The Daily Outrage: Depleting insurance funds

WHO: California’s unemployment insurance fund

WHAT: The state fund is facing a deficit of $1.6 billion by the end of 2009, forcing it to borrow from the federal government for only the second time since it was first established in the 1930s.

WHY IT’S HAPPENING: State lawmakers in 2001 raised weekly benefits to a maximum of $450, but did not raise the employer taxes that fund the program.

WHY IT’S A BAD IDEA: With state unemployment rates at a 12-year high, the fund paid out almost $662 million in July alone and already has a large backlog of applications and appeals. The deficit could reach
$3.5 billion by the end of 2010.

Caltrain seeks $260 million to complete electrification

State budget surplus eyed to finish transformative rail project

Future of the Castro Theatre? Depends where you sit

Historical preservation and cinephile experience up against live-event upgrades

Savoring the Warriors’ remarkable run: Five lessons learned

Every postseason tells a different story. This one might be a fairy tale