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  • Vallejo, California Police

    Two years ago, the Bay Area city of 120,000 went into a special kind of bankruptcy reserved for local governments called Chapter 9. It allowed the city of break contracts and suspend debt payments.

  • Nation's Biggest Port Shows Surprise Jump in Traffic Friday, 11 Jun 2010 | 5:08 PM ET

    The Long Beach and Los Angeles ports released preliminary figures for May today.

  • Foreclosure

    The national foreclosure rate continued to fall in May, according to a new report released Thursday.

  • Are Investors Souring on Housing? Thursday, 27 May 2010 | 2:29 PM ET

    While sales of existing homes shot up across most of the nation in April, they fell in the West, down 6.2 percent.

  • California Flag

    Whitman is leading by 25 to 27 points in two polls (SurveyUSA and PPP) over Steve Poizner in the governor’s race, while Fiorina has opened up a 20 to 23 point lead against Tom Campbell in the Senate contest, with Chuck Devore trailing well behind.

  • Democrats in the state Senate on Monday countered Gov. Arnold Schwarzenegger's proposed budget cuts with a plan to raise taxes by nearly $5 billion, largely by extending temporary taxes and delaying corporate tax breaks for two years.

  • Calpers Sticking With Goldman for Now: CIO Monday, 26 Apr 2010 | 5:18 PM ET

    A large investor in Goldman Sachs is not ready to abandon the beleagured financial services giant just yet.

  • Calif. Pension Fund to Examine Goldman Practices Tuesday, 20 Apr 2010 | 4:11 AM ET

    The chief investment officer of California's giant pension fund said Monday he is disturbed by the allegations of wrongdoing against investment firm Goldman Sachs.

  • Pamela Anderson Owes $493,000 in Back Taxes Tuesday, 13 Apr 2010 | 12:05 PM ET
    Pamela Anderson

    California officials say former "Baywatch" star Pamela Anderson has failed to pay $493,000 in personal income tax. Anderson is on the annual list of delinquent taxpayers released Monday by the California Franchise Tax Board.

  • Tamminen: Obama’s Tootsie Roll Energy Policy Monday, 5 Apr 2010 | 9:50 AM ET
    off shore oil rig

    President Obama needs a real strategy that recognizes we will soon run out of oil and atmosphere and set goals to sustain our economy and environment in equal measures, instead of drilling for oil along the East Coast.

  • California Senate Race Goes For Laughs Monday, 15 Mar 2010 | 9:03 AM ET
    Carly Fiorina, former Hewlett-Packard CEO.

    She's done it again. Former Hewlett-Packard CEO Carly Fiorina has released another attention-grabbing campaign video, as she seeks to beat out two Republican rivals and take on Sen. Barbara Boxer in November.

  • Will Los Angeles Go Broke? Thursday, 11 Mar 2010 | 4:23 PM ET

    The City of Angels is facing a $200 million budget deficit in the current fiscal year which will grow another half billion next year. The city will owe $399 million next year just in debt service, and it faces about $6 billion in underfunded pensions and healthcare costs for its retired employees.

  • California Town Shuts Down Free Doughnut Giveaway Monday, 1 Mar 2010 | 11:57 AM ET
    Donut and Coffee

    For more than a dozen years, the B&B Do It Center in Camarillo, CA, has been offering free doughnuts and coffee to customers. Not anymore.

  • California Is Loaded Monday, 22 Feb 2010 | 11:02 AM ET
    California Flag

    n a new survey from Portfolio.com, seven of the top ten "wealth centers" in the country are in the Golden State. The survey combines several measurements from the Census Bureau, including per capital income, median income, the percentage of incomes over $200,000, and home prices.

  • California's Birthers Tuesday, 26 Jan 2010 | 3:55 PM ET

    Many of you assume that California is full of liberals, even though the Golden State produced Ronald Reagan, Richard Nixon, and Prop 13.

  • Meg Whitman's Power of Many Tuesday, 26 Jan 2010 | 1:21 PM ET

    "The Power of Many: Values for Success in Business and in Life" is part memoir - part business philosophy – and yes, part campaign speech divided up into 10 chapters outlining Whitman’s rules of thumb.

  • Rain Relieves, but No Remedy For California Drought Friday, 22 Jan 2010 | 12:30 PM ET
    Cars and commercial trucks make their way through the flooded southbound lanes of the 710 Long Beach Freeway, the main artery to Long Beach and Los Angeles ports, on January 20, 2010 in Long Beach, California.

    When it rains, it pours. After more than three years of drought, California has had so much rain and flooding this week that the San Joaquin Valley, the setting of John Steinbeck's "Grapes of Wrath," is more like the "Grapes of Rafts."

  • We Have a Slogan Thursday, 14 Jan 2010 | 9:32 AM ET
    Jane for Governor

    The winning slogan for my fake campaign for Governor is the original one we suggested: "Vote for Jane, She Can't Be Any Worse!"

  • Here's The Dope on Pot Vs. Wine Wednesday, 13 Jan 2010 | 2:08 PM ET
    Marijuana joint

    With California facing few palatable options—deeper cuts, higher taxes—some at the state level are considering legalizing marijuana and taxing it.

  • Schwarzenegger on 'Healthcare to Nowhere' Wednesday, 6 Jan 2010 | 2:41 PM ET
    California Gov. Arnold Schwartzenegger

    In his final State of the State speech, 62-year-old Arnold Schwarzenegger outlined what he called his "Sophie's Choice"—where to cut in a state which has already seen tens of billions in spending cuts.