CALIFORNIA | LOCAL
March 20, 2014 |
Tom Heaton was sitting in his kitchen in Pasadena on Monday morning when an alert went off on his laptop warning him that an earthquake had struck about 40 miles away in Encino. Seconds later, he felt the shaking. "It was fantastic," said Heaton, director of Caltech's Earthquake Engineering Research Laboratory. "It was bam bam, then it shook. It was probably about three seconds" between the alert and the shaking. Within a few years, all Californians should have access to those kinds of warnings, a crucial few seconds that could give emergency officials and residents time to brace for a major temblor.
March 5, 2014 |
Bad winter weather helped put a freeze on the labor market last month, with the private sector adding a disappointing 139,000 net new jobs, payroll processing firm Automatic Data Processing said Wednesday. The figure, which was below economists' expectations, does not bode well for the government's February jobs report coming Friday. Analysts have been forecasting that the Labor Department data, which cover the private and public sectors, will show a pickup in job growth to about 150,000 last month, after a weak 113,000 in January.
February 11, 2014 |
WASHINGTON - President Obama will launch an initiative aimed at improving the lives of young black and Latino men by bringing businesses and foundations together with government agencies to change what an administration official called the "school-to-prison pipeline. " Obama plans to unveil the initiative, called My Brother's Keeper, on Thursday. The move is the latest in a series of efforts by the president to spur social change outside the stalemated legislative process, and represents an escalation of his efforts to target the problems faced by young men of color.
January 23, 2014 |
Republican gubernatorial candidate Neel Kashkari responded to reports that he had a spotty voting record, acknowledging that he has not gone to the polls in every election. He pointed to his decision to leave a lucrative investment banking career to work for the U.S. Treasury Department as proof that he values public engagement. “I believe voting is critical, and civic participation is critical. That's why I left a very attractive career in the private sector to go serve in the government for three years under two different presidents,” Kashkari said when asked by reporters about a report in the San Francisco Chronicle that he failed to vote in nearly half the elections he was eligible for since registering in California in 1998.
January 15, 2014 |
President Obama named Los Angeles businesswoman Maria Contreras-Sweet, the founder of a community bank and a former California Cabinet member, as his nominee to head the Small Business Administration. Obama said Contreras-Sweet, who has worked with small businesses in the private sector, understands what small businesses need. "Maria knows how hard it is to get started on a business," Obama said Wednesday. "The grueling hours, the stress, the occasional self-doubt. " "So not only did she start small businesses, but those have also been her customers, and she understands all too often that the lack of access to capital means a lack of opportunity," he said.
November 18, 2013 |
WASHINGTON -- A top Federal Reserve official said Monday he was "getting more hopeful" about the economic recovery and declared the private sector nearly healed from the Great Recession. William C. Dudley, the president of the Federal Reserve Bank of New York, said he saw "nascent signs" that the economy and the outlook were improving because the negative effects of federal tax increases and budget cuts should lessen in coming years. "I have to admit that I am getting more hopeful," Dudley, who has strongly supported the Fed's stimulus policies, said in a speech at Queens College in New York.