I just finished California Crack Up by Joe Matthews and Mark Paul. For me, the book was not quite fulfilling, and it took determination to read the final 30 pages or so. There was some inconsistency. The authors argue that Proposition 13 led to a concentration of power in Sacramento, but only a few . . . → Read More: California Crack Up
The Bureau of Economic Analysis released their second estimate of United States 2010 second quarter Gross Domestic Product today. The revised estimate of 1.6 percent real GDP growth is much lower than the initial estimate of 2.4 percent, but some commentators spoke of this release in favorable terms, as it was higher than pre-release . . . → Read More: United States Gross Domestic Product
The July California jobs report shows continued weakness for the Golden State’s labor markets. Annualized month-on-month job growth declined 0.8 percent. Year-on-year job growth also declined 0.8 percent, and the unemployment rate held at 12.3 percent. The unemployment rate remains almost 300 basis points higher than the United States unemployment rate.
To some . . . → Read More: The July California Jobs Report