Both Chevron and its detractors claimed at least partial victory Wednesday, after city leaders approved the oil giant’s long-sought effort to begin a $1 billion upgrade of its century-old refinery, the largest in Northern California.
Lockyer called taxes directed at higher income earners “unfortunate” and taxes were too high in California, a comment that drew applause by several of the executives in attendance.
Traders said there was no single catalyst for the stumble, though selling started early and accelerated into Thursday’s closing bell, dragging the Dow into negative territory, down 0.1%, for 2014.
McDonald’s Corp. could be treated as a joint employer with its franchisees in labor complaints, according to a National Labor Relations Board legal determination that could have far-reaching implications for how restaurant companies deal with their workers.
The U.S. economy surged in the second quarter, more than offsetting a first-quarter contraction and putting growth back on an upward trajectory in 2014.
With films like G.I Joe, The Butler and Enders Game shot in the Bayou State, last year it topped Film L.A.’s Feature Film Production Study as the number 1 location for motion picture filming. From 2002 to 2012 (the last year data was available), the industry created more than 14,000 jobs — more than half of which were between 2010 and 2012, according to the Louisiana Department of Economic Development.
Professional services jobs — engineers, architects, lawyers, accountants and consultants — are growing in California at more than twice the rate of overall employment since the recession ended in 2009, according to an analysis of state economic data.
The report from the Manhattan Institute for Policy Research shows earnings growth in the manufacturing sector in Silicon Valley is up almost 30 percent.
A recent Brookings report found that of the regions with the greatest income disparity only one, Atlanta, is located in a red-leaning state. These include San Francisco, Miami, Boston, Washington, D.C., New York, Oakland, Chicago and Los Angeles. The lowest degree of inequality was found generally historically more conservative cities like Ft. Worth, Texas; Oklahoma City; Raleigh, N.C.; and Mesa, Ariz. Income inequality has risen most rapidly in the probably the most left-leaning big American city of luxury progressivism, San Francisco, where the wages of the poorest 20% of all households have actually declined amid the dot-com billions.
Most film and television productions turned down for a subsidy from the state of California over a recent four-year period ended up shooting in other states or countries, according to a new report released Wednesday.
Walls’ massive database reveals San Diego region lost a net 3,440 jobs to out-of-state business moves from 1989 to 2011, or about .25 percent of current estimated employment in the area. California as a whole lost a net 231,000 positions, which amounts to about 1.5 percent of the latest statewide employment projections.
However, Tesla’s on-again, off-again gigafactory flirtations with its home state have exasperated some outspoken critics of the way that California does business. Venture capitalist Tim Draper has made Tesla’s rebuff of California a talking point for his controversial “Six Californias” initiative. Losing Tesla strikes him as a smack-your-forehead example of the state’s dysfunctional business and political culture.
Encore Semi Inc., a California-based semiconductor chip designer, has opened an Austin development office as part of a four-city national expansion.
According to law firm Davis Polk, 208 (52%) of the 398 total rulemaking requirements have been met so far. It’s an improvement from 2012, when just 31% of the Dodd-Frank rules were in force, but still lacking.
In spite of a long-term decline in manufacturing employment, California maintains a large base of manufacturing capabilities and strengths in a diverse set of manufacturing industries, from food processing and furniture to aerospace and medical devices.
