california

10 Worst Places to Live

You don't need the U.S. Misery Index to tell you that things are bad in the U.S. Unemployment is near or at all-time highs in many parts of the...

Furlough Fridays Back On in California as Schwarzenegger Declares Fiscal Emergency

Faced with a $19.1 billion deficit and no hope for digging out, California Governor Arnold Schwarzenegger on Wednesday declared a fiscal emergency. Under the rules of the emergency, Schwarzenegger ordered three furlough days per month for all but essential state employees. State offices will be closed three Fridays a month.

Basil crops attacked by fungus

Consumers who enjoy the taste of fresh basil in their cooking might find it more challenging to buy -- particularly if they prefer the organic...

New Solar Panel Factory Will Rise in Oregon

Oregon is the latest state to notch a big win in the effort to attract green jobs: Silicon Valley solar company Solexant has announced plans to build a large factory to produce thin-film solar panels near Portland. Oregon gets jobs; Solexant gets a $25 million loan and $18.75 million in tax credits.

California Freezes Popular Solar Incentives

Just a few days before an expected 20,000 solar devotees gathered in San Francisco for Intersolar, a large industry conference and expo, California regulators suspended its popular solar incentive for large projects, as well as government and nonprofit projects, while it rejiggers part of its program.

Legal Briefing: Bid-Rigging Convictions Overturned

Two Marsh & McLellan executives who were convicted in an insurance industry bid-rigging case saw their convictions overturned Wednesday because the New York Attorney General's office failed to turn over 700,000 documents, including exculpatory and impeaching evidence.

U.S. Home Prices Rose Faster Than Expected in April

The U.S. housing sector improved a bit more than expected in April, as home prices in 20 major cities rose 3.8% on a year-over-year basis, according to the S&P/Case-Shiller survey. But is rising housing demand real, or was it a temporary surge from the now-expired home buyer tax credit?

California's Split Recovery: Coast
vs. Inland Empire

Coastal California's economy has started to pick up, but prospects for the state's inland regions still look grim, according to recent report by UCLA's Anderson School of Management. For the state as a whole, the recovery won't be speedy.

California Gold: Solar Startup Scores Cash

BrightSource Energy has raised $150 million, which will help with its plans to build solar power plants in California. The company wants to use mirrors to generate electricity from the sun's heat and has already signed deals with utilities.

Good News, Bad News on Foreclosures

The first-quarter foreclosure report had good news for the unluckiest, and bad news for almost everyone else. In 14 of the metropolitan areas hardest hit by mortgage defaults, foreclosures declined from 2009. But across the nation, 77% of cities saw foreclosures rise.

A Pot Portfolio: Who Stands to Profit if Marijuana Is Legalized?

When the state of California announced that a marijuana legalization measure would be on its November ballot, the ensuing discussion covered a range of topics from medicine to morality. But few pundits brought up the biggest factor of them all: money. With a potential market of millions of pot smokers, decriminalization of marijuana could open the door to a vast, largely-untapped market for smoking paraphernalia, accessories, and other lifestyle accoutrements.

Legalized Pot: A Threat to California's Economy?

Could pot profits go up in smoke? That's what some growers and distributors say will happen if voters approve a measure to legalize marijuana in November. And a cannabis crash could further undermine a shaky California economy, industry insiders say.

Calif. Pension Fund CalPERS Probed

Federal prosecutors have started a criminal investigation into the investment activities of the California Public Employees Retirement System, reports The Wall Street Journal. The report says Justice Dept. officials are examining potential influence-peddling within CalPERS, the nation's largest public pension fund.