Category: News and Views

External Affairs February 2010 newsletter | The Governator

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CALIFORNIA RECOVERY TASK FORCE UPDATE: HIGH-SPEED RAIL

The State of California is ushering the United States’ transportation system into the 21st Century. In 2008, voters approved Proposition 1A, a $10 billion bond measure to seed the development of a high-speed train network in California. On January 27, 2010, U.S. Department of Transportation Secretary LaHood notified Governor Schwarzenegger that California will receive $2.25 billion in federal funds for our high-speed rail project. California received more money than any other state due in part to our diligent planning over the past 10 years.
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Regulators ease up on small business loans | CNN Money

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I hope this is true.

Hoping to ease the small-business credit crunch, six regulatory agencies recently banded together in a joint statement essentially promising to back off second-guessing banks’ loans. “Prudent” small business lending “will not be subject to supervisory criticism,” a regulatory group led by the Federal Deposit Insurance Corp (FDIC) said earlier this month.

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Failing Big Banks? Euthanize ‘Em! | Mother Jones

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It’s a plan Volcker has been pushing since he emerged on the financial-reform scene in the past year or so, and Obama so far seems to be support some kind of bank wind-down process. “You get very aggressive traders, and they’re out there,” Volcker said. “Millions of dollars are at stake, and personal bonuses, so they have a real incentive to take risks, which is fine, if you’re not being protected by the government.”

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