Showing posts with label California. Show all posts
Showing posts with label California. Show all posts

Wednesday, October 10, 2012

OC youth can take part of Red Ribbon Week and get free stuff



 


Posted By CotoBlogzz

Rancho Santa Margarita , California – Since 1988, Orange County has been celebrating Red Ribbon Week, a national drug prevention effort that takes place during the month of October.

Red Ribbon Week began after the kidnapping, torture and brutal murder of Drug Enforcement Administration (DEA) Agent Enrique "Kiki" Camarena in 1985. Agent Camarena had been working undercover in Guadalajara, Mexico for more than four years. His efforts led to a tip that resulted in the discovery of a multimillion dollar narcotics manufacturing operation in Chihuahua, Mexico. 

The successful eradication of this and other drug production operations angered leaders of several drug cartels who sought revenge. As a result, they murdered key informants and on February 7, 1985, they kidnapped Agent Camarena and his pilot Captain Alfredo Zavala-Avelar. In Agent Camarena's home town, Calexico, CA, the public outpouring of support turned into an organized community response in which citizens dawned red ribbons. They became a voice for prevention in order to reduce the demand for illegal drugs and illegal use of legal drugs in America.

The following year the California State PTA adopted the Red Ribbon Campaign. Then, in 1988, Red Ribbon Week was recognized nationally with President Ronald and First Lady Nancy Reagan serving as the Honorary Chairs.

Today, the Red Ribbon Celebration brings millions of people together to raise awareness regarding the need for alcohol, tobacco and other drug and violence prevention, early intervention, and treatment services. It is the largest, most visible prevention awareness campaign observed annually in the United States.

The Orange County Sheriff’s (OCSD) Drug Use Is Life Abuse (DUILA) plays a leading role in this effort in Orange County. For 24 years, DUILA has provided Red Ribbon wristbands to every school-aged child in public and private schools in Orange County.

Additionally, DUILA partners with local businesses to provide incentives for students who wear the Red Ribbon wristbands in recognition of their commitment to be drug-free.

The following list is an example of the incentives available through October 28. Students must be wearing their Red Ribbon wristbands to receive these deals.

Baskin Robbins (throughout OC): Students will be able to purchase a kids’ cone for just $1.

Boomers: Kids will receive one free round of miniature golf at the Irvine or Fountain Valley locations.

Bowers Museum: Students will receive a free admission.

Carl’s Jr. (throughout OC): Children get one free kids fry no purchase necessary.

Costume Castle: Students receive 10% off their entire purchase/rental.

Discovery Science Center: Kids receive free general admission with paid adult admission.

Domino’s Pizza (throughout OC): Free order of breadsticks or cinnamon sticks for students with the purchase of any Domino’s Pizza products.

OC Parks: Kids receive free weekend entrance for them and their family at nine OC Parks. Valid: 10/13-14 and 10/20-21.

Papa John’s Pizza (throughout OC): Kids get one large one topping pizza for $8.88 with flyer.

Subway (throughout OC): Free 21 ounce beverage with purchase of any sandwich for kids.

United Studios of Self Defense: Students receive two free weeks of martial arts and self defense instruction.

For a full list of incentives, visit DUILA’s website at www.duila.org.

Wednesday, September 26, 2012

Atwater is the next California Municipal Bankruptcy



 by Chriss Street





Atwater, California just admitted they do not have the cash flow to make a $2 million municipal bond payment due in November and may become the 4th local California government file for Chapter 9 municipal bankruptcy this year

. The 28,000 resident community farming community has been strangled for over the battle with environmentalists more interested in protecting the lifestyle of a three inch fish called the Delta Smelt than family farms. With the city burdened with crippling unionized public employee wage and pension costs, while private sector wages and property values drop, Atwater is the latest in a soon to be tidal wave of local government failures.

Beginning in 2007, Federal Judge Oliver Wanger imposed limits on the amount of water pumped from the San Joachin-Sacramento River delta to farms in California's Central Valley in order to protect a two-inch endangered fish called the Delta Smelt. As a result, hundreds of thousand acres of farmland lie fallow, and tens of thousands of jobs were lost. Over 200,000 farmers, migrant workers and their family members were financially devastated. Homeless shelters and bread lines were overwhelmed as crops withered and banks foreclosed on family farms. Local public schools continue to report rising malnutrition as many proud families are too embarrassed to take government welfare.

When the U.S. House of Representatives Congress passed San Joaquin Valley Water Reliability Act (H.R. 1837) to try to restore the water flow, but California’s two U.S. Senators, Barbara Boxer and Dianne Feinstein, fought off the legislation in July by convincing President Obama’s senior advisors to recommend a Presidential veto. A disgusted Speaker of the House John Boehner said on the House floor that using the Endangered Species Act to protect a fish at the expense of food production and economic growth is “a perfect example of the overreach of government”.


The median home price in Atwater has plunged from $336,000 in June of 2007 to just $140,000 today and unemployment has surged to 21%. The 2010 Atwater median household income was $42,226, 19% below the national average of $51,914. Almost a fourth of the population is now considered below the poverty line, compared with 13.7 percent statewide, according to U.S. Census figures.

Even with all this pain and suffering, Atwater’s city tax revenue fell by only 20% since its peak in 2007. Atwater did reduce its bloated union payroll from 120 to 80 since 2008, but mostly through attrition and laying-off low paid younger workers. To keep the lights on the city depleted its cash reserves, while union wages continued to rise and the cityagreed to pay all general employees’ portion of mandatory pension contribution and all but 2% mandatory contribution for highly paid police and firefighters. The city’s also continued to pick up most of the cost of health-care premiums that rose by 15% this year and are scheduled to rise 10% next year.

With the threat of bankruptcy, wages may now be slashed. According to Atwater Mayor Joan Faul, “We just started negotiating with our unions and they are going to have to take a major cut," Mayor Joan Faul said. "We hope that once we declare a fiscal emergency that they will realize that we are definitely in an emergency. If they want to save all the jobs, everyone is going to have to take a cut."

Standard and Poor’s seems to have been shocked to learn that city is broke and hacked Atwater’s Public Financing Authority’s wastewater revenue bonds solvency rating on September 24th from a strong credit-worthy A rating to a BBB- junk-bond rating.



Under a state law passed by California’s ultra-liberal legislature and signed by Governor Jerry Brown last year, cities seeking bankruptcy protection are forced to first declare a fiscal emergency or hold talks for 90 days with creditors through a mediator or wait for 60 days if they run out of money. With Atwater and many other local government cities and agencies about to bounce payroll checks, California bankruptcy courts are going to need to go on a hiring binge to handle the coming long lines of municipal failures.

“The American Exceptionalism Radio Talk Show” Streaming Live Monday through Thursday from 7-10 PM Click Here to Listen: www.edtalkradio.com

DINESH D’SOUSA WILL BE OUR GUEST AT 7: PM ON OCTOBER 4TH TO ASK A QUESTION OF THE STAR OF: “2016 THE MOVIE”
PLEASE CALL IN AT 530-742-5555

Saturday, August 18, 2012

Moody’s Warns of Mass California Municipal Bankruptcies






The klaxon horn went off this evening for California municipal bondholders when Moody’s credit rating service issued a report stating that the plummeting financial condition of many California counties, cities, school districts and other government agencies will soon result in large numbers of municipal bankruptcy filings.  Concerned about their own potential liability for providing high ratings that encouraged conservative elderly Americans to invest in risky bonds; Moody’s announced they will undertake a wide-ranging review of municipal finances because of the growing insolvencies.

The Moody’s report comes just two days after we reported that “CALIFORNIA SALES TAX REVENUE NOSE-DIVES BY 33.5%.”  Stock brokers have often recommended California municipal bonds as very safe investments, due to historically low default rates and relatively stable finances.  But Moody's said that outlook is changing after the Chapter 9 Bankruptcy filings of Stockton, San Bernardino and Mammoth Lakes.  


Moody’s is especially concerned with the growing attitude among many cash-strapped cities that filing bankruptcy to avoid paying bondholders, is politically more advantageous than cutting spending.  As a result, Moody’s will re-assess the financial condition of all California cities, which issues about 20 percent of the municipal bond volume nationwide, "to reflect the new fiscal realities and the governmental practices." 

The Moody’s report said the credit rating service will also examine the outlook for municipal bonds in other troubled states.  Robert Kurtter, Managing Director of public finance at Moody's, would not say which states they will review, though Kurtter mentioned Michigan and Nevada as possibilities. 

Tonight’s report noted that many cities across the nation are in financial distress, but emphasized that a greater share of bankruptcies are expected to come from California.  Local officials were quick to try to downplay this grim forecast.  Chris McKenzie, Executive Director of the League of California Cities responded: "Moody's has an obligation to review changing circumstances, but we would just suggest that their assessment of the framework and ground activities is perhaps exaggerated.”

Tom Dressler, spokesman for California State Treasurer Bill Lockyer, cautioned against overacting to only three bankruptcies from California's 482 cities: "No city's going to blithely skip into bankruptcy court to avoid its obligations." Mr. Dressler called the report "a little hyperbolic."

Moody’s detailed that over 10% of California cities have already declared fiscal crises, with the most troubled areas lying inland in the middle of the state and east of the Los Angeles area.  Mr. Kurtter said the declarations of emergency were "a reflection of the broader fiscal stress in the state" and went on to warn that Moody's may issue an  “across-the-board rating revisions are possible following a review of our ratings on California cities over the next month or two” for all California cities.  Chris McKenzie acknowledged that such a move "would have a terrible impact on taxpayers."
Moody’s highlighted growing doubts that cash-strapped cities are willing making good-faith efforts to pay their bonds debts in full.  Former Treasury official Paul Rosenstiel, a Principal at DeLaRosa & Co municipal bond investment-banking firm in San Francisco stated: "Credit analysis is based on the ability to pay and the willingness to pay.  Investors have historically assumed that cities are willing to pay their debts because they want continued access to the bond market” … “What is being considered is whether the willingness to pay is something that needs to be factored in more than in the past — and if so, how would you measure it?"

California cities already pay higher interest rates to borrow money from municipal bond investors because the state has the second lowest bond rating in the nation, only Louisiana is lower.  But if any city’s credit rating is cut to the “junk bond” level, rates would rise so high that the city would be forced to file bankruptcy.   Most cities are already are financially deteriorating, because of a steep drop in tax revenue. 

The Moody’s report is raising alarms for city leaders who fear it may trigger a market panic.  "Every city in the state is looking on with some concern," said Dave Vossbrink, spokesman for the city of San Jose.  "Governments of all kinds borrow money, usually to build infrastructure that lasts a long time.  It's like getting a mortgage to build roads, a sewage plant, whatever it might be."  Mr. Vossbrink emphasized that San Jose has cut laid off cops and closed libraries.  Residents also recently voted to cut public pension benefits for city workers, but those cuts may not be enough prevent a downgrade.

Moody's said it will conduct in-depth financial stress tests for all California cities in the coming weeks and issue appropriate downgrades in September.  The timing of the Moody downgrades may be especially devastating for the California state budget.  Governor Jerry Brown kicked off his drive this week to save the state’s solvency by encouraging voters to pass an $8 billion tax increase initiative on the November ballot.  But bad press and rising bankruptcies is sure to undermine voter support.   

Chriss Street and Paul Preston Co-Host
“The American Exceptionalism Radio Talk Show”
Streaming Live Monday Through Friday at 7-10 PM
Click Here to Listen: 
http://www.mysytv.net/kmyclive.html





Tuesday, August 14, 2012

California Sales Tax Revenue Nose-Dives by 33.5%




 By Chriss Street


We were severely criticized last week by the left and the right for publishing “CALIFORNIA DEFAULT RISK TURNS BROWN INTO A CAPITALIST.” The report highlighted that California Governor Jerry Brown is steam-rolling environmentalists and regulators to generate more state tax revenue by expediting approval of pro-business infrastructure. But our detractors were stunned to learn from State Controller John Chaing that California’s July sales tax revenue was down 33.5% from the Budget approved in late June. Even more ominously, the state’s $9.6 billion cash deficit that was rolled over from the June 30th fiscal year has catapulted to $18 billion last month.




The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond", California will be short up to $18 billion and default.

Governor Brown used his line-item veto authority to strike $128.9 million in spending from the $91.3 billion California general fund before signing the state budget. Brown’s cuts surprisingly hit Democrat priorities, such as spending for child care and preschool for low-income children, and closing 30 state parks. But Republican Senator Tom Berryhill warned Brown: “This budget is a slow-motion train wreck, and you’re driving the bus.” Berryhill criticized Democrats for failing to reign in public pensions, regulatory terrorism and cap state spending that Republicans say are all needed to rescue state government. But by agreeing to sign the budget before the June 30th end of the fiscal year, Brown spared all the California legislators from losing their paychecks under a voter-approved initiative that blocks their pay if a budget is late.

The governor justified signing the budget based on the twin assumption that the California economy was expanding and the voters would approve his tax initiative that would raise $8.5 billion. Many analysts doubted the voters willingness to vote to raise sales tax on themselves, but we were virtually alone in warning California’s shallow economic recovery had peaked and the state was at risk for a double dip recession.
State Controller John Chiang tried to rationalize that even though California revenues were “disappointingly” down $475 million in July: “However, because spending appears to be tracking and the funds that the State depends on for liquidity are performing well, California’s cash outlook remains stable." This is sort of like the pilot of a jumbo jet announcing to the passengers that as a safety precaution they may want to cross your arms over your calves and grab your ankles and to brace yourself for possible impact.

Chriss Street will be in Studio with Paul Preston on “The American Exceptionalism Radio Talk Show” Streaming Live Monday through Friday at 7-10 PM Click here to listen: http://www.mysytv.net/kmyclive.html




Thursday, August 02, 2012

California’s Looming Default Triggers Brown’s Metamorphosis from Socialist to Capitalist



CALIFORNIA DEFAULT RISK TURNS BROWN INTO A CAPITALIST



By Chriss Street





There is nothing like the threat of insolvency and a downgrade to junk bond status to motivate traditionally liberal politicians to abandon the environmentalists who heavily fund their campaigns.  Last week Governor Jerry Brown of California tossed one of his core campaign-bundling constituency under-the-bus at a bill-signing event in downtown Los Angeles.  



 As Brown signed his third measure this year that dramatically narrows the “sustainable” crowd’s ability to use litigation to delay or kill capital projects, the governor said it is time for, "big ideas and big projects," especially ones to "get people working."  With the pace of public insolvencies and Chapter 9 municipal bankruptcy fillings accelerating across the U.S., Brown is the vanguard for high profile progressives willing to bet that capitalism can pull them back from the precipice of disgrace and potential recall. 

For most of Edmund G. "Jerry" Brown Jr.’s first tour as governor from 1975-1983, Gray Davis served as his Chief of Staff and when Brown was campaigning for President, Davis ran California in Brown's absence.  In 1998 Davis was elected governor by an overwhelming 20% margin.  In the next 1,778 days Davis went on a liberal borrow and spend blitz by signing 5,132 bills; including huge pension spikes for public employees, public control of electricity purchasing, substantial increases in school spending, the nation's first state law requiring automakers to limit auto emissions and even tried to pass gun control.  But when the economy turned down after 9-1-1 and the credit rating agencies’ downgrades sent California into a financial crisis, Davis became only the second governor in American history to be recalled by voters

The recall of Davis sent a scare through politicians across the nation about the need to control spending and become more pro-business.  But with real estate prices skyrocketing, state and local government revenues exploded to the upside.  Spending accelerated even faster than rising revenues as governments borrowed heavily on the hope of an endless rise in property and sales taxes.

When the Great Recession hit in 2008, state and local governments kept borrowing and spending, because they enjoyed huge “stimulus” transfers from the Obama Administration and a two year lag before tax revenues began to fall.  But In 2011, state and local spending fell for the first time since 1946.  This year, government entities face steep budget deficits and are struggling to pay-off debts accumulated over prior years. 

The Moody’s and S&P credit rating agencies that provided the “investment grade” credit ratings encouraged investors to buy many dicey municipal bonds, now fear they may have liability and are actively slash many ratings.  As ratings levels have hit “junk bond” status, 26 municipalities filed for bankruptcy since 2010.  Three California cities have filed bankruptcy over the last 60 days and Fresno, Duarte, Compton, San Jose and other cities have acknowledged they are in financial crisis.  

More ominous, for sixty years municipal debt increased annually, but this year for the first time the municipal bond market will face the “August Cliff”.  This is an event where more money will flow out of government coffers to pay-off maturing debt than will come in from expanding new bond sales.  With credit ratings falling and media-driven fear rising about the "Mounting Muni Meltdown”, it is only time before conservative investors become reluctant to put their cash back to work in municipal bonds.  

Governor Brown is on a pro-development tear.  He shocked the “greens” last week by joining U.S. Department of the Interior Secretary Ken Salazar in announcing plans to build two massive tunnels under the California Delta at a cost of $23.7 billion to carry water from the Sacramento River to connect to the California Aqueduct to quench Southern California’s thirst for new land development, while generating more property and sales taxes.  The next day he dedicated the 117-mile Sunrise Powerlink transmission line that can carry 1,000 megawatts of energy from the Imperial Valley to San Diego – the first major new power lines to connect to San Diego in over 25 years. 

Governor Brown is painfully aware that California already has the second lowest state municipal bond rating in the United States and that Moody’s recently warned they plan to issue California a downgrade soon, possibly to junk.  My analysis indicates that approximately 20% of cities, 30% of redevelopment districts and a number of counties in California may file for bankruptcy in the next 2 years.
  
Jerry Brown’s father, former California Governor Pat Brown, first ran for State Assembly as a Republican in 1928, but lost and later joined the Democratic Party.  Pat Brown's two terms as governor were marked by working closely with the pro-growth private sector to build the enormous California Aqueduct, enact the California Master Plan for Higher Education and found the state economic development commission.
Governor Jerry Brown seems to have re-embraced his father’s belief in building infrastructure to support private-sector growth to rehabilitate California.  When Governor Jerry Brown was asked why he has signed three bills this year to limit challenges to major infrastructure projects by the state’s restrictive California Environmental Quality Act, Brown responded, "I've never seen a CEQA exemption that I don't like."

Chriss Street will be in Studio with Paul Preston on “The Inside Education”; Streaming Live Monday August 6th through Friday August 10th, 7-10 PM
Click Below to listen between 7-10 PM each night:  http://www.mysytv.net/kmyclive.html


RELATED STORIES

California's Triple Threat

 05-24-2010 07:30 PM

Rancho Santa Margarita, CA  We assert that the sucking sound you hear are all the jobs California is losing to Nevada, Texas and Utah, in large measure do to what we refer to as California's Triple Threat:   1) Public sector organized labor,  2) un-elected, un-checked parasitic bureaucracies and 3)  lobbyists. 
Unfortunately, OCGOP Chairman Scott Baugh is not too familiar with the Triple Threat:  " the bureaucracy and the unions are hand in hand.  Any real reforms to the bureaucracy will be blocked by the Democrats in the legislature. " he says, echoing Assemblyman Chuck DeVore previous "I can't do anything" statement.  "It is my fundamental belief that until you break the grip that unions have on the legislature, you will not make much progress on busting the bureaucracies.  The Citizen Power Initiative is one excellent idea.  The pension reform initiative that was being circulated is another excellent idea.  In addition to these initiatives, there is an effort underway to provide education to local elected officials in the art of negotiations and the pitfalls of the MOU’s that are presented to them."  Chairman Baugh added.

From $299 month
 Call 949-639-WEBO
Organized labor
When president Obama a




Sunday, July 15, 2012

California Burning – Getting ready for a major Fire Season





By Chriss Street




California is one of the worst fire zones in the nation. As we go to press there are at least 10 major fires and over 55,000 acres of California burning. Major incidents include the Robbers Fire in Placer County, Mill Fire in Colusa County, Flat Fire in Trinity County, Panorama Fire in San Bernardino County, Sites Complex in Colusa County, Twin Fire in Riverside County, Seven Fire in Tuolumne County, La Grange Fire in Tuolumne County, Turkey Fire in Monterey County and the Fish Fire in Inyo County.



Every year thousands of acres burn, causing billions of dollars in damages and often the loss of life. According to statistical studies of fires, geography is the most important factor. Simply put, your home will be more likely to burn down if you build a home: in a wind corridor; on a steep slope or in a remote location surrounded by wilderness. But sometimes entire suburban communities also burn down. In preparing for this year’s fire season, I hope the following suggestions help protect your family from financial or personal loss this year.

RESILIENCE STARTS WITH COMMUNITY SELECTION

1. Going it alone puts you at greater risk than living near other people and living in a frequently place dangerous isn’t smart.

2. Most fires are started by flying embers carried by winds up to a couple of miles ahead of the fire front, and not radiant heat or the fire front itself. If your home is vulnerable to fires started by embers, your home will be much more likely to burn.

3. Homes surrounded by improperly maintained vegetation are more likely to burn.

THREE WAYS TO CORRECTLY MAINTAIN VEGETATION

§ Remove vegetation that touches or is very close to the home.

§ Plant and maintain non-native landscaping or grow vegetables for “foodscaping” in the area around your home. Keep native “brush” at a distance.

§ Trim trees of dead branches and remove dead grass.

CREATING “DEFENSIBLE SPACE”

Defensible Space is the landscape between your house and the potential fuel source (dense stands of native or naturalized vegetation) that is your responsibility as a homeowner to maintain to reduce fire risk. It is important to create two Brush
Management Zones with different requirements. It is common for municipal building codes to require a total of 100 feet of defensible space from the structure.
BRUSH MANAGEMENT ZONE 1 = typically extends 35 feet out from the structure towards the flammable vegetation on the level portion of your property:

· Generally must be permanently irrigated to maintain succulent growth.

· Should consist primarily of low-growing plant material, less than 4 feet in height with the exception of trees. Plants should be low-fuel and fire-resistive.

· All portions of trees, other than the trunk, which extend within ten feet of a structure or the outlet of any chimney, should be cut back.

· Trees adjacent to or overhanging any building must be free of dead wood.

· Roof and rain gutters of any structure must be free of leaves, needles, or other dead vegetative growth.

· Fences, gazebos, and decks should be non-combustible and/or have a minimum 1-hour fire resistance rating.

· Irrigation from Zone 1 must not run onto Zone 2, because it will encourage growth of flammable vegetation.

BRUSH MANAGEMENT ZONE 2 = is the remaining 65 feet that extends beyond Zone 1 and is usually comprised of native and/or naturalized vegetation:

· Should have NO permanent irrigation.

· Must be thinned and pruned on a seasonal basis to reduce the fuel-load of vegetation greater than 24 inches in height.

HOW TO THIN AND PRUNE BRUSH IN ZONE 2

Step 1: Remove as much dead wood/vegetation along with all weeds as you can within the Brush Management Zone areas.

Step 2: Thin the entire Zone 2 area. Start by cutting down 50% of the plants over 2 feet in height to a height of 6 inches. Don’t go any lower than 6 inches so the roots remain to control soil erosion. The goal is to create a “mosaic” or more natural look, so do your cutting in a “staggered” pattern. Leave uncut brush in groupings up to 400 square feet — that’s a 20x20-foot area, or an area that can be encircled by an 80-foot rope — separated by groupings of plants cut down to 6 inches.

Step 3: Thinning should be prioritized as follows:
a) invasive non-native species = weeds;
b) flammable native species;
c) native species
d) and then non-native species
Remaining plants, 4-ft or more in height, should then be cut and shaped into “umbrellas.” This means pruning one half of the lower branches to create umbrella-shaped canopies. This allows you to see and deal with what is growing underneath.
Upper branches may then be shortened to reduce fuel load as long as the canopy is left intact. This keeps the plant healthy, and the shade from the plant canopy reduces weed and plant growth underneath. Non-woody vegetation that is less than 4 feet in height, like coastal sage scrub, should be cut back to within 12 inches of the root crown.

Step 4: Dispose of the cuttings and dead wood by either hauling it to a landfill; or, by chipping/mulching it on-site and spreading it out in the Zone 2 area to a depth of not more than 6 inches.

Step 5: Thin & Prune annually, because plants will grow back.
These fire prevention preparations will not guarantee that you do not suffer damages from fires. But being prepared will dramatically increase the likelihood that your family will be safer than your neighbors if a fire burns in your community. For further information, please contact your county fire authority or city fire department. Be Safe!

Chriss Street will be on the “The Inside Education”, Streaming Live from Monday July 9th to Friday July 13th. Click Below to listen between 8-9 PM each night: http://www.mysytv.net/kmyclive.html