Stephen Levy News
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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.
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A surge in wealth from technology stock sales and initial public offerings is spilling into the Silicon Valley real estate market as newly rich workers bid up home values in suburban cities south of San Francisco.
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When California Lieutenant Governor Gavin Newsom begins meetings in Austin with Hardee’s hamburgers chief Andrew Puzder, local Chamber of Commerce Chairman Bobby Jenkins and Texas Governor Rick Perry , it’s because the most- populous state lingers in a funk, even as the U.S. pulls out of the deepest recession in half a century.
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California , facing $28 billion in deficits, may see its congressional clout wane as slowing population growth deprives it of a new seat in the U.S. House of Representatives for the first time in its 160-year history.
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Rebounding technology stocks and limited housing supply are lifting San Francisco real estate as buyers compete for properties and drive up prices.
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The next governor of the most populous U.S. state may be handed a gift that’s hard to see from the capitol in Sacramento: the economy.
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California, Texas, Florida and New York, the four biggest states, all added jobs last month for the first time since May as the U.S. economic recovery stoked demand for labor.
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