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Conjuring Magic To Cover States’ Debts

Conjuring Magic To Cover States’ Debts

And it’s not just California. Orin Kramer of New Jersey’s pension program estimates a national funding gap among all the states of around $2 trillion. The Center on Budget and Policy Priorities, a Washington research institution, announced that “finances in Arizona, New Jersey, New York and other states show few signs of improvement. Forty-​​six states face budget shortfalls that add up to $112 billion for the fiscal year ending next June [2011].” The May/​June issue of Chief Executive magazine published its annual “Best and Worst States for Business 2010” and gave its “booby” prize for worst state to California, with New York, Michigan, New Jersey, and Massachusetts rounding out the bottom five.

GM Advertises against Colorado bill

GM Advertises against Colorado bill

General Motors is exercising its newly-​​granted free speech rights to air ads against Colorado House Bill 1049.

Toyota—The Jihad Continues

Toyota—The Jihad Continues

To put things into perspective, Toyota sold 363,000 Corollas in 2009 and have sold another 136,000 so far in 2010, for a total (at this writing) of just under 500,000 vehicles.