09/22/2020

News

State Auditor Eyes California’s Crumbling Infrastructure in Assessment of State

California’s State Auditor last week released its updated assessment of high-risk issues that loom over the state, and the failure to keep up with the state’s infrastructure needs made the cut.

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Cal-Tax Estimates California’s State and Local Debt at $443 Billion

“Gov. Jerry Brown has repeatedly pledged to tear down what he calls California’s “”wall of debt.””

But Brown’s definition of that debt wall – about $30 billion in accumulated deficits from recent state budgets – is less than 10 percent of the debt that state and local governments have amassed, according to a new compilation by the California Taxpayers Association, if one includes unfunded liabilities for public employee pensions.

Cal-Tax researchers counted $443 billion in state and local debts, roughly two-thirds of it carried by the state and the other third by local agencies. That’s the equivalent of a fifth of the state’s annual economic output and amounts to $11,600 for each of California’s 38 million residents. “

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California Business Roundtable Launches the Center for Jobs and the Economy

As part of its mission to provide leadership in jobs creation and strengthening the economy, the California Business Roundtable announced the launch of the California Center for Jobs and the Economy. The Center will provide a comprehensive view of California’s employment picture by region as well by demographics and industry sectors.

“California businesses, residents and elected officials are going to greatly benefit from the creation of the Center for Jobs and the Economy. The factual data that the Center distributes is going to give California the opportunity to assess a variety of aspects of the jobs environment and the economy, ultimately allowing for further understanding of California’s business climate,” stated Tom Conley, Chairman of the California Business Roundtable.

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National Charter School Study 2013

This report provides an updated and expanded view of charter school performance in the United States.

Research & Studies
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Edison to Lay Off 730 at San Onofre

Company: Edison CoCA Net Job Gain/Loss: -730Reason: LayoffCity/Region Losing Jobs: San Clemente, CA

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Preliminary Assessment of Regulatory Cost Drivers in California’s Energy Market

Executive Summary: This is an extremely dynamic time in the California energy industry. Electricity providers are facing new generation, transmission, and distribution infrastructure needs, aggressive renewable energy and emissions goals, and increasingly complex, multifaceted, and multi-jurisdictional policies and regulations, all while striving to maintain reliable and affordable service. Additionally, transportation fuel providers will have to meet stringent carbon intensity limits. As the goals and objectives of these policies and regulations mature from legislation to implementation, they are beginning to introduce additional and potentially substantial costs to the California energy industry.

Research & Studies
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California Business Roundtable debuts new economic database

The California Business Roundtable will unveil its new database on the state’s economy Thursday morning.

Slow website
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JPMorgan Chae Cuts 245 OC Jobs

Company: JPMorgan ChaseCA Net Job Gain/Loss: -245Reason: LayoffCity/Region Losing Jobs: Irvine, CA

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JPMorgan Chase to Lay Off 730 in San Diego

Company: JPMorgan ChaseCA Net Job Gain/Loss: -730Reason: LayoffCity/Region Losing Jobs: San Diego, CA

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LabCorp Unit in Irvine to Cut Jobs

Company Name: Laboratory Corporation of America

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LabCorp Unit in Irvine to Cut Jobs

Company: Laboratory Corporation of AmericaCA Net Job Gain/Loss: -156Reason: LayoffCity/Region Losing Jobs: Irvine, CA

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Local Layoffs to Follow Sale of Intuit Unit

Company: IntuitCA Net Job Gain/Loss: -65Reason: LayoffCity/Region Losing Jobs: Los Angeles, CA

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Tourism Authority Lays Off 31 Staff Members

Company: San Diego Tourism AuthorityCA Net Job Gain/Loss: -31Reason: LayoffCity/Region Losing Jobs: San Diego, CA

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Amazon Plans to Hire for 150 More Jobs in San Bernardino

Company: Amazon.com Inc.CA Net Job Gain/Loss: 150Reason: Expand, From Out of StateCity/Region Losing Jobs: Seattle, WACity/Region Gaining Jobs: San Bernardino, CA

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Over 500 Bank of America Workers to Be Laid Off at Fresno Call Center

Company: Bank of AmericaCA Net Job Gain/Loss: -543Reason: LayoffCity/Region Losing Jobs: Fresno, CA

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