Republican presidential candidate Dr. Ben Carson argued that it “will be necessary” to raise the retirement age for people under 55, and he “would love” if people who “really don’t need it” opted out of Social Security on Monday’s broadcast
For the ninth time in the last 18 years Forbes ranks the Cowboys at the top spot for NFL teams, worth a stunning $4 billion this year.
Since 2008, the Federal Reserve has kept the federal funds rate—the banks’ overnight borrowing rate—near zero. Now more confident about prospects for growth and inflation, policymakers are preparing to raise those short-term rates—perhaps at the conclusion of their two day meeting on Thursday or later this year.
California’s top demographer, Joel Kotkin, warned this week about the financial risks of Los Angeles hosting the 2024 Olympics without local corporate underwriting.
The Kersten Institute just published a warning that a fiscal storm will arrive in the next few months as new Government Accounting Standards Board (GASB) pension and benefit accounting standards push “potentially hundreds of California agencies to the brink of balance sheet insolvency,” causing Moody’s credit rating service to issue a massive number of “junk” downgrades and threaten “another wave of municipal bankruptcies in California.”
Early Saturday morning, after midnight, the California legislature ended its regular session, and two special sessions. Despite an immense amount of pressure on them from the Governor, their Democrat colleagues, and powerful special interests – Republicans held the line and successfully
On Thursday, China launched its second annual China-Arab States Expo in Ningxia province, which the state-run Xinhua news agency describes as “home to more than 10 percent of China’s 20 million Muslims.” Don’t expect that total to be increasing by any significant number of Syrians any time soon.
France’s Economy Minister, Emmanuel Macron, attended a prominent technology conference this week in Israel as part of an ongoing strategy employed by Paris to bring French Jews back to their home country, the Wall Street Journal reports.
The L.A. Times is still bleeding employees this week with the announcement of a third high-placed staffer leaving the paper.
Hipsters who cannot afford high San Francisco rent have a new option: $1,800 per month for a spot on a bunk bed with a stranger in a home with 30 other people in what is being called “co-creative” housing.
Analysts and investors have been searching for clues as to whether Federal Reserve policymakers will begin raising interest rates when they meet next week. However, globalization makes that decision a lot less important than in years past.
Police in southeast San Francisco are investigating a string of anti-Chinese spray-painted taggings, which were discovered this past weekend, as both acts of vandalism and hate crimes.
Facing a coming Supreme Court decision that may permanently end all compulsory union dues collections in California, Sacramento Democrats are trying to slip in new rules that will require an ‘orientation’ on taxpayer-funded time for unions to confront employees about the wisdom of continuing to pay dues.
According to analysts working with GasBuddy.com, gas prices in California could sink to less than $2.50 per gallon by the end of the year.
With Apple’s stock price under pressure, the company is gearing up at the San Francisco Cow Palace for the September 9 World Developer Conference.
On December 17, 2008, in response to the financial crisis, the FOMC (Federal Open Market Committee) lowered the Fed Funds rate to essentially zero. (The rate, which had been coming down for more than a year, had been 2% in September.) When Fed Funds were set at zero, the financial crisis, which had reached its perihelion in late September-early October, was already on the mend. The recession, which had begun in December 2007, was two-thirds past. Nevertheless, Fed Funds have been kept at this unprecedentedly low level for almost seven years. The Federal Reserve has become entrapped in its own snare, with no clear exit.
Members of the USDA-sponsored American Egg Board should have known before they threatened a vegan mayonnaise competitor that that the not-so-funny joke in corporate board rooms these days is that the new nick-name for e-mail is “evidence mail.”
Monday at an AFL-CIO Labor Day event in Pittsburgh, Vice President Joe Biden ranted about the economy as it pertains to the American labor force. Biden said, “We can’t let the changes that have taken place and crept in for the last
In Latin America, falling commodity prices and uncertainty in some of the world’s most important economies appear to have hit the region’s two biggest economies hard.
The “Internet of Things” (IoT) incorporates a dynamic array of technologies that mobilize sensors to monitor environmental conditions and radio-frequency identification RFID tags to facilitate objects interacting with users. California, with its high-tech industry, will lead the nation in IoT deployment.
The Democrat controlled California State Assembly just passed a partisan first of its kind bill that orders CalPERS’ and CalSTRS’ pension plans to sell all of their coal investments.
In his Labor Day weekend video address, President Barack Obama the economic progress over the past five-and-a-half years and made a push for Congress to pass a new budget by month’s end. Transcript as follows: Hello, everybody. I hope most
In a speech delivered entirely in Spanish, Rubio blamed Clinton supporters for the U.S. territory’s economic problems as he railed against giving Puerto Rico bankruptcy protection
Two Wisconsin Democrats are proposing a bill that would force insurance companies to give consumers 60 days’ notice before a rate increase could be implemented and also force the state Office of the Commissioner of Insurance to hold public hearings if the companies wanted to raise rates over 10%.
Foreign-born workers netted all the job gains among women from July to August, according to data released Friday by the Bureau of Labor Statistics, continuing an ongoing trend.
