California International Business Report

California now has more that 1.5 million unemployed nearly a third of whom have lost their jobs in the last year. The State’s unemployment rate jumped to 8.2 percent in October, the highest rate in 14 years. This is the third-highest unemployment rate in the nation after Michigan and Rhode Island, which were [...]

Goldman, Sachs & Co. urged some of its big clients to place investment bets against California bonds this year despite having collected millions of dollars in fees to help the state sell some of those same bonds. According to a report in the Los Angeles Times, the giant investment firm did not inform the [...]

California lost 20,300 jobs in January as employers sliced payrolls while grappling with the slowing national economy and stubborn housing slump, state officials announced last week. The January job figures followed a revised gain of 11,400 jobs in December, the Employment Development Department reported. Revised annual job figures showed the state added only [...]

That’s what is being reported as North Korean Karate team visits L.A.
In a visit already drawing comparisons to the “ping pong diplomacy” between the U.S. and China in the 1970s, a team of North Korean masters of the martial art tae kwon do is expected to arrive in Los Angeles on Thursday for an unprecedented [...]

Paramount Vantage, the Los Angeles distributor of Kite Runner, has decided to delay the release of the film because of concerns over the safety of it’s child actors, and the possibility that it could set off ethnic violence in Afghanistan. As reported in the New York Times:
The boys (actors) and their relatives are now [...]

The L.A. Times has reported that Ali Shakeri, a “much admired” Iranian-American community in Orange County is missing in Iran:
In March, Shakeri told colleagues he was flying to Tehran; his mother was ailing. But when former President Carter spoke at UCI this month, and Shakeri was oddly absent from the event, board members began to [...]

“ACC Capital Holdings, parent company of subprime and nonprime lenders Ameriquest Mortgage Co. and Argent Mortgage Co. LLC, fired an unspecified number of workers today to save money in a contracting market for home loans to people with bad or incomplete credit. The firings will affect workers in all of ACC Capital’s businesses: Ameriquest, [...]

The Sacramento Business Journal reports that the California Rice Commission wants state regulators to put a moratorium on the planting of genetically engineered rice in California:
The commission’s Board of Directors on Wednesday voted in support of a ban on field tests of genetically engineered rice. Biotechnology companies must receive approval from the U.S. Department [...]

“The Northern California World Trade Center is applying to be the local host for the International Visitor Leadership Program (IVLP). The IVLP is a State Department-funded program that brings future foreign leaders to the United States. We are seeking to develop a list of volunteers in the Sacramento region who are interested in promoting citizen [...]