Chriss W. Street

Latest News

Real Household Incomes Fall 5.9% Under Obama

Economic recoveries are historically known for big gains in “real” (after inflation) household income. But for most American households there has been no economic recovery during the Obama Administration because of chronic falling wages, according to data from the dshort.com website. For the first time in American history during a supposed economic expansion, real after tax income fell by -5.9%. Aug 22, 2014 12:15 PM PT

Lawsuit Accuses San Francisco of Environmental Hypocrisy

Nancy Pelosi and 62 other House Democrats with 100% ratings from the Sierra Club have for decades been using the Endangered Species Act (ESA) try to litigate small rural California communities out of existence for having the gall to use water for farming and ranching. That is why it will be entertaining to watch the progress of a new ESA lawsuit aimed at forcing San Francisco elitists, like House Minority Leader Nancy Pelosi and her neighbors at the Sierra Club headquarters, to live by the same rules they impose on the rural bumpkins they seem to disdain. Aug 22, 2014 7:56 AM PT

California Prison Early Release Turns into Flood

Governor Jerry Brown’s ongoing “realignment” response to court orders requiring a reduction in California’s prison crowding is sending all but the worst criminals flooding back to county jails for a brief visit and then back on the streets. A Los Angeles Times investigative report revealed the newly over-crowded county jails are also refusing to “book” into jail many serious criminal offenders. Those that do get jailed are bouncing back out on the streets after serving less than 10% of their sentences. Aug 21, 2014 3:13 PM PT

California Field Poll Shows Strong Support for Government Healthcare

The latest latest Field Health Policy Survey conducted among California registered voters about changes in the state's health care system following the implementation of Obamacare (the Affordable Care Act) suggests that about two-thirds believe that state government should be deeply involved in the business of health care. Aug 21, 2014 5:43 AM PT

California Crushed by Texas Job Creation

The America Enterprise Institute seldom has much positive to say about the impact of California’s leftist public policies on business and job growth in the less-than-Golden State. But AEI’s blog pointed to Monday’s Bureau of Labor Statistics unemployment report to show that conservative Texas continues to crush liberal California in job growth. Aug 20, 2014 1:43 PM PT

Aeroject Awarded Laser Based 3-D Metal Printing Contract

California's Aerojet Rocketdyne announced Monday that it had been awarded an Air Force contract to develop 3-D printing for “Large-Scale Additive Manufacturing." Unlike traditional 3-D printing that shapes parts out of composites and plastics, additive manufacturing uses lasers to melt metals into complex shapes with very specific hardness and heat tolerances. Aug 20, 2014 5:52 AM PT

Populist Movement Grows in Australia Against China Domination

Clive Palmer (pictured), Australian mining magnate and leader of the nation’s United Party, accused China of trying to take over the nation’s resources. Although he was quickly lambasted by ruling Liberal Party Prime Minister Tony Abbott, it seems that there is now a populist movement against China’s state-owned industries' aggressive acquisition of foreign companies and infrastructure. Aug 19, 2014 1:33 PM PT

Russia & China Launch Era of Floating Nuclear Power Plants

Russia began a campaign in 2000 to construct seven floating nuclear power plants, but Moscow only built one due to strong Western environmental opposition and Russia’s weak economy. But now that Russia is under Western financial sanctions and China recently admitted its huge domestic effort to frack for natural gas has failed, the two nations are teaming up to launch a new era of floating nuclear power plants. Aug 19, 2014 12:19 PM PT

Proposed Fracking Ban May Hurt Santa Barbara Liberals

A group called the Santa Barbara County Water Guardians qualified an initiative called Measure P for the county ballot in November. The measure would ban “high intensity” gas and oil operations such as fracking, oxidization, steam injection and other high-intensity petroleum operations. However, what once seemed like an easy passage in extremely liberal Santa Barbara County is encountering surprising opposition. Aug 19, 2014 11:27 AM PT

Broadband Overtakes TV for First Time

For the first time, top U.S. cable firms have more broadband customers than cable TV subscribers, according to published data from the Leichtman Research Group. Aug 19, 2014 8:50 AM PT

China's National Effort in Oil and Gas Fracking Fails

China’s “economic miracle” faces an existential threat now that the nation is the world’s largest importer of oil. The Chinese central authorities mandated a $275-billion crash investment in fracking to develop cheap energy from China’s 30 trillion cubic meters of natural gas trapped in the world's largest shale fields. But China’s effort to knockoff America’s oil and gas fracking boom appears to have failed. China seems doomed to continue to destroy its industrial competitiveness by relying on high-cost energy imports. Aug 18, 2014 1:43 PM PT

US Manufacturing Surges in July

United States manufacturing, which accounts for about 12% of the economy, surged by 1% in July after rising by 0.3% in June, according to the Federal Reserve. Aug 16, 2014 9:30 AM PT

China Faces Credit Crunch as Lending Falls 86%

China's National Bureau of Statistics revealed data on August 13th that the nation’s credit plunged by a dramatic and wildly unexpected 86% in July, down to the slowest pace since the 2008 bankruptcy of Lehman Brothers and the start of the global financial crisis. With a collapsing housing sector and falling exports, China now faces a brutal credit crunch. Aug 14, 2014 2:43 PM PT

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