What to Do With a State IOU
Tens of thousands of Californians will be getting IOUs from the state this week. The IOUs can't be redeemed until October, at an interest rate of 3.75 percent. But some large banks are accepting them this week, while a secondary market for the notes is springing up.
Koreatown Label Irks Some Residents
Property owners in one Oakland neighborhood had an idea to rev up local business by rebranding the area as Oakland's Koreatown. But the branding has provoked anger from community members who say the decision to impose the name on a multiracial neighborhood was insensitive.