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Chrysler in the seventies, the S&L's in the eighties and now Freddie, Fannie and possibly the Big Three and American Airlines. I'm speaking of bailouts. The excuse? They're too big to be allowed to fail. What about letting them fail and allowing those interested in rebuilding the markets in...
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Comments [11] - Views [72]
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For a long time now, gas prices have soared to ridiculous levels with no relief in sight. We were told that there was no help for it due to the high price of oil. Still, oil companies and investors reported record profits, and the Bush administration shrugged its collective shoulders...
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Comments [8] - Views [46]
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Well, it happened. Fannie and Freddie are now, for all intents and purposes, under the control of the government who has pledged unlimited backing of bad loans held by the two corporations. In the beginning it was said the cost of the bailout to the taxpayer would be in the neighborhood of 100...
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Comments [24] - Views [109]
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Fannie Mae and Freddie Mac. The two largest mortgage holding corporations in America holding over three TRILLION dollars in mortgages are nothing more than crooks. Everyone knows it. So where is the call to arms by the masses and the congress? Where are the senate hearings and investigations by...
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Comments [23] - Views [126]
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Fannie Mae and Freddie Mac. The two largest mortgage holding corporations in America holding over three TRILLION dollars in mortgages are nothing more than crooks. Everyone knows it. So where is the call to arms by the masses and the congress? Where are the senate hearings and investigations by...
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Comments [1] - Views [20]
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An apparent decline in California's pre-foreclosure activity ... something seen even in Kern ... could be an illusion, one foreclosure firm reports.
Bank of America's takeover of Countrywide could have created July's drop in default notices, ForeclosureRadar says.
That's because...
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Comments [4] - Views [142]
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It looks like work on the Gateway to East Hills Mall is now complete.
Those of you who regularly pass by the northeast corner of Mount Vernon Avenue and Bernard Street have likely seen the construction under way for the past month or so.
The Rite-Aid, which has a drive-through pharmacy, has...
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Comments [2] - Views [110]
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Our latest map for homes that sold in Bakersfield from June 9 to 15 is ready for a peek.
There’s no need to grab a map to find Leaf Valley and Pine Canyon drives because we’ve done the work for you.
We regularly publish single-family home sale transactions that occurred between...
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Comments [9] - Views [105]
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One staffer said he spotted gas for about $4.07 a gallon at the corner of California Avenue and Oak Street this morning.
He also said gas has hovered around $4.07 a gallon in Frazier Park for the past few days, too.
Have you spotted some gas deals? Where are they?
One of our reporters is...
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Comments [6] - Views [107]
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Do you know what Bill Shipp, the man on the left, accomplished?
Read abou his achievements in business and those of many others living and working in Kern County in this week's People in Business column.
Then send your submission!
People in Business announces new hires, promotions, awards,...
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Comments [0] - Views [42]
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Need to get to a credit union on the Westside?
Kern Schools Federal Credit Union's newest location, an Express Branch, opened today in Taft. It's at 1056 W. Kern St., in the Albertsons Shopping Center.
The office is open 10 a.m. to 6 p.m. Monday through Friday. An ATM offers service 24...
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Comments [0] - Views [48]
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Here's a "raw report" press release from the Greater Bakersfield Chamber of Commerce:
Chamber hosts Congressman Kevin McCarthy for A Report from Washington
On Monday, Aug. 11, the Greater Bakersfield Chamber of Commerce, in conjunction with the...
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Comments [0] - Views [22]
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PartyWorks, the stor at 4440 N. Ming Ave. that says it's "closing forever," is boasting sales of up to 90 percent off original prices.
As we've previously reported, the store, next to Food Maxx, is closing after 15 years in business.
Last day: Aug. 10.
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Comments [0] - Views [26]
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Just when you think maybe you've figured out how to save on gas ... maybe your methods don't really work, or worse yet, damage your car.
SmartMoney.com busts some of the ideas in a piece called "4 gas-saving deals that rarely pay off."
Here's another good one: "Top 5 cheap ways...
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Comments [7] - Views [82]
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Here's a report from John Cox:
A Los Angeles movie theater developer hosted a ceremonial groundbreaking Tuesday on a 16-screen cinemaplex that Bakersfield officials hope will become the centerpiece of a new downtown entertainment district.
Aided by the city’s donation of land valued at...
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Comments [56] - Views [646]
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Our latest map for homes that sold in Bakersfield from June 1 to 8 is ready for a peek.
We regularly publish single-family home sale transactions that occurred between individuals as well as foreclosures.
Check out what homes are going for, color-coded by price, with information from First...
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Comments [0] - Views [41]
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Do you know what Joe Jimenez accomplished?
Take a look at what he and many other Kern County men and women in business have done in this week's People in Business column.
People in Business announces new hires, promotions, awards, professional achievements and other business “people...
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Comments [0] - Views [50]
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There are probably more, but so far we've found three significant land sales by developers fetching them roughly 21 to 30 cents on the dollar compared to what they shelled out during the boom.
The most recent are two southwest tracts sold last month by Ennis Homes and a northeast parcel sold by...
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Comments [4] - Views [172]
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Apparently, Bakersfield is No. 9 in the Top 30 Midsize Cities for Doing Business, according to Inc. Magazine.
After looking around some more, I saw that the city also ranked No. 38 in Overall Top Cities for Doing Business, just below Ogden-Clearfield, Utah and above Panama City-Lynn Haven,...
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Comments [1] - Views [56]
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Do you know what Catherine Pickering accomplished?
Read all about what she and many other Kern County men and women in business have done in this week's column.
People in Business announces new hires, promotions, awards, professional achievements and other business “people news”...
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Comments [0] - Views [26]
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Our latest home sales map is ready for a peek. Check it out here. The map is updated with homes that sold in Bakersfield May 26 to 31, color-coded by sales price.
We regularly publish single-family home sale transactions that occurred between individuals. Since foreclosures, or bank-owned...
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Comments [0] - Views [74]
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Do you know what Duane Henning, the man on the left, accomplished?
Read about what he and several other people in business have done — their promotions, their awards and their professional designations — in this week's People in Business column.
Would you like to be in next week's?...
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Comments [0] - Views [45]
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News from reporter Courtenay Edelhart:
After 15 years, party supply store PartyWorks is going out of business.
Owner Rob Fox said the store lost its lease, and “the economy is just too unpredictable to move the store to another location.”
The store is best known for transforming...
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Comments [0] - Views [124]
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Our latest home sales map is ready for a peek.
The map is updated with homes that sold in Bakersfield May 19 to 25, color-coded by sales price.
We regularly publish single-family home sale transactions that occurred between individuals. Since foreclosures, or bank-owned properties, now account...
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Comments [0] - Views [54]
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It appears Gottschalks has completed its main store transition at East Hills Mall. Read about all the changes in John Cox's story from late May.
This weekend, the spot at the east end of the mall was a fully operational department store. It has an open and airy feel, and a pretty big shoe...
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Comments [0] - Views [85]
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Do you know what the man to the left accomplished?
People in Business is the place to announce promotions, awards and other good work among professional in our community. Check out this week's list here.
People in Business is the place to announce professional achievements. Want to be in next...
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Comments [0] - Views [39]
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Today's news: Delta Air Lines will be pulling out of Bakersfield, taking away direct flights to Salt Lake City from Meadows Field. The service will end Sept. 1.
Read all about it here.
But that's not all — John Cox found out that prices on other flights out of Bakersfield could go up...
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Comments [13] - Views [299]
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Our latest home sales map is ready for a peek. Check it out here.
The map is updated with homes that sold in Bakersfield May 12 to 18, color-coded by sales price.
We regularly publish single-family home sale transactions that occurred between individuals. Since foreclosures, or bank-owned...
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Comments [0] - Views [41]
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Do you know what the woman to the left accomplished?
Read about her and many other people who are making a difference in business in Kern County.
People in Business is the place to announce professional achievements. Want to be in next week's list? It's best to submit to...
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Comments [0] - Views [71]
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A few news organizations around the country have reported on a renewed interest in yard sales among people looking to make some quick cash — or to buy some basics without breaking the bank.
The stories tell of people hard-pressed for funds, especially in the wake of high gas prices.
I...
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Comments [2] - Views [79]
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Here's a "raw report" press release from the Greater Bakersfield Chamber of Commerce:
REMINDER! The deadline for submitting Leadership Bakersfield applications is Friday, June 27 at 5:00 p.m. Staff will be on-hand until the cut-off time, so please be sure to deliver your...
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Comments [0] - Views [13]
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With gas prices soaring and rising food costs, brides are having to find ways to scale back their dream weddings to meet a budget.
Eva Soto managed to save $4,000 on her wedding by using artificial flowers, making her own veil and crafting her own centerpieces.
"With all the money used...
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Comments [5] - Views [81]
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Our latest home sales map is ready for a peek. Check it out here.
The map is updated with homes that sold in Bakersfield May 4 to 11, color-coded by sales price.
We regularly publish single-family home sale transactions that occurred between individuals. Since foreclosures, or bank-owned...
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Comments [4] - Views [66]
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One of the news staffers rented a movie at Blockbuster over the weekend and found out the current prices were $2 a day for a new release and $1 for an older title.
He let us know, and reporter Courtenay Edelhart checked it out with the company. Turns out Bakersfield is a test market for this...
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Comments [20] - Views [216]
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The Greater Bakersfield Chamber of Commerce is holding "Stars and Stripes 2008," a business after hours trade show mixer on Tuesday.
It's from 5:30 to 8 p.m. Tuesday at the Holiday Inn Select, 801 Truxtun Ave.
About 50 businesses will be there, plus there will be prizes and food.
...
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Comments [1] - Views [39]
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Kern County’s unemployment rate has gone up over this time last year, according to data released by the state’s Employment Development Department on Friday.
Kern unemployment rate slipped slightly to 9.5 percent in May, down from a revised 9.7 percent in April but above an estimated...
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Comments [9] - Views [75]
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Do you know what the man to the left accomplished?
Read what he did in this week's People in Business column.
People in Business is the place to announce professional achievements. Want to be in next week's list? It's best to submit to www.bakersfield.com/youwords.
You can also mail...
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Comments [0] - Views [27]
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What's important? Maintaining open space? Having enough water? Plenty of affordable housing?
The Kern Council of Governments is putting on a Kern Regional Blueprint Summit to gather answers to those questions. Leaders there have invited all county supervisors, and councilmembers from throughout...
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Comments [1] - Views [28]
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The IRS believes more than 14,000 Kern County residents, especially retirees and disabled veterans, haven't filed for an economic stimulus payment to which they are entitled, according to an IRS press release issued today.
The IRS plans, later this summer, to send those folks a letter explaining...
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Comments [0] - Views [28]
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Feeling richer?
According to data out today, the personal income of people in the U.S. grew 1.1 percent in the first quarter of 2008 over the previous quarter. That's from the Bureau of Economic Analysis.
The bureau offers a neat little chart about all the states.
It's good to be in North...
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Comments [1] - Views [27]
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Bakersfield bicycle shop Action Sports was named to a bicycle trade magazine’s annual “Top 100 Retailer” list of specialty bike sellers.
“Bicycle Retailer and Industry News” hired Boulder Sports Research Inc. to survey sales representatives for seven bicycle...
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Comments [0] - Views [35]
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I was just reading a story from one of our news services that offered tips for throwing nice, yet reasonably priced birthday parties for children.
It pitched advice you've probably heard before — hold a party at home, pick a simple activity to keep children busy like staging a play with...
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Comments [27] - Views [160]
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From the Washington Post:
Ask Americans how the economy is doing, and their answer is stark: It is not just bad, it is run-for-the-hills terrible. Consumer confidence is at its lowest level in almost 30 years. Only 12 percent of Americans think the economy is in good shape. On the Internet,...
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Comments [5] - Views [55]
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Homeowners can learn about options after falling behind on house payments at a free foreclosure prevention workshop.
It will be held from 6 to 7:30 p.m. June 26 at the Kern Schools Federal Credit Union Administration Building, 9500 Ming Ave., just west of the Marketplace.
Consumer Credit...
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Comments [0] - Views [10]
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The Sequoia Sandwich Co., a Bakersfield-based chain of delis, is opening a fourth location this month in the Clovis Commons Shopping Center in Fresno County as part of the company’s long-term growth plans in the Central Valley.
The new store, to open June 25, is company-owned.
“We...
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Comments [0] - Views [30]
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Congressman Kevin McCarthy, R-Bakersfield, rang the opening bell at NASDAQ today.
McCarthy is on the House Financial Services Committee, which oversees capital markets and financial institutions.
He is on a one-day trip to New York to "make Wall Street more aware of housing and energy...
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Comments [1] - Views [19]
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Our latest home sales maps are ready for a peek. You'll find our April map here, and also a map for the first part of May.
These maps are updated with homes that sold in Bakersfield April 28 to May 4, color-coded by sales price. Since there is data for April and May, you’ll find the...
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Comments [0] - Views [29]
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Are you putting off a computer purchase because you're using every bit of your money for the basics, like rent/ mortgage, food and gas?
Reporter Courtenay Edelhart has found that to be true after talking to folks at several computer stores. Read her story here.
Some people who want more memory...
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Comments [2] - Views [66]
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Do you know what the woman to the left accomplished?
Read all about her achievements, and those of many others, in this week's People in Business column.
People in Business is the place to announce professional achievements. Want to be in next week's list? It's best to submit to...
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Comments [0] - Views [17]
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In honor of Father's Day, we share this online survey from U.S News & World Report found by one of our staffers.
It's a quick seven questions meant to make you think about this big choice.
Here it is!
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