Lakers star Anthony Davis, right, reacts as he is stripped of the ball by Memphis Grizzlies guard Ja Morant during the first half on Friday night at Crypto.com Arena. The Lakers lost for the 10th time in 13 games to drop two games below .500. (Photo by Harry How/Getty Images) Lakers star LeBron James drives … Read more
Stock performance clobbered home prices in 2023, the year after the reverse was true. My trusty spreadsheet looked at a half-century of stock-trading patterns (the Wilshire 5000-stock index) and home-price swings (the Federal Housing Finance Agency US index) to determine how these two assets vary in price fluctuations. Consider that the Wilshire was up 25% … Read more
Federal regulators are seeking $500,000 in back wages and liquidated damages from a Pasadena eatery that allegedly withheld a portion of employee tips and used the money to fund business expenses. A Dec. 28 complaint filed in federal court by the U.S. Department of Labor alleges Entre Nous French Bistro and owners Jean-Christophe Febbrari and … Read more
Dozens of cooks, housekeepers, dishwashers, bellmen and others continued their walkout at the Hilton Pasadena and Hyatt Place Pasadena on Tuesday, Jan 2 as they fight for higher wages and better working conditions. The action, which began at dawn on New Years Eve, is part of a massive strike involving 15,000 workers from 60 Southern … Read more
Southern California added 21,700 real estate workers in the past year, a hiring pace faster than the overall job market. My trusty spreadsheet found property-linked employment in Los Angeles, Orange, Riverside, and San Bernardino counties was 803,700 in November 2023. That’s off 1,200 for the month, but in pre-pandemic 2015-19, 2,020 jobs were cut on … Read more
SAN DIEGO — It is one of sport’s hoariest and lamest cliches, usually applied as a rationalization for one’s own lack of effort: “The other team wanted it more.” It is an empty sentence, that is, until bowl season. Then there’s some meaning to it, although maybe the phrasing should be flipped: “More of them … Read more
San Diego, CA, November 30, 2023: Distribution clerks Ross Albers, left, and Piero Cavallini put packages on a new Automated Delivery Unit Sorter (ADUS), which is used to automate sorting of smaller packages at Chula Vista’s Main Post Office on Thursday, November 30, 2023. The location has been selected as a new sorting and delivery … Read more
A record number of Southern Californians were working in November, despite a hiring pace that was three-quarters what’s normal for the month. My trusty spreadsheet, filled with state job figures released Friday, Dec. 22, found a record 8.17 million at work in Los Angeles, Orange, Riverside and San Bernardino counties. That’s a gain of 47,400 … Read more
California’s economy could use some holiday cheer. Yes, like the nation, the state avoided a recession in 2023 despite numerous challenges, including a Federal Reserve throttling business opportunities with high interest rates to chill a nasty bout of inflation. In fact, the state economy’s 3.4% growth, as measured by Gross Domestic Product for 2023’s first … Read more
A strike by county-employed doctors, dentists, psychiatrists and veterinarians in Los Angeles was averted Friday, Dec. 22 when the two sides agreed to have third-party experts intervene. The employees, who are represented by the Union of American Physicians and Dentists, say their current benefits plan, Choices, is the same one provided to rank-and-file county workers. … Read more
