Wednesday, July 20, 2016

Hear That Train a Comin’? Metrolink Debuts First of Cleaner, Quieter Trains

The first of 40 new, cleaner-burning Metrolink diesel locomotives arrived on the platform of Union Station earlier this week. The rest of the clean-diesel fleet will be arriving in Los Angeles through 2017 at a total cost of about $280 million.  Full story

General Business & Real Estate

Monday, July 18, 2016

Friday, July 15, 2016

Donald Trump Selects Mike Pence as VP



The pick sets up a stark clash in styles: a brash presumptive nominee alongside a cautious former congressional leader who's stuck close to conservative orthodoxy. Trump had initially suggested he would wait until the RNC to unveil his VP choice, but Indiana law forced his hand. Candidates can't run for both federal and state office after July 15, meaning Pence had to withdraw his name from his re-election race for governor.  Full story

General Business & Real Estate

Thursday, July 14, 2016

County Marijuana Tax for Homeless Services to Appear on November's Ballot

Los Angeles County voters will decide this fall whether to tax marijuana businesses to help pay for housing and health services for the homeless.  Full Story

General Business & Real Estate

Monday, July 11, 2016

Most Marijuana Dispensaries are Cash-Only, and Robbers Know It

The recent killing of a marijuana store security guard in Colorado and the wounding of another guard in San Bernardino are the latest examples of the crime lure posed by cash-only pot dispensaries, industry observers say.  Full story

General Business & Real Estate

Most Marijuana Dispensaries are Cash-Only, and Robbers Know It

he recent killing of a marijuana store security guard in Colorado and the wounding of another guard in San Bernardino are the latest examples of the crime lure posed by cash-only pot dispensaries, industry observers say.  Full story

General Business & Real Estate

Friday, July 8, 2016

L.A. County Office Market Heats Up in Second Quarter

The so-called Brexit vote means that interest rates are likely to stay low for a prolonged period and that international investors could turn away from the European Union and Britain and toward major U.S. cities, Rifkind said.
“L.A.,” he said, “becomes a beneficiary.”  Full Story

General Business & Real Estate

U.S. Economy Rebounds with June Hiring Surge of 287,000

Friday's report showing growth of 287,000 jobs last month -- following revised gains of just 11,000 in May and 144,000 in April -- will bolster confidence among employers and policymakers at the Federal Reserve that the expansion in the labor market and broader economy remain on track.  Full Story

General Business & Real Estate

Thursday, July 7, 2016

Beaconomics, a Forecast for the United States and California Economies

Beacon Economics does not see any significant chance of the nation’s current economic expansion ending in the next two years.  “This isn’t to say that issues in the global economy—namely a wobbly Chinese economy and the Brexit—aren’t serious, they are,” said Beacon Economics’ Founding Partner Christopher Thornberg, one of the forecast’s authors. "But these are serious issues that will play out over many years, not a few months, a critical distinction."  Full story

General Business & Real Estate

Facebook is Being Investigated by the IRS

The U.S. Justice Department filed a petition in court on Wednesday to force Facebook to comply with an ongoing IRS investigation into whether the company significantly understated the value of property transferred to an Ireland subsidiary by billions of dollars as part of a complex maneuver to reduce its tax payments. 
Full Story

General Business & Real Estate


L.A.’s Higher Minimum Wage Becomes Law

The increase to $10.50 an hour from $10 is the first of several increases that will eventually raise the minimum wage up to $15 an hour in 2020.
Full story

General Business & Real Estate