Archive for the ‘ Business ’ Category

Reuters: U.S. labor market shows some muscle despite slower job growth

Economy

By Lucia Mutikani | Reuters
September 4, 2015

WASHINGTON (Reuters) – U.S. job growth slowed in August, but the unemployment rate dropped to a near 7-1/2-year low and wages accelerated, keeping alive prospects of a Federal Reserve interest rate hike later this month.

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Court Filings

By Jim Steinberg, The Sun
Posted: 09/02/15 2:46 PM PDT |

Eleven local governmental bodies, trade groups, labor groups and others have filed amici “friend of the court” support for the Cadiz Valley Water Conservation, Recovery and Storage Project in a remote Mojave Desert section of San Bernardino County.

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Daily Press: Adelanto jail plan dead

Snake Oil

Pitch fails to woo L.A. County Supervisors

By Shea Johnson
Staff Writer
Posted Sep. 1, 2015 at 5:33 PM
Updated Sep 1, 2015 at 7:23 PM

ADELANTO — Mayor Pro Tem Jermaine Wright on Tuesday welcomed Los Angeles County Supervisors’ rejection of a controversial jail plan that was touted by its developers as an injection into the city’s lagging economy.

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Rate Increase

By David R. Baker
September 1, 2015
Updated: September 1, 2015 5:17pm

Pacific Gas and Electric Co. on Tuesday asked state regulators for permission to collect an extra $2.7 billion from its customers over the course of three years, using the money for technology upgrades and improved disaster response.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
September 1, 2015

  • Politicians make big promises about spending taxes
  • Estimates of job increases clash with reality
  • Economic effects of raising taxes ignored

The term “voodoo economics” was lodged in the political lexicon 35 years ago by George H.W. Bush, referring to presidential rival Ronald Reagan.

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The Press-Enterprise: PALM SPRINGS: JetBlue returns to region; $99 flights to NYC

Jet Blue

Non-stop red-eye service to New York City is scheduled to begin in January.

Published: Aug. 31, 2015 – Updated: 1:37 p.m.

JetBlue will resume service to the Inland region in January after an absence of several years.

To read article by Fielding Buck in The Press-Enterprise, click here.

Ontario International Airport

Passenger traffic at Ontario International Airport had a slight increase in July, with a drop in domestic passengers offset by a big increase in international passengers. (Terry Pierson/Staff Photographer)

Published: Aug. 28, 2015 – Updated: 11:12 p.m.

  • Bigger numbers for international travel offset a decline in domestic passengers.

Ontario International Airport had a 1.45 percent increase in passenger traffic for July, the small rise driven by international flights to Mexico even as domestic passengers decreased in the year-over-year comparison.

To read article by Richard K. De Atley in The Press-Enterprise, click here.

Lou Desmond

Friday, August 28, 2015 – 05:00 p.m.

The Lou Desmond and Company Show is broadcasting from the Toyota of San Bernardino Recording Studios!

On the show today, Ed Hoffman, President of Wholesale Capital Corporation, sits in for Lou. On the show tonight: San Bernardino’s decision to move forward with outsourcing the fire department and Moreno Valley’s approval of the World Logistics Center.

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Stock Market Plunge

By Chris Megerian and Phil Willon
August 24, 2015

Gyrations in the stock market have taken California’s fragile finances for a ride before — when the dot-com bubble burst, when the Wall Street crash sank the national economy less than a decade ago.

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Lou Desmond

Monday, August 24, 2015 – 05:00 p.m.

The Lou Desmond and Company Show is broadcasting from the Toyota of San Bernardino Recording Studios!

On the show today, Estimable Economist Jay Prag joins the show to discuss the rollercoaster ride that the stock market has been. At one point today it was down over 1,000 points. What does he predict in the coming months?

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Calpensions: Brown aides urge CalPERS to speed up rate hike

calpers

By Ed Mendel
August 24, 2015

CalPERS took another step last week toward a gradual long-term rate hike, a move to lower the risk of big investment losses as the maturing pension system enters a new era.

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Iddo Benzeevi

Developer Iddo Benzeevi listens to speakers during the Tuesday, Aug. 18, hearing on his World Logistics Center. The next day, the Moreno Valley City Council approved his project on a 3-2 vote. (Stan Lim, Staff Photographer)

Published: Aug. 21, 2015
Updated: Aug. 23, 2015 9:48 a.m.

Minutes after the vote approving his massive warehouse complex, supporters rushed to take their pictures with developer Iddo Benzeevi while chanting his name.

“Iddo, Iddo, Iddo.”

To read article by Imran Ghori in The Press-Enterprise, click here.

InlandPolitics: A stock Market pin prick and it’s doomsday

WALL STREET BONUS

Saturday, August 22, 2015 – 09:45 a.m.

The various U.S. stock market indexes have essentially declined 10% from their record highs earlier this year.

Now all of a sudden the world is coming to an end.

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InlandPolitics: California gasoline inventories climbing

Gas Prices

Friday, August 21, 2015 – 01:30 p.m.

California gasoline stockpiles at in-state refineries are climbing.

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Wall Street

Friday, August 21, 2015 – 01:00 P.M.

Global stock markets plunged on Friday, with the Dow Jones Industrial Average plunging 530 points. The S&P 500 fell 65 points, while the Nasdaq fell 171 points.

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New Home Construction

Workers build single-family homes at the Rosedale housing project in Azusa in this Feb. 26, 2013 file photo. (SGVN/Staff photo by Leo Jarzomb)

By Gregory J. Wilcox, Los Angeles Daily News
Posted: 08/20/15 – 6:34 PM PDT |

Rising home prices across California have eroded affordability to the point that only seven counties, including San Bernardino, have housing that a family earning the median income can afford to buy, according to a study released Thursday.

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SCE

Pressure is building to reopen the agreement that saddles Southern California consumers with more than $3 billion in costs for shuttering the San Onofre Nuclear Generating Station.

By Teri Sforza / Staff Columnist
Updated Aug. 21, 2015 7:18 a.m.

Southern California Edison did its very best to figure out which chitchats between its executives and state regulators were “substantive” enough to require disclosure to the rest of the world, it argued in a legal filing Thursday. But those rules are murky, people’s recollections change, and Edison has beefed up tracking company communications with state regulators as a result, to better sort the wheat from the chaff.

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Lou Desmond

Thursday, August 19, 2015 – 05:00 p.m.

The Lou Desmond and Company Show is broadcasting from the Toyota of San Bernardino Recording Studios!

On the show today, Lou is joined by Adrian Moore of the Reason Foundation. As Lou travels through Oregon, he’s noticed a few differences between Oregon and California. Is there anything that California can do differently to help businesses?

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Moreno Valley seal

Tuesday’s meeting became heated after residents hurled insults at each other, prompting Moreno Valley’s mayor to call for calm.

Published: Aug. 18, 2015 – Updated: 9:47 p.m.

Supporters and opponents of the World Logistics Center squared off Tuesday night as the Moreno Valley City Council aimed for a vote Wednesday on the massive warehouse project.

To read story by Imran Ghori in The Press-Enterprise, click here.

Home for sale

By Andrew Khouri
August 18, 2015

The Southern California housing market is enjoying a summer almost as hot as the weather.

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Iddo Benzeevi

City staff and developer Iddo Benzeevi offer to the council their vision of thousands of local jobs and a hub of logistics activity — “the gateway to America,” Benzeevi said.

Published: Aug. 17, 2015 – Updated: 11:17 p.m.

Moreno Valley began weighing two contrasting visions of the city’s future Monday, Aug. 17, as the City Council took up the proposed World Logistics Center mega-warehouse.

To read article by Imran Ghori in The Press-Enterprise, click here.

InlandPolitics: Inland Empire warehouse addiction continues

Howard Warehouse - Redlands

Monday, August 17, 2015 – 09:00 a.m.

The non-stop construction of warehouse properties in the Inland Empire is moving at a break-neck pace.

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The Press-Enterprise: MORENO VALLEY: Pact details warehouse costs

World Logistics Center

An artist’s rendering shows the World Logistics Center, which is proposed for Moreno Valley’s eastern end.

Published: August 14, 2015
Updated:   August 15, 2015 – 8:57 p.m.

  • Developer Highland Fairview would pay for upgrades inside the World Logistics Center, but funding for nearby work is less clear.

As a vote nears on the massive World Logistics Center warehouse, a big question has lingered.

Who would pay for the new streets, wider freeway interchanges and other improvements needed to serve the complex?

To read article by Imran Ghori in The Press-Enterprise, click here.

Jeff McDonald

By Jeff McDonald | Noon Aug. 15, 2015

When Southern California Edison replaced the steam generators at the San Onofre nuclear plant, state regulators allowed the utility to start billing customers for the upgrade without the benefit of what’s called a “reasonableness review.”

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National Security Agency

The National Security Agency’s headquarters in Fort Meade, Md. The agency has gotten access to billions of emails with the cooperation of AT&T. (Credit: Saul Loeb/Agence France-Presse — Getty Images)

By Julia Angwin, Charlie Savage, Jeff Larson, Henrik Moltke, Laura Poitras and James Risen
August 15, 2015

The National Security Agency’s ability to spy on vast quantities of Internet traffic passing through the United States has relied on its extraordinary, decades-long partnership with a single company: the telecom giant AT&T.

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Haggen

By Shan Li
August 14, 2015

Haggen Inc., the grocery chain that has struggled since rapidly expanding this year, is closing 27 stores, including 16 supermarkets in California.

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Lou Desmond

August 14, 2015 – 05:00 p.m.

The Lou Desmond and Company Show is broadcasting from the Toyota of San Bernardino Recording Studios!

On the show today, Ed Hoffman, owner of Wholesale Capital Corporation, joins the show to talk with Lou about the World Logistics Center, a massive warehouse project proposed in Moreno Valley.

Read the rest of this entry »

Gas Prices

Friday, August 14, 2015 – 08:30 a.m.

Oil companies just can’t help themselves when it comes to sticking it to Southern California drivers.

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calpers

calstrs

By Dean Starkman
August 13, 2015

California’s two major public pension funds, the biggest in the nation, lost a total of more than $5 billion on energy-related investments for their fiscal years, ended June 30, according to a new report.

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The Los Angeles Times: California braces for falling yuan’s ripples

Currency exchange board showing cross rates between various countries

By Shan Li, Samantha Masunaga and Andrew Khouri
August 12, 2015

At the Beverly Center on Wednesday, a clutch of Chinese tourists spilled out of a bus and into the upscale mall, ready to snap up Gucci purses and Nike sneakers.

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Fitch-Rating

Fitch Ratings says it will be watching the outcome of the tentative agreement between L.A. and Ontario.

Published: Aug. 11, 2015 – Updated: 4:23 p.m.

Fitch Ratings said Tuesday that the tentative agreement between Ontario and Los Angeles to return Ontario International Airport to Inland control will stabilize ONT, “but there remain lingering credit issues.

To read article by Richard K. De Atley in The Press-Enterprise, click here.

NFL

Commissioner Roger Goodell and the NFL team owners met in Illinois on Tuesday to review the presentations of the competing L.A.-area stadium plans.

By Sam Farmer
August 11, 2015

Relocation-minded NFL teams made their pitches Tuesday, but it will take months to know how well they performed.

Read the rest of this entry »

Under Employed

Capitol Alert
By Dan Walters
dwalters@sacbee.com
August 11, 2015

  • Unemployment rate has climbed out of the cellar
  • However, by other measures state still lagging
  • Los Angeles County labor picture especially dark

Although California’s official unemployment rate climbed out of the cellar during the year that ended June 30, it still had the nation’s second highest rate of total “labor underutilization,” according to a new federal government report.

Read the rest of this entry »

The San Diego Union-Tribune: Ratepayer group: Scrap San Onofre deal

Jeff McDonald

By Jeff McDonald
Aug. 10, 2015 – Updated –  5:07 p.m.

  • State office says customers are not getting fair shake from utility commission judge

Another consumer group that negotiated the $4.7 billion settlement of San Onofre shutdown costs backed away from the agreement Monday, withdrawing support from the deal that charges customers 70 percent of the tab for the nuclear plant’s failure.

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Los Angeles Olympics

The Olympics last came to Los Angeles in 1984, when the city refused to sign a guarantee that it would cover financial overruns. (Ken Hively / Los Angeles Times)

By Peter Jamison
August 11, 2015

Los Angeles is close to reaching an agreement with the U.S. Olympic Committee to be America’s candidate for the 2024 Summer Games, pledging to host the event at a projected cost of approximately $4 billion and offering a guarantee that the city would cover any financial overruns, officials involved with the bid said Monday.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
August 9, 2015

  • City regains ownership of Ontario International
  • But airport, once run by Los Angeles, is still struggling
  • A San Diego deal might make it work

So, Ontario is getting its airport back. What now?

The small San Bernardino County city built the airport as World War II was beginning, allowed it to be used as a military training base during the war and resumed civilian traffic afterward.

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InlandPolitics: To sum it up – Gas prices were manipulated

Gas Prices

Sunday, August 9, 2015 – 10:30 a.m.

The California Energy Commission issued its latest refinery activity report on Wednesday, and it was essentially the same as the past four weeks.

Read the rest of this entry »

San Onofre Nuclear Power Plant

IE Business Daily

August 8, 2015

Why don’t our elected officials or the media care?

The shutdown of the San Onofre Nuclear Generation plant permanently eliminated over 2000 Megawatts of electrical power from California’s electricity supplies. This is approximately 20 percent of Southern California’s total electrical energy supply.

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The San Diego Union-Tribune: Third man from Poland meeting speaks

Michael Peevey - Poland

The Hotel Bristol Warsaw, where state regulators met with a utility executive.

By Jeff McDonald | Aug. 6, 2015 – 5:37 p.m.

  • Witness says Edison executive presented San Onofre settlement vision

The third man in the room for a secret meeting in Poland two years ago says in a sworn declaration that the Southern California Edison executive at the hotel actively participated in the undisclosed talks about the failed San Onofre nuclear plant failure.

Read the rest of this entry »

Daily Bulletin: Report highlights overly high gas prices in California

Gas Prices

A new report from Consumer Watchdog reveals that since California’s record gasoline price spike began in February, Californians have paid $4.8 billion more than the rest of the nation for regular gasoline. (Chuck Bennett/Torrance Daily Breeze/File)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 08/05/15 – 7:12 PM PDT |

BY THE NUMBERS
A new report from Consumer Watchdog shows that Californians are getting gouged at the pump.
  • Californians have paid more than $4.8 billion more than the rest of the country for regular gasoline since the price spike began in February.
  • Refiner margins — the amount of money they collect for each gallon of gasoline — set a record for California in July at $1.61 for branded stations.
  • Valero’s California profits hit $294 million during the second quarter of 2015 — 11 times more than a year earlier.
  • Californians often pay $1 more per gallon for gas than the national average.
Source: Consumer Watchdog

Southland motorists are used to getting gouged at the pump.

Read the rest of this entry »

Michael Peevey

At a March 2013 private meeting between a utility executive and then-president Mike Peevey of the California Public Utilities Commission, a framework for the San Onofre closure deal was discussed.

By Jeff McDonald | Aug. 5, 2015 – 6:36 p.m.

  • Advocates are seeking $34 million or more in penalties for undisclosed meetings

Southern California Edison on Wednesday was found to have violated rules prohibiting backchannel communications at least 10 times in its dealings with regulators over the failed San Onofre nuclear plant.

Read the rest of this entry »

The Press-Enterprise: ONTARIO: Fox personality will speak at Inland forecast

Melissa Francis

Fox Business Network’s Melissa Francis will be the featured speaker at the sixth annual Inland Empire Economic Forecast Conference, Sept. 24 at Citizens Business Bank Arena.

Published: Aug. 4, 2015 – 12:15 p.m.

Fox Business Network’s Melissa Francis will be the featured speaker at the sixth annual Inland Empire Economic Forecast Conference.

To read expanded brief by Fielding Buck in The Press-Enterprise, click here.

IE Business Daily: Antidevelopment Fervor Reincarnated in East Valley

IE Business Daily

August 1, 2015

New housing construction in east San Bernardino Valley has carefully and methodically reemerged from the recession. Encouraged by record low interest rates, lower developable land prices, and higher housing demand, local leaders in the housing industry are again building houses.

Read the rest of this entry »

InlandPolitics: California gasoline shortage never materialized

Gas Prices

Saturday, August 1, 2015 – 09:30 a.m.

The latest in-state oil refinery numbers, released Wednesday by the California Energy Commission, point to only one conclusion.

Read the rest of this entry »

Gas Prices

The recent surge in regional fuel prices has left L.A. area drivers paying the nation’s highest average for a gallon of gas. (Jerome Adamstein / Los Angeles Times)

By Ivan Penn
July 31, 2015

Oil refinery profits set a California record of $1.61 a gallon in July as consumers in the Los Angeles region paid as much as a dollar more than the rest of the nation.

Read the rest of this entry »

The Press-Enterprise: UCR: Study calls warehouse jobs low-paying

Logistics

UC Riverside researchers call for better pay and health care for warehouse workers.

Published: July 30, 2015 – Updated: 11:02 p.m.

  • Average hourly pay for blue-collar warehouse employee: $10.05
  • Employed through temporary staffing agency: 63 percent.
  • Average length of employment: 28 months.

While Inland cities are increasingly looking to the logistics industry for economic growth, two recent studies by University of California, Riverside researchers say the mainly blue-collar employees who work at warehouses are paid poorly and lack proper access to health care.

To read expanded article by Imran Ghori in The Press-Enterprise, click here.

Wage Growth

Markets | Fri Jul 31, 2015 – 9:21am EDT
WASHINGTON | By Lucia Mutikani

U.S. labor costs in the second quarter recorded their smallest increase in 33 years amid tepid gains in the private sector, but it likely was a temporary setback against the backdrop of diminishing labor market slack.

Read the rest of this entry »

Photo: Valero refinery

Valero Energy said operating income from its two California refineries soared to $295 million in the second quarter, or more than 11 times the $24 million earned a year earlier. (Christina House / For The Times)

By Ivan Penn
July 30, 2015

California’s sky-high gasoline prices translated into a big second-quarter profit for refiner Valero Energy Corp.

Read the rest of this entry »

InlandPolitics: Economy: GDP up 2.3% in second quarter

Economy

Thursday, July 30, 2015 – 07:30 a.m.

The U.S. Commerce Department reading on the U.S. economy reflected a mediocre climate.

Read the rest of this entry »

Los Angeles Times: Edison seeks almost $7.6 billion in damages for nuclear plant

San Onofre

The San Onofre nuclear power plant closed in 2013 because of faulty steam generators. (Mark Ralston / AFP/Getty Images)

By Ivan Penn contact
July 28, 2015

Southern California Edison is seeking almost $7.6 billion from the Japanese manufacturer of the faulty steam generators that led to the permanent shutdown of the San Onofre nuclear power plant.

Read the rest of this entry »

InlandPolitics: Really! Another healthcare giant?

AnthemBlueCrossLogo

Saturday, July 25, 2015 – 09:00 a.m.

Really! Another larges-scale merger, this time in the healthcare industry, and it’s supposed to be a good thing.

Read the rest of this entry »

Haggen

California’s grocery industry is one of the most competitive in the nation and newcomer Haggen Inc., which opened 83 California supermarkets including this one in Torrance earlier this year, appears to be losing traction.

By Kevin Smith, San Gabriel Valley Tribune
Posted: 07/24/15 – 5:34 PM PDT |

California’s grocery industry is among the most competitive in the nation and newcomer Haggen Inc., which opened 83 California supermarkets earlier this year, is rapidly finding that out.

Read the rest of this entry »

InlandPolitics: Crude oil continues fall, California gas prices barely move

Gas Prices

Friday, July 24, 2015 – 09:00 a.m.

Crude oil prices continued falling on Friday morning, with the price for a barrel of West Texas Intermediate Crude Oil hitting a low of $47.96.

However, California retail gasoline prices have barely budged.

Read the rest of this entry »

Citizens Business Bank

Citizens Business Bank’s Ontario-based parent company reports $26.8 million in net 2Q 2015 income, the 153rd consecutive quarter of profitability.

Published: July 23, 2015 – 2:36 p.m.

CVB Financial Corp., and its subsidiary Citizens Business Bank, reported $26.8 million in net income for the April-through-June quarter of 2015.

To read article by Debra Gruszecki in The Press-Enterprise, click here.

Gas Prices

Wednesday, July 22, 2015 – 08:00 a.m.

An uptick in crude oil inventory and the impending sale of Iranian oil on the global market has kept downward pressure on prices.

Read the rest of this entry »

LA County Seal

By Abby Sewell, Jean Merl and Katie Shepherd
July 21, 2015

Organized labor won an important victory Tuesday when the Los Angeles County Board of Supervisors voted to increase the minimum wage to $15, but it now faces a more daunting political challenge: convincing other local governments to join the movement.

Read the rest of this entry »

Money

By Ivan Penn and Samantha Masunaga
July 21, 2015

As Los Angeles drivers shelled out more than $4 a gallon at the pump in recent weeks, the state’s oil refineries pocketed record amounts of money — as much as $1.17 a gallon in gross profits.

Read the rest of this entry »

InlandPolitics: Gas prices start to “inch” down

Gas Prices

Sunday, July 19, 2015 – 10:00 a.m.

California wholesale gas prices have fallen about 50 cents a gallon in the past 48-hours. But don’t wait for pump prices to fall significantly anytime soon.

Read the rest of this entry »

InlandPolitics: Newsgroup circulation numbers alarming

Newspaper

Sunday, July 19, 2015 – 10:00 a.m.

We routinely check-in on local newspaper circulation numbers to get a flavor for the financial health and continued viability of the various publications.

What we found was alarming.

Read the rest of this entry »

Gas Prices

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IE Business Daily

By IE Business Daily
Saturday, July 18, 2015

Anyone notice the price of gasoline this week? Of course, if you are like most Californians who have to drive to live (instead of living to drive like the car ads), you have noticed that the price of gas is up 80 cents a gallon in many locations. In some locations, the price is above five dollars a gallon!

Read the rest of this entry »

ExxonMobil

Exxon Mobil’s refinery in Torrance currently operates at less than 20% of its capacity after a February explosion. (Reed Saxon / Associated Press)

By Ivan Penn
July 17, 2015

The refinery that has historically produced about a fifth of Southern California’s gasoline has been crippled since a February explosion — and may stay that way for months to come.

Read the rest of this entry »

unemployment down

By Tiffany Hsu
July 17, 2015

  • Job Reports and Statistics Jobs and Workplace Job Market Unemployment and Layoffs

Job growth in California continued to hum along in June as employers added 22,900 nonfarm payroll positions from the previous month.

Read the rest of this entry »

The Lou Desmond & Company Show: Home Values Up, Donald Trump, Hillary Clinton

Lou Desmond

Friday, July 17, 2015 – 03:00 p.m.

The Lou Desmond and Company Show is coming to you from the Toyota of San Bernardino Recording Studios!

Tonight, Ed Hoffman, Doctor of Capitalism, joins the show to talk about the rising home values and sales in the Inland Empire and the shooting in Chattanooga, Tennessee. After that, they discuss Donald Trump. Ed likes him, Lou does not. But why is his popularity climbing?

Read the rest of this entry »

InlandPolitics: Still waiting for the gas shortage

A gas pump hozzle is shown in Wednesday, Aug. 4, 2010, in Portland, Ore.  Oil prices slipped toward $82 a barrel Thursday, pausing from a rally that lifted the commodity to a three-month high this week amid a weakening dollar and positive corporate earnings. (AP Photo/Rick Bowmer)

Friday, July 17, 2015 – 09:30 a.m.

Let’s just cut to the chase.

Where’s the expected major drop in California crude oil and refined gasoline production and stockpiles?

Read the rest of this entry »

Up Arrow

By Sarah Favot, Los Angeles Daily News
Posted: 07/16/15 – 7:33 PM PDT |

Fueled by an increase in home sales, the assessed value of all taxable property in Los Angeles County rose 6.13 percent in 2015 — the largest jump since 2010 — the county assessor reported Thursday.

Read the rest of this entry »

Home for sale

By Andrew Khouri
July 16, 2015

The Southern California housing market, known for its dramatic swings, is settling into a more normal, healthy pattern.

Read the rest of this entry »

Uber

Uber headquarters in San Francisco. (Eric Risberg / Associated Press)

By Laura J. Nelson, Andrea Chang and Paresh Dave
July 15, 2015

Uber — plagued by problems with regulators, drivers and taxi unions around the world — took a big blow in its home state Wednesday when an administrative judge recommended that the ride-sharing giant be fined $7.3 million and be suspended from operating in California.

Read the rest of this entry »

Lou Desmond

Wednesday, July 15, 2015 – 05:00 p.m.

The Lou Desmond and Company Show is coming to you from the Toyota of San Bernardino Recording Studios!

Tonight on the show, Lou and Rob Starr from Toro joins the show to talk about new drought mandates that are limiting the amount of turf that can be put in at homes. Is the problem the water usage or the state’s water infrastructure?

Read the rest of this entry »

Calpers

Mary Childs and Alison Vekshin
July 14, 2015 -3:51 PM PDT

  • The $300 billion fund says it earned 2.4 percent in the last fiscal year, below its 7.5 percent target rate.

The chief investment officer of the biggest U.S. pension fund is most worried about low interest rates as the California Public Employees’ Retirement System struggles to earn enough money to pay beneficiaries.

Read the rest of this entry »

Los Angeles Times: CalPERS misses its target return by a wide margin

calpers

By Dean Starkman
Monday, July 13, 2015

The California Public Employees’ Retirement System said it missed its return target by a wide margin, hurt by a sluggish global economy and an under-performing private equity portfolio.

Read the rest of this entry »

InlandPolitics: California leads gas price ranking and it’s not even close!

 Gas Prices

Monday, July 13, 2015 – 08:45 a.m.

California has skyrocketed back to the number one position on the highest gas prices in the country list.

Read the rest of this entry »

InlandPolitics: Greece, EU strike third bailout deal

Greece Bailout

Monday, July 13, 2015 – 08:40 a.m.

Greece and it’s European counterparts struck a deal for a third bailout of the beleaguered nation early Monday morning in Brussels.

Read the rest of this entry »

California Street Commerce Center

An aerial view shows the plot of land next to the 10 Freeway being developed as part of the California Street Commerce Center in Redlands, north of the 10 Freeway and west of the Splash Kingdom Waterpark. Courtesy photo — Lee & Associates

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 07/12/15 – 7:59 PM PDT |

REDLANDS >> A major industrial project is taking shape next to the 10 Freeway and adjacent to the Splash Kingdom Waterpark.

Read the rest of this entry »

InlandPolitics: Is gas pump price spike criminal?

A gas pump hozzle is shown in Wednesday, Aug. 4, 2010, in Portland, Ore.  Oil prices slipped toward $82 a barrel Thursday, pausing from a rally that lifted the commodity to a three-month high this week amid a weakening dollar and positive corporate earnings. (AP Photo/Rick Bowmer)

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Related Content:
InlandPolitics: Oil Companies stick it to California driver’s again
InlandPolitics: More gas price manipulation: This time it’s creative!

Sunday, July 12, 2015 – 11:30 a.m.

In the past 72-hours the retail price of unleaded gasoline in the Inland Empire has spiraled out of control. It’s what happens when only four companies control the gasoline refining capacity for the entire state.

Read the rest of this entry »

InlandPolitics: Oil Companies stick it to California driver’s again

Smoke and Mirrors

Related: InlandPolitics: More gas price manipulation: This time it’s creative!

Saturday, July 11, 2015 – 11:30 a.m.

California regulators and politicians talk a good game. Especially when constituents become heated over high gas prices.

Read the rest of this entry »

InlandPolitics: March Joint Powers Authority launches general aviation facility

March - Millionaire FBO

Friday, July 10, 2015 – 09:00 a.m.

The March Joint Powers Authority has officially launched its new general aviation facility and fixed base operation at March Air Reserve Base.

Read the rest of this entry »

Michael Peevey

The Hotel Bristol Warsaw, where state regulators met with a utility executive.
Shareholder says company erred in not disclosing

By Morgan Lee | 6:13 p.m. July 9, 2015

A federal lawsuit filed this week accuses two top Edison International executives of harming shareholders by failing to disclose secret meetings with California regulators regarding a $4.7 billion settlement of costs for the failure of the San Onofre nuclear plant.

Read the rest of this entry »

Photo: Valero refinery

By Kevin Smith, San Gabriel Valley Tribune
Posted: 07/09/15 – 7:57 PM PDT |

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.

Read the rest of this entry »

InlandPolitics: More gas price manipulation: This time it’s creative!

Gas Prices

Thursday, July 9, 2015 – 10:00 a.m.

There’s some new spin on a now expected rise in California gasoline prices. That’s even though the price of crude oil has taken a steep fall in the past week.

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The San Diego Union Tribune: 2 new warrants served in CPUC case

California Department of Justice

Agents seek documents at headquarters for Edison, utilities commission
Read: Search warrants for Edison and CPUC
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By Jeff McDonald | July 6, 2015 – 06:00 a.m.

The criminal investigation of the California Public Utilities Commission appears to be intensifying, with state agents serving a fresh round of search warrants at the regulators’ headquarters in San Francisco and at Southern California Edison offices outside Los Angeles.

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Gas Prices

Consumer advocates say that oil refineries’ price manipulation are to blame for California’s high oil prices. (James Quigg / AP)

By Tiffany Hsu
July 6, 2015

Filling up at the pump is often painful in California, where drivers tend to pay more for gasoline than in most other states.

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Crude OIl Chart - 070615

Monday, July 6, 2015 – 09:00 a.m.

The price of crude oil is hovering near the $54 per barrel range Monday morning, following a big drop.

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Greece

Demonstrators hold flags and banners in front of Parliament in Athens in February. (Simela Pantzartzi/EPA)

By Ylan Q. Mui
July 5, 2015 at 2:55 PM

The financial crisis in Greece has upended the lives — and livelihoods — of residents of the Mediterranean nation. The shutdown of the banking system has resulted in long lines at ATMs to withdraw a daily maximum of just 60 euros, about $67. Citizens have stockpiled food and fuel, leading to empty shelves at grocery stores and crowded gas stations. Business leaders have warned that shortages of crucial medicines could be next.

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InlandPolitics: Greece says “NO” to European Union terms

Greece Flag

Sunday, July 5, 02:45 p.m.

Greece’s European Austerity Referendum went down in flames Sunday night.

The measure was overwhelmingly rejected by Greek voters.

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interest_rates

By Tom Petruno
July 4, 2015

The last six years of extraordinarily low interest rates have been all about rewarding borrowers at the expense of savers. But that is probably coming to an end.

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