The refinery that has historically produced about a fifth of Southern California’s gasoline has been crippled since a February explosion — and may stay that way for months to come.
China and its swooning stock market pose a growing risk to the global economy, say economists surveyed this month by The Wall Street Journal. But healthier U.S. consumer spending and a stronger housing market will provide enough domestic power to offset any drag coming from the world’s No. 2 economy.
U. S. consumer prices rose in June—and for the first time in 2015 this broad measure of inflation is in positive territory when compared with a year ago.
In 1987, during the last period of productivity hand-wringing, Nobel Prize winning economist Robert Solow quipped: “You can see the computer age everywhere but in the productivity statistics.”
The state Senate approved a resolution on Thursday praising Pope Francis’ encyclical on climate change and calling on politicians to heed its call for better stewardship of the environment.
“This kind of unregulated, unlimited power is concerning,” [Assemblyman Roger] Hernandez told the committeee. “We are the ones who make the law…. This is giving them a blank check … a complete transfer of power.”
Home sales are up. All-cash and investor purchases are down. And home prices are rising at a more sustainable pace than in the last few years.
Fueled by an increase in home sales, the assessed value of all taxable property in Los Angeles County rose 6.13 percent in 2015 — the largest jump since 2010 — the county assessor reported Thursday.
Since 2006, U.S. households have received more than $18 billion in federal income tax credits for weatherizing their homes, installing solar panels, buying hybrid and electric vehicles, and other “clean energy” investments. We use tax return data to examine the socioeconomic characteristics of program recipients. We find that these tax expenditures have gone predominantly to higher-income Americans. The bottom three income quintiles have received about 10% of all credits, while the top quintile has received about 60%. The most extreme is the program aimed at electric vehicles, where we find that the top income quintile has received about 90% of all credits.
The Labor Department issued new guidance Wednesday intended to help companies answer that increasingly fraught question. The issue has taken on greater urgency with the growth of sharing-economy firms such as Uber and TaskRabbit, which increasingly rely on independent workers, often for short-term projects.
Thanks to a rebound in the economy and real estate values, county assessment rolls — and by extension property tax revenues — are going up between 5.2 and 8.7 percent in eight Bay Area counties this fiscal year.
Nearly a third of California’s households “struggle each month to meet basic needs,” largely because of the state’s high cost of living, a new study by United Ways of California concludes.
The latest increases have boosted prices to $5 a gallon or more at some stations. And it begs the question — how much more can consumers take?
In this report, the Institute for Applied Economics of the Los Angeles County Economic Development Corporation (LAEDC) conducts a regional dependency study of the refinery industry, evaluating the ripple effect of a potential reduction of supply of refined petroleum products and byproducts in California.
Gov. Jerry Brown’s California Competes program has allocated some $200 million in tax credits in fiscal 2016 for companies to expand in or relocate to California.