Alan Auerbach

A sign welcoming Facebook is flashed on a screen outside the NASDAQ stock exchange at Times Square in New York, May 18, 2012. (Emmanuel Dunand/AFP/GettyImages)

Hopes For California Facebook Windfall Sink As Stock Slides To All-Time Low

Shares of Facebook plunged to all-time lows after early investors and insiders were allowed to sell their shares Thursday, dimming California’s hope for a capital gains windfall that would help balance the state budget.

08/16/2012

Credit card transaction, economy, commerce, retail,

KCBS In Depth: The Economy

An interview with UC Berkeley Professor of Economics and Law Alan Auerbach on the fluctuating state of the economy and what needs to be done to improve it.

CONNECT WITH KCBS–08/14/2011

(CBS)

Report Says Balanced Budget May Require Overhaul Of California Tax System

Immunizing the California budget against revenue fluctuations means moving away from the state’s heavy reliance on income taxes, according to a prominent UC Berkeley economist.

CONNECT WITH KCBS–06/09/2011

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