A concise snapshot of the public figure and place
Recent data shows Californians have less disposable income despite higher median incomes, due to high costs of housing, energy, and taxes. Job growth has slowed, especially in tech, prompting residents and businesses to leave. The state's economic performance is shrinking relative to the US overall.
Galleries have been shrinking and business models have been under sustained pressure at Art Basel this month, while major players have been narrowing investments and reshaping portfolios across regions. SoftBank has reduced deal activity in Latin America; Pace has cut artists and staff; recruitment firm Hays has sold operations; and community art projects and private collectors are adapting their approaches.
San Francisco Archbishop Cordileone must write apology letters to roughly 530 abuse survivors as part of a historic settlement. The deal includes 14 child-protection reforms and an open, public list of accused clergy. Survivors will receive an equitable distribution of funds, overseen by a survivor committee.