12/23/2024

News

Gas Prices Spike 69 Cents in One Week, but Relief May Be On the Way

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?

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Report Details Industries at Risk Due to Refinery Challenges

California refineries support 2.4 million jobs that depend on the petroleum-based products they produce but increasing regulatory demands are jeopardizing their ability to continue operations in the state, according to a report released this week.

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Southern California Motorists Could See Gasoline Prices Soar by 30 Cents per Gallon

A report released Wednesday from the Energy Information Administration details a “perfect storm” that shows the West Coast’s gasoline inventory fell by more than a million barrels last week while fuel imports into the region dropped to zero for the first time since March.

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City Council President Says LA Lacks Job Creation Plan, Orders New Panel to Boost Employment

For several weeks, the groups have complained City Hall isn’t focusing enough on job growth with critics contending Garcetti’s economic team, led by longtime staffer Kelli Bernard, has failed to recruit business or cut red tape for existing companies.

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City Council President Says LA Lacks Job Creation Plan, Orders New Panel to Boost Employment

For several weeks, the groups have complained City Hall isn’t focusing enough on job growth with critics contending Garcetti’s economic team, led by longtime staffer Kelli Bernard, has failed to recruit business or cut red tape for existing companies.

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Heinz Closing Chatsworth, 145 Workers Lose Jobs

The wind-down will occur in “a staged process” over the next two months. Production at the Chatsworth factory will shift to plants in either Mason, Ohio, or Jacksonville, Fla., Mullen said, as those facilities share the same manufacturing process and capabilities.

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California Bounces Back as No. 7 Economy in World

After taking a significant recession-era hit, California’s economy has bounced back up to the seventh largest in the world as the state’s gross domestic product reached $2.3 trillion in 2014, according to figures released Wednesday by the U.S. Bureau of Economic Analysis.

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Gas Prices Continue Dropping in Southern California

The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Monday for the 21st consecutive day and the 22nd time in 23 days, decreasing a half-cent to $3.756.

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Cargo Shipping Traffic Returning to “Normal” in Port of Los Angeles

Ship traffic has returned to normal following months of congestion and backup during labor negotiations, Port of Los Angeles Executive Director Gene Seroka told harbor commissioners today.

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LA County Businesses Optimistic, but Concerned Over Taxes and Regulations, Survey Says

While two-thirds of Los Angeles County employers expect business conditions to improve this year, they have serious concerns about governmental impediments, such as high taxes and fees, increased regulation and cumbersome permitting processes.

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How the Trucking Industry at the Port is Being Hammered by the Rest of the Supply Chain

Steve Gardner’s yard, where 90 additional containers of frozen foods and California agriculture sit, is an example of what can go wrong with what academics and economists call the goods movement industry. In Southern California, it’s a multimillion dollar industry that employs tens of thousands of workers, and is rife with congestion problems that’s slowing the region’s economy.

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California has Some of the Highest Apartment Rents in the Nation

The median monthly rent for a one-bedroom apartment in California was $1,350 in March, up 6.5 percent from a year ago. That was 43 percent higher than the national median of $940.

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Opinion: Prop. 13 Overhaul Puts California Taxpayer Protections at Risk

The presidential election in 2016 is will be a defining generational election for California’s future. Just as we are coming out of the recession, efforts are now underway by special interest and public employee unions in Sacramento to raise $20 billion in new taxes to fund increased benefits for their members.

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Port Truckers for Long Beach, Los Angeles Strike Over Charges of Wage Theft

Key issues in the strike include Teamsters’ contention that drivers should be classified as full-fledged employees of trucking firms and the union’s allegation that drivers are not receiving the full amounts of wages they are owed.

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Port Truckers to Vote on Strike that Could Begin Monday

Truck drivers who haul goods from the ports of Long Beach and Los Angeles will vote today whether to launch another strike beginning as early as Monday morning, union officials announced Friday.

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