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Business

“…California sues ExxonMobil, alleging deception about plastics recycling”

“…“Exxon Mobil knew that 95% of the plastic in the blue bin was going to be incinerated, go into the environment or go into a landfill,” California Attorney General Rob Bonta said in an interview. “They knew and they lied.”… Continue Reading…

Economy

“As burglars torment L.A. neighborhood, anxious residents consider buying guns, hiring security”

“…At least 10 burglaries were reported in Encino in the last month, according to the Los Angeles Police Department. Residents say there have probably been more in this Valley neighborhood, which is home to roughly 60,000 people. Some in Encino… Continue Reading…

Economy

“California exodus left a gaping population hole. Can the Golden State finally bounce back?”

“…Though the state population grew 0.17% in 2023 — the first year of growth since the COVID-19 pandemic — California is still 1.2% smaller than it was in 2019, according to a Times data analysis. If the state continues to… Continue Reading…

Business

“Apple lays off over 600 California employees after shuttering car project”

“…The filing comes weeks after Apple canceled a long-running project to build an electric, self-driving car in a team called the Special Projects Group. While the California notice didn’t mention the specific projects where jobs are being cut, none of the locations… Continue Reading…

Economy

“California Businesses Take On Gavin Newsom Over Tax Hikes”

“A coalition of California companies is going to war with Gov. Gavin Newsom and his Democratic allies over taxes it says have grown out of control in the Golden State. The businesses have gathered enough signatures to put a measure on November’s… Continue Reading…

Business, Economy

“Over 500,000 fast-food workers in California just got a huge raise thanks to a new law—but not everyone is celebrating”

https://finance.yahoo.com/news/over-500-000-fast-food-193615296.html There’s no need to quote the article here. Click the link if you wish to read. More importantly businesses are going to layoff employees. Low wadges are better than no wadges. Communism / socialism does not work. Jobs can… Continue Reading…

Business, Economy

“Fast food workers are losing their jobs in California as new minimum wage law takes effect”

“Fast food workers are losing their jobs in California as more restaurant chains prepare to meet a new $20 minimum wage set to go into effect next week. Restaurants making cuts are mostly pizzerias, according to a report published by The Wall… Continue Reading…

Banking

“2 California banks are merging into a new $36 billion bank. It’s the latest in a string of consolidations after a crisis rocked the US banking world in March.”

“Shares of Banc of California and PacWest Bancorp got a major boost from news Tuesday that the two lenders will merge in an all-stock deal to create a new bank. PacWest shares surged 31.3% to $10.10 apiece in after-hours trade after news… Continue Reading…

Business

“Thousands of Southern California hotel workers begin strike”

“Just as the July Fourth holiday weekend gets into high gear, thousands of hotel workers in Southern California began striking Sunday morning seeking to negotiate a contract with higher wages and other benefits, according to the union representing the workers.… Continue Reading…

Business

“Meta threatens to pull news post from facebook instagram if California bill becomes law”

“Meta, the parent company of Facebook and Instagram, has threatened to remove news posts from those social media platforms should Assembly Bill 886, dubbed the California Journalism Preservation Act, become law. The measure, authored by Assemblywoman Buffy Wicks, D-Oakland, would… Continue Reading…