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Posted on October 12 at 6:55 a.m.
EB - Do some research. The US Dollar is strong because both the Eurozone and Japan are trashing their respective currencies while we are trying to end QE.
The US trade deficit is relatively unchanged for the last number of years, so if petroleum has been exported, it has been offset by other things.
Your speculation about the recent increase in the value of the dollar having a relationship to oil exports is completely unfounded, but whatever it takes to turn the public against the oil industry, right?
On The Naked Truth
Posted on October 11 at 7:45 p.m.
And just for clarification, the California Nurses' Ass'n isn't a professional association, it's a radical labor union. Their agenda is so radical, they didn't support Gore in 2000, they supported Nader.
On Stop Health Insurance Rip-Offs
Posted on October 4 at 5:31 p.m.
rk - you can thank QE for that. Money seeks yield. There is no yield in bonds so it is sought in stock and real estate. I don't think speculation changes the supply/demand equation, but it does make those speculators more aggressive in seeking rent increases than if the properties were owned by long-term landlords.
On To a Distant, Vengeful Dog
Posted on October 3 at 10:15 p.m.
The rape of men is rare, except in prison.
On Sex and Rape in Isla Vista
Posted on October 3 at 8:42 a.m.
C'mon Dr. Dan. If the oil's not produced here, it will be produced somewhere else, and more likely produced in a manner that's more destructive to the environment.
On Mail in voting begins October 6. What say you on Measure P?
Posted on October 2 at 8:07 a.m.
Another Tabatha mischaracterization.
Here is what the CBO actually said.
"CBO examined the budget impacts of raising the minimum wage to $9 and $10.10. The report concluded that a $9 increase would lift 300,000 workers above the poverty line, but cost 100,000 new jobs as employers are expected to reduce workforces to make up for higher wages. A $10.10 increase would lift 900,000 workers above the poverty line, but cost 500,000 jobs."
Posted on October 2 at 6:27 a.m.
The CBO has estimated that an increase in the minimum wage would result in better pay for some and unemployment for others. There would be no real net economic benefit.
As far as the freeway widening goes, it should be done, it needs to be done. Traffic will only get worse at that only two lane bottleneck between LA and Goleta.
Posted on September 30 at 6:54 a.m.
There is little to be done. Supply and demand will always set market rental rates. Unless demand suddenly decreased for any reason, the only other option to lower rents would be to increase supply. There is also little will do do that here.
There is no real solution to high rents in Santa Barbara just as there is no solution to high rents in any other wealthy beach community. I would challenge anyone to find a highly desirable wealthy community with high Real Estate prices yet has low rents. I say you will never find that. There may be adjacent communities with low rents, but we already have those.
On Rent Control Is Not the Answer
Posted on September 28 at 10:16 a.m.
Maybe the actual GDP is distorted by not counting certain illegal and undercounter transactions. However, if you start applying estimates to add to the current GDP, in order to obtain historical accuracy, you would need to apply this to all past GDP statistics.
You don't want GDP rate to be corrupted the same way inflation rate has been corrupted over the years by politicians seeking to pad the numbers during their administrations by by doing no more than changing the way the rate is calculated.
So Harley may be right that the GDP rate as calculated is incomplete. However, changes in the official rate shouldn't be made just to make politicians look good.
On Limitations of GDP: Economic Activity That Isn't Counted
Posted on September 26 at 1:30 p.m.
Storke and Hollister is going to beat the others by a long shot when that new development is built. The line to get on the south-bound 101 is already to die for.
On Which intersection has become intolerable?