http://www.CALTRADE.com/news An exploration of California's place in the world Wed, 07 Jan 2009 20:45:46 +0000 http://backend.userland.com/rss092 en As reported in the San Francisco Chronicle, the retail industry in California is in for some very difficult times: After years of aggressive expansion fueled by easy debt and plastic-wielding customers, the industry is in for a major correction in 2009, analysts predict. The shift could recast much of the Bay ... http://www.CALTRADE.com/news/california/california-economy/severe-retail-downturn-forecast-for-2009/ The University of California, San Francisco has won a $7.5 million grant from the Bill & Melinda Gates Foundation to help address the shortage of health-care workers in Tanzania, in East Africa. As reported in San Francisco Business Times, The two-year grant will support a collaboration between UCSF ... http://www.CALTRADE.com/news/industries/education-and-training/ucsf-wins-grant-to-address-health-worker-shortage-in-tanzania/ The Federal Reserve Bank of San Francisco has named T. Gary Rogers as new chairman and Doug Shorenstein was named deputy chairman. Rogers is chairman of Levi Strauss & Co. and is the immediate past chairman of Dreyer’s Grand Ice Cream Inc. Rogers also sits on the boards ... http://www.CALTRADE.com/news/industries/banking-and-financial-services/san-francisco-federal-reserve-names-new-chairman-and-deputy/ As the California economy continues to deteriorate, low- and middle-income Californians are finding it increasingly difficult to make ends meet, according to a report released Monday by the nonpartisan California Budget Project. They are turning to public programs in growing numbers -- at a time when state policymakers have ... http://www.CALTRADE.com/news/california/california-economy/more-californians-asking-for-public-assistance/ As reported in New American Media, San Francisco-based AsiaWeek has stopped publication after nearly three decades of service. AsianWeek is just the latest in a string of Asian-American media closures, including KQED’s Pacific Time, AZN Television, and the San Jose Mercury News’ Vietnamese-language supplement Viet Mercury. While most cities have ... http://www.CALTRADE.com/news/industries/media-and-entertainment/asiaweek-to-cease-publication/ The UCLA Anderson Forecast, an economic think tank, has issues a bleak forecast for the California economy. The only consolation, the Anderson Forecast is often wrong, but if they are right this time there could be some very difficult times ahead - as the forecast says: "There are no ... http://www.CALTRADE.com/news/california/california-economy/dismal-forecast-for-californias-economy/ 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 ... http://www.CALTRADE.com/news/uncategorized/15-million-californians-out-of-work/ California and Bay Area Officials have announced plans for a $1 billion network of electric car recharging stations for the San Francisco Bay area highways with a goal of greatly expand the number of electric vehicles on the road. A private company - Palo Alto-based "Better Place" along with ... http://www.CALTRADE.com/news/california/california-government/california-announces-electric-car-network-partnership/ CalPERS has sold 80 private equity partnerships with a net asset value of $2.1 billion on the secondary markets, according to a report in Pensions and Investments Leon G. Shahinian, senior investment officer, alternative investment management group, said in an interview that the $189.9 billion California Public Employees’ Retirement System, Sacramento, ... http://www.CALTRADE.com/news/california/california-government/calpers-cuts-80-private-equity-funds/ San Francisco-based Wells Fargo is now the nation’s largest bank in terms of value, with a market cap of $75.9 billion. In recent New York Stock Exchange trading, Wells moved ahead of J.P. Morgan Chase, which is now worth $75 billion. As reported in Bloomberg News, the San ... http://www.CALTRADE.com/news/industries/banking-and-financial-services/wells-fargo-now-the-nations-largest-bank/