• Tag Archives California
  • Only In Cali: New Bill Would Imprison Healthcare Workers For Using Incorrect Pronouns With Patients

    California has a well-earned its reputation for introducing wacky legislation. Jerry Brown’s bill specifically written to regulate cow farts is a personal favorite of ours. For those who missed it the first time around, here is a brief recap of our post entitled “Only In California – Governor Jerry Brown Signs Bill To Regulate Cow Flatulence“:
    In yet another attack on California businesses, yesterday Governor Jerry Brown signed into law a bill (SB 1383) that requires the state to cut methane emissions from dairy cows and other animals by 40% by 2030. According to a statement from Western United Dairymen CEO, Anja Raudabaugh, California’s Air Resources Board wants to regulate animal methane emissions even though it admits there is no known method for achieving the the type of reduction sought by SB 1383.
    “The California Air Resources Board wants to regulate cow emissions, even though its Short-Lived Climate Pollutant (SLCP) reduction strategy acknowledges that there’s no known way to achieve this reduction.“
    Among other things, compliance with the bill will likely require California dairies to install “methane digesters” that convert the organic matter in manure into methane that can then be converted to energy for on-farm or off-farm consumption. The problem, of course, is that methane digesters are expensive and with California producing 20% of the country’s milk we suspect that means that California has just passed another massive “food tax” on the country.

    This post was published at Zero Hedge on Aug 18, 2017.


  • Study Finds Higher Min. Wages Bring Crushing Job Losses For Female And Minority Workers

    Anyone who has a basic understanding of elementary-level arithmetic and some common sense can easily explain why raising the minimum wage is bad for employment levels. In a nutshell, higher labor costs simply improve the payback profile of capital investments in technology thus accelerating job losses.
    We recently shared the following example regarding California’s minimum wage hike from $10 per hour to $15. At $10 per hour and a 10-year payback, employers may be reluctant to invest in new technology. But, at $15 per hour and a 6-years payback, that investment become a no-brainer.

    This post was published at Zero Hedge on Aug 16, 2017.


  • This Picture Of Mike Pence ‘Triggered’ An Entire Campus Of California Private College Kids

    When McKenzie Deutsch posted a picture of herself posing with the Vice President of the United States at the White House she probably didn’t expect to set off a mass ‘triggering’ event at her ritzy Southern California private institution of higher indoctrination, Scripps College, but that’s exactly what happened.
    According to the Daily Caller, Deutsch, a rising junior at Scripps, was an intern this summer in the office of U. S. Representative Cathy McMorris Rodgers (R-WA) and was excited by the opportunity to meet the Vice President. So, after snapping the pic below she posted it to Facebook with the caption: ‘The places you’ll go, the things you’ll see, the people you’ll meet… What a day it was in DC!’

    This post was published at Zero Hedge on Aug 15, 2017.


  • What the Heck’s Going On with Vintage Automobiles?

    The fate of asset bubbles under the new regime.
    Everyone is hoping that next Friday and Saturday, at Sotheby’s auction in Monterey, California, the global asset class of collector cars will finally pull out of their ugly funk that nearly matches that during the Financial Crisis. ‘Hope’ is the right word. Because reality has already curdled. Sotheby’s brims with hope and flair:
    Every August, the collector car world gathers to the Monterey Peninsula to see the magnificent roster of best-of-category and stunning rare automobiles that RM Sotheby’s has to offer. For over 30 years, it has been the pinnacle of collector car auctions and is known for setting new auction benchmarks with outstanding sales results.
    This asset class of beautiful machines – ranging in price from a 1962 Ferrari 250 GTO Berlinetta that sold for $38.1 million in 2014 to classic American muscle cars that can be bought for a few thousand dollars – is in trouble.
    The index for collector car prices in the August report by Hagerty, which specializes in insuring vintage automobiles, fell 1.0 point to 157.42. The index is now down 8% year-over-year, and down 15%, or 28.4 points, from its all-time high in August 2015 (186).
    Unlike stock market indices, the Hagerty Market Index is adjusted for inflation via the Consumer Price Index. So these are ‘real’ changes in price levels.

    This post was published at Wolf Street on Aug 15, 2017.


  • PEDIATRICIANS IN FLORIDA REFUSE TO SEE UN-VACCINATED KIDS

    Some Florida parents got a bit of a surprise when they were kicked out of pediatric firms for having unvaccinated children.
    Even though the decision to not vaccinate is growing among those who read the vaccine inserts and familiarize themselves with the potential side effects, doctors want all children forcibly injected because they make more money if their patients vaccinate. It’s not a secret that the vaccine manufacturers dumped big money into California lawmakers pockets just before mandating all children get all the recommended vaccines. But safety and health come second to a pocket full of money.
    ‘We want everyone vaccinated and caught up with the CDC schedule by age of 2,’ said Dr. Thomas Connolly, a pediatrician with the Carithers Pediatric Group. Connolly said he strongly encourages all of his patients to get vaccinated. ‘It’s nothing personal against you as a person, I respect your decision that is your decision, but my medical decision and my background and my belief is I want the child vaccinated to maximize their defense,’ Connolly said. In other words, he wants to make sure you pump your child with known toxins so he can continue to make money.

    This post was published at The Daily Sheeple on AUGUST 15, 2017.


  • Social Media Teaches Neo-Nazis – And Everyone Else – An Important Lesson

    The white supremacists who descended on Charlottesville, VA last weekend seem to have forgotten why their grandpappies wore hoods on such occasions: If regular folks find out you’re crazy, they tend not to like you as much.
    Combine those exposed neo-Nazi faces with ubiquitous smart phones and the result is the mass-outing of hundreds of people who apparently expected to eulogize Confederate icons and threaten minorities with impunity.
    Some of the resulting press coverage:
    White nationalists are being outed on Twitter – and one lost his job
    (NY Post) – White nationalists who appeared at the deadly demonstrations in Charlottesville are being outed on social media – with at least one being fired from his job after his name and picture was posted online.
    Cole White, of California, was axed from his restaurant position in Berkeley on Sunday just hours after being publicly identified by a Twitter account known as ‘Yes, You’re Racist.’
    The page has been putting ‘Unite the Right’ protesters on blast following their violent, hate-fueled rallies in Charlottesville, Virginia, on Friday night and Saturday.

    This post was published at DollarCollapse on AUGUST 15, 2017.


  • U.S. Restaurant Industry Stuck In Worst Collapse Since 2009

    Shortly after we reported that the “restaurant industry hasn’t reported a positive month since February 2016“, we can add one more month to the running total: according to the latest update from Black Box Intelligence’s TDn2K research, in July both same-store sales and foot traffic declined once again, and this time the slide was more pronounced, tumbling by -2.8% and -4.7% compared to declines of “only” -1% and -3% in June, respectively, in the process extending the stretch of year-over-year declines for the US restaurant industry to 17 consecutive months – the longest stretch since the financial crisis.
    ***
    Sales rose in only 12 markets while declining in 183 with the Midwest – the worst region in the US – suffering a 3.6% and 5.2% decline in sales and traffic respectively, while even the best region, California”, posted a decline in both sales (-0.7%) and traffic (-3.6%).

    This post was published at Zero Hedge on Aug 15, 2017.


  • How Insane Home Prices in Silicon Valley & San Francisco Trip up Jobs Growth

    Bay Area housing affordability nightmare hits home, so to speak.
    What happens in a large urban market when a young couple with a household income that is far above median cannot afford to buy even a modest home? What happens to that local economy? That’s what everyone wants to know, because this is precisely the fate San Francisco, Silicon Valley, and surrounding Bay Area counties are contemplating.
    The Housing Affordability Index (HAI), released by the California Association of Realtors (CAR), has some bad news for these people – and possibly for the trends in the local economy and the housing market.
    The median price – 50% cost more, 50% cost less – in San Francisco of a single-family house hit $1.45 million in Q2, according to CAR. This does not include condos, whose prices are somewhat less deadly. It puts San Francisco in second place in the Bay Area, behind San Mateo County, which comprises the northern part of Silicon Valley. Santa Clara County, in fourth place, comprises the southern part of Silicon Valley. In third place is Marin County, just north of the Golden Gate Bridge:

    This post was published at Wolf Street on Aug 14, 2017.


  • Worst Restaurant Recession since 2009 Digs Inflation

    Households at lower 80% of income scale are maxed out. ‘July proved to be a tough month for chain restaurants,’ the report said.
    Foot traffic at chain restaurants fell 4.7% in July year-over-year. Same-store sales fell 2.8%, the 17th month in a row of year-over-year declines, the longest downturn since 2009.
    On a two-year basis, same-store sales fell 4.2% from July 2015, and traffic fell 8.7%.
    Sales rose in only 12 markets and fell in 183 markets. California was once again the least bad region, with same-store sales down 0.7% and foot traffic down 3.6%. In other words, no region had positive results. The Midwest was the ‘worst region’ with sales down 3.6% and foot traffic down 5.2%.
    ‘While the economy keeps growing at a moderate pace and job gains remain strong, the consumer seems to be on vacation – literally and figuratively,’ said the report by TDn2K whose Restaurant Industry Snapshot tracks sales at 27,000 restaurant units from 155 brands, generating $67 billion in annual revenue. That’s about 10% of total ‘eating and drinking places’ revenues as tracked by the Commerce Department. The report added:
    ‘One of the clearest indicators that households are spending cautiously is the softening of big-ticket purchases. In July, for the eleventh month out of the last twelve, vehicle sales were below the rate posted the year before. Home sales, while still trending up, are now expanding at a decelerating pace.’

    This post was published at Wolf Street on Aug 14, 2017.


  • Agricultural Work Visas Soar As Farmers Struggle With Labor Shortages Amid Immigration Crackdown

    Ask any farmer in California what keeps them up at night and we would guess that nearly all of them would list ‘labor shortages’ and ‘water access’ as their top two concerns. Ironically, despite over 90 million American citizens choosing to sit out of the labor force and California having one of the highest minimum wage rates in the country, farmers in the Golden State struggle every year to find enough labor to keep fruits and vegetables from literally rotting on the vine.
    Meanwhile, as the new administration promises to crack down on illegal immigrants, farmers are feeling the labor shortages in 2017 more than ever. As the Wall Street Journal notes today, many farmers have turned to the H-2A agricultural visa program to recruit temporary workers from Mexico but the process is generally described as “bureaucratic, costly and time-consuming.”

    This post was published at Zero Hedge on Aug 8, 2017.


  • California Voter Fraud – 11 Countries Posted Votes in Excess of their Population

    Judicial Watch has filed a letter of intent that reflects a very serious problem in California voting. Eleven California posted more votes for Hillary than the population. We are looking at massive voter fraud in California that could serious rock the nation when we consider that if we eliminate California, Trump won the majority of the vote everywhere else. This is not about supporting Trump. That is long since done. This is about going forward. Can any election be trusted any more?

    This post was published at Armstrong Economics on Aug 8, 2017.


  • The United States Of Unicorns

    The United States is home to 105 unicorn companies valued at $1B+.
    As of 7/25/2017, CBInsights.com reports that six private US companies are worth over $10B. The two most valuable unicorns in the US are Uber ($68B) and Airbnb ($29.3B). Palantir Technologies and WeWork, both valued at $20B, are tied for third.
    Of the top four highest valued, only WeWork (which is based in NYC) is headquartered outside California.
    California has the highest unicorn ‘population’ of any US state by far, with 62 billion-dollar startups inside its borders. New York ranks second with 15, followed by Massachusetts and Illinois with five each. Eight other states and the District of Columbia are also home to at least one company worth $1B+.

    This post was published at Zero Hedge on Aug 6, 2017.


  • A Cannabis Company Just Bought A Whole California Town

    Authored by Carey Wedler via TheAntiMedia.org,
    As cannabis grows increasingly acceptable in society and more states legalize it, everything from cannabis churches and resorts to yoga and restaurants are cropping up. And now, there will be an entire cannabis-inspired town.
    American Green is a cannabis company based in Arizona, but they just bought the small California town of Nipton, located in San Bernardino County, and plan to convert into a municipality with a cannabis theme.

    This post was published at Zero Hedge on Aug 4, 2017.


  • The growing underclass of the Orange County Bubble: You need to earn an hourly wage of $28 to afford a basic one-bedroom apartment but 68 percent of OC jobs pay less than that amount.

    You have to love the Orange County bubble. It is fitting that Disneyland is in Anaheim and actually has some of the poorest households in the entire county. You have a world of Princesses and fantasy and right in the same city you have topless dancing fulfilling a fantasy of a different sort. You have cities like Irvine where most of the new homes are selling to investors or foreign buyers. It is an interesting county. Yet a new report continues to show that California is no place for the middle class. The report also found that Millennials are leaving the area while Taco Tuesday baby boomers and older folks are the only cohort actually expected to grow in proportion relative to other age groups over the next 25 years. It is also no surprise that plastic surgery and expensive leased cars dominate the crowded streets. Unlike L. A. County that understands that there is a large struggling class of people Orange County seems to be in a fog when it comes to the deeper realities.
    The growing underclass of Orange County
    So let us look at some challenging trends:
    ‘(OC Register) – To afford a median-priced, one-bedroom rental unit, an hourly wage of $27.62 is needed. Yet 68 percent of Orange County jobs pay below that.
    – Orange County’s cost of living is almost double the U. S. average (87% higher). Housing costs are 356% higher than the national average.
    – Residents 65 and older are the only group projected to grow proportionate to other age groups in the next 25 years.
    – 48 percent of children are not developmentally ready for kindergarten
    – Nearly 60,000 households are on waiting lists for government rental assistance.
    Michael Ruane, an affordable housing executive who was the county’s project director on its first indicators report 17 years ago, said the data show ‘there are two Orange Counties.’
    ‘What’s striking is the enormous variation. You have poverty in a prosperous region. You have a knowledge economy with high wages, and a tourism economy with lower wages.’

    This post was published at Doctor Housing Bubble on July 31st, 2017.


  • Frustrated California Conservatives Are Moving To Texas

    Some frustrated California conservatives have finally found a solution for the bad schools, creeping crime and outrageously high taxes fostered by the liberal politicians who dominate the state’s legislature and executive branch.
    It’s called ‘moving to Texas.’
    Fox News reports that some conservative Californians who’re tired of ‘high taxes on everything from your home to your plastic bags,’ ‘violent crime that may be seeping into…seemingly idyllic neighborhoods,’ and ‘subpar public schools’ have found refuge in the Lone Star state, with many Sunshine state expats clustering in the suburbs near Dallas. The cable network spoke with Paul Chabot, a 43-year-old native of Southern California, who twice ran for Congress as the Republican candidate in the state’s 31st Congressional district.

    This post was published at Zero Hedge on Jul 31, 2017.


  • With The Drought Over, “Gold Fever” Grips California

    The heavy rains that pummeled California this year ended the state’s historic drought in spectacular fashion, saving the state’s farming and tourism industries from an uncertain future. But the return of rainfall has had other less obvious economic ramifications, including, as the Los Angeles Times reports, the revival of an activity that’s been associated with the state for more than 150 years: Prospecting for gold.
    Thanks to the rain, the yellow metal is once again being found in the state’s riverbeds for the first time since a judge’s controversial ruling prohibited the use of pumps and other equipment that were once required to extract gold from the state’s rivers.
    ***
    And now that word has spread, the possibility of discovering immense riches underfoot is inspiring entrepreneurial Californians of a variety of ages and backgrounds to venture to the state’s rivers and creeks in search of the shiny yellow metal, sometimes equipped with little more than a pan, as they hope to collect gold fragments buried in the muck under the water, according to the LAT.

    This post was published at Zero Hedge on Jul 30, 2017.


  • California Moves One Step Closer To Declaring Independence From US Government

    After a bid to launch a California secession movement failed in April, a more moderate ballot measure has been approved, and its backers now have 180 days to attain nearly 600,000 signatures in order to put it up to vote in the 2018 election.
    The Yes California movement advocated full-on secession from the rest of the country, and it gained steam after Donald Trump won the presidential election in 2016. However, as the Sacramento Bee noted, that attempt failed to gather the signatures needed and further floundered after it was accused of having ties to Russia.
    But as the Los Angeles Times reported this week:
    ‘On Tuesday afternoon, Atty. Gen. Xavier Becerra’s office released an official title and summary for the initiative, now called the ‘California Autonomy From Federal Government’ initiative.’

    This post was published at Zero Hedge on Jul 29, 2017.


  • Southern California Median Home Price Doubles In Five Years

    Submitted by Jeff Paul

    The US government likes to pretend that the rising cost of living is under control. People in Southern California know better. According to a new report in the Los Angeles Times, median house prices in Southern California have doubled in the last five years.
    LA Times reports:
    In many corners of Southern California, home prices have hit record highs. And they keep going up. In Los Angeles County, the median price in June jumped 7.4% from a year earlier to $569,000, surpassing the previous record set in May. In Orange County, the median was up 6.1% from 2016 and tied a record reached the previous month at $695,000.

    This post was published at Zero Hedge on Jul 29, 2017.


  • First, Suck In Unqualified People….

    …..then, once you’ve got a campus full of people who can’t function at the level expected of someone with a college education
    The chancellor of the California Community Colleges system says intermediate algebra should no longer be required to earn an associate degree – unless students are in the fields of science, technology, engineering or math.
    Thank you very much for telling me that nobody who earns an alleged Degree has anything at all of value.
    The solution to high failure rates is to tighten up admission requirements.
    The reason you have the problem in the first place is that you let a bunch of people in who couldn’t function at that level. Now you wish to “legitimate” it.

    This post was published at Market-Ticker on 2017-07-27.


  • Bubble 2.0: Home Sellers In Q2 2017 Reap Highest Average Price Gains In A Decade

    ATTOM Data Solutions released its Q2 2017 U. S. Home Sales Report, which shows that homeowners who sold in 2Q 2017 realized an average price gain of $51,000 since purchase. To put that in perspective, that is the highest average price gain for home sellers since Q2 2007, when it was $57,000 and the U. S. was in the midst of the biggest residential real estate bubble in history. Moreover, that average gain of $51,000 in Q2 2017 represented an average return of 26% on the original purchase price of the home, the highest average home seller return since Q3 2007, when it was 27%.
    Here’s a great chart from ATTOM that breaks down the results by metro area. Not surprisingly, several northern California and Florida markets logged some of the biggest gains.

    This post was published at Zero Hedge on Jul 27, 2017.