Economy

Lifelong Californian Lori Thompson is well aware of the state’s dire affordable housing problem. She’s just wondering why she’s the one who has to pay to fix it. After her daughter moved to Reno to escape high rents in the Monterey Peninsula, Thompson and her husband decided last December to purchase a $360,000 cabin in […]

Two economic forecasts released in recent days warn of dire consequences for California should President Trump’s policies steer the country into a trade war.

The California dream isn’t dead. It just upped and moved to South Dakota. Less than half of people born in California in 1980 are making more money than their parents did as young adults. That’s the lowest percentage of children out-earning their parents that California has seen since at least 1940. By contrast, 62 percent […]

With the Trump administration and Republicans in Congress gearing up to make America's tax code great again, one of California's biggest tax breaks might be on the chopping block: the deduction on state and local taxes.

The general assumption for retirement security is a job in the public sector. The trade-off means lower pay, however. Meanwhile, the private sector has strayed from pension promises, but is a 401(k) worth it?

Five things to know about sanctuary status for at-risk immigrants

How are cities across California responding to the ballooning cost of pensions in the state? CALmatters Reporter Judy Lin explores a case study in Richmond where priority police and library services are already being cut.

Many cities across California face rising costs for public employee retirement benefits. And for some, that’s laying bare a stark reality — it’s getting tougher to provide basic services and meet the pension obligations promised years ago.

Generous retirement benefits for public safety employees could help push the Bay Area city of Richmond into bankruptcy

On his first day in office, Trump signed an executive order to withdraw from the Trans-Pacific Partnership, a pact that involved 12 Pacific Rim countries to lower or eliminate tariffs and promote exports. He has also vowed to renegotiate the North American Free Trade Agreement, a deal between the U.S., Mexico and Canada to remove trade barriers.