11/18/2018

News

The Follow Up to the Vetoed Bank of Los Angeles

Angelenos and the City of Los Angeles dodged a potentially fatal bullet on Tuesday, November 6, when 58% of the City’s voters said NO to Charter Amendment B, which, according a Los Angeles Times editorial, was “one of the most ill-conceived, half-baked measures to come out of City Hall in years, and that’s saying something.” […]

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California to Conduct Wide-Ranging Review of PG&E, Including Possible Breakup

A California regulator said late Thursday that it was expanding a probe of PG&E Corp.’s P safety practices to explore the way the company is managed and run, including whether it should be broken up. “I will open a new phase examining the corporate governance, structure, and operation of PG&E, including in light of the […]

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Statewide Polystyrene Ban Would Bring Unintended Consequences

Supposedly civic-minded prohibitions on consumer conveniences always have unintended consequences. California’s single-use plastic bag ban, for instance, has led to a surge in E. coli infections, created a swarm of thicker plastics bags that are a greater environmental hazard than the outlawed single-use plastic bags, boosted shoplifting, and been the cause of countless broken eggs […]

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Newsom will find stack of Brown’s leftovers

Gavin Newson will not begin his governorship in January with a budget deficit, but nevertheless, Gov. Jerry Brown will leave him a stack of knotty managerial and policy issues that cannot be ignored. The two most obvious are Brown’s two pet public works projects, twin tunnels to carry water beneath the Sacramento-San Joaquin Delta and […]

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Improved Middle-Income Estimates by Pew Research, But More Improvements Needed

There are few issues, if any, more important than income and poverty. The most successful political jurisdictions, where national or sub national, are characterized by rising incomes and falling rates of poverty. A large and growing middle-class is key to that. But measuring the size and trend of the middle-class is easier said than done. […]

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Why Aren’t U.S. Workers Working?

Labor force participation among U.S. men and women ages 25 to 54 has been declining for nearly 20 years, a stark contrast with rising participation in Canada over this period. Three-fourths of the difference between the two countries can be explained by the growing gap in labor force attachment of women. A key factor is […]

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Medical-Marijuana Legalization Leads to Baby Boomlet, Paper Says

The tide of medical-marijuana legalization making its way through American states is leading to a notable uptick in the birth of babies, according to a new paper published by the National Bureau for Economic Research. According to the National Conference of State Legislatures, 33 states and Washington, D.C., allow the once verboten drug to be […]

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Will the Bay Area quietly lose another Fortune 500 headquarters to Texas?

McKesson Corp. appears to be setting the stage to quietly shift its corporate headquarters to Dallas, where it operates a division headquarters. … “McKesson is a multinational company with more than 75,000 employees in the U.S., Canada and Europe.

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Bay Area exodus: Companies leaving the region

These companies moved or are about to move their headquarters out of the Bay Area.

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California-based Fortune 500 company is bringing its HQ to Tarrant County

A Fortune 500 company that distributes tobacco products and other items nationwide to convenience stores and other retailers is moving its headquarters from California to Dallas-Fort Worth. San Francisco-based Core-Mark Holding Co. plans to relocate to Westlake next year. One of Core-Mark’s biggest clients is Irving-based 7-Eleven Inc. . . . Core-Mark traces its roots […]

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California company moving HQ to Las Colinas amid growth, hiring surge

Another California company is moving its headquarters to the Dallas area. And this time, it’s one at the intersection of the technology and automotive industries. DealerSocket is relocating its home base to Irving from San Clemente, California, in Orange County, according to CEO Sejal Pietrzak. The software company, which helps auto dealerships manage customer relationships […]

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The jobs are here, but where are the people?

The US manufacturing industry continues to gain momentum. Job openings have been growing at double-digit rates since mid-2017, and are nearing the historical peak recorded in 2001.1 In this dynamic manufacturing environment, Deloitte and The Manufacturing Institute launched their fourth skills gap study, to reevaluate their prior projections and move the conversation forward on today’s […]

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Gloomy Prospects in IEA’s Latest World Energy Outlook

None of the scenarios in the latest International Energy Agency World Energy Outlook show renewables growing fast enough to meet global climate goals. Under current policies, said the IEA this week, the world would see increasing strains on almost all aspects of energy security and “a major additional rise” in energy-related carbon emissions. And under […]

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Climate Hoax: Not A Single G-20 Country Is Close To Hitting CO2 Emission Targets

A new report calls the lie on the grand Paris climate change treaty. None of the promised cuts in CO2 emissions that 200-plus countries made will come close to preventing a climate “catastrophe.” And many of the industrialized nations aren’t even living up to the promises they did make. . . . What did it […]

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Consumer Spending Rose in October

Retail spending by American households rose in October, a sign outlays started on a strong footing headed into the holiday shopping season. Sales at retail stores and restaurants rose 0.8% from the prior month, the Commerce Department said Thursday. That exceeded the 0.5% increase economists surveyed by The Wall Street Journal had expected.

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