Great recession – Page 2 – California Globe

California’s Unemployment Department Overburdened by Unprecedented Number of Claims

April 6, 2020 5:56 pmApril 12, 2020 9:16 am

California’s Employment Development Department (EDD), the agency in charge of unemployment claims and insurance in the state, has found itself severely strained for almost a month as it rushes to meet almost 2 million claims filed in three weeks. Almost...

Taxes at a Standstill: How the Coronavirus Can Halt Ballot Initiatives in the Coming Years

March 28, 2020 5:28 pm

As the COVID-19 coronavirus continues to keep people home and put the economy into a lull, the combined health and economic factors have made everyone from state officials to local activists worried about voters passing new taxes, bonds, and propositions...

California’s Credit Rating Moves Up, Signaling Further Economic Stability And Growth

October 17, 2019 2:34 amOctober 17, 2019 10:31 am

According to Moody’s Investors Service, California’s credit rating has moved up for the first time in five years. The “general obligation bond” rating went from a Aa3 rating to a Aa2 rating, finally moving California ahead of several states to their...