CalPERS Reports Dismal 1 Percent ReturnThe 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.
Report Tracks Foreclosure’s Overlooked Impact On California ChildrenCalifornia 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.
Economic Report: Bay Area Economy Rebounds From RecessionThe 2012 Economic Profile shows that the region has rebounded from the recession very well but still has some areas which it could improve upon.
Vallejo May Implement Fees For Blighted Foreclosure CleanupForeclosed 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.
Silicon Valley Gaining Back Jobs Lost In RecessionA 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.
Downtown Walnut Creek Experiencing Economic BoomSeveral new stores, shops and restaurants have opened in downtown Walnut Creek, attracting bigger crowds to the area.
About The Bay: Technology May Actually Decrease Available JobsThe recession isn’t the only reason there are fewer jobs out there today; technology is also changing the face of the job market.
About The Bay: SF Economy Going In Dueling DirectionsIt's the best of times in San Francisco. And, the worst of times, too.
ConsumerWatch: More Americans Ditching Cable, Satellite TVIncreasing numbers of Americans are dropping cable and satellite television service, and the weak economy is to blame, according to the Associated Press.
Sales Of High-End Goods Soar Amid Economic Uncertainty A recent Wall St. selloff has some traders fearing a double-dip recession. That perception may scare off many would-be shoppers, but not those who can afford luxury goods.
About The Bay: The Plight Of Day LaborersIn his travels About the Bay, KCBS reporter Mike Sugerman looks at the difficulties facing day laborers, who are struggling to find work in these tough economic times.
East Bay Customers Could Face Water Rate HikeLeaders of the East Bay Municipal Utility District are considering a plan to raise water rates over the next two years.
Newsom Touts Job Creation With Texas GovernorTexas Gov. Rick Perry and California Lt. Gov. Gavin Newsom staged something of a bipartisan summit Thursday in Austin, where a delegation from the Golden State came to see how jobs are being created in the Lone Star State.
Peninsula Shelter Sees Increase In Homeless FamiliesDozens of homeless families have been forced to bide their time on a waiting list at a peninsula shelter that’s seen unprecedented demand for services because of layoffs and foreclosures.
Californians Seeking Unemployment In Record NumbersCalifornia's Employment Development Department paid a record amount in unemployment benefits last year, as the Golden State's high unemployment rate drove 1.7 million Californians to seek jobless benefits.