December 29, 2012
Re “ Corporate tax rate may be lowered ,” Business, Dec. 25 Republicans have agreed that loopholes should be closed for corporations. The most egregious loophole may be the one that in effect gives interest-free loans to U.S. corporations to invest overseas. I am referring to the loophole whereby they are excused from paying taxes until the money earned is “repatriated.” If the president is willing to lower the rate to competitive levels, he should insist on changes to this tax break.
April 10, 2013
Re "To create jobs, U.S. must spend," Opinion, April 5 Dimitri B. Papadimitriou assumes that government spending creates growth. It may create growth in the drone-building industry or in public pensions, but we have to question whether that's good for the economy. Papadimitriou compares adding to our deficit to the hopeful action of a private borrower getting a home mortgage. There are important differences. A home buyer can refinance only a few times, while the government can add debt endlessly.
CALIFORNIA | LOCAL
March 9, 1993
A question that puzzles me is: If President Clinton eliminates 500,000 jobs in government in order to save money and then generate 500,000 jobs to help the economy, is that not a net gain of zero? GLORIA BURRUS Simi Valley
June 14, 2012
Re "School posts may be tough to fill," June 11 Regarding the search to replace three chancellors of public colleges and universities, The Times quotes Scott Himelstein, president of the community colleges Board of Governors, as saying, "I think the governor and Legislature are very clear in not wanting to consider any raises in executive compensation. " It's a great sentiment but I have zero confidence that it will happen. There will be extensive national searches, and when the final candidates are selected, the public statements will say that the salaries offered were justified and necessary to attract the best person for each of these exceedingly difficult and complex positions.
May 4, 2012
Re "Japanese firm wins Metro job," May 1 With our economy so fragile, how dare L.A. County transportation planners award a contract to build rail cars to a Japanese company? We need to have the good people of California working. This was a great opportunity to employ people in our state. Those at the L.A. County Metropolitan Transportation Authority who made this decision need to be replaced. As a longtime resident and taxpayer, I'm sickened by their low regard for our workforce.
June 22, 2013 |
Just a few years ago, California was hemorrhaging tens of thousands of jobs and had one of the highest unemployment rates in the nation. But on Friday the Golden State reached a turning point: Helped by a recovering housing market, its jobless rate plunged to 8.6% in May, down from 9% in April and the lowest level in nearly five years. The improved economy has cut the number of unemployed Californians to 1.5 million from a peak of 2.3 million in 2010. Economists said the latest batch of government data showed the state is creating jobs faster than the labor force is growing, a sign of true strengthening in the labor market.