Archive for the ‘ Finance ’ Category

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.

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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.

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The Sacramento Bee: Opinion: California’s schools gain in financing

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.”

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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California Seal

By Chris Megerian
March 16, 2015

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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U.S. Capitol
Democrats could use the rules to force a clean funding bill through the House, unless the GOP decides to stop them.

By Daniel Newhauser
March 2, 2015

House Republican leaders still don’t seem to have a plan to avoid a partial shutdown of the Department of Homeland Security at the end of the week. But they may have an escape hatch—one that could technically keep the department open without GOP fingerprints, but might infuriate conservatives in the process.

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SacBee: Tax breaks mostly help the masses

Dan Walters

By Dan Walters
dwalters@sacbee.com
03/02/2015 12:01 AM

Critiquing California’s state and local tax structure – which generates more than $200 billion a year – has become something of a cottage industry.

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Pensions

By Ed Mendel
Monday, March 2, 2015

On the day that Stockton emerged from bankruptcy last week, ending 32 months of debt protection, the final court argument was about the “cram down” imposed on the only creditor that did not cut a deal.

Read the rest of this entry »

InlandPolitics: Gas price watch

Gas Price Watch

Sunday, March 1, 2015 – 11:00 a.m.

The Inland Empire’s out-of-control climb in gasoline prices added another 10 cents per gallon Saturday.

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InlandPolitics: S.B. County Pension Fund below target

SBCO

Saturday, February 28, 2015 – 01:00 p.m.

San Bernardino County’s pension fund has underperformed for the first half of its current fiscal year.

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InlandPolitics: Build it and they will come?

If You Build It They Will Come

Saturday, February 28, 2015 – 11:30 a.m.

San Bernardino County leaders, not Inland Empire as a whole, seem fascinated with building public works projects that will never be self-sustaining. Even though they say otherwise.

Read the rest of this entry »

ABC: Gas Prices Soar in California as Supply Shrinks

Gas Prices

A cyclist rides by a sign at a gas station in Los Angeles posting the latest gas prices on Friday, Feb. 27, 2015. Gas prices in California soared overnight as a result of a combination of supply-and-demand factors worsened by the shutdown of two refineries that produce a combined 16 percent of the state’s gasoline. (AP Photo/Nick Ut)

By GILLIAN FLACCUS, Associated Press
LONG BEACH, Calif. — Feb 27, 2015 – 7:00 PM ET

Gas prices are soaring in California in a classic example of supply and demand after an explosion stopped gasoline production at an Exxon Mobil refinery while another remains offline due to labor unrest.

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InlandPolitics: The experts are shocked?

Finger in Air

Friday, February 27, 2015 – 09: 30 a.m.

The gasoline industry experts say they’re shocked over skyrocketing California gasoline prices.

Even the dealers say they’re dumbfounded.

Read the rest of this entry »

Field Poll

By Christopher Cadelago
ccadelago@sacbee.com
02/27/2015 6:56 AM

Sacramento —

California voters think the government should spend more money to help maintain crumbling roads, but they offer mixed views on how to fund the upkeep, according to a new statewide Field Poll.

Read the rest of this entry »

Gas Prices

Motorists pump gas at a Mobil gas station after being greeted with a 25-cents-a-gallon price increase in Torrance. February 26, 2015. (Thomas R. Cordova / Staff Photographer)

By Nick Green, Daily Breeze
Posted: 02/26/15, 12:01 AM PST | Updated: 59 secs ago

The explosion at the ExxonMobil refinery is only partly to blame for a surge in gasoline prices that even stunned one gas station operator Thursday.

Read the rest of this entry »

U.S. Department of Treasury

By Philip Klein | February 26, 2015 | 6:11 am

The U.S. Treasury Department has rebuffed a request by House Ways and Means Chairman Rep. Paul Ryan, R- Wis., to explain $3 billion in payments that were made to health insurers even though Congress never authorized the spending through annual appropriations.

Read the rest of this entry »

InlandPolitics: Gas pump ripoff escalates

Fuel Gas

Thursday, February 26, 2015 – 09:00 a.m.

California gas prices have continued skyrocketing. An unjustified climb that can be blamed on wholesalers and retailers, who are bilking consumers who don’t know any better.

Read the rest of this entry »

Question Mark

By Sandra Emerson, Redlands Daily Facts
Posted: 02/24/15, 12:01 AM PST | Updated: 1 day ago

REDLANDS >> With a voter-approved commuter rail project that would take riders from San Bernardino to Redlands and back looming as early as 2018, local public transit critics are ringing bells over its funding.

Read the rest of this entry »

Adelanto Logo

City shakeup

By RENE RAY DE LA CRUZ
STAFF WRITER
Posted Feb. 26, 2015 at 7:28 AM

ADELANTO — During a marathon meeting in front of a packed house, the City Council on Wednesday approved the release of City Manager Jim Hart, discussed its looming bankruptcy and considered a measure that would allow Adelanto’s residents to vote for a medical marijuana collective to operate in the city.

Read the rest of this entry »

CPR: Stockton Officially Exits Bankruptcy

Bankruptcy

Rich Ibarra
Wednesday, February 25, 2015 | Sacramento, CA

The City of Stockton officially exits bankruptcy Wednesday. The exit ends more than two years of negotiations, settlements, and development of a future fiscal plan.

Read the rest of this entry »

The Sun: San Bernardino increases budget, but summer swimming pools to take hit

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 02/23/15, 12:01 AM PST | Updated: 1 min ago

SAN BERNARDINO >> The City Council unanimously approved adjustments to the city’s budget that are expected to give the city a tiny surplus, but will make only two of the city’s five pools available for the public this summer.

Read the rest of this entry »

Freeway

The 170 Freeway through the San Fernando Valley. (David Crane – staff photographer)

By Steve Scauzillo, San Gabriel Valley Tribune
Posted: 02/23/15, 7:22 PM PST |

In the past, states could rely on the federal gasoline tax fund to build freeway and expressway projects and also for general upkeep of America’s ribbon of highways.

But those days are gone.

Read the rest of this entry »

Port of Los Angeles

By Peter Jamison
February 24, 2015

Southern California port officials say it could take up to three months to clear cargo that piled up during a labor dispute that threatened to cripple West Coast commerce.

Read the rest of this entry »

Prime Healthcare

By Tracy Seipel
tseipel@mercurynews.com
Posted: 02/24/2015 05:55:02 AM PST
Updated: 02/24/2015 05:55:35 AM PST

SAN JOSE — Take it or leave it. That’s the message to a Southern California for-profit company from Attorney General Kamala Harris who late last week laid out a dozen requirements for Prime Healthcare Services’ $843 million deal to buy six cash-crunched nonprofit hospitals.

Read the rest of this entry »

Lou Desmond

Monday, February 23, 2015 – 05:00 p.m.

Today on The Lou Desmond & Company Show, economist Jay Prag and Financial Advisor Kraig Strom join Lou to discuss an array of topics.

Read the rest of this entry »

Gas Nozzle

Monday, February 23, 2015 – 09:00 a.m.

California driver’s are getting burned at the gas pump as usual.

Read the rest of this entry »

LATimes: Despite West Coast ports’ labor deal, normality not yet on horizon

Port of Los Angeles

Trucks in San Pedro begin to clear the cargo backlog at the ports of Long Beach and Los Angeles. (Katie Falkenberg / Los Angeles Times)

By Tiffany Hsu, Andrew Khouri and Peter Jamison
February 21, 2015

West Coast ports are emerging from the most contentious labor dispute in more than a decade, but lingering resentment and structural problems may complicate a return to normality.

Read the rest of this entry »

LATimes: Shipping lines and dockworkers reach deal; port shutdown averted

Port of Long Beach

Container ships wait offshore to get into the Port of Long Beach on Feb. 11. (Bob Chamberlin / Los Angeles Times)

By Andrew Khouri, Chris Kirkham and Peter Jamison
February 20, 2015

Shipping companies and dockworkers reached a tentative deal late Friday on a new labor contract, avoiding a shutdown of 29 ports that would have choked off trade through the West Coast.

Read the rest of this entry »

The Sun: San Bernardino to review balanced budget

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 02/19/15, 8:21 PM PST |

SAN BERNARDINO >> The city reached the middle of the fiscal year with a balanced budget, City Manager Allen Parker said Thursday.

Read the rest of this entry »

NFL

The new NFL football stadium proposed by the San Diego Chargers and Oakland Raiders would be built on a 168-acre site at the southwest quadrant of the intersection of the 405 Freeway and Del Amo Boulevard.

By Sam Farmer
February 19, 2015

On the field, the San Diego Chargers and Oakland Raiders have had as bitter a rivalry as any in the NFL but in a sense, they’re now partners.

Read the rest of this entry »

walmart-logo

Starting in April, about 500,000 Wal-Mart employees will get a raise to the new level — $1.75 an hour more than the federal minimum wage. (Bob Chamberlin / Los Angeles Times)

By Jim Puzzanghera, Shan Li and Sarah Parvini
February 19, 2015

Wal-Mart’s advertising slogan is “Save money, live better,” but for years the world’s largest retailer has been criticized for not paying its workers enough to do that.

Read the rest of this entry »

LATimes: Port dispute is felt all along West Coast

Port of Oakland

Shipping volumes at the Port of Oakland plunged 32% in January. That followed a banner year in 2014, when it saw record traffic because of L.A. and Long Beach congestion. Above, containers on a ship at the port. (Justin Sullivan, Getty Images)

By Andrew Khouri and Tiffany Hsu
February 18, 2015

The labor dispute that has stalled dozens of massive ships off the ports of Los Angeles and Long Beach isn’t limited to the nation’s busiest cargo complex.

Read the rest of this entry »

Roll Call Logo

By Matt Fuller
Posted at 5:49 p.m. on Feb. 18

Two days after a Texas judge halted President Barack Obama’s executive action on immigration, nothing seems to have changed in the congressional showdown over funding the Department of Homeland Security.

Read the rest of this entry »

The Sun: Businessman, activist Larry Sharp dies at 72

black ribbon

By Ryan Hagen, The Sun
Posted: 02/17/15, 3:04 PM PST

Larry Sharp, an Inland Empire leader who for more than two decades ran the largest credit union in the region, died Monday after a long battle with colon cancer. He was 72.

Read the rest of this entry »

LATimes: Southern California home sales down, prices flat

down-arrow

By Tim Logan
February 17, 2015

Southern California’s housing market got off to a slow start for the year in January, with sales down and prices treading water.

Read the rest of this entry »

VVDailyPress: Council to consider salary changes

Victorville

Compensation, position changes could cost $275k

By SHEA JOHNSON
STAFF WRITER
Posted Feb. 15, 2015 @ 10:44 am
Updated Feb 15, 2015 at 10:46 AM

VICTORVILLE — The City Council on Tuesday will consider implementing consultant-recommended salary and position changes effective July 1 that could result in an approximate $275,000 increase to the 2015 fiscal year budget.

Read the rest of this entry »