Wildfires, Smoke During Pandemic Intensify Economic Pain In California, West CoastWildfires are destroying property, running up huge losses for property insurers and putting a strain on economic activity along the West Coast that could linger for a year or more.
Bay Area Economists Weigh In On Whether U.S. Is Headed For Depression From COVID-19With new unemployment figures showing 20 million American jobs lost in the month of April alone, KPIX 5 asked two Bay Area experts to explain where the U.S. could be headed at this historic economic moment in time.
Moody's Stress Test Finds California Would Fare Poorly In RecessionAmong the big states, the California is the least able to ride out the next recession, according a stress test performed by Moody's Investor Service.
Statewide Teacher Shortage Hits The Bay Area HardSome San Francisco Bay Area school districts are working hard to attract new educators amid a statewide teacher shortage.
Bay Area Baby Boom Possibly Triggered By Improving EconomyBay Area hospital delivery rooms are keeping busy with a rise in births after a slowdown during the recession.
Some Fear Auto Industry Returning To Bad HabitsAs the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road.
May Car Sales Return To Pre-Recession LevelsGood weather and a strong Memorial Day weekend helped car buyers ignore reports of recalls, pushing car and truck sales up more than ten percent in May.
Bulk Of Gov. Brown’s Revised State Budget Would Go Towards Medi-Cal California Gov. Jerry Brown unveiled his revised state budget on Tuesday, which is $1 billion more than the original he submitted in January. The majority of the funds would go to health-care costs for the poor.
Analysis: With Bay Area Rents At Record Highs, How Do We Find Relief? According to a new report, rent across the Bay Area has reached record highs. The region has averaged nearly double-digit rises annually for the last three years.
Enrollment In State’s Food Assistance Program More Than Doubled During Recession Participation in CalFresh, California's food assistance program, more than doubled during the economic downturn according to information coming out of the state legislative analyst’s office.
Phil Matier: Lessons From Detroit’s Bankruptcy 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.
New Car Sales Surge Across CaliforniaThings 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 Attorney General Sues Standard & Poor’s Over Investment RatingsCalifornia’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.
California Ski Resorts Hiring More Locals
Opinion: Auto And Bank Bailouts Prove EffectiveOn 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.