WWW - Posts tagged Ious at BloggingStocks

ious posts

California I.O.U.'s have hit home -- ugh!

Posted Jul 10th 2009 6:00PM by Sheldon Liber (RSS feed)
Filed under: Other Issues, Bad News, Management, Rants and Raves, Scandals, Politics, Headline News, Recession, Financial Crisis

It was bound to happen. It is probably unavoidable for anyone to escape the cloud of California I.O.U.'s. Today one of my investment partners informed me that we received an I.O.U. from the State for space they lease in an office building where the State is one of the major tenants.

I'm sure our lender will be more than happy to take the I.O.U. instead of our regular mortgage payment -- for now -- maybe.

Continue reading California I.O.U.'s have hit home -- ugh!

Most Californians clamor for a tobacco tax increase

Posted Jul 8th 2009 3:10PM by Beth Gaston Moon (RSS feed)
Filed under: Rumors, Consumer Experience, Altria Group (MO), Recession, Financial Crisis

Ahhh ... California. Home of the Beach Boys, Napa Valley, and, just recently, IOUs. Indeed, the Golden State is in dire financial straits, and looking for any way out. One suggestion? Tax the smokers. A recent poll of state voters shows 70% in favor of a $1.50-per-pack increase in the state cigarette tax.

Breaking down the numbers across party lines, 78% of Democrats, 75% of independents, and 65% of Republicans approve of such a measure. But Republican leadership remains opposed to the idea. A spokeswoman told reporters "Tax increases aren't the answer. Neither is tying programs with increasing costs to a tax source that is declining."

Continue reading Most Californians clamor for a tobacco tax increase