News Wire - economy

California Creating Mortgage Fraud Task Force

May 23 2011

The team of 17 lawyers and eight special agents from the state Department of Justice will pursue corporate fraud, scams and fraudulent lending practices, Atty. Gen. Kamala Harris says.

Little Cities Spend Big On Lobbyists

May 19 2011

On April 2, the city of Half Moon Bay voted to disband their police force in a cost-cutting measure and contract with the county sheriff. Savings: about $500,000 a year. In 2008 and the first six months of 2009, Half Moon Bay lobbied hard — and failed — for bills designed to help bail out the cash-strapped city. The lobbying bill: $1,047,531.

California exports in March up for 17th straight month

May 12 2011

California's exports grew for the 17th consecutive month in March, with nearly $14 billion worth of shipments leaving the state.

California receives $300 million in federal funds for high-speed rail

May 10 2011

California's high-speed rail plan received a boost in federal funding Monday when it was awarded $300 million for the initial phase of the project, the construction of about 120 miles of track in the Central Valley.

Proposals Would Cut Benefits For California Employees 25% To 40%

May 05 2011

In an analysis of two concepts, the nonprofit California Foundation for Fiscal Responsibility warns that the state's five biggest pension funds are in precarious financial conditions.

Committee OKs Steinberg Bill On Local Tax Increases

May 05 2011

The Senate Governance and Finance Committee (Wednesday) approved legislation that would lift longstanding limits on what taxes local governments can propose raising.

Nonprofit Calls For More Workplace Safety Inspectors

May 02 2011

A nonprofit worker safety group is calling on Gov. Jerry Brown to lift a statewide hiring freeze to enable the state worker safety agency to hire more inspectors.

PPIC Poll: Voters Favor Election, Mixed Bag On Taxes

Apr 28 2011

Most California voters still support Gov. Jerry Brown's special election to resolve the state deficit, but they send mixed messages when it comes to approving taxes on the ballot, the latest Public Policy Institute of California survey shows.

42 Furlough Days Ordered For L.A. Workers Who Rejected Labor Deal

Apr 28 2011

Mayor Antonio Villaraigosa orders his managers to impose the unpaid days off on 6,300 employees in four union groups who voted against a plan to help cut the city's budget shortfall.

Bipartisan Support Builds For Slicing Corporate Tax Rate

Apr 20 2011

Backers of a proposed cut argue it would make U.S. businesses more competitive. Yet corporations have been paying an increasingly smaller share of federal taxes over the past half century.




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