Word: californiaisms
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...According to the First American CoreLogic report, the states with the highest percentage of negative-equity borrowers are the usual suspects. After Nevada (55.1%) and Michigan (40%), Arizona (31.8%), Florida (30.3%) and California (29.5%) round out the top five. Those statewide averages, though, mask a lot of local variation. One pattern: exurbs, where homes are newer and loans more likely to have been signed during the bubble years, are harder hit. For instance, in the metro area that includes Los Angeles, 23% of homeowners are faced with negative equity. Fifty miles to the east, in the area that includes Riverside...
...stimulus package has to begin to pay off. As its earliest investments go into helping states and municipalities keep their employees, cuts in place like California have to level off. As money goes into building the energy grid and broadband makes it into the system, job creation in those sectors has to measurably increase...
...time with each other,” adds goalkeeper Laurel McCarthy, who has recorded 10 saves in a backup role thus far.In addition to dining together almost every day, the girls even occasionally have movie nights together. Zdrojewski, Devan Kennifer, Lizzie Abbott, and Shannon Purcell all hail from California, and although the future teammates did not get to know each other back in high school, they and fellow freshman Ita Barton-Kettleborough would finally formally meet one another at a reception on move-in day in September. “We all got along instantly,” says Purcell...
...stimulus package will pour a balm of money into California and it will speak volumes if that does little or nothing to help the state escape from its calamitous circumstances. California has held a place at the head of the national economy since the Great Depression. If that is still true, it should deprive the nation of some of the hope it still has that the recession is reaching bottom...
...China's buying spree has, however, been selective. The United States was conspicuously absent from its global shopping itinerary. The last major Chinese bid to buy a U.S. company ended in diplomatic disaster, when the China National Offshore Oil Corp. or CNOOC offered to buy the California oil company Unocal in 2005, in a deal worth about $18.5 billion, and a backlash in Congress prompted the angry Chinese to withdraw the offer. Unocal was finally sold to Chevron. More recent Chinese investments in the U.S. have also fared badly: Beijing has lost billions in recent months from investments in Morgan...