The Federal Reserve will likely raise interest rates later this year, and foreign central bank policies may compel it to sell off Treasury and mortgage-backed securities—reversing Quantitative Easing.
The Los Angeles City Council and Mayor Eric Garcetti will meet with representatives of the California Restaurant Association and other city officials Tuesday to consider steadily raising the minimum wage over the next four years.
“Businesses that sell to foreign markets put more people to work in high-quality jobs, offering more Americans the chance to earn a decent wage,” claimed the Obama administration’s Secretary of Commerce Penny Pritzker in a March 18 Wall Street Journal
Following Benchmark Capital partner Bill Gurley’s warning last week at the South-by-Southwest conference (SXSW) that “we are in a risk bubble”, Bloomberg, the Wall Street Journal and the New York Times all sounded the claxon horn Monday morning that New York hedge funds and mutual funds are flooding into late-stage venture capital-back tech companies in the futile hope of making a killing when the firms go public.
Testimony finished on Friday in Ellen Pao’s sex discrimination trial against Kleiner Perkins Caufield & Byers (KPBC) and closing arguments are scheduled for Tuesday. Soon the trial will be in the hands of the six women and six men of the jury
In the 20th Century, isolationism proved costly—protectionism exacerbated the Great Depression and strategic disengagement pulled America into an even more bloody Second World War. Now, neo-isolationism may prove America’s last reasonable choice.
Competition is about to crank up in the emerging plug-in luxury vehicle sector, with Mercedes debuting its C350e plug-in hybrid-electric sedan this September at about half the cost of Tesla Model S sedan. Mercedes will also become the first car company to deliver diesel powered full-size sedans and SUVs at discounts to gasoline equivalents.
Senator Mike Enzi (R-WY) touted the Republican Party’s “responsible plan that balances the budget in ten years with no new tax hikes” during the GOP Weekly Address on Saturday. Transcript (via ABC News Radio) as Follows: “Hello. I’m Senator Mike
In what is sure to lead to a customer scandal and heighten a U.S. Antitrust Probe, Federal Trade Commission (FTC) staffers determined in an undisclosed report that Google, Inc. allegedly used an algorithm to manipulate search results to favor their own less relevant search over competitors. The alleged Google fraudulent practice only became public when FTC staffers inadvertently shared the document with the Wall Street Journal.
A year ago, the Inland Empire cities of Riverside and San Bernardino were ranked as “Among Slowest To Recover Since Recession,” in unemployment rates, median income and home prices. But those low costs have sparked a new economic boom as Riverside and San Bernardino counties’ job growth now only trails the Silicon Valley tech hubs of Santa Clara and San Francisco counties, according to a report released Thursday at an Ontario economic conference.
When the Republican-controlled Congress promoted welfare reform as one of its top priorities in 1995, opponents accused them of being unsympathetic to the plight of impoverished Americans and insisted the proposed policies would end up harming true reforms.
California’s Employment Development Department (EDD) announced that job growth in tech-strong Santa Clara County, a.k.a. Silicon Valley, hit 5.2 percent in February. Employment growth is now at the highest point since the Dot-com Bubble in 2001.
At the TED conference in Vancouver this year, one of the main designers of the iPod and co-founder of Nest Labs, Tony Fadell, gave a few simple tips about creating awesome products. While most of us won’t be working on the next worldwide gadget phenomenon, his tips, especially those from the late, great Steve Jobs, seemed delightfully practical for all sorts of projects.
The City of San Bernardino, now in default, has asked a judge to dismiss a lawsuit filed by two creditors that loaned money in good faith to the city and want the same repayment terms as the California Public Employee
The U.S. Energy Information Administraiton (EIA) has released a Drilling Productivity Report (DPR) that shows the U.S. drilling rig count in the four major “tight-oil” regions of the Permian, Eagle Ford, Bakken, and Niobrara fields fell 32%, from their October peak of 1160 to 780 rigs. However, despite a 65 percent crude oil price decline and the rig count at the lowest level in almost four years, the EIA predicts that production from these four regions is 500,000 barrels per day higher than in October. That translates to a $25 per barrel break-even price, meaning U.S. crude oil prices will remain low.
Wednesday at town hall event held at the City Club of Cleveland, when asked what he would have done differently, President Barack Obama said he regretted he did not “more aggressively” warn the American public how long it was going
Federal Reserve policymakers are meeting to consider whether to open the door to raising interest rates as early as June. Falling unemployment favors higher rates, but inflation remains well below the Fed target of 2 percent.
San Bernardino, which owed almost $10 million on its pension bond debt ever since it declared bankruptcy in 2012, has defaulted, according to Reuters. Since September, the city has avoided dealing with the bondholders, who have been left out in the cold.
At the end of January, the Obama administration announced the next step in a long process that could result in the exploration and ultimate extraction of oil-and-gas resources of the U.S. mid-Atlantic—something the Outer Continental Shelf (OCS) Governors Coalition supports. On March 30, the 60-day comment period ends. If everything goes well, we could see new American resources on the market in twenty years.
During the midterm elections, conservatives ushered in a new crop of Republican representatives, senators, governors, and state legislators. Most of the winners promised to cut the size and scope of government. While we still have many obstacles on the federal level, there are real examples on the state level of cutting government waste.
The world premiere of Alex Gibney’s “Steve Jobs: The Man in the Machine” at South-by-Southwest in Austin was expected to be a celebration of the life and times of the departed founder of Apple Inc. Instead, the movie trashes Jobs and ridicules the global outpouring of emotion that greeted the Apple leader’s 2011 death. Gibney slimes Jobs as less than rock star or a writer of fiction, “but merely a man who sold us things.”
Ashton Kutcher took on the character of Steve Jobs for a Hollywood movie, but he also channeled Steve Jobs’s life and has made about $100 million in early-stage technology investments through his venture capital fund, called A-Grade Investments.
With Hillary Clinton’s campaign for the 2016 Democratic nomination for President now in shambles, Corporate America seems all of a sudden on the hunt for a viable pro-“Corporate America” alternative.
In just a few years, a handful of Silicon Valley ridesharing companies have created a new market that’s worth multiple times the entire U.S. Taxi industry.
Ellen Pao, who is suing for $16 million in damages for sexual harassment, was cross-examined over the past two days by attorneys for her former employer, Kleiner Perkins Caufield & Byers (KPBC). The defense depicted Pao as belligerent, full of
