Chriss W. Street

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Standard and Poor's Downgrades Russia's Credit Rating

Standard & Poor’s downgraded Russia’s credit rating to BBB-, just one notch above junk, and warned that the nation faced a further downgrade in the event of tighter financial sanctions by members of the North Atlantic Treaty Organization (NATO). To prevent a big drop in the exchange rate of their ruble currency, Russia’s central bank increased its benchmark interest rate to 7.5% in an effort to trim inflation. Apr 25, 2014 2:16 PM PT

New Unemployment Claims Fall to Eight-Year Low

Lee Adler of the Wall Street Examiner just reported that the advance number of “actual” initial unemployment in the United States fell to an eight-year low according to the newest Department of Labor announcement. Apr 24, 2014 11:58 AM PT

Alaska Energy Boom Starts Cranking Up

In a flurry of Alaskan oil deals, London-based BP announced a sale of interests to Houston-based Hilcorp in four North Slope oil fields and the use of the proceeds for a big growth of investments on the North Slope. The major reason for America’s energy crisis over the last two decades was the 72% decline of Alaska oil production. However, passage of Bill 21’s exploration and development tax cuts is igniting a new American energy boom. Apr 23, 2014 1:08 PM PT

Stockton Facing May 12th Trial to Invalidate Public Pension

With Franklin Tax-Free Income going to court on May 12th to invalidate the pension for making Stockton, California, insolvent, all unfunded public pensions in California may be at risk of being invalidated by the court. Apr 23, 2014 10:43 AM PT

No One Cares How Many Predictions Earth Day Founders Got Wrong

Over the last 44 years Earth Day has often been hijacked by political opportunists and faux scientists, but it is great fun to look back and see just how wrong the original Earth Day environmental experts were about the science and the future. Apr 22, 2014 6:52 PM PT

Fed Chair Janet Yellen Demands Japan End Quantitative Easing

Fed Chair Janet Yellen, after declaring the U.S. Federal Reserve is abandoning Quantitative Easing – code words for money printing – is now demanding the Bank of Japan (BOJ) also curtail its Quantitative Easing. Apr 22, 2014 11:22 AM PT

California Imitates France as Middle-Aged Move in with Parents

The Los Angeles Times ran an article Monday called “Moving in with Parents Becomes More Common for the Middle-aged " that seems to knock off a February story in the French magazine Le Monde called “Meet France's Boomerang Kids, Moving Back In With Parents At Middle Age.” Apr 21, 2014 9:36 PM PT

Tesla Shakes Down California for Battery Subsidies

Tesla Motors mined middle class taxpayers for a $495 million loan to build a subsidized car in California for uber-wealthy elitists to thumb their noses from the car-pool lane at the peasants in the low class lanes. Now they want another slurp at the taxpayers’ trough for subsidies to finance, build, and operate a $5 billion, 6,500-employee battery factory. Apr 21, 2014 7:21 AM PT

Sacramento Judge Rules for State in Co-Ed Bathroom Case

In a major setback to California voters, a Sacramento Superior Court judge ruled in favor of a motion by California to squelch subpoenas that sought records to verify that signatures had suspiciously been invalidated by the California Secretary of State in the referendum drive to overturn the California State Legislature’s intrusive Co-ed Bathroom Bill. Apr 19, 2014 12:21 PM PT

CalPERS Admits 52% Underfunding on State Employee Pensions

The California Public Employees Retirement System (CalPERS) just admitted that the state-managed pension plan, that provides retirement for the state and almost 1,600 local government agencies, is 52% underfunded and will be forced to jack up taxpayer funded contribution rates by about $1.518 billion. Apr 18, 2014 2:52 PM PT

Russia Declares Peace with NATO Humiliation

Russia has achieved a strategic psychological victory over NATO in the Ukraine with the announcement by Foreign Minister Sergei Lavrov in Geneva that an agreement had been reached with Ukrainian and NATO member diplomats to ease tensions in the country. Apr 17, 2014 6:44 PM PT

Poll Indicates Californians Still Oppose Dams, Reservoirs

The California Field Poll has released its latest study on voters' opinions of the seriousness of the current drought and what steps the state should take to respond to the crisis. The poll found that 88% of voters believe the current drought is a serious problem, but most believe the answer is for farmers to reduce water usage by changing crops and using water more efficiently. Apr 17, 2014 4:40 AM PT

Fed Chair Janet Yellen to Follow Reagan's 'Taylor Rule'

Yellen made it clear she is focused on moving Federal Reserve (Fed) policy back to the “Taylor Rule” that was first implemented during President Reagan Administration and for the next 30 years resulted in a period of low inflation and high economic growth. Conservatives and the youth should be optimistic that America is moving back into that “shining city on a hill.” Apr 16, 2014 10:34 PM PT

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