From Global Economic Trend Analysis:
Golf star Phil Mickelson has had enough of California taxes. He totaled up Federal and California state taxes and came up with 62%.
What about sales taxes? Regardless, he has finally had enough of Taxifornia.
Fox News reports Teed off: Golf star Phil Mickelson may bolt California over taxes:
For golf legend Phil Mickelson, the low 60s makes for a great score on the links – and a lousy tax [...]
Is it any wonder that many small and medium sized businesses are moving out of California? In the recent elections, California Voters Sock It To The Rich. As the Wall Street Journal noted, some are promising businesses a better life elsewhere. Being courted must be refreshing but it is important for a company and its owners to have reasonable expectations and to budget for drilling down into California’s rules.
After all, [...]
Genetically modified foods are foods made from genetically modified organisms. A few weeks ago, California voters turned down Proposition 37, which would have required that GMO foods be labeled as such. Chemical companies and processed-food manufacturers heavily — and successfully — backed a campaign opposing the proposition. Nationwide, GMO crops are prevalent and efforts to label GMO foods have yet to get off the ground.
But outside the U.S., you can [...]
October 26, 2012
I’m hearing grumblings through the grapevine that an effort may be underway to steal the election against Proposition 37. So far, these are just rumors, but knowing how these evil corporations trying to defeat the ballot measure really operate, there is NOTHING they won’t do to protect their dirty little (agricultural) secrets. Including stealing the election.
Stealing elections is only really possible in close elections, but that’s exactly where [...]
September 28, 2012
Is the end of Monsanto within reach? It has certainly been a rough couple of weeks for the mega corporation as the real dangers surrounding GMOs are being brought to the attention of consumers on a global scale like never before.
It all started with the monumental Frenchstudy finding a serious link between the consumption of Monsanto’s Roundup-drenched GMOs and massive tumors. Being called the ‘most thorough’ research ever [...]
September 28, 2012
Proposition 37, the GMO labeling bill that’s on the ballot in California, is polling 2-to-1 in favor of passing, the LA Times is now reporting. 61% of registered voters currently support GMO labeling, and only 25% oppose it.
This high support rate is the result of a massive, decentralized grassroots effort involving non-profits, independent news outlets (like Natural News), educators like Jeffrey Smith, activists like Ronnie Cummins, large [...]
Charles B. Warren, a real estate economist and appraiser in Pleasant Hill, California, asks: “In the Los Angeles region, who will be Greece and who Germany” if California voters approve Proposition 31 on the November ballot?
Warren once was a visiting professor at Istanbul Technical University in Turkey. He was referring to the European Union, where solvent Germany has been bailing out the overspending of Greece, Italy and other countries. After [...]
California has some of the toughest antismoking laws in the country — it is illegal, in some places, to smoke in your own apartment — and boasts the second-lowest per capita smokingrate in the 50 states. But for all the disdain toward smoking here, it has been 14 years since California raised its cigarette tax, a tribute to the power of the tobacco industry here and the waning of this state’s [...]
Coca-Cola and Pepsi said Friday they have lowered levels of a chemical in caramel coloring to comply with a California law, but insisted the drinks pose no health risks and recipes will not change.
The move allows the companies to avoid having to label products with a cancer warning due to what the health-conscious west coast state has ruled are high levels of 4-methylimidazole, shown to cause cancer in [...]
It started out benign enough. In November 2008, California voters passed Proposition 1A, which authorized the issuance of $9.95 billion in general obligation bonds to fund the first stage of a high-speed rail link between Los Angeles and San Francisco, with extensions to San Diego and Sacramento. The project would cost $35.7 billion. The federal government would pick up a chunk. And it would be profitable.
High-speed rail works if it [...]
Gov. Jerry Brown on Monday proposed a ballot initiative that would ask Californians to raise taxes on themselves.
Facing huge deficits despite $10 billion in budget cuts last year, California needs new tax dollars in order to avoid catastrophic cuts to schools and government services for the elderly, Governor Brown said.
His plan includes a 1 percent income-tax-rate increase for individuals making more than $250,000 per year, and a 2 percent rate increase for [...]
Building the California high-speed rail system won’t be a free ride. It will require spending money that could otherwise fund education and health care.
Perhaps the most misunderstood aspect of bond financing is that it’s a loan. It must be paid back. When the state borrows, the repayment usually comes from the general fund. While the legislative analyst warns that balancing the state budget in coming years presents daunting fiscal challenges, [...]
California voters are increasingly downcast about the direction of the country, but — like their leaders in Washington — many would rather adhere to party orthodoxy than compromise to address the current economic problems, a new USC Dornsife/Los Angeles Times poll shows.The findings offer little guidance for President Obama, who will unveil a jobs package this week that he hopes to push through a polarized [...]
Gov. Jerry Brown, above at a recent Riverside elementary school event, is sparring with Republicans in the Legislature over changes to the pension system as part of state budget negotiations. [...]