Congratulations Sacramento. You finally got the economic recovery you’ve been asking for.
It’s not as big or fast as you had wished for, but give it time. It should get stronger as we move toward 2014.
Taxes are en vogue these days, and not just at the state level where Gov. Jerry Brown is pushing a sales and income tax ballot measure. Eight California cities already gained general tax increases from their residents in the June elections; several more cities and counties will attempt to follow suit in November.
If the people of California won’t vote to tax Big Tobacco or Big Oil, why does Gov. Jerry Brown think they’ll vote to tax themselves?
On a morning in April, eight representatives of local banks and credit unions walked into the Sacramento Metro Chamber headquarters to discuss the region’s lousy credit situation.
The past few years have seen the biggest social upheaval against the banking industry in this nation’s history, and Capitol Hill lawmakers responded with 848 pages of legislation that liberal critics deride as weak and many conservatives call a job killer.
Jeff Michael, 42, is the director of the Business Forecasting Center at the University of the Pacific.
Parts of the Capital Region are experiencing the hopeful signs of recovery, partly due to the re-emerging health of its eastern neighbors.
While much of the local and national talk around pension reform is directed at public employees, the biggest current changes are occurring in the private sector.
Several years ago, I wrote in these pages about my enthusiasm for the Buy Local campaigns popping up in communities from coast to coast. Cities like Portland and Philadelphia were building support and sales for their hometown businesses and especially for local retail and service firms.
The Federal Reserve calls it Operation Twist, named after the 1961 Chubby Checker hit that sparked gyrating hips in dance halls across America. That was also the first year the Fed embarked on a mission to purchase long-term Treasury notes in an effort to drive down interest rates on long-term loans.