U.S. Judge Christopher Klein, who is presiding over the Stockton city bankruptcy case, said on May 13th he will question officials from the California Employees’ Retirement System (CalPERS) in a bench trial that will last until Thursday, May 15th to determine whether the
Christine Lagarde, French International Monetary Fund (IMF) managing director, said in an interview with German newspaper Handelsblatt on May 12th that “Ukraine needs much more than 17 billion dollars” in the rescue package of financial assistance approved by the IMF
In what can only be described as a momentous sign that Saudi Arabia can no longer defeat Iran’s ambitions to rebuild its Persian Empire, Saudi Foreign Minister Prince Saud al-Faisal on May 13th told a news conference in Riyadh that
The most unique element of Timothy Geithner’s new 580 page book Stress Test is that he seems to have actually written it. As former President of the New York Federal Reserve Bank from 2003 to 2009 and then U.S. Treasury
The Sunni Muslim Gulf Cooperation Council (GCC), led by Saudi Arabia, appears to be forming an “Arab NATO” military alliance according to Stratfor Intelligence. The alliance would initially include Morocco and Jordan, but over time it would probably also seek
The National Snow and Ice Data Center (NSID), with the support of the NASA Earth Sciences, just announced that Antarctic sea ice has expanded to all-time record levels for April. Last month the ice expanded by more than 42.5 square
ChiefExecutive.net 10th annual survey of 500 CEOs from across America on their views of the best and worst states for business rated California “The Worst,” and Texas “The Best.” The annual survey of business leaders asks each CEO to
Open Secrets reports that outside groups, generally political parties, corporations and unions, have independently spent $88,868,421 so far in 2014 on the upcoming mid-term elections according to the Federal Election Commission (FEC). The figures do not require complete or immediate
Total hedge fund assets surged to set a record of $2.7 trillion in the first quarter of 2014, as investors allocated $26.3 billion of new capital to the industry, the most since the second quarter of 2011. If the trend
Bill Monnet, Ken Churchill, and Ed Ring of the California Policy Center published a study on May 6, 2014 titled “Evaluating Total Unfunded Public Employee Retirement Liabilities in 20 California Counties” that determined the official published statements for unfunded employee retirement liabilities
Federal Reserve Chairwoman Janet Yellen offered an upbeat economic outlook to the Joint Congressional Economic Committee in her remarks Wednesday by stating, “With the harsh winter behind us, many recent indicators suggest that a rebound in spending and production is
The “Interoceanic Grand Canal” (IGC) is about to be dug across Nicaragua to compete with the Panama Canal by as early as 2019. The Sandinista government of Nicaragua’s President Daniel Ortega granted a 100-year concession to the Hong Kong Nicaragua
The Associated Press reported Monday that Gen. Herbert Carlisle, Commander of United States Air Forces in the Pacific, acknowledged a significant increase in the activities by Russian long-range strategic aircraft flying along the California coast. There was no comment about whether the
The Associated Press reported Monday that Gen. Herbert Carlisle, Commander of United States Air Forces in the Pacific, acknowledged a significant increase in the activities by Russian long-range strategic aircraft flying along the California coast. There was no comment about whether the
On November 4, 2008, then-President-elect Barack Obama said, “Change has come to America.” That change is most evident today in voters’ opinion of the benefits of United States world involvement. The newest Wall Street Journal/NBC surveys “portray a public weary of
Russia moved dozens of Mig-29 and Su-27 fighter aircraft and Tu-22 bombers from a Simferopol district airbase to the western coast of the Crimean peninsula on May 3rd following the bloody clashes between pro- and anti-Russian groups in the southern
There is nothing happier than a coffee drinker with his first cup in the morning. But coffee has a historic reputation of being blamed for many ills, from stunting growth to causing heart disease and cancer. Over the last 20
“Please God, just one more bubble” was a popular bumper sticker in the San Francisco Bay area’s fabled Silicon Valley after the late 1990s “Dot Com” bubble burst. For the last five years, U.S. stocks have relentlessly climbed by 210%
The California Public Employees Retirement System (CalPERS) filed a May Day brief in the 6th U.S. Circuit Court of Appeals saying that U.S. Bankruptcy Judge Steven Rhodes’ December ruling in the City of Detroit bankruptcy case was wrong to conclude
California Governor Jerry Brown will be seeking to burnish his foreign policy credentials when he leads a trade and investment mission to Mexico – California’s largest export market – in July. Many Democrat operatives are beginning to whisper that Hillary
The International Monetary Fund (IMF), which is dominated by the U.S., just approved a $17 billion loan for the Ukraine. As the IMF’s largest participant with 17.69%, the United States will contribute over $3 billion. The first disbursement will be
According to a World Bank report released Wednesday morning, the United States is on the cusp of losing its economic global supremacy for the first time since it took the crown from the United Kingdom in 1872. However, after its
The European Union undercut the United States’ sanctions against Russia by failing to match America’s April 28th sanctions against 17 high-tech companies that are directly owned or controlled by Russian President Vladimir Putin. Although the EU issued “enhanced” sanctions against
In what could have been America’s deadliest oil train disaster, over a dozen crude oil tankers in a 100-car train derailed and caught fire in downtown Lynchburg, Virginia. Police and Homeland Security are evacuating many downtown buildings in a metropolitan
Most Americans expect Democrats to dominate the political use of social media and the Internet in the 2014 and 2016 national elections, but the Gallup polling organization just published a report titled “Mobile Technology in Politics More Potential than Reality” that indicates
