Explaining Southern California's economy

DeBord Report on 'America Now with Andy Dean,' March 16 edition

Listen in to my weekly business and economy report with Andy Dean on America Now Radio. We have some good fun in this segment, talking about lotteries and how playing when the jackpot gets WAAAYYY up there makes spiritual if not financial sense; market-based parking pricing in San Francisco and the legacy of Michael Bloomberg in New York; a Euro Vegas in Spain; why the Muppets actually are Goldman Sachs clients (I scooped the entire financial media on this one); and finally why liquor stores contribute to crime.

One small note: I mentioned the difference between Spain's financial crisis versus Greece's when we were discussing casino magnate — and Newt Gingrich SuperPAC funder — Sheldon Adelson's plan to play George Marshall and save Spain's economy, by building an unemployment-ending Euro Vegas in either Madrid or Barcelona. It was of course Spain — not Greece, as I said — whose banks fueled a property boom before the financial crisis. That was and is the difference between Spain's mess and Greece's mess.


Man defies Newt Gingrich, installs gun rack in Chevy Volt

First, Newt Gingrich insisted while on the campaign trail that you can't put a gun rack in a Chevy Volt, the gas-electric hybrid vehicle that Newt referred to as an "Obama car." 

Then General Motors, the company that builds the Volt, took the high ground in a post titled "We Did Not Engineer the Volt to Be a Political Punching Bag." The company — famously bailed out by a combination of the Bush and Obama administrations, the pushed through bankruptcy before emerging as a serially profitable enterprise — pointed out that you can put a gun rack in a Volt, but asked why you would want to. It's a durn sedan, after all.

The chap above set out to prove Gingrich wrong, quote literally. What's impressive here is not just that you can install a gun rack in a Volt, but that you can install one in about half an hour using $7 in materials.