Like many transplants to Sacramento, before moving to the area I had little awareness of the plethora of quality-of-life amenities the region has to offer. As I complete my first decade as a resident, it has dawned on me that this has been the longest stop thus far in my professional career.
This year could provide some of the first expansions in bank lending since 2008. So is the market back up to speed? No. But banks are slowly and smartly increasing their appetites for commercial lending, and the Capital Region will see its share of transactions.
I am no fan of Measure U, the voter-approved sales tax that went into effect in April. New taxes are rarely the answer to economic malaise.
When he’s not jet-setting to Tahiti or hobnobbing with his best friend Tom Cruise*, Sean O’Brien is just a regular guy. He’s 29, single, never pays full price when shopping online and likes to snowboard with friends in Tahoe.
Congratulations Sacramento. You finally got the economic recovery you’ve been asking for.
It’s not as big or fast as you had wished for, but give it time. It should get stronger as we move toward 2014.
Taxes are en vogue these days, and not just at the state level where Gov. Jerry Brown is pushing a sales and income tax ballot measure. Eight California cities already gained general tax increases from their residents in the June elections; several more cities and counties will attempt to follow suit in November.
If the people of California won’t vote to tax Big Tobacco or Big Oil, why does Gov. Jerry Brown think they’ll vote to tax themselves?
On a morning in April, eight representatives of local banks and credit unions walked into the Sacramento Metro Chamber headquarters to discuss the region’s lousy credit situation.
The past few years have seen the biggest social upheaval against the banking industry in this nation’s history, and Capitol Hill lawmakers responded with 848 pages of legislation that liberal critics deride as weak and many conservatives call a job killer.
Jeff Michael, 42, is the director of the Business Forecasting Center at the University of the Pacific.