Productive wealth has been trapped in a web of parasitic theft, counterfeiting, liability evasion, non-regulation, and prosecutorial non-accountability. All the fundamental attributes of a functioning exchange economy have been warped to reward creative criminals.
Tag: Depression
Weekly Economic Update | LAEDC
THIS WEEK’S HEADLINES:
- Corporate Profits Up Again in Second Quarter 2011
- California Home Sales Up in July
- California New Home Construction Declines in July
- Nonresidential Construction – Up 12.8% in July
- Airport Figures
- Bank Profits: In the Black Again!
- First Drop in Number of Problem U.S. Banks Since 2006
- Global Economic Monitor
- Events of Interest
- August 31, 2011: Global Economic Insights: The Financial Impact of the Great East Japan Earthquake and the Debt-Laden U.S. and European Economies
- September 29, 2011: Los Angeles NABE Luncheon with Dr. Marcy Zwelling, Economist and Healthcare Professional
- SAVE THE DATE! November 3, 2011: The 16th Annual Eddy Awards®
- November 10, 2011: 23rd Annual Southern California Visitor Industry Outlook Conference
July California Tax Revenues Plunge More Than 10% Below Expectations | ZeroHedge
…we once again get a reminder that life in the real economy, there were people can not just print their way out of trouble, practical issues such as reality still matter.
Lords of the shadow inventory | Dr. Housing Bubble Blog
Yet the market we currently have is really a large benefit to investment banks and the government with a smaller impact on the rest of Americans. At this point the banks and government are largely fused into one. The typical American is simply squeezed in the middle.
Weekly Economic Report | LAEDC
THIS WEEK’S HEADLINES:
- July U.S. Labor Market Report
- The Flight to Safety Drives the Financial Markets
- Consumer Credit in June
- Auto Sales Up 5.9% in July
- Global Economic Monitor
- Events of Interest
- Thursday, August 18: Los Angeles Chapter, NABE Luncheon Meeting
- SAVE THE DATE! November 3, 2011: The 16th Annual Eddy Awards®
A Sensible Housing Market? OC v. IE | Dr. Housing Bubble Blog
Our society is obsessed with the “monthly nut” like a squirrel running out onto the highway to get food only to miss the big rig barreling down on it.
This is what $549K looks like in Culver City. – Ed.
Weekly Economic Report | LADEC
THIS WEEK’S HEADLINES:
- June State/Local Area Employment Reports
- California’s Unemployment Rate Rises to 11.8%
- Signs of a Rise in U.S. House Prices?
- California’s Home Resales Slide 14.4% in June
- Global Economic Monitor
- Events of Interest
- July 28, 2011: LA NABE Luncheon Meeting
- SAVE THE DATE! November 3, 2011: The 16th Annual Eddy Awards®
Marty Keller’s Goodbye Note | Marty Keller
Here is the text of Marty Keller’s goodbye note and it provides some information about they way forward for the California Small Business Advocate’s Office. We’ll miss you, Marty. – Ed.
Friends,
A couple of items to share before I transition to my new adventure:
- The Asian Business Association of Orange County wants you to know of a couple events coming up in August and September:
- The Filipino American Chamber of Commerce of Orange County is hosting its Annual Green & Health Expo on August 25 at the Crowne Plaza Anaheim Resort in Garden Grove. Details can be found here.
- The ABAOC is putting on its annual Procurement Opportunities and Export Initiatives event on September 22 at the Disney Paradise Pier Hotel in Anaheim. Details are available here.
- The indefatigable Frank Ferral is spearheading, along with the Greater Stockton Chamber of Commerce, a Recycling BIN Summit on August 9 at the University Plaza Waterfront Hotel in Stockton. More information can be found here.
As for matters of concern with state government, until the Governor appoints a new Small Business Advocate, please contact GOED regarding any matters of concern. The general number is (877) 345-4633. Joel Ayala is the Director (joel.ayala@gov.ca.gov), and Dave Freitas is the Chief Deputy Director (dave.freitas@gov.ca.gov).
Daisy Luna is staying on as our intern. She manages the event calendar, so please forward her information that you want posted to the GOED business calendar: daisy.luna@gov.ca.gov.
For matters dealing with procurement, please contact Eric Mandell at the Department of General Services at 916-375-4608: eric.mandell@dgs.ca.gov.
As for me, I will kicking back for exactly two days, and then I will be in touch with you all on Monday about the new direction. Nikki, be patient!
Thanks again for the friendships and collaborations over the years, and remember: the best is yet to be!
Cheers,
Marty Keller
How the Deficit Got This Big | NYTimes.com
Despite what antigovernment conservatives say, non-defense discretionary spending on areas like foreign aid, education and food safety was not a driving factor in creating the deficits. In fact, such spending, accounting for only 15 percent of the budget, has been basically flat as a share of the economy for decades. Cutting it simply will not fill the deficit hole.
Weekly Economic Update | LAEDC
THIS WEEK’S HEADLINES:
- U.S. Trade Deficit Widens in May Due to Rise in Oil Prices
- A Mixed Retail Sales Report for June
- Taking a Harder Look at Weekly Data on Initial claims for Unemployment Benefits
- California’s Budget Position at June Fiscal Year End
- Southland Home Sales Fall by -14% in June
- California Exports Continue to Shine
- May California Imports
- June Port Figures – Record Growth Trend Comes to an End
- Headline Inflation Declines in June
- Wholesale Prices Decline in June
- Events of Interest
- July 20, 2011: Mid-Year Economic Forecast
- July 28, 2011: LA NABE Luncheon Meeting
Dispatches From The Front 