What, exactly, does the word mean? Voices from the community say what they think.
California kids will miss their vaccinations. California toddlers will go without Head Start preschool. Workers will go on furlough from California military bases. These are some of the dire consequences that President Barack Obama outlined for the state on Monday if the automatic spending cuts from the sequester bill go into effect. “We cannot simply […]
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 care, parks, transportation — just about anything connected to government. On Friday, U.S. Transportation Secretary […]
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 beginning of the recession. All the Bay Area counties had jobless rates under 9 percent, […]
(Bay City News) While much of the state and the country grapples with joblessness, San Francisco is seeing growth in Internet and biotech jobs, according to new data released by San Francisco County Assessor-Recorder Phil Ting. Ting’s data suggests that 21st Century jobs are growing in San Francisco neighborhoods such as South of Market, South […]
Although foreclosures in the state have hit a five-year low, real estate experts say millions of Californians who owe more on their homes than they are worth might not see their situation improve for years. “It’s a huge drain on the economy,” said Dean Baker, co-director of the Center for Economic and Policy Research, a […]
Not making the kind of money you expected? You are in good company. California’s economy is falling behind “where it should be” according to an analysis released today by the University of California, Los Angeles’ Anderson School of Management. The economic research center issued a report Wednesday looking into the future of the economy, both […]
The stock market drop is the news of the day. So what does the down graph mean for the Bay Area? The immediate consequence was the stocks of many big local companies dropped. For one take on larger picture, I called Christopher Thornberg, a principal with San Rafael-based Beacon Economics. He had two predictions for […]