U.S. News

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San Jose residents push for developer fee to fund affordable housing

Over 160 people packed a hall at Sacred Heart Community Services to press city council members, Madison Nguyen and Sam Liccardo, to support imposing a fee on developers to fund affordable housing. 

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Obama picks full-employment advocate Yellen to head Federal Reserve

President Obama has nominated Janet Yellen, Federal Reserve vice chair, to run the Federal Reserve, the most important central bank in the world.

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Co-op banks to invest in worker-owned U.S. businesses

The world's largest industrial, worker-owned and run cooperative, Spanish-based Mondragon and its bank, Laboral Kutxa, agreed to partner with U.S. based National Cooperative Bank to invest in U.S. cooperative businesses.

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Richmond takes a daring step for homeowners

After a tumultuous meeting drawing hundreds of residents, the Richmond City Council voted to continue exploring a plan to rescue underwater mortgages by using the power of eminent domain.

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Detroit bankruptcy coming to your city next, leaders warn

Detroit is the canary in the coalmine, warned speakers at a public forum on the city's bankruptcy, held this past Saturday, sponsored by Congressman John Conyers Jr.

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Sequester sends San Jose, Calif., rents through roof

Some 17,000 tenants on the Federal Section 8 housing program in Santa Clara County recently received rent hikes of 10 percent or more. The area has very nearly the highest housing cost of any place in the country.

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"Jury" to Bank of America: "You're guilty"

The willful wrongdoings of Bank of America were "put on trial" this week. The jury was composed of 200 housing and labor activists and the witnesses against BoA were actors playing parts. But the testimony was real.

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Booming Silicon Valley economy hides rising social inequality

While fueling a new source of profits for Wall Street, working families are not enjoying the benefits of California's Silicon Valley economic resurgence.

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Court strikes down anti-immigrant housing law in Texas

Beginning in 2006, the city of Farmers Branch, Texas, passed a series of housing ordinances designed to prevent undocumented immigrants from being able to rent apartments or homes.

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Massive twister ravages Oklahoma town

The people of Moore cannot be expected to merely pick up where they left off; rebuilding and recovering will cost money that few of them are likely to have in this largely working-class community.

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