04/26/2024

News

Port of Oakland Bets on Big Changes to Steer Global Commerce to Bay Area

The Port of Oakland wants to reroute that trip, and is battling powerful rivals in a competition for precious goods. Its leaders have rolled the dice on a bold, $1.2 billion solution: turn the old Oakland Army Base into an ultra-efficient port that links ships directly to trains, reducing truck traffic, expanding the port’s cargo business and securing the Bay Area’s role in the 21st-century global shipping economy.

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California Highways Among Worst in the Nation

California’s highways continue to rank among the worst in the nation — a sorry distinction the state has held for more than a decade.

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US Economic Growth was Significantly Slower in First Quarter Than Originally Thought

WASHINGTON — The U.S. economy may not be strong enough for the Federal Reserve to slow its bond purchases later this year.

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California Finances Healthy Now, but Huge Bills Coming Due

SACRAMENTO — Let’s say you were buried under an avalanche of debt for years and could only make the minimum payments on your credit card bills. But then you started cutting back your expenses — and even got a raise at work. Suddenly, you were paying your bills on time, and even going out to eat a couple of times a month.

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Symantec Hit with Layoffs, Part of ‘Companywide Transformation’

MOUNTAIN VIEW — In its continuing drive to cut costs and streamline operations, security software giant Symantec confirmed Thursday that it will be cutting jobs.

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Brown defends California’s business climate

SACRAMENTO, Calif.—Gov. Jerry Brown acted Wednesday as California’s cheerleader-in-chief, countering the state’s anti-business reputation in an address to hundreds of business, agriculture and education leaders.

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NetApp Lays Off 900 Workers in Business Realignment

Company: NetAppCA Net Job Gain/Loss: -235Reason: LayoffCity/Region Losing Jobs: Sunnyvale, CA

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Editorial/Opinion: John Chiang: Immigration reform will boost the California economy

We humans have a history of dividing the world into “us” and “others.” As the son of immigrant parents, I saw firsthand the trepidation of those unready to transcend cultural differences with other Americans.

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Governor Jerry Brown Praises Chinese For Bullet Train

SACRAMENTO — Gov. Jerry Brown got a firsthand look on Thursday at the world’s most extensive high-speed rail system and praised the initiative that created the Chinese railway, saying he was anxious to start building similarly ambitious projects in California.

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Reform Of California’s Landmark Environmental Law On Life Support

SACRAMENTO — For years, California’s business leaders have lamented that the state’s 43-year-old environmental law is too often used to protect everything but the environment.

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California High-Speed Rail Costs Soar Again

SACRAMENTO — While much of the squabbling over California’s high-speed rail project has focused on its huge construction price tag, the cost to taxpayers just to plan the bullet train is also soaring.

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PPIC Poll: Economic Worries Crowding Out Big Issues In California

SACRAMENTO — The still-stagnant economy is weighing so heavily on Californians’ minds that it’s crowding out other top issues such as immigration, gun control and climate change — and is stifling support for major statewide initiatives such as high-speed rail and a Central Valley water project.

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California Economy Has Slowed But Is Poised For Growth

While the Bay Area economy remains robust, California has gotten stuck in a slowdown, according to the latest report from the closely watched UCLA Anderson Forecast. But it’s not time to push the panic button.

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Silicon Valley job growth has reached dot-com boom levels, report says

MOUNTAIN VIEW — Silicon Valley’s job growth has returned to dot-com boom levels and San Francisco has emerged as a major new tech hub. But good times have not returned for all area residents and ethnic groups.

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Editorial/Opinion: California Needs To Get Smart About Its Tax Breaks

As Democrats contemplate what to do with their new supermajority power in the Legislature, they should avoid Republicans’ worst fears: tax increases to restore depleted services. Nearly 2 million Californians remain unemployed. Economic growth must be a top priority. And one of the best ways to accomplish it is to reform the California Environmental Quality Act.

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