04/19/2024

News

SF Supervisors Vote 10-0 to Approve “Bill of Rights” for Formula Retail Workers

Mar’s ordinance requires businesses to pay employees for four hours if an employee is either on-call or sent home early, and mandates businesses to offer extra hours to part-time workers before hiring new employees. Chiu’s legislation calls on formula retail stores to post employees’ schedules 14 days in advance, give workers extra pay for changing a schedule at the last minute, and allow the same access to requests for time off and particular work schedules to part-time workers that they do for full-time employees.

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SF Minimum Wage Hike Wouldn’t Hurt Economy, New Study Says

A hike in San Francisco’s minimum wage would benefit more than one in five city workers without harming the local economy, a new study concludes.

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California Controller Chiang: Where are Our Sales Taxes?

Calling growth in the state’s sales tax receipts “weaker than expected in recent months,” Chiang said he was surprised, “given the improvement in the State’s other major revenues and the economy in general.”

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Bay Area Housing, Traffic in Crisis, Poll Says

That’s according to the results of a new poll released today showing that 79 percent of residents believe the region is facing dire straits regarding home prices. And more than 7 of 10 people surveyed said the region’s traffic congestion is a catastrophe.

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California Fracking Moratorium Bill Could Add to Sting of Critical Report

Lawmakers in the state Senate will decide this week on a law that would halt fracking in California until state government officials deem it safe – a move that could prevent the creation of some 195,000 jobs, according to figures provided by the oil industry.

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SF Loses Another HQ as Union Bank’s Parent Moves to New York

San Francisco often comes up short when major companies decide where to locate their headquarters and it’s happened again: Union Bank’s parent is moving its headquarters to New York from San Francisco as it pursues its national banking ambitions.

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Hewlett-Packard to Cut Additional 11,000 to 16,000 Jobs, Stock Falls on Earnings Report

Hewlett-Packard Co. will cut an additional 11,000 to 16,000 jobs as the company pursues its restructuring under CEO Meg Whitman. That brings the total planned cuts to almost 50,000, which would equal roughly 15 percent of its global workforce.

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Farewell, Unemployment: San Francisco Metro Area Reaches Statistical Full Employment

Without the dramatic revenue dips or spikes of years past, and with scant new policy proposals, this year’s May Revision was about as exciting as a jar of pudding.

But one number jumped out. By next year, the state expects 11 million Californians – 30% of the population to receive Medi-Cal benefits.

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Tesla Supplier Futuris Automotive Inks Big Lease in Newark

Futuris Automotive Inc., a supplier to Tesla Motors, just inked a deal with Prologis for 160,000 square feet of office and industrial space at 6601 Overlake Place in Newark.

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Qumu Moving Back to Bay Area to Focus on Video Business

In a dramatic sign of the rise of streaming video and how vulnerable companies can be to changing technology trends, Qumu Corp. (NASDAQ: QUMU) is coming back to the Bay Area and will divest itself of its shrinking disc publishing business so it can focus entirely on its growing corporate video content management software business.

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UC Berkeley Admits Even More Out-of-State Students to Boost Revenue

The University of California, Berkeley raised its out-of-state student enrollment target to 23 percent because it needs more money.

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UCLA Forecasts Modest Job Growth for California

The findings of the March UCLA Anderson Forecast predict that total employment will grow by 1.8 percent in 2014, 2.2 percent in 2015 and 2.1 percent in 2016.

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Minimum Wage Increase Could Cost 500,000 Jobs, CBO Estimates

Raising the federal minimum wage to $10.10 an hour by 2016 would cost the economy 500,000 jobs, according to the Congressional Budget Office.

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Sedgwick LLP Ships 100 San Francisco Jobs to Kansas City

Sedgwick LLP will open a back-office operation in Kansas City in June as a cost-saving move, continuing a trend where law firms are moving nonlegal jobs to lower cost regions.

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Small Businesses Hire More Workers, Buy More Equipment — and Continue to Worry

The National Federation of Independent Business’ monthly index of small business indicators gained 1.4 points in December to hit 93.9. That’s back to where it was this summer, but 6 points below the pre-recession average, according to NFIB.

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