The back-to-back bankruptcy filings of Stockton and San Bernardino, following Vallejo’s insolvency a few years earlier, have sparked finger-pointing about causes and speculation about whether more California cities may go under.
Those on the political right say the bankruptcies resulted from local politicians’ caving in to pressure from unions for higher pay and better pension and health benefits.
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By:
Marc Intermaggio
08/09/12 8:46 PM
It’s high time to correct some of the myths that are perpetrated about commercial real estate, myths that can cause bad public policy.
Myth: Commercial buildings are owned by old fat cats who limo around town stuffing their pin-striped silk suits with gobs of rent money.
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Jerry Brown devoted the first months of his second governorship last year to dickering with Republicans on placing a multibillion-dollar tax increase before voters.The negotiations failed, and eventually Brown turned to an initiative. His tax-hike measure, Proposition 30, will be on the November ballot.During his drive for Republican votes, Brown cited repaying “a wall of debt” as a major justification for a tax increase.
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By:
Steve Falk
08/02/12 7:44 PM
As the Summer Olympics continue with much fanfare in London, San Francisco is preparing for its own world-class sporting event — the 34th America’s Cup. In less than three weeks, the first sailing races will commence on the Bay, ushering in a series of regattas expected to generate nearly 9,000 jobs and more than $1 billion in economic activity across the region over the next year and a half.
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By:
Mayor Ed Lee
07/25/12 8:39 PM
From housing to creating jobs to our parks and playgrounds, I am working with the members of the board to give San Franciscans a real opportunity to shape the future of our city this November.
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By:
Steve Falk
07/18/12 9:32 PM
Earlier this month, the state Legislature passed Senate Bill 1029, authorizing the issuance of $2.7 billion in state bonds to begin construction of the nation’s largest transportation project — California high-speed rail — as well as authorizing an additional $2 billion in bonds to match local and federal funds for related projects.
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By:
Mayor Ed Lee
07/11/12 8:34 PM
San Francisco will be the seventh city in the world to host the America’s Cup sailing competition since the first race around the Isle of Wright in 1852. Last week, the Board of Supervisors gave its unanimous approval for our great city to host the 34th America’s Cup in 2013 and preliminary races in 2012.
The America’s Cup is the oldest trophy in international sport and will be the world’s only major international sporting event in 2013.
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By:
Adrienne J. Tissier
07/10/12 6:02 PM
The passage of Gov. Jerry Brown’s infrastructure initiative for California high-speed rail is an important milestone in bringing modern electric train service to the Bay Area.
The initiative ensures funding for the modernization of Caltrain — a project that is critical to the Bay Area and the state.
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By:
Scott Wiener
07/08/12 4:00 AM
It’s no secret that housing is expensive in San Francisco. Only 11 percent of San Franciscans can afford to purchase the average-priced home. Rents, always high, are even higher these days. It seems like we are perpetually at risk of pricing out our young people, working people, seniors, families and our middle class generally. To address this crisis, we need to think broadly and creatively and make our housing policies more flexible.
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By:
Steve Falk
07/04/12 2:00 PM
Halfway through 2012, things are still looking bright for San Francisco. Key economic indicators, such as employment and commercial real estate, continue on an upward trend. According to a recent survey, Bay Area business executives remain relatively optimistic about the regional economy, and 31 percent of local CEOs say they plan to hire. Even The City’s elected leaders are doing their part to keep the focus on jobs and the economy.
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