The foreclosure crisis has devastated the California economy and it is far from over. According to Realtytrac.com, over 2million families in the state will have lost their homes by the end of 2012. While it's difficult to calculate the personal and social cost of this economic disaster, the economic devastation is all too clear. According to the Center for Economic and Policy Research, the cost of the housing bubble as a whole is over $8trillion; California's share may be upwards of $1trillion of this. The wealth loss is not confined to individual households, however. The Homeownership Preservation Foundation found that foreclosures impose significant costs on municipal governments as well, which means taxpayers. Sometimes difficult to calculate, these costs are particularly onerous in ...
At a time when local budgets are stretched beyond thin and when furloug...
LEWISTON -- Local police and agents from the federal government raided an East Avenue restaurant Wednesday, which kept it from opening until mid-afternoon. Few details were being released but several people reported seeing armed agents from U.S. Immigrations, Customs and Enforcement, as well as Lewiston police officers at the New China Super Buffet.
... Some local governments require buildings to be registered whe... by local government are secured by a super-priority lien against the property. Historically...
.... Some local governments require buildings to be registered whe... by local government are secured by a super-priority lien against the property. . Historically...
...,requires federal agencies to make Government recordsavailable to the public, subject to ... of Exemption 2renders Exemption 7(E) superfluous and so deprives thatamendment of any effect. See, ... buildings with "first responders," such as local fireand police departments. Brief for Respondent 5...
In his breakout documentary, "Super Size Me," Morgan Spurlock found out what would happen to him if he ate 60 or so fast food burgers in 30 days. Recently, he's been finding out what would happen to him if he made 600 or so sales pitches in a matter of months. He could have asked me, his childhood friend and frequent co- adventurer. I sell insurance to businesses, towns and other local government entities for Wells Fargo Insurance Services. Although my work is more matching the product to the need, not creating a desire for the product, my job title does include the word sales.
Our government should revitalize our economy by shifting more emphasis to local communities and the needs of citizens who live in them. Today, our economy "is one of super-ordination, imbalance, exploitation and domination.
FORTY YEARS ago, wealthy Americans financed the U.S. government mainly through their tax payments. Today wealthy Americans finance the government mainly by lending it money. While foreigners own most of our national debt, over 40 percent is owned by Americans - mostly the very wealthy. This great switch by the super rich - from paying the government taxes to lending the government money - has gone almost unnoticed. But it's critical for understanding the budget predicament we're now in. And for getting out of it.
Foreign direct investment (FDI), as pointed out by Kindleberger, arises when the host country has an investment opportunity that it cannot exploit by itself because it lacks the means or technical know-how, or because of market incompleteness. A multinational corporation (MNC) may be able to exploit such an opportunity because it has the necessary capital, technology, and managerial skills to do so. In this article, the authors describe some stylized facts about expropriation episodes and other lessons learned from the empirical literature on FDI. The authors then summarize some of the main theories attempting to explain the effects of expropriation on investment and growth. Finally, they develop a theory that relates each type of expropriation to political instability and concentration...
..., a foreign investor cannot prevent the government in the host country from changing the environment ... versus the income loss suffered by local workers. A key assumption is that there are no ins... Russia frequently considered introducing a "super profits tax" for foreign oil companies investing i...
GOV. Dannel P. Malloy has a consolidation plan that will damage public accountability without saving money. Worse, it will politicize the state Freedom of Information Commission by giving the governor political control -- he would name the commissioner of the super agency his budget proposes. Under present law, the commission members choose the executive director of the FOI Commission. The purity of the FOI Commission's design in Connecticut is unique and valuable. It is the people's portal to state and local government. It is a model of Yankee ingenuity. It is not an agency devised to aid the media as a special interest, but rather it promises all the people of Connecticut the protection of keeping them informed about what government is doing in general and how public money is spent.
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