June 4, 2012 |
There's been quite a bit of chatter this spring about a rebound in the manufacturing sector. Whether those predictions will hold up is looking less and less certain as new orders tumble. Demand for factory-made goods has fallen three of the past four months, sliding an unexpected 0.6%, or $2.9 billion, in April. The measure had tanked 2.1% in March, marking the first back-to-back declines in more than three years. Machinery orders plunged 2.9%; requests for cars, computers and electrical equipment also fell, according to the Commerce Department . Demand for non-durable goods - items designed to last less than three years - dipped 1.1%.
CALIFORNIA | LOCAL
July 17, 2013 |
Continuing his whirlwind tour of Washington D.C., Assembly Speaker John Pérez (D-Los Angeles) is scheduled to meet Wednesday with Sens. Dianne Feinstein and Barbara Boxer. Pérez has already met with Obama administration officials, touting efforts by California to recover from the recession and implement Obamacare. He is also highlighting ways the federal government can help the Golden State financially. He had breakfast with Secretary of Homeland Security Grace Napolitano, the nominee to head the University of California system.
February 3, 2012 |
After stepping on his Florida victory with a series of statements that made him seem out of touch with average citizens, Mitt Romney emphasized at a small gathering of supporters in a frigid warehouse here that he is better suited than President Obama to empathize with struggling Americans. "I'll listen," Romney told a few dozen bundled-up employees of Western Nevada Supply, a building company here. "I will listen. I will listen to business people and to working people and to folks across the country to understand what's going on in their lives.
November 5, 2013 |
The saga of 1,500 art works recovered in Munich, with an estimated value of more than $1 billion and possibly stolen by Nazis in the 1930s and 1940s, made big headlines over the weekend. The German publication Focus reported that the 2011 discovey - which included masterpieces by Matisse, Picasso, Klee and Chagal - in the cluttered home of Cornelius Gurlitt, could be the largest stash of Nazi-looted art uncovered since World War II. But the recovered trove is likely just a drop in the bucket of what some call the greatest theft in history. CRITICS' PICKS: What to watch, where to go, what to eat “I've been saying for 10 years this is the tip of the iceberg.
March 10, 2010 |
Improbable as it seems, the brightest spot so far in the nation's spotty economic recovery is a sector long considered all but dead -- good-old-fashioned manufacturing. Factories are churning. Exports are up. Even though jobs are the bleakest aspect of the overall economy these days, factory payrolls have turned positive. "We could have a renaissance here," said Ron Bloom, President Obama's manufacturing czar. "Indeed," Federal Reserve Chairman Ben S. Bernanke declared late last month, "manufacturing has been leading the recovery so far."
August 31, 2013 |
Most Americans know Seaside Heights as the town made famous by Snooki and her ilk in MTV's reality series “Jersey Shore.” Mike Loundy simply knows the resort town as home. His grandfather came to Seaside Heights in 1932. The family never left, and Loundy's two daughters, he proudly notes, are fourth-generation residents. The town Loundy calls home was among the many devastated when Hurricane Sandy roared up the eastern seaboard last October. Rain, wind and surging tides tossed a roller coaster from Seaside Heights' boardwalk into the Atlantic Ocean before pummeling homes and businesses.
July 9, 2011 |
With unemployment taking a gut-wrenching turn for the worse, political leaders and economic policymakers are being forced to confront the very real possibility that the tepid recovery has stalled out — and with no easy fix in sight. U.S. employers added almost no new jobs in June, the government reported Friday. That pushed the nation's jobless rate higher for the third straight month — to 9.2% — and left the number of idled workers at 14 million, almost half of them jobless for six months or more.
June 9, 2013 |
Dodgers center fielder Matt Kemp, sidelined with a right hamstring injury since May 30, experienced a mild setback in his recovery, Manager Don Mattingly said Sunday. Kemp, who has been working out with the team after rehabbing recently at Camelback Ranch in Glendale, Ariz., was expected to return to the active roster Friday. “We've hit a little bit of a snag because he felt just a little something today still,” Mattingly said. The medical staff will watch Kemp run Sunday and assess his status.
August 1, 2009 |
The evidence keeps piling up that the U.S. economy has reached bottom and that a recovery of some sort is in the cards for the second half of this year. But that's where the consensus ends. The shape of any recovery remains a matter of heated debate on Wall Street. As my colleague Don Lee notes in his front-page story today, the "robust recovery" camp was buoyed Friday by the government's data on second-quarter gross domestic product.
January 13, 2014 |
The economy of Los Angeles County is rebounding with signs pointing to a full recovery, according to one report. That is good news for California as a whole, since L.A. County alone contributes more than a quarter of the state's total economic output, or gross domestic product, according to a report by the National Assn. of Counties. The study took a look at local economies around the nation on a county level by tracking the performance of some 3,069 counties through four indicators -- economic output, employment, the jobless rate and home prices.