Facebook’s Fall Takes Toll on State Revenue

On August 17, Facebook shares closed at $19.05.

Projections by Gov. Jerry Brown’s Department of Finance upon which the current state budget is premised say in November Facebook stock will trade at $35. The Legislative Analyst’s estimate is $45.

If those predictions are true then the state will pocket $1.2 billion, the Department of Finance says, and $2.1 billion by the analyst’s reckoning.

As of August 17, Facebook shares are trading at 54 percent of the amount the Brown administration wants them to be in November and 42 percent of the price the analyst predicts the shares will trade it in 90 days.

That means, as of August Read more »

Schultz Asks Judge to Deny Stay, Dismiss Lawsuit

(DES MOINES) Secretary of State Matt Schultz asked a Polk County judge to deny a stay and dismiss a lawsuit seeking to block the state from enacting emergency rules which facilitate the state’s access to a federal immigration status database. The lawsuit, filed August 8th by the American Civil Liberties Union (ACLU) of Iowa and [...]

Democrat Mark Clayton’s last presidential vote went to Constitution Party candidate criticized for hateful views

Mark Clayton, the Democratic Party’s unconventional, disavowed candidate for the U.S. Senate, didn’t push the button for party nominee Barack Obama in the 2008 presidential election. He said he voted for Constitution Party candidate Chuck Baldwin, a personal friend from … Continue reading