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Pledge To Help Middle Class
WASHINGTON (AP) –A strong economy needs bustling Main Streets and a thriving middle class, not just a healthy stock market, President Barack Obama said in paying tribute to the American worker. In his...
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Drop in Bay Area Birthrates Linked to Recession
SAN FRANCISCO, Calif. (KCBS) – The recession could be impacting a lot more than the Bay Area’s unemployment rate. Birthrates are down at local hospitals. “It’s hard to even think about bringing another...
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Obama Proposes New Jobs Bill
WASHINGTON (AP) –President Barack Obama is asking Congress to approve at least $50 billion in long-term spending in the nation’s roads, railways and runways in a pre-election effort to show he’s trying...
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California Unemployment Rate Climbs To 12.4 Percent
SAN FRANCISCO (BCN) — California’s unemployment rate climbed to 12.4 percent in August, which is up from 12.3 percent the previous month, according to the latest figures released by the state’s...
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California Poverty Rate Highest In 11 Years
SAN FRANCISCO (AP) – The state’s poverty rate in 2009 was the highest in 11 years, according to a nonpartisan public policy research group. Census Bureau data released Thursday shows the number of...
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Annual Ranking Shows Charitable Contributions Plummeting
SAN FRANCISCO (KCBS) – The economic downturn took an incredible toll on the country’s biggest charities. A new report showed the steepest decline in donations in two decades. KCBS’ Doug Sovern Reports:...
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Treasury Secretary Speaks To Palo Alto Audience
PALO ALTO (BCN) — U.S. Secretary of Treasury Timothy Geithner said at a Palo Alto talk Monday that bank and government officials made catastrophic mistakes with the economy, but that it is slowly...
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Robert Reich Tells KCBS Recession Recovery Will Be Slow
SAN FRANCISCO (KCBS) — Economists are saying that we’re out of the recession and into recovery, albeit a very slow one. But high unemployment has meant less purchasing power, so few Americans actually...
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Stimulus Money A Focal Point In California Senate Race
WASHINGTON (AP) — Republican Senate challenger Carly Fiorina points to California’s 12.4 percent unemployment rate to make the case that the federal $814 billion economic stimulus package was a...
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California Default Notices Crept Higher In Third Quarter
SAN DIEGO (AP) – Mortgage default notices in California have edged up from last quarter for the first time since early last year but remain below their year-ago numbers. MDA DataQuick said Tuesday...
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HP Results Show Seesawing Nature Of Tech Recovery
PALO ALTO (AP) — Hewlett-Packard Co.’s results showed Monday how lopsided the recovery in technology spending has been. HP’s results are a barometer of demand across a swath of industries, from...
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Arts Organizations Struggling To Make Ends Meet
SAN FRANCISCO (KCBS) – Like so many other industries hit by the recession, a growing number of arts organizations have been struggling to make ends meet. Experiencing the arts was traditionally about...
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Treasure Island Youth Jobs Program Lauded For Its Success
SAN FRANCISCO (KCBS) – Training a generation of young workers for jobs in the green sector and the health industry can help lead the country out of chronically high unemployment, Rep. Barbara Lee said...
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Californians Seeking Unemployment In Record Numbers
SAN FRANCISCO (KCBS)- California’s Employment Development Department paid a record amount in unemployment benefits last year, as the Golden State’s high unemployment rate drove 1.7 million Californians...
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Peninsula Shelter Sees Increase In Homeless Families
SAN MATEO (KCBS) – Dozens of homeless families have been forced to bide their time on a waiting list at a peninsula shelter that’s seen unprecedented demand for services because of layoffs and...
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Newsom Touts Job Creation With Texas Governor
AUSTIN, Texas (CBS / AP) — One of them is a conservative Republican who often sides with the tea party. The other is a lifelong Democrat who has promoted gay marriage and supported universal health...
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East Bay Customers Could Face Water Rate Hike
OAKLAND (KCBS) – Leaders of the East Bay Municipal Utility District are considering a plan to raise water rates over the next two years. District officials said costs are going up while water usage is...
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About The Bay: The Plight Of Day Laborers
SAN FRANCISCO (KCBS) – Work has slowed down for many day laborers in the Bay Area as the economy slowly tries to rebound. At San Francisco’s Day Laborer Agency calls come in as a contractor is looking...
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Sales Of High-End Goods Soar Amid Economic Uncertainty
PALO ALTO (CBS 5) – A recent Wall St. selloff has some traders fearing a double-dip recession. That perception may scare off many would-be shoppers, but not those who can afford luxury goods. High-end...
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ConsumerWatch: More Americans Ditching Cable, Satellite TV
SAN FRANCISCO (CBS 5) – Increasing numbers of Americans are dropping cable and satellite television service, and the weak economy is to blame, according to the Associated Press. People are complaining...
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