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.