Thu07022015

Last updateThu, 02 Jul 2015 8am

LOS ANGELES Thursday, July 2nd 2015 11:16

 IT'S ABOUT R.E.S.P.E.C.T.

Using The N-Word

Clinton Galloway
WHO WE ARE-Somehow it has become acceptable to use racial slurs as long as they are directed at yourself. The fact is they are rarely directed at you but to someone else. The most glaring example of this is the use of the N-word. I need say no more because we all understand what the N-word is. The extensive use of the word in modern hip-hop and…

‘LA Is Not Designed To Work’

Jack Humphreville
LA WATCHDOG-The City of Los Angeles is a sprawling enterprise with 32,000 employees and an annual budget of $8.6 billion. But according to Rick Cole, the City’s former Deputy Mayor for Budget and Innovation, “LA is not designed to work." Our City’s operations are relatively simple compared to Los Angeles County and other large cities such as New…

SCOTUS Supports the People, Okays California’s Citizen-Driven Redistricting Commission

Deirdre Fulton
NO MORE SECRET BACKROOMS RUN BY POLITICIANS-In a decision hailed as a "major victory for voters," the U.S. Supreme Court on Monday upheld an Arizona ballot initiative, adopted by voters in 2000, which took redistricting power away from elected politicians and gave it to a nonpartisan commission. The 5-4 decision (pdf), which saw Justice Anthony…

To Latinos Trump Is Bad News

Fred Mariscal
LATINO PERSPECTIVE-This past week businessman Donald Trump announced that he will seek the 2016 Republican nomination for President. We all paid attention to his speech, not for great policy ideas but because he said that “When Mexico sends its people, they're not sending the best. They're not sending you, they're sending people that have lots of…

Supreme Court Aftermath: Meet the New Haters, As Repugnant as the Old Haters

Ken Alpern
HATE POLITICS-The Supreme Court has spoken...again and again and again. And now we're encountering a group of New Haters, as repugnant as the Old Haters, as we discover who is REALLY on the side of Love, Country and Humanity versus that once-marginalized group of emotionally- and intellectually-stunted individuals who now somehow think they're not…

About Time! Neighborhood Councils, NC Alliances: More Comment Time at City Council

Erik Sanjurjo
GUEST WORDS-On Saturday, Council President Herb Wesson gave the keynote speech before the 100+ Neighborhood Council board members and stakeholders gathered for NC Budget Day in City Hall. He announced that in the next Council term he will be folding in neighborhood council related issues under his Rules & Elections Committee, partly to help…

Councilman Parks Sidewalk Repair Plan: Bypass Union Workers

Sharon McNary
CITY HALL-The city of Los Angeles has fallen so far behind on sidewalk repairs, it took a lawsuit to get officials to guarantee more than a billion dollars for repairs. It could take years before the work reaches residential areas because the city must still come up with a strategy for which sidewalks to fix first. But some neighborhoods are…

I Never Believed This Would Happen In My Lifetime

Andrew Sullivan
GUEST WORDS-As Gandhi never quite said … First they ignore you. Then they laugh at you. Then they attack you. Then you win. I remember one of the first TV debates I had on the then-strange question of civil marriage for gay couples. It was Crossfire, as I recall, and Gary Bauer’s response to my rather earnest argument after my TNR cover-story on…

Changing the Way We See Ourselves: Every American Should Adopt a Second Country

Andrés Martinez
TRADE WINDS-About 10 minutes into the soccer game, Sebastian’s cries of “here,” “behind you,” and “cross it” became cries of “aquí,” “atrás,” and “al centro.” I’d never heard so much Spanish voluntarily pour out of my ten-year-old. There is nothing like a hunger for the ball. And nothing like full immersion in a foreign language. I brought…

 

  • Costco: Free Range Liars!

    Christian Cristiano
    WELLNESS POLITICS-Eight years ago grocery retailer Costco (COST) pledged to transition out of using eggs from chickens in small cages to cage free…
  • 10 Things Over-Thinkers Are Tired Of Over-Thinking

    Lindsay Holmes
    WELLNESS-While writing this intro, I deleted the first paragraph approximately six times. My thoughts ranged from "Just get to the point already" to…
  • Can Procrastination Give You a Heart Attack?

    Christian Cristiano
    WELLNESS-A study posted in the journal of behavioral medicine linked procrastination with hypertension and cardiovascular disease. Specifically…



Thu Jul 30, 2015 @ 6:00PM - 08:00PM
A Taste of Chatsworth


Golden Oldie-Johnnie Carson & Betty White-Adam and Eve

Rude. Rude. Rude … orchestra deals with rude cell caller

Whoa! More than 280 million hits. Taylor Swift hit-Bad Blood

 

 

 

 

  

 

 

 

Jerry Brown Pulls a Nixon

CALIFORNIA FINANCIALS - “Only Nixon could go to China” is a political metaphor referring to the ability of a politician with an unassailable reputation among his supporters for staunchly representing and defending their values, to take actions that would draw vicious criticism and fierce opposition if taken by someone without those credentials.
With California’s financial condition in free fall, ultra-union friendly Gov. Jerry Brown demanded public-employee unions cut  compensation by 10 percent.  If the People’s Republic of California is adopting fiscal responsibility, perhaps America can too.

For unions, Jerry Brown has been the governor who always kept on giving.  In 1977, he approved the Dills Act, collective bargaining for California government workers.  Last November, he signed SB 922, protecting “project labor agreements” that force non-union workers to apply for union membership, and pay dues, in order to work on public projects.

While predicting a $9.2 billion budget deficit in January, Brown sought to protect public service union jobs by cajoling private sector retailers to support a voter initiative to raise sales taxes. As state tax revenue had fallen by $4.9 billion in February, Brown focused on raising $630,000 in contributions for his tax increase initiative from unions, Indian tribes and crony capitalists.  As revenue continuing to fall last month, Brown extended union contracts representing tens of thousands of workers that increased the state’s health benefits by 9.5 percent.

Brown’s good-old-boy support for his union brothers and sisters may have come to a screeching halt as California State Controller John Chiang published a devastating April Financial Statement showing monthly income, sales and corporate tax revenue came in 20.2 percent below the governor’s latest projections; and sales tax collections fell by an astounding 61 percent below last year.

Looking closer into the numbers, California missed the national economic recovery.  As U.S. Gross Domestic Product grew by 2.2 percent, California employment grew by only 1.3 percent.  Given that the workforce expands by 1.5 percent annually as more young people begin looking for jobs, this explains why California unemployment rose to 11 percent in March from 10.9 percent in February — as U.S. employment fell to 8 percent.  Chiang ominously stated:

“Without a timely, financeable budget plan, the State will be unable to access the working capital needed to pay its bills later this year.”

This is bureaucratic speak for: We are insolvent, our credit rating should be junk and we will default when we can’t borrow any more money!

Standard & Poor’s, in a new credit report last week, warned that California lawmakers’ resistance to steep cuts in welfare and health care programs is to blame for failure to balance the state budget:

“As the most important month of the year for [income tax] collections, April receipts are not only failing to solve part of the state’s projected problem, they are deepening the estimated budget gap.”

With the state needing to borrow $20 billion in July to finance operations until collecting property payments in mid-December, this is S&P speak for: We will cut your rating.

California rolled over an $8.2 billion deficit from last year’s budget disaster and this year’s growing deficit has forced the state to increase borrow another $7.7 billion.

The state did cut $1.8 billion, or 8 percent, from operations; and school funding was flat this year. But spending on health and human services jumped by a stunning $3.7 billion, or 6.2 percent.

President Richard Nixon had a reputation as the leader of hardcore Republican anti-communists when he announced he was going to improve relations with China by personally visiting the country in 1972.  No Democrat at the time could have absorbed the political blowback of such a spectacular change in America’s foreign policy.  Over the next 40 years, America and China have become each other’s most important trading partners

Just as Richard Nixon was the strongest ally of anti-communists, Jerry Brown has been the strongest ally of public-sector unions.  Chief Executive Magazine’s survey of best and worst states for business ranks California dead last.  According to one CEO:

“The leadership of California has done everything in its power to kill manufacturing jobs in this state. As I stated at our annual meeting, if we could grow our crops in Reno, we’d move our plants tomorrow.”

Given that high taxes and onerous regulatory enforcement were championed by Brown in California and then spread out across the nation, Brown is best positioned to unwind these job killers.  When Jerry Brown told state employee union leaders his next budget would include a 10% cut in state worker compensation, there has been little opposition.  

Perhaps California’s financial distress may require Jerry Brown to be America’s pro-business governor.

(Chriss Street is nationally recognized financial writer. His latest book, “The Third Way,” now is available on  www.amazon.com Read more of Chriss Street and reach him at chrissstreetandcompany.com)

-cw

Tags: Chriss Street, Richard Nixon, Jerry Brown, China, John Chiang






CityWatch
Vol 10 Issue 39
Pub: May 15, 2012

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