Detroit’s bankruptcy comes on the heels of similar filings in recent years by Vallejo and Stockton. Phil Matier, joined by former SF Mayor Willie Brown, says there are lessons to be learned.
Things are certainly speeding along, and in the right direction, for California auto dealerships. The Bay Area is no exception – local new car sales figures mirror those reported statewide.
California’s attorney general has filed a lawsuit against debt rating agency Standard & Poor’s, claiming it inflated its ratings of certain investments, costing the state’s public pension funds and other investors billions of dollars.
LAKE TAHOE (KCBS) – As Tahoe resorts report the first snow of the season, operators have been holding job fairs this as they look to hire around 15,000 seasonal workers, many of them local. Seasonal […]
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
The nation’s largest public pension fund reported a dismal 1 percent return on its investments, a figure far short of projections that will likely add pressure on California’s state and local governments to contribute more.
California is one of 10 states where home foreclosures have hit children harder than elsewhere in the nation, according to a study that documents the far reaching impact of the foreclosure crisis on the young.
The 2012 Economic Profile shows that the region has rebounded from the recession very well but still has some areas which it could improve upon.
Foreclosed properties in Vallejo are now under target by city officials who claim that some of them have become eyesores in the neighborhood. Officials are now proposing stiff fines for owners who let their properties go.
A report released Thursday claimed it will take another two to three years for the Bay Area to regain all jobs that were lost in the recession. However, the report also suggested that the road to recovery runs right through Silicon Valley.