Topic: Milken Institute
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.
Stockton, which lost tax revenues from the housing bust and faces high pension costs for retired public workers, serves as a warning. Some US cities face tough choices to avoid bankruptcy.
In many ways, the California economy is a mess. But the Golden State is holding on to its high-skilled workers better than any other state – and avoiding a 'brain drain' is no small thing.
10/14/2011 05:37 pm
With Jerry Brown now governor, California lawmakers are resurrecting an idea vetoed by Arnold Schwarzenegger: Make utilities buy at least 33 percent of electricity from renewable sources.
02/24/2011 07:39 pm
Like Greece, Ireland, and other troubled European nations, the US needs to cut debt.
11/30/2010 12:30 pm
The global financial crisis hasn’t slowed the expanding role of business in Africa or the newfound passion for market expansion among Africans and foreign investors. Now its time to get rid of the trade barriers between countries.
08/02/2010 02:15 pm
Mortgage default notices - the first step in foreclosure - dropped by 10.3 percent in California last quarter. That's due to loan modifications and banks' unwillingness to dump more homes on the market, say experts.
10/23/2009 01:00 am
A 'stress test' aims to assess which banks would need help if the economy worsened.
02/23/2009 12:00 am
US regulators are cranking out an array of options.
10/10/2008 01:00 am
Some see the beginning of the end for huge compensation for financial titans. Others say the limits are too weak to bring real change.
09/30/2008 01:00 am