May 23, 2017

Orange County

Voice of OC: Santana: Could a housing bond end homelessness in Orange County?

Supervisors and county officials keep pointing to a few recent small steps seemingly expecting a standing ovation for two basic moves, which were both long overdue and still fall far short of meeting overall needs.

 

Voice of OC: Spitzer calls for federal takeover of OC District Attorney’s Office

Supervisor Todd Spitzer, a political foe of District Attorney Tony Rackauckas’ who is preparing to run for DA next year, requested the federal Justice Department takeover in a letter Monday to its leader, U.S. Attorney General Jeff Sessions.

 

OC Register: Part 1: This is how Disneyland looked in 1955

When Disneyland opened on July 17, 1955, there were sections of it that were not done. A reporter noticed all the construction still ongoing and asked Walt Disney if Disneyland would ever be finished. Disney replied in what has become an oft quoted quote: “Disneyland will never be completed, as long as there is imagination left in the world.”

 

Nation

Associated Press: US households owe record amount, topping pre-recession peak

The Federal Reserve Bank of New York said Wednesday that household debt, which also includes home equity lines of credit, stood at $12.73 trillion in the first quarter. That’s above the $12.68 trillion outstanding in the fall of 2008, the previous record. The figure isn’t adjusted for inflation or population size.

 

NY Times: Economists see little magic in tax cuts to promote growth

While taxes can create incentives that can promote growth, liberal and conservative economists alike said there was no evidence that the White House budget announced on Tuesday would do so.

Publication Date: May 23, 2017