California

Hot Links: Bizarro FDIC

Stuff I’m Reading this Morning… Dollar down, stocks and commodities _____?  Yeah, yeah, you know the rest.  (Bloomberg) Story of the Day: Bizarro FDIC to borrow money from…The Banks!  (NYT) This was fascinating:  World economies and where we are on the productivity curve.  (Clusterstock) Maryland is the most moneymaking state in the US.  (CNNMoney) John…

Hot Links: The Marshmallow Test

Stuff I’m Reading this Morning… A new blog takes a look at how profitable vs unprofitable IPOs fare in the stock market.  (TechFlash) Green Shoots!  The return of tech M&A…here’s a list of all the recent deals.  (GigaOM) Signs in exports, tourism and even housing that California could be turning.  (LAT) S&P says corporate stock…

Skimping On Our Patriotism This July 4th

[youtube=http://www.youtube.com/watch?v=PWzUumHhcGg] (The NYC Fireworks Display of 2007…in better times) July 4th has always been and will always be my favorite holiday.  It combines my favorite things in the world:  American pride, BBQ, warm and sunny weather, a day off from work and loud noises/ flashing lights. Unfortunately, this year there will be considerably less oohing…

The Reformed Broker Saves California

So the state of California has until the end of July to stave off bankruptcy.  They have a projected budget deficit of $24 billion! Governor Arnold Schwarzenegger, who ran for office with the intention of fixing the state’s fiscal woes, has presided over a 40% expansion of government spending.  Oopsies! At this juncture, Cali needs…

Arnie's Choice

Here’s another bad economic joke that’s not really a joke… Governor Arnold Schwarzenegger: The economy in Kalee-Fornee-A is so bad… Audience: “How Bad Is It?” Arnold: It’s so bad that I announced last night that I had to either lay off 51,000 teachers or release 40,000 prisoners to balance the budget. From Bloomberg: California’s budget…