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Chriss W. Street

Chriss W. Street

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Amazon to Add 100,000 Employees for Automated Market

Despite CEO Jeff Bezos’s political battles with President-elect Donald Trump, Amazon is going all-in by pledging to hire 100,000 U.S. employees with full benefits to launch its fully-automated grocery markets, which are expected to offer drone delivery services.

JerryBrownSigns

Jerry Brown Wants 42% Gas Tax Hike to Bail Out CalPERS

Despite tax collection increasing by 50 percent in the last 9 years, California’s public pension insolvency is forcing Gov. Jerry Brown to propose a dangerously unpopular 42 percent increase in gasoline taxes and a 141 percent increase in vehicle registration fees.

Sam the Eagle Los Angeles Olympics (Getty)

Study: 2024 Olympics Would Boost L.A. Economy by $9.5 Billion

Despite many cities hosting the Olympics facing bankruptcy in the aftermath, a new study by Beacon Economics LLC and UC Riverside predicts that the Los Angeles area would see an $9.5 billion economic boost and generate $4.4 billion in worker earnings if the city is awarded the 2024 Summer Olympics.

George Lucas Reuters

Los Angeles Triumphs in Battle for George Lucas Museum

The Board of the George Lucas “Museum of Narrative Art” picked Los Angeles’ Exposition Park over San Francisco’s Treasure Island on Tuesday as home of the highly anticipated museum of the Star Wars creator’s digital and populist art collection.

Los Angeles skyline (Joel Pollak / Breitbart News)

Downtown L.A. in Biggest Building Boom since 1920s

Breitbart News recently noted that the average monthly rent for a one-bedroom apartment in Santa Monica is the most expensive in the nation at $4,799.20. But it is not just Silicon Beach that is booming: the Los Angeles downtown business district (DBD) is in its biggest residential building boom since the 1920s.

Irfan Khan/Los Angeles Times via Getty Images

Claim: Obamacare Repeal Could Hurt California

The Milken Institute School of Public Health at George Washington University has estimated that from a public sector viewpoint, repealing Obamacare would cost the State of California $20.7 billion in federal funding and eliminate 334,000 jobs.

Sen. Rand Paul (R-KY) emerges from a closed-door weekly policy meeting with Senate Republicans, at the U.S. Capitol, May 10, 2016, in Washington, DC.

‘Audit the Fed’ May Finally Pass Congress

Kentucky’s Sen. Rand Paul appears to be on the cusp of having the Senate and the House pass the “Audit the Fed” legislation that he and his father, former Rep. Ron Paul (R-TX), fought for to stop the Federal Reserve’s “unchecked” and “arguably unconstitutional” meddling in the free market economy.

AFP

Snap IPO Warning: Ex-Employee Says Books Are Cooked

Snapchat’s social media parent, Snap, Inc., seemed headed for a $5 billion IPO until a former employee alleged in a conveniently timed lawsuit that the company misrepresented its financial position and pressured him for proprietary secrets about his former employer, Facebook.

SFO (Kyle Harmon / Flickr / CC)

SFO Airport Sinkhole ‘Emergency’ as Flight Volume Soars

Federal and state transportation officials are warning that San Francisco Airport’s rapidly deteriorating seawall has created the risk of runway flooding and sinkholes as passenger volume soars. San Francisco is legend for environmental hypocrisy, such as flooding the beautiful Hetch

Reuters / Max Whittaker

CalPERS New Reporting Understates Pension Costs

Despite the rising panic over the solvency of California public pension plans, CalPERS’ annual report no longer prominently discloses what additional percentage of employee pay that each of its state, school and local clients pay each month for employee pensions.

solar

‘Peak Solar’ Hits California

Despite the U.S. Congress passing the Consolidated Appropriations Act in December 2015 to slather another $9.3 billion of taxpayer credits on new solar power added to the electrical grid, California solar installments peaked in 2015 and are now headed south.

Irfan Khan/Los Angeles Times via Getty Images

Covered California Thinks It Can Survive Trump

Despite President-elect Donald Trump picking hard-core Obamacare foe Republican Rep. Tom Price (R-GA) as the next Secretary of Health and Human Services, California’s huge Obamacare exchange thinks it can survive the promised “repeal and replace.”