Archive for the ‘ Finance ’ Category

Lou Desmond

Thursday, May 21, 2015 – 04:30 p.m.

Tonight on the show, Lou is joined by Ryan Hagen of the San Bernardino Sun to talk specifics about fire outsourcing. What does the city hope to accomplish and what outcome can be expected from the organization they choose?

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The Sun: San Bernardino could privatize fire services

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 05/20/15 – 7:53 PM PDT |

SAN BERNARDINO >> The city might become the first in the state to rely on a for-profit firm for firefighting and emergency medical services, but to do so it will have to overcome opposition that’s already mounting up and down the state.

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Beaumont

By Jim Steinberg, The Sun
and Joe Nelson, The Sun
Posted: 05/19/15, 2:17 PM PDT |

BEAUMONT >> State Controller Betty T. Yee on Tuesday announced her office was launching an investigation into the financial practices and reporting of this city of 42,000 to resolve “significant differences” between the city’s financial reporting and its audited statements.

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Crossing at Redlands

The San Bernardino County Board of Supervisors on Tuesday approved The Crossings at Redlands, a 340-unit gated apartment complex in an unincorporated area of Redlands. It will feature a sidewalk coffee shop/cafe, produce market and state-of-the-art fitness center. It is a companion project to the neighboring Circa 2020 apartment complex now under construction. (Courtesy artist rendering)

By Joe Nelson, The Sun
Posted: 05/20/15 – 6:45 PM PDT |

REDLANDS >> In the same vein as Victoria Gardens in Rancho Cucamonga and other mixed-use developments across Southern California, a 340-unit gated apartment complex, with a retail component, has been approved for development in an unincorporated area of this city.

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Up Arrow

Riverside, San Bernardino county homes sales were up 8 percent last month, the third best April since 2006, according to CoreLogic DataQuick

Published: May 19, 2015
Updated: May 20, 2015 – 11:27 a.m.

Home sales in Inland Southern California continued to flex some muscle in April, restoring optimism in a marketplace that got off to a sluggish start for 2015.

It was the third best April for the Inland region since the housing bust, with 6,109 Riverside and San Bernardino new and existing home and condo sales closing escrow, according to CoreLogic DataQuick’s latest report.

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

Daily Bulletin: San Bernardino County to develop ‘Countywide Plan’

money_down_drain

…..$5,000,000…..

By Ryan Hagen, San Bernardino Sun
Posted: 05/19/15 – 7:17 PM PDT |

SAN BERNARDINO >> The county Board of Supervisors agreed Tuesday to pay a consultant group up to $5 million over four years to help with development of a “complete county” plan that goes beyond a general plan — in fact, they say, it goes further than any city or county ever has.

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California Money

New revenue estimate shows likely fault line over spending in budget battle between governor and lawmakers

By Chris Megerian
May 19, 2015

The battle lines in the annual tug-of-war over the state budget became clear on Monday evening, when legislative analysts said there would be $1.1 billion more revenue available for discretionary spending than Gov. Jerry Brown has estimated.

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The Sun: San Bernardino council approves bankruptcy plan, 6-1

San Bernardino Seal

By Ryan Hagen, The Sun
POSTED: 05/18/15 – 8:55 PM PDT |

SAN BERNARDINO >> A full-court press by the city’s administrators, consultants and allies from the community convinced six of the seven council members Monday that it was vital to pass the Plan of Adjustment, pushing the city into the next stage of its nearly three-year bankruptcy.

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Lou Desmond

Monday, May 18, 2015 – 04:30 p.m.

Tonight on the show, Lou is joined by Estimable Economist Jay Prag to get his take on San Bernardino’s exit plan. What affect will their actions have on future investments in the troubled city?

Read the rest of this entry »

Jerry Brown

California Governor Jerry Brown is in favor of ending temporary taxes under voter-approved Proposition 30.

By Jessica Calefati
jcalefati@bayareanewsgroup.com
Posted: 05/18/2015 – 05:50:33 AM PDT

SACRAMENTO — When Gov. Jerry Brown unveiled his revised state budget late last week, the news that California is swimming in black ink rightfully stole the show.

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The Sun: San Bernardino bankruptcy plan gets group’s support

San Bernardino Seal

By Ryan Hagen, The Sun
POSTED: 05/16/15 – 8:35 PM PDT |

SAN BERNARDINO >> The deep cuts and extensive restructuring proposed in the city’s bankruptcy exit plan got a unanimous thumbs-up from its strategic planning core team on Saturday, as the City Council prepares to vote on the plan Monday.

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Dan Walters

Dan Walters
May 16, 2015
dwalters@sacbee.com

Gov. Jerry Brown’s revised 2015-16 budget sharply increases spending on California’s 6-plus million elementary and high school students.

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Los Angeles Times: Four-dollar gasoline returns to the L.A. area

Gas Prices

Gas prices are displayed at a Chevron station in Brentwood. The recent surge in regional fuel prices has left local drivers paying more on average than motorists elsewhere in the U.S. (Jerome Adamstein / Los Angeles Times)

By Andrew Khouri and Samantha Masunaga
May 15, 2015

On Friday, the average for a gallon of regular in the Los Angeles area was higher than $4 for the first time since July, according to daily fuel price reports by AAA and GasBuddy.com. The recent surge in regional fuel prices has left local drivers paying more on average than motorists anywhere else in the U.S.

Read the rest of this entry »

Lou Desmond

Friday, May 15, 2015 – 03:30 p.m.

Tonight on the show, Ed Hoffman joins Lou to talk about national headlines. But first, they start in San Bernardino, where the city’s plan to exit bankruptcy was released yesterday. In it, the city says it’s planning to pay its creditors 1% of what they are owed.

Read the rest of this entry »

Bankruptcy Court

By Ryan Hagen, The Sun
Posted: 05/14/15, 4:49 PM PDT |

SAN BERNARDINO >> The proposed bankruptcy exit plan released to the public for the first time Thursday would pay 1 percent of the $50 million owed to pension obligation bondholders, slash retirees’ healthcare coverage, and contract out for services, including fire and waste disposal, among other changes.

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Calculator+Finance+Budget

Eastvale, Jurupa Valley, Menifee and Wildomar lost millions in state vehicle license fees four years ago.

Published: May 14, 2015 – Updated: 10:21 p.m.

Four cities in Riverside County still coping with a 4-year-old revenue hit could get relief in the revised state budget offered by Gov. Jerry Brownon Thursday, May 14.

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

Digital First Media

By Bay Area News Group
Posted: 05/14/15 – 9:26 PM PDT |

Digital First Media, the company that operates the Los Angeles News Group and its digital and newspaper properties, has decided not to seek a sale of the entire company, saying it “is not in the best interest of shareholders at this time.’’

Read the rest of this entry »

California Money

By Larry Gordon, Teresa Watanabe and Carla Rivera
May 14, 2015

The big winners in Gov. Jerry Brown’s plan to sharply increase education funding are California undergraduates at UC, who will have their tuition frozen for two more years, and the millions of elementary, secondary and community college students who are likely to see more teachers and counselors hired on their campuses.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
May 14, 2015

The state’s revenue system is, as we should all know by now, increasingly dependent on taxes from a relative handful of high-income Californians.

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InlandPolitics: San Bernardino: Bankruptcy Exit Plan hide the ball!

San Bernardino Seal

Thursday, May 14, 2015 – 04:30 p.m.

You gotta hand it to bankrupt San Bernardino, California. If there’s any local government that can screw anything up, it’s good ole San Berdoo!

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Lou Desmond

Thursday, May 14, 2015 – 04:00 p.m.

Tonight on the show, Ryan Hagen joins to program to discuss San Bernardino’s plan to exit bankruptcy. The only problem, they are releasing it at 5:00, then locking the doors to city hall until Monday morning. Also, Lou will cover the local headlines from the Inland Empire.

Read the rest of this entry »

U.S. Bankruptcy Court

U.S. Bankruptcy Court in Riverside. Today, San Bernardino will reveal its bankruptcy exit plan. The city declared bankruptcy in July 2012. (John Valenzuela/ The Sun)

By Ryan Hagen, The Sun
Posted: 05/13/15, 8:27 PM PDT |

SAN BERNARDINO >> City officials say they will release a sweeping bankruptcy exit plan Thursday afternoon and ask the City Council on Monday to commit to changes they say will significantly affect residents, employees and creditors for years to come.

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wells fargo logo

A lawsuit filed in San Francisco federal court accuses Wells Fargo of pressuring workers to open so many accounts and provide so many other services that the employees deceived and defrauded customers across the country.

By E. Scott Reckard
May 13, 2015

A former Wells Fargo & Co. customer accused the San Francisco banking firm in a lawsuit of fostering a high-pressure sales culture that ended up deceiving and defrauding him and customers nationwide.

Read the rest of this entry »

The Sun: San Bernardino County CEO gives 5-year budget forecast

Greg Devereaux

Devereaux

By Joe Nelson, The Sun
Posted: 05/12/15, 6:53 PM PDT |

San Bernardino County will enter the next fiscal year on July 1 with $4.7 billion on hand for infrastructure projects and some services cut during the Great Recession, but the county has quite a ways to go before it can start loosening its fiscal belt.

Read the rest of this entry »

Riverside-County-Seal

Published: May 12, 2015 – Updated: 10:42 p.m.

Riverside County supervisors voted unanimously Tuesday to charge contract cities more for Sheriff’s Department services, despite pleas from several officials unsure of whether their cities can afford the price hikes.

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

San Bernardino Seal

Judge allows city to make pension payments

By Dale Kasler
dkasler@sacbee.com

Government pensions in California have withstood another fierce challenge in bankruptcy court.

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Jerry Brown

Those given pay raises by a state panel Monday include California Gov. Jerry Brown, pictured on May 6, and other state legislators and elected officials. (Rich Pedroncelli / Associated Press)

By Patrick McGreevy contact the reporter
May 11, 2015

SACRAMENTO — A state panel appointed by Gov. Jerry Brown voted Monday to give the governor, state legislators and many other officials a 3% pay raise, saying it would make their salaries more competitive with leaders elsewhere.

The increases will take effect Dec. 7.

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The Sacramento Bee: Why CalPERS retirees flee California

Las Vegas

Las Vegas has the most Golden State transplants

Jon Ortiz

The State Worker
By Jon Ortiz
jortiz@sacbee.com
May 11, 2015

About 15 percent of CALPERS pensioners live outside California

This city’s Spanish name recalls grassy, spring-fed meadows that nourished the first farms here and gave laborers relief from desert heat.

Read the rest of this entry »

Riverside-County-Seal

Also among the county’s financial challenges are the sheriff’s and fire departments.

Published: May 8, 2015
Updated: May 10, 2015 6:20 p.m.

Riverside County officials want to take $1.5 million ticketed for UC Riverside’s medical school and spend it on equipment needs at the county-run hospital.

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

Schools

By Judy Lin, Associated Press
May 10, 2015

Lawmakers expect Gov. Jerry Brown to suggest spending more tax dollars on public schools and community colleges while asking for more money to be set aside for a rainy day when he releases his updated budget this week.

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InlandPolitics: Refinery numbers leave gas price spike unjustified

Behind-the-spin

Sunday, May 10, 2015 – 08:00 a.m.

The latest report on refinery activity from the California Energy Commission in no way supports the contention that refinery woes have caused retail gasoline price spikes.

Spin that continues to be nothing more than a lie.

Read the rest of this entry »

SBCO

Saturday, May 9, 2015 – 12:00 a.m.

When you read the story on San Bernardino County pensions, published in The Sun newspaper on Friday, one takeaway is evident.

Read the rest of this entry »

Money

Saturday, May 8, 2015 – 11:00 a.m.

San Bernardino County and its pension fund, San Bernardino County Employees Retirement Association (SBCERA), have fought feverishly to block disclosure of individual pension amounts by name.

That’s until now.

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Jerry Brown

Gov. Jerry Brown, speaking at the Association of California Water Agencies conference last week, made clear that in his fourth and final term, he intends to build twin tunnels through the Sacramento-San Joaquin Delta. | Rich Pedroncelli/The Associated Press

Dan Morain

Dan Morain
Editorial page editor, political affairs columnist and editorial writer
dmorain@sacbee.com
May 9, 2015

Jerry Brown was sounding a little like an eccentric uncle-governor the other day as he muttered about Spaceship Earth, how he got the Moonbeam moniker, and, yes, the need to recycle human waste into water.

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CNBC: Social Security: It’s even worse than you think

Social Security Card

The Social Security Trust Fund will start bleeding money in 5 years.

CNBC Logo

Tom Anderson
May 9, 2015

The Social Security Administration projects that its trust funds will be depleted by 2033—not an optimistic forecast. But it may be even bleaker than that.

Read the rest of this entry »

Gas Prices

California senators have sent a series of questions to oil industry executives.The inquiries come amid concerns about whether the market is competitive.

Capitol Alert
May 8, 2015
By Christopher Cadelago
ccadelago@sacbee.com

California senators investigating the recent surge in gas prices are escalating pressure on oil industry executives.

Read the rest of this entry »

Lou Desmond

Friday, May 8, 2015 – 04:00 p.m.

Tonight on the show, Ed Hoffman joins Lou in the bunker! They discuss the low labor participation in the U.S. today. It’s near record lows. How can so many afford to be out of the labor force?

Read the rest of this entry »

Golden Gate Bridge Panorama

By Joe Nelson, The Sun
Posted: 05/07/15 – 12:47 PM PDT |

The average pension for a retired San Bernardino County employee who put in 30 or more years was $88,000 in 2014, and three county retirees pull in more than $300,000 a year in benefits, according to Transparent California, a government watchdog organization that tracks salary and other compensation data of public employees.

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Dan Walters

Dan Walters
Observations on California and its politics
dwalters@sacbee.com
May 7, 2015

A political war over taxes that’s been brewing for nearly four decades finally erupted Thursday – maybe.

Read the rest of this entry »

Taxes

May 7, 2015
Capitol Alert
The go-to source for news on California policy and politics
By Dan Walters
dwalters@sacbee.com

A coalition of public employee unions and other liberal groups, including many churches, launched a campaign Thursday to alter Proposition 13, California’s iconic property tax limit, and raise billions of dollars by hiking taxes on commercial property.

Read the rest of this entry »

U-T San Diego: $85M deal to combine U-T, LA Times

newspaper-future

Purchase agreement signed today by Tribune Publishing; papers to remain separate brands

By Dan McSwain
May 7, 2015 – 4:01 p.m.

The owner of the Los Angeles Times has agreed to buy U-T San Diego, combining two of Southern California’s oldest and most recognizable media companies, executives announced Thursday.

Read the rest of this entry »

Lou Desmond

Wednesday, May 6, 2015 – 04:30 p.m.

Tonight on the show, Adrian Moore of the Reason Foundation joins Lou to talk about the job market locally. Are government handouts making it difficult for employers to find workers?

Read the rest of this entry »

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 05/05/15, 3:16 PM PDT |

SAN BERNARDINO >> Four developers are finalists to build on the 43-acre property occupied by Carousel Mall, and most likely, the mall will be demolished to make way for new development, a city official said during a broker roundtable Tuesday.

Read the rest of this entry »

Valero Wilmington Refinery

The Valero refinery in Wilmington on Monday. (Steve McCrank – Staff Photographer)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 05/05/15, 7:29 PM PDT |

A new report from Consumer Watchdog confirms what Southland motorists have long suspected — oil refiners are drawing deep profits from gasoline price spikes.

Read the rest of this entry »

Dan Walters

Dan Walters
Observations on California and its politics
dwalters@sacbee.com
May 5, 2015

Every state budget cycle has its own narrative, but this year’s version is in a class by itself.

Read the rest of this entry »

City of Industry

An audit finds that former City of Industry Mayor Dave Perez and his relatives financially benefited from city contracts.

By Abby Sewell
May 5, 2015

Los Angeles County supervisors voted Tuesday to call for an investigation into possible corruption in the embattled City of Industry, including any dealings officials there might have had with surrounding cities.

Read the rest of this entry »

Magnifying Glass

California State Controller Betty T. Yee confirmed Tuesday that her agency has begun examining the finances of the City of Industry after news reports revealed that an audit had questioned dealings involving firms controlled by a former mayor and his relatives.

By Chris Megerian and Abby Sewell
May 5, 2016

California State Controller Betty T. Yee confirmed Tuesday that her agency has begun examining the finances of the City of Industry after news reports revealed that an audit had questioned dealings involving firms controlled by a former mayor and his relatives.

Read the rest of this entry »

General Views Of Wells Fargo Locations Ahead Of Earns Figures

A culture of high-pressure sales encouraged employees to engage “in unfair, unlawful and fraudulent conduct,” the suit says.

By E. Scott Reckard
May 4, 2015

Rigid sales quotas at Wells Fargo Bank have driven employees to open unauthorized accounts for customers, sticking them with bogus fees and damaging their credit, according to a city of Los Angeles lawsuit that echoes a Times investigation.

Read the rest of this entry »

Money

By Melanie Mason
May 4, 2015

Extending state-subsidized healthcare coverage to people in the country illegally could cost California as much as $740 million annually, according to a Senate fiscal analysis released Monday.

Read the rest of this entry »

Lou Desmond

Monday, May 4, 2015 – 03:00 p.m.

Tonight on the show, Estimable Economist Jay Prag joins the program. First, Lou and Jay talk about the shooting this weekend at a Muhammad cartoon event. Then, they talk about the downfalls of the Affordable Care Act and the negative effects on the medical industry.

Read the rest of this entry »

U-T San Diego: Edison alliances led to San Onofre deal

SCE

Company saw window of opportunity to bring critics on board

By Morgan Lee
May 2, 2015 – 6:53 a.m.

Among the documents released this past week regarding closure of the San Onofre nuclear plant was an email showing executives with majority owner Southern California Edison cooperating with traditional adversaries with an eye toward “getting our money back.”

Read the rest of this entry »

Dan Walters

Dan Walters
May 3, 2015
Observations on California and its politics
dwalters@sacbee.com

Since becoming governor for the second time, Jerry Brown has preached the virtues of what he calls “subsidiarity” – reversing the concentration of governmental finances in Sacramento that began when he was governor the first time.

Read the rest of this entry »

Riverside-County-Seal

Exclusive Care, a Riverside County-run health insurance program for employees, sends patients to the county hospital in Moreno Valley. One supervisor is questioning whether the program pays Riverside County Regional Medical Center enough for patient care.

Published: April 29, 2015
Updated: May 2, 2015 4:20 p.m.

Since 1999, Riverside County employees have been able to get health care through an exclusive, county-run program called, fittingly enough, Exclusive Care.

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

San Bernardino Public Safety Attrition

By Ryan Hagen, The Sun
Posted: 05/02/15, 12:49 PM PDT |

SAN BERNARDINO >> If the reservoir of veteran firefighters in the city developed a leak in the Great Recession and the crack widened with the 2012 bankruptcy filing, then it’s in 2015 that the dam broke.

Read the rest of this entry »

InlandPolitics: California lets gas refiners have free reign over motorists

Gas Prices

With no oversight, California gasoline refiners appear have decided to charge whatever they want.

Saturday, May 2, 2015 – 02:00 p.m.

California regulators, the Automobile Club, GasBuddy.com and the Lundberg Survey have lost all credibility.

Read the rest of this entry »

SBCO

Saturday, May 2, 2015 – 11:30 a.m.

San Bernardino County, California leaders can think again, if they thought its general fund was going to get a break from skyrocketing pension costs.

Read the rest of this entry »

World Logistics Center

A key report on what would be the U.S.’s largest such complex is out; a public hearing will be in June.

Published: May 1, 2015 – Updated: 10:55 p.m.

A development battle in Moreno Valley that has been brewing for three years moved closer Friday, May 1, with release of a final environmental report on a warehouse center that would transform the city’s eastside and become the country’s largest logistics facility.

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

California Money

Capitol Alert
By Jim Miller
jmiller@sacbee.com

May 1, 2015

California income tax collections in April exceeded Brown administration estimates by more than $1.6 billion, according to data posted Friday by the state controller’s office, pushing income tax revenue for the year $8 billion higher than during a comparable period in 2013-14.

Read the rest of this entry »

The Sun: State auditor slams Victorville on wastewater treatment plant

Victorville

By Joe Nelson, The Sun
Posted: 04/30/15, 7:59 PM PDT |

Victorville’s possibly unlawful borrowing and lending practices totaling $41.9 million resulted in $4.6 million of unnecessary interest and a $31 million wastewater treatment plant that served no benefit for ratepayers, the state auditor concluded in a report released Thursday.

Read the rest of this entry »

By Chris Kirkham
April 30, 2015

California’s low-wage workers are older and more educated than they were three decades ago — but they earn less, according to new research from UC Berkeley.

Read the rest of this entry »

InlandPolitics: Economy not so hot after all

GDP

+0.2%

Wednesday, April 29, 2015 – 08:15 a.m.

It would appear the economy isn’t so hot after all.

Read the rest of this entry »

Straight Face Emoticon

Eight of 10 fastest-moving real estate markets are in California; four are on the southern coast; The Inland area ranks No. 35 according to Trulia online real estate service

Published: April 28, 2015 – Updated: 4:10 p.m.

The Inland Southern California housing market, a bastion for bargain home sales when foreclosures peppered the region, has had a lethargic sales pace in 2015, a new Trulia report shows.

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

Los Angeles Times: Port truck drivers strike against four companies

on-strike

By Andrew Khouri
April 27, 2015

Some truck drivers who haul goods from the ports of Los Angeles and Long Beach walked off the job Monday, launching a protest against four trucking firms they accuse of wage theft.

Read the rest of this entry »

Monday, April 27, 2015 – 04:30 p.m.

Tonight on the show, Jay Prag joins Lou to talk about California’s economy. Riverside is setting strong economic goals and taking steps to plan for the future. Last week technology stocks closed at their highest. What dose that mean for the Inland Empire?

Read the rest of this entry »

Dan Walters

Dan Walters
Observations on California and its politics
dwalters@sacbee.com
04/27/2015 12:01 AM

Some call them “tax expenditures,” while others use the more pejorative “tax loopholes.”

Read the rest of this entry »

City of Industry

By Rebecca Kimitch, Inland Valley Daily Bulletin
and Steve Scauzillo, San Gabriel Valley Tribune
Posted: 04/25/15, 9:51 PM PDT |

INDUSTRY>> An audit of city finances concluded Industry paid more than $326 million to companies owned by former Mayor Dave Perez and his family over the past 20 years, much of it for vague or even erroneous invoices that possibly resulted in massive overpayments.

Read the rest of this entry »

The Sun: Community, city leaders discuss future San Bernardino

San Bernardino Seal

By Jim Steinberg, The Sun
Posted: 04/24/15, 7:39 PM PDT |

SAN BERNARDINO >> As the city looks for a way to exist beyond bankruptcy, its charter once again was part of the discussion Friday as leaders and the public gathered for a strategy meeting designed to find ways to guide the city.

Read the rest of this entry »

California Money

Capitol Alert
The go-to source for news on California policy and politics
By Jim Miller
jmiller@sacbee.com
04/25/2015 – 11:17 AM

California income tax collections in April have already exceeded the Brown administration’s January estimates, underscoring the surge of higher-than-expected money flowing into the state treasury and possibly offering health and welfare programs – not just schools – a piece of the windfall.

Read the rest of this entry »

NFL

By Scott M. Reid, Staff Writer
April 24, 2015 – Updated 7:37 p.m.

NEW YORK – NFL Commissioner Roger Goodell, after months of expressing caution about the league’s possible return to Los Angeles, characterized stadium projects in Inglewood and Carson on Friday as “viable” with the potential for long term success.

Read the rest of this entry »

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.

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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.

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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.

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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.

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