Economy

The latest in our video playlist of new California laws-in-a-minute: A ban on discrimination against renters with Section 8 vouchers.

The Trump administration finalized a rule Wednesday that will cut off food stamps to roughly 688,000 American adults by requiring states to enforce work requirements. The U.S. Agriculture Department said the move will save about $5.5 billion over five years. The rule takes effect in April 2020. “This is about restoring the original intent of […]

Are robots coming for your job? Why is pay falling behind as productivity rises? What about college? And could unions save California's middle class?

Oscar Serna is still waiting for wages he is owed from working in the farm fields of California and Texas more than 70 years ago.  Serna was 16 when he came from Mexico and was hired under an agreement between the U.S. and Mexico governments to work in the fields, where he picked oranges and […]

It’s a Catch-22: to get good credit, consumers must first have good credit scores. Programs like the one run by the nonprofit Mission Asset Fund bridge informal traditional lending practices with the mainstream financial system. 

Pacific Gas & Electric turned off power to Ana Patricia Rios’ neighborhood in Sonoma County for eight days in October, three at the beginning of the month and five near the end. The mother of three young boys watched twice as nearly all of the food in her refrigerator spoiled. She threw out at least […]

California's decision to buy only from carmakers that have agreed to follow its clean car rules may well cost GM's Chevrolet tens of millions of dollars.

Gov. Gavin Newsom announced a $10 million plan to improve Fresno’s public schools during his visit to the city on Friday. Newsom delivered the keynote speech during the second day of the eighth annual California Economic Summit, which brought together over 800 civic and business leaders in downtown Fresno. “I care deeply about this damn Valley […]

The Central Valley Community Foundation announced a plan to attract $4.2 billion in investments to revitalize Fresno at the eighth annual California Economic Summit. More than 800 civic and business leaders from across the state met in downtown Fresno on Thursday for the first day of the two-day summit organized by the nonprofit California Forward. State and local stakeholders […]

Starting next year, Californians who take out consumer loans of between $2,500 and $10,000 can be charged an interest rate no higher than 35%. With annual fees, the maximum cost can pencil out to as high as 46%. That’s still significantly lower that the 100%-plus interest rates lenders have been charging — legally. The new […]