Archive for the ‘ Finance ’ Category

InlandPolitics: S.B. County: Nurses contract ratified

CNA

Thursday, April 23, 2015 – 10:00 p.m.

All sides of a contract dispute affecting San Bernardino County Nurses and Per Diem Nurses have given their blessing to a new contract that will run through July 2017.

Read the rest of this entry »

California Capitol

Andrew Nixon / Capital Public Radio

Capital Public Radio

Ben Adler
Thursday, April 23, 2015 | Sacramento, CA |

California tax revenues have soared past projections for the critical month of April – with several days yet to go. But the state’s overall budget situation is very much still up in the air.

Read the rest of this entry »

Home Construction

The slow pace of homebuilding will hurt California by driving millennials out of state to buy, according to a gloomy assessment by California Association of Realtors CEO Joel Singer. (Dennis McCoy | Sacramento Business Journal)

Ben van der Meer
Staff Writer-Sacramento Business Journal
Apr 23, 2015 – 2:28pm PDT

The slow pace of homebuilding will hurt California by driving millennials out of state to buy, according to the CEO of the California Association of Realtors.

Read the rest of this entry »

Lou Desmond

Monday, April 20, 2015 – 05:00 p.m.

Tonight on the show, Lou is joined by Estimable Economist Jay Prag to talk about several issues related to the Inland Empire Economy. First up is the logistics and warehousing industry in the Inland Empire. Will logistics be the key to economic revival in the IE?

Read the rest of this entry »

Dan Walters

Dan Walters
Observations on California and its politics
By Dan Walters
dwalters@sacbee.com
04/20/2015 – 12:01 AM

California is the nation’s most populous state with about 39 million residents, while Texas is No. 2 at 27 million.

Read the rest of this entry »

Inland Empire Warehouses

Riverside and San Bernardino counties have become a strategic link in the global supply chain. Above, Yolanda Guevara, who operates a cherry picker, fills an order at Pacific Mountain Logistics warehouse in Ontario. (Irfan Khan, Los Angeles Times)

By Chris Kirkham
April 17, 2015

Pilar Guzman has worked for five years in a warehouse that processes luggage arriving from China and bound for the likes of Wal-Mart, Macy’s and Kohl’s.

Read the rest of this entry »

U.S. Capitol

By Jim Puzzanghera
April 17, 2015

Despite optimistic talk from Democrats and Republicans about overhauling the tax code, General Electric Co. recently showed that corporate executives aren’t holding their breath for a bipartisan deal any time soon.

Read the rest of this entry »

Sacramento Bee: California almond growers to expand orchards, despite drought

 Finger

By Dale Kasler
dkasler@sacbee.com
04/16/2015 11:25 PM

Almond orchards have become ground zero in the debate over California’s epic drought, the focal point of criticism that agriculture uses too much water.

The response? More almond trees.

Read the rest of this entry »

NFL- Carson

A rendering of the new football stadium proposed for Carson by the owners of the San Diego Chargers and Oakland Raiders. (Manica Architecture)

By Sam Farmer, Nathan Fenno and Tim Logan
April 16, 2015

Representatives of proposed stadium projects in Carson and Inglewood met with NFL executives Thursday as the competition to return the league to the Los Angeles area continued.

Read the rest of this entry »

The Sun: State of San Bernardino County hits on job growth, development

San Bernardino County

Elected San Bernardino County officials applaud during opening remarks Wednesday evening April 15, 2015 at the annual State of the County event at Citizens Business Bank Arena in Ontario. (Will Lester/Staff Photographer)

By Joe Nelson, The Sun
Posted: 04/15/15 – 8:41 PM PDT |

ONTARIO >> The job and real estate markets are growing in the Inland Empire. Credit is expanding, banks are lending more with the economy rebounding, and there is plenty of vacant land available for residential, commercial and industrial development.

Read the rest of this entry »

LAO

By Chris Megerian
April 14, 2015

California’s drought has threatened farmers, ski resorts and golf courses, but it’s unlikely to do much damage to the state’s overall economy or budget, according to a new report.

Read the rest of this entry »

calpers

Capitol Alert
The go-to source for news on California policy and politics
By Dale Kasler
dkasler@sacbee.com
04/14/2015 5:54 PM

CalPERS is about to raise pension contribution rates again, this time by more than 9 percent, a move that will cost state government and local school districts nearly $600 million.

Read the rest of this entry »

John Scott

Sachi Hamai, right, then-executive officer to the Los Angeles Board of Supervisors, administers the oath of office to interim Sheriff John Scott on Jan. 30, 2014. Hamai is now the county’s interim chief executive officer and Scott has been replaced by Sheriff Jim McDonnell. (Allen J. Schaben)

By Abby Sewell
April 13, 2014

Los Angeles County officials plan to spend more than $100 million over the next year to reduce abuses in the county’s crowded jails, improve treatment of mentally ill inmates and divert others with mental health issues from entering lockups.

Read the rest of this entry »

The Sun: Massive office space sale sets record in Inland Empire

Lakeside Tower

Lakeside Tower is among 17 buildings that are part of the Tri-City Corporate Centre complex that was sold to new owners as part of the largest office space in Inland Empire history, according to the real estate brokerage firm CBRE. (Courtesy photo)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 04/12/15, 7:48 PM PDT

In another sign of the region’s rebounding economy, the largest sale of office space in Inland Empire history, according to CBRE, the Los Angeles-based real estate brokerage company that facilitated the deal, closed last month.

Read the rest of this entry »

California Public Radio: California Revenues Strong In March

California Seal

Katie Orr
Friday, April 10, 2015 | Sacramento, CA

The California Controller reports today General Fund revenues for March came in $547 million above projections.

Read the rest of this entry »

Capitol Weekly: A move to restore suspended driver’s licenses

Unpaid Fines

By John Howard
Posted 04.08.2015

With one in six California drivers – about 4.2 million people — having suspended licenses because they can’t pay court fines, a lawmaker has proposed reducing the suspensions in non-violent cases and setting up an amnesty program to help motorists.

Read the rest of this entry »

calpers

By Ed Mendel
April 9, 2015

Actuaries recommend a $487.2 million annual increase in state payments to CalPERS in the new fiscal year that begins in July, an increase for state worker pensions of about 10 percent to $4.9 billion.

Read the rest of this entry »

InlandPolitics: Crude Oil prices under pressure as gas prices snail downward

Crude OIl

Wednesday, April 8, 2015 – 09:00 a.m.

Energy traders must have had a good time over the past week.

Read the rest of this entry »

Dan Walters

Dan Walters
Observations on California and its politics
dwalters@sacbee.com
04/07/2015 – 8:27 PM

April is the most important month for the state budget, due to its over-reliance on personal income taxes, and every indication points to a strong flow of revenues. But it creates a political problem for Gov. Jerry Brown.

Read the rest of this entry »

Gas Prices

By Tiffany Hsu
April 8, 2015

An ongoing glut of crude oil will give U.S. drivers this summer the lowest seasonal gasoline prices in six years, the government predicts.

Read the rest of this entry »

Lou Desmond

Monday, April 6, 2015 – 04:30 p.m.

Tonight Jay Prag, estimable economist, joins Lou, on the Lou Desmond and Company Show. They talk about the NCAA championship game and a few cultural aspects of it. Then they discuss good and evil in light of the recent holiday and the resurgence of biblical themes in media.

Read the rest of this entry »

Los Angeles Times: Soaring dollar puts the world on sale for Americans

Dollar Currency

Dollar travels far for Americans abroad

Markets expert Tom Petruno says the strong dollar puts the world on sale for American travelers.
By Tom Petruno
April 4, 2015

Americans have long complained that the dollar doesn’t buy much anymore. Suddenly, the dollar’s problem may be that it buys too much — a change that has huge implications across the global economy for consumers, businesses, investors and governments.

Read the rest of this entry »

InlandPolitics: With Fed stimulus gone, things look a little uncertain

Pricking Balloon

Saturday, April 4, 2015 – 10:30 a.m.

Remember last October, when the Federal Reserve ended the tapering down of its $85 billion a month bond-buying program?

Read the rest of this entry »

economy

By Don Lee
April 4, 2015

The sharp retreat in hiring last month to the slowest pace in more than a year reflects lost economic momentum in the U.S. — and may make the Federal Reserve more reluctant to start raising interest rates as early as June.

Read the rest of this entry »

Golf Course

Sprinklers water the grass at Gleneagles Golf Course on April 2, 2015 in San Francisco, California. Significant cuts in use will be imposed on cemeteries, golf courses and facilities with large landscapes. (Photo by Justin Sullivan/Getty Images)

By Jeff Guo
April 3, 2015

On Wednesday, California Gov. Jerry Brown took the unprecedented step of forcing urban water agencies to reduce their water use by 25 percent. Cities and towns are now prohibited from using more than three-quarters the amount of water they used in 2013. This will save an estimated 1.5 million acre-feet, or nearly 500 billion gallons of water, between now and February.

Read the rest of this entry »

Economy

Friday, April 3, 3015 – 10:00 a.m.

Economists expected non-farm payrolls to rise by 245,000 in March. It didn’t happen!

As a matter of fact the number didn’t come close.

Read the rest of this entry »

Warehouse

The Inland Empire is becoming the warehouse capital.

Friday, April 3, 2015 – 09:30 a.m.

The Inland Chorus of cheerleaders is back in full swing.

Read the rest of this entry »

Pete Aguilar

Congressman Pete Aguilar

Published: April 2, 2015 – 10:26 a.m.

Rep. Pete Aguilar, D-Redlands, was one of four Democrats and 43 first-year representatives to sign a letter to House Speaker John Boehner this week urging him to repeal a tax on medical devices tied to the Affordable Care Act.

To read post by Jeff Horseman in The P-E Political Empire Blog, click here.

METRO

By Daniel Borenstein
Posted: 04/02/2015 – 08:27:25 AM PDT
Updated: 04/02/2015 – 09:38:48 AM PDT

Unless it alters its current funding structure, CalPERS will be even more vulnerable to market losses in the next economic downturn than it was during its devastating plunge in the Great Recession.

Read the rest of this entry »

InlandPolitics: Proposed Toll Lane hijack not going unnoticed

Thief

Thursday, April 2, 2015 – 10:30 a.m.

A sleepy and mostly unnoticed agency, charged with allocating funds for San Bernardino County transportation projects, is starting to attract attention because of a controversial proposal.

Read the rest of this entry »

The Sacramento Bee: Opinion: Gas prices generate irrationality, demagoguery

Dan Walters

Dan Walters
Observations on California and its politics
By Dan Walters
dwalters@sacbee.com
04/01/2015 7:21 AM

There’s something about the ebb and flow of gasoline prices that makes ordinarily rational people go a little nuts.

Read the rest of this entry »

The Sacramento Bee: California sales tax rates going higher

California Taxes

Capitol Alert
The go-to source for news on California policy and politics
By Dan Walters
dwalters@sacbee.com
03/31/2015 10:06 PM

There’s a wide range of sales tax rates in California, some rates are increasing this week and if pending legislation is successful, the range will get even wider.

Read the rest of this entry »

Lou Desmond

Monday, March 30, 2014 – 04:30 p.m.

Tonight on the Lou Desmond & Company Show, Lou is joined by Estimable Economist Jay Prag. They discuss the premiere of Killing Jesus, which broke viewership records. Then they talk about Chik-fil-a, free speech and freedom of religion, particularly in Indiana.

Read the rest of this entry »

Dan Walters

Dan Walters
Observations on California and its politics
dwalters@sacbee.com
03/29/2015 – 07:15 PM

One of the Capitol’s perpetual debates is over how much California spends to educate its 6.2 million elementary and high school students, especially in relationship to other states.

Read the rest of this entry »

Obamacare

By Ed Mendel
March 30, 2015

Employer and employee groups are urging CalPERS to “undertake all efforts” to avoid the “Cadillac Tax,” a 40 percent tax on high-cost health plans imposed in 2018 by President Obama’s health care law, a CalPERS staff report said this month.

Read the rest of this entry »

The Press-Enterprise: REGION: Area braces for dip in road-repair dollars

Tax Cut

A cut to a state gasoline tax means less money for repaving and pothole fixes, Riverside County officials say.

Published: March 28, 2015 – Updated: 8:08 p.m.

Riverside County and its cities stand to lose millions for road repairs after a state board made a deeper-than-average cut to a gasoline tax as part of a complicated maneuver to close a state budget gap.

To read story by Jeff Horseman in The Press-Enterprise, click here.

question-mark

By Ryan Hagen, The Sun
Posted: 03/27/15, 12:01 AM PDT

RIVERSIDE >> San Bernardino’s lack of progress as the deadline to file a bankruptcy exit plan approaches is “perplexing” and shows an important contrast with other cities that have gone through bankruptcy, according to an attorney representing the city’s pension obligation bondholders who also was involved in bankruptcies in Detroit, Stockton, and Central Falls, Rhode Island.

Read the rest of this entry »

Dan Walters

Dan Walters
Observations on California and its politics
dwalters@sacbee.com
03/28/2015 – 7:35 PM

A few years ago, when it was first proposed that state “cap-and-trade” fees on carbon emissions be used for the state’s bullet train project, the Legislature’s budget analyst questioned its legality.

Read the rest of this entry »

InlandPolitics: Price tag for newspapers dwindles

The Sun

inland valley daily bulletin

Redlands Daily Facts

Friday, March 27, 2015 – 09:00 a.m.

The price tag for Digital First Media (DFM) is shrinking.

Read the rest of this entry »

U-T San Diego: CPUC set to spend $5.2M on defense lawyers

CPUC

The agency is facing three criminal probes.

By Jeff McDonald
March 26, 2015 – 6:26 p.m.

The California Public Utilities Commission has arranged to spend as much as $5.2 million on criminal-defense lawyers to respond to ongoing state and federal investigations.

Read the rest of this entry »

San Bernardino Seal

Reuters

LOS ANGELES | By Tim Reid
Thu Mar 26, 2015 – 6:28pm EDT

(Reuters) – The bankrupt California city of San Bernardino revealed on Thursday details of its deal with the state’s public pension system Calpers, in which the retirement fund will be paid in full under the city’s bankruptcy exit plan.

Read the rest of this entry »

GOP

By Jonathan Weisman
March 27, 2015

WASHINGTON — Emerging from an all-night session that contained more exhaustion than drama, Senate Republicans squeaked through a budget blueprint Friday morning that would repeal the Affordable Care Act, fundamentally remake federal health care for the poor and elderly, and push the federal deficit toward zero over the next decade.

Read the rest of this entry »

Reuters

Monday, Mar 23, 2015 – 5:57pm EDT

(Reuters) – The holdout creditor in Stockton, California’s bankruptcy case filed its opening brief in an appeal of the city’s reorganization plan on Monday, claiming “no bondholder has ever received so little in the history of municipal bankruptcy.”

Read the rest of this entry »

NFL

By Sam Farmer
March 23, 2015

Even though no teams have announced plans to relocate, and there have been no formal stadium presentations, several influential NFL owners believe a Los Angeles solution is within reach.

Read the rest of this entry »

Lou Desmond

Monday, March 23, 2015 – 04:30 p.m.

Tonight on the Lou Desmond & Company Show, Lt. Rich Lawhead, public information officer for the City of San Bernardino Police Department, joins Lou to discuss the disappearance of Sahray Barber. Hundreds of hours went into locating her. Were police intentionally mislead about her condition and whereabouts?

Read the rest of this entry »

Adelanto Logo

By BROOKE SELF
STAFF WRITER
Posted Mar. 22, 2015 at 3:50 PM

ADELANTO — About 40 former Adelanto employees and a few City Council members are named on a list of those who were grandfathered into a city policy granting free health care benefits for life, with an additional 26 former employees who stand to qualify but have not yet sought reimbursement, according to city records.

Read the rest of this entry »

Calpensions: LAO: consider phasing out retiree health care

LAO

By Ed Mendel
Monday, March 23, 2015

Gov. Brown’s plan to curb the long-ignored debt for state worker retiree health care, now much larger than their unfunded pension debt, may look familiar. It’s similar to the standard state and local government pension reform.

Read the rest of this entry »

Overtime Pay

By Judy Lin, The Associated Press
Posted: 03/22/15, 2:06 PM PDT |

SACRAMENTO >> Overtime for California’s state workers rose 20 percent last year and topped $1 billion even though there are 20,000 fewer employees than in pre-recession 2008, the last time the state paid out so much, according to new payroll data.

Read the rest of this entry »

InlandPolitics: San Bernardino risks bankruptcy dismissal

San Bernardino Seal

Sunday, March 22, 2015 – 10:30 a.m.

Just as bankrupt San Bernardino, California is starting to get its act together, comes another possible step backwards.

Read the rest of this entry »

Gas Price Watch

Sunday, March 22, 2015 – 10:00 a.m.

California motorists continue to get screwed. Even as Crude Oil prices continue to slide.

Read the rest of this entry »

Daily Bulletin: Inland Empire malls see growth as economy improves

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 03/20/15 – 8:32 PM PDT |

From west to east, as the economy improves, Inland Empire malls and shopping centers are gradually seeing a bit of a resurgence, with once empty spaces being filled, more construction and customers a little more willing to dish out some cash and some credit.

Read the rest of this entry »

unemployment down

California unemployment rate falls to 6.7% in February

By Tiffany Hsu
March 20, 2015

California’s labor market continued to gain strength in February as employers in the state added 29,400 workers.

Read the rest of this entry »

Lou Desmond

Friday, March 20, 2015

Tonight on the Lou Desmond & Company Show, Lou is joined by Ed Hoffman, president of Wholesale Capital Corporation, to discuss local news and financial news. First, missing San Bernardino Woman Sahray Barber is found safe near Los Angeles. She says she didn’t realize people were looking for her until she watched TV news last night.

Read the rest of this entry »

U.S. House of Representatives

By Josh Hicks
March 19, 2015 at 8:16 PM

A correction to the House Republican budget released this week could mean far deeper cuts for federal employees than the original document suggested, further alarming government workers and their unions already upset about hits they have taken in recent years.

Read the rest of this entry »

The Sun: Auditor: San Bernardino unlikely to meet deadline

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 03/17/15 – 6:41 PM PDT |

SAN BERNARDINO >> The city’s auditor revealed for the first time late Monday that it might be impossible to finish auditing the city’s financial statements in time for them to be used in a bankruptcy exit plan due May 30, potentially opening the city to crippling attacks by creditors.

Read the rest of this entry »

gavel

By Ryan Hagen, The Sun
Posted: 03/17/15, 2:59 PM PDT

RIVERSIDE >> A federal judge in San Bernardino’s bankruptcy case ruled Tuesday that the city can reject its bargaining agreement with the city’s police union.

Read the rest of this entry »

Jon Ortiz

The State Worker
Jon Ortiz chronicles civil-service life for California state workers
By Jon Ortiz
jortiz@sacbee.com
03/18/2015 – 4:27 PM

Unions lined up Wednesday to oppose Gov. Jerry Brown’s proposal to offer high-deductible medical coverage to state employees, suggesting it could hurt workers’ health instead of improving it.

Read the rest of this entry »

Reuters: Exclusive: San Bernardino has defaulted on $10 million in bond payments

File photo of cracked tarmac is seen in the parking lot of a largely abandoned shopping mall in San Bernardino

Cracked tarmac is seen in the parking lot of a largely abandoned shopping mall in San Bernardino, California in this January 23, 2015 file photo. (Reuters/Lucy Nicholson/Files)

By Tim Reid
Tue Mar 17, 2015 – 10:52pm EDT

Los Angeles —

(Reuters) – The southern California city of San Bernardino has defaulted on nearly $10 million in payments on its privately placed pension bond debt since it declared bankruptcy in 2012, according to documents seen by Reuters.

Read the rest of this entry »

Dan Walters

Observations on California and its politics
By Dan Walters
dwalters@sacbee.com
03/17/2015 – 9:56 PM

California’s unfortunate evolution into a society of haves and have-nots has many root causes, but a highly distorted housing market looms very large.

Read the rest of this entry »

Calpers

The California Public Employees’ Retirement System’s headquarters is in Sacramento. (Carl Costas / For The Times)

By Melody Petersen
March 17, 2015

As millions of private employees lost their pension benefits in recent years, government workers rested easy, believing that their promised retirements couldn’t be touched.

Read the rest of this entry »

Daily Bulletin: Southern California home sales still sliding, prices still rising

For Sale

By Gregory J. Wilcox, Los Angeles Daily News
Posted: 03/17/15, 9:43 AM PDT | Updated: 1 min ago

Southern California’s consecutive streak of year-over-year home price increases zeroed in on three years during February while the home sales slide moderated, a market tracker said Tuesday.

Read the rest of this entry »

California Seal

By Chris Megerian
March 16, 2015

California tax revenue continues to outpace expectations, Gov. Jerry Brown’s administration announced Monday.

Read the rest of this entry »

San Bernardino Seal

By Dale Kasler
dkasler@sacbee.com
03/16/2015 7:52 PM

Defending its plan to fully repay its debts to CalPERS, the bankrupt city of San Bernardino has asked a judge to dismiss a lawsuit by creditors demanding equal treatment.

Read the rest of this entry »

Press Enterprise: RIVERSIDE COUNTY: $6.4 million spent on lobbyists in past decade

Riverside-County-Seal

Published: March 13, 2015
Updated: March 15, 2015 10:42 p.m.

Riverside County has spent more than $6 million on outside lobbyists since 2004, records show.

To read story by Jeff Horseman in The Press-Enterprise, click here.

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 03/15/15, 8:08 PM PDT | Updated: 2 hrs ago

SAN BERNARDINO >> It’ll cost double what we said, and if you don’t agree you’ll be thrown out of bankruptcy court.

Read the rest of this entry »

Calpensions: High court ruling weakens retiree health rights

Supreme Court of the United States

By Ed Mendel
March 16, 2015

A U.S. Supreme Court ruling in January weakens the “vested rights” protection of retiree health care based on a labor contract, potentially making it easier for government employers to cut a growing cost.

Read the rest of this entry »

Debt Limit

By Jim Puzzanghera
March 13, 2015

The Treasury Department has started taking steps to extend the federal government’s borrowing ability as the U.S. hits its debt limit again Monday, Treasury Secretary Jacob J. Lew told lawmakers Friday.

Read the rest of this entry »

Los Angeles Times: End of refinery strike in sight; gas prices may fall

Refinery Strike

Picketers outside the Tesoro refinery in Carson. The USW union said Thursday it reached a tentative contract with Shell. (Wally Skalij / Los Angeles Times)

By Tiffany Hsu
March 12, 2015

The United Steelworkers reached a tentative contract with Shell Oil Co. on Thursday after more than a month of contentious talks and strikes, union officials said.

Read the rest of this entry »

Press-Enterprise: INDIO JAIL: Price tag now $331 million

Riverside County Indio Jail

Cost for Riverside County facility increases almost 40 percent from 2012 estimate of $237M.

Published: March 10, 2015 – Updated: 9:41 p.m.

Ground has yet to be broken on the long-awaited expansion of the Riverside County jail in Indio. But the estimated cost continues to grow.

To read story by Jeff Horseman in The Press-Enterprise, click here.

California Money

By David Siders
dsiders@sacbee.com
03/10/2015 11:14 AM

In the latest sign of California’s improving budget outlook, tax revenue last month beat estimates by about $1 billion, the state controller said Tuesday.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
03/10/2015 11:59 PM

There were once bright lines that separated the state’s general fund budget from its special funds.

Read the rest of this entry »

Lou Desmond

Tuesday, March 10, 2015 – 04:30 p.m.

Tonight on The Lou Desmond & Company Show, Dr. Adrian Moore, vice president of policy at the Reason Foundation, joins Lou to talk about the sudden ousting of San Bernardino’s financial director in the midst of the city’s financial woes.

Read the rest of this entry »

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 03/09/15, 6:09 PM PDT

SAN BERNARDINO >> The city’s finance director is on administrative leave after just months on the job, with next week projected to be his last according to City Manager Allen Parker.

Read the rest of this entry »

Victorville

Accounting firm OK’s statements in annual audit.

By SHEA JOHNSON
STAFF WRITER
Posted Mar. 9, 2015 at 5:46 PM

VICTORVILLE — The accounting firm hired to audit the city’s financial statements recently offered a clean bill of health for fiscal year 2014, also noting vast improvements to how the city tracks its finances.

Read the rest of this entry »

Calpensions: Brown plan may cut state retiree health payment

Pay Cut

By Ed Mendel
Monday, March 9, 2015

Something that rarely happens in California could result from Gov. Brown’s proposal to contain growing state worker retiree health care costs — benefits received by current government retirees might be reduced.

Read the rest of this entry »

InlandPolitics: Logistics industry hurts Inland Empire real estate market

Logistics

The Inland Empire is rapidly becoming the next low-wage warehouse mecca.

Sunday, March 8, 2015 – 12:00 a.m.

We’ve been hearing it for the past few years. All of those great warehouse jobs coming to the Inland Empire, an area with the nation’s highest poverty rate, will be the driver for the local economy.

Read the rest of this entry »

InlandPolitics: February jobs number nothing to celebrate

Economy

Saturday, March 7, 2015 – 10:30 a.m.

An estimated 295,000 jobs were created in February, according to the U.S. Department of Labor on Friday.

Read the rest of this entry »

Debt Limit

By Martin Crutsinger
AP Economics Writer
03/06/2015 – 4:41 PM

WASHINGTON — Treasury Secretary Jacob Lew told Congress on Friday that he will start using the package of emergency measures he has used in the past to keep the federal government from going over the debt limit next week.

Read the rest of this entry »

DailyBulletin: Potential industrial project aims to bring 5,000 jobs to Ontario

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 03/05/15 – 12:01 AM PST |

ONTARIO >> Development plans for 3 million square feet of industrial space on one of the last big swaths of vacant land in the city — north of the 10 Freeway, near Vineyard Avenue — could bring thousands of jobs and millions of dollars in potential revenue to the city.

Read the rest of this entry »

MarketWatch

By Jeffry Bartash, Reporter
March 6, 2015

WASHINGTON (MarketWatch) — The U.S. economy churned out a robust 295,000 jobs in February, reducing the nation’s unemployment rate to the lowest level in almost seven years and extending the best stretch of job creation since the mid-1990s.

Read the rest of this entry »

Gas Prices

Thursday, March 5, 2015 – 10:00 a.m.

The reasoning that oil companies are giving as an excuse to squeeze California Driver’s at the gas pump looks more and more like fantasy.

Read the rest of this entry »

Gas Prices

The upswing in gasoline prices in California largely reflects stoppages at oil refineries that account for some 17% of the state’s production capacity. Above, a station in Santa Monica on Saturday. (Jerome Adamstein / Los Angeles Times)

By Tiffany Hsu
March 4, 2015

Idled oil refineries have helped gasoline prices surge about $1 a gallon in California in a month

Read the rest of this entry »

The Sun: Arrowhead Country Club in San Bernardino seeking buyer

Arrowhead Country Club

Arrowhead Country Club members play a round of golf at the San Bernardino club on Tuesday. The club is seeking its first new buyers since World War II. (John Valenzuela — Staff Photographer)

By Ryan Hagen, The Sun
Posted: 03/03/15, 7:58 PM PST | Updated: 48 secs ago

SAN BERNARDINO >> Arrowhead Country Club, which drew stars in Hollywood’s Golden Age to golf and still stands as a symbol of luxury in a city fighting a different reputation, is looking for its first new buyer since World War II.

Read the rest of this entry »

Crude Oil

(Getty Images)

By Myra P. Saefong, Markets/Commodities Reporter
Carla Mozee, Markets Reporter & Eric Yep
Published: Mar 4, 2015 – 11:25 a.m. ET

SAN FRANCISCO (MarketWatch) — U.S. oil futures fell below $50 a barrel on Wednesday, after a government report showed that crude supplies jumped by more than 10 million barrels in the latest week.

Read the rest of this entry »

Politico: John Boehner ends stalemate

John Boehner

He bucks conservatives to pass a ‘clean’ Homeland Security funding bill. M.Scott Mahaskey/POLITICO)

By Lauren French, Jake Sherman and John Bresnahan
3/3/15 8:57 AM EST
Updated 3/3/15 5:01 PM EST

The House approved a nine-month funding bill for the Department of Homeland Security Tuesday, breaking a lengthy stalemate over President Barack Obama’s immigration policies that exacerbated the rift between Speaker John Boehner and the conservative wing of his conference.

Read the rest of this entry »