Archive for the ‘ Economy ’ Category

Daily Bulletin: Rising housing prices drive down affordability

New Home Construction

Workers build single-family homes at the Rosedale housing project in Azusa in this Feb. 26, 2013 file photo. (SGVN/Staff photo by Leo Jarzomb)

By Gregory J. Wilcox, Los Angeles Daily News
Posted: 08/20/15 – 6:34 PM PDT |

Rising home prices across California have eroded affordability to the point that only seven counties, including San Bernardino, have housing that a family earning the median income can afford to buy, according to a study released Thursday.

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Moreno Valley seal

“This project is a game-changer of proportional magnitude not only for the city but the entire region,” said Mayor Jesse Molina, who was one of three supporters. Council members George Price and LaDonna Jempson opposed the project.

Published: Aug. 19, 2015 – Updated: 11:50 p.m.

After three years of controversy that has divided residents, Moreno Valley officials voted Wednesday, Aug. 19 to dramatically transform the city’s east side with what would be one of the largest warehouse complexes in the country.

To read article by Imran Ghori in The Press-Enterprise, click here.

InlandPolitics: Inland Empire warehouse addiction continues

Howard Warehouse - Redlands

Monday, August 17, 2015 – 09:00 a.m.

The non-stop construction of warehouse properties in the Inland Empire is moving at a break-neck pace.

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The Los Angeles Times: California braces for falling yuan’s ripples

Currency exchange board showing cross rates between various countries

By Shan Li, Samantha Masunaga and Andrew Khouri
August 12, 2015

At the Beverly Center on Wednesday, a clutch of Chinese tourists spilled out of a bus and into the upscale mall, ready to snap up Gucci purses and Nike sneakers.

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The Sacramento Bee: California’s ‘labor underutilization’ rate still high

Under Employed

Capitol Alert
By Dan Walters
dwalters@sacbee.com
August 11, 2015

  • Unemployment rate has climbed out of the cellar
  • However, by other measures state still lagging
  • Los Angeles County labor picture especially dark

Although California’s official unemployment rate climbed out of the cellar during the year that ended June 30, it still had the nation’s second highest rate of total “labor underutilization,” according to a new federal government report.

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Los Angeles Olympics

The Olympics last came to Los Angeles in 1984, when the city refused to sign a guarantee that it would cover financial overruns. (Ken Hively / Los Angeles Times)

By Peter Jamison
August 11, 2015

Los Angeles is close to reaching an agreement with the U.S. Olympic Committee to be America’s candidate for the 2024 Summer Games, pledging to host the event at a projected cost of approximately $4 billion and offering a guarantee that the city would cover any financial overruns, officials involved with the bid said Monday.

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Lou Desmond

Monday, August 10, 2015 – 05:00 p.m.

The Lou Desmond and Company Show is broadcasting from the Toyota of San Bernardino Recording Studios!

Estimable Economist Jay Prag joins Lou tonight to discuss the announcement that the Ontario Airport will transfer back to local control. Will this be an economic driver for the Inland Empire economy?

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The Press-Enterprise: ONTARIO: Fox personality will speak at Inland forecast

Melissa Francis

Fox Business Network’s Melissa Francis will be the featured speaker at the sixth annual Inland Empire Economic Forecast Conference, Sept. 24 at Citizens Business Bank Arena.

Published: Aug. 4, 2015 – 12:15 p.m.

Fox Business Network’s Melissa Francis will be the featured speaker at the sixth annual Inland Empire Economic Forecast Conference.

To read expanded brief by Fielding Buck in The Press-Enterprise, click here.

The Press-Enterprise: UCR: Study calls warehouse jobs low-paying

Logistics

UC Riverside researchers call for better pay and health care for warehouse workers.

Published: July 30, 2015 – Updated: 11:02 p.m.

  • Average hourly pay for blue-collar warehouse employee: $10.05
  • Employed through temporary staffing agency: 63 percent.
  • Average length of employment: 28 months.

While Inland cities are increasingly looking to the logistics industry for economic growth, two recent studies by University of California, Riverside researchers say the mainly blue-collar employees who work at warehouses are paid poorly and lack proper access to health care.

To read expanded article by Imran Ghori in The Press-Enterprise, click here.

Wage Growth

Markets | Fri Jul 31, 2015 – 9:21am EDT
WASHINGTON | By Lucia Mutikani

U.S. labor costs in the second quarter recorded their smallest increase in 33 years amid tepid gains in the private sector, but it likely was a temporary setback against the backdrop of diminishing labor market slack.

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InlandPolitics: Economy: GDP up 2.3% in second quarter

Economy

Thursday, July 30, 2015 – 07:30 a.m.

The U.S. Commerce Department reading on the U.S. economy reflected a mediocre climate.

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InlandPolitics: Crude oil continues fall, California gas prices barely move

Gas Prices

Friday, July 24, 2015 – 09:00 a.m.

Crude oil prices continued falling on Friday morning, with the price for a barrel of West Texas Intermediate Crude Oil hitting a low of $47.96.

However, California retail gasoline prices have barely budged.

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InlandPolitics: Where’s the gasoline shortage?

Refinery

Wednesday, July 22, 2015 – 04:30 p.m.

New data from the California Energy Commission begs the same question we’ve been asking all year.

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Gas Prices

Wednesday, July 22, 2015 – 08:00 a.m.

An uptick in crude oil inventory and the impending sale of Iranian oil on the global market has kept downward pressure on prices.

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Lou Desmond

Monday, July 20, 2015 – 04:30 p.m.

The Lou Desmond and Company Show is coming to you from the Toyota of San Bernardino Recording Studios!

Tonight, Estimable Economist Jay Prag joins the show on this, the 46th anniversary of the Apollo 11 lunar landing. He and Lou discuss some high towing bills that were a result of the North Fire, which broke out on I-15 this weekend.

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InlandPolitics: Gas prices start to “inch” down

Gas Prices

Sunday, July 19, 2015 – 10:00 a.m.

California wholesale gas prices have fallen about 50 cents a gallon in the past 48-hours. But don’t wait for pump prices to fall significantly anytime soon.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
July 18, 2015

  • California’s official poverty rate isn’t bad
  • Its real poverty rate is among nation’s highest
  • More jobs would be the best cure for malady

When the Census Bureau began calculating poverty a half-century ago – as a “war on poverty” became a hot issue in Washington – it devised a rather simple formula.

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unemployment down

By Tiffany Hsu
July 17, 2015

  • Job Reports and Statistics Jobs and Workplace Job Market Unemployment and Layoffs

Job growth in California continued to hum along in June as employers added 22,900 nonfarm payroll positions from the previous month.

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The Lou Desmond & Company Show: Home Values Up, Donald Trump, Hillary Clinton

Lou Desmond

Friday, July 17, 2015 – 03:00 p.m.

The Lou Desmond and Company Show is coming to you from the Toyota of San Bernardino Recording Studios!

Tonight, Ed Hoffman, Doctor of Capitalism, joins the show to talk about the rising home values and sales in the Inland Empire and the shooting in Chattanooga, Tennessee. After that, they discuss Donald Trump. Ed likes him, Lou does not. But why is his popularity climbing?

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Up Arrow

By Sarah Favot, Los Angeles Daily News
Posted: 07/16/15 – 7:33 PM PDT |

Fueled by an increase in home sales, the assessed value of all taxable property in Los Angeles County rose 6.13 percent in 2015 — the largest jump since 2010 — the county assessor reported Thursday.

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Home for sale

By Andrew Khouri
July 16, 2015

The Southern California housing market, known for its dramatic swings, is settling into a more normal, healthy pattern.

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Lou Desmond

Wednesday, July 15, 2015 – 05:00 p.m.

The Lou Desmond and Company Show is coming to you from the Toyota of San Bernardino Recording Studios!

Tonight on the show, Lou and Rob Starr from Toro joins the show to talk about new drought mandates that are limiting the amount of turf that can be put in at homes. Is the problem the water usage or the state’s water infrastructure?

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InlandPolitics: California leads gas price ranking and it’s not even close!

 Gas Prices

Monday, July 13, 2015 – 08:45 a.m.

California has skyrocketed back to the number one position on the highest gas prices in the country list.

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California Street Commerce Center

An aerial view shows the plot of land next to the 10 Freeway being developed as part of the California Street Commerce Center in Redlands, north of the 10 Freeway and west of the Splash Kingdom Waterpark. Courtesy photo — Lee & Associates

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 07/12/15 – 7:59 PM PDT |

REDLANDS >> A major industrial project is taking shape next to the 10 Freeway and adjacent to the Splash Kingdom Waterpark.

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InlandPolitics: March Joint Powers Authority launches general aviation facility

March - Millionaire FBO

Friday, July 10, 2015 – 09:00 a.m.

The March Joint Powers Authority has officially launched its new general aviation facility and fixed base operation at March Air Reserve Base.

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Photo: Valero refinery

By Kevin Smith, San Gabriel Valley Tribune
Posted: 07/09/15 – 7:57 PM PDT |

California refineries support 2.4 million jobs that depend on the petroleum-based products they produce but increasing regulatory demands are jeopardizing their ability to continue operations in the state, according to a report released this week.

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Los Angeles Times: Here’s how Fed rate hike would pinch borrowers

interest_rates

By Tom Petruno
July 4, 2015

The last six years of extraordinarily low interest rates have been all about rewarding borrowers at the expense of savers. But that is probably coming to an end.

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Daily Bulletin: Economic boost anticipated for Eastvale from logistics center

Logistics

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 07/02/15 – 8:27 PM PDT |

EASTVALE >> Plans are moving forward for the city’s largest development.

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California Money

By Samantha Masunaga
July 2, 2015

If California were a country, it would have the eighth-largest economy in the world, maintaining its ranking from July 2014.

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InlandPolitics: The June employment report — The bottom line

Economy

Thursday, July 2, 2015 – 10:00 a.m.

The June employment report, released by the U.S. Department of Labor on Thursday, wasn’t quite the bell ringer some were looking for.

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PMI

Purchasing Managers Index reading virtually unchanged at 52.4 in June; factory order and production growth holds steady.

Published: July 1, 2015 – 4:43 p.m.

Factory production forged ahead in June, but at a pace that seems indicative of an Inland Southern California economy that’s functioning on a more even keel.

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

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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?

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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?

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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?

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.

Read the rest of this entry »

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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