Personal Incomes for Californians dropped the first time since World War II, according to the Bureau of Economic Analysis. [MarketWatch] The agency said that California incomes dropped by $40 million during 2009. That’s down about 2.5 percent in a year.... (Continue reading)
Consider it a new form of teenage angst: 34.5 percent of young workers in California were out of a job in June. [California Watch] Teens in California are having a tougher time than other teens around the country, where unemployment... (Continue reading)
The U.S. Postal Service on Tuesday proposed a 2-cent increase in the price of a first-class postage stamp to 46 cents. If approved, the change would go into effect Jan.2, 2011. [CNN] The proposed rate hike underscores the deep financial... (Continue reading)
State Controller John Chiang announced Thursday that he would strongly defy Gov. Arnold Schwarzenegger’s order to pay state workers minimum wage “until the courts hand down a final resolution.” [LA Times] Earlier in the day, the governor had ordered all... (Continue reading)
Gov. Arnold Schwarzenegger is threatening to pay minimum wage to state workers during July if lawmakers fail to agree on a new budget. [Los Angeles Times] The threat came in the form of a memo from Debbie Endsley, the governor’s... (Continue reading)
We thought we had seen just about everything in terms of social networking on the Internet. Then we stumbled across Fiverr. The new web site seems to offer up everything from the silly to the serious. The premise is ridiculously... (Continue reading)
The San Luis Obispo County Board of Supervisors tentatively adopted a 2010-2011 budget of $442.7 million on Wednesday, down $25 million from last year. [Tribune] The county currently employs 2,400 workers. Forty-three staff positions, all of them already vacant, were eliminated.... (Continue reading)
Cal Poly San Luis Obispo brings an estimated $469 million annually to the local economy through campus expenditures and off-campus student spending, according to a recently released report from the California State University System Office of the Chancellor. In addition,... (Continue reading)
A new study by the state’s Legislative Analyst’s office suggests a law requiring power plants, factories, and other businesses to cut greenhouse gas emissions could cause energy prices to rise and prompt businesses to either halt expansion or leave. [Los... (Continue reading)
Home prices in California have continued to increase for the fifth month in a row adding up to a 14 percent increase from March 2009. [AssociatedPress] The medium price of a home has increased to$235,000 from $223,000 in 12 months, according... (Continue reading)