Sightings & Happenings Around Town

Budget-Busting Childcare Costs Are Talk of U.S. Campaign Trail

Policy makers are responding to the cries of parents who are forced to choose between paying childcare bills, which have climbed more than twice as fast as overall inflation since the end of 1990, or foregoing work. The soaring costs crowd out other forms of household spending, distorting the biggest part of the U.S. economy.

Nov 24, 2015 Michelle Jamrisko
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Show Them That You Care

10 ways to let your clients know you appreciate them

Of course we care about our clients, but are they feelin’ it? You may think you are doing a great job of appreciating clients, but consider this disconnect: According to a Harvard Management Update generated by Bain and Co., 80 percent of companies believe they deliver a superior customer experience, but only 8 percent of their customers agree. Obviously, it’s time to consider some appreciation tactics. 

Nov 23, 2015 Gordon Fowler
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Machines Are Better Than Humans at Hiring the Best Employees

People want to believe they have good instincts, but when it comes to hiring, they can’t best a computer. Hiring managers select worse job candidates than the ones recommended by an algorithm, new research from the National Bureau of Economic Research finds.

Nov 20, 2015 Rebecca Greenfield
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Investment in Higher Education is Essential to Regional Business Growth

For the first time since 2006, California’s governor and Legislature will provide the California State University the funding its Board of Trustees had sought for this academic year. Of course the level of funding does not approach what it was before the great recession, but it does provide an opportunity for the largest system of higher education in this state and country to meet the continued demand for education sought by thousands of potential students.  

Nov 20, 2015 Alex Gonzalez
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Difficult Employees with Good Intentions

Don’t give up on a great worker who can’t communicate

You might experience a scenario like this at the office: A colleague, boss or employee is incredibly gifted; they are technically skilled, knowledgeable, strategic and very smart.  But a frustrating paradox is that they are terrible communicators: unable to take on other’s perspectives, constantly interrupting and long-winded, putting themselves ahead of others, defensive, inflexible, emotional — you get the drift.  

Nov 19, 2015 Tania Fowler
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Better Crowdfunding Means Better Business

Small businesses keep California humming. They make up an impressive 99.2 percent of California’s employers and employ more than 6 million Californians. But small businesses can’t thrive and grow – or even get off the ground – if they can’t access loans or credit.

Nov 18, 2015 John Arensmeyer
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The Marvelous Mentor

Chris Johnson’s massive success affords next-gen business leaders the opportunity to grow

In the coming months, Chris Johnson will ask a lot of his employees, whose average age is just 24 years old. He expects to do $30 million in retail sales this third year of manufacturing, recently signed a powerful licensing deal with Disney’s Marvel, and plans to expand from the four products currently on shelves to more than 100 next year. But Johnson’s hiring strategy emphasizes passion over experience, something he says his team has in spades.

Nov 17, 2015 Andy Galloway
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Welcome to the Neighborhood

Cask & Barrel brings approachable dining to Del Paso Boulevard

At Cask & Barrel in north Sacramento, there are no entrees. The restaurant has a small kitchen staff and high-end food at low prices. Chef Gabriel Glasier and his pastry chef, business partner and fiancée, Kristel Flores, are bringing something different to a corner of Del Paso Boulevard that’s proved to be enigmatic, to say the least, for two decades.

Nov 16, 2015 Rick Kushman
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Shoes with Soul

Benjamins Shoe Corp.

Benjamin Schwartz was an aspiring film producer in the middle of creating his first TV show when he stumbled upon his true calling as a cordwainer (a fancy word for shoemaker).

Oct 23, 2015 Kelly Higdon
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Business Vacay

The millennial approach to business travel

According to a recent article, millennials are not frugal when it comes to company cash. Recent research shows that millennials spend more money on business trips than either gen X or baby boomers — on costly expenses ranging from flight upgrades to hotel room service.

Nov 17, 2015 Kiara Reed

Carrying Student Debt? You May Be In for a Lot of Robo-Calls

In the past, debt collectors could autodial borrowers only on the phone number they provide in their loan agreements. The new rules could allow the companies to repeatedly call any phone number associated with a student loan borrower—including family members’ cell phones or any number once held by the debtor.

Nov 17, 2015 Natalie Kitroeff

Calpers Pushes Boards to Clear Room for the Young and Ethnic

The $294 billion California Public Employees’ Retirement System is taking aim at older, white men on corporate boards with a proposed policy aimed at adding more women, minorities and gays to key positions at the largest U.S. companies. Raymond, five years older than the bank’s recommended retirement age of 72, exemplifies that group.

Nov 13, 2015 Alison Vekshin
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California Bonds Lose Allure as AIG Stake Cut by Most Since 2010

The Golden State is losing its luster to municipal-bond buyers, such as American International Group and Principal Global Investors. Following a five-year run when California bonds outperformed the $3.7 trillion municipal market, investors are starting to retreat: They’re demanding the highest yields in 16 months to own the state’s 10-year securities instead of benchmark debt. The shift is threatening the rally ignited by a wave of good financial news that’s led to eight upgrades to its credit rating since the end of the recession.

Nov 12, 2015 Brian Chappatta and Romy Varghese