Archive for depression

It’s Time to Tax Empty Storefronts in Eureka

Posted in Uncategorized with tags , , , , , , , , on December 21, 2012 by highboldtage

The economy is cratering in Eureka.   How many empty storefronts in Eureka?  Anyone keeping tabs?

Its time to tax empty storefronts.   How about a monthly 25 cent per square foot tax on empty storefronts?  That would cost the landlord (many of them absentee landlords) of an empty 1,000 square foot shoppe about $250 per month and would incentify them to reduce their rents and rent to entrepreneurs.

This would bring needed revenue to the city and it would stimulate the local economy.

Any landlord who failed to pay the tax would have a lien slapped on and the city could take the property and sell it on the open market to someone who is serious about renting the property.

What do you all think?

have a peaceful day, Bill

PS Anyone who might want to talk about an initiative campaign to pass this ordinance in Eureka please contact me

Thanks to Fred Mangels for spreading the word on this proposal

If we can get about 10 people we can form a committee, firm up the proposal and present it to the city council for starters.  If they refuse to act and we still believe in it then we can pursue the initiative process.  It will take about 10 people.


The Governement Bubble – National, State, Local…

Posted in Uncategorized with tags , , , , , , , on December 21, 2012 by highboldtage

Here are a couple of reposts from HighBoldtage Mar. 2010:

The Government Bubble:

It turns out that the bubbles that we have recently experienced – housing, derivatives, banking, insurance, stockes and so on were not just economic bubbles.  It appears that there was also a bubble in government at the same time, and this bubble is now bursting.

California is the poster child for this, with recent furloughs and i.o.u.s for state payments, but this week Los Angeles is starting to lay off 4,000 employees.  Cities all over California are beginning to downsize, along with school districts and transportation systems.  It looks like before it is over a hundred thousand or more government workers in California will soon be unemployed and the ripple effects of that will be immense, particularly in Sacramento.  Also heavily impacted will be the small rural counties like Humboldt where government payrolls account for 30% or more of the local economy.

The Federal government has its own bubble to deal with, with out of control deficit spending it will be unable to bail out the states.  The states will be unable to bail out the cities and counties.  You are on your own.  The Bubble Government is bursting.

have a peaceful day,


The Government Bubble in Humboldt County

There is one trend that is unmistakable in Humboldt County government:  It has gotten more expensive very quickly, at least as quickly as those dastardly insurance rates.  In just four years, county expenditures have gone up 41%, more than 10% per year.  How does that stack up to your personal experience, Joe Six Pack?

To put this nicely, if the county government increase had been limited to roughly the official inflation rate (lets say around 3%) then the county expenditures exceed that now by some $60,000,000 per year, and rising.  It is possible that Humboldt County residents are getting $60,000,000 worth of services now from their county government  that they didn’t get in 2004.  If so please inform us.  It is also possible that we are paying a lot more for the same thing we were getting in 2004.

Why the Greek rescue isn’t going to plan

By Mohamed El-Erian

Published: April 7 2010 15:53 | Last updated: April 7 2010 15:53

It should be apparent to all by now: despite the rhetoric out of some European capitals, the Greek rescue package is not going according to plan.

Buoyed by a cyclical recovery, markets around the world have yet to recognise the complexity of this situation. When they do, it will also become apparent that Greece is part of a wider, and historically unfamiliar phenomenon – that of a simultaneous and large disruption to the balance sheet of many industrial countries. Tighten your seat belts.

Mohamed El-Erian is chief executive and co-chief investment officer of Pimco

Copyright The Financial Times

Bank Run In Europe – Rough Weekend for Global Financial Weather

Posted in Uncategorized with tags , , , , , , , , , , , , on May 25, 2012 by highboldtage

On Monday Gavyn Davies, who chairs Fulcrum Asset Management and is an adviser to the British government, wrote in the Financial Times:

“A bank run is now happening within the eurozone. So far it has been relatively slow and prolonged, but it is a run nonetheless. And last week, it showed signs of accelerating sharply, in a way which demands an urgent response from policy-makers.”

more from google news:

Ukiah Restaurant Shuts – 65 Newly Unemployed

Posted in Uncategorized with tags , , , , , on January 17, 2012 by highboldtage

via Ukiah Daily Journal:

Branches abruptly closes doors, 65 without jobs

Owner hopes to reopen, says closure is ‘regrouping’
Updated: 01/11/2012 05:55:59 PM PST

“Branches, the enormous restaurant complex on Airport Park Boulevard which included a meat market and bakery, closed Wednesday morning.

The restaurant’s Facebook page and a sign on the doors said it is closed for repairs and remodeling, but numerous employees reported they were told to leave as soon as they reported for work Wednesday and that the locks had been changed.”

I Tried to Warn You….

Posted in Uncategorized with tags , , , on August 8, 2011 by highboldtage

way back on June 2….

Poll: Where will the U.S. economy be in 12 months?

Posted in Uncategorized with tags , , , , , on June 20, 2011 by highboldtage

Poll:  Where will the U.S. economy be in 12 months?

or on polldaddy: 

Federal Debt Hits Ceiling Today, Geithner Starts Tapping Pension Funds

Posted in Uncategorized with tags , , , , on May 16, 2011 by highboldtage

Don’t worry.  Just think Greek.  Stop whining.