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On brink of financial collapse, state lawmakers struggle with budget passage

a shared story    296 weeks 7 hours 1 minute ago
Lawmakers continued struggling to pass a budget this afternoon after working nearly around the clock to end a three-month impasse that has brought California to the brink of fiscal collapse. An all-night legislative session failed to yield enough Republican votes for the spending plan, as GOP legislators...(more) 

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Pilots extend Lufthansa strikes to long-haul flights

a shared story    2 hours 56 minutes ago
FRANKFURT (Reuters) - German pilots union VC called a strike at Lufthansa on Oct. 21 targeting the airline's long-haul flights, in addition to strikes for the carrier's short and mid-length routes announced for Monday and Tuesday.  

Bikes help commuters get around gas prices

a shared story    327 weeks 5 days 18 hours 13 minutes ago
High gasoline prices are fueling bicycle sales, and on some days Michael Hall's blood pressure. At least three times a week, Hall pedals to his job in Hollywood from his home in northern Glendale, a 25-mile round-trip commute that is faster on two wheels than four. "It's definitely...(more) 

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Japanese stocks lead sharp Asia rebound as U.S. data reassures

a shared story    5 hours 56 minutes ago
TOKYO (Reuters) - Japanese stocks led a rally in Asia on Monday, after solid U.S. data and earnings calmed tumult in global financial markets and reassured investors worried about the health of the world economy.  

buzz  1  + buzz

Volatility Unlikely to Alter Fed’s Policy Course

a shared story    5 hours 56 minutes ago
The Federal Reserve still plans to wrap up its bond-buying campaign at the end of October and remains likely to raise interest rates in mid-2015, although it now seems less likely to act sooner, analysts say. 

Wholesale prices soar in June; sales are sluggish

a shared story    326 weeks 5 days 19 hours 36 minutes ago
The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising prices for food and fuel. The Labor Department reported that soaring costs for gasoline and food pushed...(more) 

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Japan firms want government action if yen weakens: Reuters poll

a shared story    6 hours 56 minutes ago
TOKYO (Reuters) - Nearly half of Japanese firms think the government should start defending the yen at this month's dollar high of 110, a Reuters survey shows, underscoring the threat that rising fuel and other import costs pose to a fragile economy.  

In Silicon Valley, more homeowners are spending more than half their income on housing

a shared story    315 weeks 15 hours 45 minutes ago
Laura Meneses made the same fateful choice that thousands of local home buyers have made since 2004: She decided to spend most of her family's income on housing. Over the last four years, the number of Santa Clara County homeowners who spend over half their income on...(more) 

buzz  5  + buzz

Price to PepsiCo for Not Being in Court: $1.26 Billion

a shared story    259 weeks 4 days 6 hours 3 minutes ago
What's the cost of not showing up to court? For PepsiCo Inc., it's a $1.26 billion default judgment. A Wisconsin state court socked the company with the monster award in a case alleging that PepsiCo stole the idea to bottle and sell purified water from two...(more) 

As Finances Tighten, Furloughs Give Way to Pay Cuts

a shared story    219 weeks 5 days 4 hours 11 minutes ago
The furloughs that popped up during the recession are being replaced by a highly unusual tactic: actual cuts in pay. 

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UK growth 'to fall to 2.4% in 2015'

a shared story    7 hours 56 minutes ago
The UK economy will grow by 2.4% next year, well below the 3.1% growth expected this year, forecasting group EY Item Club says. 

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Power Up: The Video-Game Nation

a shared story    7 hours 56 minutes ago
The extent to which video games have become part of mainstream culture in South Korea may be a sign of things to come in the West. 

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