Posts Tagged ‘cash’
California on the Brink: Fiscal Emergency Declared, Deficit Sky Rockets, S&P Downgrade
Thursday, December 11, 2008 15:01 No CommentsGov. Arnold Schwarzenegger has revised his previous estimated budget shortfall of $11.2 billion to $14.8 billion for the fiscal year. California’s budget deficit now predicted to hit $41.8 billion within 18 months.
Schwarzenegger attributes the deficit to the collapsing economy. Sales throughout the state have plummeted as has both personal and corporate tax revenues. The governor [...]
Kondratieff Vindicated? A Look at the K-Wave
Thursday, November 27, 2008 14:10 No CommentsKondratieff
Nikolai Kondratieff was a Russian Professor who, after the Russian revolution of 1917, was tasked with developing the “Five year plan” which researched and analyzed factors regarding economic growth for the Soviet’s. Kondratieff published his work in 1926 and because his findings seemed critical of the stated policies of Joseph Stalin, Professor Kondratieff was removed [...]
