May 29, 2015
The revision, which was near economists' latest estimate of a 1% contraction, showed how the world's largest economy remains vulnerable to shocks as it struggles to regain its vigor. The dip, expected to be short-lived, marked the third quarterly contraction since the economy emerged from recession in mid-2009.
May 27, 2015
Although unemployment is down, Torain said, she thinks many of the new jobs created pay relatively little. “The jobs being added aren’t jobs you raise a family on,” she said.
May 26, 2015
The variations in revenue projections are getting wider, not only between those of the agencies, but from one cycle to the next. And they make state budgeting less an exercise in priority-setting and more a crapshoot whose outcome is determined by esoteric factors completely out of politicians’ control.
May 26, 2015
The fatter budgets outlined by Assembly and Senate leaders seize on alternative estimates from legislative analysts that the state will receive $3.2 billion more revenue than the Brown administration projects.
May 21, 2015
With little fanfare, the president in March scaled back the ambitious goals laid out in 2009 that sought the million units on the road by 2015 as it became clear that technology and consumer interest were not keeping pace with his ideals. Sales and government purchases have failed to meet even lowered expectations, government sales data and U.S. sales data show.