Income inequality in the U.S. increased last year for the first time in more than a decade, but childhood poverty was cut almost in half due to expansion of the federal government’s child tax credit and stimulus payments made in response to the COVID-19 pandemic, according to new survey results released Tuesday, Sept. 13, by the U.S. Census Bureau. ... read more »

Gov. Gavin Newsom has appointed Joe Stephenshaw as Director of the California Department of Finance (DOF), filling the position held by Keely Martin Bosler since 2018. ... read more »

Americans have lost trust in the ability of large institutions like the federal government, national media, and large companies – even big banks – to understand or care about their needs.  ... read more »

The WNBA has earned a $75 million capital raise to help further promote the league. The capital raise will be invested in digital innovations, player marketing, and player programming. ... read more »

During the virtual meeting, IRS Commissioner Charles Rettig and Ken Corbin, Wage and Investment Division Commissioner and Chief Taxpayer Experience Officer at the IRS, stressed the importance of filing via the internet and making sure all information submitted is accurate. That way, they said, taxpayers can avoid delays and seamlessly receive their returns into their bank accounts by direct deposit. ... read more »

Caltech is among 16 universities being sued for alleged violations of antitrust laws by colluding to unfairly reduce the amount of financial aid awarded to students, it was announced today. ... read more »

Several restaurants in Orange and San Diego counties and a Los Angeles County company that sells wine-related products are suing Farmers Insurance, alleging the company breached contracts by refusing to compensate them for losses incurred when business was curtailed during the coronavirus. ... read more »

Grammy Award-winning Christian Hip-Hop hop artist Lecrae is on a mission to increase financial literacy among African Americans. Growing up in a “marginalized” community in San Diego, ... read more »

Three days after Thanksgiving, Gov. Gavin Newsom went online to address the new COVID-19 Omicron variant, a version of the virus with at ... , according to the World Health Organization.   ... read more »

Homeless at the age of 19, Cassie Betts has a riveting life story. She shares memories about befriending “questionable characters of the night,” with the tech-savvy inner-city youth she trains in her technology academy Made In South L.A. (MISLA), initially launched from the janitor’s closet of a South Central Los Angeles charter school. ... read more »

California is expected to move into the next fiscal year, which begins July 1, 2022, with a whopping $31 billion surplus, according to estimates from the independent Legislative Analyst’s Office (LAO). ... read more »

South L.A. residents lined up on October 29, at the field office of Councilmember Curren Price, Jr. to apply for the BIG:LEAP - the Basic Income Guaranteed: Los Angeles Economic Assistance Program. The citywide program, which accepts applications until November 7, will provide 3,000 recipients with $1,000 per month for 12 months with no-strings-attached or conditions on how the funds must be spent. ... read more »

Congresswoman Maxine Waters joined Speaker of House of Representatives Nancy Pelosi on August 12 to discuss the advancement of the Child Tax Credit implemented this year. ... read more »

State Treasurer Fiona Ma and Small Business Majority, an advocacy organization founded by and for small business owners, are hosting a webinar to share information about the new entrepreneurship programs included in the California Comeback Plan. It will be held at 1:00 p.m., Wednesday, Aug. 25. ... read more »

Guap Foundation today announced the launch of a campaign to raise funds to invest in underserved minority communities around the country. ... read more »