Blogs

California Natives

If you are going to San Francisco, be sure to say hello to mom, dad, and maybe your best friend from third grade.

California has traditionally been a land of migrants from around the country and around the world, but for the first time in the state’s history, the majority of California residents are native-born.  read more »

Buffett’s Partner Agrees with Us

Billionaire investor, Warren Buffett, is hosting the Berkshire Hathaway shareholder meeting “Capitalist Woodstock” in Omaha this weekend. Every news truck this side of Kansas City has been moved into town to cover the event.  read more »

Jobs Continue to Decentralize Within America's Metropolitan Regions

Since 1998, most major American metropolitan areas have seen a decline in employment located close to the city center as jobs have moved farther into the suburbs.

A recent report by the Brookings Institution determined that this “job sprawl” threatens to undermine the long-term regional and national prosperity.  read more »

Illinois: When in Doubt, Jack up Taxes

The Illinois state budget is on life support, with a $4 billion shortfall projected for this year and even more in 2010. So what’s a state to do?

In a move that has some scratching their heads, Governor Pat Quinn has proposed an increase on the tax rate for both personal and corporate income tax.  read more »

How Soon We Forget: Wall Street Wages

It also wasn’t that long ago that Congress held hearings on the bonuses paid to AIG employees after the bailout. Now, according to New York Times reporter Louise Story Wall Street compensation is rising back to where it was in 2007 – the last year that these firms made oodles of money with investment strategies that turned toxic the next year.  read more »

TARP Criminal Charges Possible

Of the three monitors established by the legislation that created the Troubled Asset Relief Program (TARP), only one has the authority to prosecute criminals.  read more »

Green Celebrity Hipocracy

Kudos to the Daily Beast for doing its homework and exposing the blatant hypocrisy behind green-tinged celebrity. People like Gore, Streisand, and Madonna have been filling airwaves with exhortations to pitch in and save the planet while living the good life that is supposedly destroying it.  read more »

HOPE for Only One Homeowner with a $300 billion Price Tag

The Housing & Economic Recovery Act of 2008 was passed last August. It created the HOPE for Homeowners Program, which the Congressional Budget Office estimated would help 400,000 homeowners to refinance their loans and stay in their homes. Here's a stunning revelation: According to the Federal Housing Authority (FHA), in the first six months since the law was passed, exactly one (1) homeowner refinanced under the program!  read more »

Local and State Tax Burden Maps

The Tax Foundation calculates the taxes paid per capita, including what is spent by people on average in neighboring states, including state and local fees. The two maps show, first, the tax burden, taxes paid as a percent of income, the second, the difference in the ranks of states in tax burden and in income.  read more »