Archive for January, 2010

GDP Up 5.7 Percent

NEW YORK (CNNMoney.com)

The U.S. economy grew at the fastest pace in more than six years during the fourth quarter of 2009, according to a government report Friday.

OK, when will the job recovery start? We may have 10 percent unemployment for some time.

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Wine Sales Down in 2009

Sobering news: Calif. wine sales down in 2009

Stimulus and jobs: What the fight’s all about

Some “normative” economics:

Stimulus and jobs: What the fight’s all about

Public Employee Unions Are Sinking California

Public Employee Unions Are Sinking California

California Unemployment at 12.4 Percent

From the Sacramento Bee:

The job losses returned to California in a significant way last month. Some 38,800 payroll jobs disappeared, according to figures released today by the state Employment Development Department.

The state’s unemployment rate clocked in at 12.4 percent for December. That was unchanged from the revised November figure.

Analysts had been hoping that the job losses in California had mostly run their course.

New UCLA study cites heavy impact on schools

 New UCLA study cites heavy impact on schools

One effect, IDEA director John Rogers said today as he released the study, is that the discrepancies between schools serving affluent students and those with high rates of poverty are increasing. The latter are more likely to receive financing from local parcel taxes and voluntary contributions while the latter not only don’t receive extra money but are more likely to experience layoffs and other staff cuts.

It notes that California was already near the bottom in per-pupil financing before the most recent round of state budget cuts and also fares poorly in academic achievement. “Why is California on the wrong side of this national achievement gap?,” the report asks rhetorically. “One critical reason is that California is on the wrong side of a national resource gap.” Rogers said that California should “grow the fiscal pie” for education.

Jobs bill: New Senate math means rough road

From CNN Money:

WASHINGTON (CNNMoney.com) — The road for another stimulus bill just got tougher following Tuesday’s election of Republican Scott Brown to the Senate in Democratic stronghold Massachusetts.

After health care, Congress’ next big priority is to pass something that shows voters in an election year that they’re on top of the nation’s unemployment scourge.