Archive for the ‘ Business ’ Category

The Lou Desmond & Company Show: The Inland Empire Economy

Lou Desmond

Thursday, January 29, 2015 – 04:30 p.m.

Tonight on The Lou Desmond & Company Show, Cliff Cummings, President of Toyota of San Bernardino, joins Lou to discuss happenings in the City of San Bernardino, National School Choice Week and the overall health of the Inland Empire economy.

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DailyBulletin: ONT airport passenger activity rises in 2014

Ontario International Airport

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 01/27/15, 12:01 AM PST | Updated: 1 day ago

ONTARIO >> Annual passenger traffic at LA/Ontario International Airport is up for the first time since 2007, according to passenger figures released by Los Angeles World Airports on Tuesday.

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BROOKE SELF
STAFF WRITER
Posted Jan. 28, 2015 @ 7:37 pm
Updated Jan 28, 2015 at 7:42 PM

ADELANTO — Geo Group Inc., a global for-profit prison operator, has decided to vacate plans to construct a 1,050-bed facility in the city, officials said Wednesday.

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federal reserve

By Jim Puzzanghera
January 27, 2015

Federal Reserve policymakers kept their benchmark interest rate near zero and reiterated a plan to be patient about future hikes, even though they issued a more upbeat assessment of the U.S. economy.

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AP: Record iPhone Sales Drive Blowout Quarter for Apple

Apple Inc.

SAN FRANCISCO — Jan 27, 2015, 5:56 PM ET
By BRANDON BAILEY AP Technology Writer
Associated Press

Apple had another blowout quarter thanks to its new plus-sized iPhones, which helped the company smash sales records for the holiday season.

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freddie-mac-fannie-mae-logo

By Jim Puzzanghera
January 27, 2015

The regulator for bailed-out housing finance giants Fannie Mae and Freddie Mac told lawmakers Tuesday that new programs to back mortgages with down payments as low as 3% had enough safeguards to make them as safe as loans with higher down payments.

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unemployment

By Dan Walters
dwalters@sacbee.com
01/27/2015 10:39 AM

Although California’s unemployment dropped fractionally to 7 percent in December, the state stands alone with the nation’s second-highest rate, exceeded only by Mississippi’s 7.2 percent.

Read the rest of this entry »

By Dan Walters
dwalters@sacbee.com
01/27/2015 12:50 PM

Although California’s industrial sector has been declining for decades and today employs just 8 percent of the state’s workers, it still generates a very large portion of the state’s economic output, a new Census Bureau report indicates.

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InlandPolitics: Private Equity looking at parent of Inland newspapers

The Sun

inland valley daily bulletin

Redlands Daily Facts

Related Posts: InlandPolitics: Newspaper decline continues

Tuesday, January 27, 2015 – 09:30 a.m.

Bloomberg is reporting that two private equity firms are taking a close look at a possible buyout of the parent company of The Sun, Inland Valley Daily Bulletin and Redlands Daily Facts newspapers.

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The Sun: Inland Empire jobless rate falls

unemployment down

By Kevin Smith, San Gabriel Valley Tribune
Posted: 01/23/15, 12:01 AM PST | Updated: 1 day ago

The Inland Empire saw a dramatic drop in unemployment last month. Its jobless rate for December was 7.2  percent, down from a revised 8  percent the previous month and 8.7  percent a year earlier, the state Employment Development Department reported Friday.

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The PE: REDLANDS: BMW moves its logistics center east

BMW

Top officials with BMW of North America were on hand Friday for the opening of a new regional parts distribution center in Redlands

Published: Jan. 23, 2015 – Updated: 5:50 p.m.

REDLANDS – Top officials with BMW of North America were on hand Friday for the opening of a new regional parts distribution center north of I-10.

The ceremony capped a two-year project of moving BMW’s warehouse operation east from Ontario.

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

Lewis-Group-of-Companies

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 01/23/15, 8:53 PM PST |

RANCHO CUCAMONGA >> The head of one of Southern California’s largest development companies predicted local economic growth in the coming year in a keynote speech in front of hundreds of real estate brokers at the Goldy S. Lewis Community Center in Rancho Cucamonga on Friday.

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DailyBulletin: Los Angeles scores legal victory in Ontario Airport lawsuit

gavel

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 01/22/15, 8:09 AM PST | Updated: 19 secs ago

RIVERSIDE >> A Superior Court judge has issued a tentative decision in favor of Los Angeles on two key aspects of lawsuit for control of L.A./Ontario International Airport.

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Lakers

By Mike Bresnahan
January 21, 2015

The Lakers were finally winners again.

They were declared the NBA’s most valuable franchise, worth $2.6 billion, according to Forbes’ annual rankings released Wednesday.

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SacBee: Judge rejects bid to keep Stockton in bankruptcy

US Bankruptcy Court

By Dale Kasler
dkasler@sacbee.com
01/20/2015 8:58 PM

A bankruptcy judge Tuesday dismissed an effort to keep Stockton mired in bankruptcy while a creditor challenges a decision that lets the city pay its CalPERS pension bills in full.

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InlandPolitics: Crude Oil continues slide, forecast to go lower

Crude Oil Chart - 01202015

(Graph Source: NASDAQ)

Tuesday, January 20, 2015 – 09:15 a.m.

The price of West Texas Intermediate Crude Oil is continuing on a downward trajectory.

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Manufacturing

The fastest-growing sectors of manufacturing in California tend to be in the higher skilled advanced-technology realm. Above, an employee assembles a server at the Z Microsystems facility in San Diego. (Sam Hodgson, Bloomberg)

By Chris Kirkham
January 19, 2015

The United States has seen a remarkable turnaround in manufacturing employment since the economy bottomed out five years ago — but California hasn’t.

Read the rest of this entry »

calpers

By Ed Mendel
Tuesday, January 20, 2015

The apparent suicide last week of Alfred Villalobos, who faced a bribery trial next month, is a sad end for a former CalPERS board member paid more than $50 million by firms seeking money from the big pension fund.

Read the rest of this entry »

The Sun: San Bernardino ranks last for job seekers in WalletHub reports

Wallet Hub

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 01/18/15, 6:08 PM PST | Updated: 1 min ago

SAN BERNARDINO >> San Bernardino has ranked last in a list of the 150 “Best and Worst Cities to Find a Job,” released by the financial information website WalletHub.

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DailyBulletin: Colonies Crossroads in Upland adds to city coffers as it grows

Colonies Crossroads

Customers enter the newly opened Chili’s restaurant in the Colonies Crossroads shopping center in Upland on Friday. Sales tax from the 1 million-square-foot “power center” rose from $1.6 million in 2012-13 to $2 million in 2013-14. (Will Lester — Staff Photographer)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 01/17/15, 9:11 PM PST | Updated: 25 secs ago

UPLAND >> The Colonies Crossroads, one of the largest shopping centers in San Bernardino County’s West End, continues to expand and increase revenue for the city.

Read the rest of this entry »

InlandPolitics: Register newspapers take another hit in December

Orange County Register
Related: InlandPolitics: Newspaper decline continues

Friday, January 16, 2015 – 06:00 a.m.

Freedom Communications, parent of The Press-Enterprise and Orange County Register ceased printing another of its publications in December.

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Inland Empire Business Journal

Friday, January 16, 2015 – 06:00 a.m.

Local publication Inland Empire Business Journal has shut down.

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InlandPolitics: San Bernardino places Carousel Mall up for sale

San Bernardino Seal

Wednesday, January 14, 2015 – 10:30 a.m.

The bankrupt city of San Bernardino has placed the dormant Carousel Mall up for sale.

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Jobs

By Associated Press
January 13, 2015

WASHINGTON — The rapid hiring that made 2014 a stellar year for job gains is showing no sign of slowing down.

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InlandPolitics: More jobs, less money

Economy

Saturday, January 10, 2015 – 11:30 a.m.

Economic news on the labor front has been incrementally better. But not great!

Here’s the boiler plate summary.

Read the rest of this entry »

DailyBulletin: ONT declines results in $2.6 billion economic loss

sam-emoticon

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 01/05/15, 7:38 PM PST | Updated: 19 secs ago

ONTARIO >> The decline in air service at LA/Ontario International Airport has resulted in a $2.6 billion loss on the region’s economy since 2010.

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InlandPolitics: Crude Oil continues plunge

Oil Collapse

Monday, January 5, 2015 – 10:30 a.m.

Crude Oil prices plunged again on Monday morning due to an ever increasing oversupply.

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Fuel Gas

State officials, energy analysts expect at-the-pump costs to increase up to 10 cents in short term

By Mark Glover
mglover@sacbee.com
01/02/2015 8:32 PM

Hours after 2015 arrived, gasoline prices in Sacramento and throughout California inched upward for the first time in weeks. Experts called the uptick a subdued response to the state’s new requirement that oil companies buy credits to offset the carbon emitted by cars and trucks.

Read the rest of this entry »

NYSE
Traders work on the floor of the New York Stock Exchange on the first trading day of 2015. (Andrew Burton / Getty Images)

By Dean Starkman
January 2, 2015

NEW YORK — Call it the Great Divide: The new year figures to be one of robust economic growth in the U.S., with slowdowns, stagnation and setbacks everywhere else in the world.

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Keystone Pipeline Oklahoma

PoliticoPro

By Andrew Restuccia
1/2/15 – 2:48 PM EST

The Senate Energy and Natural Resources Committee is set to vote on legislation approving the proposed Keystone XL oil pipeline on Thursday.

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LATimes: Prime Healthcare’s bid to buy 6 Catholic hospitals scrutinized

Prime Healthcare

By Stuart Pfeifer
January 1, 2014

Atty. Gen. Kamala D. Harris is jumping into a heated battle over the purchase of six struggling nonprofit Catholic medical centers in California by the fast-growing Ontario hospital chain Prime Healthcare Services Inc.

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LATimes: Political standoffs in D.C. could impede economic growth in ’15

U.S. Capitol

By Jim Puzzanghera
December 31, 2014

The economy boomed through most of last year, a time when the nation’s capital was devoid of major budget fights and threats of government shutdown.

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SacBee: Opinion: California’s economy a mixed bag

Dan Walters

By Dan Walters
dwalters@sacbee.com
12/30/2014 10:43 PM

California is ending the year on an economic high note, having recovered all of the jobs it lost during the Great Recession and seeing employment continuing to expand.

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 In-N-Out

In-N-Out Burger was listed higher on a recent job site’s top 50 places to work list, above Facebook, Southwest and Apple.

By Jenn Harris
December 30, 2014

The powers of an In-N-Out Double Double burger are strong. According to a survey by the job community website Glassdoor, In-N-Out is a better place to at work than Apple, and even Facebook.

Read the rest of this entry »

Orange Juice Blog

Monday, December 29, 2014 – 12:30 p.m.

Our friends at The Orange Juice Blog have penned their final compelling summation of the events surrounding two go-nowhere District Attorney investigations into a coordinated effort to engineer the sale of the Orange County Fairgrounds to developers.

Read the rest of this entry »

LATimes: Jeb Bush eases out of some businesses, such as firm helped by Obamacare

Jeb Bush

Former Florida Gov. Jeb Bush speaks in Washington in November. (Saul Loeb / AFP/Getty Images)

By Joseph Tanfani
December 25, 2014

When Jeb Bush completed two terms as governor of Florida in 2007, he reported his net worth at $1.3 million, about $700,000 less than when he took office.

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WashPost: Robust economic growth in third quarter raises hopes that a boom is on horizon

Economy

Economy
By Chico Harlan
December 23, 2014 at 8:14 PM

The U.S. economy is growing at an increasingly rapid pace, government data released Tuesday shows, raising hopes that a slow-going American recovery is transforming into a far more robust expansion.

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SFChronicle: New law could affect criminal sentences in marijuana cases

Medical Marijuana

By Bob Egelko
Published: Monday, December 22, 2014

In a sharp reversal of federal drug policy, Congress has prohibited the Justice Department from interfering with laws in California and other states that allow the medical use of marijuana. And the turnabout caught the immediate attention of federal judges, who want to know its impact on some recent criminal convictions under the federal law that classifies pot as one of the most dangerous drugs.

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Vivek Ranadive

Believing he wasn’t rewarded for ongoing efforts to keep the Sacramento Kings in Sacramento, businessman Darius Anderson has filed a civil complaint against two of the team’s owners, Vivek Ranadive and Mark Mastrov.(Dennis McCoy | Sacramento Business Journal)

Ben van der Meer
Staff Writer- Sacramento Business Journal
Dec 22, 2014, 4:00pm PST
Updated: Dec 22, 2014, 4:38pm PST

Businessman and lobbyist Darius Anderson has filed a complaint against two of the owners of the Sacramento Kings, alleging he was deceived and left out of the ownership when the team traded hands in spring 2013.

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The Sun: Inland Empire home sales expected to pick up in 2015

Home Construction

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 12/21/14, 7:35 PM PST |

The Inland Empire’s housing market — dormant for the better part of the past decade — appears to be stirring, with new construction sites sprouting throughout the region, and sales are underway in the first post-recession development in Ontario’s ambitious New Model Colony, where as many as 50,000 new homes are expected to be built over the next 20 years.

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SacBee: California saw ‘striking’ job gains in November

Jobs

State added more than 90,000 jobs in one month
By Hudson Sangree –
hsangree@sacbee.com
12/19/2014 10:00 AM | Updated: 12/19/2014 8:58 PM

Recovering from the Great Recession has been slow and uncertain for many Californians, especially in the Central Valley. But a state labor report released Friday provided evidence that the Sacramento region is now adding higher-paying jobs.

Read the rest of this entry »

LATimes: Business groups cheer Obama’s move to normalize Cuba relations

Cuba

General Motors could eventually export vehicles to Cuba, a nation filled with aging relics. (Ernesto Mastrascusa, EPA)

By Andrew Khouri
December 17, 2014

President Obama’s decision to start normalizing relations with Cuba gives American business a fresh opportunity on an island once known as a travel hub for the U.S. jet set.

Read the rest of this entry »

Inflation

By Jim Puzzanghera
December 17, 2014

Plunging gasoline costs led to the largest drop in consumer prices in six years last month and added another complication for Federal Reserve policymakers as they try to determine when to start raising interest rates.

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federal reserve

By Jim Puzzanghera,
December 17, 2014

The American economic outlook, bolstered by robust job growth and a sharp drop in gasoline prices, was boosted a little more with the Federal Reserve’s signal that it would take as long as three years to raise interests to once-normal levels.

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LATimes: Southland home prices hit plateau

For Sale

The California Assn. of Realtors is predicting prices will grow 5.2% statewide next year, the slowest pace since 2011.

By Tim Logan
December 15, 2014

After a furious run-up in home prices in 2013, the Southern California housing market flattened out this year — setting the stage for slow but steady growth next year.

Read the rest of this entry »

LATimes: Financially troubled Adelanto approves plan to build another jail

Adelanto Prison Facility

Detainees walk down a hallway at an immigrant detention facility in Adelanto. The Adelanto City Council approved an agreement to build a new 3,264-bed jail on the edge of town. (Cheryl A. Guerrero / Los Angeles Times)

By Kate Linthicum
December 13, 2014

The cash-strapped city of Adelanto, already home to three detention facilities, has approved a plan to build another.

Read the rest of this entry »

Bloomberg/Businessweek: Verizon’s New, Encrypted Calling App Plays Nice With the NSA

Cell Phone Encryption - NSA

Verizon’s New, Encrypted Calling App Plays Nice With the NSA

Bloomberg-Businessweek

By Joshua Brustein
December 11, 2014

Verizon is the latest big company to enter the post-Snowden market for secure communication, and it’s doing so with an encryption standard that comes with a way for law enforcement to access ostensibly secure phone conversations.

Read the rest of this entry »

CCTimes: House members urge AG to nix hospital sale

Prime Healthcare

By Josh Richman
Thursday, December 11th, 2014 at 12:34 pm

Rep. Mike Honda and Rep. Zoe Lofgren led 16 other California House members Thursday in urging California Attorney General Kamala Harris to reject the sale of six Daughters of Charity Health System hospitals to a for-profit company they say has a history of unfair business practices.

Read the rest of this entry »

LATimes: Disney, Koch used secret tax deals routed through Luxembourg, report says

Walt Disney Company

A investigative news report said Walt Disney Co. was among more than two dozen firms that engaged in complex deals in Luxembourg to avoid U.S. taxes.

By Dean Starkman
December 10, 2014

Walt Disney Co., giant conglomerate Koch Industries Inc. and other companies channeled hundreds of millions of dollars in profits through units based in Luxembourg in secret deals designed to avoid paying U.S. taxes, according to a new report.

Read the rest of this entry »

VVDailyPress: BREAKING: Victorville opposes Adelanto jail plan

Victorville

City urges delay amid call for talks, volunteers to help change property tax formula

SHEA JOHNSON
STAFF WRITER
Posted Dec. 9, 2014 @ 6:55 pm
Updated Dec 9, 2014 at 6:58 PM

VICTORVILLE — Calling for a valleywide discussion regarding the number of correctional facilities in the area, the city announced late Tuesday that it was “fundamentally opposed” to a proposed prison to house Los Angeles County inmates near the Adelanto-Victorville border.

Read the rest of this entry »

VVDailyPress: Prime Healthcare plans IPO by 2017 amid fast-moving expansion, CEO says

Prime Healthcare Services

SHEA JOHNSON
STAFF WRITER
Posted Dec. 8, 2014 @ 5:17 pm
Updated Dec 8, 2014 at 5:21 PM

VICTORVILLE — Prime Healthcare CEO Dr. Prem Reddy said Monday that the fifth-largest hospital system in the U.S. plans to go public in the next two to three years.

Read the rest of this entry »

VVDailyPress: SCLA buildout continues

SCLA

By STAFF REPORTS
Posted Dec. 8, 2014 @ 4:08 pm
Updated Dec 8, 2014 at 4:11 PM

VICTORVILLE — The largely occupied Southern California Logistics Airport is going to boast a new industrial building on 22 acres that will help provide additional space to accommodate demand, a joint venture company announced Monday.

Read the rest of this entry »

freddie-mac-fannie-mae-logo

On Monday, Fannie Mae and Freddie Mac announced details of programs to back mortgages with down payments as low as 3%.

By Jim Puzzanghera, E. Scott Reckard
December 9, 2010

Housing finance giants Fannie Mae and Freddie Mac on Monday detailed plans to once again back mortgages with down payments as low as 3%, saying the move to make home ownership more accessible contains safeguards to protect against abuses that led to the subprime housing market crash.

Read the rest of this entry »

InlandPolitics: Newspaper decline continues

newspaper

Saturday, December 6, 2014 – 11:00 a.m.

The sad steady decline in newspaper circulation continues to pressure publications nationwide, and in the Inland Empire.

Read the rest of this entry »

The Sentinel

By Richard Sierra, Business Manager
Laborers International Union of North America, Local 783
Posted on December 5, 2014

(December 2) Recently, Congressman Paul Cook sent a letter to the US Department of the Interior recommending against any further federal environmental review of the water project proposed by local renewable resources company Cadiz, Inc. This new position of support by Congressman Cook is a logical and positive change; one that promotes economic growth, jobs and safe water resource conservation. It is a welcome development for those of us fighting for sustainable economic development in the Inland Empire.

Read the rest of this entry »

LATimes: Southland adding jobs at rapid pace but many have low pay, reports say

Best Buy

Projections show that more than 70% of total job openings through 2018 will be in occupations that require no college degree, including those in retail. Above, employees of a Best Buy store in Culver City hand out coupons to shoppers waiting in line on Thanksgiving. (Marcus Yam, Los Angeles Times)

Andrea Chang
December 4, 2014

Southern California job creation has grown rapidly over the last two years, but the recovery has been dominated by lower-paying service jobs in retail and food services, according to new research.

Read the rest of this entry »

LATimes: O.C. Register, Riverside Press-Enterprise lay off 100 employees

Orange County Register

The Press-Enterprise

Orange County Register Publisher Richard Mirman said in a memo to employees that layoffs at the Register and Riverside Press-Enterprise are part of an attempt “to ‘right size’ the business back to appropriate levels.”

Freedom Communications lays off 100 employees
By Tiffany Hsu contact the reporter

Freedom Communications, the parent company of the Orange County Register and the Riverside Press-Enterprise, is laying off about 100 non-newsroom employees Wednesday.

Read the rest of this entry »

Tax Cut

By Jim Puzzanghera
December 3, 2014

The House overwhelmingly approved a one-year extension of $45 billion in tax breaks, mostly for businesses, after bipartisan efforts on a longer-term extension fell apart close to deadline.

Read the rest of this entry »

The PE: ONTARIO: Passenger numbers rise again at airport

Ontario International Airport

Ontario International Airport reports more passengers, with Aeromexico and Volaris flights to Guadalajara contributing to the uptick. The airport saw 3.42 million travelers from January to October, compared to 3.28 million last year. (David Bauman – Staff Photographer)

Published: Dec. 1, 2014 Updated: 8:36 p.m.

Passenger use at Ontario International Airport continues to rise, with a 4.11 percent increase since the first of the year, while October had the largest single-month increase of 2014, at 7.68 percent.

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

LATimes: Lower oil prices will help U.S. economy, two top Fed officials say

Oil Well

An oil well near Tioga, N.D., in August 2013. (Karen Bleier / AFP/Getty Images)

By Jim Puzzanghera
December 1, 2104

Two top Federal Reserve policymakers said Monday that falling oil prices will help the U.S. economy even though the drop adds to concerns about low inflation.

Read the rest of this entry »

LATimes: Black Friday weekend sales slump amid holiday bargain marathon

down-arrow

Total spending during the Black Friday shopping weekend was forecasted to drop to $50.9 billion, down from $57.4 billion last year.

By Shan Li and Javier Panzar
November 30, 2014

Holiday promotions that debuted as early as October led to a sharp decrease in Black Friday weekend sales, as some consumers took a breather from buying, according to industry data released Sunday.

Read the rest of this entry »

The Sun: Fired San Bernardino County union head responds to embezzlement allegations

SBPEA

By Joe Nelson, The Sun
Posted: 11/27/14, 11:13 AM PST |

The former general manager of the San Bernardino County Public Employees Association, responding to a lawsuit filed against him by the union, denies allegations he misappropriated or embezzled hundreds of thousands of dollars.

Read the rest of this entry »

NYSE Floor Trader

Reuters/Reuters – A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014. (REUTERS/Lucas Jackson)

By Lionel Laurent | Reuters – Fri, 28 Nov, 2014

LONDON (Reuters) – A fresh slide in the price of crude wiped tens of billions of dollars off oil companies’ market value on Friday and signalled an end to the sector’s safe-haven status, as fears mounted over future profits and dividend payouts.

Read the rest of this entry »

LATimes: Lackluster consumer income and spending point to a slowing economy

Retail Sales

Consumers are in a buying mood, economists said, but they’re limiting spending because their incomes are not rising very fast. Above, accessories are displayed for sale at a store in New York. (Victor J. Blue / Bloomberg)

By Jim Puzzanghera
November 26, 2014

The economy just posted its best six-month stretch in 11 years, the labor market is on a record streak of job creation and gas prices are falling. But consumers — a key driver of U.S. economic growth — have not yet fully joined the party.

Read the rest of this entry »

LATimes: Economy grows at stronger-than-expected 3.9% pace in third quarter

Ford Dearborn Assembly Plant

Ford F-150s move along the production line at the Dearborn Truck Plant in Dearborn, Mich., on Nov. 11. (Paul Sancya / Associated Press)

By Jim Puzzanghera
November 25, 2014

The economy grew faster in the third quarter than initially thought, expanding at a solid 3.9% annual rate, the Commerce Department said Tuesday.

Read the rest of this entry »

Bloomberg: California Pension Fund Bonus Payouts Climb 14% From Prior Year

calpers

By Michael B. Marois
Nov 24, 2014 – 10:49 AM PT

The $300 billion California Public Employees’ Retirement System, the largest U.S. public pension, paid $9 million in bonuses last fiscal year, up 14 percent from a year earlier as earnings exceeded benchmarks.

Read the rest of this entry »

InlandPolitics: Opinion: Waiting for the other shoe to drop on Prisonville

hour-glass

Saturday, November 22, 2014 – 12:00 p.m.

It really looks as if Prisonville, commonly known as the city of Adelanto, is going to welcome construction of a couple more private prison facilities.

Read the rest of this entry »

Cocaine

Thursday, November 20, 2014 – 01:30 p.m.
Last Modified: Saturday, November 22, 2014 – 11:15 a.m.

It appears a player in Inland Empire political races “quietly” hit a bump in the road last year.

Read the rest of this entry »

unemployment

By Tiffany Hsu
November 21, 2104

The California unemployment rate held steady at 7.3% in October, even as the state generated the largest increase in jobs in the nation.

Read the rest of this entry »

The Sun: Adelanto Council approves two more prisons

Prisonville

By Joe Nelson, The Sun
Posted: 11/20/14, 12:25 AM PST | Updated: 47 secs ago

ADELANTO >> The City Council late Wednesday night and early Thursday morning tentatively approved a fourth and fifth private prison in this High Desert community, which will bring with them six additional sheriff’s deputies for the city.

Read the rest of this entry »

$3.3 Billion

That’s how much customers must pay for nuclear power plant’s closure.

BY AARON ORLOWSKI / STAFF WRITER
Published: Nov. 20, 2014 Updated: 11:24 p.m.

Electricity customers will pay $3.3 billion for the premature closure of the San Onofre nuclear power plant, according to a settlement approved Thursday.

Read the rest of this entry »

LATimes: Southland employers expect 4.8% hike in health-benefit costs

Kaiser Permanente

Kaiser Permanente covers 7.3 million Californians. A company official said the HMO’s rate hikes for employers are running slightly below the 5% trend nationally and in California. (Bryan Chan / Los Angeles Times)

By Chad Terhune
November 19, 2014

Southern California employers expect their health-benefit costs to rise 4.8% next year as the economy recovers and mandates under the federal health law kick in, a new survey shows.

Read the rest of this entry »

InlandPolitics: Victorville SEC case has murky undercurrent

Victorville
Note: This is the first in a series of several related posts

Sunday, November 16, 2104 – 12:00 p.m.

Unsettling information pretaining to onging civil litigation involving the 2008 sale of bonds related to the construction of four large aircraft maintenance hangars at Victoville’s Southern California Logistics Airport (SCLA) has started to go public.

Read the rest of this entry »

IEBusinessDaily: San Bernardino Continues Self-Immolation

Inland-Empire-Political-News-Political-Whispers

IE Business Daily

November 15, 2014

The City of San Bernardino has a long history of rejecting private investment opportunities within her boundaries. Opposition to private development both large and small have ranged from objections to minor land use changes to the adoption of strict foothill development codes to rejection of the reuse of existing railroad right of ways for an intermodal facility at former Norton Air Force Base.

Read the rest of this entry »

Ontario International Airport

A passenger jet on approach to L.A./Ontario International Airport. (Staff file photo)

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 11/14/14, 1:28 PM PST | Updated: 54 secs ago

Admitting fault, attorneys for Ontario contended Friday that the Ontario airport never was sold to Los Angeles because the procedures followed by the local electors were flawed.

Read the rest of this entry »

Orange County Register

Newspaper boxes outside the Orange County Register in Santa Ana. (Don Bartletti / Los Angeles Times)

By Andrew Khouri
November 14, 2014

The Orange County Register is now asking its reporters and other staff members to deliver papers.

Read the rest of this entry »

UTSanDiego: Why millennials don’t buy homes

Millennials

By Jonathan Horn
Nov. 14, 2014 – 01:47 p.m.

Whether it’s a scar from the Great Recession, being overwhelmed with student loan debt, or having the ability to move for a career, America’s generation of young professionals just aren’t buying homes the way their parents did, a UBS executive said in La Jolla Thursday.

Read the rest of this entry »

SacBizJournal: California moves up slightly on Forbes best states for business list

Forbes

Allen Young, Staff Writer
Sacramento Business Journal
Nov 12, 2014 – 2:37pm PST

Although the state’s political stage is still filled with bickering over whether the California comeback is real, another economic snapshot has reinforced some optimism: California has advanced two slots to No. 37 on the Forbes ” Best States for Business and Careers” list.

Read the rest of this entry »

For Sale

After years of boom and bust, home prices and sales in Southern California are now responding to the very thing they should: job and income growth, not loose lending standards or investors, economists and real estate analysts say.

By Andrew Khouri
November 12, 2014

The Southern California housing market took a step back last month, as home sales fell and price gains slowed. But homeowners shouldn’t despair and would-be buyers might even rejoice, analysts say.

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repeal

By Kevin Drawbaugh
Wed Nov 12, 2014 – 6:53pm EST

Washington–

(Reuters) – Republicans in the U.S. Congress will soon move to kill a medical device tax imposed less than two years ago under President Barack Obama’s healthcare law, congressional aides and analysts said on Wednesday.

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InlandPolitics: Local newsroom troubles again

Editing

Monday, November 10, 2014 – 08:45 a.m.

More troubles emerge in a local Inland Empire newsroom.

Once again, pressure is being exerted to kill or undermine stories affecting certain politicos.

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LATimes: Job gains were solid in October but wage growth still lags

Economy

By Jim Puzzanghera
November 7, 2014

October’s solid labor market growth of 214,000 net new jobs helped push the unemployment rate to a six-year low, but wasn’t strong enough to boost workers’ wages significantly, economists said.

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DailyBulletin: Stifel emerges as the largest public finance group in California

Stifel Financial

By Kevin Smith, San Gabriel Valley Tribune
Posted: 11/06/14, 5:13 PM PST |

Edward De La Rosa knows a thing or two about selling bonds.

As founder and president of Los Angeles-based De La Rosa & Co., he has helped entities like the University of California, the city of Los Angeles and Los Angeles International Airport obtain funds to build needed projects.

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LATimes: First-time home buying hits lowest level in nearly three decades

Home for sale

A home for sale in Huntington Beach in May. Just one-third of homes bought this year went to first-time buyers, the lowest rate since 1987. (Bryan Chan / Los Angeles Times)

Tim Logan
November 3, 2014

First-time home buyers aren’t buying homes like they used to.

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LATimes: U.S. economy shows solid growth, but it’s about to be tested

Economy

Consumer spending, which accounts for about two-thirds of U.S. economic activity, increased at a modest annual rate of 1.8% in the third quarter.

By Don Lee
October 30, 2014

The U.S. economy is showing steady, solid growth despite the shaky global environment, but its resilience will be tested in the coming months.

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