Facebook IPO Promises Needed Revenue for California
[Newsmax.com]
Tuesday, 15 May 2012 04:25 PM
Facebook Inc’s initial public offering, in addition to minting a number of billionaires and millionaires, will offer something of a financial lifeline to cash-strapped California — generating more than $2 billion in revenue for the state. The state’s budget watchdog said on Tuesday it expects the IPO will generate $2.1 billion in revenue for California through the 2013 fiscal year. The outlook comes a day after Gov. Jerry Brown proposed a revised budget plan to address a swelling deficit for the tarnished Golden State.
Facebook, the No. 1 social network, expects to raise $12.1 billion in what would be Silicon Valley’s largest-ever initial public offering, dwarfing Google Inc’s 2004 market debut. Facebook, based in Menlo Park Calif., on Tuesday raised its target price range for the IPO to between $34 and $38 per share. With enthusiasm for the historic offering running high, investors stand to reap capital gains while the company’s 3,500-plus workers could grow wealthy through stock units and options — all of which would translate into tax revenue for the state.
Jerry Brown Suggests SEIU Take Republicans to Lunch
MichelleMalkin.com
**Written by Doug Powers
Because the fiscal nightmare that California has become is in part due to the free lunch culture run amok, Jerry Brown unwittingly waxes somewhat metaphorical with this one.
Gov. Jerry Brown said in a telephone town hall with state employees last night that partisan bickering is more rampant than it once was at the Capitol, and he suggested his tax plan might fare better if Service Employee International Union members plied the other side.
Obama Plans Jobless Aid Help for States
FoxNews.com
Associated Press
Published February 08, 2011
WASHINGTON — The Obama administration is proposing short-term relief to states saddled with unemployment insurance debt, coupled with a delayed increase in the income level used to tax employers for the aid to the jobless.
The administration plans to include the proposal in its budget plan next week. The plan was confirmed to Fox News late Monday by a person familiar with the discussions on the condition of anonymity because the budget plan is still being completed.
Rising unemployment has placed such a burden on states that 30 of them owe the federal government $42 billion in money borrowed to meet their unemployment insurance obligations. Three states already have had to raise taxes to begin paying back the money they owe. More than 20 other states likely would have to raise taxes to cover their unemployment insurance debts. Under federal law, such tax increases are automatic once the money owed reaches a certain level.
Media Influenced by Unions to Protect Status Quo of Big Government
BigGovernment.com
Posted Nov 1st 2010 at 9:47 am
With less than 24 hours until polls open in most of the United States, the media seems to have taken on the role of the young boy with his finger in the dike, doing their best to plug leaks that will hurt incumbent and liberal Democrat candidates so that voters will not have critical information to help them decide how to vote.
The media would have you believe that in California, former Governor Jerry Brown has already won with poll reports showing Meg Whitman trailing and Barbara Boxer surging to a low single digit lead over Carly Fiorina. Sources associated with the Whitman and Fiorina campaigns have indicated that internal polling actually shows Whitman and Fiorina to be much more competitive than the media would have you believe, and in some cases, beating Brown and Boxer who represent the relics of failed Democrat ideals.
Americans have come to understand the phrase “all politics is local” as immortalized by former House Speaker Tip O’Neill; however, all local politics are not reported equally.
I would like to share with you three examples where the media has been protecting politicians and an explanation of how the media is being influenced in their decision to not report these stories.
First, on October 19, 2010, with news cameras present in studio and rolling, it was revealed on The Rick Amato Show that Congressman Bob Filner (D-CA 51st) was having an inappropriate relationship with a Southwest Airlines corporate lobbyist. It was also revealed that Congressman Filner who serves on the House Transportation and Infrastructure Committee agreed to sponsor legislation impacting aircraft maintenance.
All of this occurred while Congressman Filner received nearly $30,000.00 from airline and aviation special interest groups, including Southwest Airlines Pilots’ Association PAC. Besides sexual favors, there seem to have been additional perks for the Congressman. At his urging, Filner received free airfare from Southwest Airlines for constituents to travel to Washington, D.C. The Congressman’s own office admits that it enlisted the support of Southwest Airlines to help with transportation expenses for the Chula Vista Park View Little League World Champions to travel to Washington D.C. where they met with President Barack Obama. He also arranged for airfare tickets for high school students from California’s Imperial Valley to travel to the nation’s capital, all free of charge.
Fiorina, Whitman leading in California
HotAir.com
posted at 8:45 am on October 19, 2010 by Ed Morrissey
printer-friendly
This goes in the opposite direction than other polls seen in the last few weeks, especially in California’s gubernatorial race, where Jerry Brown had begun to create a lead against Meg Whitman in other polls. Wilson Research Strategies, which does a lot of polling for Republicans, sees it differently. Last night, they released results of their California survey showing Whitman and Carly Fiorina with narrow leads over Brown and Barbara Boxer, respectively:
Carly Fiorina currently leads by three points against Barbara Boxer in the race for United States Senate from California.
U.S. Senate Ballot
Total Fiorina 46%
Total Boxer 43%
Total Other Candidates 5%
Undecided 6%Meg Whitman leads by one point in the race for Governor of California.
Governor’s Ballot
Total Whitman 45%
Total Brown 44%
Total Other Candidates 4%
Undecided 7%Conclusions
Republicans currently hold narrow leads in California’s top two statewide races this fall, though both remain very competitive.
The Top 7 Reasons Meg Whitman Will Beat Jerry Brown
BigGovernment.com
Posted Jun 9th 2010 at 5:59 am
Plain and simple: Meg Whitman will be the next Governor of California. After a long primary season, the general election matchup is set. Brown v. Whitman. Yesterday v. Tomorrow.
Here are your 7 reasons why Meg Whitman will be the next governor of California.
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