Topic: Jerry Brown
Top galleries, list articles, quizzes
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Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
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In Pictures: Taking office 2011
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Jerry Brown's California: Five big changes from 1975 to 2011
Once California’s youngest governor, Jerry Brown begins a second term Monday as the state’s oldest.
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In Pictures: Jerry Brown through the years
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Gallery: Election day 2010
All Content
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Energy Voices
Top energy stories of 2012. What's your pick?From the fracking revolution to the CAFE standards to India's record blackout, 2012 had plenty of energy stories. Vote for your pick of top energy story for the year.
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Calif. gay conversion therapists win first round in court
A US District Court Judge made a decision just hours after a hearing on the issue, ruling that First Amendment rights of therapists outweigh concerns about danger to young people of gay conversion therapy.
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Workplace has no 401(k). Could states help?
Six in 10 private-sector employees aren't offered a retirement plan at work. So California and a few states are looking to offer them retirement plans.
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Is the California economy finally turning a corner?
In California, the deficit for the current fiscal year is projected to be $1.9 billion, down from $25 billion in recent years. The unemployment rate and some home sales are also improving.
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Growing wealth concentration threatens to end American opportunity as we know it
The American creed of equal opportunity is in danger of becoming Hollywood fiction. Wealth concentration, manufacturing's demise, and technology eliminating jobs are destroying upward mobility. We must invest in education, training, and R&D. We must also pay for it.
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The New Economy
High taxes don’t drive the rich out of CaliforniaWhen their taxes were raised 1 percent in 2005, millionaires were actually less likely to move out of California than in other years, according to a new study. Tax decreases didn't lure the rich to California, either.
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Jerry Brown tax hike suddenly on the ropes. Does he have time to save it?
With less than two weeks to go before Election Day, support for Jerry Brown's tax hike has plunged below 50 percent in two polls. If it fails, $6 billion in automatic cuts kick in.
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Focus
Election 2012: Ballot initiatives reflect nation's moodThe 174 propositions on state ballots point to evolving opinions on marijuana, same-sex marriage, health care, and more. Do the initiatives show the power of direct democracy or lack of legislative leadership?
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California's dueling tax hikes: 'Nightmare' ahead?
California Gov. Jerry Brown has asked voters to approve Proposition 30, a tax hike that he says will save the state from fiscal disaster. But another tax plan on the ballot could muddy the waters.
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Energy Voices
California moves to ease sky-high gas prices. How soon will they fall?In the wake of record California gas prices, governor orders air-quality regulators to let refiners switch to winter-blend fuel. But how quickly California gas prices fall depends on a variety of refinery and pipeline issues.
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Manson family member's plea for freedom is answered (+video)
Bruce Davis, a former follower of Charles Manson, was sentenced to life in prison in 1972. On Thursday, after 40 years in prison, a panel recommended his parole.
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Why California will give driver's licenses to illegal immigrants
Late Sunday, California Gov. Jerry Brown signed a law allowing driver's licenses for illegal immigrants eligible for work permits under a new Obama administration policy.
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At Google HQ, Calif. Gov. Jerry Brown signs self-driving cars bill
The bill by Democratic Sen. Alex Padilla will establish safety and performance regulations to test and operateautonomous vehicles on state roads and highways.
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California governor paves way for driverless cars
Gov. Jerry Brown signed legislation Tuesday that will pave the way for driverless cars in California. Driverless cars use computers, sensors and other technology to operate independently, but allow humans to take control at any time.
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Ponderosa fire destroys 84 homes as West sees bigger wildfires this year (+video)
The Ponderosa fire in northern California threatens another 900 homes. The Ponderosa fire is 57 percent contained. Elsewhere in the West, states are tallying the rising costs of big wildfires this season.
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California governor declares state of emergency as fire threatens (+video)
The Ponderosa fire in northern California is spreading, 3,000 people have been evacuated and 24,000 acres have burned.
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Dallas launches air war against West Nile mosquitoes. Is it safe?
Dallas has begun aerial spraying to control mosquitoes carrying the West Nile virus. Officials say the substance is safe, and the EPA has approved its use. But not everyone is convinced.
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Focus
Public-sector belt-tightening: thrift, or long-term drag on US economy?Since June 2009, 504,000 jobs have been cut among municipal employees. Public-sector reductions at the local level have subtracted almost a quarter of a percentage point from annual GDP each of the past four years.
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Cities going broke: Can Scranton's minimum wage plan work? (+video)
A judge told Scranton's mayor he couldn't break the contracts. Pennsylvania told him he couldn't declare bankruptcy. But he didn't have the money to pay more than minimum wage. Unions sued.
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Did health care 'tax' just blow up California's careful budget plans?
California Governor Jerry Brown's plans to raise state taxes on the wealthy could be derailed because of voter concern about President Obama's plan to boost taxes on the wealthy and the Supreme Court's labeling the health care reform law a tax.
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Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
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Tax VOX
It's summer. Time for a California budget crisis.Like a movie franchise that keeps coming back, California's annual budget mess is the same story year after year.
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Cover Story
US prison inmates returning to society: How will they be received?States, eager to save money and adopt alternatives to incarceration, release inmates in record numbers. Is society ready for the surge?
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California facing higher $16 billion shortfall
California's budget deficit has swelled to $16 billion and will force severe cuts to schools and public safety if voters fail to approve tax increases in November, warns Gov. Jerry Brown.
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Saga of California's Salton Sea: a tragic chapter ahead?
Some worry that a water-diversion deal, sending farm irrigation water to sprawling San Diego, will spell doom for the Salton Sea – and exposure to toxins for humans and wildlife. Others say protections are in place to ensure that can't happen.
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