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The California Report

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First Round of 'Cap-and-Trade' Auctions Called Successful
The centerpiece of California's climate strategy is now in place, with the launch of its long-awaited market for greenhouse gas emissions. Officials certifying the auction of carbon pollution permits pronounced it an early success.

Lenders Making Some Mortgage Relief Moves, But Slowly
Bank of America is ahead of Wells Fargo and Chase in giving relief to California homeowners at risk of foreclosure. That's according to the latest figures on the attorney general's mortgage settlement. Still, critics say the banks are focused on short sales rather than helping homeowners in trouble.

The Giving State: Muttville
Our series about volunteers in California profiles Marie Macaspac, a public relations specialist who does online marketing for a group that rescues senior dogs.

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