Month November 2010

California state budget deficit reaches $25.4 billion

Yet again California has used MSU* methods for their budget projections. They’ve been making projections based on phantom revenue. As in non-existent revenue. As in never existed in the first place, except in the fevered brains or rolling off lying…

Lake Mead drought, Lake Powell too

The ongoing drought is severely affecting water levels at Lake Powell in Utah, which in turn impacts the amount of water in Lake Mead in Arizona and Nevada. All of this is further complicated by convoluted water sharing agreements between…

Housing is double dipping

And this chart was before foreclosuregate Zillow – a real estate cheerleader if there ever was one – is now predicting an “unprecedented decline” worse than the Great Depression Meanwhile, the Obama Administration continues to send billions to Wall Street…