Remember that part in "True Lies" where Harry Tasker, as played by Arnold Schwarzenegger, tells his family he's leaving for a technology conference in Europe? Later in the movie, his wife is talking to a friend, explaining how talk of the tech business is incredibly boring. Yet the audience knows that Harry Tasker is no businessman, but is actually the world's number-one spy. Well, California's number-one executive just went to Europe for a business conference, too... or did he?!
Yes, he did.
Theleast-surprising news of the past week: Despite months -- or was it years? -- ofblood, sweat, arm-twisting and deal-cutting that led to February's budget dealto seal what was then a $42 billion gap, a new deficit has popped up.
That'saccording to a report by the nonpartisan state LegislativeAnalysts Office released Friday.
"48 Hours." "Princess Diaries." "Mrs. Doubtfire." These are just a few of the megahit movies that took place in San Francisco proper. Is San Francisco positioned to become the next Hollywood?
Just wheneverything seemed to be going so well, the budget legislative analyst'soffice had to puncture our little balloon of joy. Well, not joy, unlessone's overjoyed at tax increases and spending cuts, but hey, at leastsomething was punctured.
Open primary advocates posit that an open primary could produce more moderate candidates. But why would we want that? California's value at least partially lies in its ability to innovate, experiment, and grow from its progressive, extreme heritage. Not political extremism or religious extremism, but California's tendency to be at the edge of issues, for better and worse. California's national role is tied to this edgy state-identity, which would all be mournfully lost if an open primary pushed the state to be more moderate.
Don't believe the naysayers who pooh-pooh the idea that the The Homeowner Affordability and Stability Plan will only help a small fraction of California homeowners: the data on that is not even readily available. However, the median home price in California a year ago was under $600,000.
Let me pose a thought experiment to you: Suppose you are atravelling salesman and you knock on someone's door expecting to sell them woolsocks. This person, upon seeing your socks, joyfully invites you into theirhome and pays you handsomely for the socks. Still, you decide to mix it up alittle bit before next year, so you show up at their door waving cotton socks.They slam the door in your face, claiming they're allergic to cotton. Now, theyear is up, and you have another opportunity to sell them socks. Are you goingto try to sell them wool or cotton?
Friday, March 6 marked the last mandatory furlough day for tens of thousands of state workers in California, according to the Sacramento Bee and MarketWatch. Now, the next time Californians walk into a state office, such as the DMV, on a Friday, it most likely will not be closed.
As if the depressing business of paying for the federal stimulus package weren'tenough, California residents can now look forward to not even gettingthe share they needed to avoid paying more to the state.
Recently speaking with my father, the topic of California's unemployment came up. Trying to estimate the number of unemployed (this was before the official statistics came out), he used this formula: say there are about 30 million residents of California. Approximate that about 20 million are of the working age (18-65), and of those, say that about 15 million choose to work. If the unemployment rate is at 10%, this should equate to somewhere around 1.5 million unemployed.