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Does Los Angeles County need 299 more hotels?

Los Angeles County’s lodging industry has plans to add 299 more hotels after 34 opened the past two years. The annual hotel construction report from Atlas Hospitality shows 11 hotels opened in 2018 in Los Angeles County vs. 23 in 2017 — down 52 percent. Last year’s openings had 1,526 rooms vs. 4,309 in ’17 — a drop of 65 percent. That decline seems to be a fast-growth industry taking a breather than any actual slowdown. Hotels under construction at year-end were 45 hotels vs. 32 in ’17 — a gain ...
Tags: Business, Real Estate, Sport, Economy, Things To Do, Soccer, Southern California, Los Angeles County, Top Stories LADN, Top Stories Breeze, Top Stories LBPT, Top Stories WDN, Top Stories SGVT, Top Stories PSN, Atlas Hospitality


American Express acquires Japan-based restaurant booking service Pocket Concierge

American Express has made an acquisition in Japan after it picked up restaurant booking service Pocket Concierge in an undisclosed deal. The acquisition was announced in Japanese and in English by James Riney, the head of 500 Startups Japan which invested in Pocket Concierge as one of its first deals in the country. The service was launched in 2013 to help book quality restaurants, including those that are Michelin-starred and others that have months-long waitlists for reservations. It curren...
Tags: Cake, Fundings & Exits, Asia, Chef, Japan, Money, Finance, Funding, Tech, Economy, American Express, Michelin, 500 Startups, Head, James Riney, Opentable


Big strikes, like LAUSD teacher walkout, have become a rarity

Strikes — organized labor’s ultimate bargaining chip — have become a workplace relic. In the 30 years that have passed since Los Angeles teachers last walked off the job, work stoppages nationwide have fallen by two-thirds as union clout has nearly halved. I filled my trusty spreadsheet with U.S. jobs and pay data to show how major strikes — defined as involving 1,000 or more workers — have become a rarity, even if there’s been a mild uptick of late. Meanwhile, union memberships have tumbled in ...
Tags: Business, Jobs, Los Angeles, Reagan, Sport, Economy, Soccer, Ronald Reagan, Lausd, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze


Big strikes, like Los Angeles teacher walkout, have become a rarity

Strikes — organized labor’s ultimate bargaining chip — have become a workplace relic. In the 30 years that have passed since Los Angeles teachers last walked off the job, work stoppages nationwide have fallen by two-thirds as union clout has nearly halved. I filled my trusty spreadsheet with U.S. jobs and pay data to show how major strikes — defined as involving 1,000 or more workers — have become a rarity, even if there’s been a mild uptick of late. Meanwhile, union memberships have tumbled in ...
Tags: Business, Jobs, Los Angeles, Reagan, Sport, Economy, Soccer, Ronald Reagan, Lausd, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze


Does Southern California need 513 more hotels?

Michael Murphy shows off the 10th floor of a hotel tower under construction in April at Pechanga Resort & Casino. The 271-room Marriott Irvine Spectrum. It’s seen here under construction a year ago. (Photo by Leonard Ortiz, Orange County Register/SCNG) Sound The gallery will resume in seconds Construction of the Element by Westin hotel at 900 North Via Piemonte, near the Citizens Business Bank Arena, in Ontario, CA., Thursday, June 7, 2018. (Staff photo by Jennifer Cappuccio Mah...
Tags: Travel, Business, Real Estate, California, Sport, Economy, Atlas, Things To Do, Soccer, Tourism, Marriott, Southern California, Ontario, San Bernardino, Moreno Valley, Westin


Monday Memo: Seattle-area real-estate year-end review, big banks’ earnings reports

The business week ahead
Tags: Business, Real Estate, News, Markets, Economy, Seattle


As year of free credit-report monitoring from Equifax ends, here’s what to do

People who accepted Equifax’s monitoring offer after a data breach in 2017 have been notified that the free service, TrustedID Premier, will expire at the end of January.
Tags: Business, News, Economy, Equifax


After the bitcoin bust and a local bankruptcy, Douglas County doubles down on blockchain

Douglas County may have been burned by the cryptocurrency boom but it now wants to build a “blockchain innovation campus,” where researchers could develop new uses for the esoteric, computer-intensive technology—and, ideally, position this rural community for a share of industry when it arrives.
Tags: Business, News, Economy, Douglas County


U.S. restaurant prices jump the most since 2011

By Carmen Reinicke, Bloomberg It’s getting more expensive to eat out. Full-service restaurants, facing higher labor and food costs, raised prices the most in more than seven years in December, a Labor Department report released Friday shows. As grocery costs rise at a slower pace, that could push more U.S. consumers to eat at home, potentially shifting sales away from sit-down chains like Olive Garden and LongHorn Steakhouse, operated by parent company Darden Restaurants. The gap between how muc...
Tags: Business, News, Sport, Economy, Soccer, Darden Restaurants, Olive Garden, Bloomberg Intelligence, Labor Department, LongHorn Steakhouse, Darden, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF


Local inflation hits at 12-year high, widest gap with U.S. cost-of-living increases since 1980

Inflation in Los Angeles and Orange counties rose at its highest rate in 12 years as it outpaced national inflation by the widest gap in 38 years. According to my trusty spreadsheet, local consumer prices rose 3.8 percent last year vs. 2.8 percent in 2017, and it’s the fastest inflation pace since 2006. These price upswings are a bit startling, at least by CPI math, as local inflation averaged 1.3 percent between 2009 and 2016. That was the slowest pace of increase for the region’s cost-of-livin...
Tags: Business, California, Los Angeles, Sport, Economy, Soccer, Inflation, Southern California, San Bernardino, Riverside, Inland Empire, Riverside San Bernardino, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB


Government shutdown in Southern California: Workers, businesses prepare themselves for empty payday

When the partial government shutdown took effect just before Christmas, Mark Muñoz, father to seven daughters, braced for the worst. The 40-year-old Ontario resident, who works as a fire captain with the U.S. Forest Service, has weathered shutdowns before; he said he was always retroactively paid for wages lost. But there was never a guarantee. And there’s no guarantee now. “It brings an enormous amount of stress,” said Munoz, who works primarily in the San Bernardino National Forest but also re...
Tags: Business, California, Mexico, Sport, Economy, Nasa, Soccer, Jimmy Kimmel Live, Pasadena, Chatsworth, Donald Trump, Irs, Bay Area, Southern California, Ontario, Jpl


US recession risk hits 6-year high amid trade war, shutdown

By Katia Dmitrieva, Chibuike Oguh and Catarina Saraiva, Bloomberg Economists put the risk of a U.S. recession at the highest in more than six years amid mounting dangers from financial markets, a trade war with China and the federal-government shutdown. Analysts surveyed by Bloomberg over the past week see a median 25 percent chance of a slump in the next 12 months, up from 20 percent in the December survey. The Federal Reserve is now projected to keep interest rates steady in the first quarter,...
Tags: Business, News, China, US, Bloomberg, Sport, Economy, Soccer, Deutsche Bank, Federal Reserve, Disneyland, Donald Trump, Southern California, Macy, Kohl, Ryan


Rather than lure employers, some rural areas try to attract workers — one at a time

As fewer people are tethered to brick-and-mortar offices, state and local officials have recognized they can reap the benefits of workers’ spending and taxes no matter where their employers are based.
Tags: Business, News, Economy


From airlines to Buffett’s NetJets, impacts of shutdown spread through aviation

The economic impact of the partial U.S. government shutdown is rippling through the aviation industry, hitting companies as diverse as Berkshire Hathaway’s NetJets and aircraft manufacturers such as Airbus.
Tags: Business, News, Economy, Berkshire Hathaway, Buffett, NetJets, Nation & World Politics, Boeing & Aerospace


2019 will ‘will be a good year,’ economist says

A government shutdown. A volatile stock market. A trade war with China. Rising interest rates and slowing economic growth. You might think this will all chill the economy in 2019. Think again, economist Christopher Thornberg told an audience of business leaders at an Irvine chamber of commerce breakfast Thursday, Jan. 10. “It’s going to be a good year,” the former UCLA professor of economics said. “Things are wonderful. You’re going to have a great 2019.” Once an apostle of doom who predicted th...
Tags: Business, California, Housing, Washington, China, General Motors, Sport, Economy, Canada, Soccer, Donald Trump, Ucla, Trump, Irvine, Europe Mexico, Christopher Thornberg


2019 will ‘be a good year,’ economist says

A government shutdown. A volatile stock market. A trade war with China. Rising interest rates and slowing economic growth. You might think this will all chill the economy in 2019. Think again, economist Christopher Thornberg told an audience of business leaders at an Irvine chamber of commerce breakfast Thursday, Jan. 10. “It’s going to be a good year,” the former UCLA professor of economics said. “Things are wonderful. You’re going to have a great 2019.” Once an apostle of doom who predicted th...
Tags: Business, California, Housing, Washington, China, General Motors, Sport, Economy, Canada, Soccer, Donald Trump, Ucla, Trump, Irvine, Europe Mexico, Christopher Thornberg


Crypto mining giant Bitmain is reportedly getting a new CEO as its IPO plan stalls

Bitmain, the Chinese crypto miner maker, looks like it has reached an interesting point in its pathway to going public. There’s been little heard since the company filed to go public in Hong Kong in September, but now it appears that a new CEO has been hired and its two founders are leaving. That’s according to a report from SCMP which — citing two sources — said Wang Haichao, Bitmain’s director of product engineering, has assumed CEO duties following a transition that began in December. Foun...
Tags: Asia, Hong Kong, Money, Finance, China, Ipo, Tech, Ceo, Author, Economy, Bitcoin, Mining, Cryptocurrencies, Cryptocurrency, Blockchain, Digital Currencies


It’s the golden age of traditional retail, not its end days

A lot of people that will say that traditional retail is dying. They’ll point to the rising prominence of e-commerce, which accounts for under 10% of total retail in the U.S. and a whopping 15% or more of total retail in China, as diminishing opportunities for traditional retail. But the reality is that, thanks to technology, the future of traditional retail has never been brighter. Today, brick-and-mortar retailers not only have unprecedented insight as to what is happening in their stores – fr...
Tags: TC, Business, China, Marketing, Supply Chain, Tech, E-commerce, Economy, Artificial Intelligence, Online Shopping, United States, Retail, Logistics, Merchandising, Inventory


Apple’s trillion dollar market cap was always a false idol

Let’s face it, we love large numbers. We are obsessed with them, whether it’s Forbes list of wealthiest individuals or tech unicorns, if it’s a big number we can’t get enough. Such is the case with the somehow magical trillion dollar mark that Apple briefly reached last summer. We splashed the headlines and glorified it as though it mattered…but it didn’t. It was just a number. Sure it showed the tremendous value of the Apple stock, but it was a moment in time fueled by an overheated stock ma...
Tags: Iphone, Apple, TC, Finance, China, US, Tech, Bloomberg, Economy, Tim Cook, Jeff Bezos, Forbes, Reuters, Market Cap, US China, Horace Dediu


What is Southern California’s most valuable pro team among 9 franchises valued at $18 billion?

The Lakers are SoCal’s MVP — Most Valuable Property — worth $3.3 billion, a value that’s No. 5 among all pro sports teams and second in the NBA. That valuation was up $300 million in a year or 10 percent. Los Angeles Lakers’ Tyson Chandler (5) dunks the ball in front of Brooklyn Nets’ Jarrett Allen (31) during the first half of an NBA basketball game Tuesday, Dec. 18, 2018, in New York. The Nets won115-110. (AP Photo/Frank Franklin II) The return of the Rams to Los Angeles was good for busine...
Tags: Business, California, Sports, NFL, Los Angeles, Sport, Economy, Soccer, Brooklyn, Nba, Mlb, Chargers, Melvin Gordon, National Football League, National Basketball Association, NHL




Why doesn’t California treat wildfire hazards like it treats floods?

Water fills the city of Venice after a five-day flood in southern California on March 5, 1938. The overpasses, lower left, and bridges, right center, withstood the deluge. (AP Photo) Kayaker on the flooded campus of Fullerton College in 1938. (Photo courtesy of the Buena Park Historical Society) Sound The gallery will resume in seconds Workers fill bags with sand to repair levees along the river near Sacramento, Ca., Feb. 11, 1938. Levees were broken when high gales swept nort...
Tags: Business, Real Estate, Politics, News, California, La, White House, California News, Sacramento, Los Angeles, San Francisco, Sport, Economy, Soccer, United States, Wildfires


Stock market starts 2019 with more turbulence

By MARLEY JAY | AP Markets Writer NEW YORK — The roller-coaster ride on Wall Street resumed on Wednesday, the first trading day of the new year, as stocks plunged early on, then slowly recovered and finished with a slight gain. The Dow Jones Industrial Average dropped as much as 398 points in the first few minutes of trading after more shaky economic news from China. But it gradually recouped those losses, and a small rally over the last 15 minutes of trading left major indexes a bit higher than...
Tags: Hong Kong, Business, New York, London, News, Microsoft, France, China, Germany, Sport, Economy, Soccer, Treasury, Tokyo, Marley, New York Stock Exchange


Liberty Mutual lays off 40 IT workers in Seattle

The help-desk team helps employees with IT issues, and needed to be in the same Eastern and Central time zones as the majority of the insurer's employees, the company said.
Tags: Business, News, Economy, Seattle, Liberty Mutual


After the events of 2018, climate change should be our biggest priority

No more "flat earth" denial is possible. But addressing global warming will be humanity's greatest challenge.
Tags: Business, News, Environment, Economy


Bubble Watch: 10 Southern California economic trends we worry about

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz As 2018 ends, let’s recap all those economic trends that forced us, at least momentarily, to ask “another bubble?” a decade after the Great Recession. Dissection Listed in order of increasing risk, here are 10 reasons to worry that one of the longest economic upswings in history may draw to a close with an ugly ending. 10. Modest wage growth Local bosses raised salaries in 2018 as the job ma...
Tags: Business, Sport, Economy, Soccer, Federal Reserve, Donald Trump, Southern California, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze, Top Stories LBPT, Top Stories WDN


2019 looks to continue another lights out year for fintech startups

Dana Stalder Contributor Dana Stalder is a general partner at Matrix Partners and invests in fintech, consumer marketplaces and enterprise software. More posts by this contributor Financial technology startups emerged as serious challengers to financial services in 2017 New rules for hiring executive candidates Allen Miller Contributor Allen Miller is a venture captialist at Matrix Part...
Tags: Amazon, Startups, Column, Money, Finance, Economy, Paypal, United States, Jp Morgan, Square, Financial Services, Stripe, Mastercard, Visa, Matrix Partners, Unicorn Club


Monday Memo: Closing the year on stocks, market breather, jobs data

The business week ahead
Tags: Business, News, Markets, Economy, Retail


Investors and entrepreneurs need to address the mental health crisis in startups

Jake Chapman Contributor Share on Twitter Jake Chapman is a managing partner at Alpha Bridge Partners. More posts by this contributor Driving the new American century Specialization, Polymaths And The Pareto Principle In A Convergence Economy Colin Kroll, was the co-founder of Vine and HQ Trivia, both consumer sensations that brought joy to millions; Anthony Bourdain, had been a chef, journali...
Tags: TC, Facebook, Column, Business, Entrepreneurship, Robin Williams, Tech, Ceo, Economy, Mental Health, Innovation, Vine, Private Equity, CRM, Startup Company, Founders


5 things to know before switching credit cards

If you want the cards you carry to fit changes in your life, there are five things you need to know before you make a switch.
Tags: Business, News, Economy



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