Tag: economic crisis

Stimulus News Digest #6 | California Office of Small Business Advocate

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You do plan on having some dinosaurs on your dinosaur ride, right?
You do plan on having some dinosaurs on your dinosaur ride, right?

Good news: Some money is flowing. Bad news: The funding doesn’t look like it’s all that small business oriented.

After reading this, I recall Jeff Goldblum’s famous line from ‘Jurassic Park’.

Headlines from the piece:

Kaiser Permanente Wins $54 Million in NIH Grants for Genetic, Other Research.

Region Gears Up for Possible $260M in Solar Power Projects.

Teachers Most Helped by Early Stimulus Funding.

Struggling Santa Cruz County Steelhead Get Bump from Federal Stimulus.

Berkeley Study Says Energy Bill to Create 1.9 Million Jobs.

California Stimulus Saved or Created 100,000 Jobs: More than 100,000 jobs have been saved or created in California.

Shasta County Nonprofit Group Wins $2.6 Million in Stimulus Funds.

California Wants $4.7 Billion in High-Speed Rail Stimulus.

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Governor Schwarzenegger Signs Legislation Increasing Opportunities for Small Businesses

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This article announces changes to how small business and Disabled Veterans Businesses are treated as it relates to state contracts. Also has a lot of nifty research information hidden amongst AHARNALD’s self congratulation. – Ed.

Bill Increases Small Business and Disabled Veteran Business Eligibility for  State Contracts and Recovery Act Projects

Governor Arnold Schwarzenegger today signed AB 31 by Senator (former Assemblymember) Curren Price (D-Inglewood), expanding small business and disabled veteran business enterprise participation in state contracts and American Recovery and Reinvestment Act (Recovery Act) projects. Small businesses and disabled veteran business enterprises make up 98 percent of all California enterprises, employ over half of our workforce and are projected to create 99 percent of the state’s future jobs. A recent study commissioned by the Procurement Division of the Department of General Services found that these firms produce about 50 percent more overall California economic impact for each dollar spent than large enterprises. Continue reading “Governor Schwarzenegger Signs Legislation Increasing Opportunities for Small Businesses” →

The End – How Wall Street Did Itself In | Portfolio.com

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ded bull

I just reread this piece and decided to share it. If you were wondering how we got where we are today, this article combined with Matt Taibbi’s “Great Bubble Machine” (next article) will provide you with every thing you need to know.

To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups remains a mystery to me. I was 24 years old, with no experience of, or particular interest in, guessing which stocks and bonds would rise and which would fall. The essential function of Wall Street is to allocate capital—to decide who should get it and who should not. Believe me when I tell you that I hadn’t the first clue.

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The Great American Bubble Machine | Rolling Stone

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Same As It Ever Was.
Same As It Ever Was.

Another post on our blog, ‘The End’ by Michael Lewis, is  prologue for this piece. It’s instructive and frightening. Especially when you take in to account the number of individuals setting American financial policy that have come from Goldman Sachs.

The Great American Bubble Machine

From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression – and they’re about to do it again

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Gov. Schwarzenegger Announces Award of $27 Million to Fuel Nation’s Largest State-Sponsored Clean Energy Jobs Training Program

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Governor Arnold Schwarzenegger today announced the 34 recipients of $27 million in grants jump-starting the California Clean Energy Workforce Training Program (CEWTP), the largest state-sponsored green jobs training program in the nation announced by the Governor on August 31, 2009. Under the this first phase of the program, anticipated to train 5,600 participants, workers will be prepared for hands-on jobs, such as installing solar panels and maintaining electric vehicles to computer programming and researching fuel cell technologies, to help develop the state’s low-carbon, clean energy economy of tomorrow.

“California’s goals in renewable energy development, climate change reduction, clean transportation and green building are driving green job growth – and these funds are pivotal to building a workforce to meet that demand,” said Governor Schwarzenegger. “This program represents the kind of innovative thinking needed to steer our economy toward a greener future while targeting the unemployed, underemployed and new workforce members at a time when we must do everything possible to help Californians return to work.”

Continue reading “Gov. Schwarzenegger Announces Award of $27 Million to Fuel Nation’s Largest State-Sponsored Clean Energy Jobs Training Program” →

Las Vegas Paper Sues Small Bloggers – Dispatches Withdraws Post, States Policy

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The article that used to appear at this URL, ‘The People Living in Drains Below Las Vegas’, has been withdrawn because it was published by the Las Vegas Sun, the sister paper of the Las Vegas Review-Journal. The Journal has engaged the services of a firm named RightHaven, who is using the copyright law to sue little blog sites like this one for posting full text reprints of their articles, even though the paper is fully credited for it.

Their theory is they are losing money through lost clicks. Anyone with a website can tell you clicks do not a conversion make. So the truth is these are extortion shake downs of people who are, in reality,  promoting the sources of the articles.

We have always only posted excerpts of articles with links to their original sources. But the Journal is suing people for doing that. On that basis, we will not link to, or run any content from the Las Vegas Sun or the Las Vegas Review-Journal. Any links or posts linked to or referencing articles published by these two papers will be deleted as soon as they are discovered.

NOTE TO LAWYERS:

This site is a small community created for our friends and clients to share business news along with the cool things we bump into on the internet. We always include a link to the original source. If we cannot include a link, we do not post it, period. We always credit the source. We are not thieves.

We also promote posted articles using both Twitter and Facebook, expanding the marketing footprint of the originating source. We think this is a nice thing to do and we do not charge for it. If, however, a source does not wish to avail themselves of our kindness, please inform us and we will remove the article, just like we did here.

Otherwise, file suit. You won’t win and you know it.

Time Magazine’s Justin Fox: “Some Financial Market Conspiracies Are Real” | zero hedge

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If you’ve swallowed the blue pill, this article will be too strong:

Tyler Durden at Zero Hedge blew the whistle on Goldman’s high-frequency trading and other frontrunning activities, and has also been called a conspiracy theorist.

PhD economist, former Assistant Secretary of the Treasury, and former Wall Street Journal editor Paul Craig Roberts says that the government and mainstream media are lying to the American public about how bad the economic situation really is.

PhD economist Dean Baker said in February that the true purpose of the bank rescues is “a massive redistribution of wealth to the bank shareholders and their top executives”.

PhD economist Michael Hudson says that the financial “parasites” have killed the American economy, and they are “sucking as much money out” as they can before “jumping ship”.

PhD economist Michel Chossudovsky says that the giant banks which received the most bailout money also finance a portion of the government’s debt, and are exercising their power as creditors to buy public assets for a song and to impose IMF-style austerity measures on the U.S. government.

If you want to understand so you can make a way for you and your loved ones read this.

Toyoda says company is ‘grasping for salvation’, fears big sales loss | AutoWeek Magazine

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We are grasping for salvation,” Toyoda said, adding that the company already has spiraled through the first three stages: (1) hubris born of success, (2) undisciplined pursuit of more and (3) denial of risk and peril. His self-admonitions echoed the apologies commonly made by Japanese executives who take responsibility for financial turmoil or corporate scandal.


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