Small business owners’ optimism skyrockets following Trump victory

[Source: Bloomberg Markets] Small businesses seem to like a unified Republican government. President-elect Donald Trump’s victory in the U.S. elections is a giant leap for small businesses, according to a survey of their owners. The November reading of the National Federation of Independent Businesses’ small business optimism index jumped to 98.4 from 94.9 — its Read More…

Brown probably won’t leave budget deficit, but future cloudy

[Source: The Sacramento Bee] California’s gubernatorial transitions have included a less-than-stellar tradition in recent decades – outgoing governors leaving budget deficits to successors. The current governor, Jerry Brown, started the syndrome in 1983 when he departed after his first gubernatorial stint and left a $1.5 billion budget hole – big money in those days – Read More…

Here’s why the Legislature’s moderate Democrats see the ‘Mod Squad’ growing on election day

[Source: The Los Angeles Times] Late last year, after a group of self-described moderate Democrats successfully watered down a landmark climate change bill pushed by Gov. Jerry Brown and fiercely opposed by the oil lobby, a flurry of headlines trumpeted the rise of the so-called Mod Squad in Sacramento. But 2016 has not been as kind to Read More…

Is shipping the next financial crisis?

[Source: Port Technology] The Hanjin Shipping collapse rocked the shipping industry; the seventh largest shipping company operating at the time filing for receivership and leaving its vessels abandoned across the globe was potentially a warning sign for things to come for other industry actors. It was reported by Port Technology that Hanjin Shipping was having Read More…