Only in the USA could one view the purchase of property by foreigners a sign of recovery. Chinese citizens buing 10% of every home sold in California, and 1/3 luxury homes in California. As China’s economy rises, a group of China’s new rich with abundant cash funds appeared in Southern California, mostly businessmen, taking advantage […]
Gun deaths and injuries have dropped sharply in California, even as the number of guns sold in the state has risen, according to new state data. Dealers sold 600,000 guns in California last year, up from 350,000 in 2002, according to records of sale tallied by the California Attorney General’s office. During that same period, the […]
SEOUL (Reuters) – This month’s rocket launch by reclusive North Korea shows it has likely developed the technology, long suspected in the West, to fire a warhead more than 10,000 km (6,200 miles), South Korean officials said on Sunday, putting the U.S. West Coast in range. North Korea said the December 12 launch put a weather satellite in orbit but critics say […]
( NEWPORT BEACH, Calif.) — A man was arrested Saturday after firing about 50 shots in the parking lot of a Southern California shopping mall, prompting a lockdown of stores crowded with holiday shoppers. Marcos Gurrola, 42, of Garden Grove was taken into custody by bicycle police officers patrolling around the open-air Fashion Island mall […]
In filings with California state regulators, Blue Shield is seeking an average rate increase of 12% for more than 300,000 customers. Consumer advocates say the firm should use its reserves to hold down rates. Health insurer Blue Shield of California wants to raise rates as much as 20% for some individual policyholders, prompting calls for […]
Californians voted for massive tax increases by approving of Proposition 30 in November, the state’s tax revenues declined in November by $806.8 million, or 10.8%. As California residents flee the state, and take their tax dollars with them. California has continued to engage in deficit spending. This has resulted in the state’s budget deficit for […]
Officials at the San Onofre nuclear power plant in California are investigating why they found coolant mixed with oil in their safety equipment. Investigators are now trying to determine if the incident was an act of sabotage by an employee of Arab decent. The Southern California Edison’s San Onofre nuclear power plant has often fallen […]
Big-time global corporate powerhouses and influential Sacramento lobby shops ramp up to privatize California’s roadways. It slipped under the public’s radar, but a couple of years ago, Caltrans formed a unique contract that effectively privatized a major Northern California roadway traversed by millions annually. And now, more privatized highway projects might be approved over the next […]
California Gov. Jerry Brown on Sunday said California would start a tax-increase wave across the nation, but recent history suggests California’s tax increases will only accelerate the number of people who will leave California to other states with better tax climates. When asked whether California was going to start a “tax-increase sweep” across the nation on CNN’s […]
As wholesale gasoline prices set all-time highs, some filling stations run out of fuel and don’t buy more. Others stay open and pass along costs to customers. Skyrocketing gasoline prices caused some local service stations to shut off their pumps Thursday while others shocked customers with overnight price increases of 30 cents or more. California’s […]
