July 10, 2012
Re "Job creation slows amid uncertainty," July 7 U.S. firms are hesitating to hire new employees because of reduced demand, not because of uncertainty. Demand for goods and services creates jobs. Why would a company hire when no one is buying its product? Put money in the pockets of consumers and they will spend it. Companies will then have to produce more by hiring more people to satisfy the demand. The transportation bill that Congress passed last week will put money in the pockets of consumers.
March 11, 2012 |
Growing demand from creative businesses such as post-production, new media, advertising and technology firms resulted in the greatest net absorption of creative office space on Los Angeles County's Westside in 2011 since the start of the recession, a report said. Last year, more than 500,000 square feet of offices were taken off the market, the highest annual net absorption since 2006 and a 32% increase over 2010, real estate brokerage Industry Partners said. The firm describes creative space as an adaptive reuse of an existing commercial or industrial building predating 1970 or new construction meant to convey a similar look and feel.
December 12, 2012 |
NEW YORK -- There may not be enough bonds to satisfy demand in coming years as the private sector trims debt and workers retire. Rick Rieder, chief investment officer for fixed income at BlackRock, said central banks will likely keep interest rates low in coming years as countries continue reducing their debt loads, or leverage. "Central banks have to keep real rates low to deal with this burden of leverage,” Rieder said at an event in New York on Wednesday morning. Meanwhile, the percentage of the working-age population in the United States, Italy, Germany, Japan and China is projected to decrease in coming years, Rieder said.
September 9, 2012 |
Companies in creative businesses that scorn traditional glass-and-steel office towers continued to rule the Westside real estate market in the second quarter as landlords scrambled to meet their demands. While large spaces in some of downtown Los Angeles' signature skyscrapers such as 72-story US Bank Tower lay fallow, homely old industrial buildings tricked out on the inside were in short supply, according to a report by real estate brokerage Industry Partners. Direct vacancy in the 17.7-million-square-foot Westside creative office market was 9.2%, the lowest level since the first quarter of 2009.
April 14, 2010 |
Intel Corp. forecast second-quarter sales that topped analysts' predictions, indicating that demand for personal computers remains strong. Sales will be $10.2 billion, plus or minus $400 million, the company said Tuesday in its quarterly earnings statement. Analysts in a Bloomberg survey had estimated $9.72 billion on average. The forecast follows record first-quarter sales, fueled by consumers ordering laptops. Demand is expected to increase further in the second half as more businesses upgrade their computer networks -- something they were slow to do during the recession.
September 10, 2012 |
State Sen. Michael Rubio (D-East Bakersfield) and 22 of his legislative colleagues are demanding a congressional investigation of the U.S. Anti-Doping Agency. USADA is the quasi-governmental body known for stripping American athletes of their right to compete based on doping charges that it doesn't have to prove in a court of law. USADA's most recent target was Lance Armstrong. The legislators' demand, in a letter last week to U.S. Sens. Dianne Feinstein and Barbara Boxer, is a response to my column about USADA's Armstrong ruling , which declared him a doper and purportedly stripped him of his seven Tour de France titles.