In January, the Treasury Department announced that the federal government is on track to borrow almost $1 trillion this fiscal year. That’s almost double what the government borrowed in fiscal year 2017. According to documents, the U.S. Treasury is expecting to borrow $955 billion this fiscal year, which is the highest amount of borrowing in […]

The state’s electric vehicle market did considerably well last year and will continue to grow this year. California is on pace to reach 1.5 million zero-emission vehicles by 2025, which is earlier than the target set by Gov. Jerry Brown. This is according to a report released last month by Next 10, a Silicon Valley-based […]

A surprising thing has been revealed by researchers regarding a trend in California migration. It turns out that the populations of inland counties are growing faster than that of urban coastal counties such as San Joaquin and Sacramento. Around 2014, Phuong Nguyen, who is a research specialist at the California Department of Finance, began noticing […]

CashCall, an Orange County personal loan lender, and its owner, J. Paul Reddam, were ordered to pay $10.3 million for violating consumer protection laws. However, the fine is only a fraction of the $287 million in penalties and restitution sought by the federal Consumer Financial Protection Bureau (CFPB). The CFPB sued CashCall in 2013 and […]

The housing industry is eagerly courting a group of consumers, aged 20 to 36, that real estate professionals call Hispennials, which is a mash-up of Hispanics and Millennials. Rick Arvielo, CEO of Tustin-based New American Funding, states, If you look at the Latino population, their demographic is younger and they are just starting to buy […]

The Wall Street Journal reports this morning that “California Municipalities’ Debt Disclosures Contrast With Climate Warnings.” As you probably know, at least seven local governments in California are suing the oil and gas industry in an effort to hold them financially responsible for rising sea levels; however, when they sold debt to investors in the form of bonds, […]

A former executive at a California tax agency alleges that he was punished for cooperating with criminal and financial investigations into the Board of Equalization and has decided to appeal his recent termination. Mark DeSio, who was the agency’s former communications director, claims in his complaint that he was threatened by elected Board of Equalization […]

Last month, state regulators seized troubled Santa Rosa-based State Assistance Fund for Enterprise, Business and Industrial Development Corporation (SAFE-BIDCO) and announced plans to liquidate the state-chartered nonprofit. The 36-year-old organization, which is devoted to helping small businesses obtain loans, had been under scrutiny after a scathing state audit in April found that it risked going […]

By Damon Dunn The U.S. economy has undergone major shifts from the time of our founding, transitioning from agriculture to manufacturing to services now comprising the majority of our economic output. Free market advocates have rightly pointed out that our economic growth has occurred as a result of free enterprise; by millions of individuals communicating […]

According to 2016 vehicle registration data collected by auto industry watcher IHS Markit, where you live in California can influence what car you buy. For example, a Bakersfield resident in the market for a new car last year more than likely purchased a light-duty pickup truck, where as someone living in the San Francisco Bay […]