12/25/2024

News

Rents in LA Area Grow Less Affordable, Report Says

In Los Angeles and Orange counties, 58.5% of renters spent more than 30% of their income on housing last year, the point at which economists consider it burdensome, the report found. 

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LA Motorists are Paying 75 Cents More than US Average for a Gallon of Gas

California gasoline typically costs more than in the rest of the country because of higher taxes and fees as well as a unique state-mandated blend that produces less pollution. But this year the gap has widened into more of a gulf.

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Obamacare Costs Prompt Menu Surcharges, Price Hikes and No Tipping Policy at 3 OC Restaurants

The owners of two high-profile Orange County restaurants are taking a stand on rising labor costs by implementing controversial changes that could lead to sticker shock on your next dining bill.

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Unclogging America’s Arteries 2015

A new study released today by the American Highway Users Alliance identifies America’s 50 worst bottlenecks and finds that the very worst bottleneck, as measured by hours of delay, is in Chicago, IL. Los Angeles, CA owns the next six of the top 10.

Research & Studies
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Average Taxes on Wireless Bills in California Reach a Record 18%

Average federal, state and local taxes and fees for California customers reached a record 18%, meaning that the government’s slice of your wireless bill is now at least twice as high as the state sales tax imposed on most other goods and services. . . Even though smartphones have become necessities and a crucial component of the digital economy, they’re still taxed in large part as a luxury item. . . In 1898, the federal government imposed a 3% excise tax on telephone use to help cover a face-off with Spain over the future of Cuba. Phones were relatively scarce at the time, so the tax was intended to be a levy on wealthy Americans.

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Study: One-third of Nation’s 30 Worst Traffic Bottlenecks are in Los Angeles Area

A study released Monday by the American Highway Users Alliance, a nonprofit group that lobbies for interstate highway investment, examined which routes in the United States are the most continuously crowded, 24 hours a day, rather than during peak periods. Eleven of the 30 worst bottlenecks are in Greater Los Angeles.

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2014 Journey to Work Data: More of the Same

Little has changed since 2010 despite all the talk about “peak car” and a supposed massive shift towards transit. Single occupant driving remains by far the largest mode of transport to work in the 53 major metropolitan areas (with over 1,000,000 population), having moved from 73.5 percent of commutes to 73.6 percent.

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Looking for Volatility? Try Germany’s Shift to Renewable Energy

Germany’s shift to renewable energy has created a power market so volatile that humans are having trouble keeping up with it.

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On Eve of Paris Climate Summit, Britain Pulls the Plug on Renewables

With breathtaking abruptness, the British government has in recent months slashed its support for solar power and other renewable forms of energy, leaving a once-promising industry with grim prospects and throwing into doubt the country’s commitment to clean power. . . Britain on Wednesday became the first major economy to propose a phase-out of coal-fired power plants, saying it intends to do so by 2025. But the government’s plan relies heavily on a switch to gas rather than cleaner alternatives.

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LA Expo Line Hasn’t Reduced Congestion as Promised, a Study Finds

Contrary to predictions used to promote the first phase of the Expo light rail line between downtown and Los Angeles’ Westside, a new study has found that the $930-million project has done little to relieve traffic congestion in the area.

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Opinion: Gambling the World Economy on Climate

For instance, policy makers could have chipped away at emissions efficiently with modest taxes on carbon, or by switching electrical generation to natural gas. Instead many countries, including the U.S. and those in the EU, have poured money into phenomenally inefficient subsidies for solar and biofuels, which politicians go for like catnip. The EU’s 20/20 climate policy—the goal, embarked upon in 2010, to cut emissions 20% from 1990 levels by 2020—is the clearest example of such gross inefficiency.

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No Elbow Room Anymore on Sacramento Roads

With the recession over, Sacramento-area freeways and roads are crowded again. Some say more than ever.

Slow website
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Will Solar Energy Plummet if the Investment Tax Credit Fades Away?

A study from Bloomberg estimates that the loss of the tax credit will cause solar capacity to only quadruple, instead of quintuple, by 2022—still a substantial increase. Our own analysis reinforces this assessment: In 22 states, at least one gigawatt of solar (and often much more) could be installed at a comparable cost to retail electricity prices by 2017, tax credit not included.

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Los Angeles Rent Increases Set to Double Inflation for 2015

The cost of living, and especially renting, in Los Angeles continues to skyrocket and will continue to for the foreseeable future. A new third quarter rental market report by Marcus & Millichap confirms that rents are climbing all over town: asking rents citywide were up 7.8 percent to an average of $1,873 per month. For the year, the report predicts rents will climb 4.8 percent overall, “more than doubling the rate of inflation.”

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A Texas Utility Offers a Nighttime Special: Free Electricity

The women are just three of the thousands of TXU Energy customers who are at the vanguard of a bold attempt by the utility to change how people consume energy. TXU’s free overnight plan, which is coupled with slightly higher daytime rates, is one of dozens that have been offered by more than 50 retail electricity companies in Texas over the last three years with a simple goal: for customers to turn down the dials when wholesale prices are highest and turn them back up when prices are lowest.

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