Capital Notes Blog

KQED's John Myers blogs from Sacramento on California's budget crisis.

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The Economy: California Facing Hard Times

From KQED Public Radio

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.


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.


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.


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.

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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