Category Archives: Economy

Does Your Bay Area Neighborhood Have a High Wells Fargo Foreclosure Rate?

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California is still struggling to get back on its feet after a devastating housing crisis. And Wells Fargo is partly to blame for the sluggish recovery because it is refusing to modify home loans, according to a coalition of homeowners … Continue reading »


National Parks' Benefit to Bay Area: $445 Million

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Point Reyes Station, a pastoral West Marin outpost, has a population of 848. But on one recent weekday, parking is tight on the town’s main street and there is a steady stream of foot traffic. Steve Costa, co-owner of Point … Continue reading »


How Sequestration Budget Cuts Could Affect California

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Update: Barack Obama warns of kids going without vaccination and other severe effects of sequestration. There's no question California will suffer if Congress can't reach a budget deal. The "sequester" cuts scheduled to start March 1 would hit schools, health … Continue reading »


Which is Better: California or Texas? What the Numbers Say

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First, let's put aside all talk of ten gallon hats vs. tie-dyed T-shirts, of  Tex-Mex chili vs. California rolls. There's just no accounting for taste. And Texas Gov. Rick Perry, probably won't make his pitch to California businesses on the … Continue reading »


California's Baby Boomers on Track to Overwhelm State's Younger Working Adults

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Think of it like a mushroom. Up near the top, there’s a big, fat cap of Baby Boomers; down below, the stem is struggling to hold up under the weight. USC’ Dowell Myers says The Day of Demographic Reckoning has … Continue reading »


Calif. Joins Lawsuits Against Standard & Poor's Over Mortgage Crisis

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California Attorney General Kamala Harris on Tuesday joined the U.S. Justice Department and 12 other states in suing Standard & Poor's credit rating agency for allegedly inflating its ratings of mortgage-backed securities. The suit claims that S&P's inaccurate ratings caused … Continue reading »


California's Bond Rating Upgraded by S&P, But Still 2nd Worst in Nation

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by Laird Harrison and Jon Brooks Take that, California-fiscal-situation-basher Mitt Romney. It's not just Gov. Jerry Brown who thinks the state's future looks bright — or at least brighter. California's improved budget has prompted Standard & Poor to upgrade its … Continue reading »


Is Whole Foods Too Expensive? A Response from Co-Founder John Mackey

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Whole Foods co-founder and co-CEO John Mackey said it's a complaint he hears all the time: the food at his stores is too expensive. But if you think that's true, Mackey said, you can always shop somewhere else. “If people … Continue reading »


Who Killed the UC Logo? 3 Suspects

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In today's world, the success of a design can be influenced by three separate yet perhaps equally important groups: the designers who create visual brands; the online commenters who criticize them; and the reporters who write about the  controversies. These … Continue reading »


Calif. Jobless Rate Steady, Bay Area Adds Jobs

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California's jobless rate stayed stuck at 9.8 percent in December, but Bay Area rates were much lower, according to a report from the Employment Development Department. Statewide unemployment dipped below 10 percent in November for the first time since the … Continue reading »