You know the economy is still in the can when city officials see a $263 million budget deficit as good news.
The latest projections from Mayor Ed Lee’s office show next fiscal year’s budgetary bloodshed won’t be as bad as originally thought. Budget forecasters had originally estimated a $350 million deficit. Read More
San Francisco will host the U.S. Open golf championship in June, but the economic impact of the event may slice south toward San Mateo County.
Peninsula leaders are cheering the United States Golf Association’s decision to house nearly half its staff in Burlingame during the event, allowing San Mateo County cities to bag coveted tourism dollars. Read More
San Francisco will become the first location in the nation to have a minimum wage higher than $10 after the hourly rate increases by 32 cents on Jan. 1.
For charts detailing the yearly rise in minimum wage in San Francisco and its rank atop the numbers of other U.S. cities, click on the photo to the right. Read More
With Italy sinking rapidly into financial chaos, the eurozone's 17 finance ministers scrambled Tuesday to find enough money to give their rescue fund a veneer of credibility and the markets some reason to believe their embattled currency won't break up. Read More
The holiday shopping season got off to a strong start on Black Friday, with retail sales up 7 percent over last year, according to the most recent survey. Now stores just have to keep buyers coming back without the promise of door-buster savings. Read More
Spain's opposition conservatives swept commandingly into power and into the hot seat Sunday as voters enduring a 21.5 percent jobless rate and stagnant economy dumped the Socialists — the third time in as many weeks Europe's debt crisis has claimed a government. Read More
Premier Mario Monti says he's going to Brussels next week to meet with the European Commission and the French and German leaders to map out his strategy for saving Italy from the debt crisis.
Monti announced the trip during a speech Friday to Italy's lower Parliament chamber ahead of a confidence vote for his new government. Read More
Premier Mario Monti formed a new Italian government without a single politician Wednesday, drawing from the ranks of bankers, diplomats and business executives to create a team to steer Italy away from financial disaster. Read More
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A majority of U.S. households have no children living at home. Increasingly, we are a nation of aging adults. It is no accident. For decades, Americans have been getting married later, remaining single longer. Children are more expensive than ever to raise, so they are postponed or dispensed with altogether by newlyweds accustomed to two incomes. Read More