September 20, 2012 |
California's tech boom is bolstering the economy and new jobs are being created every month, but the state's employment gains in the last year could be largely lost should conditions in China and Europe worsen substantially. The quarterly UCLA Anderson Forecast, released Thursday, said an imploding Eurozone crisis and a further slowing of the Chinese economy, though not likely, are "not out of the question. " "What happens in Europe and China is not insignificant for California," said Jerry Nickelsburg, senior economist at the forecast.
May 7, 2012 |
TAMPA, Fla. - No state is more crucial to Mitt Romney's chances of winning the White House than Florida, and no issue here is more important than the economy. That dynamic played out recently when Vice President Joe Biden came to the perennial electoral vote battleground to promote the Obama administration's environmental record by riding an airboat through the Everglades. The Romney camp responded with a stinging assault on President Obama's "failed" economic policies. The targets: a Florida jobless rate that exceeds the national average, painfully high gasoline prices, rising healthcare costs and one of the worst housing collapses in the country.
November 23, 2011 |
As Californians savor their Thanksgiving feasts, the states' farmers are especially thankful. California's agriculture sector is on track for a record year, a rare bright spot in the state's economy. Prices for cotton, grapes and other crops are near all-time highs. Foreign buyers are gobbling California almonds, grapes, citrus and dairy products. Agricultural exports through September are up 16% over the same period last year. Net farm income is projected to post strong gains in 2011 after nearly doubling over the previous decade.
September 24, 2011 |
Members of Southern California's grocery union voted to ratify a new contract with Ralphs, Vons and Albertsons on Saturday night, bringing an end to labor negotiations that dragged on for more than eight months and brought tens of thousands of workers to the verge of a strike. The new contract, said union leaders, will help ensure workers at Ralphs, Albertsons and Vons and Pavilions will stay on the job, and prevent a potentially devastating blow to the state's already shaky economy.
July 12, 2011 |
The California Public Employees' Retirement System pumped nearly $12 billion into the state's economy last year through benefits paid to retirees and other beneficiaries, making it "a significant economic engine in most California communities," a new study says. The findings of consultant Robert Fountain, a retired Cal State Sacramento economics professor, help to show how important the country's largest public pension is to the state's economy, fund officials said. CalPERS, which released the study Monday, has been engaged in an ongoing public relations campaign to improve an image that has been battered by investment losses and corruption scandals.
June 29, 2011 |
California's film tax credit program is giving taxpayers a bang for their buck. So says a newly released study by the Los Angeles County Economic Development Corp., which shows the state's tax credit program pumped $3.8 billion into the California economy and created more than 20,000 jobs in the last two years. Based on an analysis of expenditures from nine projects that received film tax credits from the state in the first two years of the program, the LAEDC found that for each tax dollar allocated, the local and state governments get back at least $1.13 in tax revenue and the total gross domestic product in the state increases $8.48.