California took in less revenue than needed to stay within its budget last month, leaving the most- populous U.S. state at risk of triggering automatic cuts to universities and caregivers for the elderly and disabled.
Old photographs adorn the mantelpiece in Lee John Mynhardt’s living room. In one, he’s standing beside his parents and sister. In another, he’s all smiles as he wraps his arms around some college buddies.
Stanford University students won five Rhodes Scholarships, the most in the school’s history, while Harvard, Brown and Princeton each were awarded four as the 32 U.S. recipients of one of the world’s most prestigious academic awards were named today.
Only eight months ago, Bill Lockyer was the envy of California politicians. Undefeated in 39 years as assemblyman, senate leader, attorney general and treasurer, the Democrat won 5.4 million votes in his 2010 re-election, more than any other state official in the U.S.
Paul Ballew , a senior vice president at Nationwide Mutual Insurance Co. in Columbus, Ohio, and Sung Won Sohn , an economics professor at California State University- Channel Islands, said the Federal Reserve’s statement today shows policy makers are focused on job creation.