Fresno-based Catholic TV station KNXT is for sale

The next casualty in the social media explosion could be KNXT , the local television station owned and operated by the Roman Catholic Diocese of Fresno . The diocese is taking a serious look at whether it is cost-efficient to continue to provide the $1.2 million operating budget to the TV station or go to different forms of delivering video.

The History of the Credit Card

When New York businessman Frank McNamara started Diners Club in 1950, he had big dreams for his new company and the credit card it would issue. “‘Someday,’ he predicted, ‘restaurants all over New York will honor this card,'” former Diners Club executive Matty Simmons recalled McNamara telling him early on.

California revenue is growing. So why the talk of deficits?

California’s economy is expanding and voters just approved billions of dollars in tax increases, yet Gov. Jerry Brown this week projected a budget deficit for the first time in four years and called for spending cuts. The paradoxical budget picture is a result of revenue growing more slowly than economists had predicted after years of rapid increases from a hard-charging economy.