California’s Budget Battle in 2009 was nasty. This coming year, expect even more drama. Oh…and expect drama for the next decade too. IOU’s? Bank on it. More State Employee Layoffs? It’s in the bag. More School Cuts? You Bet. Legalized Marijuana? The talk with get much more serious in the next year or two. Bankruptcy? [...]

Sacramento’s skies have always been busy.  In past years, air force bases ruled as well as the Executive Airport.  While we no longer enjoy sonic booms and military jets screaming across the skies, we do lay claim to the Sacramento International Airport.  As with all airports, they easily get outdated and Sacramento’s airport is no [...]

Public Employee Pension Funds will need to cut benefits in the near future. They are bleeding billions of dollars and are left with few options other than doubling-down commercial real estate and other bad bets that they’ve already made. Make no mistake, pension funds are throwing a “hail-mary” passes to avoid either a taxpayer bailout [...]

California’s Budget is only 10 weeks old and revenue is already more than $1 Billion short. This should come as a surprise to no one. California’s Budget was passed with smoke-and-mirrors financing and overly optimistic projections. Without huge federal aid, expect much more pain to come for state employees and those that depend on Government [...]

Can “Family Guy” win best comedy? – CNN The Future of Global Finance – The New York Times Senator Dodd Pushing Bill To End Overdrafts – Clusterstock The Euro: why Britain is still better off out – Telegraph, Ambrose Evans-Pritchard California Must Go Bankrupt – MarketWatch, John Dvorak I was alarmed visiting the once-bustling 4th [...]