CALIFORNIA

California sees big costs to renewable power plan

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California on Friday forecast high costs for the most ambitious clean energy plan in the nation, including a 28 percent rise in electricity rates and $115 billion in construction if the state wants to get a third of its electricity from renewable sources by 2020.
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May U.S. foreclosures third highest on record

U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
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May U.S. foreclosures 3rd highest on record

U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
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May U.S. foreclosures 3rd highest on month on record

U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
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California nears financial meltdown as revenues tumble

California's government risks a financial meltdown within 50 days in light of its weakening May revenues unless Governor Arnold Schwarzenegger and lawmakers quickly plug a $24.3 billion budget gap, the state's controller said on Wednesday.
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California risks financial ‘meltdown’

California states controller on Wednesday warned the state faced the risk of a financial meltdown within 50 days following a sharp decline in May revenues unless Governor Arnold Schwarzenegger and lawmakers quickly plug a $24.3 billion budget gap.
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Carrie Prejean loses Miss California title

Controversial pageant queen Carrie Prejean is being stripped of her California 2009 title, not because of her racy photos or personal beliefs, but due to breach of contract, according to a statement from the Miss California USA organization.
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Kiva to offer micro loans to US entrepreneurs

As the financial crisis continues to dampen the global economy, a popular online microlender to third world countries, Kiva.org, has now begun to offer loans to low-income entrepreneurs in the U.S.
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Greens plan to stop Chevron's California project: lawyer

Opponents of a new hydrogen plant under construction at Chevron Corp's San Francisco Bay-area refinery in Richmond, California, plan to ask a California judge to stop the project because of a flawed environmental impact report, an attorney said Tuesday.
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Web 2.0 crowned one millionth English word

A U.S.-based language monitoring group crowned Web 2.0 as the one millionth word or phrase in the English language on Wednesday, although other linguists slammed it as nonsense and a stunt.
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Defense deals to grow, but more niche than mega

As the economic crisis squeezes U.S. government budgets and priorities shift beyond defense, the world's top defense contractors will likely turn to acquisitions to ensure they can keep growing.
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U.S. bankruptcies highest since 2005

U.S. bankruptcy filings rose in the first quarter to the highest since 2005, government data show, as rising unemployment, falling housing prices and tight credit made it harder for people to hold off their creditors.
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NY sees clean energy creating up to 50,000 jobs

New York could create as many as 50,000 jobs by converting 45 percent of its electricity needs to renewable energy sources by 2015, Governor David Paterson said on Monday as he unveiled plans to reduce the state's reliance on Wall Street.

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