Advertisement
YOU ARE HERE: Daily Pilot HomeCollectionsEconomy
IN THE NEWS

Economy

FEATURED ARTICLES
NEWS
By Daniel Tedford | September 2, 2008
Across the board, auto dealers have been taking a hit in today’s economy. Gas prices have affected the market. New car sales are slumping. Major manufacturers, such as Ford and GM, have seen double-digit declines. It isn’t the best time to be an auto dealer in the U.S., some might say. But Garth Blumenthal sees it differently. For Blumenthal, the general manager at Fletcher Jones Motorcars in Newport Beach, tough economic times pose risk, but also allow for the greatest opportunity.
FEATURES
June 4, 2009
Has your faith community been responding adequately to how the sluggish economy has affected you? It’s a question many Southern California religious leaders want to hear the answer to, and they’re giving you an opportunity to voice your concerns. The Newport-Mesa-Irvine Interfaith Council will host a luncheon Wednesday where speakers will focus on the economy and faith communities. The public is welcome to share their experiences and ideas for improvement. The meetings begin at 11:45 a.m. at the Orange Coast Unitarian Universalist Church, 1259 Victoria St., Costa Mesa.
NEWS
August 26, 2002
Everyone, it seems, has an opinion on what the Westside should be. And many, if not most of them, think that it should be changed. Fewer apartments. More upscale houses. Only high-tech companies. No manufacturing. An artist colony. More pedestrian-friendly. Some have even suggested that the Westside would be better with fewer Latinos (who, oddly enough, tend to be more pedestrian-oriented). "Condemn that property!" "Increase my home's value!" Everyone wants to bury the utility lines.
BUSINESS
By Tom Ragan | April 13, 2010
CORRECTION: This story incorrectly states that a pair of new terminals for private jets would be added to terminals as part of the upgrade of John Wayne Airport. In fact, a commuter terminal will be added to the existing Terminal A, and another commuter terminal will be built along with the future Terminal C, said Jenny Wedge, the airport?s spokeswoman. The expansion of John Wayne Airport will bring in roughly $1.9 billion over the next three years, creating as many as 6,500 jobs and a wave of construction workers and engineers who will likely spend their money here, said Wallace Walrod, vice president of economic development and research for the Orange County Business Council.
FEATURES
By Steven Short | April 10, 2010
The Obama administration, emboldened by the passage of comprehensive health-care reform, has turned its full attention to overhauling the financial services industry. It was two years ago that the failure of Wall Street giant Bear Stearns set in motion a chain of events, which roiled the global economy. As with health care, financial reform is a Gordian knot beset with many challenges. While a recent Pew poll suggests that a majority of Americans would like to see tighter regulation of financial institutions, the devil, as always, is in the details.
NEWS
January 17, 2008
President Bush and congressional Democrats appear to be crafting dueling measures to stimulate a weakening economy. Both sides favor some sort of tax cuts, but they differ on who should get them. What do you think Congress and the president should do to help the sluggish economy recover?   In my opinion, we should avoid having government “do something” just to show we are “doing something” if that “something” does not help.
FEATURES
By David Carrillo Peñaloza | February 24, 2009
Ira Garbutt has heard the joke so many times from golfers at the Toshiba Classic. The tournament chairman laughs every time he hears it. “They say, ‘I have to finish in the top 10 in order to break even,’ ” Garbutt said. “When the guys are playing in the pro-am, the wives are having their own pro-am.” The wives search for highs in department stores. The players shoot for lows on the golf course. The lows tournament organizers want to see are those turned in on scorecards, not at the gate or the traffic at businesses around town.
FEATURES
By JIM RIGHEIMER | April 4, 2008
You can always count on the political class in this country to solve any problem they perceive with a check. Now, of course, that is easier for them to do because it is not their money. In the case of the federal government, it’s not even our money. In fact, with the size of the growing national debt, it’s our children’s money. As I wrote in last week’s column, we are still paying back state bonds authorized in 1970. The latest political boondoggles on Capitol Hill are the “Economic Stimulus Act of 2008” passed in January and Senate Bill 2636 “The Foreclosure Prevention Act of 2008” passed out of committee by the Senate Thursday.
NEWS
July 26, 2001
Mathis Winkler NEWPORT BEACH -- When Dave Niederhaus notices a drop in the amount of trash residents produce, he doesn't credit successful recycling programs. For the city's general services director, a decline of about 2% -- or 790 tons -- points to an economic downturn instead. "When an affluent community starts to have less waste, it generally indicates that things are starting to go downhill," said Niederhaus, who recently released the city's trash figures for the 2000-01 fiscal year as part of a year-end report on his department's activities.
ARTICLES BY DATE
NEWS
By Jill Cowan | April 25, 2014
A recent report on the state of Orange County's communities paints a picture of a growing economy powered by job increases in major industries, but with the region's families struggling to keep up. The county's annual Community Indicators Report - a joint project of CalOptima, the Children and Families Commission of Orange County and United Way - tracks a variety of factors that contribute to residents' quality of life, from economic trends to...
Advertisement
NEWS
By Emily Foxhall | February 19, 2014
A fifth candidate - the only Democrat - has entered the race for Assembly District 74. Anila Ali, a native of Pakistan who moved to Irvine in 1996, said she hopes to draw on her background as an immigrant and her roles as a mother and teacher to serve the state. Ali said she moved to the United States because of its promise of equal opportunity and access to education. Now the mother of two, she aims to help improve the educational system, grow the state's economy and ensure a high quality of life for future generations.
NEWS
By Bradley Zint | November 26, 2013
The 36th annual Chapman University Economic Forecast offered a projection similar to last year's: slow and steady economic growth or, as researchers put it, an economy "stuck in low gear" come 2014. Monday's presentation at Segerstrom Hall in Costa Mesa pointed to modest gains in job creation, consumer spending and other indicators contributing to a 2.2% annual increase in gross domestic product. In Orange County, construction seems to be king. Esmael Adibi, director of Chapman's A. Gary Anderson Center for Economic Research, noted that it is the fastest growing sector of the local economy.
NEWS
November 21, 2013
A study whose results were announced this week found that John Wayne Airport's service to Mexico injected about $131 million into the local economy, including revenue from the added airport operations and visitor spending. "This study shows the significant value air service from Mexico brings to the region's economy," Airport Director Alan Murphy said in a statement. "With our partners AirTran and Interjet, we look forward to continuing to provide a convenient gateway for business and leisure travelers to reach the heart of Southern California.
NEWS
By Jeremiah Dobruck | September 28, 2013
After an international boat trip of his own, Ray Wilson was back selling at the Lido Boat Show on Saturday. The representative for Heritage Yacht Sales was pushing a pair of Catalina sailboats, ones he said could cruise around the world much like he did. When he returned from his years-long trip in 2011, the yacht-brokering scene had taken a turn for the worse thanks to the recession. "It was like somebody blew the world up while I was gone," he said. "In '05 when I left, people were throwing money at you. " It's only in the last eight months that Wilson's seen a slow return to that form.
NEWS
By Bradley Zint | September 11, 2013
Costa Mesa officials hosted a groundbreaking ceremony Monday morning for what's being called the largest single street-improvement project in city history. Two lanes of Paularino Avenue between Red Hill and Airway avenues - within earshot of the jet engines at John Wayne Airport - were closed off for the small ceremony, which included a few short remarks, golden shovels and white hard hats. It recognized the beginning of the Airport Area Improvement Project, whose development area is bounded by the 55 Freeway to the west, Airway Avenue to the east, the Masters Circle to the south, and Airport Loop Drive to the north.
NEWS
By Hannah Fry | September 6, 2013
The Coast Community College District Board of Trustees unanimously has approved a $238-million budget - about $10 million more than last year. Now that the district is recovering from budget cuts that plagued previous years, officials are feeling increased pressure to hire more full-time faculty members. Vice Chancellor Andy Dunn presented to the board during its Wednesday meeting what he called a structurally balanced budget for fiscal 2013-14. This is the first year since 2007 that the board hasn't been forced into crippling budget cuts, according to budget documents.
NEWS
By Jeremiah Dobruck | July 15, 2013
In 2005, Newport-Mesa's four high schools were promised new performing arts centers. Since then, Newport Harbor High School's revamped facility opened in 2009. Corona del Mar and Costa Mesa high school's theaters are starting to take shape. But construction on Estancia High School's promised facility won't even start for five to seven years, according to Newport-Mesa Unified School District's chief budget official, Deputy Supt. Paul Reed. "I don't want to seem ungrateful, but at the same time, I don't understand what happened," Estancia drama teacher Pauline Maranian said about the stalled project.
NEWS
By Annie Kim | April 17, 2013
Huntington Beach resident Shane Allen owns his own swimming pool maintenance business, but he's also enrolled in the welding program at Orange Coast College. "I'm looking for a better opportunity to support my family," said Shane Allen, 40, a father of three. Allen was among more than 2,000 applicants who attended Wednesday's Orange Coast College job fair. Organizers said applicants looking for internships, apprenticeships and blue-collar, managerial and part-time work may have a better shot at finding those opportunities in an improving economy than they did in 2012.
NEWS
By Bradley Zint | February 12, 2013
Since the lows spurred by the Great Recession, Costa Mesa's budget outlook is on the rise, city officials said Tuesday, though it's not a case of skyrocketing good fortunes. In a study session with four members of the City Council - Councilman Gary Monahan was absent - Finance Director Bobby Young said Costa Mesa has not again achieved its high from fiscal year 2006-2007, though in the years since the 2009-2010 fiscal-year low, the fund balance has been steadily increasing. "We're not back yet, but we have stabilized," Young said.
Daily Pilot Articles Daily Pilot Articles
|