Archive for the ‘ Finance ’ Category

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 »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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 »

taxes

Proposals starting to form in Sacramento and San Diego County
By Chris Nichols
Feb. 15, 2015

SACRAMENTO — With a shrinking pot of money to fix California’s roads, Assembly Speaker Toni Atkins has vowed to push the state into “the next generation of funding” through a $52 per year “Road User Charge” for all drivers.

Read the rest of this entry »

Montage Resort
Luxury hotels such as the Montage Laguna Beach that endured the downturn are now thriving, making them appealing targets for investors. The resort sold last month. (Allen J. Schaben / Los Angeles Times)

By Roger Vincent
February 15, 2015

Pampered guests at the five-star Montage Laguna Beach resort can swim in a lap pool overlooking the Pacific, dine on caviar and sleep on goose-down pillows to a lullaby of crashing waves.

Read the rest of this entry »

The PE: RIVERSIDE COUNTY: Public-safety needs squeezing budget

Riverside-County-Seal

Spending on additional sheriff’s deputies, guaranteed pay raises and other public safety priorities is expected to put pressure on future Riverside County budgets, officials said this week.

Published: Feb. 13, 2015 – Updated: 3:03 p.m.

Hiring new sheriff’s deputies, funding guaranteed pay raises, staffing a bigger jail and other public safety demands are expected to put pressure on Riverside County’s budget for the next few years, officials said this week.

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

UTSanDiego: State proposes 21 percent gas tax cut

Tax Cut

By Jonathan Horn
Feb. 13, 2015 – Updated 6:11 p.m.

San Diegans enjoying relief at the pump these days can expect a little more this summer, this time thanks to the state of California.

Read the rest of this entry »

InlandPolitics: Crude Oil falling on higher inventory number

Crude Oil Chart - 021115

Wednesday, February 11, 2015 – 08:45 a.m.

The trip above $53 for a barrel of West Texas Intermediate Crude Oil didn’t last long.

Read the rest of this entry »

InlandPolitics: Oil price gouging returns again

Crude OIl

Tuesday, February 10, 2015 – 09:15 a.m.

Oil price gouging returns again.

The price of crude oil, West Texas Intermediate and Brent, has been increasing over the past two weeks.

Read the rest of this entry »

CHP logo

By Jon Ortiz
jortiz@sacbee.com
02/09/2015 7:50 PM

Payroll costs for California Highway Patrol officers grew an average 11 percent per employee last year, new state data show, fueled by a mandated raise, more overtime and the end of furloughs in 2013.

Read the rest of this entry »

The Lou Desmond & Company Show: Inside Washington & the IE

Lou Desmond

Monday, February 9, 2015 – 04:30 p.m.

Tonight on The Lou Desmond & Company Show, Collin Callahan, former intern for Rep. Jeff Denham (R-CA), and economist Jay Pray, join Lou to discuss an array of topics.

Read the rest of this entry »

InlandPolitics: New Obamacare taxes just beginning

ObamaCare

Monday, February 9, 2015 – 09:00 a.m.

First it was the “If you like your plan you can keep it” debacle.

Now everyone is just starting to get the second dose of Obamacare.

Read the rest of this entry »

Taxes

Fenit Nirappil | AP
February 08, 09:41 AM

California lawmakers are looking at new ways to pay for crumbling roads, bridges and highways as the traditional repair fund from gasoline taxes dries up.

Read the rest of this entry »

YahooFinance: Is the Unemployment Rate of 5.7 Percent Just a ‘Big Lie’?

The Fiscal Times

The Fiscal Times
By Yuval Rosenberg
February 6, 2015 1:15 PM

The U.S. job market is, to use a technical term, really hot.

January saw non-farm payrolls jump by a better-than-expected 257,000, and data revisions lifted the totals for the prior two months by 147,000 more. Over the last three months, the economy added more than a million jobs, the strongest pace of labor market growth since 1997.

Read the rest of this entry »

Gallup

Wednesday, 04 Feb 2015 – 11:04 PM
By Cathy Burke

The 5.6 percent unemployment rate being trumpeted by the White House, Wall Street and the media is a “big lie,” the head of the Gallup polling firm says.

Read the rest of this entry »

B-2 Stealth Bomber

A B-2 stealth bomber is parked at a Northrop Grumman facility in the Antelope Valley. Northrop could build parts of the company’s proposed Long-Range Strike Bomber in Palmdale. (Al Seib / Los Angeles Times)

By Melody Petersen
February 8, 2015

The Pentagon is poised to spend billions to build a new stealth bomber, a top secret project that could bring hundreds of jobs to the wind-swept desert communities in Los Angeles County’s northern reaches.

Read the rest of this entry »

LATimes: Best wage growth in six years boosts another strong jobs report

Jobs

By Jim Puzzanghera
February 6, 2015

The economy had another robust month of job growth in January, adding 257,000 net new positions and producing the best wage gains in more than six years, the Labor Department reported Friday.

Read the rest of this entry »

InlandPolitics: Another example of warped reality

Sleeping Shades

Friday, February 6, 2015 – 01:00 p.m.

For decades, government failure after government failure has fallen on the Inland Empire.

Local officials for more than twenty-five years couldn’t see San Bernardino’s steady decline in progress. The city’s coffers were plundered to the point where redevelopment funds had to be essentially stolen to support the local governments general fund. When those funds were taken away by Governor Jerry Brown, the city filed for chapter 9 bankruptcy.

Read the rest of this entry »

US Bankruptcy Court

By Dale Kasler
dkasler@sacbee.com
02/05/2015 6:44 PM

With harsh words for CalPERS and an angry bondholder, a U.S. bankruptcy judge has put into writing his pivotal rulings on the sanctity of public pensions in the Stockton bankruptcy case.

Read the rest of this entry »

SacBee: Opinion: California’s roads need costly repair

Dan Walters

By Dan Walters
dwalters@sacbee.com
02/06/2015 7:35 AM

The good news is that after decades of ignoring the deterioration of California’s once-world-class highway system, our politicians have finally awakened to the crisis.

Read the rest of this entry »

InlandPolitics: Upland shooting returns to federal trial docket

Upland seal

Thursday, February 5, 2015 – 09:30 a.m.

Following a failed prosecution against a defendant shot several times by Upland Police, a federal civil rights claim has been returned to the U.S. District Court trial docket.

Read the rest of this entry »

SBCO

Thursday, February 5, 2015 – 08:45 a.m.

The California Nurses Association (CNA) appears to have secured a victory against San Bernardino County.

Read the rest of this entry »

Jon Ortiz

By Jon Ortiz
jortiz@sacbee.com
02/05/2015 7:54 AM

If you’re a state retiree or planning to become one, a piece of Gov. Jerry Brown’s 2015-16 budget proposal could hit your wallet.

Read the rest of this entry »

Port of Los Angeles

By JUSTIN PRITCHARD Associated Press

02/04/2015 7:01 PM

LOS ANGELES — West Coast seaports could shut down in as soon as five days — hobbling U.S. trade with Asia — if dockworkers and their employers cannot reach a new contract, the head of a maritime association warned Wednesday in remarks intended to pressure an agreement after nine months of negotiations.

Read the rest of this entry »

Lou Desmond

Wednesday, February 4, 2015 – 04:30 p.m.

Tonight on The Lou Desmond & Company Show, Tom Del Beccaro, former Chairman of the California Republican Party and author of The Divided Era, joins Lou to discuss an array of topics.

Read the rest of this entry »

calpers

CalPERS to receive more than $300 million from federal settlement with S&P

Sacramento-Business-Journal

Feb 3, 2015, 2:40pm PST
Allen Young
Staff Writer- Sacramento Business Journal

California’s giant public pension system said Tuesday it stands to receive $301 million from a settlement with Standard & Poor’s announced earlier in the day by federal and state prosecutors.

Read the rest of this entry »

Campaigns

By Sean Sullivan
February 3, 2015 at 8:28 PM

Congressional Republicans on Tuesday continued their assault on President Obama’s signature accomplishments and his ambitious budget proposal. But they faced stiff resistance from Democrats.

Read the rest of this entry »

Calpensions: Pension shareholder clout reshapes corporations

Corporate Governance

By Ed Mendel
February 2, 2015

A bitter breakup of a well-known Ohio company, Timken, approved by shareholders in a battle led by CalSTRS and one of its investment funds, Relational, has become a case study as activist shareholders try to squeeze more profit from companies.

Read the rest of this entry »

SacBee: Opinion: California’s budget saga sparks book

Dan Walters

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

Although the state budget is finally balanced after years of deficits, polls tell us that most Californians are still concerned about the state’s fiscal stability.

Their concern is well-placed.

Read the rest of this entry »

The PE: ECONOMY: ‘This recovery has legs,’ economist says

Chapman University

Growth in jobs and new home construction expected in 2015 in Inland region, Chapman University economist predicts.

Published: Jan. 30, 2015 – Updated: 10:06 p.m.

Consumers are in the best shape since the Great Recession, Chapman University economist Esmael Adibi said.

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

IEBusinessDaily: Time for Another Prop 13

Proposition 13

By IE Business Daily
January 31, 2015

In 1978, Californians passed Proposition 13 to cap property tax increases at two percent per year. At the time, and as we saw last decade, property values were increasing at such a fast pace, that many people had difficulty keeping up with the doubling and tripling of their property taxes. Seniors on fixed incomes were sometimes forced to sell their homes because the taxation levels exceeded their ability to pay the taxes.

Read the rest of this entry »

The Lou Desmond & Company Show: The Inland Empire Economy

Lou Desmond

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

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

Read the rest of this entry »

DailyBulletin: ONT airport passenger activity rises in 2014

Ontario International Airport

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

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

Read the rest of this entry »

federal reserve

By Jim Puzzanghera
January 27, 2015

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

Read the rest of this entry »

AP: Record iPhone Sales Drive Blowout Quarter for Apple

Apple Inc.

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

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

Read the rest of this entry »

freddie-mac-fannie-mae-logo

By Jim Puzzanghera
January 27, 2015

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

Read the rest of this entry »

unemployment

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

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

Read the rest of this entry »

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

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

Read the rest of this entry »

InlandPolitics: Private Equity looking at parent of Inland newspapers

The Sun

inland valley daily bulletin

Redlands Daily Facts

Related Posts: InlandPolitics: Newspaper decline continues

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

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

Read the rest of this entry »

The Lou Desmond & Company Show: Local News & the Inland Empire Economy

Lou Desmond

Monday, January 26, 2015 – 05:00 p.m.

Tonight on The Lou Desmond & Company Show, Jay Prag, Clinicial Associate Professor at the Drucker School of Management at Claremont Graduate University, joins Lou.

Read the rest of this entry »

Jerry Brown

The financial crisis has passed and the economy is rebounding, but the fight over taxes is about to resume between Governor Jerry Brown and members of the California legislature. (Max Whittaker/Getty Images)

Juliet Williams | AP
January 25, 09:16 AM

Gov. Jerry Brown orchestrated the successful push for temporary sales and income taxes on Californians three years ago to help ease the state out of recession and close a multibillion-dollar budget gap.

Read the rest of this entry »

Jon Ortiz

By Jon Ortiz
jortiz@sacbee.com
01/26/2015 7:31 AM

After years of making concessions to Gov. Jerry Brown, California labor leaders had hoped that the fourth-and-final-term Democrat finally would be in a giving mood.

Read the rest of this entry »

SacBee: Opinion: Road tax diversions and reality

Dan Walters

By Dan Walters
dwalters@sacbee.com
01/25/2015 9:25 PM

A recent column about a growing backlog of deferred maintenance in the state highway system and the difficulty of raising more revenue for roadwork generated an unusually high number of reader reactions.

Read the rest of this entry »

InlandPolitics: Taxes: Here we go!

Taxes

Sunday, January 25, 2015 – 11:00 a.m.

Well it didn’t take long for the higher tax shoe to drop in the country’s tax leader, California.

Read the rest of this entry »

The Sun: Inland Empire jobless rate falls

unemployment down

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

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

Read the rest of this entry »

Lewis-Group-of-Companies

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

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

Read the rest of this entry »

Inland-Empire-Political-News-Political-Whispers

By IE Business Daily
Saturday January 24, 2015

Online and phone based applications are creating hysteria for local, state and federal government agencies and bureaucrats.

Read the rest of this entry »

SacBee: Opinion: Schools get big bucks, still behind

Dan Walters

By Dan Walters
dwalters@sacbee.com
01/24/2015 8:36 PM

Gov. Jerry Brown says that if his 2015-16 budget is adopted, California will be spending an average of $13,462 on each of its 6 million K-12 students, or about $81 billion.

Read the rest of this entry »

SacBee: California state pay increased $1.1 billion last year

 

Graph - CA State Payroll 2015

(Sacramento Bee research/California State Controller’s Office)

By Jon Ortiz and Phillip Reese
jortiz@sacbee.com
01/23/2015 10:53 PM

California state workers’ salaries rose a total $1.1 billion last year, according to new payroll data, while the number of state employees also grew.

Read the rest of this entry »

SacBee: Jerry Brown, Janet Napolitano form committee of two

Jerry Brown

Gov. Jerry Brown, right, gestures while speaking out against tuition increases as Lt. Gov. Gavin Newsom, left, listens during a November meeting of the University of California Board of Regents in San Francisco. (Eric Risberg/ The Associated Press)

By David Siders and Alexei Koseff
dsiders@sacbee.com
01/21/2015 11:46 PM

University of California President Janet Napolitano could hardly have been more dismissive when Gov. Jerry Brown proposed in November that, instead of threatening to raise tuition, UC create a commission to find ways to reduce costs.

Read the rest of this entry »