Cost climbs by $2.8 billion for California bullet train

SACRAMENTO, Calif. (AP) — The estimated cost for the first phase of California’s bullet train climbed by 35 percent on Tuesday to $10.6 billion, the latest increase for the ambitious project to run a high-speed rail line from San Francisco to Los Angeles. The $2.8 billion price hike for a 119-mile (191-kilometer) segment in the […]

California looks for ways around federal tax changes

SACRAMENTO, Calif. (AP) — Democratic California lawmakers are exploring ways to blunt the impact of the new federal tax law on the state’s taxpayers. Federal law has long allowed people to deduct their state and local taxes from their federal tax bill, but the tax overhaul signed last month by President Donald Trump caps that […]

Federal Trade Commission Urges Wire Fraud Victims to Apply for Restitution

(CBM) – We’ve all seen those emails from Nigerian businessmen who promise millions of dollars in exchange for the use of your bank account to free up money trapped in American banks. However, the issue of wire fee fraud is a serious problem, and up until recently, there was little recourse for people who lost […]

California may limit liability of self-driving carmakers

SAN FRANCISCO (AP) — California regulators are embracing a General Motors recommendation that would help makers of self-driving cars avoid paying for accidents and other trouble, raising concerns that the proposal will put an unfair burden on vehicle owners. If adopted, the regulations drafted by the California Department of Motor Vehicles would protect these carmakers […]

Gas Tax & Vehicle Fees Bump May Benefit State’s Black Business Owners (VIDEO)

(CBM) – A looming hike on the price of gasoline and new vehicle registration fees that will pay for improving the Golden State’s crumbling roadways will send millions of dollars of infrastructure work to minority and women-owned agencies and firms. State Senator Steve Bradford, a Los Angeles-area legislator, said in an Aug. 17 interview with […]

Black Businesses Received Small Percent of Contracting Dollars from Big Utility Firms in 2016

(CBM) – Business the Golden State’s largest utility enterprises did with African-American-owned firms last year fell behind in contracting the companies did with most other diverse or minority-owned businesses, according to a report by The Greenlining Institute. The Oakland-based racial and economic justice organization’s 2017 Supplier Diversity Report Card revealed that of the $6.2 billion […]

New study reveals growing spending power, influence of Black women

(NNPA) – A new report detailing the record-setting spending power of African American women has further buoyed the confidence of Black female entrepreneurs, who said the information proves their undeniable value to the United States and the global economy. The report titled, “African-American Women: Our Science, Her Magic,” was released by Nielsen during the Congressional […]

What You Should Know About The Community Reinvestment Act

(NNPA) – Since it was passed in 1977, the Community Reinvestment Act (CRA) has enabled thousands of low- and moderate-income families—many in minority communities—to become homeowners. In the current political climate, however, many observers, who have played a role in monitoring how effectively the CRA is enforced, wonder whether it will continue to offer broad […]

Equifax Data Breach Leaves at least 143 Million Consumers at Risk

(NNPA) – Record-breaking, back-to-back hurricanes in Houston and Florida brought unprecedented winds and rains affecting millions of Americans. Yet another storm just as brutal, but financial in nature, is raging and affects at least 143 million Americans: that’s the Equifax data breach that took place from mid-May to July of this year. On July 29, […]

Arden Fair Aims to Hire More than 100 New Employees at Holiday Job Fair

SACRAMENTO – Arden Fair will be hosting a job fair Wednesday, September 20 from 7 a.m. – 10 a.m. for many different holiday positions throughout the mall. Applicants are encouraged to come prepared with their resumes. The job fair will be held at Arden Mall Center Court (1689 Arden Way). More than 25 retailers will […]