Chriss W. Street

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Protesters Fight 'Bomb Trains' Hauling Oil Thru California

With energy projects cranking up, the Richmond protest against “bomb trains” is just the first of what promises to be a protracted battle over a slew of new carbon-based energy projects in the Golden State. Jun 2, 2014 4:59 AM PT

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 on about June 6th. Jun 2, 2014 2:56 AM PT

Meg Whitman Has the Easiest Job in Silicon Valley

Meg Whitman has, in fact, the easiest job in Silicon Valley: just keep cutting costs, and focusing on more profitable market segments and generating tremendous amounts of free cash flow for shareholders. May 29, 2014 9:01 AM PT

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, the Internal Revenue Service just notifed employers they will be subject to a tax penalty of $100 a day — or $36,500 a year — for each employee who goes into the individual exchange. May 29, 2014 6:53 AM PT

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.” May 28, 2014 4:23 PM PT

French Policy Abandoning Piketty as Popularity Balloons in America

French Socialist economist Thomas Piketty made a big splash in the U.S. recently with his book Capital in the Twenty-First Century. The 600-page tome argues that since the owners of capital end up with capital, it must be globally taxed away to prevent inequality. With the European elections victory by the far-right Nation Front, Piketty’s countrymen are screaming at him, “Go where you belong from now on – into the dustbin of history!” May 26, 2014 5:32 PM PT

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 in June of 2005 at the height of the economic expansion and has declined by about -866 miles per year or -2.4 miles per day since. May 26, 2014 8:23 AM PT

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 for food is up by 10% this year. May 26, 2014 8:14 AM PT

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 for VC investments is the Forbidden Kingdom, up 31% this year to $298 million. May 26, 2014 6:12 AM PT

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 teacher’s pension plan. May 24, 2014 6:52 PM PT

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. May 22, 2014 11:14 AM PT

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 billion in the Crimea. May 20, 2014 7:45 PM PT

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 Crimea. May 20, 2014 3:21 PM PT

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