12/25/2024

News

Garcetti Pledges to Ease Building Permit Process to Boost Construction

Restaurants, charter schools and major projects costing $10 million or more would be eligible for a new case-management program, a single point of contact to guide such projects through the city’s sometimes-Byzantine process of applying for permits and approvals.

Read More

Southland Employers Expect 4.8% Hike in Health Benefit Costs

Small business owners are often left in the dark about the energy cost increases from environmental and climate change mandates. Latino-owned businesses are disproportionately impacted because many operate on a smaller profit margin, many don’t have as mu

Read More

Barely 1 in 5 LA Homes Affordable to Middle Class, Study Finds

. . . a new report out Tuesday from real estate website Trulia, which found that a household earning the median income of $54,000 can afford just 22% of homes in L.A. County on 31% of their income or less. Only in San Francisco, at 15%, can fewer middle-class families afford to buy. Six of the seven least-affordable markets in the nation are in California, including San Diego (25%), Orange County (26%) and Ventura County (33%).

Read More

California Pension Funds are Running Dry

All that has changed, according to a far-reaching package of data from the state controller. Taxpayers are now on the hook for billions of dollars more to cover the future retirements of public workers, with the bill widely varying depending on where they live.

Read More

State Recycling Program has been Running Large Deficits

State audit has found that the cost of the state’s recycling program for beverage containers has exceeded its revenue by over $100 million in three of the last four fiscal years.

Read More

“Skills Gap” Threatening to Impede Economic Growth in California

Filling skilled trades jobs — electricians, carpenters, plumbers and others — seems to be easier for organizations if they’re based outside California, according to the survey. Employers inside the state had trouble placing full-time educators such as teachers and professors, as well as scientists, engineers, managers, executives and computer specialists.

Read More

US Economy Shows Solid Growth, but It’s About to be Tested

Although the report was clearly positive and helped lift stocks, economists at the moment see GDP growth in the last three months of the year coming in at less than 3%. And some special factors in the third-quarter report explain why.

Read More

Business Economists Report Solid but Slowing Growth in Third Quarter

Business economists reported solid but slowing growth at their companies over the summer as gauges of sales, hiring and profit margins fell slightly from the second quarter, according to survey results released Monday..

Read More

Union Demands Driving Railcar Jobs Out of California, Japanese Firm Says

Kinkisharyo International of Osaka said it is now looking at factory sites outside California, saying pressure from organized labor has made it difficult to do business in the state. Union officials and activists, however, argue they are simply trying to hold the company to environmental rules it should be following.

Read More

California Unemployment Rate Drops to 7.3% in September

California’s unemployment rate dropped to 7.3% in September — the lowest in more than six years — though the total number of jobs declined by 9,800 last month, according to state data.

Read More

Chevron is Still Going Strong after 135 Years

Chevron traces its history to 1879 when Pacific Coast Oil Co. was founded. It was bought, in 1900, by the vast industrial empire of the Standard Oil Co. & Trust, which once controlled almost all oil production, processing, marketing and transportation in the United States.

Read More

No End to Southland Drought Seen in Winter Rain Forecast

Although NOAA forecasters predicted a slightly wetter year for the Southland, the outlook remained dry for Central California, one of the state’s most parched regions. Most of the middle of the state would continue in what the NOAA classified as “exceptional drought.”

Read More

Gasoline Prices Fall to Lowest Level Since November

The average price of regular gasoline in the U.S. slid to the lowest level in more than 10 months, dropping 11.6 cents in the three weeks that ended Friday to $3.26 a gallon, according to a survey of gasoline retailers..

Read More

In 2015, LA County is Forecast to Regain Jobs Lost During Recession

Los Angeles County will finally regain the number of jobs it lost during the Great Recession next year, with Orange County and the Inland Empire expected to follow soon after, a new study projects..

Read More

Small Businesses in SoCal Increasingly Optimistic, Survey Says

The percentage of businesses who expect to trim full-time head counts is in the single digits, with business and professional services most likely to anticipate boosting hiring. More than a third said they’re planning to bring on additional part-time workers.

Read More