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Section 8 rent checks in jeopardy if shutdown lasts until March

Tenants getting federal rent subsidies have yet to be affected by the partial government shutdown, now in its fourth week. But big problems could arise for those renters and their landlords should the shutdown last until March. Local housing authorities serving about 125,000 Section 8 tenants in the region say rent payments will run out after February if the shutdown continues. And the mere uncertainty of future payments may impact those now reaching the top of years-long waiting lists, making i...
Tags: Post, Business, Real Estate, Washington Post, Housing, Sport, Soccer, Hud, San Bernardino, Brown, Los Angeles County, San Bernardino County, U S Department of Housing and Urban Development, Vasquez, National Low Income Housing Coalition, Los Angeles Orange Riverside


Britain’s May faces no-confidence vote after Brexit plan crushed

By JILL LAWLESS, DANICA KIRKA and GREGORY KATZ LONDON — British lawmakers on Tuesday overwhelmingly rejected Prime Minister Theresa May’s divorce deal with the European Union, plunging the Brexit process into chaos and leading to a no-confidence vote in her government. Moments after the vote, May said it was only right to test whether the government still had lawmakers’ support to carry on. Lawmakers will vote Wednesday in a no-confidence motion from opposition leader Jeremy Corbyn that could tr...
Tags: Europe, Business, London, News, Berlin, Uncategorized, Eu, Sport, European Union, World news, Britain, Soccer, Ireland, Theresa May, Labour, House


Owner of Southern California News Group puts in hostile, $1.4 billion bid for USA Today publisher

The publisher of USA Today has received a $1.36 billion hostile bid from a media group with a history of taking over struggling newspapers and slashing jobs. MNG Enterprises, better known as Digital First Media, said in a letter to Gannett Co. Monday that its leadership team has failed to show it can run the company effectively. The newspaper industry has shrunk and consolidated as readers ditch print papers and go online. Estimated U.S. daily newspaper circulation, print and digital combined, f...
Tags: Post, Business, Usa, New York, Sport, Soccer, New Jersey, Usa Today, Gannett, Wall Street Journal, Pew Research Center, New York Daily News, Arizona Republic, Denver Post, Boston Herald, McLean Virginia


SpaceX rocket booster returns to Port of L.A., Dragon capsule soon to follow

SpaceX workers were busy Monday, Jan. 14, at the Port of Los Angeles preparing a Falcon 9 rocket booster for eventual re-flight. The booster was used during a launch on Friday, Jan. 11, out of Vandenberg Air Force Base to propel a set of 10 communication satellites into orbit for Iridium Communications. After carrying the payload through the thickest parts of the atmosphere, the booster separated and descended back to Earth in a controlled burn of its engines. It then stuck the landing on an unm...
Tags: Business, Spacex, Elon Musk, California, Sport, Earth, Soccer, International Space Station, Port Of Los Angeles, Iss, Pacific Ocean, Vandenberg Air Force Base, Falcon, San Pedro, Baja California, SpaceX Falcon


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


A lot of big-money promises: Newsom’s housing budget explained

No wonder Gov. Gavin Newsom dropped those hints last week about an upcoming “Marshall Plan” for affordable housing. Sure, he’d made ambitious campaign promises to combat California’s housing crisis: leading the effort to build 3.5 million units over the next seven years (an unprecedented rate), jacking up state subsidies for housing reserved for lower-income Californians, and easing regulations so it would be easier to build all types of new housing. But what would he deliver? We got the first g...
Tags: Business, Real Estate, Politics, News, California, Housing, California News, San Francisco, Sport, Soccer, Beverly Hills, Silicon Valley, Jerry Brown, Gavin Newsom, Legislature, Bay Area News Group


SpaceX layoffs include 577 positions in Hawthorne

Hours after launching its first rocket of the new year on Friday morning, Elon Musk’s company told stunned employees that roughly 10 percent of SpaceX’s workforce would be laid off. Workers were sent home early to await notification to their private email addresses about their fate. The vast majority of Space Exploration Technologies Corp.’s more than 6,000 employees are employed at its headquarters and rocket factory in Hawthorne; hundreds of others are based in Seattle, Florida, Washington, D....
Tags: Business, Spacex, Elon Musk, Florida, Texas, Los Angeles, Tesla, Sport, Nasa, Soccer, International Space Station, Mars, Wall Street Journal, Cnbc, Musk, Boeing Co


Could Gov. Newsom’s ambitious housing goals be sidelined by a worker shortage?

Gov. Gavin Newsom has said he wants to build as many as 3.5 million new houses by 2025 to solve California’s housing crisis. But those ambitious goals could be derailed without hundreds of thousands of new construction workers needed to dramatically accelerate the pace of California home building, even assuming that cities agree to zone for more housing and there’s money available to build it all. And it’s hard to imagine, given recent trends, where that many additional workers in the low-wage, ...
Tags: Business, Real Estate, News, California, Housing, California News, Sport, UPS, Soccer, Construction, Gavin Newsom, Bay Area, SAN JOSE Calif, Blake, Romero, Diaz


PG&E, facing colossal liability, seeks bankruptcy protection

SAN FRANCISCO — Facing potentially colossal liabilities over deadly California wildfires, PG&E will file for bankruptcy protection. The announcement Monday follows the resignation of the power company’s chief executive a day earlier. PG&E said Monday that it’s given the required 15-day advance notice that it plans to file for Ch. 11 bankruptcy protection. The company has already been blamed by state fire investigators for wildfires that broke out in October 2017. The company says will be able to...
Tags: Business, News, California, Uncategorized, California News, San Francisco, Sport, Soccer, John Simon, National News, PG E, PG E Corp, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB


More than 1,000 bid farewell to Southern California real estate icon Bruce Mulhearn

  A bagpiper plays as hundreds gathered to celebrate the life of Bruce Mulhearn in Long Beach on Saturday, January. 12, 2019. Mulhearn who passed away December 26, at the age of 80 was president of Berkshire Hathaway HomeServices California Properties and a dominant figure in Southern California’s real estate industry. (Photo by Brittany Murray, Press-Telegram/SCNG) Tomazina Mulhearn accepts the flag honoring her husband as hundreds gathered to celebrate the life of Bruce Mulhearn in Long ...
Tags: Real Estate, England, California, Scotland, Uncategorized, Sport, Soccer, United States, Newcastle, Long Beach, Obituary, Local News, Rush, Southern California, Robert Burns, Kirk


How to fill a commercial real estate vacancy — QUICKLY!

Had I authored this column at the beginning of 2017, the advice would have been much different: list, field offers, choose the best one, enter contract, close! Simple. However, with times a-changin’ this column provides a more intense process to ensure you choose the right professional and fill your vacant commercial real estate quickly. If you own commercial property, at some point you will suffer a vacancy. If you have the opportunity to “salvage” an occupancy, please do! It’s much cheaper to ...
Tags: Google, Business, Sport, Soccer, Mls, Commercial Real Estate, Anaheim, Lee Associates Commercial Real Estate Services, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze, Top Stories LBPT


The shutdown today: Government closure is now longest ever

By The Associated Press Here’s what’s up with the partial government shutdown on Day 22. WHAT’S NEW TODAY The shutdown officially is the longest in U.S. history, eclipsing a 21-day closure that ended Jan. 6, 1996, during President Bill Clinton’s administration. The House and Senate adjourned for the weekend, with lawmakers scattering to their states and districts before snow blankets the nation’s capital. With no negotiations expected during the weekend, the shutdown will enter its fourth week n...
Tags: Business, News, Congress, Washington, Senate, Uncategorized, Sport, Nasa, Soccer, Alaska, House, Bill Clinton, Smithsonian, Miami, Homeland Security, Donald Trump


Disney CEO Iger got an 81% compensation boost in 2018

2018 was a very good year for Walt Disney Co.’s chief executive. The company disclosed in a proxy statement on Friday, Jan. 11 that Bob Iger’s compensation package last year jumped to $65.65 million vs. $36.3 million in 2017. According to a Seeking Alpha report disseminating the proxy statement, Iger saw his stock options rise the most, to a value of $35.35 million from $8.98 million in 2017. His base salary rose to $2.87 million from $2.5 million. Disney’s chief financial officer got a 32 perce...
Tags: Business, Uncategorized, Disney, Sport, Soccer, Iger, Disneyland, Disneyland Resort, Walt Disney Co, Bob Iger, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun


Disney’s CEO Iger got an 81% pay boost to $65.65 million in 2018

2018 was a very good year for Walt Disney Co.’s chief executive. In a proxy statement posted Friday, Jan. 11, the company disclosed that Bob Iger’s compensation package last year jumped to $65.65 million vs. $36.3 million in 2017. According to a Seeking Alpha report disseminating the proxy statement, Iger saw his stock options rise the most, to a value of $35.35 million from $8.98 million in 2017. His base salary rose to $2.87 million from $2.5 million. Christine McCarthy, Disney’s chief financi...
Tags: Business, Uncategorized, Disney, Bloomberg, Sport, Soccer, Iger, Disneyland, Disneyland Resort, Walt Disney Co, Bob Iger, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF


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


Extended shutdown of SEC could delay IPOs, ripple through market, experts warn

By Renae Merle, The Washington Post The shuttering of the Securities and Exchange Commission during a prolonged government shutdown could ripple throughout the markets, including slowing some highly anticipated stock offerings by companies such as Uber and Lyft, securities experts say. The agency provides day-to-day guidance to companies weighing what to disclose to shareholders and must sign off on most initial public stock offerings, or IPOs. Without this advice, companies may have to delay me...
Tags: Apple, Lyft, Business, News, Pinterest, Washington Post, Mexico, Sport, Soccer, Angel, SEC, Smith, Turner, Securities And Exchange Commission, Trump, Johnson Johnson


See how cities are connecting workers to builders as labor pool shrinks

A year ago, Jeromy Gaviola was struggling to find steady and meaningful work in San Francisco. Living in the working-class neighborhood of Hunters Point, he heard about a program that was training residents to build the Chase Center, the $1 billion, 18,000-seat arena in Mission Bay that will be the new home of the Golden State Warriors when it opens this fall. Gaviola, 33, applied to the program, was accepted and completed six weeks of training in early September. He then began working at the ar...
Tags: Business, Real Estate, Jobs, Colorado, Milwaukee, San Francisco, Sport, Soccer, Nba, Wisconsin, Miami, Denver, Golden State Warriors, Commercial Real Estate, Miami Dade County, Crespo


HOA Homefront: Some tips to hit new goals in 2019

The late and legendary coach John Wooden said, “The most important key to achieving great success is to decide upon your goal and launch, get started, take action, move.” Your association might benefit from setting a few goals, then moving to achieve them. Here are some ideas for the coming year: Increase the association’s reserve funds by 15 percent. The closer the association is to a fully funded reserve account, the more financially secure it is. Reduce assessment delinquencies by 20 percent....
Tags: Business, Real Estate, California, Housing, Sport, Soccer, Hoa, Cai, John Wooden, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze


Air taxis could fly people across major cities by ‘mid-2020s,’ company says

By Peter Holley, The Washington Post In traffic-clogged cities such as Houston, Atlanta, New York and Los Angeles, it can take hours to drive a few miles during rush hour. For years, inventors have been working toward a potential solution: vertical takeoff and landing aircraft. Though some know them as “flying cars,” early prototypes more closely resemble a hybrid version of an airplane and a helicopter with a hint of drone, rather than a conventional automobile. Among the most highly anticipate...
Tags: Business, Technology, News, Los Angeles, Walmart, Sport, Soccer, Faa, Federal Aviation Administration, Automakers, Hastings, Dallas Fort Worth, Peter Holley, Top Stories LADN, Top Stories OCR, Top Stories PE


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


California gets last-minute REAL ID extension

California narrowly averted a major crisis for travelers taking to the sky this year after the Department of Homeland Security granted it a last-minute extension to meet REAL ID requirements, despite the government shutdown. If California hadn’t received the extension and homeland security hadn’t officially certified it met the REAL ID requirements, it would have forced the state’s residents to present a passport for all air travel beginning Jan. 22. That’s a big change from the October 2020 dea...
Tags: Business, News, California, California News, Sport, Dhs, Soccer, DMV, Wisconsin, Driving, Donald Trump, Department Of Homeland Security, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB


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


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


Gov. Newsom offers $144 billion California budget, ups savings

By JONATHAN J. COOPER SACRAMENTO, Calif. — California Gov. Gavin Newsom proposed a $144 billion general fund budget in his first spending plan Thursday, up 4 percent from the current year. The new governor’s budget includes $13.6 billion to build the state’s reserves and to pay down state debt and its growing pension liability. It’s in keeping with his promise to follow in the fiscally frugal path of his predecessor, termed-out Gov. Jerry Brown. Like Brown, Newsom said he is girding the state ag...
Tags: Business, News, California, Uncategorized, California News, Sport, Soccer, Gavin Newsom, Brown, Legislature, Sacramento Calif, Newsom, JONATHAN J COOPER, Top Stories LADN, Top Stories OCR, Top Stories PE


Pasadena mansion famous for ‘Dynasty’ catfight between Linda Evans and Joan Collins is chopped to $19.5 million

Arden Villa sits on nearly three acres behind imposing gates that open to a 100-yard, tree-lined drive. See more in the slideshow. (Photo by Darwin Nercesian) (Photo by Darwin Nercesian) Sound The gallery will resume in seconds (Photo by Darwin Nercesian) (Photo by Darwin Nercesian) (Photo by Darwin Nercesian) (Photo by Darwin Nercesian) (Photo by Darwin Nercesian) (Photo by Darwin Nercesian) (Photo by Darwin Nercesian) (Photo by Darwin Nercesian) (Photo by...
Tags: Business, Hollywood, Housing, Sport, Soccer, Pasadena, Darwin, Joan Collins, Linda Evans, Hollywood Reporter, Berkshire Hathaway HomeServices, Matlock, Billy Madison, ABC TV, Top Stories LADN, Top Stories OCR


Fiat Chrysler to pay $800 million to settle emissions lawsuits

Fiat Chrysler Automobiles NV will pay an estimated $800 million in fines and costs related to recalling and fixing thousands of vehicles under civil settlements announced Thursday by California and the U.S. Justice Department, which alleged some of its diesel-powered vehicles violated clean-air rules. “A multinational corporate bad actor seriously violated American emissions laws to the detriment of the health and welfare of the people of the United States,” said Jeffrey Bossert Clark, assistant...
Tags: Business, Maryland, California, Sport, Soccer, United States, Vw, Epa, Justice Department, Fiat Chrysler, Automakers, U S Environmental Protection Agency, U S Justice Department, Volkswagen AG, Brian Frosh, California Air Resources Board


Lampert raises offer to more than $5 billion to keep Sears open

Eddie Lampert’s ESL Investments is sweetening its offer to keep Sears Holdings Corp. in business, outlining a $5 billion plan to buy the retailer out of bankruptcy. The new bid, about $600 million more than Lampert previously offered, should satisfy conditions set in U.S. bankruptcy court on Tuesday after his earlier plan was rejected, ESL said Thursday in a filing. The terms include up to $166 million to cover payments to suppliers, up to $139 million of bankruptcy-related expenses and as much ...
Tags: Business, Sport, Soccer, United States, Kmart, Sears, Esl, White Plains New York, Sears Holdings Corp, Eddie Lampert, Lampert, Burt Flickinger, Strategic Resource Group, Top Stories LADN, Top Stories OCR, Top Stories PE



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