Economy

Six arrested protesting bank foreclosures during Occupy SF

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Six activists protesting bank foreclosures were arrested after occupying Chase bank on Market Street in downtown San Francisco this afternoon (Thurs/29) as part of a broader action organized to mirror the Occupy Wall Street protests in New York City.Read more »

Occupy Wall Street comes to SF: VIDEO

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Guardian City Editor Steven T. Jones is out in the streets this afternoon (9/29) covering the Occupy Wall Street protests that were brought to San Francisco by a coalition of labor and economic justice advocates, and inspired by ongoing demonstrations in New York City. Mayoral candidate Sup. John Avalos was spotted mixing with demonstrators as they flew signs calling for taxes on the rich.Read more »

Occupy Wall Street comes to SF

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View our full coverage of the OccupySF movement here.

As the Occupy Wall Street demonstration enters its 12th day in New York City – and as progressive activists protest in cities across the country – Bay Area residents are preparing for a mass mobilization on the streets of San Francisco tomorrow afternoon (Thurs/29), targeting financial institutions and other entities that they blame for the economic plight of the average American.Read more »

Editor's notes

Is Obama's tax on the rich too little, too late?

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tredmond@sfbg.com

So the people who advise President Obama have finally figured out that he was on the road to becoming a one-term president — and the United States was on the road to ruin under President Perry. Whatever combination of self-preservation and fear was at work, it worked, at least for the moment.Read more »

SF's foreclosure crisis

Banks bill the city for $115 million to foreclose on its residents

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EDITORIAL Here's a great issue for the San Francisco mayor's race: The big banks that the city uses to hold nearly half a billion in cash deposits are part of a group of financial institutions that are costing the taxpayers $115 million.Read more »

"Greed is an issue we've got to deal with"

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As President Barack Obama and other top Democrats cravenly negotiate a surrender to Republican extortion and class warfare on behalf of the greedy rich, Sen. Bernie Sanders (I-Vermont) took to the floor of the U.S. Senate to give a full-throated denunciation of the effort and the “war being waged by some of the wealthiest and most powerful people in this country against the working families of the United States of America.”

It's an extraordinary speech that everyone should watch:

Read more »

Tax cuts, unemployment and the deficit

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Fifty-five thousand people a day are losing their unemployment insurance because Congress won't extend benefits. Why? Well, gee, any federal spending will increase the deficit -- and like Herbert Hoover, everyone in Washington is talking about cutting deficits.Read more »

Workers rally against Newsom's layoff scheme

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By Jobert Poblete

Dozens of workers at San Francisco General Hospital rallied March 25 to protest layoffs there and throughout the city as ordered by Mayor Gavin Newsom. More than 17,000 city workers received layoff notices in the last few weeks, including hundreds at the hospital. The protest was organized by SEIU Local 1021, which represents around 12,000 city employees, 9,000 of whom have received pink slips. 

Many of these workers are expected to be re-hired as part-time employees, working 37.5 hours a week or less. The move is expected to shave $50 million from a more than $500 million budget deficit. The Mayor’s Office is calling this a “reorganization” that will minimize the impact on services and maintain employment. But the plan, which was proposed by Newsom last month without first consulting with the city’s unions, has met fierce resistance from employees and their labor representatives and is now the subject of negotiations between the mayor and 41 city employee unions. Read more »

Newsom's Orwellian doublespeak on city layoffs

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One of the things that irritates people most about Mayor Gavin Newsom is his Orwellian doublespeak, in which he makes claims that conflict with his actions, and that was on vivid display with his recent decision to lay off 15,000 city workers and then hire most of them back for shorter workweeks.Read more »

Protests demand more money for education

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Images from yesterday's protests by Charles Russo

Yesterday’s Day of Action to protest deep cuts in public education and other vital services was far larger – and occasionally more militant – than many had expected, sending a strong message to Sacramento that it’s time to pursue new revenue options instead of simply cutting the public sector to the bone.Read more »