Archive for the ‘ Economy ’ Category

The Sun: Reports detail housing woes for Southern California residents

Housing Market

By Kevin Smith, San Gabriel Valley Tribune
Posted: 06/28/15 – 4:23 PM PDT |

The Southern California real-estate market is feeling the sting of a changing climate, as a pair of new reports finds renters, would-be homebuyers and black households losing ground in the face of competition from investors and a widening racial wealth gap.

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The Press-Enterprise: JOBS: Amazon to add 1,000 more jobs

Amazon

Amazon doubled down on vow to create 1,000 jobs in three Inland Empire fulfillment centers at a hiring event in Moreno Valley on Tuesday, bringing the total job count to 2,000

Published: June 24, 2015 – Updated: 4:40 p.m.

Amazon has announced it will create 1,000 more jobs for its Inland Southern California fulfillment centers.

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

Chapman University

By Margot Roosevelt / Staff Writer
June 24, 2015 – Updated 11:29 p.m.

Orange County will add more jobs this year than at any time in the past 15 years, buoyed in part by a reviving national economy, Chapman University economists predict.

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InlandPolitics: Inland warehousing juggernaut continues

Warehouse

Monday, June 22, 2015 – 09:00 a.m.

The Inland Empire logistics renaissance is booming,

Tilt-up warehouse construction is on fire and all those high-paying jobs, according to a handful of experts, are not far behind.

Read the rest of this entry »

unemployment

By Chris Kirkham
June 19, 2015

  • California adds 54,200 jobs in May; unemployment rate slightly up to 6.4%
  • California continues nearly four-year streak of monthly job growth, adding 54,200 jobs in May

California employers continued a nearly four-year hiring streak by adding 54,200 jobs in May, one of the largest monthly employment jumps in the last year.

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The Press-Enterprise: FORECLOSURE: Zombie properties dog Inland region

foreclosure_0204

Such properties continue to haunt Inland region; but by sheer numbers, the homes that are vacant from the time of bank repossession to occupancy are fading.

Published: June 18, 2015
Updated: June 19, 2015 – 7:54 a.m.

Zombie properties continue to dog the Inland region, but their numbers are dwindling.

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

Los Angeles Times: Southern California home sales, prices up in May

Up Arrow

By Andrew Khouri
June 17, 2015

Southern California home prices rose slightly in May, while sales jumped during the busy spring buying season.

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Janet Yellen

Federal Reserve Chairwoman Janet L. Yellen speaks in May at the Institute for New Economic Thinking Conference on Finance and Security at the International Monetary Fund in Washington. (Jacquelyn Martin / Associated Press)

By Jim Puzzanghera
June 17, 2015

Federal Reserve policymakers on Wednesday kept the central bank’s benchmark short-term interest rate near zero, opting against the first increase since 2006 after determining the economy still isn’t strong enough to handle it.

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Los Angeles Times: San Bernardino: Broken City

San Bernardino

San Bernardino, once a sturdy, middle class “All-America City,” is now bankrupt, the poorest city of its size in California, and a symbol of the nation’s worst urban woes.

June 14, 2015
By Joe Mozingo
Photos by Francine Orr

With a rake and a mask, the motel manager steps carefully into Room 107.

This afternoon, Sam Maharaj will evict a couple and their 4-month-old baby for not paying their bill. The mother sits on the side of the bed, still twitching from slamming methamphetamine the night before.

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interest_rates

By Jim Puzzanghera and Andrew Khouri
June 14, 2015

In moving from London at the beginning of the year, Rose-Linn Jensen would have preferred to spend a year getting familiar with the Los Angeles area before buying a home.

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Boeing Long Beach Factory

At the beginning of the year, Boeing had 17,566 employees in the Golden State — half of the 35,000 employed here 10 years ago. Above is Boeing’s Long Beach plant, which is being shut down. (Ricardo DeAratanha, Los Angeles Times)

By Melody Petersen
June 13, 2015

Once there were so many workers building military cargo jets at Boeing’s sprawling plant in Long Beach that employees put flags on their cars to find them in the vast parking lot.

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Drought in California

By Lisa M. Krieger, San Jose Mercury News
Posted: 06/12/15 – 8:49 PM PDT |

SACRAMENTO >> In a historic step, California is cutting water allotments to some of the state’s most senior rights holders, who have depended upon essentially unlimited water from the state’s rivers and streams for more than a century.

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Lou Desmond

Thursday, June 11, 2015 – 04:00 p.m.

On the Lou Desmond and Company Show tonight, Jay Prag is in the Toyota of San Bernardino Recording Studious. Up first, Inland Empire companies and cities continue sending contracts to Orange County and Los Angeles. What can be done to keep jobs here?

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Warehouse

A pair of warehouse construction projects is transforming the view of Redlands from Interstate 10.

Published: June 9, 2015
Updated: June 10, 2015 2:58 p.m.

A pair of warehouse construction projects is transforming the view of Redlands from Interstate 10.

Construction of the Redlands Commerce Center, a 1.1-million-square-foot industrial development to serve the warehousing and logistics industry, has begun on a 51-acre swath of land between the westbound lanes of the freeway and Lugonia Avenue.

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

California Roads

Efforts to chip away at the estimated $59 billion in upgrades needed for California highways and bridges would become more difficult if the state faces new shortfalls. (Mark Boster / Los Angeles Times)

By Chris Megerian
June 10, 2015

Even as California’s leaders prepare a new state budget that is flush with cash, Gov. Jerry Brown has increasingly raised the specter of another recession that could undo years of hard-won financial progress.

Read the rest of this entry »

California Money

By Julia Horowitz, The Associated Press
Posted: 06/10/15 – 10:35 PM PDT |

SACRAMENTO >> After taking a significant recession-era hit, California’s economy has bounced back up to the seventh largest in the world as the state’s gross domestic product reached $2.3 trillion in 2014, according to figures released Wednesday by the U.S. Bureau of Economic Analysis.

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InlandPolitics: Rapists in the night!

Gas Prices

Tuesday, June 9, 2015 – 09:00 a.m.

Like rapists in the night, oil companies have picked, gouged and fleeced the pockets of California driver’s for the past three and one-half months.

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Lou Desmond

Monday, June 8, 2015 – 05:00 p.m.

Tonight on the Lou Desmond and Company Show: Judy Oakes was released from jail after serving six months of her five year sentence. You may recall, she is the one who stole the lunch money from the Rialto Unified School. Also, the TSA allowed 73 individuals with ties to terrorism into secure areas.

Read the rest of this entry »

Daily Bulletin: 2015 a big year for warehouse development in the Inland Empire

Warehouse

By Jim Steinberg, San Bernardino Sun
Posted: 06/06/15 – 8:58 PM PDT |

There’s an economic tsunami washing over the Inland Empire and it shows no signs of slowing down, experts say.

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Dan Walters

By Dan Walters
June 6, 2015
dwalters@sacbee.com

  • Unemployment drops, state revenue soars
  • But California’s recovery is not even
  • Gov. Jerry Brown worries about another recession

California’s economy is recovering from its worst recession since the Great Depression – more or less.

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New York Post: Economy’s biggest issue: People don’t have money to spend

Economy

By John Crudele
June 3, 2015 | 10:26pm

Anyone with even a quarter of a brain now understands that the US economy got off to a bad start this year.

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Greece Flag

Thursday, June 4, 2015 – 10:00 a.m.

Expect ripples in the financial markets.

Greece, a country where the mainly tourist-driven economy is driven by government jobs and pensions, finally can’t pay its bills.

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The Sun: Amazon hiring for 1,000 full-time positions in Inland Empire

Amazon

Amazon is hiring for 1,000 positions at its warehouses in the Inland Empire, the company announced on Tuesday.

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 06/02/15 – 2:15 PM PDT |

Amazon is creating 1,000 full-time jobs in the Inland Empire.

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Drought Watch

By Geoffrey Mohan
June 3, 2015

The drought is on track to dry up $2.7 billion in revenue and erase more than 18,600 jobs from the California economy this year, according to a preliminary report.

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Minimum-Wage

By Patrick McGreevy
June 1, 2015

The state Senate on Monday passed a bill that would raise California’s $9 minimum wage to $11 an hour on Jan. 1 and boost it again to $13 in 2017.

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Beacon Economics

A Southern California economist to weigh the question, ‘Housing or Water: Which Shortage Really Matters’ in June 3 event

Published: May 29, 2015 – 5:38 p.m.

Christopher Thornberg, president and founder of Beacon Economics, will be the keynote speaker for the June 3 quarterly luncheon meeting of the Real Estate Research Council of Southern California.

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

Broadcom

Broadcom, which was started in 1991, is being bought by rival chip maker Avago for $37 billion. (Robert Gauthier, Los Angeles Times)

By Tiffany Hsu and Jerry Hirsch
May 29, 2015

Irvine chip maker Broadcom Corp. is the latest of many corporate headquarters to exit Southern California, leaving the business community puzzling over the causes and effects.

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AP: US economy fell at 0.7 pct. rate in winter but is rebounding

Sad Emoticon

-0.7 %

By Martin Crutsinger
AP Economics Writer
May 29, 2015 – 10:39 am. EDT

WASHINGTON (AP) — The U.S. economy shrank at a 0.7 percent annual rate in the first three months of the year, depressed by a severe winter and a widening trade deficit.

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Field Poll

May 27, 2015
By Jon Ortiz
jortiz@sacbee.com

  • Record 13th year in a row Field Poll finds more economic pessimism than optimism
  • Percentage of voters whose personal finances improved is nearly double those worse off

Although far more California voters say they are better off financially than they were a year ago, most remain pessimistic about the state’s broader economy, according to a new Field Poll.

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Lou Desmond

Tuesday, May 26, 2015 – 05:00 p.m.

Coming to you from the Toyota of San Bernardino Studios, Economist Jay Prag joins Lou to discuss LA’s new, $15 minimum wage. What effect will it have on business owners? And, a Moreno Valley developer wants $100 million from the city to build infrastructure for his warehousing projects. Where is that money coming from?

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The Sun: County approves upscale apartment complex in Redlands’ Donut Hole

Crossing at Redlands

The San Bernardino County Board of Supervisors on Tuesday approved The Crossings at Redlands, a 340-unit gated apartment complex in an unincorporated area of Redlands. It will feature a sidewalk coffee shop/cafe, produce market and state-of-the-art fitness center. It is a companion project to the neighboring Circa 2020 apartment complex now under construction. (Courtesy artist rendering)

By Joe Nelson, The Sun
Posted: 05/20/15 – 6:45 PM PDT |

REDLANDS >> In the same vein as Victoria Gardens in Rancho Cucamonga and other mixed-use developments across Southern California, a 340-unit gated apartment complex, with a retail component, has been approved for development in an unincorporated area of this city.

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Up Arrow

Riverside, San Bernardino county homes sales were up 8 percent last month, the third best April since 2006, according to CoreLogic DataQuick

Published: May 19, 2015
Updated: May 20, 2015 – 11:27 a.m.

Home sales in Inland Southern California continued to flex some muscle in April, restoring optimism in a marketplace that got off to a sluggish start for 2015.

It was the third best April for the Inland region since the housing bust, with 6,109 Riverside and San Bernardino new and existing home and condo sales closing escrow, according to CoreLogic DataQuick’s latest report.

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

Los Angeles Times: Four-dollar gasoline returns to the L.A. area

Gas Prices

Gas prices are displayed at a Chevron station in Brentwood. The recent surge in regional fuel prices has left local drivers paying more on average than motorists elsewhere in the U.S. (Jerome Adamstein / Los Angeles Times)

By Andrew Khouri and Samantha Masunaga
May 15, 2015

On Friday, the average for a gallon of regular in the Los Angeles area was higher than $4 for the first time since July, according to daily fuel price reports by AAA and GasBuddy.com. The recent surge in regional fuel prices has left local drivers paying more on average than motorists anywhere else in the U.S.

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The Sacramento Bee: Why CalPERS retirees flee California

Las Vegas

Las Vegas has the most Golden State transplants

Jon Ortiz

The State Worker
By Jon Ortiz
jortiz@sacbee.com
May 11, 2015

About 15 percent of CALPERS pensioners live outside California

This city’s Spanish name recalls grassy, spring-fed meadows that nourished the first farms here and gave laborers relief from desert heat.

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InlandPolitics: Refinery numbers leave gas price spike unjustified

Behind-the-spin

Sunday, May 10, 2015 – 08:00 a.m.

The latest report on refinery activity from the California Energy Commission in no way supports the contention that refinery woes have caused retail gasoline price spikes.

Spin that continues to be nothing more than a lie.

Read the rest of this entry »

Lou Desmond

Friday, May 8, 2015 – 04:00 p.m.

Tonight on the show, Ed Hoffman joins Lou in the bunker! They discuss the low labor participation in the U.S. today. It’s near record lows. How can so many afford to be out of the labor force?

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Lou Desmond

Wednesday, May 6, 2015 – 04:30 p.m.

Tonight on the show, Adrian Moore of the Reason Foundation joins Lou to talk about the job market locally. Are government handouts making it difficult for employers to find workers?

Read the rest of this entry »

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 05/05/15, 3:16 PM PDT |

SAN BERNARDINO >> Four developers are finalists to build on the 43-acre property occupied by Carousel Mall, and most likely, the mall will be demolished to make way for new development, a city official said during a broker roundtable Tuesday.

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Lou Desmond

Monday, May 4, 2015 – 03:00 p.m.

Tonight on the show, Estimable Economist Jay Prag joins the program. First, Lou and Jay talk about the shooting this weekend at a Muhammad cartoon event. Then, they talk about the downfalls of the Affordable Care Act and the negative effects on the medical industry.

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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.

Read the rest of this entry »

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?

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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?

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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?

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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?

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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

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

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

Read the rest of this entry »

MarketWatch

By Jeffry Bartash, Reporter
March 6, 2015

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

Read the rest of this entry »

Gas Prices

Thursday, March 5, 2015 – 10:00 a.m.

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

Read the rest of this entry »

Gas Prices

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

By Tiffany Hsu
March 4, 2015

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

Read the rest of this entry »

The Sun: Arrowhead Country Club in San Bernardino seeking buyer

Arrowhead Country Club

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

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

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

Read the rest of this entry »

InlandPolitics: Build it and they will come?

If You Build It They Will Come

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

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

Read the rest of this entry »

ABC: Gas Prices Soar in California as Supply Shrinks

Gas Prices

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

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

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

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InlandPolitics: The experts are shocked?

Finger in Air

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

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

Even the dealers say they’re dumbfounded.

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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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