Were California's state government a business, it would be a candidate for insolvency with a negative net worth of $127.2 billion, according to an annual financial report issued by State Auditor Elaine Howle and the Bureau of State Audits.

The report, which covers the fiscal year ending June 30, 2012, says that the state's negative status -- all of its assets minus all of its liabilities -- increased that year, largely because it spent more than it received in revenue.

During the 2011-12 fiscal year, the state's general fund spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion from several years of red ink. Gov. Jerry Brown has referred to that and other budget gaps, mostly money owed to schools, as a "wall of debt" totaling more than $30 billion.

Last November, voters passed an increase in sales and income taxes that Brown says will balance the state's operating budget and allow the debt wall to be gradually dismantled.

Daily Download editor-in-chief Laura Ashburn on Monday slammed the New York Times' obituary of female rocket scientist Yvonne Brill.

Brill was instrumental in the development of propulsion systems for satellites, but the opening line of her obituary emphasized her cooking skills rather than her stunning scientific achievements.

"I have never seen a more sexist obituary in my life than the one that was in the New York Times on Sunday," she remarked. "This women, who was 88-years-old, died - world-class rocket scientist and the opening was, 'she made a mean beef stroganoff'... I mean, no male obituary would start like that."

The town of Nelson, Georgia, followed through on its proposal to require residents to own a gun Monday night following a unanimous vote by the city council.

WGCL-TV reported that the law will apply to heads of household, with exceptions built in for the disabled, mentally ill and those objecting to gun ownership for religious reasons. Convicted felons will not be allowed to own a firearm.

"If anything should happen that they would need to use a firearm, [now] they are backed up by their government, their city government," council member Edith Portillo told the station.

However, according to the Associated Press, another council member, Duane Cronic, said the new "Family Protection Ordinance" will not be enforced, making it more of a symbolic gesture.

"I likened it to a security sign that people put up in their front yards," Cronic said. "Some people have security systems, some people don't, but they put those signs up. I really felt like this ordinance was a security sign for our city."

The unemployment rate across the Eurozone has alarmingly hit 12%. A shocking figure revealed by Eurostat, which claims it is the first time the rate reaches such a high value since the currency was launched in the late 1999. A total of 19.07 million people were officially jobless in the euro area in February 2013, nearly two million more compared to the last year in the same period.

Among the Member States, the highest unemployment rates were recorded in Greece (26.4% in December 2012), in Spain (26.3% ) and in Portugal (17.5%). These figures refer, however, to the period preceding the recent Cyprus collapse that, according to previsions, could worsen the crisis all over Europe.

Food security means everyone having access to enough food to maintain a healthy life at all times. In the United States today, nearly 15 percent of households have reported food insecurity at some point during the last year. That is to say that they are either hungry, or uncertain about their food supply.

The issue is particularly concerning for households with kids and minority families. In a country that wastes about 40% of the food that is produced each year, people are developing diseases that are specifically related to not having enough food. This paradox illustrates the importance of creating a fair system for food distribution throughout the US, and beyond.

A city pastor has urged the oil industry and local businesses to provide more training or handouts after being forced to open a food bank to help "starving" people.

Barry Douglas, chaplain of Aberdeen FC and pastor at Kings Community Church in the city, is "horrified" by the poverty in the oil capital of Europe, particularly in the community of Seaton on the fringes of more affluent Old Aberdeen.

The food bank was officially opened by Labour leader Johann Lamont who is campaigning against benefit changes which Mr Douglas says have hit the local community hard.

"Scottish neighbourhood statistics show that 29 per cent of people in Seaton are below the poverty line," he said.

"As a minister I see many needs in the community and one of the biggest needs is, believe it or not, food.

Boris Berezovsky, the Russian oligarch who died last week at his U.K. home, was found with a noose around his neck.

A similar piece of material was tied to the shower rail above the 67-year-old in the bathroom where he was discovered, Detective Inspector Mark Bissell of Thames Valley Police said on the first day of a coroner's inquest in Windsor, England, today.

Berezovsky died March 23 from hanging with no evidence of a violent struggle, U.K. police said earlier this week following an initial autopsy. The results of additional tests, including toxicology and histology examinations, won't be known for several weeks.

Food prices finally caught up with last years drought. According to the Texas Farm Bureau food prices became noticeably higher in the first quarter of 2013.


The Texas Farm Bureau took sixteen items, such as lettuce, fruit, meat, and milk and found the total price to be nearly five and a half percent higher than the same items in 2012.

According to the Texas Farm Bureau, ground beef is up 10% in one year and sirloin steak is up almost 19%.

The cause? The Bureau says last year's drought.

According to DBS, in Indonesia, the food component is the main driver of inflation. Food prices have risen by 7.6% since the beginning of the year and in YoY terms, the figure has surged to 12.9%.

With food prices (including processed food and tobacco) taking up a hefty 36% of the CPI basket, this has single-handedly pulled headline inflation to a 22-month high.

While bad weather in January has contributed to food price pressures, it is the persistent price uptrend in selected spices that that has kept the food price index rising.

Several teens were arrested after dozens of mob groups began attacking pedestrians on Chicago's downtown Magnificent Mile area on Saturday night.

Police responded to reports of disturbances near Michigan and Chicago Avenues.

Police said 28 teens were arrested during the incident and no serious injuries were reported.

The teens charged with misdemeanor reckless conduct and battery and later released, according to News Affairs Officer Perkus.

Eleven other teens were charged with the same misdemeanor charges after they attacked a group of women on the CTA Red Line, police said.