Economic Edge
California's financial crisis has forced many people into homelessness and many people have abandoned their homes. The city of Stockton has one of the highest home foreclosure rates in the country. Forbes recently ranked it the second most miserable city in America.
When the foreclosure crisis hit...
We hear a lot about job creation as a tool for getting people out of poverty. But let’s face it, even if you have a job that pays enough for the rent, food, and a couple movies each month, you may not be accumulating wealth.
According to a recent study by the consulting group Asset Building...
At KALW News, we’ve been documenting the recession through our Economic Edge project. This next piece is actually a success story and it comes from a member of our Street Team of community reporters.
Street Team member Mitzi Mock spoke with Jasmine Ward, who recently opened a home daycare in her...
Recently on Crosscurrents, we ran a story about a homeowner who had been trying to get a loan modification for nine months. He placed a call to his loan servicer, Chase, and it sounded like the modification was on the verge of being approved:
ROBERT DAVIS: Everything that they need, they have. And...
Last year, when people were losing their homes, jobs, or both, and needed to find help, many of them called 2-1-1. It’s a free 24-hour hotline, where operators refer callers to social service agencies in their region.
The hotline saw a 39 percent increase in call volume last year in the...
Job talk ruled the week, as the number of people seeking unemployment assistance nationwide went up 22,000--in the midst of an east coast snowpocalypse that some say is keeping higher numbers from wading out to file claims.
No snow in the Bay Area, but we certainly have unemployment, which has been...
Last year, San Francisco Mayor Gavin Newsom launched a job-creation program using $32 million from the American Recovery and Reinvestment Act. “Jobs Now” offers private companies, non-profits, and city agencies a unique opportunity: hire a new employee, and the city will reimburse you for their...
Last week on Crosscurrents, I reported about a homeowner who had been waiting for about 9 months to get a loan modification from Chase. When I met him, about a week before the story aired, it seemed his modification was on the verge of being approved. A representative of Chase assured him, "Right...
Appearing before a meeting of the nation's governors, President Barack Obama called for a reauthorization and redesign of the federal governments, Elementary and Secondary Education Act, commonly known as the No Child Left Behind Act, enacted during the presidency of George Bush. In an effort...
Another work week in our rollercoaster of an American economy is coming to a close, and it's been a stimulating one! (Yuk, yuk.)
The American Recovery and Reinvestment Act of 2009 (a.k.a. "The Stimulus") turned one year old yesterday, and House Speaker Nancy Pelosi dropped into town to laud...
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