Archive for March 9th, 2018

By Brian Whitehead | | San Bernardino Sun
Published: March 9, 2018 at 7:00 am | Updated: March 9, 2018 at 7:22 am

Mike Gallo, president and CEO of Kelly Space & Technology in San Bernardino, has withdrawn from the 2018 mayoral race to focus on making space access easier and more affordable for the growing small satellite industry, he announced Friday, March 9.

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Sammy Roth, The Desert Sun
Published 2:41 p.m. PT March 8, 2018 | Updated 3:55 p.m. PT March 8, 2018

State Assemblymember Chad Mayes is suing California over a ballot measure that could help Republican lawmakers influence how the state spends its climate change funds, claiming that misleading language written by the state’s Democratic attorney general will confuse voters so they oppose the measure in June.

Proposition 70 stems from a hard-fought deal between Mayes and Gov. Jerry Brown last year. In exchange for Mayes delivering Republican votes to extend California’s cap-and-trade program, which puts a price on planet-warming emissions, Brown and Sacramento Democrats agreed to a statewide vote that could change how funds generated by the program are spent. If Prop 70 passes, the Legislature will be required to approve some of that spending in a two-thirds vote, rather than the majority vote that’s needed now.

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Jeff Cox | @JeffCoxCNBCcom
Published: March 9, 2018

  • Nonfarm payrolls rose by 313,000 in February while the unemployment rate remained at 4.1 percent, the lowest since December 2000.
  • Wage growth was muted, however, with average hourly earnings up 2.6 percent on an annualized basis, 0.2 percentage points below expectations
  • The stock market rallied after the report.

The economy added 313,000 jobs in February, crushing expectations, while the unemployment rate remained at 4.1 percent, according to a Labor Department report Friday that could help quell inflation fears.

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