Posts Tagged ‘high speed rail’
Thursday, March 12th, 2015
Time for another Texas vs. California update:
In a worst-case scenario, CalSTARS and CalPERS might need an additional $50 billion a year between them to stay solvent.
If you haven’t taken a look at my piece on Stockton’s latest boondoggle, you probably should.
A new ballot initiative to cut California public employee pensions is due out in May, lead by former San Jose Mayor Chuck Reed, a Democrat.
Even Jerry Brown’s timid pension reforms are evidently too much for the Obama Administration, which is holding up funds over them.
A rare bit of good municipal news out of California, as Rancho Mirage declares that they’re debt free. (Hat tip: Pension Tunami.)
Prime Health Care pulls out of Daughters of Charity hospital acquisition. California Attorney general Kamala Harris may have just insured those hospitals will close instead.
Texas population to explode. (Hat tip: Push Junction.)
Land acquisition for California’s high speed rail boondoggle isn’t going swimmingly.
Malibu Golf Club files for Chapter 11. “An attorney for Malibu Associates said the company closed the golf club after defaulting on a $47-million loan from U.S. Bank, which has begun foreclosure proceedings.”
“In February, the Berkeley Health Center, a clinic that provided medical services to low-income patients, closed down in the wake of serious financial troubles, including allegations that it had mismanaged public funds.” They also left behind sensitive patient records…
Calfornia hikes water rates. Millions for the delta smelt, not one blue drop for you to drink…
Monolith Semiconductor relocates from Ithaca, New York to Round Rock.
Tags:California, CalPERs, CalSTARS, Chuck Reed, Democrats, fraud, high speed rail, Jerry Brown, Kamala Harris, Monolith Semiconductor, Rancho Mirage, Round Rock, Texas, Welfare State, Williamson County
Posted in Democrats, Texas, unions, Waste and Fraud, Welfare State | No Comments »
Thursday, February 19th, 2015
Time for another Texas vs. California roundup:
U.S. bankruptcy judge presiding over the Stockton case says pensions are not sacred and can be cut in bankruptcy. “CalPERS has bullied its way about in this case with an iron fist insisting that it and the municipal pensions it services are inviolable. The bully may have an iron fist, but it also turns out to have a glass jaw.”
Public employee pensions: Stealing from the young and poor to give to the old and rich. (Hat tip: Pension Tsunami.)
California’s entrepreneurs still think the business climate sucks. “In the 2014 survey, 63.5 percent called the small business climate poor, with just 10 saying it’s good. This year 60 percent still consider the business climate poor with 16.5 percent finding it good.”
By contrast, low oil prices won’t torpedo Texas’ economy. “Texas’ economy today is more resilient to oil price fluctuations thanks to industrial diversification and pro-growth policies.”
California’s combined capital gains tax rate is the third highest. Not third highest in the U.S., third highest in the world, lower only than Denmark and France.
How environmentalists made California’s drought worse.
Two unions are on different sides of a proposed sale of six struggling Catholic hospitals to a private company.
Defense contractor “Advantage SCI, LLC announced today that the company will relocate its headquarters to Alexandria, Virginia (Fairfax County in Old Town Alexandria) from El Segundo, California, after recognizing the high costs related to worker’s compensation, liability, and taxes that plague businesses in California.”
Coffee roaster Farmers Brothers is leaving California for either Oklahoma or Texas.
More on the Farmer Brothers relocation. “After surviving depressions, recessions, earthquakes and wars, Farmer Brothers is leaving California, finally driven out by high taxes and oppressive regulations.”
California Democrats file bills to force the state to get 50% of its energy from renewable energy by 2030. They’re basically putting up yet another big red sign to manufacturers: “We’ll make it impossibly expensive for you to do business here.”
Why health care in California is less affordable than elsewhere.
The mess that is California’s homeowner earthquake insurance.
California property owners aren’t wild about being forced to sell their land for the high speed rail boondoggle.
Arlene Wohlgemuth on why Texas should avoid the siren song of Medicare expansion. (Also, best wishes to her for a speedy recovery from her motorcycle accident.)
California’s top lifeguard pulls in a cool $236,859 in total compensation. (Hat tip: Pension Tsunami.)
“Lewd yoga dentist filed for bankruptcy.” A San Diego dentist, which is my pretext for including it here, but really, how could I not link a headline like that?
Tags:Arlene Wohlgemuth, California, CalPERs, Democrats, Energy Policy, environmentalism, health care, high speed rail, oil industry, pension crisis, Regulation, Texas, unions, Welfare State
Posted in Democrats, Regulation, Texas, unions, Waste and Fraud, Welfare State | 1 Comment »