It’s official: The gap between the Bay Area’s haves and have-nots is wider than anywhere else in the state. Top income earners in the Bay Area make 12.2 times as much as those at the bottom of the economic ladder, according to new research from the Public Policy Institute of...
Walters: ‘California for All’ vs. Daunting Reality
Gov. Gavin Newsom’s website is topped by his official slogan, “California for All.” “The California Dream — the idea that every person can achieve a better life, regardless of where they start out — is central to who we are as Californians,” it declares. “Even in a time of economic growth...
Gender Gap Opens Among Hispanics Who Could Be Key in 2020
COLORADO SPRINGS, Colo. — Yolanda Avila and Andres Pico are friends who sit next to each other on the Colorado Springs' city council. But politically the two couldn't be further apart — Avila is a durable Democrat and Pico an unflinching Republican. It's a split that's common across the country,...
Pending Home Sales Reached a 21-Month High in September
WASHINGTON — More Americans signed contracts to buy homes in September, a sign that the housing market is still benefiting from lower mortgage rates. The National Association of Realtors said Tuesday that its pending home sales index rose 1.5% from August to September to 108.7, its highest level since December...
Walters: California’s Two-Tier Society
Thirty-four years ago, two researchers delved into California’s rapidly changing demographic and economic trends and saw “an emerging two-tier economy with Asians and better-educated non-Hispanic whites and blacks competing for the prestigious occupations while poorly educated Hispanics and blacks scramble for the lower status jobs …” The study, titled “Population...
In a Blow to Trump, America’s Trade Deficit Hit Record $891 Billion
By Jim Tankersley and Ana Swanson WASHINGTON — America’s trade deficit with the rest of the world rose to its highest level in history last year as the United States imported more goods than ever, including a record amount from China, ballooning the deficit to $891.3 billion and delivering a setback...