Business

The financial crisis: a summary

By KRISTINE WONG In recent months, Americans have seen their financial credit system crumble. According to U.C. Berkeley economist Martha Olney, the root cause of this crisis was the millions of subprime mortgages that went into default over the past few years, when monthly payments rose to unaffordable levels. This resulted in a glut of homes on the market, which decreased housing values. Decreased housing values created a crisis of epidemic proportions, as those who had borrowed against the value of…

“Green collar” rally calls for enviro-helping jobs

by KRISTINE WONG  Sep. 27 — Most Saturdays, Mosswood Park is filled with a lively mixture of families, dog walkers, and weekend soccer warriors. Today, a different group of voices rang out from the park’s center stage – those of environmentalists, builders, and students who rallied for new jobs to improve both the economy and the environment.  The rally, sponsored by the Oakland-based Ella Baker Center for Human Rights, featured remarks by Alameda County Supervisor Keith Carson, Oakland City Council…

County’s food bank now needs virtual food, too

By SAMSON REINY The warehouse of the Alameda County Community Food Bank is a center of constant activity. Every day, delivery trucks bustle in and out of loading zones as workers drop off grocery deliveries from growers and discount sellers, volunteers sort and package food items, and employees from local nonprofit agencies go “shopping” for needed products. And as the holiday season approaches, companies and schools will begin their canned food drives, which have become classic exercises in civic engagement….

Lower fee hike recommended for residential parking

By MAGGIE FAZELI FARD Sept. 23 — In a compromise over city parking costs, the City Council finance committee agreed today to recommend moderate residential parking permit fee increases — in exchange for starting a performance audit into what was repeatedly called an “inefficient” parking division.

Home greening grows in North Oakland

Bamboo, pebbles and boards made of wheat straw are all among the building materials being tried out by North Oakland homeowners trying to green up their properties. Click here for the story.

Safeway, neighbors to discuss controversial expansion

A public meeting will be held 7-9 p.m. Wednesday at Claremont Middle School to discuss controversial plans to expand the Safeway supermarket on College Avenue in Rockridge. This will be the first meeting of a stakeholders group organized by Safeway after opposition from neighborhood organizations stymied building plans released in June. The existing store was built in 1964, and occupies about 25,000 square feet. Safeway’s most recent building plan proposed to double the store’s floor space by taking over an…