Haddon Libby

Look Deeper into Voter Propositions

By | September 26, 2012 at 7:13 pm | 7 comments

California has a number of Propositions on the ballot this year.  Some are fairly straight forward and easy to understand while others are intentionally misleading.  Let’s look at a few below: Proposition 32 is the Paycheck Protection Initiative.  It was written to...

Posted in: Columns, Haddon Libby

Proposition 37 on Food Labeling

By | September 20, 2012 at 7:28 am | No comments

Proposition 37 is the Mandatory Labeling of Genetically Engineered Food Initiative.  Genetically engineered means that the genetics of the plant or animal were changed.  If a product that we eat was genetically engineered, you would now know.  The initiative also prohibits...

Posted in: Columns, Haddon Libby

The Real Unemployment Rate

By | September 12, 2012 at 6:09 pm | 17 comments

The headline unemployment number of 8.1% for August fell by 0.2% because fewer people were looking for jobs. This pointed out how useless this statistic is to knowing the true state of unemployment in the United States.   To understand the real unemployment rate, we need to...

Posted in: Columns, Haddon Libby


By | September 4, 2012 at 8:09 pm | 964 comments

California leads the nation in total debt at $618 billion, more than twice as much as New York.   Governor Jerry Brown took action to reduce some of this problem last week with pension reform.  Right now, California owes between $400 and $600 BILLION to retirees over the...

Posted in: Columns, Haddon Libby


By | August 29, 2012 at 5:39 pm | 913 comments

On the November ballot, proposition 35 increases prison sentences and fines for human trafficking while requiring convicted human traffickers to register as sex offenders, a categorization that is not mandatory at present. Human trafficking is emerging as one of the fastest...

Posted in: Columns, Haddon Libby


By | August 21, 2012 at 9:55 pm | 64 comments

Should California businesses pay more more in taxes on revenues derived from sales in California than businesses that do not reside in California? I will go out on a limb and say ‘no’. Why then did California Republicans object to Assembly Bill 1500, a bill that would tax...

Posted in: Columns, Haddon Libby


By | August 14, 2012 at 7:49 pm | No comments

by Haddon Libby I got a few people in high places upset with me recently because of an article I wrote on “The Misuse of RDA (aka Redevelopment Agency) Funds”.  I was told that I don’t understand government accounting.  Government accounting, I was told, is...

Posted in: Columns, Haddon Libby


By | August 7, 2012 at 10:13 pm | No comments

In commemoration of the one year anniversary of the downgrade in US Debt from AAA to AA, I thought you might like to see why we are more inclined to see the US debt rating fall in the not too distant future. This is important to you as the failure to solve this problem will...

Posted in: Columns, Haddon Libby


By | July 31, 2012 at 11:22 pm | 396 comments

“We cannot solve our problems with the same thinking we used when we created them,” said Albert Einstein.  Applying this statement to the current state of the local and national economies, I got to thinking about the paths toward a sustainable and robust recovery. The...

Posted in: Columns, Haddon Libby


By | July 24, 2012 at 9:18 pm | 383 comments

Cities throughout California are having severe budget problems due to rising pension and health care benefits for city retirees, lower sales and property taxes and the loss of their Redevelopment Agencies (RDAs). RDAs were meant to remove blight while improving city tax...

Posted in: Columns, Haddon Libby

Whittling Away At Constitutional Rights

By | July 18, 2012 at 3:05 pm | 829 comments

Since the creation of the Magna Carta 797 years ago, English speaking people have lived with this freedom: “No free man shall be imprisoned...nor will we proceed with force against him...except by the lawful judgement of his equals or by the law of the land.” Thomas...

Posted in: Columns, Haddon Libby


By | July 11, 2012 at 8:57 pm | No comments

In 1972, George Carlin spoke of the seven words that you cannot say on television. Forty years later, the Department of Homeland Security (DHS) was sued for the release of the 500 words that you should not say on Twitter or Facebook unless you want to risk the DHS monitoring...

Posted in: Columns, Haddon Libby

Independence Day: A Call to Action

By | July 3, 2012 at 8:36 pm | 685 comments

by Haddon Libby Independence Day: A Call to Action Our founding father, John Adams, wanted the Fourth of July to be remembered as a “festival...commemorated, as the day of deliverance by solemn acts of devotion to God.” As he and our founding fathers saw it, the reason...

Posted in: Columns, Haddon Libby


By | June 26, 2012 at 10:56 pm | 473 comments

Remember Pink Slime, that ammoniated boneless lean beef trimmings made of previously inedible beef byproducts like fat and connective tissue that were used in pet food and cooking oil until it snuck into 70% of all hamburgers eaten in the United States and sold by McDonald’s,...

Posted in: Columns, Haddon Libby

Is This As Good As It Gets for the Economy?

By | June 19, 2012 at 10:06 pm | 1,602 comments

By Haddon Libby Was Obama’s statement last week that “the private sector is doing fine” a mistaken statement? Personally, I don’t think it was a gaffe. From his perspective, the private sector is fine with jobs growing albeit at a painfully slow pace. Over the last...

Posted in: Columns, Haddon Libby

California’s Genetically Engineered Food Act

By | June 13, 2012 at 3:53 pm | 1,251 comments

In November, Californians will be voting on a fairly simple ballot initiative: Do you have the right to know what is in your food?  Should you know if the food you are buying includes a Genetically Engineered Crop (GE) also called a Genetically Modified Organism (GMO)? Early...

Posted in: Columns, Haddon Libby

The Food Nanny State

By | June 5, 2012 at 9:02 pm | 1,541 comments

As I sat down to write this week’s article with a can of cold, refreshing, sugar-free, zero-calorie Coke Zero, I decided to take a look at the debate raging over the ban on the size of sodas in New York City. Going forward, New Yorkers will have to buy their sodas in...

Posted in: Columns, Haddon Libby

The Path to Lower Fuel Prices

By | May 30, 2012 at 8:10 pm | 1,390 comments

With gasoline prices stubbornly over $4.00 per gallon, what can be done to lower your fuel costs while becoming energy independent as a country? The solution is easier than you might think. Let’s start with something simple like your car. With natural gas prices at...

Posted in: Columns, Haddon Libby

PacWest Goes Hostile

By | May 24, 2012 at 9:32 pm | 1,562 comments

In a rare move in banking, Pacific Western (PACW) launched a hostile bid for rival First California Bank (FCAL) of Westlake Village earlier this month with a stock offer valued at $212 million or a 32% premium to to the value of FCAL at the close of business on May 3rd. Both...

Posted in: Columns, Haddon Libby

Crowning Achievement Neutered

By | May 16, 2012 at 10:00 pm | 782 comments

Obama touts Banking and Financial Reform as one of his crowning achievements. At the bill signing only two years ago, Obama stated, “These reforms represent the strongest consumer financial protections in history.” It was supposed to insure that the people responsible for...

Posted in: Columns, Haddon Libby

California is #1 (but that’s not good)

By | May 9, 2012 at 10:09 pm | 951 comments

The eighth annual survey of 650 business leaders by ChiefExecutive.net found California ranked as the worst state for business. The ranking is due to a mix of high taxes and overly stringent regulations. The unemployment rate proves this out as the state has an official...

Posted in: Columns, Haddon Libby


By | May 2, 2012 at 9:31 pm | 1,310 comments

The Cyber Intelligence Sharing and Protection Act (CISPA) is either a critical tool in fighting crime or a violation of the Fourth Amendment of the U.S. Constitution. The Fourth Amendment reads as follows: “The right of the people to be secure in their persons, houses,...

Posted in: Columns, Haddon Libby

JOBS Act Explained

By | April 25, 2012 at 8:37 pm | No comments

A few weeks ago, President Obama signed into law the Jumpstart Our Businesses Act aka JOBS Act.   The legislation makes it the easiest that it has been in decades to raise capital.  The JOBS Act is actually a collection of Acts:   The Capital Expansion Act allows...

Posted in: Columns, Haddon Libby

Habitat for Humanity Hopeful Despite Loss of Redevelopment Funds

Habitat for Humanity Hopeful Despite Loss of Redevelopment Funds

By | April 24, 2012 at 11:47 pm | 1,036 comments

By Marissa Willman   As cities and organizations across the state scramble to pick up the pieces of the recently shattered redevelopment agencies, Habitat for Humanity of the Coachella Valley Director Jeff Moritz is trying to redefine the way his organization operates...

Posted in: Columns, Feature Stories, Haddon Libby


By | April 19, 2012 at 9:55 pm | No comments

The STOCK Act (Stop Trading on Congressional Knowledge Act) was passed into law last month, a full six years after first being introduced to Congress by Representatives Louise Slaughter of New York and Tim Walz of Minnesota.  The act is fairly simple - elected officials and...

Posted in: Columns, Haddon Libby


By | April 11, 2012 at 12:05 am | 415 comments

If you are like me, you will be working frantically this weekend to get your taxes done...or at least the extension form that gives you another six months to get your taxes done. In honor of this historically unpleasant day, let’s look at a few of the less obvious tax...

Posted in: Columns, Haddon Libby

Under 55? Congress Has Gutted Your Social Security

By | April 5, 2012 at 12:14 am | No comments

Under 55? Congress Has Gutted Your Social Security If you are under 55, there is a strong likelihood that Social Security will barely be there for you when you retire.   As touching Social Security benefits is the third rail of politics, the way Washington DC achieved the...

Posted in: Columns, Haddon Libby