Entries from LAist tagged with 'economy>'
July 24, 2008
Now here's a sign of the times. Ford Motor Company has posted their 2nd Quarter results showing a $8.67 billion loss in the United States market. With gas rising, the economy struggling and a generally more eco-conscious(ish) nation, is this a surprise next move? "They will retool two more North American truck and sport utility vehicle plants to build small, fuel-efficient vehicles," according to the Associated Press.......
Continue Reading "Ford Loses Billions; to go Smaller, More Fuel Efficient"July 16, 2008
Yesterday, we highlighted Steve Hymon's explanation on why there is traffic in Los Angeles. We started off by saying something we heard LA City Council President say to a group of people a year ago. In a phone conversation with his office, we said we stated his thoughts, but very simply and that if he wanted to clarify and expand, to please do so. Garcetti did just that in the comments section this morning. Here's......
Continue Reading "Councilman Eric Garcetti Writes in on Traffic"July 15, 2008
Councilman Eric Garcetti once explained to a group of people that traffic is a sign, a good sign. A sign of a strong economy. If there was no economy, people wouldn't be traveling to their jobs, thus causing traffic. Today in the print edition (and in the blog yesterday), LA Times' Road Sage, Steve Hymon, backs that theory up. He shows two different maps: one of population density and another of job density. "The maps......
Continue Reading "Traffic, Explained"July 2, 2008
According to an independent market-research firm, AIMRCo (Adult Internet Market Research Company), the porn industry, specifically online properties providing adult content and erotic material are experiencing some swollen numbers in recent weeks thanks to the checks of up to $600 for individuals and $1,200 for married couples that the Bush Administration’s Economic Stimulus Plan handed out this spring. In a press release issued today by the firm that “specializes in gathering, interpreting and distributing data......
Continue Reading "Study Reveals Adult Industry is Enjoying Bush’s Stimulus Package"July 1, 2008
Now that the contract between the largest actors guild and the movie studios has expired, with talks to resume Wednesday, the Alliance of Motion Picture & Television Producers is using a tactic on their website to show the economic pain the actors will supposedly cause if they authorize a strike. Two flash animation boxes on their homepage give out these statistics based on an Milken Institute study (for the writers strike) and Screen Actors Guild's......
Continue Reading "Movie Studios' Tactic to Pressure Actors & Public Away from a Strike"June 11, 2008
The USA National Gas Temperature Map by LosAngelesGasPrices.com Oh my, look at California. The darkest state of them all... on this map, at least. In fact, California currently has the second most expensive gas in the country next to Alaska, whose current average price of a regular is $4.572. The Golden State sits 6-cents below at 4.510 (and Los Angeles is around $4.50). Why does California have some of the highest prices? In a......
Continue Reading "Map of the Day: Gas Prices Around the Country"June 10, 2008
As the average price for a gallon of gas tips over $4 across the country (in Los Angeles, the average is about $4.46 for regular), the Senate will vote today on a "windfall tax" that would snag some of the top oil company's profits at the tune of $17 billion -- in other words, the tax breaks they would expect in the next ten years. $36 billion was earned by the top five oil companies......
Continue Reading "Congress Proposes Mega Tax to Oil Companies"June 8, 2008
Photo taken on 6/6/08 in Santa Monica | © Copyright 2008 by Jonathan Alcorn (Sundogg) via LAist Featured Photos pool on Flickr When it comes to the cost of a gallon of gas these days, it certainly doesn't seem to be the case that "it can't get any worse." We grumbled when it got to $3, winced when it hit $3.40, cringed when it hovered at the $4 mark, and now we're seeing prices......
Continue Reading "The Price of Gas Takes its Toll"June 6, 2008
The rising price of gas is nothing new, but these past seven days, a gallon of gas has jumped up 27 cents. Prices have not increased at this pace since August 2003. One year ago, gas prices were about one dollar less than today's Los Angeles average of $4.38 per gallon of regular. "The Auto Club says California refineries are producing more diesel fuel and less gasoline, creating a need to import more costly unleaded......
Continue Reading "Gas is up 27-Cents from a Week Ago"June 6, 2008
Today, the Office of Vital records told all California counties can start issuing same-sex marriage licenses the minute after the California Supreme Court's order goes into effect, which is June 16, 5:01 p.m. Previously, officials had told county clerks that they could begin officiating gay marriages on June 17. Originally, marriages would have been allowed on June 14, but a request to stay the ban by opponents pushed back the date while justices reviewed a......
Continue Reading "Gay Marriage Start Date Moved Up"June 5, 2008
Photo LaMenta3 via Flickr Now that same-sex marriages are legalized in California (they begin June 17), this weekend's 38th annual Los Angeles Lesbian, Gay, Bi, and Transgender Pride celebration will probably have more energy than ever before. From Friday through Sunday, events including the Dyke March, the two-day Christopher Street Festival (with headliners Joss Stone and Olivia Newton John) and the parade, West Hollywood will be abuzz with activity. And with festivals and parades......
Continue Reading "Gay Marriages + LA Pride Week = Party!"June 5, 2008
Photo by r_neches via Flickr "As parents, we are ready to fight this. We are ready to have protests and boycotts and do whatever is necessary to ensure adequate funding for our schools and for social services that affect children and their families," states a petition released by a group calling themselves Parents for Full Funding. Ron Kaye, ex-editor of the Daily News, sees this as a movement that's the seed beginnings of civil......
Continue Reading "Parents & Teachers to Protest School Cuts"June 4, 2008
LAist Featured Photos contributor Marshall Astor titled this photo "Holy Fuck Part Deux! Thrifty Gas in San Pedro Goes for Broke." He continues to say "this gas station's prices have gone nuts, but every time I drive by, there's some moron at the pump getting gouged. "For reference, I paid $4.01 at a nearby station last week, and most other nearby stations are in the low $4.10-20 range. "I'm expecting this pump to hit $5.00......
Continue Reading "Found in LA: Not So 'Thrifty' Gas"June 4, 2008
The California Supreme Court denied the request to stay same-sex marriages until after a November vote by a 4-3 vote, it was announced today. That means marriages may be commenced starting June 17 throughout California. The order becomes final on June 16 at 5 p.m., according to a press release sent out by the state's Judicial Council. Last month, enough signatures were collected by opponents of same-sex marriage to put an amendment change proposal on......
Continue Reading "Justices Deny Stay on Gay Marriages, Unions Begin on June 17"June 3, 2008
LA County's sales tax is already one of the highest in the state, but in the name of fixing this traffic and transportation problem (in which money seems to be the cure, according to some), Los Angeles based state assemblyman Mike Feuer has gotten his legislation, AB 2321, passed. It allows the Metro Board to place a proposal on November's ballot asking voters to raise the sales tax by a half-cent. "That would take the......
Continue Reading "November Ballot Could Carry Sales Tax Increase"June 3, 2008
Photo by manmadepants via the LAist Featured Photos pool on Flickr Los Angeles is not short of ideas for the how-to-do and where-to-do public transportation. The problem is always money. Ironically enough, the very thing that needs funding is one that causes the region to lose out on $12 billion a year, says one study. LA City Councilwoman Wendy Greuel writes in CityWatch: The average Angeleno spends 93 hours per year stuck in traffic.......
Continue Reading "Money Limited for Public Transit; Bad Traffic Costs $12 Billion"June 2, 2008
Today, California Secretary of State Debra Bowen announced (pdf) that the initiative to ban gay marriage through a state amendment change qualifies for the November 4th ballot. 1,120,801 signatures were submitted and enough signatures qualified through a random sample signature check. If passed, the amendment would change California's consitutution to define marriage as a union “between a man and a woman.” One poll said that Californians "narrowly" reject gay marriage. LIMIT ON MARRIAGE. CONSTITUTIONAL AMENDMENT.......
Continue Reading "Gay Marriages to be Decided at November Election"June 2, 2008
Despite the uncertainty of gay marriages lasting in California, an upswing in travel and wedding plans is expected to bring a boost to the California economy. It could bring in $370-million, according to the research director at the Williams Institute on Sexual Orientation Law and Public Policy at the UCLA School of Law. The estimate is based on half of the 92,000 same-sex couples in California getting married and using the average of $8,040. This......
Continue Reading "Gay Marriages & California's Economy"May 30, 2008
A converted biodiesel car | Photo by Jessica DeWinter Oil's gone up in price, and therefore gas. Food has followed including the price of second hand grease from restaurants used for cars after its turned into biodiesel. Eataries used to have to pay to have their grease taken away, but due to the popularity of its use for greener transit, the price has more than quadrupled since 2000. Just like a new trendy crime......
Continue Reading "As Price of Grease Rises, Environmentalists Steal"May 29, 2008
It's not just oil and gas, it's everything. And food is especially not safe. Bill Lapp of Advanced Economic Solutions (he was previously the chief economist for ConAgra Foods Inc.) said that food prices in the U.S. will rise 9% per year through 2012, reports Reuters. During a telephone news conference, Lapp said he was completing a new analysis of food and commodity prices. He foresaw average corn prices of $5.25 a bushel through 2012,......
Continue Reading "Food Prices to Increase 9%, Says Analyst"May 22, 2008
A state report (.pdf) to be presented today says that "as many as 24,000 deaths annually in California are linked to chronic exposure to fine particulate pollution," according to the LA Times. That's more than triple the figures announced by the Southern California Association of Governments (SCAG) when they asked Governor Schwarzenegger and President Bush to declare a state of emergency regarding the 5400 environmental/pollution related deaths a year. With the alarming amount of deaths,......
Continue Reading "24,000 California Deaths Linked to Pollution"May 21, 2008
Taken on May 20th at Melrose and Fairfax | Photo by K. Moriarty via LAist Featured Photos on Flickr In the non-surprise of the day, Oil jumped up in price again--$5, making a barrel of oil now over $134. "All the usual explanations are cited: a weak dollar, production worries, and the role of speculators," noted Mark Lacter in his daily news roundup on LA Biz Observed, where oil now has a cozy quotidian......
Continue Reading "Oil: Now, $134; Someday Soon, $150"May 5, 2008
Oil just keeps creeping up in price everyday it seems. This morning, headlines like this read "Oil Passes $120 A Barrel For First Time Ever." But don't expect today's record breaking numbers to be the cause of any immediate increases in local gas prices. According to Jeffrey Spring of AAA of Southern California, it takes three to six weeks to see the effect of oil prices at the pump. Any price increase or decrease on......
Continue Reading "Oil Breaks Records... Again"April 29, 2008
Now here's something par for the course: President Bush blames congress for the high price of gas. On the business side of things, Mark Lacter notes that "Royal Dutch Shell and BP both reported record first-quarter numbers, beating analysts’ expectations. Shell’s net income rose 25 percent to $9.08 billion. Exxon Mobil and Chevron are set to report later this week." (Emphasis added) In Los Angeles, the ">average price of a gallon of regular gas is......
Continue Reading "Gas is High, Why?"April 24, 2008
Now the predictions are really getting people's attention: "Surging crude prices, which could surpass $200 a barrel in four years on tight supplies, could push gasoline prices to as high as $7 a gallon, CIBC World Markets analysts said Thursday," MarketWatch said early this afternoon. Currently, U.S. oil is $116 a barrel, down $3.90 from Tuesday's "historic high." The national average is $3.56 and in Los Angeles, the upward trend pushes the local average to......
Continue Reading "$7 Gas Coming: Tipping Point for Public Transit, Bicycles & Alternative Cars?"April 15, 2008
Mayor Villaraigosa addressed his third State of the City at the LAPD's Parker Center last night, focusing in on gangs and the city budget, but also with some other talking points that were worth noting: On public transit: "Our national leaders must rethink the balance of our spending on highways vs. subways. It's time to recognize that the only true solution to long-term to gridlock in Los Angeles or anywhere else in the country is......
Continue Reading "Mayor's Speech: Getting Serious About Rail"April 14, 2008
It's that time of the year again for Mayor Villaraigosa to make the annual State of the City speech at the LAPD's Parker Center. His third one since taking office, tonight's address is expected to focus in on the red-lined budget and crime, specifically gangs. In a poignant LA Times editorial, they say tonight presents him with "opportunity and obligation. He must make clear that he has a firm grip on" these two issues. Furthermore,......
Continue Reading "Mayor to Address State of the City"April 9, 2008
This photo was taken on April 6 on Alameda near Union Station by LAist Featured Photos contributor ~db~. This afternooon, The Guardian reports that "oil surged to a record high over $112 a barrel on Wednesday after a government report showed a sharp drop in U.S. inventories ahead of the summer driving season." LosAngelesGasPrices.com has a chart and if you take a look at this link you might go "whoa." The average Los Angeles gas......
Continue Reading "Big Surprise! Gas Prices Up Again"March 25, 2008
No, not because he had a record-breaking fundraising day. In fact, McCain sent an email to his supporters asking them to donate to his campaign within the next week in order to make his 1st quarter fundraising numbers look sexy (OK, he didn’t actually say he wanted them to look sexy but it's not a bad strategy as a way to compete with Obama). He did, though, pick up the endorsement of former First Lady......
Continue Reading "A Big Economic Day for McCain in Santa Ana"March 18, 2008
A gallon of gas in California is averaging $3.63, 35-cents more than the regular joe American, and yesterday, a barrel of oil topped $111 (this time last year, it was $57). But as the San Francisco Chronicle explains, this isn't about supply and demand. Rather, it's the dollar and they break it down: Oil is traded in dollars. A weak dollar means that foreign investors can buy more oil, which helps drive up the price.......
Continue Reading "The Rising Price of Gas Explained"