More People are Starting to move out of California
The trend of people moving out of California appears to have intensified over the last couple of years. According to the U.S. Census Bureau, domestic migrants are leaving California more quickly than they enter it. The good news is that the overall rate of people leaving is less than what it was in the early
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WGA and AMPTP Reach Deal that Avoids Strike
The Writers Guild of America (WGA) and The Alliance of Motion Picture and Television Producers (AMPTP) reached an agreement early yesterday that stopped a potentially devastating strike. Both sides were eager to avoid a strike like the WGA strike in 2007, which lasted 100 days and affected many in the film and TV industries. Studio
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Latinos are Driving the New Mainstream Economy
The impact that Latinos have in the U.S. is often overlooked, which has happened all throughout the history of the United States. But some people like Sol Trujillo, a global executive and former CEO of telecom giants like Orange S.A. and Telstra, would argue that Latinos play a major role in the United States, especially
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People Moving Away from New York is a good sign for the U.S. Economy
There are a large number of people moving out of the New York region, which seems bad but it is actually a good thing. Since 2010, over a million people have moved out of the New York region, which is a large amount of people. This is actually a good sign that the improved economy
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The California Dream Is Dead For So Many
Children born in California have a less than 50% change of making more than their parent did at 30 years of age. As Matt Levin, CalMatters notes, part of the problem stems from the continued economic inequality, where a smaller percentage of the population is making a bigger amount of money. “What we’re seeing on
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Wells Fargo Creates Fake Accounts & Charges – 5,300 Employees Fired
What is going on at Wells Fargo? Matt Egan with CNN Money has it right, “Everyone hates paying bank fees. But imagine paying fees on a ghost account you didn’t even sign up for. That’s exactly what happened to Wells Fargo customers nationwide.On Thursday, federal regulators said Wells Fargo employees secretly created millions of unauthorized
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Fight for $15 Sends Ashely Furniture and 800 Jobs to Other States
Ashley Furniture HomeStore in California will close two plants in Colton and lay off 840 workers. The work and jobs will be shipped to facilities in Wisconsin and North Carolina. Under the quote that the move would “create more efficiency,” 840 families will be severely impacted and many will find themselves in the unemployment line.
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Obama Releases Overtime Pay To Salaried Employees, NonProfits & Universities Denounce Plan
Today, The Obama administration unveiled a new rule that would let full-time salaried employees earn overtime pay if they make up to $47,476 a year, more than double the current rate of $23,660 a year. The U.S. Labor Department estimates that this will impact 4.2 million workers, yet the plan was quickly criticized by nonprofit
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Trade Unions Want Nothing To Do With Billionaire Tom Steyer
Tom Steyer pledged $5 million for get-out-the-vote programs in order to help Democrats in key battleground states, but having Steyer involves didn’t sit well with trade union such as operating engineers, plumbers, elevator constructors, roofers, laborers, plasterers and heat and frost insulators, who stated that his environmental extremism has cost them jobs. Terry O’Sullivan, president
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Turning Around California’s Foreclosure Market Requires An Investment
By John Ford The Great Recession of 2008 collapsed our housing market and foreclosures skyrocketed. More than seven years later, as home values are beginning to move upward, there are still economic caution flags. California isn’t out of the woods yet; we grapple with some of the highest numbers of foreclosures in the nation. In
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