Sacramento, CA…Following unexplained gas price hikes that led to record profits for Big Oil, Governor Gavin Newsom and Senator Nancy Skinner (D-Berkeley) unveiled a proposed price gouging penalty on oil companies’ excess profits to deter excessive price increases and keep money in Californians’ pockets. The language of the proposed price gouging penalty can be found here. […]
Washington, DC…Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, health care, and government. Employment declined in retail trade and in transportation and warehousing. This news release presents statistics from […]
Sacramento, CA…The California Energy Commission (CEC) held a hearing today on the record gas price spike of 86 cents in 10 days earlier this year that resulted in record profits for oil companies, digging into the fact that no state regulations or costs had changed and refinery maintenance only accounted for 5.8% of California’s gas […]
Bay City, Michigan…Hello, Michigan! (Applause.) Hello, hello, hello, hello! I’ll tell you what: I — if I — my mom is looking down from Heaven and saying, “Apologize to these people because you have their — you have their back to them.” I apologize — (laughter) — because I’m going to be talking that way. […]
Washington, CA…Nearly $200 billion in life insurance and annuity benefits provided families and retirees with financial security. New data from the American Council of Life Insurers (ACLI) shows that life insurance companies paid $100 billion to beneficiaries of life insurance policies and $97.7 billion to annuity holders in 2021, both record highs for a single […]
Burbank, CA…The Walt Disney Company (NYSE: DIS) announced today that Robert A. Iger is returning to lead Disney as Chief Executive Officer, effective immediately. Mr. Iger, who spent more than four decades at the Company, including 15 years as its CEO, has agreed to serve as Disney’s CEO for two years, with a mandate from […]
“The people have spoken. Trump will be reinstated. Vox Populi, Vox Dei.” ~ Elon Musk
Sacramento, CA…The following is the executive summary from the Legislative Analyst’s Office on CA’s finances….”Economic Conditions Weigh on Revenues. Facing rising inflation, the Federal Reserve—tasked with maintaining stable price growth—repeatedly has enacted large interest rate increases throughout 2022 with the aim of cooling the economy and, in turn, slowing inflation. The longer inflation persists and […]
South Lake Tahoe, CA…South Lake Tahoe voters overwhelmingly approved Measure G in the November 8 election. Measure G – the City of South Lake Tahoe Cannabis Funding/Taxation Measure – was placed on the ballot for local voter consideration, following an audit of government processes that identified the annual cannabis business fee collection process as one […]
Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.7 percent before seasonal adjustment. The index for shelter contributed over […]
