Industry: Economy
News
Jan. 11, 2018

Yet in the final tax bill Mr. Trump signed in December, there they are: the full panoply of tax incentives for renewable energy, as well as the $7,500 electric vehicle tax credit.

But Tesla has been conspicuously silent on the law. And G.M.’s response has been qualified. A company spokesman, Patrick E. Morrissey, said G.M. supports continuing the electric vehicle credit “as an important customer benefit that can help accelerate the acceptance of electric vehicles,” but added, “We believe additional reform to the E.V. tax credit would help grow the market for of electric vehicles even more.”

News
Jan. 10, 2018

The California Business and Industrial Alliance (CABIA) was formed last year after the company I work for was assaulted with a wage and hour PAGA Lawsuit. This cost us over a million dollars and will take us years to recover. Late lunches and misclassified safety incentives were the violations we committed. Our flexible schedule and rewarding employees for safe behavior is a something you should not do in California. If an employee wants to come in early so he can go see his child at a school event we can no longer accommodate such a request. We do not have the staff to keep track of employees punching in and out at different times, and employees are not interested in eating lunch by themselves or at odd times due to the 5 hour requirement. This lawsuit took a perfectly happy “Family Atmosphere” and destroyed it; congratulations lawmakers and your over complicated Labor Law Digest in excess of 1,000 pages.

News
Jan. 10, 2018

Economic conditions may play less of a role in the scourge of recent opioid overdose deaths than the easy availability and low cost of the illicit drugs, according to a new paper.

The study by University of Virginia economist Christopher Ruhm disputes the idea that areas in economic decline experience a higher rate of “deaths of despair,” and argues “the drug environment rather than economy is the key driver in rising drug fatalities.”

News
Jan. 10, 2018

Los Angeles County fell sharply in an annual ranking of job growth and economic performance among metropolitan areas, according to a Milken Institute report released on Jan. 10.

According to the institute’s annual Best Performing Cities index of the 200 largest cities and metropolitan areas in the nation, Los Angeles County fell to the No. 61 spot from No. 48 last year, a drop of 13 in the rankings. The main reason for the drop: a slowdown in job growth in the 12-month period from August 2016 through August 2017.

News
Jan. 10, 2018

Major change at the federal level and increasing pressure from demographic and economic forces are pushing California into uncharted territory. Wide-ranging critical issues—our environment, our health care, the future of our immigrant populations—are prompting state leaders to rethink California’s role in national and global communities.

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