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Showing posts with label california. Show all posts
Showing posts with label california. Show all posts
Saturday, April 6, 2013
Friday, September 14, 2012
Oh Zee's Words of Wisdom: Help Solve Stockton, Mayor needs the Help!
Oh Zee's Words of Wisdom: Help Solve Stockton, Mayor needs the Help!: Submitted by Linda Park , Community Web Producer STOCKTON, CA - Disheartening topics about Stockton run as regular headlines on the morni...
EVERYONE NEEDS ONE OF THESE...
EVERYONE NEEDS ONE OF THESE...
Sunday, September 9, 2012
Friday, September 7, 2012
STOCKTON RECORD: Four More years being ignored?
By Michael Fitzgerald
Record Columnist
September 07, 2012 12:00 AM
Democrats concluded their three-day lovefest for President Barack Obama on Thursday night. The applause sign is not blinking over Stockton. What has Obama done for Stockton?
For four years, Obama has neglected the San Joaquin Valley by failing to deliver help that cities such as Stockton need the most, a fix to the foreclosure crisis.
"It's like we're out in no-man's land sometimes," lamented Mayor Ann Johnston.
Uncle Sam found other ways to help Stockton. Substantial ways. But housing remains the Big Enchilada, and Obama never even popped that one into the oven.
"I would have hoped that Congress would have taken action to force the banks early on to help refinance mortgages," Johnston said. "To do whatever they could to keep people in their homes so we would not have had this wave of foreclosures."
Instead of taking bold, sweeping measures, Obama fiddled with foreclosures.
"I think they totally missed the boat on that," Johnston said.
"President Obama poured vast amounts of money into efforts to stabilize the financial system, rescue the auto industry and revive the economy," the New York Times recently wrote. "But he tried to finesse the cleanup of the housing crash. ... "
And it didn't work.
We are in a crucial time here in the Central Valley, and "the house leaders" who are the politicians we vote in. So everything in Stockton, stems from the poorly managed idea of serving the public. Vote Anthony Silva for Mayor, and help us remove these evildoers from civic duty.
Wednesday, July 18, 2012
“Stockton Syndrome” Discussed in Absolute Wealth’s “The Gorrie Details”
Austin, TX (PRWEB) July 16, 2012
Absolute Wealth’s most recent daily editorial column from Managing Editor James R. Gorrie has a fresh and interesting perspective on the dire financial situations of several California cities. “The Gorrie Details” investigates the recent announcement of San Bernardino declaring bankruptcy, and analyzes the causes that led up to the news.
The repetitive poor decisions made by city governments are explained by Gorrie, who says “When it comes to financial resources, there is the constant tension between economics and politics. Too often, political gain wins out over economic prudence.”
Using a real-life analogy from vacationing with his family, Gorrie takes a seemingly innocent dinner and turns it into a periscope through which the economic situation can be viewed. The outcome mirrors the exact conundrum facing California.
Politics trumping economics: a common thread in the unfortunate financial environment, and an all-too-common theme in Absolute Wealth articles.
Gorrie’s thought-provoking articles on economic issues help to inform people of their financial options, or lack thereof, as a result of the big, impactful happenings in the private and public sectors.
James R. Gorrie has more than eighteen years of financial advisory experience. He holds a BA in economics, and attained doctoral candidacy in international relations and comparative politics, with an area specialty in international political economy. Gorrie writes daily articles on current macroeconomic and investment topics, Special Reports, and analyses on geopolitical events around the world that affect the market.
Absolute Wealth is an expert team of real investors and advisors devoted to identifying winning strategies for exceptional returns. Members subscribe to the company’s Independent Wealth Alliance for professional investment analysis and recommendations on the latest market trends and progressions.
Engagement and commenting is encouraged on all of Absolute Wealth’s social media outlets, including YouTube, Twitter, and Facebook. For more information and subscription instructions, visit AbsoluteWealth.com.
For the original version on PRWeb visit: http://www.prweb.com/releases/prwebAbsolute_Wealth/the_gorrie_details/prweb9698995.htm
Monday, July 16, 2012
More CA Cities are Going Belly Up
By The Record
July 15, 2012 12:00 AM
And then there were three. First Stockton. Then Mammoth Lakes. Now San Bernardino. Three California cities. All unable to pay their bills. All in bankruptcy court or about to be there.
Not since 2008, when Vallejo filed, has a California city filed for bankruptcy protection. Now in the span of 15 days three have.
Like Stockton, San Bernardino's woes stem from too much exuberance during the boom years when the state's Inland Empire was on a roll and San Joaquin County became what amounts to a bedroom community for the Bay Area. Big projects. Big pensions. Big pay. (Mammoth Lakes' financial problems stem from a multimillion dollar court judgment the city says it can't pay.)
When the boom ended - as they always do - there were big problems. The river of revenue became a stream, then a creek and now a trickle.
"We have an immediate cash flow issue," San Bernardino Interim City Manager Andrea Miller told Mayor Patrick Morris and the seven-member City Council last week.
At 210,000 residents, San Bernardino is smaller than Stockton, but it faces a bigger deficit. It has a budget shortfall of $45.8 million compared with Stockton's $26 million deficit. San Bernardino has stopped paying some vendors. Stockton stopped making bond payments. San Bernardino officials said they may not be able to make payroll over the next three months. Stockton adopted a "pendency plan," a kind of day-to-day budget so it could pay its bills as bankruptcy plays out.
Likely these California cities will not be the last to take the drastic step of bankruptcy. Cities and counties throughout the nation are facing financial stress. In Scranton, Penn., the mayor has defied a court order and slashed all city workers' pay to the federal minimum wage of $7.25 per hour. He faces a contempt of court charge but said he has no choice. Scranton is out of money.
Since Congress added Chapter 9 to the bankruptcy code in 1937 to allow municipalities to seek protection, about 640 government entities have filed.
We probably will see more the next few months. What's different this time is the size of the cities in trouble. Stockton is the largest city in U.S. history to ever file. San Bernardino is the second largest.
Bankruptcy is an ugly, unpredictable and ultimately expensive choice. But as Stockton determined and San Bernardino decided, it was the only choice left.
Wednesday, June 27, 2012
Tuesday, June 12, 2012
Oh Zee's Words of Wisdom: CA: Pushing welfare recipients to work
Oh Zee's Words of Wisdom: CA: Pushing welfare recipients to work: LOS ANGELES (AP) — Gov. Jerry Brown wants to shift the safety net protecting California's most vulnerable residents pressured by a $16 bil...
Sunday, June 10, 2012
Oh Zee's Words of Wisdom: "They" Have all of us confident, but weary!
Oh Zee's Words of Wisdom: "They" Have all of us confident, but weary!: Ron Paul and Mitt and Mitt Romney will be splitting california's delegates. Each picking up 53 delegates. So Let's Review the total count...
Thursday, May 17, 2012
Saturday, April 21, 2012
Wednesday, April 18, 2012
Oh Zee's Words of Wisdom: ALAN WATT: A Brief Debriefing on Reality
Oh Zee's Words of Wisdom: ALAN WATT: A Brief Debriefing on Reality: Alan Watt Speaks Some Truth about Reality. He is one of the sharpest minds on the planet, among the greats, einstein, chopra, jobs and ha...
Monday, April 16, 2012
Oh Zee's Words of Wisdom: IN CASE YOU MISSED IT: COLORADO GOP DELEGATES FORM...
Oh Zee's Words of Wisdom: IN CASE YOU MISSED IT: COLORADO GOP DELEGATES FORM...: ‘CONSERVATIVE UNITY SLATE’ OF PAUL-SANTORUM SUPPORTERS DEMANDS VOICE AHEAD OF, AND AT, TAMPA LAKE JACKSON, Texas – Colorado supporters ...
Wednesday, March 28, 2012
Oh Zee's Words of Wisdom: RON PAUL FIRST GOP CANDIDATE TO APPEAR ON BALLOT I...
Oh Zee's Words of Wisdom: RON PAUL FIRST GOP CANDIDATE TO APPEAR ON BALLOT I...: “BEING FIRST TO APPEAR ON THE BALLOT IN ALL FIFTY STATES PROVES THAT RON PAUL IS THE ONLY CANDIDATE WITH THE ORGANIZATIONAL MUSCLE, RESOURCE...
Tuesday, March 27, 2012
Oh Zee's Words of Wisdom: Gov. Brown's tax-the-rich pitch looks like a winne...
Oh Zee's Words of Wisdom: Gov. Brown's tax-the-rich pitch looks like a winne...: — Paul Whitefield Photo: Gov. Jerry Brown speaks at a news conference at a Boeing plant in Long Beach. Credit: Brian van der Brug / Los...
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