Tag: recession
California assemblyman announces marijuana legalization bill
by Angelo Carosio on Feb.24, 2009, under Blog
Always wanting to be a step ahead of other states and currently in the middle of a terrible budget deficit to the tune of $16 billion due to the recession, California may become the first state in the U.S. to legalize marijuana for recreational use and therefore make a killing off of taxes on the drug.
The Snitch, the San Francisco Weekly’s blog, broke the news yesterday that Assemblyman Tom Ammiano will introduce legislation to legalize marijuana in all forms, removing “all penalties in California law on cultivation, transportation, sale, purchase, possession, or use of marijuana, natural THC, or paraphernalia for persons over the age of 21,” according to Ammiano’s press secretary Quintin Mecke.
Your guide to the financial crisis
by Angelo Carosio on Feb.08, 2009, under Articles
This article originally appeared in the October 8, 2008 issue of The Spectator
“Entire economy is in danger,” read the front page of the Seattle Post-Intelligencer Sept. 25, quoting George W. Bush. Five days later the headline read “Economy in shock,” in response to the 700 point drop in the DOW Jones Industrial Average that occurred the day before. The next day, a headline in the Wall Street Journal referred to this meltdown as “the worst financial crisis since the Great Depression,” and the United States government began talking about using 700 billion dollars of the taxpayers’ money to “fix” the problem.
But what is the problem, exactly?