Chriss W. Street

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Earthquake Storm Warns Big Quake May Soon Hit

Northern California suffered an “Earthquake Storm” on Sunday, as 60 smaller aftershocks rolled through Northern California following the magnitude 6.0 on the Richter Scale earthquake that struck Sunday at 3:20 a.m. Aug 25, 2014 12:20 PM PT

Janet Yellen: Labor Market Index to Drive Interest Rates

Federal Reserve Chair Janet Yellen mentioned “labor market” 47 times in her speech, entitled “Labor Market Dynamics and Monetary Policy,” which she delivered at the annual Jackson Hole Conference. Ms. Yellen and the Fed’s Open Market Committee that controls the U.S. money supply are now relying on changes in the demand for productive labor to set interest rates. Aug 25, 2014 6:20 AM PT

LA Schools, Apple and Common Core Publisher Duck Conflicts Report

Despite opposition by parents and teachers to the Pearson Education Corporation’s Common Core curriculum, conflicts of interest may explain why the Los Angeles School District administrators have been so adamant to implement the standards. Aug 24, 2014 3:07 PM PT

SpaceX Rocket Self-Destructs All Over Texas

SpaceX suffered its first missile failure when one of their F9R rockets aborted its mission and auto-destructed over Texas shortly after takeoff on August 22. One observer video shows debris falling from the sky just after the explosion. No one was hurt in the blast, but the loss comes as the latest in a string of disastrous events facing the company and its iconic leader Elon Musk, including mass lay-offs in California and worker lawsuits. Aug 24, 2014 6:45 AM PT

California Utility Customers Must Pay $331.8 Million for CO2 Auction

California environmentalists were giddy after the market for pollution credits traded up in price to a new high on record volume. But rather than a sign of greater enthusiasm to fight CO2, the California legislature quietly passed in 2012 a law that allows private utilities to pay the state for credits at any price, slap on a very nice profit, and then make their public customers foot the bill. Aug 23, 2014 9:35 AM PT

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

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