Archive for the ‘ Economy ’ Category

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.

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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.

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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.

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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.

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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.

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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.

Read the rest of this entry »

InlandPolitics: This and That!

Edit

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!

Edit

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.

Read the rest of this entry »

DailyBulletin: California sees job gains, dip in unemployment

down-arrow

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.

Read the rest of this entry »

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!

Edit

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.

Read the rest of this entry »

InlandPolitics: This and That!

Edit

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.

Read the rest of this entry »

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?

question-mark

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?

Read the rest of this entry »

InlandPolitics: This and That!

Edit

Tuesday, June 17, 2014 – 10:00 a.m.

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

Inland Cities budget woes ease

Several Inland Empire cities are facing a less dicier budget picture in their upcoming fiscal years.

Read the rest of this entry »

InlandPolitics: Could San Bernardino use shuttered hotel for homeless?

San Bernardino City Hall

Sunday, June 15, 2014 – 09:30 a.m.

Could bankrupt San Bernardino use the shuttered Maruko Hotel for the homeless?

It’s an interesting question that proves a point.

Read the rest of this entry »

IEBusinessDaily: San Bernardino’s Future Rides on Bankruptcy Decision

Inland-Empire-Political-News-Political-Whispers

IE Business Daily

Saturday, June 14, 2014

Elections, Recalls, Charter Amendments, Labor Negotiations, and Pension Reform are all ideas bandied about in the effort to right the financial ship of the City of San Bernardino.

Read the rest of this entry »

Sanbag - Ben Stein

Actor and economist Ben Stein speaks at the fourth annual San Bernardino Associated Governments general assembly at Citizens Business Bank Arena in Ontario Thursday. (Neil Nisperos — staff photograhper)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 06/12/14, 10:07 PM PDT | Updated: 49 secs ago

San Bernardino Associated Governments, the county’s transportation planning agency, held its fourth annual general assembly Thursday night at Citizens Business Bank Arena in Ontario to recognize the past year’s accomplishments, tout upcoming projects, and to celebrate a county-wide vision toward improving the well-being of residents.

Read the rest of this entry »

UCLA Anderson_logo

Chris Kirkham
June 13, 2014

Job growth in much of California has outpaced the national average over the last year, signaling a continued economic rebound for the state in the coming years, according to the quarterly UCLA Anderson Forecast released Thursday.

Read the rest of this entry »

InlandPolitics: San Bernardino: Business just keeps on getting better!

Hotel San Bernardino

Friday, June 13, 2014 – 02:30 p.m.

It just keeps getting better and better for beleaguered San Bernardino, California.

As previously discussed this week. The Hilton Hotel, located in the city’s Hospitality Lane Business District, has been sold and reopened under a new trade name.

Read the rest of this entry »

Reuters: California’s revenues fell short in May the first time in six months

down-arrow

By Robin Respaut
Wed Jun 11, 2014 – 12:30pm EDT

(Reuters) – For the first time in six months, the state of California’s revenues in May fell short, by $389.1 million, or 5.5 percent, of Governor Jerry Brown’s proposed budget.

Read the rest of this entry »

InlandPolitics: Commentary: Little return on invested funds?

red-ink

Wednesday, June 11, 2014 – 10:30 a.m.
Last Modified: Wednesday, June 11, 2014 – 05:00 p.m.

The bad news just keeps piling up for bankrupt San Bernardino, and the surrounding area, these days. A city, and area, that has been the beneficiary of more than $ 1.026 Billion in government projects over the past several years.

That’s right. I did say billion!

Read the rest of this entry »

Student Loan Debt

By MARK LANDLER
JUNE 9, 2014

WASHINGTON — President Obama signed an executive order on Monday intended to lessen the college loan burden on nearly five million younger Americans by capping repayments at 10 percent of the borrowers’ monthly income.

Read the rest of this entry »

InlandPolitics: Will makeover solve SBD airport woes?

SBD International Airport

Monday, June 9, 2014 – 08:30 a.m.

It’s round twenty for San Bernardino International Airport (SBD).

While nearby Ontario International Airport struggles to regain passenger traffic count, officials at SBD are hoping that a new makeover will help the aging and dormant facility re-market itself.

Read the rest of this entry »

InlandPolitics: Business: East Valley business conditions troubling

question-mark

Sunday, June 8, 2014 – 12:00 p.m.

Some ominous business activity is raising questions over the actual health of the East San Bernardino Valley business climate.

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LATimes: Job recovery in Southern California is outpacing U.S. gains

Economy

Tiffany Hsu
June 6, 2014

Southern California fell harder in the recession than the rest of the country and took longer to recover, but now the region’s job gains are outpacing the national employment upswing.

Read the rest of this entry »

Goodman Logistics Center

COURTESY Rendering of the Goodman Logistics Center coming to Rancho Cucamonga.

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 06/05/14, 10:22 PM PDT | Updated: 53 secs ago

RANCHO CUCAMONGA >> A major global developer of warehousing and logistics centers is bringing a new facility to this city and it’s expected to bring thousands of jobs with it.

Read the rest of this entry »

SacBee: Dan Walters: State policies exacerbate poverty by raising living costs

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Sunday, Jun. 1, 2014 – 12:00 am

CNN, the television news network, offers a handy website calculator that allows a user to compare the cost-of-living differentials among the nation’s towns and cities.

Read the rest of this entry »

InlandPolitics: This and that!

Edit

Saturday, May 31, 2014 – 10:00 a.m.

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

Sterling Trust sells Los Angeles Clippers

The Sterling Family Trust and Shelly Sterling has agreed to sell the Los Angeles Clippers to Former Microsoft Executive Steve Ballmer for $2 billion.

Read the rest of this entry »

SFChronicle: Bill passes to push California’s minimum wage to $13 an hour

california_state_senate

Melody Gutierrez
Updated 1:03 am, Friday, May 30, 2014

(05-29) 18:40 PDT Sacramento — Calling last year’s minimum wage hike a good first step, the California Senate approved a measure Thursday that would further lift the pay floor to $13 an hour by 2017.

Read the rest of this entry »

DailyBulletin: New neighborhood opens at Colonies in Upland

Frontier Communities

Construction is underway at the new Magnolia Heights neighborhood at the Colonies in Upland earlier this month.

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 05/23/14, 7:56 PM PDT |

UPLAND >> One of the final pieces of the Colonies development has opened for business.

The new 97-home Magnolia Heights neighborhood has homes ranging in size from 1,829 to 2,331 square feet.

Read the rest of this entry »

Gallup: Jobs, Government, and Economy Remain Top U.S. Problems

Gallup

Twenty percent mention unemployment or jobs, up from 14% in April

May 19, 2014
by Rebecca Riffkin

WASHINGTON, D.C. — Twenty percent of Americans name unemployment or jobs as the most important problem facing the country in May, up from 14% who mentioned these issues in April. Dysfunctional government (19%) and the economy in general (17%) also rank among the top problems.

Democrats Say Unemployment Is Top Problem, Republicans Say the Economy Read the rest of this entry »

Politico: The unemployment insurance graveyard

Unemployment Benefits Application

There are 3.5 million people who have been jobless for more than 26 weeks.

Politico

By BURGESS EVERETT | 5/18/14 5:05 PM EDT

Senate negotiators toiled for months to revive long-term unemployment benefits in a manner that could draw the support of both centrist Republicans and liberal Democrats.

But in a few days, that effort will be all for naught.

Read the rest of this entry »

USAToday (CNBC): Gas prices shouldn’t be high, but are: What gives?

Gas Prices

Javier E. David, CNBC
May 18, 2014 – 7:16 a.m. EDT

Rumors about the demise of U.S. gasoline demand have been greatly exaggerated.

Until late 2013, most energy observers forecast the world’s most reliably gas-guzzling market to consume less fuel this year. What was once thought to be a structural decline in demand, however, has proven more durable than expected.

Read the rest of this entry »

The PE: ECONOMY: Shrinking Inland labor force a concern

Work Force

Published: May 16, 2014 – Updated: 10:50 p.m.

Employers in Inland Southern California are still posting “we’re hiring” signs over the front door, and that helped lower the unemployment level in the area to its lowest point in almost six years, a state report released Friday found.

To read story by Jack Katzanek in the Press-Enterprise, click here.

Economy

By Kevin Smith, San Gabriel Valley Tribune
Posted: 05/16/14, 6:28 PM PDT | Updated: 24 secs ago

Unemployment rates fell throughout California last month and jobs were added in record numbers, according to figures released Friday.

Read the rest of this entry »

cap-n-diploma

By Sarah Halzack
Saturday, May 17, 2014

It’s college graduation season, meaning throngs of young workers with freshly minted diplomas are hustling to land their first jobs. As the economy continues to slowly improve, it appears the class of 2014 is facing a sunnier job market for entry-level workers than was seen last year, with demand especially concentrated in the business and information technology areas.

Read the rest of this entry »

UTSanDiego: Defense contractor, 530 jobs leaving San Diego

Goodbye California

By Jonathan Horn
May 15, 2014

Defense contractor Pratt & Whitney AeroPower is moving out of San Diego.

The defense contractor announced Thursday that over the next two years it will close its facility on Ruffin Road, which employs 530 people. The facility is the base for the company’s division that manufactures airline auxiliary power units.

Read the rest of this entry »

The PE: REDLANDS: Homes of all sizes under construction

Redlands

May 10, 2014; 04:52 PM

On a clear day, the view is to die for.

Step onto one of the three decks running across the back of this under-construction house and there lies much of the city of Redlands, the entire San Bernardino Valley and the San Bernardino mountain range from the San Gorgonio Pass to the Cajon Pass and beyond.

To read story by Jan Sears in The Press Enterprise, click here.

The Sun: Economist offers plan to spur Inland Empire job growth

John Husing

Husing

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 05/10/14, 12:40 PM PDT |

Inland Empire economist John Husing is presenting legislative suggestions for lawmakers to relieve poverty in the region, linking the lack of job-creating manufacturing companies here to the instability of environmental policy and regulations in California.

Read the rest of this entry »

LATimes: Mortgage rates defy forecasts

For Sale

Demand for home loans been lower than expected as the housing market has cooled. (Daniel Acker / Bloomberg)

E. Scott Reckard
Friday, May 9, 2014

As 2014 arrived, experts were confident that the 30-year mortgage rate would rise to at least 5% this year as the Federal Reserve cut back a bond-buying program, which had depressed the rates to unheard-of lows in 2013.

Read the rest of this entry »

DailyBulletin: Fewer homes, more industry proposed at Rialto airport property

Lewis-Group-of-Companies

By Leslie Parrilla, San Bernardino Sun
Posted: 05/06/14, 5:59 PM PDT |

RIALTO >> As the closure of the Rialto airport nears reality next month, plans for the major residential and industrial project to replace it are being retooled, possibly to build fewer homes and more retail, while making way for large corporations in search of big lots to build campus-like settings.

Read the rest of this entry »

OCRegister: They’re rebuilding fancy homes, knowing that buyers will come

Business
Creating luxe homes on speculation in hot neighborhoods is gaining steam – and private equity funding helps
BY MARILYN KALFUS / STAFF WRITER
Published: May 2, 2014 Updated: May 5, 2014 6:25 a.m.

When Brian Sperry came across a two-story, waterfront home at the northern tip of Linda Isle with an expansive view of Newport Harbor last year, the real estate developer knew it presented the perfect opportunity. Forty years ago, the two-story house, with its Paso Robles stone columns and dark wood beams, graced the pages of Architectural Digest. Now it was outdated, a candidate for a teardown – but with 113 feet of bay frontage and a dock in one of Orange County’s priciest neighborhoods.

Read the rest of this entry »

Bureau of Indian Affairs

May 03, 2014 7:09 PM
MIKE LAMB, STAFF WRITER

BARSTOW • A Bureau of Indians Affairs official in the Pacific Regional office says the comment and review process for the proposed $160 million casino and resort off Lenwood Road could take two years or longer.

Read the rest of this entry »

Ontario International Airport

Brian Sumers
Posted: 05/02/14, 7:05 PM PDT |

Passenger traffic at Los Angeles International Airport increased nearly 6 percent in the first quarter of 2014 compared to the prior year, according to statistics released Friday by Los Angeles World Airports.

Read the rest of this entry »

DailyBulletin: Los Angeles sports scene riding a heat wave

Los Angeles ClippersLA Kings

By Vincent Bonsignore, Los Angeles Daily News
Posted: 05/02/14, 11:58 PM PDT | Updated: 59 secs ago

The heat wave rolling through Southern California did more than send locals scurrying inside for cover.

It set the tone for one of the hottest, craziest sports weeks we can remember.

Read the rest of this entry »

APphoto_Hot Sauce Controversy

Sriracha chili sauce is produced at the Huy Fong Foods factory in Irwindale, which owners are considering moving amid a legal fight with the city. (Nick Ut / AP / April 10, 2014)

Tim Logan
May 2, 2014, 9:39 a.m.

Texas lawmakers are making a play to steal California’s most famous hot sauce maker, the embattled Sriracha plant in Irwindale.

Read the rest of this entry »

Unemployment Benefits Application

By Steven Dennis
Posted at 5:36 p.m. on April 29

Updated 6:20 p.m. | Speaker John A. Boehner talked to the leading Republican pushing for an unemployment insurance extension, telling Sen. Dean Heller of Nevada on Tuesday that he won’t budge from demands for add-ons that would create jobs before he will put the measure on the House floor.

Read the rest of this entry »

LATimes: Toyota move shows state’s poor business climate, GOP candidates say

By Seema Mehta
April 28, 2014, 3:48 p.m.

Republican gubernatorial candidates Monday seized on Toyota’s decision to move 3,000 jobs from Torrance to Texas as evidence of California’s poor business climate and to lash out at Democratic Gov. Jerry Brown.

Read the rest of this entry »

LATimes: Toyota to move jobs and marketing headquarters from Torrance to Texas

Toyota Logo

Toyota’s move to suburban Dallas would put management of Toyota’s U.S. business close to where it builds most cars for the American market.

By Jerry Hirsch and David Undercoffler
April 27, 2014, 6:40 p.m.

Toyota Motor Corp. plans to move large numbers of jobs from its sales and marketing headquarters in Torrance to suburban Dallas, according to a person familiar with the automaker’s plans.

Read the rest of this entry »

InlandPolitics: Aviation: Another embarassment for San Bernardino Int’l Airport

boeing_1

Sunday, April 27, 2014 – 11:00 a.m.

Officials at troubled San Bernardino International Airport (SBIA) suffered another blow last week.

This time it’s courtesy of Boeing.

Read the rest of this entry »

VVDailyPress: Economists to offer insights into Victor Valley at economic summit

April 25, 2014 11:05 PM
RENE RAY DE LA CRUZ, STAFF WRITER

VICTORVILLE • Noted economists will help community and business leaders make sense of the Victor Valley’s future during the 2014 High Desert Economic Summit on Wednesday.

Read the rest of this entry »

The Sun: Construction starts in controversial ‘donut hole’ near Redlands

By Sandra Emerson, Redlands Daily Facts
Posted: 04/20/14, 8:14 PM PDT |

REDLANDS>> A City of Industry-based developer has broken ground on its second shopping center here, more than 10 years after its first center, Citrus Plaza, began to open — bringing resolution to years of legal battles and contention over the development.

Read the rest of this entry »

InlandPolitics: Is the economy as strong as people think?

Economy

Sunday, April 20, 2014 – 10:00 a.m.

Much effort is being put into making Americans believe the economy is building strength.

The assertion is prominent within government circles.

Read the rest of this entry »

LATimes: Student debt holds back many would-be home buyers

College Debt

Of the many factors holding back young home buyers — rising prices, tougher lending standards, a still-shaky job market — none looms larger than the recent explosion of college debt.

By Tim Logan
April 19, 2014, 6:33 p.m.

Sarah Luna wants to buy a home in up-and-coming northeast Los Angeles before it’s too late.

Read the rest of this entry »

The PE: ECONOMY: Unemployment held steady, job count a little weaker

economy

April 18, 2014; 04:05 PM

Employers in Inland Southern California continued to add people to their payrolls in March, although the pace of hiring appears to have eased slightly, a report released Friday, April 18 found.

To read story by Jack Katzanek in The Press Enterprise, click here.

VVDailyPress: Casino’s final impact statement released

Los Coyotes Casino

April 18, 2014 7:34 PM
MIKE LAMB, STAFF WRITER

BARSTOW • A proposed $160 million casino and resort off Lenwood Road near Interstate 15 has been cleared of any major negative impact on the environment by the U.S. Department of Interior.

Read the rest of this entry »

Venture Capital

Investors pour $9.5 billion into U.S. start-ups during the first quarter of 2014, the biggest amount since the second three months of 2001, when the so-called dot-com boom was gasping.

By Chris O’Brien
April 18, 2014, 7:01 p.m.

SAN FRANCISCO — With venture capital funding reaching levels not seen since the days of the dot-com bubble, analysts say the question of whether the tech boom in Silicon Valley is on the verge of sputtering is getting harder to dismiss.

Read the rest of this entry »

DailyBulletin: Inland Empire poised for economic growth

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 04/17/14, 7:46 PM PDT |

After languishing for several years, the Inland Empire economy is starting to look a lot brighter.

Read the rest of this entry »

Gas Nozzle

The statewide average for a gallon of regular has surged 13 cents in a week. Analysts differ on when prices will begin to drop.

By Shan Li
April 17, 2014, 6:08 p.m.

Problems at some of the state’s fuel refineries have sent gasoline prices soaring in California just in time for the kickoff of the busy driving season.

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LATimes: Southland home prices surge but sales plummet

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The median price reaches $400,000 in the Southland. But would-be buyers of low- and mid-priced properties are increasingly priced out amid tight lending standards and stagnant paychecks.

By Tim Logan and Andrew Khouri
April 15, 2014, 7:50 p.m.

Southern California home prices are surging as the spring buying season heats up, with the median price in March hitting $400,000 for the first time in six years.

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LATimes: Boeing plans to increase workforce in Long Beach, Seal Beach

Boeing plans to increase workforce in Long Beach, Seal Beach

The addition of highly skilled engineering jobs is expected to provide an economic boost to the Southland and Long Beach. Above, a 787 Dreamliner sits on the tarmac at the Boeing plant in Long Beach. (Brian van der Brug, Los Angeles Times / March 14, 2012)

By W.J. Hennigan
April 10, 2014, 5:22 p.m.

After years of eliminating jobs in Southern California, aerospace giant Boeing Co. announced plans to increase its engineering workforce in Long Beach and Seal Beach by 1,000 positions.

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LATimes: Fed minutes indicate easy-money policy may persist

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Minutes from the central bank’s last meeting suggest Fed policymakers aren’t as eager to start raising interest rates as investors expected.

By Don Lee
April 9, 2014, 7:01 p.m.

WASHINGTON — An account of the Federal Reserve’s last meeting suggests that policymakers aren’t as eager to take away the punch bowl as the market thought.

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LATimes: Beef prices hit all-time high in U.S.

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Extreme weather has thinned the nation’s cattle herds, roiling the beef supply chain from rancher to restaurant.

By David Pierson and Tiffany Hsu
April 8, 2014, 6:05 p.m.

Come grilling season, expect your sirloin steak to come with a hearty side of sticker shock.

Beef prices have reached all-time highs in the U.S. and aren’t expected to come down any time soon.

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DailyBulletin: Redlands exploring deal with developer for grove property

Redlands

Diversified Pacific

By Sandra Emerson, Redlands Daily Facts
Posted: 04/06/14, 2:06 AM PDT |

REDLANDS>> The city is pursuing an agreement with a developer that could be beneficial for both parties.

Rancho Cucamonga-based Diversified Pacific Development Group has proposed dedicating 8.12 acres of its property at Judson Street and East Pioneer Avenue to the city in lieu of paying $363,042 in park and open space development impact fees.

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LATimes (AP): U.S. economy adds a solid 192,000 jobs in March

unemployment

The nation’s unemployment rate is unchanged at 6.7%. A half-million Americans started looking for work last month, and most found jobs.

Associated Press
April 4, 2014, 6:02 a.m.

WASHINGTON — U.S. employers added jobs at a solid pace in March and hired more in January and February than previously thought. Friday’s government report sent a reassuring signal that the economy withstood a harsh winter that had slowed growth.

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DailyBulletin: Report shows Inland Empire manufacturing sectors slowing

By From Staff Reports
Posted: 04/01/14, 5:22 PM PDT |

For the first time since August, a closely watched index of the Inland Empire’s business climate has dropped below 50, a possible sign that the region’s manufacturing is slowing a bit.

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LATimes: Investment firms curbing their home buying in California

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Among the 20 firms buying the most California real estate since January 2012, purchases are down more than 70% compared with last year in each of the last four months.

By Tim Logan
March 29, 2014, 5:00 a.m.

This time last year, investment firms raced to buy dozens of single-family homes in neighborhoods from Fontana to South Los Angeles to lease them out, transforming the mom-and-pop rental business into a Wall Street juggernaut.

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LATimes: Softer demand seen in SoCal housing market

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In San Bernardino County, nearly 11,000 more people moved out than moved in, and the county had the second-slowest population growth in the Southland. (Los Angeles Times / May 3, 1999)

By Tim Logan
March 27, 2014, 6:08 p.m.

Population growth in Southern California slowed last year, and that helped lead to softer demand for housing.

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RollCall: Unemployment Extension Vote Not Worrying House Republicans

By Daniel Newhauser
Roll Call Staff
March 26, 2014, 5 a.m.

Reid, left, plans to bring the bipartisan unemployment benefits extension to the Senate floor soon. In the House, Boehner and his fellow Republicans plan to hold out for more concessions from Democrats.

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