06/26/2022

News

Is California Already In Recession?

Unfortunately for Governor Brown, the recession he fears may already have arrived in California. The following chart showing the trailing twelve month averages of California’s civilian labor force and number of employed is one that we’ve adapted from a different project to show that data in the context of the state’s higher-than-federal minimum wage increases and periods of negative GDP growth for the national economy. It shows that in 2017, the size of the state’s labor force has peaked and begun to decline in 2017, while the number of employed shows very slow to stagnant growth during the year.

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A Tale Of Two Car Companies

Elio is developing a low-cost ($6,800 to start) very high mileage (80-plus MPG) commuter car. . . Elio, in contrast, merely offers its cars – which you’re free to buy or not. And if you don’t want one, they’re not gonna force you (via Uncle) to “help” other people buy one. . . The execrable element is that Tesla expects you to pay for its toys. Not for yourself. But so that other people – affluent people – can play with them. . . that every “sale” entails an extortion payment extracted from a real car company – a “carbon credit” that is “sold” to offset the less-than-Teslian characteristics of functionally viable but “greenhouse gas” producing conventional cars… that it is necessary to bribe even rich people who have money to burn on toys with thousands of dollars of tax write-offs (the costs for these written off onto the backs of those who pay the taxes) in order to complete each transaction.

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