Independent thinking for complex markets and current events
The financial guru who correctly predicted the disastrous Lehman Brothers collapse in 2008 offered a dismal outlook on the future of California. Robert Kiyosaki, the author of Rich Dad Poor Dad, is known for making hyperbolic predictions about the US economy – and this time he has a grim prognosis for the most populous state …
A California dad has been granted full custody of his now four-year-old son after the boy’s mother tried to raise him non-binary and forced him to wear dresses and make up. Harrison Tinsley announced his victory in the years-long legal battle with his ex-girlfriend to gain full custody of his son, Sawyer, in an update on his online fundraiser …
July 30 (Reuters) – The largest wildfire in the U.S. swelled to nearly 600 square miles on Tuesday morning, bigger than the city of Los Angeles, fire officials in California said, as thousands of firefighters battled the blaze in a wilderness area north of Sacramento. More than 5,000 firefighters from across California and other states …
86 large wildfires this year where 300 or more acres were burned 532% compared to five-year avg of large wildfires year-to-date 698,074 acres burned this year from local, state and federal wildfires 476% compared to five-year avg of acres burned year-to-date https://calmatters.org/california-wildfire-map-tracker/ California wildfire is consuming 5,000 acres/hour. A raging inferno whipped by winds, California’s …
California’s largest wildfire of the year has burned an area larger than the size of the city of Phoenix, destroyed dozens of buildings and forced thousands of residents to flee their homes as wildfires wreak havoc in the Western United States. Meanwhile, homes and businesses in a popular Canadian resort town were incinerated as a …
Three years ago, when Australian politicians took on the titans of Big Tech — crafting legislation to force Google and Facebook to pay for news articles they share on their sites — Google threatened to pull out of the country. If the News Media Bargaining Code became law, Google Australia Managing Director Mel Silva said …
Here are the key points: Q2 Earnings: Banc of California reported Q2 earnings of $0.10 per share, missing the estimated $0.19 per share. Year-Over-Year Comparison: Last year, the earnings were $0.32 per share, indicating a significant drop. Earnings Decline: The earnings have indeed crashed by 47.37%. Consistent Misses: The bank has failed to meet EPS …
by Michael What in the world has been happening in Rancho Palos Verdes? When I heard that the land was “moving” there, it immediately got my attention, because I have been warning about geological instability along the California coast for more than a decade. What is taking place has been described as an ongoing “landslide”, but that …
The state will take away your kids in California https://t.co/1dCMGY6Gvn — Elon Musk (@elonmusk) July 16, 2024 The governor of California just signed a bill causing massive destruction of parental rights and putting children at risk for permanent damage. Important to read this: https://t.co/6GNnEurZ3v — Elon Musk (@elonmusk) July 16, 2024
Allstate is seeking an increase in its California homeowners insurance premiums by an average of 34%. According to the California Department of Insurance, the Allstate homeowners filing was received by the Department on April 14, 2023. The initial rate request was 39.6%. Consumer Watchdog petitioned to intervene in July 2023. In January of this year, …
“A turkey sub for under $10? It’s now $11.15. While customers are still coming in, he’s seeing them cut back – no drinks, no chips, no dessert. Since their core business is lunch, Chacon has been reducing staffing in the mornings and evenings. He’s also cut a few part-time employees, going from 165 total to …
LGBTQ activists speak out against SB1414, a California bill which would make it a felony to purchase children for s*x. They claim it will affect LGBTQ people more. When they tell you who they are, believe them. pic.twitter.com/q5PKqebImt — Libs of TikTok (@libsoftiktok) July 8, 2024 h/t dr0id
Hollywood stars aren’t the only celebrities who live in the hills around Los Angeles — Southern California’s mountain lions also make their homes there and are sometimes almost as famous. The animal, also known as a puma or a cougar, is the region’s apex predator, and spotting them is something of a hobby for locals. …
SACRAMENTO, Calif.—A bill that was originally introduced to make soliciting a child for sex a felony underwent additional changes in the Assembly’s Public Safety Committee July 2. At issue is Senate Bill 1414, authored by Republican Sen. Shannon Grove, which “aims to increase penalties for those who purchase children for sex,” her office said in …
Crime has gotten so bad in California that delivery drivers now have armed guards: pic.twitter.com/Mh9yso33cW — End Wokeness (@EndWokeness) July 3, 2024
SACRAMENTO, Calif. — Beginning Monday, a California law will require credit card networks like Visa and Mastercard to provide banks with special retail codes that can be assigned to gun stores in order to track their sales. But new laws will do the exact opposite in Georgia, Iowa, Tennessee and Wyoming by banning the use …
There was an incident in California where a man was detained and cited for eating a sandwich while waiting for a train. The incident occurred at the Bay Area Rapid Transit (BART) Pleasant Hill platform. The man, identified as Steve Foster, was confronted by a transit officer named D. McCormick. Foster’s video of the encounter …
State Farm General is seeking to dramatically increase residential insurance rates for millions of Californians, a move that would deepen the state’s ongoing crisis over housing coverage. In two filings with the state’s Department of Insurance on Thursday signaling financial trouble for the insurance giant, State Farm disclosed it is seeking a 30% rate increase …
Over the same period, the US has gained tech jobs (albeit at a much slower rate), thus growth in non-California tech employment has outweighed all the losses within the Golden State But that means in most subsectors California's share of US tech jobs has now fallen dramatically pic.twitter.com/pZACFn1Rhu — Joey Politano 🏳️🌈 (@JosephPolitano) June 25, …
Unintended Consequences: The amount of plastic bags Californians threw away increased by approximately 50% since the ban became law. Now, California lawmakers are eyeing stricter bans to address the problems that the original ban may have created n 2014, then-California Gov. Jerry Brown announced that his state would be the first in the nation to …
by confoundedinterest17 Where the jobs aren’t! Calfironia under Gavin Newsom and their Marxist elected officials. Based on the most recent release of the early benchmarks, payroll jobs declined by 32,000 from September 2023 through December 2023. On the contrary, the preliminary monthly reports showed a solid increase in job growth (+117,000 jobs) at the time. With the fourth quarter revision, calendar year …
In an alarming trend between 2020 and 2022, California witnessed a dramatic population decline, with a staggering 700,000 residents fleeing the state. This mass exodus, primarily to Texas, marks the largest state-to-state migration in U.S. history, as reported by U.S. Census data. Over the past decade, the Golden State saw 8.5 million people relocate elsewhere, …
California’s Share of Unemployed: California currently accounts for approximately 20% of the nation’s jobless claims, which is significantly higher than its 11% share of the labor force population. This indicates that a disproportionate number of unemployment claims are coming from California. California in a jam after borrowing billions to pay unemployment benefits "…20% of the unemployed happen to live in …
Check out the article about how California has 6 of the 10 counties nationwide with the highest risks of home-price declines. California’s high-risk counties are less-populated regions to the north. Their prices may have been pushed out of economic balance by remote workers seeking cheaper homes to live in away from the Bay Area job hubs. San …
A California-based millennial earning six figures says he’d need to triple his income to feel “rich.” High home prices, the costs of surrogacy, and student debt have made his income feel insufficient. He shared why he’s hesitant to leave Santa Monica despite its expensive housing market. If Christopher Stroup’s only priority was maximizing his savings, he might not …
An incoming California college student and his family were robbed of all their belongings, including $3,000 and their passports when thieves broke into their rental car as he was being dropped off for school. The teen’s parents have since planned to disenroll him from the school over safety fears in the state, according to KTVU. …
via Mike Shedlock On a cost-adjusted basis, California leads the nation in percentage living in poverty. Blame the Progressive oligarchs like Governor Newsom. Unemployment rates from the BLS through April. State level data lags by one month. Chart by Mish. Warning to the World Spiked makes a strong case that a dominant class of oligarchs and …