The city of Stockton, Calif. has been hit hard by the financial crisis. With the city on the verge of bankruptcy, residents share what it's like when your town is teetering on the brink.
California Gov. Jerry Brown recently informed Californians that the state was $16 billion in the hole, instead of the mere $9 billion everyone expected. The Facebook IPO will generate a lot of taxable income for a few thousand Californians.
That's grown from $9.2 billion. The $16 billion is in projected spending, and that would be more than the money that could come in. Gov. Jerry Brown is expected to talk about the details later today.
This past weekend, Hollywood hosted a fundraiser for the California state parks. It’s not just left-leaning Hollywood altruism. Many directors and studios film for cheap in the parks.
For the first time in six years, a cow in the U.S. has tested for so-called mad cow disease. While officials say the dairy cow identified in California at no time entered the food supply, the price of cattle futures has moved sharply downward.
The California Supreme Court has ruled that while employers have to offer workers a lunch break, they don't have to make sure employees actually take a lunch break.
It's possible America's busiest ports may not stay busy. Southern California currently receives most of the imports shipped from Asia. But that could change with a major expansion of the Panama Canal.
California is looking forward to both the Yelp and Facebook IPOs in the near future. One analyst estimated it could bring as much as $2.5 billion to the financially struggling state.
