[Source: FOREIGN POLICY] If the world isn’t careful, renewable energy could become as destructive as fossil fuels. The conversation about climate change has been blazing ahead in recent months. Propelled by the school climate strikes and social movements like Extinction Rebellion, a number of governments have declared a climate emergency, and progressive political parties are Read More…
Tag: economy
Some sectors warn that AB5 could hurt workers, raise prices
[Source: SFGATE] As California moves forward with legislation that could turn many independent contractors into employees, some industries are vociferously protesting that the changes could hurt their workers and raise costs for consumers. Assembly Bill 5, sponsored by Assemblywoman Lorena Gonzalez, D-San Diego, saw its chances of becoming law rise this week when Gov. Gavin Read More…
Governor Newsom champions measures that would take us back to medieval times
[Source: Fox & Hounds] Governor Newsom is vocally supportive of the Green New Deal that would take us back to medieval times. The Governor’s statement on July 12th was scary. He is looking into putting a moratorium on fracking for oil and wants to reduce the state’s reliance on fossil fuels. The Governor seems to Read More…
California delegates control of the economy to BANANA’s
[Source: Fox & Hounds] Over the years the California Air Resources Board (CARB) and Air Quality Management District (AQMD) have been viewed by the business community as being over bearing and business unfriendly, especially since California is already the most environmentally regulated location on earth. Well, with the passage of Assembly Bill (AB) 617 (C. Read More…
Downturn looms as leadership test for California, world’s 5th largest economy
[Source: The New York Times] It has the highest concentration of billionaires in the country. It exports more computers than any other state. It is the nation’s largest producer of agriculture products by far: More than $6 billion in dairy products alone last year. California is an economic powerhouse — now the fifth largest economy Read More…
Americans haven’t felt this good about income growth since 2001
[Source: Bloomberg] Economists say the country is close to full employment, but pay gains for American workers have been flat since 2015. Even last week’s upward blip in wage growth could be wiped out by inflation. Yet Americans haven’t been this optimistic about future pay raises since the century began, according to the Conference Board’s Read More…
Green jobs still a small fraction of the California economy
[Source: California Center for Jobs and the Economy] As part of its ongoing research and analysis of trends and policies affecting the California economy, the California Center for Jobs and the Economy issued a new report today assessing the extent to which the state has transitioned to a Green Economy and concluding that green job Read More…
Study: L.A.’s small businesses optimistic about growth
[Source: Los Angeles Business Journal] Small businesses across Los Angeles have seen a boost in sales and project continued growth through the end of summer, according to a new survey released March 13. The survey, by 1st Century Bank in conjunction with Beacon Economics, showed optimism and expectations of growth among small businesses in Los Read More…
Los Angeles small business attitudes
[Source: 1st Century Bank and Beacon Economics] Small companies are drivers of ingenuity and progression, yet within the economic sector, their contributions are often overlooked. The media relies largely on macro data — primarily GDP and the S&P 500 (a snapshot of the largest 500 publicly traded companies) — to gauge the health of the Read More…