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

a shared story    269 weeks 6 days 20 hours 50 minutes 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) 

Bikes help commuters get around gas prices

a shared story    301 weeks 5 days 8 hours 1 minute 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) 

buzz  1  + buzz

General Mills scraps controversial new legal terms

a shared story    4 hours 44 minutes ago
NEW YORK (AP) -- General Mills is scrapping a controversial plan to strip consumers of their right to sue the food company.... 

buzz  1  + buzz

Brazil´s president also responsible for refinery deal: ex CEO

a shared story    4 hours 44 minutes ago
BRASILIA (Reuters) - Brazil´s President Dilma Rousseff must assume her share of responsibility for the controversial purchase of a refinery in Texas by Petroleo Brasileiro SA, the former chief executive of the state-run oil company said in an interview published on Sunday.  

buzz  1  + buzz

Navy OKs changes for submariners' sleep schedules

a shared story    5 hours 44 minutes ago
GROTON, Conn. (AP) -- The U.S. Navy has endorsed changes to submarine sailors' schedules based on research into sleep patterns by a military laboratory in Connecticut.... 

Wholesale prices soar in June; sales are sluggish

a shared story    300 weeks 5 days 9 hours 24 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) 

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

a shared story    289 weeks 5 hours 33 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    233 weeks 3 days 19 hours 51 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    193 weeks 4 days 17 hours 59 minutes ago
The furloughs that popped up during the recession are being replaced by a highly unusual tactic: actual cuts in pay. 

Jobs outlook weak as state's unemployment rate hits 6.9% in June

a shared story    300 weeks 1 day 15 hours 36 minutes ago
California's jobless rate crept ahead Friday as experts saw weakness spreading into new areas of the economy. For months, job losses were concentrated in the state's housing industry. But with June's increase of one-tenth of a percentage point to 6.9%, it was evident that a broader downturn...(more) 

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UC System Could Gain Millions From Stimulus

a shared story    272 weeks 1 day 6 hours 1 minute ago
If the $819 billion stimulus package passed by the U.S. House of Representatives Wednesday survives the legislative gauntlet in the coming weeks, it would boost financial aid chances for students and pump millions of dollars into the University of California, higher education officials say. It is unclear...(more) 

Dow loses 777 points, Worst Single-Day Drop in Two Decades

a shared story    289 weeks 6 days 2 hours 29 minutes ago
Stocks fell by nearly 9 percent on Monday — the worst single-day drop in two decades — after the government’s bailout plan, touted by its supporters as a balm for the current market stress, failed to pass the House of Representatives, setting off a fresh wave...(more) 

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