Neel Kashkari—GOP candidate for governor of California—delivered on CNBC a scathing critique of President Barack Obama and Democratic policies in D.C.» Read More
SACRAMENTO, Calif.— California will no longer be the last Western state with a pump-as-you-please approach to groundwater. Jerry Brown signed legislation on Tuesday overhauling the state's management of its groundwater supply, bringing it in line with other states that have long regulated their wells.
SAN FRANCISCO— Emails showing California regulators and Pacific Gas& Electric Co. appearing to negotiate which judge would be assigned to hear one of the utility's rate cases led the state's top regulator to remove himself from two PG&E cases and four senior officials on both sides to resign.
SAN FRANCISCO— Four senior officials with Pacific Gas& Electric Co. and the state commission regulating it were removed or resigned over emails released Monday showing the utility and state regulators appeared to negotiate which judge would be assigned to hear one of the utility's rate cases.
WASHINGTON— Income inequality is taking a toll on state governments. "Rising income inequality is not just a social issue," said Gabriel Petek, the S&P credit analyst who wrote the report. Stagnant pay for most people has compounded the pressure on states to preserve funding for education, highways and social programs such as Medicaid.
SACRAMENTO, Calif.— Rising income inequality has led to slowing tax revenue growth in California, but the state has responded by increasing its top marginal tax rate, causing its growth rate to accelerate after 2009, according to a new study released Monday by credit rating agency Standard& Poor's.
SACRAMENTO, Calif.— Democratic incumbent Gov. The USC Dornsife/Los Angeles Times Poll found that Brown leads Kashkari 57 percent to 36 percent among likely voters. After spending $4.4 million in the primary to defeat third-place finisher Tim Donnelly, Kashkari reported $200,000 in his account at the end of June and has collected more than $745,000 since then.
Jerry Brown signed legislation Wednesday that will require most California employers next year to provide up to three sick days for millions of workers, a policy long-sought by labor unions and opposed by business groups.
SACRAMENTO, Calif., Sept 10- California businesses will have to provide paid sick leave to most employees under a bill signed on Wednesday by Democratic Governor Jerry Brown, the latest move to aid low-income workers in the most populous U.S. state.
LOS ANGELES, Sept 9- America's largest public pension fund was criticized in a report on Tuesday for failing to sufficiently audit and clamp down on pension "spiking", a practice of inflating workers' benefits just before retirement in order to boost their pensions.
LOS ANGELES, Sept 9- America's largest public pension fund was criticized in a report on Tuesday for failing to properly audit and clamp down on pension "spiking", a practice of inflating workers' benefits just before retirement in order to boost their pensions.
SACRAMENTO, Calif., Aug 27- California will triple its tax breaks for entertainment companies doing business in the state, the latest effort to stem a tide of runaway production that has cost billions in revenue in Hollywood's home state under a deal announced on Wednesday.
LOS ANGELES, Aug 20- California Governor Jerry Brown decried a move by the state's giant public pension fund on Wednesday to include temporary pay hikes in the way pensions are calculated for newly hired workers.
LOS ANGELES, Aug 19- The California Public Employees' Retirement System, America's largest public pension fund, is expected to approve nearly 100 types of extra pay on Wednesday that will count toward how pensions are calculated for newly hired workers.
SACRAMENTO, Calif., Aug 11- All smartphones sold in California would have to come with a "kill switch" to render them inoperable if lost or stolen under a bill passed by the legislature on Monday, the latest effort to stem an epidemic of phone theft in the most populous U.S. state.
SAN FRANCISCO, July 28- California Governor Jerry Brown and Mexican environmental officials signed a pact on Monday aimed at reducing greenhouse gas emissions, an agreement that could eventually expand the market for carbon credits.
SACRAMENTO, Calif., July 3- California lawmakers on Thursday passed a tax credit meant to lure aerospace companies working on a new stealth bomber to the state, but the measure will benefit only one of two teams of companies fighting to win the contract.
June 25- Moody's Investors Service on Wednesday upgraded its rating on California's general obligation debt to "Aa3" from "A1," citing the state's improving financial position and employment growth.
SACRAMENTO, Calif., June 23- California lawmakers on Monday approved a measure making it easier to use alternative currencies including Bitcoin, even as the failed Tokyo based bitcoin exchange, Mt Gox, moved forward into bankruptcy protection.
On Monday, those states may finally get the nudge they need to jump into the $20 million a day California market for emitting carbon dioxide when the Environmental Protection Agency releases much-anticipated new rules that will force deep cuts in greenhouse gas emissions from existing power plants.
WASHINGTON, April 4- Republican lawmakers said on Friday over regulation has prevented a shale oil boom in California and if eased, could boost production in the state and reduce its dependence on foreign energy.