California’s Credit Rating May Be Cut by Moody’s (Update3) - Bloomberg
June 19 (Bloomberg) — California’s credit rating, already the lowest among U.S. states, may be cut several levels by Moody’s Investors Service as government leaders seek ways to eliminate a $24 billion budget deficit. The move would affect $72 read more..
SAN FRANCISCO, June 19 (Reuters) - California, which is struggling to close a $24.3 billion budget gap, faces the prospect of a “multi-notch” downgrade in its credit rating if the state’s legislature fails to act quickly to produce a budget, Moody’s read more..
California’s unemployment rate surged to its highest level on record last month, rising to 11.5 percent as 69,000 jobs across the state vanished, official figures showed Friday. The California Employment Development Department figures showed a 0.4 read more..
SAN DIEGO (AP) — The San Diego Zoo says a rare California condor chick has hatched on a rocky cliff in Baja California. The zoo announced the hatching Thursday. It’s only the second time a condor chick has hatched in Mexico since the zoo read more..
LOS ANGELES - (Business Wire) Growing job losses from the recession are projected to cause under-employment rates of 18 percent in Los Angeles County and 17 percent in California according to the Ebbing Tides in the Golden State report released today read more..
WASHINGTON, June 19 (UPI) — The unemployment rate in California hit its highest level in more than 30 years, the U.S. Labor Department said Friday. In May, as the national unemployment rate reached 9.4 percent, California’s unemployment rate hit 11 read more..
