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The Economy: California Facing Hard Times

A collection of reports by KQED Radio productions, including KQED Radio News, The California Report and Forum. Reports are listed in reverse chronological order.

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California Money | Thu, Mar 11 2010, 3:57 PM

Foreclosure Outlook Improving / New Limits on Salmon Fishing?

California's foreclosure rate ranked fourth in the nation last month, moving up from its fifth-place slot. But according to a survey by Irvine-based RealtyTrac, the outlook for the state seems to be improving. Also, concerns about the decline of salmon in California's rivers are once again threatening the fishing season along the state's coastline.



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California Money | Wed, Mar 10 2010, 3:57 PM

San Francisco's 2009 Tourism Hit / CA Ranks Fifth in Unemployment

San Francisco suffered a steep drop in out-of-town visitors last year. City tourism officials say one million fewer people visited in 2009 than the previous year -- a decrease of 5.8 percent. Also, new federal unemployment rankings show California has the fifth-highest jobless rate in the country.



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California Money | Tue, Mar 9 2010, 3:57 PM

Chevron Cuts 2,000 Jobs

San Ramon-based Chevron says it's still feeling the effects of the recession. The company announced today that it will cut 2,000 jobs in its refining, marketing and transportation departments. But there's some good news on the Bay Area hiring front. Employment services company Manpower says its most recent survey of companies in the region shows an increase in firms that intend to hire new employees.



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KQED Radio News | Tue, Mar 9 2010, 5:30 PM

Oakland Rallies Against Interest Rate Swaps

City officials, employees and community activists rallied in Oakland today against interest rate swaps. That's where cities issue bonds and negotiate deals with banks to hedge against changes in interest rates. Those deals soured when the economy tanked and interest rates fell to near zero percent.



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California Money | Mon, Mar 8 2010, 3:57 PM

California Debt Goes on Sale

This week, $2 billion worth of California debt goes on sale. State Treasurer Bill Lockyer is selling the tax-free general obligation bonds to raise money for infrastructure projects. Also, the U.S. Treasury Department has loosened restrictions on the export of some Internet services to Iran, Sudan and Cuba.



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The California Report | Mon, Mar 8 2010, 8:50 AM

Not Enough Jobs and Not Enough Water

The tiny Fresno County farm town of Mendota has one of the highest unemployment rates in California at about 40 percent. That statistic, and the reasons behind it, have put Mendota in the middle of the current battle over the state's water.


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California Money | Fri, Mar 5 2010, 3:57 PM

Unemployment Rate, New Jobs Up / San Francisco Pink Slips

California's unemployment rate edged higher in January to 12.5 percent -- the highest it's been in nearly 70 years. But experts say there are some encouraging signs in the state's job market. Meanwhile, 15,000 employees of the city and county of San Francisco received pink slips today. The plan was put forward by Mayor Gavin Newsom to reduce worker hours as a way to deal with the city's budget shortfall.



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California Money | Thu, Mar 4 2010, 3:57 PM

Business Confidence, Gap Sales Up

For the first time in two years, more Bay Area businesses plan to hire workers than lay them off. That's according to the latest Business Confidence Survey from the Bay Area Council. San Francisco-based retail giant Gap, Inc. surprised industry watchers today with better-than expected February sales figures. Gap, whose apparel brands include Old Navy and Banana Republic, says it's same-store sales rose three percent -- almost double analysts' expectations.



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The California Report | Thu, Mar 4 2010, 8:50 AM

Costing Out the NUMMI Closure

Auto workers in the San Francisco Bay Area got some good news yesterday. Toyota, the last partner standing in the once joint venture with GM known as New United Motor Manufacturing Inc (or NUMMI), announced it will bankroll bonus pay to thousands of workers after the plant in Fremont closes at the end of the month. But the plant is still closing, and that's going to cost the state big time, according to a new report.


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