09/10/2026

News

Health Net to Be Sold for $6.8 Billion, Headquarters would Exit Southern California

The company would be based in St. Louis. That would make Health Net the latest of several companies whose corporate headquarters have left Southern California.

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We’re No. 8: California Near Top of World’s Largest Economies

The latest figures for 2014 from the World Bank show that Brazil claimed seventh place with a gross domestic product of $2.346 trillion. California’s gross state product, which is comparable to GDP, was $2.312 trillion, according to a report released last month by the U.S. Bureau of Economic Analysis.

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Fewer Californians Got Into UC, While Offers to Foreign Students Rose

About 60% of the 103,117 California applicants were offered a spot on at least one of UC’s nine undergraduate campuses, according to university figures released Thursday. That appears to be a record low acceptance rate, down from about 63% of the 99,955 applicants last year, and about 79% in 1999, the oldest available systemwide figures.

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Wages Shrink for State’s Middle-Income Workers

Wages for the typical worker in California — those who earn $19.18 an hour, or about $39,800 a year — are still 1.8% lower than they were in 2011, when the state’s unemployment rate hovered around 11.5%. The current unemployment rate is 6.4%

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Gov. Brown Faces Rough Road in Quest to Repair State Freeways

After years of neglect, state officials estimate it will cost $59 billion to fix the now-crumbling roads and freeways that Gov. Edmund G. “Pat” Brown championed more than five decades ago. And it’s up to his son, Gov. Jerry Brown, to find the money.

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California Adds 54,200 Jobs in May; Unemployment Rate Ticks Up to 6.4%

Data from the Bureau of Labor Statistics showed that the construction industry added jobs at the quickest pace over the past year, at 6.9%, followed by professional and business services at 5.1% and leisure and hospitality at 3.8%. The state’s slowest-growing industries over the past year were manufacturing, which grew jobs at a rate of 0.4%, and financial services, at 1%.

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Development Deals Tied to State Budget Sidestep “Green” Rules

That effort, resisted by environmentalists and powerful labor unions, sputtered out two years ago. Since then, Brown and Democratic lawmakers have instead struck deals giving special consideration to certain projects rather than confront the political difficulties of overhauling the law. . . Because the arrangements are tied to the budget, they are not subject to the lengthy public review process required of most proposals in the Capitol.

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Fed Holds Off on Interest Rate Hike, Downgrades Economic Forecast

Fed officials sharply downgraded their economic forecast for this year. They projected the economy would grow between 1.8% and 2% this year, well below the range of 2.3% to 2.7% in its last forecast in March.

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Lawmakers Making Side Deals on Hollywood High-Rises, Warriors Arena

Brown approved a streamlined environmental review for the 8150 Sunset Blvd. project in Hollywood in April 2014 and the same expedited process for the Warriors project in Mission Bay three months ago.

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Medi-Cal Patients May Not Have Adequate Access to Doctors, Audit Finds

Prompted by complaints like Hill’s, the California state auditor last year began evaluating how the state oversees much of its health program for low-income residents. The resulting audit released Tuesday found that provider directories were riddled with errors and that the state Department of Health Care Services hadn’t properly regulated plans to guarantee patients adequate access to doctors.

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Supervisor Sheila Kuehl Proposes Same Minimum Wage Hike as City of LA

Los Angeles County Supervisor Sheila Kuehl said Monday that she intends to propose a minimum wage increase for county workers and businesses in unincorporated areas that mirrors the plan recently approved by the city of Los Angeles.

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Labor Leaders’ Credibility Slips in Minimum-wage Debate

But for some partisans on each side of the debate, that historic moment has been tainted by labor leaders’ last-minute push for an exemption for unionized workplaces. The request for a union waiver — proposed and then abruptly shelved — drew national attention, much of it negative, to the county Federation of Labor and its recently installed top executive, Rusty Hicks.

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Governor Brown Says “Spaceship Earth” Approach Will Get California Through Drought

Even as the state struggles through an epic water crisis, Gov. Jerry Brown assured residents Tuesday that technology, adaptation and “a more elegant” way of living would ultimately preserve the California dream for generations to come.

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California State Senators to Propose Overhaul of Prop. 13

Two Democratic state senators plan to introduce legislation Wednesday to overhaul Proposition 13, the state’s landmark restrictions on property taxes, so local governments can raise more revenue from commercial and industrial properties.

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California is Flush With Cash. So Why the Warnings to Prepare for Recession?

But the question is whether California has done enough to guard against another budget crisis, and experts say that the answer is a resounding no.

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