Calif. Faces Up to $10 Billion 2006-07 Shortfall
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California's state government  faces a year-end shortfall of $6.7 billion in its 2005-06 year,  a gap it can close with $3.5 billion in deficit-financing bonds  and with improving revenues, the state legislative analyst's  office said on Wednesday.
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SACRAMENTO, Calif. -- The California Public Employees&#39; Retirement System, the nation&#39;s largest public pension fund, plans to double to $2 billion its hedge fund investment, widely seen as a risky neighborhood of the investment world.
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By Julie Sevrens Lyons, San Jose Mercury News, Calif.  Dec.
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Company stock held within 401(k)s is like a bull in a china shop: A lot of damage can be done in a short amount of time.
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Lots of debt could mean tough times ahead.
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The West Coast Main Line may fill up with passengers within 10 years despite massive investment, a  watchdog warns.
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Business & money: Consumers and small firms are being left short of cash before being reimbursed, reports Lisa Bachelor.
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Mortgage defaults and a "sustained lull" in home building will weigh on California's economy for at least another year but will not tip the state into a recession, according to a forecast released on Wednesday.
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The U.S. government began fiscal  2005 with a budget shortfall, right after posting a record  $412.28 billion budget gap for all of the 2004 budget year, a  report on Wednesday showed.
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Why this familiar financial rule-of-thumb falls very, very short.
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HSBC Holdings said its charge for bad debts would be more than $10.5 billion for 2006 because of problems in its mortgage portfolio.
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For some prospective home buyers in Southern California, the effect of the U.S. mortgage crisis has been to keep them on the sidelines of the home market, wary of stepping in for fear prices will fall further.
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The U.S. government agency that insures corporate pensions will run out of money in 2020 if current financial conditions persist, imperiling the checks of millions of retirees, a new independent study shows.
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2007 marked one of the worst years for financial stocks in recent memory.
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A few miscalculations can wreck a lifetime of saving and investing.
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The scale-backs are a consequence of technological shifts and economic hardship in the California film industry.
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California&#39;s economy will grow at a modest pace this year in an uneven recovery that will chip away at an unemployment rate projected to remain higher than the national average, according to a closely watched economic forecast