Archive for the ‘ Economy ’ Category

The Sun: Business leaders optimistic at Inland Empire economic conference

UCR

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/23/14, 9:17 PM PDT |

RIVERSIDE >> Optimism about the regional and national economy was abundant at the 2014 Riverside/San Bernardino Economic Forecast Conference hosted Thursday by Los Angeles-based Beacon Economics and the UC Riverside School of Business Administration.

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interest_rates

By E. Scott Reckard
October 23, 2014

The lowest mortgage rates of the year sank a bit lower this week, with Freddie Mac reporting that lenders were offering 30-year fixed loans at an average of 3.92%, down from 3.97% a week ago.

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LATimes: Strong growth is forecast for Inland Empire

Inland Empire

By Chris Kirkham
October 23, 2014

It was among the nation’s hardest-hit local economies during the Great Recession, beset by staggering numbers of foreclosures and one of the highest jobless rates in California.

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LATimes: Business economists report solid but slowing growth in third quarter

NABE

By Jim Puzzanghera
October 20, 2014

Business economists reported solid but slowing growth at their companies over the summer as gauges of sales, hiring and profit margins fell slightly from the second quarter, according to survey results released Monday.

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LATimes: California unemployment rate drops to 7.3% in September

unemployment down

By Chris Kirkham
October 17, 2014

California’s unemployment rate dropped to 7.3% in September — the lowest in more than six years — though the total number of jobs declined by 9,800 last month, according to state data.

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LATimes: Home sales post gains

For Sale

Higher prices have pushed many investors and cash buyers out of the market, while still-low interest rates and an improving economy are luring more so-called regular buyers. Above, a home for sale in Long Beach. (Cheryl A. Guerrero / Los Angeles Times)

By Tim Logan
October 13, 2014

Southern California’s housing market is starting to pick up the pace.

Home sales in the six-county Southland grew for the first time in a year in September as prices moderated from last year’s torrid gains, according to figures out Monday.

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VVDailyPress: Feds send Barstow casino notices to agencies

Los Coyotes Casino

Conceptual rendering of the proposed Barstow Casino. (Photo courtesy of www.barstowcasinoproject.com)

MIKE LAMB
STAFF WRITER
Posted Oct. 12, 2014 @ 2:31 pm
Updated Oct 12, 2014 at 2:44 PM

BARSTOW — Local government agencies would lose some property tax revenue if land being targeted for an Indian casino is put into a trust for development, but one Barstow City Councilman says that shouldn’t be a concern.

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LATimes: Four-week average of unemployment claims lowest since 2006

Unemployment Benefits Application

By Jim Puzzanghera
October 9, 2014

Average weekly unemployment claims over the last month hit an eight-year low, the government reported, in another positive sign for the labor market recovery.

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By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/08/14, 5:05 PM PDT | Updated: 3 hrs ago

ONTARIO >> The second highest ranking Democrat in the U.S. House of Representatives shared his vision for national economic growth at a forum in Ontario on Wednesday hosted by State Sen. Norma Torres, and the Inland Empire Economic Partnership business advocacy group.

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DailyBulletin: Unemployment rate continues to drop across Inland Empire, nation

Inland Empire

By Kevin Smith, San Gabriel Valley Tribune
and Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/03/14, 9:10 PM PDT |

The nation’s unemployment rate dropped to 5.9  percent, its lowest level in more than six years, after U.S. employers added 248,000 jobs in September, according to the latest data from the U.S. Department of Labor.

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Home Construction

Construction workers pour a concrete slab for a home under construction in Rancho Cucamonga on Wednesday. The median price for a single-family home in the Inland Empire rose 16.5 percent, to $267,000, in the space of a year. (Will Lester – staff photographer)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 10/01/14, 8:05 PM PDT | Updated: 1 min ago

A new report on the Inland Empire economy released Wednesday by the Los Angeles-based economic research firm Beacon Economics finds home prices rising in a region experts say is a major growth area for the state.

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Housing Bubble

Los Angeles and Orange Counties are two of the three most overvalued housing markets in the country, according to a new report from Trulia.

By Tim Logan
October 2, 2014

Southern California’s housing markets are among the most overvalued in the nation, according to a new report. But the closest thing in this country to a housing bubble is actually in Texas.

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LATimes: Pending home sales dip in August as investors pull back

Home for sale

Pending home sales slowed a bit in August, a real estate trade group reported Monday. (Bryan Chan / Los Angeles Times)

By Tim Logan
September 29, 2014

The number of people who signed contracts to buy homes in August dipped slightly, though it remains near its highest level in a year.

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SacBee: California harvest much smaller than normal across crops

By Dale Kasler
dkasler@sacbee.com
Published: Sunday, Sep. 28, 2014 – 12:00 am

It’s harvest time in much of California, and the signs of drought are almost as abundant as the fruits and nuts and vegetables.

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LATimes: Economy grew 4.6% in 2nd quarter, stronger than earlier estimated

GDP

The second-quarter economic rebound was stronger than initially thought at 4.6% annual rate.

By Jim Puzzanghera contact the reporter

The U.S. economy grew at a 4.6% annual rate this spring, rebounding more strongly than initially estimated from a weather-related winter contraction, the Commerce Department said Friday.

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The Sun: Logistics centers could bring thousands of jobs to the Inland Empire

Goodman Birtcher Logistics Center

An artist’s rendering of the Goodman Birtcher logistics center planned in Fontana. (Courtesy of Goodman Birtcher)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 09/20/14, 6:32 PM PDT |

Two new large warehouse distribution centers are planned for Fontana and Eastvale that would bring thousands of new jobs to the Inland Empire.

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LATimes: California adds 44,200 jobs in August

Jobs

California jobs
By Tiffany Hsu and Chris Kirkham
September 19, 2014

California outpaced its recent job growth as employers added 44,200 nonfarm positions in August — far more than any other state.

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The PE: ECONOMY: Inland Empire incomes rising, poverty falling

California Poverty

Census numbers for the Inland area indicate the economy is inching toward rebirth. But they also indicate that our employment picture needs a lot more work.

BY DAVID OLSON / STAFF WRITER
Published: Sept. 17, 2014 Updated: 10:56 p.m.

In another sign that the Inland region is slowly emerging from years of economic decline, area residents’ incomes finally rose in 2013, and the poverty rate began to fall, according to U.S. Census Bureau estimates released late Wednesday.

To read story by David Olson in The Press-Enterprise, click here.

LATimes: California bouncing back after a slow start to 2014, report says

Home Construction

A new report from Beacon Economics and City National Bank points to a comeback in the Inland Empire. Above, homes being built in Rancho Cucamonga. (Gina Ferazzi / Los Angeles Times)

Economic comeback in the Inland Empire helps drive California recovery, report says
September 15, 2014

The economic recovery in California struggled through the first half of the year but now is picking up speed, driven by improvements in the real estate and the job markets, according to a quarterly report from Beacon Economics and City National Bank.

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LATimes: Housing price cuts point to a shift in Southland market

For Sale

Housing price reductions are rising in the Southland

By Tim Logan, Andrew Khouri

The latest sign that buyers are gaining leverage in Southern California’s housing market: Price cuts are back.

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DailyBulletin: Inland Empire logistics sector poised for growth with cargo increases

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 09/11/14, 8:53 PM PDT |

The volume of goods coming in and out of the ports of Long Beach and Los Angeles over the next 20 years is expected to double and fuel expansion of the logistics sector in the Inland Empire, according to regional economy advocates.

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For Sale

By Gregory J. Wilcox, Los Angeles Daily News
Posted: 09/11/14, 11:32 AM PDT | Updated: 9 hrs ago

Southern California’s housing market chilled out in August with sales sinking to a four-year low for the month while the median price rose to a post-recession high, CoreLogic DataQuick reported Thursday.

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LATimes: California economy will keep plodding through ’16, UCLA forecast says

UCLA Anderson_logo

The U.S. economy will be marginally stronger in 2016, according to the UCLA Anderson Forecast. Real gross domestic product is expected to swing up 3.1% next year and 3.4% in 2016.

By Tiffany Hsu
September 11, 2014

California’s “painfully plodding” economic recovery will continue its slow march through 2016, according to the quarterly UCLA Anderson Forecast.

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DailyBulletin: Survey predicts tough job market, lower wages

Economy

By Kevin Smith, San Gabriel Valley Tribune
Posted: 09/08/14, 6:31 PM PDT | Updated: 1 min ago

Looking for full-time work?

Good luck, because a new survey from Harvard Business School reveals that U.S. business leaders are reluctant to hire full-time employees and would rather invest in technology, outsource work to third parties or hire part-time workers.

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Harvard Business

BOSTON — Monday Sep 8, 2014 – 4:12pm EDT

(Reuters) – The widening gap between America’s wealthiest and its middle and lower classes is “unsustainable”, but is unlikely to improve any time soon, according to a Harvard Business School study released on Monday.

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InlandPolitics: A few takes, questions from California Governor debate

Jerry Brown

Brown

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

The debate between California Governor Jerry Brown and republican Neel Kashkari, held Thursday night, was somewhat entertaining.

Brown, in his elderly style, routinely patted Kashkari on the head, while Kashkari kept raising Brown’s blood pressure, by poking at him on issues.

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Jobs

September 5, 2014 – 3:37 PM
By CHRISTOPHER S. RUGABER, Associated Press

WASHINGTON (AP) — A surprising drop in hiring and in the number of people seeking work in August sent a reminder that the U.S. economic recovery is still prone to temporary slowdowns.

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Labor Force Participation - August 2014

September 5, 2014 – 9:07 AM
By Ali Meyer

(CNSNews.com) – A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics.

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Bloomberg/Businessweek: Megadroughts Worse Than the Dust Bowl Could Hit the Southwest

Bloomberg-Businessweek

By Karen Weise
September 04, 2014

The drought in California has already devastated the environment and upended the state’s economy. Imagine if it were to last for a decade. Or four decades. Or longer. So-called megadroughts are increasingly likely as the earth warms, according to a new scientific paper that paired historic drought patterns with climate change models.

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LATimes: California trails Texas in exports and related jobs, report finds

Texas Flag + California Flag

By Tiffany Hsu
September 4, 2014

California is home to the busiest port complex in the country and the largest manufacturing center, but where exports are concerned, it’s neither the heaviest mover nor the top employer.

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By Kate Linthicum
September 4, 2014

A report released Wednesday by researchers at USC found that immigrants who are in California illegally make up nearly 10% of the state’s workforce and contribute $130 billion annually to its gross domestic product.

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SacBee: Dan Walters: ‘California Comeback’ hasn’t helped everyone

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Monday, Sep. 1, 2014 – 12:00 am
Last Modified: Monday, Sep. 1, 2014 – 9:57 am

As Gov. Jerry Brown runs for re-election, he has adopted “California Comeback” – voiced during his State of the State address in January – as his informal slogan.

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Hmmm

By Kenneth R. Harney
August 31, 2014

WASHINGTON — If you’ve got it, tap it. That appears to be the strategy for growing numbers of homeowners across the country who have begun taking out home equity credit lines at a rapidly accelerating pace.

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LATimes: Slow wage growth threatens California economic recovery, report finds

California Money

By Chris Kirkham
August 30, 2014

California’s economic recovery has featured a growing share of lower-wage jobs, raising concerns about the opportunities for middle-class workers hit hard by the Great Recession, a new analysis finds.

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LATimes: L.A.-O.C. housing market is least affordable in U.S., Zillow says

Up Arrow

Prices have grown much faster than incomes in the last few years, a Zillow research director said. That’s pushing L.A. housing out of reach for many.

By Tim Logan
August 20, 2014

Los Angeles and Orange counties are the least-affordable housing market in the country. And it’s likely to only get worse.

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LATimes: Report that calls California expensive for businesses sparks debate

California Money

By Marc Lifsher
August 17, 2014

California is one of the most expensive states for businesses to operate, mainly because of high pay and related labor costs, says a new report commissioned by an arm of the state Chamber of Commerce.

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The Sun: Despite slight unemployment rate rise, Inland Empire jobs growing

unemployment

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 08/15/14, 8:55 PM PDT |

The Inland Empire unemployment rate rose slightly to 9.2 percent in July, the California Employment Development Department reported Friday.

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unemployment

By Chris Kirkham
August 15, 2014

California added more than 27,000 jobs in July, but the state unemployment rate remained flat at 7.4% as the size of the labor force shrank slightly from last month’s estimates.

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DailyBulletin: Southern California home sales fall, median price drops

Home for sale

A for-sale home in the 3200 block of Hacienda Drive in Duarte is shown here. Southern California home sales hit a three-year low for the month of July, hampered by rising prices, a limited supply of homes and a decrease in investor activity. (Photo by Watchara Phomicinda/ San Gabriel Valley Tribune)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 08/14/14, 8:18 PM PDT |

Southern California home sales hit a three-year low for the month of July and the region’s median home price dipped to $413,000, industry tracker CoreLogic DataQuick reported Wednesday.

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interest_rates

By E. Scott Reckard
August 14, 2014

The cost of getting a home loan has slipped back to the lowest level of the year, with Freddie Mac pegging the average rate for a 30-year fixed mortgage early this week at 4.12% compared to last week’s 4.14%.

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LATimes: Southern California home sales plunge in July

down-arrow

By Andrew Khouri
August 13, 2014

Southern California home sales plunged in July and show little signs of rebounding. And that, economists say, could stunt the region’s economic growth.

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LATimes: Lower-paying jobs dominate economic recovery, study finds

Jobs

By Chris Kirkham
August 11, 2014

The U.S. economy earlier this year recovered all the jobs lost during the recession, but those new jobs pay an average of 23% less than the ones lost in the downturn, according to an analysis released Monday by the U.S. Conference of Mayors.

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InlandPolitics: This and That!

Edit

Sunday, Augusr 10, 2014 – 11:00 a.m.

Here’s some news flowing across the transom last week. In case you missed it!

Unemployment claims drop by 18,000

First-Time Jobless Claims dropped by 18,000 to 289,000, according to Thursday’s report by the Labor Department. The four-week moving average of 293,500 is the lowest since 2006. The claims estimate was for 305,000.

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The PE: INLAND: Home construction industry building momentum

Home Construction

Builders are reviving Inland housing projects in master-planned developments derailed by the recession. Development areas include Riverside, Chino, Temecula, Ontario, Banning/Beaumont, Coachella, Calimesa, Lake Elsinore, Menifee, Murrieta, Rancho Cucamonga, San Jacinto, Redlands.

BY DEBRA GRUSZECKI / STAFF WRITER
Published: Aug. 9, 2014 Updated: 7:57 p.m.

Across the Inland region, developers are looking with renewed interest at thousands of acres where residential communities were approved or under construction when the recession hit – but never finished.

From Temecula and Riverside to Redlands and Ontario and beyond, construction crews are at work on developments that had languished for years as the Inland region crawled through economic hard times.

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

The PE: REAL ESTATE: Rising home prices take noticeable bite out of buying power

Home-Sales-R

While home prices have rise risen, income gains have not kept pace

Published: Aug. 8, 2014 Updated: 10:31 p.m.

Home affordability is a growing concern in Southern California, so much so that some real estate analysts are watching for signs of a post-recession housing bubble.

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

SacBee: Dan Walters: Legislature ducking debate on big fuel price hike

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Thursday, Aug. 7, 2014 – 9:06 pm
Last Modified: Friday, Aug. 8, 2014 – 12:07 am

When the Legislature adjourns this month, it will likely leave Assembly Bill 69 still sitting in the Senate Rules Committee, thereby avoiding an election-year debate on whether California motorists should cough up billions of extra dollars when they buy gas.

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LATimes: Many Americans are still struggling financially

economy

By Don Lee
August 7, 2014

Four in 10 U.S. households are straining financially five years after the Great Recession — many struggling with tight credit, soaring education debt and profound issues related to savings and retirement, according to a new Federal Reserve survey.

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VVDailyPress: County leaders stress job growth

SBCO Seal

SHEA JOHNSON
STAFF WRITER
Posted Aug. 6, 2014 @ 7:12 pm
Updated Aug 6, 2014 at 7:17 PM

VICTORVILLE — San Bernardino County supervisors and CEO Greg Devereaux on Wednesday touched upon a myriad of subjects affecting the county, including a push for technical education, the need for more private sector jobs and the ongoing impact of prison realignment.

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InlandPolitics: This and That!

Edit

Monday, August 4, 2014 – 09:00 a.m.

Here’s some news flowing across the transom from the week of August 28, 2014. In case you missed it!

U.S. Gross Domestic product climbs 4.0% in Q2

The second quarter initial reading on U.S. Gross Domestic Product (GDP) came in at a healthy 4.0%.

Read the rest of this entry »

LATimes: Freelance workers a growing segment of California economy

By Tiffany Hsu
August 2, 2014

A short gig doing security for the True Blood television show. A stint driving for a rental car company. A week as a customer service representative at a retail store.

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LATimes: U.S. economy grows at 4% annual rate in second quarter

Economy

By Jim Puzzanghera, Don Lee
July 30, 2014

The economy’s strong second-quarter growth showed the recovery has regained momentum after a brutal winter and could signal a quicker end to the era of rock-bottom interest rates.

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McClatchyDC: Fed taper continues, on pace to end in October

The facade of the U.S. Federal Reserve building is reflected on wet marble during the early morning hours in Washington

By Kevin G. Hall
McClatchy Washington Bureau
July 30, 2014

WASHINGTON — Citing the improving economy and a firming jobs markets, the Federal Reserve announced Wednesday it was again trimming its monthly purchases of government and mortgage bonds by another $10 billion and is on pace to end the program this year.

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The Sun: Ontario airport, area hotels report some growth in 2014

ontario airport

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 07/27/14, 9:28 PM PDT | Updated: 37 secs ago

Ontario and Rancho Cucamonga hotels near the L.A./Ontario International Airport are reporting occupancy growth this year, as airport officials report some growth in passenger traffic during the first half of 2014.

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The Sun: Inland Empire housing market still in flux

Arrow

By Gregory J. Wilcox, Los Angeles Daily News
Posted: 07/27/14, 6:24 PM PDT | Updated: 1 min ago

It was supposed to be a breakout year for home sales.

But after years of recession that bulldozed the Inland Empire housing market, there are still glitches in the road to recovery.

Read the rest of this entry »

LATimes: Housing labor shortage turning more severe, boosting home prices

Home Construction

By Lew Sichelman
July 26, 2014

If your builder is late delivering your new house, don’t be too upset. You are not alone. New home buyers almost everywhere are probably experiencing the same thing.

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LATimes: Gasoline prices falling in California, across nation

Fuel Gas

The average price for regular gasoline in California fell below $4 a gallon on Friday, according to one gauge.

By Andrew Khouri
July 25, 2014

California gasoline prices are falling, welcome news for motorists amid the summer driving season.

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DailyBulletin: CSUSB study highlights public perception of Inland Empire economy

California State University - San Bernardino

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 07/22/14, 9:47 PM PDT | Updated: 1 min ago

Upland resident Mirella Lozano has hope.

Despite being unemployed for five years, he’s optimistic about San Bernardino County’s job market.

Read the rest of this entry »

Economy

By Bernard Condon
Associated Press
Posted: 07/22/2014 11:58:06 AM PDT0 Comments
Updated: 07/22/2014 04:52:56 PM PDT

NEW YORK — Just as the U.S. economy is strengthening, other countries are threatening to drag it down.

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InlandPolitics: This and That!

Edit

Tuesday, July 22, 2014 – 11:30 a.m.

Here’s some news flowing across the transom this Tuesday morning. In case you missed it!

Appeals court deals blow to Obamacare

The D.C. Circuit Court of Appeals has ruled subsidies paid under The Affordable Care Act in states where no exchanges exist are illegal. Meanwhile, within hours, a Virginia Circuit Court of Appeals ruled exactly the opposite.

Read the rest of this entry »

VVDailyPress: Economist sees full recovery in 15 months

John Husing

UNEMPLOYMENT
Region could make up all jobs lost in Great Recession by September 2015
SHEA JOHNSON
STAFF WRITER
Posted Jul. 22, 2014 @ 7:48 am / Updated at 7:53 AM

Even as the region lags behind the state, the economy in San Bernardino and Riverside counties is on track to fully recover all the jobs it lost during the Great Recession by September 2015, noted economist John Husing said Monday.

Read the rest of this entry »

unemployment

By Kevin Smith, San Gabriel Valley Tribune
Posted: 07/18/14, 6:13 PM PDT | Updated: 49 secs ago

California’s economic recovery hit a milestone last month as the state finally regained all of the jobs it lost in the Great Recession.

Read the rest of this entry »

CapitolWeekly: District by district, data tells the tale in California

California

By CONNOR GRUBAUGH
Posted 07.17.2014

While most indicators signal an economic upswing in California, the reality facing many residents of the Golden State is simple: On the ground, the recovery is still sluggish.

Read the rest of this entry »

WSJ: For Fed, Raising Rates Won’t Be Easy

federal reserve

The Wall Street Journal
By Justin Lahart
JUly 13, 2014

Any time the Federal Reserve raises interest rates, there is risk to the economy. The next time it does so will be far more fraught than ever before.

The Federal Reserve is hoping it will be able to raise rates without rattling markets. Doing so after injecting so much money into the banking system may not come easily.

Read the rest of this entry »

VVDailyPress: SCLA expansion hinges on developing open spaces

SCLA

A worker at Southern California Logistics Airport works on an aircraft engine. (Sarah Alvarado/Daily Press)

SHEA JOHNSON
STAFF WRITER
Posted Jul. 12, 2014 @ 7:09 pm
Updated Jul 12, 2014 at 7:22 PM

VICTORVILLE — Parked airplanes dotted a wide expanse of concrete, nestled in hangars and lined up in rows in areas often mistaken for boneyards. During a recent tour of Southern California Logistics Airport, the massive logistics and industrial park seemed rather quiet while certain corners faded into the abandoned George Air Force Base housing not far away.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Sunday, Jul. 13, 2014 – 12:00 am

Were California a nation, we learned last week, its $2.2 trillion economy could claim eighth place in international economic standings, having bypassed Italy and Russia in the last year.

Read the rest of this entry »

DailyBulletin: Restaurant development moving forward in Inland Empire

Colonies Crossroads Shopping Center

Restaurant development across the Inland Empire is on the rise as the economy improves. Panera Bread, Pick Up Stix, Chipotle and The Habit are among the new offerings at The Colonies Shopping Center in Upland. (Neil Nisperos — Staff)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 07/09/14, 9:43 PM PDT |

Newer large shopping centers in the region have opened with a slate of new eateries in the past year and more may arrive in the coming months.

The trend indicates a return to normalcy for the regional economy, as restaurant construction and openings had stagnated during the recession and business slowdown.

Read the rest of this entry »

The facade of the U.S. Federal Reserve building is reflected on wet marble during the early morning hours in Washington

The facade of the U.S. Federal Reserve building is reflected on wet marble during the early morning hours in Washington, July 31, 2013. (REUTERS/Jonathan Ernst)

By Michael Flaherty and Alistair Bell
WASHINGTON Thu Jul 10, 2014 4:02am EDT

(Reuters) – A surge of Republican pressure is bringing the Federal Reserve’s long-held independence into question again, as conservative lawmakers seek to place the U.S. central bank under tougher scrutiny.

Read the rest of this entry »

Ontario International

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 07/08/14, 10:17 PM PDT | Updated: 43 secs ago

ONTARIO >> Following six consecutive years of decline, passenger traffic at LA/Ontario International Airports has apparently stabilized in the early part of 2014.

But members of the Ontario International Airport Authority are reluctant to equate the recent reports as good news for the medium-hub facility.

Read the rest of this entry »

SacBee: California has world’s eighth-largest economy, beating Russia, Italy

California Money

By Dale Kasler
dkasler@sacbee.com
Published: Tuesday, Jul. 8, 2014 – 12:00 am
Last Modified: Tuesday, Jul. 8, 2014 – 2:57 am

California’s economy has overtaken Russia and Italy, with the state now ranked as the world’s eighth-largest economy.

Read the rest of this entry »

DailyBulletin: ONT passenger traffic expected to remain steady for the year

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 07/03/14, 12:25 PM PDT | Updated: 33 secs ago

ONTARIO >> When the latest passenger traffic figures for L.A./Ontario International Airport were released, a different trend emerged from what the medium-hub facility has experienced in the past three years.

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The PE: RIVERSIDE COUNTY: Property values rise significantly

Riverside-County-Seal

The increase of roughly 8 percent is the highest since 2007, thanks in large part to higher home prices and fewer foreclosures

Published: July 5, 2014 Updated: 9:55 p.m.

Boosted by higher home prices and fewer foreclosures, the overall value of property in Riverside County will rise almost 8 percent this year, the largest percentage increase since before the Great Recession.

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

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Sunday, Jul. 6, 2014 – 12:00 am

From its inception – first as a Spanish colony, later as part of Mexico, briefly as an independent nation and finally as a state – California has been a youthful society.

Read the rest of this entry »

InlandPolitics: This and That!

Edit

Thursday, July 3, 2014 – 10:15 a.m.

Here’s some news flowing across the transom Thursday morning.

Official unemployment rate falls in June

According to the U.S. Department of Labor, 288,000 jobs were added in June. The number dropped the official unemployment rate (U-3) to 6.1%

Read the rest of this entry »

Ontario International Airport

Inland Valley Daily Bulletin L.A./Ontario International Airport General Manager Jess Romo says he welcomes the recent passenger traffic figures which seem to indicate the medium hub facility is moving away from years of decline.

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 07/02/14, 9:32 PM PDT |

ONTARIO >> Jess Romo, general manager of LA/Ontario International Airport, says he welcomes the recent passenger traffic figures which reveal that the medium hub facility is moving away from years of decline.

Read the rest of this entry »

SacBee: California’s huge 65-plus population poised for big growth

Capitol Alert
The latest on California politics and government
June 30, 2014

Thanks to high birth and immigration rates over the last several decades, California has one of the nation’s lowest proportions of over-65 residents – but it also has one of its higher elderly growth rates, a new Census Bureau report reveals.

Read the rest of this entry »

Field Poll

By Christopher Cadelago
ccadelago@sacbee.com
Published: Thursday, Jun. 26, 2014 – 12:00 am
Last Modified: Thursday, Jun. 26, 2014 – 8:28 am

Tracey La Monica lost her job at a nonprofit organization four years ago as the state’s economy sputtered amid the global economic crisis. Although she soon landed employment, La Monica said she believes the slow recovery continues to weigh heavily on California.

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InlandPolitics: This and That!

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Wednesday, June 25, 2014 – 09:45 a.m.

Here’s some news flowing across the transom Wednesday, in case you missed it.

First-Quarter GDP goes in the tank

First-Quarter Gross Domestic Product (GDP), the output of all goods and services produced, contracted more than first reported.

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InlandPolitics: This and That!

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Tuesday, June 24, 2014 – 10:00 a.m.

Here’s some news flowing across the transom Tuesday morning, in case you missed it.

U.S. Consumer Confidence Index hits post-recession high

The Consumer Confidence Index hit 85.2 in June, according to the Conference Board.

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DailyBulletin: California sees job gains, dip in unemployment

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By Kevin Smith, San Gabriel Valley Tribune
Posted: 06/20/14, 5:42 PM PDT | Updated: 43 mins ago

Job growth dipped sharply in California last month but the state’s unemployment rate hit its lowest level since August 2008.

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The Inland Empire is projected to be one of the fastest-growing metro areas in the country through 2020, according to a new report. (Katie Falkenberg / Los Angeles Times)

The Inland Empire is projected to be one of the fastest-growing metro areas in the country through 2020, according to a new report. (Katie Falkenberg / Los Angeles Times)

Chris Kirkham
June 20, 2104

The Inland Empire east of Los Angeles is projected to be one of the fastest-growing large metropolitan area economies in the country over the next six years, according to a forecast released Friday at the United States Conference of Mayors.

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The Sun: Economist: Logistics key to Inland Empire economic growth

Economy - What's Next

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 06/19/14, 7:25 PM PDT | Updated: 16 secs ago

Regional economist Christopher Thornberg, a frequent commentator on national television and print media, told a gathering of the local commercial real estate professionals on Thursday that the warehousing and shipment of goods is going to be the major economic engine for the continued growth of the Inland Empire.

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InlandPolitics: This and That!

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Thursday, June 19, 2014 – 11:00 a.m.

Here’s some news flowing across the transom Thursday morning, in case you missed it!

High Desert cities approve budgets

Two High Desert cities have approved balanced budgets, for their 2014-15 fiscal years.

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InlandPolitics: This and That!

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Wednesday, June 18, 2014 – 10:30 a.m.

Here’s some news flowing across the transom Wednesday morning, in case you missed it!

U.S. revenues hit all-time record, still running deficit

The amount of money the U.S. Government took in, through the month of May, has hit a new record of $1.93 trillion.

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National Community Renaissance

By Ryan Hagen, The Sun
Posted: 06/16/14, 10:34 PM PDT | Updated: 1 min ago

SAN BERNARDINO >> The nonprofit group behind the Waterman Gardens Affordable Housing Project will build 75 affordable units at Ninth Street and Valencia Avenue, replacing that number of low-income apartments at Waterman Gardens with ones sold at market rate.

The switch follows a 6-1 vote at Monday’s City Council meeting, with Councilman John Valdivia opposing the plan.

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InlandPolitics: Is there a new investor bubble?

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Tuesday, June 17, 2014 – 11:00 a.m.
Last Modified: Wednesday, June 18, 2014 – 12:30 a.m.

One has to wonder what’s coming down the road for the economy. There’s no debate that the Federal Reserve was responsible for the Internet and real estate bubbles, of the past.

The big question here is how big is the new Federal Reserve-driven stock and real estate bubble?

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