Chriss W. Street

Chriss W. Street - Page 50

Articles by Chriss W. Street

June Weather Could Hurt US Corn Crop

Mid-western farmers are usually afraid of not enough rain hurting their corn harvests.  But this year, annual rainfall already averages 150-300% across the nine states referred to as the “Corn Belt” and a big rain system is expected to hit

June Weather Could Hurt US Corn Crop

Meg Whitman Has the Easiest Job in Silicon Valley

Time published a story May 27 entitled: “Meg Whitman Has the Hardest Job in Silicon Valley,” that claimed Meg Whitman, in cutting headcount and shrinking the size of Hewlett Packard (HP), is being too aggressive.  Virtually every sector of HPs businesses

Meg Whitman Has the Easiest Job in Silicon Valley

IRS Bars CEOs from Dumping High-Cost Workers on Obamacare

Corporate America was an early supporter of Obamacare, because CEOs thought they could “game the system” by dumping their sickest workers onto state and federal healthcare exchanges that are often subsidized by taxpayers. But in an unexpected financially important ruling,

IRS Bars CEOs from Dumping High-Cost Workers on Obamacare

GAO: Executive Branch Wastes Hundreds of Millions on Software

According to a report from the bipartisan Government Accountability Office (GAO), the Office of Management and Budget (OMB) and 21 other agencies of the federal government’s Executive Branch “do not have adequate policies for managing software licenses.”  Despite the federal

GAO: Executive Branch Wastes Hundreds of Millions on Software

Gallup: Americans Love Small Business, Dislike Big Business

The latest Gallup poll indicates that 79% of Americans believe big business is “Creating important new products and technologies,” but only 43% believe large companies are “Creating good jobs for Americans.” The majority of the American public perceive that large

Gallup: Americans Love Small Business, Dislike Big Business

Millennials Can't Afford Memorial Day Weekend Trips

Memorial Day weekend has usually been a time for families to take a big car trip, and 31.8 million Americans will do so this Memorial Day weekend according to AAA. But the total number of miles driven per person peaked

Millennials Can't Afford Memorial Day Weekend Trips

U.S. Food Inflation Running at 22%

After five years of the federal government telling the public that despite a $3.5 trillion increase in monetary expansion, the inflation rate is below +2%, the Department of Agriculture (DOA) just warned the American public that the consumer price index

U.S. Food Inflation Running at 22%

Despite Huge Losses, Silicon Valley Throws More Money at China

Silicon Valley Venture Capitalists funded 321 deals in the first quarter of 2014, up 9% from last year and the highest rate since the peak of 347 in 2007.  Despite terrible investment returns in the past, the fastest growing area

Despite Huge Losses, Silicon Valley Throws More Money at China

Jerry Brown Doubles School Pension Cost to $11.4 Billion

California Governor Jerry Brown got some kudos from Republicans for not funding new boondoggles and promising to focus on paying down the $166.9 billion in unfunded state liabilities for the teachers’ pension plan. Senate Republican Leader Bob Huff (R-Diamond Bar)

Jerry Brown Doubles School Pension Cost to $11.4 Billion

China Launches $2 Billion African Development Fund

China agreed to fund a $2 billion multi-lateral investment fund in cooperation with the African Development Bank. The move is a departure from China’s former “cheque book” policy of investing directly in individual countries.  Beijing appears to be forming the “Africa

China Launches $2 Billion African Development Fund

Rep. LaMalfa: Oakland VA Policy 'Delay, Deny, and Wait Until They Die'

Freshman Congressman Doug LaMalfa (R-CA) reported from the House floor on May 22nd that a group of Veteran’s Administration (VA) disability officers have filed federal whistle-blower complaints and/or sworn affidavits.  The complaints stated that the Oakland, California VA has had a

Rep. LaMalfa: Oakland VA Policy 'Delay, Deny, and Wait Until They Die'

Federal Reserve Warns Interest Rates Will Rise

With jobs, wages, and the economy picking up steam, the Federal Reserve warned financial institutions in their April 29-30 Open Market Committee meeting minutes that they are planning to raise interest rates as inflation picks up. “Participants generally agreed that

Federal Reserve Warns Interest Rates Will Rise

China and Russia Agree to Contain the United States

In what appears to be an effort to undermine the United States sanctions against Russia, China indicated to its state-owned Xinhua news agency that the government will agree during Russian President Putin’s May 20-21st visit to Shanghai to invest $18.46

China and Russia Agree to Contain the United States

China Undermines Russia Sanctions with $18 Billion Investment

In what appears to be an effort to undermine the United States sanctions against Russia, China indicated to its state-owned Xinhua news agency that it agreed during Russian President Putin’s May 20-21st visit to Shanghai to invest $18.46 billion in

China Undermines Russia Sanctions with $18 Billion Investment

Report: California Drought Will Only Cut Farm Revenue 3%

Despite the fact that every single part of California is currently facing severe, extreme, or exceptional drought for the first time in 15 years, the UC Davis and ERA Economics research team estimated on May 19 that agricultural losses for California’s Central

Report: California Drought Will Only Cut Farm Revenue 3%

Stanford Coal Divestment Upsets Kentucky Senate Race

The blow-back from Stanford University‘s May 6 decision to become the first major university endowment to divest of the stocks of coal-mining companies may hurt the general election prospects of Kentucky Democratic Senate hopeful Alison Lundergan Grimes, who has a one-point

Stanford Coal Divestment Upsets Kentucky Senate Race

Anti-Muslim Brotherhood Rebels Attack Libya Parliament Building

Rebel forces led by General Khalifa Hafter attacked the Libyan parliament building in the capital city of Tripoli on May 18th, according to a Reuters interview of the general’s spokesman.   Residents confirmed heavy gunfire from anti-aircraft weapons and rocket-propelled grenades near

Anti-Muslim Brotherhood Rebels Attack Libya Parliament Building

Pratt & Whitney Division Abandons California

The California economy got another punch in the nose as aerospace contractor Pratt & Whitneyannounced last week that their AeroPower facility in San Diego will relocate all remaining operations to existing facilities to Florida, Georgia, Texas and Canada.   Last year, the company

Pratt & Whitney Division Abandons California

China Says Geithner's Book Proves U.S. Cannot Be Trusted

The Chinese official Xinhua News Agency published an incendiary article this morning titled: “Geithner Charges White House With Telling Him To Lie, But Fallout Muted.” Over the last year, Chinese President Xi Jinping is reported to have fired 183,000 Communist

China Says Geithner's Book Proves U.S. Cannot Be Trusted

GAO: Budget Sequester Only Cut One Federal Job

During the government shutdown last October, the main-stream-media railed against what they referred to as the draconian risks associated with the “Budget Sequester.”  Despite the mass hysteria from the chattering classes and Goldman Sachs predicting 100,000 layoffs and the Congressional

GAO: Budget Sequester Only Cut One Federal Job

Stockton Bankruptcy Judge Calls CalPERS Claims 'Festering Sore'

U.S. Judge Christopher Klein, who is presiding over the Stockton city bankruptcy case, said on May 13th he will question officials from the California Employees’ Retirement System (CalPERS) in a bench trial that will last until Thursday, May 15th to determine whether the

Stockton Bankruptcy Judge Calls CalPERS Claims 'Festering Sore'

IMF's Lagarde: Ukraine Crisis Is 'Contagion' of Unpredictability

Christine Lagarde, French International Monetary Fund (IMF) managing director, said in an interview with German newspaper Handelsblatt on May 12th that “Ukraine needs much more than 17 billion dollars” in the rescue package of financial assistance approved by the IMF

IMF's Lagarde: Ukraine Crisis Is 'Contagion' of Unpredictability

Mortal Enemies Saudi Arabia and Iran Try Diplomacy

In what can only be described as a momentous sign that Saudi Arabia can no longer defeat Iran’s ambitions to rebuild its Persian Empire, Saudi Foreign Minister Prince Saud al-Faisal on May 13th told a news conference in Riyadh that

Mortal Enemies Saudi Arabia and Iran Try Diplomacy

Tim Geithner Gives the World a Stress Test: Part One

The most unique element of Timothy Geithner’s new 580 page book Stress Test is that he seems to have actually written it. As former President of the New York Federal Reserve Bank from 2003 to 2009 and then U.S. Treasury

Tim Geithner Gives the World a Stress Test: Part One

Sunni Muslim States Forming 'Arab NATO'

The Sunni Muslim Gulf Cooperation Council (GCC), led by Saudi Arabia, appears to be forming an “Arab NATO” military alliance according to Stratfor Intelligence. The alliance would initially include Morocco and Jordan, but over time it would probably also seek

Sunni Muslim States Forming 'Arab NATO'

Antarctic Sea Ice at All-Time Record Levels

The National Snow and Ice Data Center (NSID), with the support of the NASA Earth Sciences, just announced that Antarctic sea ice has expanded to all-time record levels for April. Last month the ice expanded by more than 42.5 square

Antarctic Sea Ice at All-Time Record Levels

California Wins Chief Executive.net's Worst State for Business

ChiefExecutive.net 10th annual survey of 500 CEOs from across America on their views of the best and worst states for business rated California “The Worst,” and Texas “The Best.”   The annual survey of business leaders asks each CEO to

California Wins Chief Executive.net's Worst State for Business

Outside Political Spending Hits $88 Million and Counting

Open Secrets reports that outside groups, generally political parties, corporations and unions, have independently spent $88,868,421 so far in 2014 on the upcoming mid-term elections according to the Federal Election Commission (FEC). The figures do not require complete or immediate

Outside Political Spending Hits $88 Million and Counting

Hedge Funds See Record Cash Inflow

Total hedge fund assets surged to set a record of $2.7 trillion in the first quarter of 2014, as investors allocated $26.3 billion of new capital to the industry, the most since the second quarter of 2011. If the trend

Hedge Funds See Record Cash Inflow

California Policy Center: 20 Counties' Public Pensions Only 60% Funded

Bill Monnet, Ken Churchill, and Ed Ring of the California Policy Center published a study on May 6, 2014 titled “Evaluating Total Unfunded Public Employee Retirement Liabilities in 20 California Counties” that determined the official published statements for unfunded employee retirement liabilities

California Policy Center: 20 Counties' Public Pensions Only 60% Funded

Fed Chair Janet Yellen Predicts Economy and Inflation to Rise

Federal Reserve Chairwoman Janet Yellen offered an upbeat economic outlook to the Joint Congressional Economic Committee in her remarks Wednesday by stating, “With the harsh winter behind us, many recent indicators suggest that a rebound in spending and production is

Fed Chair Janet Yellen Predicts Economy and Inflation to Rise

Sandinista-Chinese Nicaraguan Canal to Compete with Panama Canal

The “Interoceanic Grand Canal” (IGC) is about to be dug across Nicaragua to compete with the Panama Canal by as early as 2019.  The Sandinista government of Nicaragua’s President Daniel Ortega granted a 100-year concession to the Hong Kong Nicaragua

Sandinista-Chinese Nicaraguan Canal to Compete with Panama Canal

Russian Strategic Bombers Flying Along California Coast

The Associated Press reported Monday that Gen. Herbert Carlisle, Commander of United States Air Forces in the Pacific, acknowledged a significant increase in the activities by Russian long-range strategic aircraft flying along the California coast.   There was no comment about whether the

Russian Strategic Bombers Flying Along California Coast

Russian Strategic Bombers Flying Along California Coast

The Associated Press reported Monday that Gen. Herbert Carlisle, Commander of United States Air Forces in the Pacific, acknowledged a significant increase in the activities by Russian long-range strategic aircraft flying along the California coast.   There was no comment about whether the

Russian Strategic Bombers Flying Along California Coast

Obama Doubled Nation-Building Budget

On November 4, 2008, then-President-elect Barack Obama said, “Change has come to America.” That change is most evident today in voters’ opinion of the benefits of United States world involvement. The newest Wall Street Journal/NBC surveys “portray a public weary of

Obama Doubled Nation-Building Budget

Russia Moves Warplanes into Ukraine Attack Position

Russia moved dozens of Mig-29 and Su-27 fighter aircraft and Tu-22 bombers from a Simferopol district airbase to the western coast of the Crimean peninsula on May 3rd following the bloody clashes between pro- and anti-Russian groups in the southern

Russia Moves Warplanes into Ukraine Attack Position

Study Reveals Drinking More Coffee Reduces Diabetes Risk

There is nothing happier than a coffee drinker with his first cup in the morning. But coffee has a historic reputation of being blamed for many ills, from stunting growth to causing heart disease and cancer.  Over the last 20

Study Reveals Drinking More Coffee Reduces Diabetes Risk

Snapchat Proves Tech Bubble Hasn't Burst Yet

“Please God, just one more bubble” was a popular bumper sticker in the San Francisco Bay area’s fabled Silicon Valley after the late 1990s “Dot Com” bubble burst.  For the last five years, U.S. stocks have relentlessly climbed by 210%

Snapchat Proves Tech Bubble Hasn't Burst Yet