The U.S. economy is suffering under crippling deficits, massive debt, and record unemployment. The country needs fresh ideas, novel solutions, and unorthodox measures to stimulate job growth, pay down debt, and balance its budget. Independents will be watching for policy proposals and candidates, who think outside the box, can make the tough decisions, and challenge the status quo when it comes to leading the economy out of a recession. This section will cover breaking news and developments related to the economic health of the country, states and individual citizens.
According to a poll commissioned by Generation Opportunity- a new non-profit, non-partisan organization that’s interested in reaching 18-29 year old Americans on the nation’s economic issues- young Hispanics want to see an across-the-board reduction in the federal government’s interference in the economy.
The USDA’s Farm Service Agency (FSA) has announced its Conservation Reserve Program (CRP) contracts for the 2012 fiscal year. Over 114,000 acres of marginal California farmland have been enrolled in the federal conservation program designed to increase wildlife habitat.
Ordinarily, if a large corporation has a physical presence in a state, then that state can charge sales tax on transactions. California, in a desperate attempt to raise more money, has decreed that Internet transactions are now taxable even if the company has no physical presence in California and the goods were shipped from, say, Nevada to Missouri.
California ranked dead last in a poll of 556 CEOs asking which state is the best place to do business. While CEOs are certainly not an unbiased lot, they also have considerable say in where to open new facilities. And it appears they would rather be hung upside down than do business in California.
California continues to buck the national export trend with May marking the 19th consecutive month of growth for the state. This according to an analysis of new U.S. Commerce Department figures by Beacon Economics. Their report indicates that international trade will continue to furnish the state with a much needed economic boost amid weak job growth.
As Republicans and Democrats intensely spar over raising the nation’s debt ceiling, the first official ad from 2012 presidential contender Rep.
Home prices are up 20% this year in parts of Silicon Valley. Not only is there a tech boom going on, it is accelerating. Employees of companies that recently went public (or are about to) can afford to bid up home prices. Bidding wars are happening again.
