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California Recession

When It Comes To Poverty, SoCal Is Getting Worse

Los Angeles Daily News | Brenda Gazzar | Posted 11.20.2013 | Los Angeles

Tisha Morrison, 46, of Pacoima found herself taking refuge in the Los Angeles area after her Louisiana home was destroyed by Hurricane Ike in 2008. T...

Aaron Sankin

Guess Which State Has The Highest Unemployment Rate? | Aaron Sankin | Posted 03.19.2013 | San Francisco

In the month of January, California was tied with Rhode Island for having the highest seasonally adjusted unemployment rate of any state in the nation...

Aaron Sankin

Will The Fiscal Cliff Ruin California? | Aaron Sankin | Posted 11.16.2012 | San Francisco

From virtually the second President Barack Obama secured a second term in the Oval Office, national attention turned to the next major issue looming o...

San Francisco Struggles In The Face Of California's Growing Economy

Aaron Sankin | Posted 07.24.2012 | San Francisco

It's no secret the recession hit the Golden State harder than most. But recent good news on the jobs front shows California's economic recovery may be...

Straight Outta Compton

The Huffington Post | Anna Almendrala | Posted 07.18.2012 | Los Angeles

Compton, Calif. could be the fourth city in the Golden State to seek bankruptcy protection. At a city council meeting Tuesday, officials announced...

It's Halftime in California: Let's Win the Second Half

Edward Headington | Posted 04.17.2012 | Los Angeles
Edward Headington

There are enduring challenges facing us here in the golden state but put me on the side that believes we are going to rally for the second half -- electing people with the mentality, skill set and pragmatism to move us forward.

Hardest-Hit Groups Among CA's Unemployed

2011-03-16-Screenshot20110316at9.39.25AM.jpeg | Joanna Lin | Posted 10.22.2011 | Los Angeles

This story comes courtesy of California Watch. California's unemployment rate remains the second-highest in the nation - 12 percent in July - but ...

Historic Housing Bust

| Joanna Lin | Posted 09.25.2011 | Los Angeles

By Joanna Lin Story comes courtesy of California Watch. White households have a net worth 20 times that of black households and 18 times that o...

Challenges and Lessons from a Year as Speaker

Karen Bass | Posted 05.25.2011 | Politics
Karen Bass

As Speaker of the California State Assembly, my overwhelming challenge has been to keep California going in the face of the brutal economic recession.

Beverly Hills Recession: Pain Trickles Upwards In Ritzy Zip Code

CNN | Posted 05.25.2011 | Business

The Lamborghinis and Bentleys still cruise Rodeo Drive in Beverly Hills. But these days, visitors to California's most famous ZIP code are more likel...