Posts about California’s Budget Deficit as of October 22, 2009

Zhone Technologies Inc. (NASDAQ: ZHNE)(D*) * Financial status indicator is deficient: Issuer failed to meet NASDAQ continued listing requirements Zhone Technologies Inc. (ZHNE) designs, develops and manufactures communications network equipment for telephone companies and cable operators worldwide. The Company’s products allow network service providers to deliver video and interactive entertainment services in addition to their existing voice and data service offerings.

Via [ Michael Ramirez ] Comment: I hope that the Frontline show, The Warning , last night was widely viewed. If you didn’t see it, it is available online here . I thought it was nicely done and got some points across that need to be more widely known, like the character of certain individuals who still wield a lot of power today in Washington DC. Like the fact that, the more things change , the more they stay the same. Watch it. Email it to your friends. Help spread the word.

It turns out that surfing the Internet is actually good for you! A new study released by UCLA indicates that cognitive functions improve, even for seniors, after a little as a single week of surfing the Internet, giving credence to the old adage, “Use it or lose it.” Amanda Gardner writes on Health Day News : “You can teach an old brain new technology tricks,” said Dr. Gary Small, a psychiatry professor at the Semel Institute for Neuroscience and Human Behavior at the University of California, Los Angeles , and the author of iBrain .

This morning, I participated in a blogger conference call with Sen. John Thune. the subject of this morning’s bcc was health care. During his opening statement, Sen. Thune talked about the $250,000,000,000 deficit-busting bribe (my word, not Sen. Thune’s) to doctors. This is the Democrats’ attempt to hide the true cost of the bill by separating out a major expense of the Democrats’ health care legislation. Sen Thune also talked about the tax increases in the Finance Committee and HELP Committee bills, saying that these tax increases will drive the health care cost curve up, not down.

In January, Ben Bernanke gave a very important speech at the London School of Economics where he laid out the federal Reserve’s strategy in fighting the forces of deflation and market illiquidity ( see post with videos here ).  His was a strategy that took the Japanese variant of quantitative easing one further – toward what I call qualitative easing. Earlier this decade the Japanese faced deflation in the wake of the recession after the Tech Bubble.  Interest rates were already zero percent (they conducted a never before tried Zero Interest Rate Policy – ZIRP, but this proved inadequate in the face of massive deleveraging).

Sean Forman is the creator of Baseball-Reference.com, an on-line baseball encyclopedia containing statistics for every player and team in major league history, and box scores, splits and gamelogs back to 1954. The teams from Los Angeles find themselves in similar, but not identical, positions this morning, down by three games to one to the Phillies and the Yankees. Given the history of these series, the chances of an all-California series are microscopic at best.

The State Controller’s report on redevelopment agencies in California was late this year, being published as recently as September 30th. The report covers the 400+ redevelopment agencies in California, and reveals that for the fiscal year ended June 30, 2008, Alameda’s agency had over $18 million in revenue. That figure is up 19% from the previous fiscal year’s amount of $15,683,598 in revenues.

Welcome to Left & Right. Just Politics..? has joined with Let’s Talk Politics to provide two different perspectives on the same topic in the hopes of creating a conversation about a given issue. Be sure to read both opinions and, if the mood strikes you, feel free to leave a comment (or two) below. Of course, Just Politics..? encourages you to visit Let’s Talk Politics for more great articles.

L.A. NOW Southern California — this just in October 20, 2009 | 4:37 pm An alliance of local government groups proposed a ballot measure Tuesday in hopes of walling off their money from Sacramento. In times of fiscal crisis, California leaders have long looked to municipal coffers for relief. The proposed measure, aimed at the November 2010 ballot, would prevent state officials from seizing local redevelopment money, gasoline taxes, highway funds and other revenue.

On October 21, 2007, the Boston Red Sox complete a comeback from a three-games-to-one deficit to win the American League Championship Series over the Cleveland Indians and advance to their second World Series in four years. The Red Sox defeat the Indians, 11-2, at Fenway Park, behind five RBI from Dustin Pedroia. On October 21, 1995, former major league star Vada Pinson dies at the age of 57 after suffering a stroke. Pinson batted .286 with 256 home runs over an 18-year career.

Lakers’ bench holds off Clippers in 114-108 win (AP via Yahoo! Sports) Andrew Bynum overcame a cold-shooting start, scoring 20 points and grabbing 13 rebounds to help the Los Angeles Lakers erase a 15-point deficit and beat the Clippers 114-108 on Sunday night. Shannon Brown made five of his first six shots off the bench and scored 19 points, seven of them in the final 3:43, after missing all six shots in a start against the Charlotte Bobcats on Saturday night.

Tags People Celebrities High Tech Sports Odd News Top Information Health Business Spoken News News Photos Slideshows 1/147Another ‘Dancing with the Stars’ celebrity sinks (AP) AP – Natalie Coughlin won’t be going for the gold on ‘Dancing with the Stars.’ (AP) Click on the image for the actual size or for a fullscreen flash.Click here for more description.

Notre Dame vs. Boston College Free Pick: Boston College +8.5 -110 odds – point spreads Visit Touthouse.com for more NCAA football picks and expert college football picks from Robbie Gainous Boston College makes their way to South Bend for a meeting with the host Fighting Irish of Notre Dame. Notre Dame is coming off a very emotional loss to Southern California on Saturday, they are 1-7 SU/ATS after facing USC versus an opponent off a win and Boston College was destroying North Carolina State 52 to 20 last Saturday.

   Gov. David Paterson’s budget director, Robert Megna, issued a statement this evening on the dire state of New York’s finances and said there is an urgent need for action. The governor plans to call lawmakers back into special session to close a $3 billion hole in the budget.    This is what Megna had to say:    “Unless action is taken to address New York’s current-year budget deficit, our State government is likely to face significant cash-flow difficulties beginning in December.

An alliance of local government groups proposed a ballot measure Tuesday in hopes of walling off their money from Sacramento.   In times of fiscal crisis, California leaders have long looked to municipal coffers for relief. The proposed measure, aimed at the November 2010 ballot, would prevent state officials from seizing local redevelopment money, gasoline taxes, highway funds and other revenue.