Topic: Stephen Levy
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California budget 'emergency': bid to recoup $6 billion in pensions
The annual California budget crisis led Gov. Arnold Schwarzenegger to declare a 'state of emergency' Wednesday. But the declaration is really a ploy to pressure unions, experts say.
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Silicon Valley's innovation engine at risk, report says
A new report warns that Silicon Valley's status as a center of economic growth and innovation is in danger. Silicon Valley has lost 90,000 jobs since 2008, and venture capital funding has plunged.
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Clock's ticking for California budget talks
As a deal stalled over school funding cuts, warnings sounded about rising state debt and falling bond ratings.
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What will spur California to solve its budget crisis?
Major banks say they won't honor IOUs that the state has issued. That could increase pressure on lawmakers – but it might not be the decisive factor.
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California running out of money
A $28 billion budget shortfall through 2010 could start to pinch next week.
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