The number of people with a net worth of $30 million or higher is growing rapidly in the U.S., especially in California and New York.» Read More
San Diego County may be known for its famous coastline, but when it comes to fresh water, it has very little supply. Residents pay for water to be imported from the Colorado River and other areas. But some believe even higher prices are needed, which would encourage conservation and reduce water use.
Arizona may be the frontline of the immigration policy debate, but states far from the Mexican border are also busy grappling with the costly problem of illegal aliens.
Day 84 without a budget in California. We have a $19 billion budget hole that needs to be filled. he Governor has been too sick to hold budget talks with legislative leaders. The state is falling apart. I guess. I haven't really noticed.
Mayor Antonio Villaraigosa dismissed former L.A. Mayor Richard Riordan's gloomy prediction that the city will be bankrupt by 2014.
Los Angeles County District Attorney Steve Cooley announced on Tuesday the arrest of eight current or former Bell city officials, including former city manager Robert Rizzo, over alleged misuse of the city's public funds.
"To build in California is a nightmare," Caruso says. Yet while Meg Whitman has promised to streamline the state's tortuous permit process, Caruso, a major GOP fundraiser, isn't voting for her. He's voting for Jerry Brown and his Republican friends are shocked.
US foreclosure activity rose in August from the previous month, and banks and lenders took ownership from homeowners at a record pace, according to a new report released Thursday.
Fire crews sprayed water on smoldering homes Friday morning after a massive explosion apparently triggered by a broken gas line sent flames roaring through a neighborhood near San Francisco, killing six people and injuring dozens, officials said.
Making the economy more efficient by arguing who can cut the most wasteful carbon emissions—a bidding war that would only happen down under, right?
Gov. Arnold Schwarzenegger, California's state controller and treasurer, decided Monday to delay $2.9 billion a month in payments to school districts and counties sooner than expected so the state can meet debt and pension obligations.
A bill in California could pass this week banning wasteful single-use plastic bags if state legislators can be convinced that consumers can bring his/her own sack for carting off a loaf of bread.
State unemployment rates have shown only minimal improvements, with 18 states and the District of Columbia reporting decreases in July, 14 showing increases and 18 with no change at all.
An off-road truck plowed into a crowd and scattered "bodies everywhere" moments after sailing off a jump at a California race Saturday, killing eight people and leaving 12 injured, authorities and witnesses said.
Unless city officials make drastic changes, Los Angeles will be bankrupt by 2014, former LA Mayor Richard Riordan told CNBC.
"With municipal bonds you have to take your tax rate into consideration, the lower your tax rate the less attractive muni's are," Ben Thompson, founding principal of Samson Capital Advisors told CNBC.
A web site called Cannabuddies allows people to "adopt" virtual (not real) pot leaves. Leaves named "Chocolope" and "Train Wreck" will grow for you, produce buds, and even "speak", hoping to inform listeners about the benefits of pot.
Corporate bonds are registered securities—municipal bonds are not. That key distinction is meaningful as details of the new law are unraveled and especially meaningful in light of the controversy surrounding bond sales and the ratings agencies.
How black voters in California decide on Proposition 19, which would allow anyone 21 and over to possess up to an ounce of marijuana, could be critical to its success or failure.
A judge on Friday declined to force the state controller to comply with an order by Gov. Arnold Schwarzenegger to pay state workers minimum wage while the state remains without a budget.
Joe Lacob, managing partner at private equity firm Kleiner Perkins, and Peter Guber, chairman of Mandalay Entertainment, have won the bid for the NBA's Golden State Warriors, a source close to the sale has told CNBC.