Chriss W. Street

Latest News

Samsung (Associated Press)

Samsung is Major Victim of Apple’s iPhone 6 Success

After Apple (AAPL) reported that it had sold $74.6 billion in products and earned a record corporate profit of $18.04 billion profit in a single quarter, Samsung Electronics admitted Thursday that much of Apple’s gain came at its expense. Korea’s former corporate juggernaut reported its lowest annual profit since 2011, with a 32% drop in quarterly profit, to $21.3 billion.
Reuters

California’s High Cost of ‘Sustainable Power’ Kills Jobs

California’s commercial and industrial energy costs are about 37% higher than the national average in the continental United States due to Governor Brown’s 33% sustainable energy mandate. And with rates 41% to 46% higher in San Diego County than the national average, local investment and job growth are being hammered.
AP Photo/Mandel Ngan, Pool

Obama Forced to Dump Tax on 529 College Savings Accounts

In a desperate attempt at relevance, President Barack Obama thought he could pay for two promised years of free community college tuition by eliminating the tax exemption on middle-class 529 college-savings accounts. Although the Administration argued that the 529 accounts disproportionately benefit higher-income families, disenfranchising 11.6 million accounts was seen as just short of a declaration of war on “the family.” This afternoon Obama dumped his tax plan.
EBT California (Rich Pedroncelli / Associated Press)

Report: California’s High Welfare Benefits Attract New Immigrants

In a report entitled "Immigrants Tend to Live in High Welfare Benefit States," published on Jan. 26, 2015, the National Bureau of Economic Research (NBER) determined that “the generous welfare benefits offered by some states have magnetic effects and alter the geographic sorting of immigrants in the United States"--attracting many to California.
Oil Train (Matt Brown / Associated Press)

More Oil-Trains Headed for California

On Sunday, the Center for Biological Diversity held a public forum at the San Jose City Hall to educate residents about what they believe are the dangers of so called oil-trains. According to the Center, tar sands oil and heavy crudes that will be brought in from Canada are most toxic, carbon intensive and dirtiest fuels on the planet.

Breitbart Video Picks