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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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KQED Radio News | Fri, Nov 20 2009, 5:30 PM
State Unemployment Highest Since Great Depression
California's new jobless numbers came out today, and the state has once again set a dismal record. At 12.5 percent unemployment, it's the highest rate since the Depression. But there is a glimmer of good news as well -- 25,000 new jobs were created in the state last month. We sort out the numbers.
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California Money | Thu, Nov 19 2009, 3:57 PM
Mixed Signals in California's Housing Market
For the first time in two years, the Bay Area's median home price rose in October from the previous year. Home sales were also up even as foreclosure sales dropped. That's according to new figures from MDA Dataquick. But the Mortgage Bankers Association is warning of a new wave of foreclosures.
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California Money | Tue, Nov 17 2009, 3:57 PM
Tech IPO May Open Floodgates
A Sunnyvale-based start up is set to become the latest of only a handful of tech firms to jump into the IPO market this year. Fortinet, a network security provider, is expected to go public tomorrow. Silicon Valley has seen virtually no IPO activity for nearly two years. But Fortinet may be just the beginning of a flurry initial public offerings.
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The California Report | Mon, Nov 16 2009, 8:50 AM
No Recovery for Small Businesses
Recovery? What recovery? That's what many small business owners in California are asking whenever they hear news that the recession is technically ending. Customers are keeping their wallets closed and credit is drying up.
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California Money | Fri, Nov 13 2009, 3:57 PM
New East Palo Alto Supermarket / California Exports Up
San Jose-based Mi Pueblo Food Center is getting ready to open a new store in East Palo Alto this weekend. The opening marks the first time the community has had a full-service supermarket in more than two decades. Also, new numbers show California's export trade beginning to pick up.
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KQED Radio News | Tue, Nov 10 2009, 5:30 PM
Huge Enrollment Cuts Ahead for CSU System
California State University Chancellor Charles Reed announced today that the system will cut enrollment by up to 40,000 students by 2011. That's almost 10 percent of the current enrollment. Reed said the decision is the worst thing he could do. But he says California's continuing budget crisis leaves him no choice. We talk to two high school counselors -- one in Sacramento, the other in Oakland -- about the how the CSU cuts affect students there.
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The California Report Magazine | Fri, Nov 6 2009, 4:30 PM
Training Solar Electricians
There was more grim economic news Friday as the national unemployment rate rose to 10.2 percent. In California, it's even worse. As the economy continues shedding blue collar jobs, many are looking to the emerging green economy for new job opportunities. This weekend, an electrician's union is hosting a training session to teach its members how to install solar panels.
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California Money | Fri, Nov 6 2009, 3:57 PM
Your Shrinking Paycheck / Skype Dispute Settled
If you got a paycheck this week and it seems like less than usual, it is. As of November 1, California is withholding more tax from your paycheck each week. Ten percent to be exact. Earlier this year, the Legislature passed a law to increase withholdings to bolster state revenues. But technically, it's not a tax increase. Also, the battle over Skype has finally been settled.
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California Money | Thu, Nov 5 2009, 3:57 PM
Bay Area Exports Up / Steve Jobs: CEO of the Decade
Exports are up substantially at the Port of Oakland and San Francisco International Airport. A new study by the UCLA Anderson Forecast says exports have risen to pre-recession levels. Also, Steve Jobs has something new to add to his resume -- Fortune Magazine just named him CEO of the Decade.
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