01/11/2025

News

Former Tesla Workers Launch Mysterious Gardena Start-up with Ties to Chinese Multibillionaire

Faraday said it plans to sell its first vehicle in 2017 and is eyeing factory locations including California, Georgia, Louisiana and Nevada.

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Opinion: These Middle-Class Jobs Start with Apprenticeships

If you follow the headlines, you might not think that these jobs still exist. But they do, and many of them are in the building trades.

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Common Ground for Independent Workers

New technologies and business models are fundamentally changing the economic landscape across the country, adding value to consumers’ lives and bringing new opportunities for workers. These changes are also raising questions about the changing nature of work in America for businesses, workers, labor organizations, governments, and consumers alike. As our country has at prior moments of workplace change, we must find a path forward that encourages innovation, embraces new models, creates certainty for workers, business, and government and ensures that workers and their families can lead sustainable lives and realize their dreams.

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The Meaning of Silicon Valley to California’s Economy

Taking the Silicon Valley-Bay Area region out of the picture would have devastating effects, essentially eliminating the recovery, while removing Greater Los Angeles actually improves California’s labor market recovery. For instance, in aggregate, California’s employment grew by 7.5% between 2009 and 2014. However, if the Silicon Valley-Bay Area region were to be removed, this growth rate falls to just 5.7%. Moreover, removing Greater Los Angeles actually increases California’s employment growth to 8.1%. In term of the unemployment rate, removing the Silicon Valley-Bay Area versus removing Greater Los Angeles, on net, increases California’s average unemployment rate between 2009 and 2014 by roughly a half-percentage point. Simply put, without the Silicon Valley-Bay Area, California’s post-recession recovery becomes sluggish (at best), but without Great Los Angeles, it improves.

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Kraft Heinz to Close Seven Factories, Including One in Fullerton

The closures will eliminate about 2,600 jobs. Production will shift to other factories in North America, Michael Mullen, senior vice president of corporate and government affairs, said Wednesday. . . Other factories to be closed are in San Leandro, Calif.; Federalsburg, Md.; St. Marys, Ontario, Canada; Campbell, N.Y.; Lehigh Valley, Penn.; and Madison, Wis.

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The Economic Roots of the Climbing Death Rate for Middle-Aged Whites

Perhaps because of their economics background, Ms. Case and Mr. Deaton theorized that this overdose epidemic may be tied—at least in part—to “economic insecurity.” This claim is hard to establish but, seeing how Mr. Deaton won the Nobel Prize in economics less than a month ago, worth considering in detail.

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U.S. Manufacturing Activity Expands at Slowest Pace in Two Years

The Institute for Supply Management’s gauge of manufacturing activity fell to 50.1 from 50.2 in September, the purchasing managers’ group said Monday. Readings above 50 indicate expansion. The reading was the weakest since May 2013 and indicates that the sector barely skirted a contraction in October.

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Dan Walters: California’s Financing Formula Reignites Big School Struggle

Educational bureaucrats are very prone to writing documents in “edu-speak,” a jargon for insiders. The “multiple measures” plan now being drafted is a monument to such deliberate obfuscation.

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Private Sector Employment Increased by 182,000 Jobs in October

Private sector employment increased by 182,000 jobs from September to October according to the October ADP National Employment Report®.

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Commentary: Encouraged by the Feds, Cities Are Punishing Business

The challenge for employers is not only the cost of higher wages or paid sick time. Multistate employers compelled to monitor new developments in thousands of cities instead of 50 states find the task overwhelming. Employers also have to track where each of their employees lives, or moves to, and works. Complying with the three-tiered patchwork of federal, state and local regulation means more opportunity for contradiction, as some laws’ requirements are the opposite of other laws. Changing a national payroll system to comply with the paid sick-leave ordinance in Passaic, N.J., might violate the law in San Francisco.

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Film Tax Credits, New Media Outlets Help Revive LA’s Entertainment Economy

California’s decision last year to offer more generous tax incentives for film and TV production is being credited for a sharp uptick in location shoots across Los Angeles.

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Chevron to Slash Up to 7,000 Jobs Amid Poor Earnings, Spending Cuts

San Ramon-based Chevron Corp. (NYSE: CVX) said that it would cut up to 7,000 jobs as its drastically reduces spending for 2016.

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Is California’s Bubble Bursting?

California policy is dominated by a rich coastal elite who control most of the media, finance campaigns, rule over the universities and generally dominate all discussion.  The result is extreme inequality, persistent nation-leading poverty, high housing costs, and limited opportunity for California’s most disadvantaged populations.  And, California’s most disadvantaged will pay the most for California’s next downturn.  They won’t write checks, because they can’t.  Their net worth won’t decline, because it’s already at or below zero.  They’ll pay a far higher cost in broken homes, broken families, and broken lives.

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Dan Walters: California’s Kids Fall Short in Testing Once Again

But if our schools aren’t performing particularly well, those who run the schools are again demonstrating their unmatched ability to make excuses for failure.

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California Test Scores in the Cellar

California students continue to perform near the bottom of states in reading and math, 2015 test results released Wednesday show. And even when taking into account factors like the predominance of English learners and poor children, a new analysis indicates that the state would still end up in the academic cellar.

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