Archive for the ‘ Economy ’ Category

World Logistics Center

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

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

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

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

By Chris Kirkham
April 30, 2015

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

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InlandPolitics: Economy not so hot after all

GDP

+0.2%

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

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

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Straight Face Emoticon

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

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

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

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

Los Angeles Times: Port truck drivers strike against four companies

on-strike

By Andrew Khouri
April 27, 2015

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

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Monday, April 27, 2015 – 04:30 p.m.

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

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NFL

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

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

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Home Construction

The slow pace of homebuilding will hurt California by driving millennials out of state to buy, according to a gloomy assessment by California Association of Realtors CEO Joel Singer. (Dennis McCoy | Sacramento Business Journal)

Ben van der Meer
Staff Writer-Sacramento Business Journal
Apr 23, 2015 – 2:28pm PDT

The slow pace of homebuilding will hurt California by driving millennials out of state to buy, according to the CEO of the California Association of Realtors.

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Lou Desmond

Monday, April 20, 2015 – 05:00 p.m.

Tonight on the show, Lou is joined by Estimable Economist Jay Prag to talk about several issues related to the Inland Empire Economy. First up is the logistics and warehousing industry in the Inland Empire. Will logistics be the key to economic revival in the IE?

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Dan Walters

Dan Walters
Observations on California and its politics
By Dan Walters
dwalters@sacbee.com
04/20/2015 – 12:01 AM

California is the nation’s most populous state with about 39 million residents, while Texas is No. 2 at 27 million.

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Inland Empire Warehouses

Riverside and San Bernardino counties have become a strategic link in the global supply chain. Above, Yolanda Guevara, who operates a cherry picker, fills an order at Pacific Mountain Logistics warehouse in Ontario. (Irfan Khan, Los Angeles Times)

By Chris Kirkham
April 17, 2015

Pilar Guzman has worked for five years in a warehouse that processes luggage arriving from China and bound for the likes of Wal-Mart, Macy’s and Kohl’s.

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Sacramento Bee: California almond growers to expand orchards, despite drought

 Finger

By Dale Kasler
dkasler@sacbee.com
04/16/2015 11:25 PM

Almond orchards have become ground zero in the debate over California’s epic drought, the focal point of criticism that agriculture uses too much water.

The response? More almond trees.

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NFL- Carson

A rendering of the new football stadium proposed for Carson by the owners of the San Diego Chargers and Oakland Raiders. (Manica Architecture)

By Sam Farmer, Nathan Fenno and Tim Logan
April 16, 2015

Representatives of proposed stadium projects in Carson and Inglewood met with NFL executives Thursday as the competition to return the league to the Los Angeles area continued.

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The Sun: State of San Bernardino County hits on job growth, development

San Bernardino County

Elected San Bernardino County officials applaud during opening remarks Wednesday evening April 15, 2015 at the annual State of the County event at Citizens Business Bank Arena in Ontario. (Will Lester/Staff Photographer)

By Joe Nelson, The Sun
Posted: 04/15/15 – 8:41 PM PDT |

ONTARIO >> The job and real estate markets are growing in the Inland Empire. Credit is expanding, banks are lending more with the economy rebounding, and there is plenty of vacant land available for residential, commercial and industrial development.

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LAO

By Chris Megerian
April 14, 2015

California’s drought has threatened farmers, ski resorts and golf courses, but it’s unlikely to do much damage to the state’s overall economy or budget, according to a new report.

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InlandPolitics: Crude Oil prices under pressure as gas prices snail downward

Crude OIl

Wednesday, April 8, 2015 – 09:00 a.m.

Energy traders must have had a good time over the past week.

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Gas Prices

By Tiffany Hsu
April 8, 2015

An ongoing glut of crude oil will give U.S. drivers this summer the lowest seasonal gasoline prices in six years, the government predicts.

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Lou Desmond

Monday, April 6, 2015 – 04:30 p.m.

Tonight Jay Prag, estimable economist, joins Lou, on the Lou Desmond and Company Show. They talk about the NCAA championship game and a few cultural aspects of it. Then they discuss good and evil in light of the recent holiday and the resurgence of biblical themes in media.

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Los Angeles Times: Soaring dollar puts the world on sale for Americans

Dollar Currency

Dollar travels far for Americans abroad

Markets expert Tom Petruno says the strong dollar puts the world on sale for American travelers.
By Tom Petruno
April 4, 2015

Americans have long complained that the dollar doesn’t buy much anymore. Suddenly, the dollar’s problem may be that it buys too much — a change that has huge implications across the global economy for consumers, businesses, investors and governments.

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InlandPolitics: With Fed stimulus gone, things look a little uncertain

Pricking Balloon

Saturday, April 4, 2015 – 10:30 a.m.

Remember last October, when the Federal Reserve ended the tapering down of its $85 billion a month bond-buying program?

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economy

By Don Lee
April 4, 2015

The sharp retreat in hiring last month to the slowest pace in more than a year reflects lost economic momentum in the U.S. — and may make the Federal Reserve more reluctant to start raising interest rates as early as June.

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Golf Course

Sprinklers water the grass at Gleneagles Golf Course on April 2, 2015 in San Francisco, California. Significant cuts in use will be imposed on cemeteries, golf courses and facilities with large landscapes. (Photo by Justin Sullivan/Getty Images)

By Jeff Guo
April 3, 2015

On Wednesday, California Gov. Jerry Brown took the unprecedented step of forcing urban water agencies to reduce their water use by 25 percent. Cities and towns are now prohibited from using more than three-quarters the amount of water they used in 2013. This will save an estimated 1.5 million acre-feet, or nearly 500 billion gallons of water, between now and February.

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Economy

Friday, April 3, 3015 – 10:00 a.m.

Economists expected non-farm payrolls to rise by 245,000 in March. It didn’t happen!

As a matter of fact the number didn’t come close.

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Warehouse

The Inland Empire is becoming the warehouse capital.

Friday, April 3, 2015 – 09:30 a.m.

The Inland Chorus of cheerleaders is back in full swing.

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The Sacramento Bee: Opinion: Gas prices generate irrationality, demagoguery

Dan Walters

Dan Walters
Observations on California and its politics
By Dan Walters
dwalters@sacbee.com
04/01/2015 7:21 AM

There’s something about the ebb and flow of gasoline prices that makes ordinarily rational people go a little nuts.

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Lou Desmond

Monday, March 30, 2014 – 04:30 p.m.

Tonight on the Lou Desmond & Company Show, Lou is joined by Estimable Economist Jay Prag. They discuss the premiere of Killing Jesus, which broke viewership records. Then they talk about Chik-fil-a, free speech and freedom of religion, particularly in Indiana.

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Los Angeles Times: Los Angeles is looking better and better to NFL owners

NFL

By Sam Farmer
March 23, 2015

Even though no teams have announced plans to relocate, and there have been no formal stadium presentations, several influential NFL owners believe a Los Angeles solution is within reach.

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Lou Desmond

Monday, March 23, 2015 – 04:30 p.m.

Tonight on the Lou Desmond & Company Show, Lt. Rich Lawhead, public information officer for the City of San Bernardino Police Department, joins Lou to discuss the disappearance of Sahray Barber. Hundreds of hours went into locating her. Were police intentionally mislead about her condition and whereabouts?

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InlandPolitics: As Crude Oil plunges, California gas prices inch downward

Gas Price Watch

Sunday, March 22, 2015 – 10:00 a.m.

California motorists continue to get screwed. Even as Crude Oil prices continue to slide.

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Daily Bulletin: Inland Empire malls see growth as economy improves

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 03/20/15 – 8:32 PM PDT |

From west to east, as the economy improves, Inland Empire malls and shopping centers are gradually seeing a bit of a resurgence, with once empty spaces being filled, more construction and customers a little more willing to dish out some cash and some credit.

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unemployment down

California unemployment rate falls to 6.7% in February

By Tiffany Hsu
March 20, 2015

California’s labor market continued to gain strength in February as employers in the state added 29,400 workers.

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Sacramento Bee: Opinion: California’s housing squeeze divides the state

Dan Walters

Observations on California and its politics
By Dan Walters
dwalters@sacbee.com
03/17/2015 – 9:56 PM

California’s unfortunate evolution into a society of haves and have-nots has many root causes, but a highly distorted housing market looms very large.

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Daily Bulletin: Southern California home sales still sliding, prices still rising

For Sale

By Gregory J. Wilcox, Los Angeles Daily News
Posted: 03/17/15, 9:43 AM PDT | Updated: 1 min ago

Southern California’s consecutive streak of year-over-year home price increases zeroed in on three years during February while the home sales slide moderated, a market tracker said Tuesday.

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Los Angeles Times: End of refinery strike in sight; gas prices may fall

Refinery Strike

Picketers outside the Tesoro refinery in Carson. The USW union said Thursday it reached a tentative contract with Shell. (Wally Skalij / Los Angeles Times)

By Tiffany Hsu
March 12, 2015

The United Steelworkers reached a tentative contract with Shell Oil Co. on Thursday after more than a month of contentious talks and strikes, union officials said.

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InlandPolitics: Logistics industry hurts Inland Empire real estate market

Logistics

The Inland Empire is rapidly becoming the next low-wage warehouse mecca.

Sunday, March 8, 2015 – 12:00 a.m.

We’ve been hearing it for the past few years. All of those great warehouse jobs coming to the Inland Empire, an area with the nation’s highest poverty rate, will be the driver for the local economy.

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InlandPolitics: February jobs number nothing to celebrate

Economy

Saturday, March 7, 2015 – 10:30 a.m.

An estimated 295,000 jobs were created in February, according to the U.S. Department of Labor on Friday.

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DailyBulletin: Potential industrial project aims to bring 5,000 jobs to Ontario

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 03/05/15 – 12:01 AM PST |

ONTARIO >> Development plans for 3 million square feet of industrial space on one of the last big swaths of vacant land in the city — north of the 10 Freeway, near Vineyard Avenue — could bring thousands of jobs and millions of dollars in potential revenue to the city.

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MarketWatch

By Jeffry Bartash, Reporter
March 6, 2015

WASHINGTON (MarketWatch) — The U.S. economy churned out a robust 295,000 jobs in February, reducing the nation’s unemployment rate to the lowest level in almost seven years and extending the best stretch of job creation since the mid-1990s.

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Gas Prices

Thursday, March 5, 2015 – 10:00 a.m.

The reasoning that oil companies are giving as an excuse to squeeze California Driver’s at the gas pump looks more and more like fantasy.

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Gas Prices

The upswing in gasoline prices in California largely reflects stoppages at oil refineries that account for some 17% of the state’s production capacity. Above, a station in Santa Monica on Saturday. (Jerome Adamstein / Los Angeles Times)

By Tiffany Hsu
March 4, 2015

Idled oil refineries have helped gasoline prices surge about $1 a gallon in California in a month

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The Sun: Arrowhead Country Club in San Bernardino seeking buyer

Arrowhead Country Club

Arrowhead Country Club members play a round of golf at the San Bernardino club on Tuesday. The club is seeking its first new buyers since World War II. (John Valenzuela — Staff Photographer)

By Ryan Hagen, The Sun
Posted: 03/03/15, 7:58 PM PST | Updated: 48 secs ago

SAN BERNARDINO >> Arrowhead Country Club, which drew stars in Hollywood’s Golden Age to golf and still stands as a symbol of luxury in a city fighting a different reputation, is looking for its first new buyer since World War II.

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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.

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ABC: Gas Prices Soar in California as Supply Shrinks

Gas Prices

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

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

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

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InlandPolitics: The experts are shocked?

Finger in Air

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

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

Even the dealers say they’re dumbfounded.

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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.

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LATimes: Clearing cargo backlog at Southland ports may take three months

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.

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InlandPolitics: California Driver’s get hosed by unjustified hike in gas prices

Gas Nozzle

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

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

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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.

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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.

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LATimes: Chargers, Raiders will jointly pursue an NFL stadium in Carson

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.

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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.

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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.

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LATmes: Investors snap up luxury hotels amid rising occupancy and room rates

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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SacBee (AP): West Coast port employers: Shutdown could be 5 days away

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.

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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.

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 »

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 »

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.

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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.

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InlandPolitics: Crude Oil continues slide, forecast to go lower

Crude Oil Chart - 01202015

(Graph Source: NASDAQ)

Tuesday, January 20, 2015 – 09:15 a.m.

The price of West Texas Intermediate Crude Oil is continuing on a downward trajectory.

Read the rest of this entry »

Manufacturing

The fastest-growing sectors of manufacturing in California tend to be in the higher skilled advanced-technology realm. Above, an employee assembles a server at the Z Microsystems facility in San Diego. (Sam Hodgson, Bloomberg)

By Chris Kirkham
January 19, 2015

The United States has seen a remarkable turnaround in manufacturing employment since the economy bottomed out five years ago — but California hasn’t.

Read the rest of this entry »

The Sun: San Bernardino ranks last for job seekers in WalletHub reports

Wallet Hub

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 01/18/15, 6:08 PM PST | Updated: 1 min ago

SAN BERNARDINO >> San Bernardino has ranked last in a list of the 150 “Best and Worst Cities to Find a Job,” released by the financial information website WalletHub.

Read the rest of this entry »

U.S. President Obama faces joint news conference at the White House in Washington

U.S. President Barack Obama faces a joint news conference with British Prime Minister David Cameron (Not Pictured) following their meeting at the White House in Washington January 16, 2015. (REUTERS/Kevin Lamarque)

Reuters
By Howard Schneider
DALTON, Georgia – Sun Jan 18, 2015 1:40pm EST

(Reuters) – Barack Obama enters the final two years of his presidency with a blemish on his legacy that looks impossible to erase: the decline of the middle class he has promised to rescue.

Read the rest of this entry »

LATimes (AP): Job openings jump to 14-year high; sign of strong hiring

Jobs

By Associated Press
January 13, 2015

WASHINGTON — The rapid hiring that made 2014 a stellar year for job gains is showing no sign of slowing down.

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InlandPolitics: More jobs, less money

Economy

Saturday, January 10, 2015 – 11:30 a.m.

Economic news on the labor front has been incrementally better. But not great!

Here’s the boiler plate summary.

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LATimes: LAX passenger volume reaches 14-year high as Los Angeles tourism surges

LAX

Los Angeles International Airport

By Dan Weikel
January 6, 2015

Local tourism in 2014 set its fourth record in as many years, city officials announced Tuesday, and Los Angeles International Airport exceeded its 14-year-old peak for airline travel and is now the nation’s second-busiest airport.

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DailyBulletin: ONT declines results in $2.6 billion economic loss

sam-emoticon

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 01/05/15, 7:38 PM PST | Updated: 19 secs ago

ONTARIO >> The decline in air service at LA/Ontario International Airport has resulted in a $2.6 billion loss on the region’s economy since 2010.

Read the rest of this entry »

InlandPolitics: Crude Oil continues plunge

Oil Collapse

Monday, January 5, 2015 – 10:30 a.m.

Crude Oil prices plunged again on Monday morning due to an ever increasing oversupply.

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LATimes: Overseas problems won’t derail growing U.S. economy, analysts say

NYSE
Traders work on the floor of the New York Stock Exchange on the first trading day of 2015. (Andrew Burton / Getty Images)

By Dean Starkman
January 2, 2015

NEW YORK — Call it the Great Divide: The new year figures to be one of robust economic growth in the U.S., with slowdowns, stagnation and setbacks everywhere else in the world.

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LATimes: Political standoffs in D.C. could impede economic growth in ’15

U.S. Capitol

By Jim Puzzanghera
December 31, 2014

The economy boomed through most of last year, a time when the nation’s capital was devoid of major budget fights and threats of government shutdown.

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SacBee: Opinion: California’s economy a mixed bag

Dan Walters

By Dan Walters
dwalters@sacbee.com
12/30/2014 10:43 PM

California is ending the year on an economic high note, having recovered all of the jobs it lost during the Great Recession and seeing employment continuing to expand.

Read the rest of this entry »

The Sun: San Bernardino development director Bill Manis has a plan

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 12/26/14, 1:25 PM PST | Updated: 1 min ago

SAN BERNARDINO >> Repeatedly over the last several years, city officials have cut what they acknowledge are important services, saying shrinking revenues leave the bankrupt city no choice.

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Adelanto

Brooke Self
Staff Writer
Posted Dec. 26, 2014 @ 8:31 pm
Updated Dec 26, 2014 at 8:36 PM

EDITOR’S NOTE: This is part of a series of articles reviewing 2014 in each of the Victor Valley’s four municipalities.

ADELANTO — It’s safe to say that Adelanto had something of a rocky year in 2014, facing a fiscal crisis that brought the city of 32,000 residents to the brink of bankruptcy.

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