Peter Lindert is one of the preeminent voices in the “deep history” field of economics, which looks at the world economy over the scope of all human history. We recently talked with the UC Davis professor about the U.S. and global economies and the penchant for both to experience exhilarating highs and devastating lows.
If current trends continue, solo medical practitioners could go the way of the dinosaurs.
During the building boom, contractors had to keep a sharp eye on the rising cost of materials if they wanted to make a decent profit. From 2004 to 2008, double-digit increases were the norm for many products.
Looking back, it’s easy to see how some local government pension plans wound up underfunded. As described in last month’s issue, much of the blame goes to generous legislation passed during California’s boom cycles.
Hedge funds are back. Worries about European debt crisis, war in the Middle East and the potential for rating agencies to downgrade America’s treasuries have rattled shareholders. But those fears haven’t held back investors from pouring record amounts of capital into the cowboy country of largely unregulated, nontransparent funds.
In 1999 the dot-com boom was sending lots of money to Sacramento. The state Legislature saw it as a good time to share some of that wealth through state and local pension plans via Senate Bill 400.
Michele Skupic has been around the title insurance business long enough to recognize a turning tide.
Former California State Treasurer Phil Angelides was tapped in 2009 to chair the Financial Crisis Inquiry Commission, a 10-member commission that Congress tasked with determining the causes of the Great Recession.
Despite months of negotiations between legislators and the governor, a reasonable state budget seems an almost unreachable goal.
After a jarring sell-off and resulting glut, there’s just one word for today’s municipal bond market: precarious.
Some banks in the Capital Region are placing more emphasis on customer service and trust as they battle for quality clients in an ever-changing market.
The University of the Pacific arrived from San Jose in 1924, planting a brick-and-ivy educational institution in the heart of the San Joaquin agricultural community. Since then, it’s grown to become the second-largest private employer in the county. But, school officials say, the university can still do more in the business community.
Bob Deis has been Stockton city manager for less than a year. Since coming on board last June, Deis has faced numerous challenges, most notably finding a solution to the city’s enormous budget shortfall and looming pension obligations. We sat down with him recently to discuss some of those issues and his plans to revitalize Stockton’s business climate.
Economically, 2011 may go down as a year with a split personality. Sacramento is looking at a much different year than most of the country. Small businesses face a more divergent climate than large companies. Even among small businesses, many have more confidence in their own prospects than in the economy as a whole.
It should be the perfect prescription for an ailing housing market, but so far few buyers are taking it.
The headlines tell the story: “Worst recession in 70 years,” “Unemployment hits new high,” “More companies close” or “State going broke.” None of us are sorry to bid farewell to this year or even this decade.
This is the final story in a four-part series on water. This month, we’ll wrap up by examining upcoming issues in 2010. Past installments of this series have explored water issues ranging from storage, conservation and desalination, to impacts of a peripheral canal on the Sacramento-San Joaquin Delta.
Everyone seems to agree we are in a mess: collapsing state revenues, inadequate infrastructure, schools that don’t educate — you name it. So who is guilty? Here’s a rundown of the usual suspects and one new one.
In 2008, Bill Koster had his best year in three and a half decades of farming. Commodity prices hit record highs, his expenses were low and water allocation was enough to yield a decent crop, even though it was less than half his contracted amount.
Ira Heinzen knew he wanted to attend college but didn’t know how he would pay for it. Since his childhood, Heinzen was encouraged in education. Always a strong student, the Stockton native was focused in school and active in sports, music and the community.