December 9, 2009 |
California's jobless rate is close to peaking, but the recovery will be sluggish, with employers not expected to resume hiring until at least next spring, according to new forecasts by UCLA and other analysts. The state's unemployment rate, which hit 12.5% in October, will probably peak at 12.7% this month. Still, it won't fall below 10% until 2012, according to a UCLA Anderson forecast released today. That means California's economy almost certainly will continue to struggle for the foreseeable future.
October 13, 2009 |
China's leaders meant for the celebrations on Oct. 1 to remind the world of their country's growing power and importance. But the 60th anniversary of the communist revolution, which Nina Hachigian wrote about in her Sept. 30 Times Op-Ed article, should also remind us of something else: The Chinese Communist Party is still very much an authoritarian regime whose nature remains quite the same as when Mao Tse-tung brutalized the nation. I should know. About four months ago, my mother, Yao-Hua Li, and sister, Yi-Bo Zhang, were abducted by Chinese police officers simply because of their spiritual beliefs.
October 9, 2009
Today's topic: At what point in the economic recovery can Washington turn its attention to addressing the impending insolvency of Medicare and Social Security? Dean Baker and Maya MacGuineas finish their debate on the relationship between unemployment rates and economic recovery, and how much Washington can do about both. Point: Dean Baker, Center for Economic and Policy Research We should separate the issues of getting the economy on track and fixing our long-term deficit problems.
March 1, 2010 |
California's hands-free cellphone law has been a lifesaver. According to California Highway Patrol statistics, the law has helped reduce the number of annual fatalities on our roads by 700 and collisions by between 75,000 and 100,000. CHP data also show that traffic fatalities and crashes in California were each down by roughly 20% in the first six months since the law took effect on July 1, 2008, compared with the same six-month periods of previous years. These statistics are all the more compelling when you consider the steady increase in the number of licensed drivers in California over the last several years, and the fact that there are more than double the number of cellphones out there today than there were just a decade ago. Although compliance with the new law has been good, it certainly could be better.
March 21, 2010 |
As the House prepares to convene Sunday afternoon for action on President Obama's long-pursued overhaul of healthcare, the House's Democratic leadership is voicing confidence in passage of the bill. "We've got the votes," Rep. John Larson (D-Conn.) said in an appearance Sunday morning on CNN's "State of the Union." The House plans to convene at 1 p.m. Eastern time to take up a "reconciliation" measure that merges the House and Senate on healthcare and vote on a Senate-passed healthcare bill.
March 11, 2010 |
The number of homes caught up in some stage of the foreclosure process in February fell 2% from the previous month to 308,524, a real estate firm will report Thursday. That number is up 6% compared with the same month a year earlier but marked the smallest year-over-year increase since January 2006, according to RealtyTrac Inc. Executives at the Irvine firm attributed the steady decline in foreclosure activity to efforts by banks to keep people in their homes through the Obama administration's $75-billion plan to help troubled borrowers.
March 16, 2010 |
Declaring expansion of broadband Internet access the nation's next great infrastructure challenge, federal regulators Monday unveiled an ambitious, decade-long project to make super high-speed connections available in every corner of the country. The plan by the Federal Communications Commission sets a goal of making sure at least 100 million homes have affordable access to networks that allow downloading data from the Internet at speeds of at least 100 megabits per second -- at least 20 times faster than what most people get today.
February 3, 2010 |
In what's certain to be one of this year's most closely watched and vigorously debated Oscar battles, the lead actress category is shaping up as a fight between gossamer youth and hard-won Hollywood experience. Representing the establishment: Meryl Streep and Helen Mirren. "Julie & Julia's" Streep -- who portrays celeb chef Julia Child in the film -- is a 16-time Academy Award nominee (with two wins to her credit). And Mirren, the 64-year old costar of the Tolstoy biopic "The Last Station," is no less than a Dame Commander of the Order of the British Empire who claimed a lead actress Oscar for portraying her country's monarch in 2006's "The Queen."
November 23, 2009 |
Not long after 19-year-old country-pop sensation Taylor Swift walked off with the Country Music Assn.'s biggest awards in Nashville, the American Music Awards handed her more trophies to add to her growing collection. Swift, who came in with a field-leading six nominations, landed all but one of those, including the evening's top honor as artist of the year. She also was named favorite female pop-rock, country and adult contemporary artist. Her "Fearless" CD collected the favorite album trophy.
June 17, 2008
Today's question : Does the Food and Drug Administration have too much regulatory power or not enough? Paul Roberts and Jacob Grier debate the new food economy . Yesterday, they discussed food panics . Later this week, they'll cover food shortages and other topics. Milton, thou shouldst be living at this hour Point: Jacob Grier "I blame Milton Friedman," Paul Krugman wrote in a column about America’s food safety problems last year, perversely blaming the late free-market economist for the failures of government regulation.