Economy http://kvpr.org en Drought Hurts Fresno County Crop Value, Dropping Behind Tulare County http://kvpr.org/post/drought-hurts-fresno-county-crop-value-dropping-behind-tulare-county <p>A report released today shows that Fresno's agricultural industry has slipped out of its first-place standing in the state.&nbsp; The 2013 Fresno County crop report shows that its total gross value of agricultural products last year was $6.4 billion, over $1.3 billion behind Tulare County--the first time since 2002 that Tulare swung to the top of the list.</p> Wed, 16 Jul 2014 00:32:18 +0000 Kerry Klein 35761 at http://kvpr.org Drought Hurts Fresno County Crop Value, Dropping Behind Tulare County Drought Could Cost California Economy $2.2 Billion In 2014, Says Study http://kvpr.org/post/drought-could-cost-california-economy-22-billion-2014-says-study <p>The California economy could lose $2.2 billion this year because of the drought. Max Pringle reports on <a href="http://news.ucdavis.edu/search/news_detail.lasso?id=10978">a UC Davis study</a> that shows the agriculture industry alone could lose $1.5 billion.</p><p>The study says California will have to make do with a third less water this year and that could lead to 430 thousand acres of fallow farmland. Former UC Davis Economist Richard Howitt says the pain won’t be spread evenly throughout the state.</p> Wed, 16 Jul 2014 00:05:33 +0000 Max Pringle - Capital Public Radio 35760 at http://kvpr.org Drought Could Cost California Economy $2.2 Billion In 2014, Says Study Organizers Say Fresno Software Competition So Successful, It's No Longer Necessary http://kvpr.org/post/organizers-say-fresno-software-competition-so-successful-its-no-longer-necessary <p>Downtown Fresno is just 163 miles from Mountain View, the heart of Silicon Valley and the home of tech giant Google, but in many ways it's a world away.&nbsp;<span style="line-height: 1.5;">But while the San Joaquin Valley may be known more for its produce than its programmers a local competition has been working for the past five years to change that. </span></p> Tue, 24 Jun 2014 21:19:14 +0000 Joe Moore 34697 at http://kvpr.org Organizers Say Fresno Software Competition So Successful, It's No Longer Necessary Report: Drought Won't Hurt California Economy http://kvpr.org/post/report-drought-wont-hurt-california-economy <p>California’s drought may have a lot of negative consequences, but a new report out today says the state’s economy won’t be one of them. Katie Orr reports from Sacramento.</p><p>The report from Moody’s Investors Service finds, short term, California’s economy won’t suffer as a result of the drought. It finds the state’s reliance on income taxes and sales taxes will largely provide a buffer. H.D. Palmer with the governor’s Department of Finance, agrees the state’s economy has weathered the drought so far.&nbsp;</p> Wed, 21 May 2014 01:28:05 +0000 Katie Orr - Capital Public Radio 32997 at http://kvpr.org Report: Drought Won't Hurt California Economy Creative Fresno Celebrates 10 Years http://kvpr.org/post/creative-fresno-celebrates-10-years <p>Back in the mid 1980’s writer and urban planner Charles Landry was the first to describe how creativity and specifically those involved in creative professions could transform a city – something he called the Creative Cities movement.</p> Tue, 15 Apr 2014 22:55:47 +0000 Joe Moore 31252 at http://kvpr.org Creative Fresno Celebrates 10 Years After Years of Deficits, Budget Surpluses Projected for California http://kvpr.org/post/after-years-deficits-budget-surpluses-projected-california <p class="p1"><span style="line-height: 1.5;">&nbsp;&nbsp;</span>California’s structural deficit is history – and the legislature’s non-partisan budget analyst is projecting growing surpluses for the next several years.&nbsp; But as Ben Adler reports from Sacramento, the welcome budget news still comes with words of caution.</p> Thu, 21 Nov 2013 02:47:18 +0000 Ben Adler - Capital Public Radio 24816 at http://kvpr.org After Years of Deficits, Budget Surpluses Projected for California Bill to Increase California's Minimum Wage Passes Legislature http://kvpr.org/post/bill-increase-californias-minimum-wage-passes-legislature <p class="p1"><span style="line-height: 1.5;">&nbsp;&nbsp;</span>A bill that would gradually increase the California minimum wage to $10-an-hour has passed the State legislature and is on its way to the governor. It would be the first increase in the minimum wage in six years.</p><p class="p1">Democratic Senator Bill Monning says if you’re a Californian subsisting on the current state minimum wage, you’re living a second class existence.</p> Fri, 13 Sep 2013 17:34:32 +0000 Max Pringle - Capital Public Radio 21544 at http://kvpr.org Bill to Increase California's Minimum Wage Passes Legislature Minimum Wage Deal at California Capitol http://kvpr.org/post/minimum-wage-deal-california-capitol <p class="p1">It looks like California’s minimum wage will go up next year for the first time since 2008.&nbsp; Ben Adler reports from Sacramento on the deal announced today by Governor Jerry Brown and Democratic legislative leaders.</p><p class="p3">Under the deal, California’s $8-an-hour minimum wage would rise to $9 in July of next year, and then to $10 in January of 2016.&nbsp; That’s a faster pace than the original bill that’s been moving through the legislature this year.&nbsp; But it does not include automatic adjustments for inflation, as was previously proposed.</p> Thu, 12 Sep 2013 01:24:24 +0000 Ben Adler - Capital Public Radio 21434 at http://kvpr.org Minimum Wage Deal at California Capitol California Adds 38,000 Jobs in July http://kvpr.org/post/california-adds-38000-jobs-july <p class="p1">The latest California employment numbers are out, and on the surface, July’s 38,000 job gain looks great.&nbsp; But as Ben Adler reports from Sacramento, a troubling trend in today’s report calls that gain into question.</p><p class="p3">The 38,000 job increase is the state’s largest monthly gain this year.&nbsp; It’s also nearly a quarter of the nation’s total job growth in July.&nbsp; But citing a flawed seasonal adjustment in teacher jobs, the state is revising June’s 30,000 job gain down to 12,500, and May’s 17,000 increase down to 9,500.</p> Fri, 16 Aug 2013 23:50:06 +0000 Ben Adler 20170 at http://kvpr.org California Adds 38,000 Jobs in July 'The Economist' Profiles the San Joaquin Valley's Struggling Economy http://kvpr.org/post/economist-profiles-san-joaquin-valleys-struggling-economy <p>Three years ago, The Economist <a href="http://www.economist.com/node/15331478">published an article</a> that chronicled the toll the great recession had taken on the people and the economy of the San Joaquin Valley, calling the region the Appalachia of the West. Tue, 06 Aug 2013 19:42:07 +0000 Joe Moore 19573 at http://kvpr.org 'The Economist' Profiles the San Joaquin Valley's Struggling Economy State to Lose Federal Jobless Benefits Next Month http://kvpr.org/post/state-lose-federal-jobless-benefits-next-month <p class="p1">California’s Employment Development Department says that come mid-August, an improving economy is expected to cost thousands of jobless workers the last 10 weeks of their federal unemployment benefits. Max Pringle reports from Sacramento.</p><p class="p3">California’s economic rebound means the federal government may soon cut-off assistance to the state’s long-term unemployed.</p><p class="p3">“We’re now nearing that point where we will no longer qualify for Tier 4 federal extension benefits," says&nbsp; Loree Levy with the state’s Employment Development Department.</p> Thu, 18 Jul 2013 01:11:28 +0000 Max Pringle 18527 at http://kvpr.org State to Lose Federal Jobless Benefits Next Month California Economy Inches Up in World Ranking http://kvpr.org/post/california-economy-inches-world-ranking <p class="p1">There’s new evidence that California’s economic outlook is improving. A new study shows the state is regaining its place as the world’s eighth-largest economy this year after falling to ninth during the recent downturn.&nbsp;</p> Fri, 12 Jul 2013 01:02:22 +0000 Captial Public Radio Network 18198 at http://kvpr.org California Economy Inches Up in World Ranking California Economy, State Finances Stronger than Other States http://kvpr.org/post/california-economy-state-finances-stronger-other-states <div><p>A new report that compares state finances finds California's budget revenues are soaring higher than all but one other state in the nation.&nbsp; Its economy is growing at an above-average pace as well.&nbsp; Ben Adler has more from Sacramento.</p></div><p>The study comes from the Tax Policy Center – a project of the Urban Institute and the Brookings Institution.&nbsp; It compares state tax revenues, economic growth and other data for all 50 states.</p> Wed, 10 Jul 2013 19:13:17 +0000 Ben Adler 18107 at http://kvpr.org California Economy, State Finances Stronger than Other States Assembly Approves Minimum Wage Increase http://kvpr.org/post/assembly-approves-minimum-wage-increase <p>California’s minimum wage would go up for the first time in six years under a bill passed by the state Assembly today. Ben Adler has more from Sacramento.</p><p>Democratic Assemblyman Luis Alejo’s measure would raise the minimum wage from $8 an hour to $9.25 over the next three years – with cost-of-living adjustments each year after that.</p><p>“It’s been six long years – six long years - since we’ve raised the minimum wage here in California.&nbsp; It’s been locked in at $8 an hour, when we know the price of rent, of clothing, of food, has all gone up during that time,” says Alejo.</p> Thu, 30 May 2013 22:51:53 +0000 Ben Adler 15988 at http://kvpr.org Assembly Approves Minimum Wage Increase California Tied With Rhode Island For Highest Unemployment in Nation http://kvpr.org/post/california-tied-rhode-island-highest-unemployment-nation <p></p><div><p>California now has one of the highest unemployment rates in the nation. As Amy Quinton reports from Sacramento, the latest figures from the California Employment Development Department show no improvement in the state’s jobless rate for January.</p></div><p>California’s unemployment rate remained at 9.8 percent in January. That ties the state with Rhode Island for the highest unemployment rate in the country.&nbsp;</p> Wed, 20 Mar 2013 01:29:40 +0000 Amy Quinton 12398 at http://kvpr.org California Tied With Rhode Island For Highest Unemployment in Nation Report: California Women Faring Worse than Men During Economic Recovery http://kvpr.org/post/report-california-women-faring-worse-men-during-economic-recovery <p></p><p>A new study finds women in California aren’t faring as well as men during the economic recovery.&nbsp; The analysis was done by The California Budget Project and the Women’s Foundation of California.&nbsp;&nbsp;</p><p>It finds employment among the state’s women declined by a little less than one percent over the past two years – while it was increased nearly two percent among men.</p><p>Chris Hoene with the Budget Project says cuts to programs such as CalWorks, the state’s welfare to work program, and cuts to state subsidized child care have largely affected women:</p> Tue, 19 Mar 2013 23:59:47 +0000 Joe Moore 12397 at http://kvpr.org Report: California Women Faring Worse than Men During Economic Recovery For Many Seniors Working Well Beyond 65 Is New Reality http://kvpr.org/post/many-seniors-working-well-beyond-65-new-reality <p><span style="line-height: 1.5;">The world for the retiree is evolving. For some retirement means a chance to globe-trot or travel across the country in an RV, but for many 65 is just another milestone, a reminder of poor financial decisions earlier in life or a chance to explore a second career.</span></p><p> Tue, 05 Mar 2013 23:30:00 +0000 Ezra David Romero 11706 at http://kvpr.org For Many Seniors Working Well Beyond 65 Is New Reality Foreclosure Process Speeds Up in California http://kvpr.org/post/foreclosure-process-speeds-california <p>Banks are speeding up the home foreclosure process in California, according to data out today. But one analyst says the process may start to slow down again.</p><p>It took lenders an average of 335 days, or about 11 months to complete the foreclosure process on California properties in the third quarter.</p><p>Daren Blomquist with foreclosure listing service RealtyTrac says that was down three percent from the previous quarter and an eight percent drop from a year ago.</p><p>"These foreclosures, if they’re going to happen, it’s better that it’s more like a band-aid that you rip off."</p> Thu, 11 Oct 2012 15:29:18 +0000 Steve Milne 5294 at http://kvpr.org Foreclosure Process Speeds Up in California Governor Jerry Brown On CNN: Country In Slow Recovery http://kvpr.org/post/governor-jerry-brown-cnn-country-slow-recovery <p>California Governor Jerry Brown was on national TV over-the-weekend weighing-in on the presidential election.</p><p>He was among the guest line-ups for the Sunday TV news shows, appearing on CNN’s “State of the Union.”</p><p>Brown said President Obama has laid a foundation for economic recovery and job creation.</p><p>And he argued against Mitt Romney’s “supply-side” economic plan of lowering taxes on corporations to help spur job growth.</p> Mon, 10 Sep 2012 19:24:56 +0000 Steve Milne 3724 at http://kvpr.org Governor Jerry Brown On CNN: Country In Slow Recovery AAA: Labor Day Holiday Travel Up http://kvpr.org/post/aaa-labor-day-holiday-travel <p>The latest AAA forecast says a higher number of Californians will be traveling over this Labor Day holiday weekend.</p><p>According to the auto club, 3.7 million Californians will travel 50 miles or more.</p><p>“This is a modest increase of 3.4 percent over last year," said Cynthia Harris, who is with AAA Northern California. She says “modest” increases in travel numbers have been the norm over the past four years.</p> Sat, 01 Sep 2012 19:36:32 +0000 Steve Milne 3310 at http://kvpr.org AAA: Labor Day Holiday Travel Up