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Florida power company gave $1 million to pro-Bush super PAC

a shared story    7 minutes ago
WASHINGTON (AP) -- The largest Florida corporate donor to a super political action committee backing former Gov. Jeb Bush's presidential run is NextEra Energy Inc., the company that owns electric utility giant Florida Power & Light.... 

buzz  13  + buzz

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

a shared story    336 weeks 5 days 11 hours 12 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    368 weeks 3 days 22 hours 24 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) 

Wholesale prices soar in June; sales are sluggish

a shared story    367 weeks 3 days 23 hours 47 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) 

buzz  1  + buzz

Failed bitcoin exchange chief Karpeles arrested in Japan

a shared story    6 hours 7 minutes ago
TOKYO (AP) -- Japanese police have arrested Mark Karpeles, head of Mt. Gox, a failed bitcoin exchange on suspicion of inflating his cash account by $1 million.... 

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

a shared story    355 weeks 5 days 19 hours 56 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    300 weeks 2 days 10 hours 14 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    260 weeks 3 days 8 hours 22 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    367 weeks 5 hours 59 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) 

buzz  10  + buzz

UC System Could Gain Millions From Stimulus

a shared story    338 weeks 6 days 20 hours 24 minutes 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    356 weeks 4 days 16 hours 52 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) 

Economists see longest recession since World War Two

a shared story    341 weeks 6 days 13 hours 48 minutes ago
The U.S. recession will probably be the longest since World War Two and could worsen without heavy government spending, according to a closely-watched survey of economists released on Saturday. The Blue Chip Economic Indicators poll of 52 economists from top financial firms, major companies and academia found...(more) 

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