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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.  



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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) 



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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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