A split City Council moves ahead with plan to seize underwater mortgages to force better loan terms.
Last week, we wrote about a new budget calculator released by the Economic Policy Institute (EPI) that attempts to offer a contrast to the Federal Poverty Guidelines, which say a family of four is “officially” poor only if it earns less than $23,550. What EPI hoped to do was illustrate that in plenty of places (the […]
Anyone who lives in the Bay Area knows it’s not cheap. Rents in San Francisco are notoriously high and rising, trickling out to affect housing costs around the region. Then there are the great restaurants that must be tried, the health care necessities that must be paid, child care, transportation — and that all adds […]
Two years ago San Jose’s budget looked grim. Mayor Chuck Reed warned the City Council that the city might have to close all its branch libraries, and lay off all its crossing guards and park rangers and some police. On Tuesday night the City Council was looking at a much brighter picture. It passed a $2.6 […]
Ka-ching! You could see the dollar signs dancing in the eyes of Bay Area leaders when the National Football League announced that the region would host the 2016 Super Bowl. The championship game will take place at the 49ers’ stadium now under construction in Santa Clara. And no one sounded more jubilant than Santa Clara […]
Several thousand people marched for workers’ rights and immigration reform on May Day in San Jose. (Deborah Svoboda/KQED) Dancers performed outside San Jose City Hall as part of the May Day rallies. Speakers from local labor unions and immigration rights groups called on the U.S. Congress to pass the immigration reform bill proposed in the […]
Grover Norquist, president of Americans for Tax Reform, is best known for the tax pledge that his group asks Republican candidates and politicians to sign. The pledge basically says that the signee will not support new taxes or reductions to current tax deductions and credits, in any shape or form. Norquist joined KQED’s Forum to […]
SACRAMENTO, Calif. (AP) — A judge accepted Stockton’s bankruptcy application on Monday, making it the most populous city in the nation to enter bankruptcy. U.S. Bankruptcy Judge Christopher Klein said the bankruptcy declaration was needed to allow the city to continue to provide basic services. “It’s apparent to me the city would not be able […]
Quick, what is California doing as well as Mississippi and Nevada but worse than all the other states? As you might have guessed from the headline of this post, the answer is “hire people.” In February, the Golden State’s jobless rate drifted down to 9.6 percent in preliminary estimates. It’s only a modest drop from […]
In one widely publicized case, the owner spread possum urine around the house, turned up the heat and closed all the windows for a few days. Why?