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NEWS
September 6, 2012
As Gov. Jerry Brown mulls whether to sign into law another round of subsidies for local production companies, the question that confronts him is how much each job on a movie set is worth to taxpayers. In Massachusetts, lawmakers recently discovered a similar program was much more expensive than they thought. After years of subsidizing film productions without looking too closely at how that was helping the economy, state officials put it under a lens and found that taxpayers were spending as much as $300,000 to bankroll each position.
BUSINESS
By Veronica Rocha | January 14, 2009
Concerns about the future and economy have pushed some people to seek the advice of psychics and fortunetellers. While the No. 1 question people ask is still about love, psychics who work at the Psychic Eye Book Shop in Burbank have noticed that more people have begun asking whether they will lose their jobs or keep their houses, shop co-owner Mary Kara said. ?The economy has affected so many people,? she said. ?The world has changed. They want some direction and feel psychics could help guide them.
NEWS
August 23, 2008
A round-table gathering of seven business and economic leaders from Los Angeles County and the region gathered Wednesday in Pasadena to address concerns about the economy, energy prices and the recent closure of 33 IndyMac banks throughout California. The forum was organized by Rep. Adam Schiff, who said its impetus was grounded in a recent telephone town hall meeting that he held in which “80[%] to 90% of the questions that were raised had to do with the economy.” “There’s a level of insecurity in this country that we haven’t seen in years, maybe in decades,” said Schiff, adding that the primary factors were the slumping housing market and soaring energy costs based on “the world’s increasing demand, instability and the finite supply.
NEWS
By Dan Evans | October 21, 2009
Yes, we know. We?re in a recession. The latest unemployment figures are grim, both statewide and locally ? 12.2% for the state as a whole, 10.4% in Burbank and 11.1% in Glendale. The September numbers, released this week from the California Economic Development Department, are worse than the month prior, with the labor force shrinking by 800 in Glendale and 400 in Burbank. The impacts are increasingly obvious. Stop by the Verdugo Jobs Center sometime. On any given weekday, hard-working people caught in this maelstrom sit at computers, revising resumes that will likely be ignored, making connections for jobs that don?
NEWS
May 22, 2010
The suffering Burbank economy got a rare triple play this week: a new comedy club, 24 Hour Fitness and news that Conan O’Brien would film his new show here. Though the economy is fluid, the city still has the goods to capture some of the runoff. O’Brien’s new venture is projected to create dozens of new jobs and trickle down benefits to peripheral businesses — restaurants, production services and other shops. A new Flappers Comedy Club in downtown should generate more foot traffic for nearby storefronts.
NEWS
September 25, 2002
Jackson Bell August brought lower unemployment rates than July throughout Los Angeles County, but area authorities said the decline in numbers aren't as straightforward as they seem. "It is dropping because the number of job seekers is decreasing," said Bill Freed, the labor market specialist for California's Employment Development Department. "It's very possible people have become discouraged and have stopped looking for work." Don Nakamoto, a labor market specialist for Glendale, said one of the main factors is the seasonal differences.
NEWS
August 21, 2002
Karen S. Kim While some legislative candidates on November's ballot have done little to campaign for an election just three months away, North Hollywood teacher Ingrid Geyer has been pounding the pavement. The 58-year-old Los Angeles Unified School District teacher, who is challenging Assemblyman Dario Frommer (D-Burbank) of the 43rd District, has been keeping busy in the past several weeks, canvassing neighborhoods and meeting voters. "I tell people, 'I'm just like you and everybody I encounter every day,'" Geyer said.
NEWS
February 9, 2008
Hooray for Hollywood! Just think, new episodes of “Desperate Housewives,” “Grey’s Anatomy,” “The Office,” “30 Rock” and “CSI” are on the horizon if the two-month-old writers strike ends this weekend as sources suggest. And with it, most importantly, an entire regional economy including those whose livelihoods depend on writing or the shows that are written, will begin coming out of economic doldrums at a time when doldrums make up much of the business and economic news.
FEATURES
March 17, 2010
Should Rep. Adam Schiff be defended? For that matter, should President Obama be held liable for the national deficit, the stimulus plan, the bloated budget and the health-care-cost trends? In his March 10 letter, “Representative trying to kill the economy,” Brian Stauffer expressed his fear of more deficits and demanded fiscal prudence for the sake of the future of our nation. I fully agree with his sentiments. Washington seems to have forsaken our financial future.
ARTICLES BY DATE
NEWS
April 26, 2013
Sociologist Max Weber first advanced the idea of a Protestant work ethic in 1914. A recent study suggests that not only does this ethic exist, it can make the effects of unemployment worse for Protestants than for non-Protestants. The Dutch survey, which used data from 150,000 people in 82 countries traditionally identified as Protestant - including the U.S., U.K., South Africa, Germany and others - found that while unemployment has a negative effect on everyone, it affects Protestants more, up to 40% more in some cases.
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NEWS
March 5, 2013
Halfway through its fiscal year, Bob Hope Airport's operating revenues are running more than $150,000 in the red due to declining numbers of passengers and weak parking revenues, according to a recent financial report. Parking fees, which make up about 40% of the airport's revenues, were budgeted to bring in $9.5 million but only produced $8.9 million, according to the report released to the Burbank-Glendale-Pasadena Airport Authority on Monday. Passenger levels for the first half of the fiscal year - July to December 2012 - declined almost 6.8% compared to the same period in the last fiscal year.
NEWS
October 31, 2012
Recently, the importance of local commerce became a focal point in the presidential campaign. Both sides highlighted the success of small businesses as a key to the recovery of our economy and then used that as a platform to promote their economic agendas. Regardless of the politics, small businesses are vital to the local economy and despite what the president may do to help, the real formula for success is that someone with vision and guts opens their doors and then we, the consumers, do our part by purchasing the services or goods offered.
NEWS
September 6, 2012
As Gov. Jerry Brown mulls whether to sign into law another round of subsidies for local production companies, the question that confronts him is how much each job on a movie set is worth to taxpayers. In Massachusetts, lawmakers recently discovered a similar program was much more expensive than they thought. After years of subsidizing film productions without looking too closely at how that was helping the economy, state officials put it under a lens and found that taxpayers were spending as much as $300,000 to bankroll each position.
NEWS
By Mark Kellam, mark.kellam@latimes.com | September 2, 2012
Local businesses could lose millions of dollars - with Nestle USA alone standing to lose more than $144 million - according to a report released recently by a national nonprofit that outlined the potential local economic impact if $500 billion in defense budget cuts are triggered because Congress can't reach a debt-reduction deal. More than 65 local companies could be impacted by the 10-year cuts, which are slated to kick in on Jan. 2, 2013, according to the report from the Center for Security Policy.
NEWS
By Mark Kellam, mark.kellam@latimes.com | July 8, 2011
Airline passenger traffic at Bob Hope Airport dropped by 6% in May compared to the same period last year, according to the latest figures - marking the third consecutive monthly drop that has pushed revenue below projections. The airport reported drops of 5% in March and 5.2% in April. Ontario Airport reported a similar passenger decrease for May at 5.8%. There were 360,339 passengers flying into and out of the Bob Hope Airport in May, down from 383,481 passengers the same period last year, according to a report to the Burbank-Glendale-Pasadena Airport Authority.
NEWS
By Maria Hsin | May 31, 2011
A bus service geared toward local youth may be destined to end this summer after a transportation task force determined last week that it no longer is financially viable. The Got Wheels! bus service was intended to transport young people around the city, but money for the program has dwindled to the point that officials say it no longer makes financial sense. Jim Moore of Moore and Associates, a transit consultant for the city, said last week that other cities with programs similar to Got Wheels!
NEWS
By Veronica Rocha, veronica.rocha@latimes.com | January 12, 2011
Burbank's pedestrian safety record improved in 2009 among similarly sized cities in California, according to a recent state report. The California Office of Traffic Safety last week ranked Burbank as 31 out of 56 in overall pedestrian safety among cities with a population of 100,001 to 250,000 — with the 56th position being the safest — for 2009, the most recent figures. In 2008, the city's record was worse, coming in at 11 among 55 cities. Burbank moved up one spot from third- to the fourth-worst record of collisions involving senior pedestrians in 2009.
NEWS
By Melanie Hicken | December 24, 2010
GLENDALE — Nonprofit officials across the region have been able to meet an ever growing need for food and toys this holiday season, but they say they’re worried about keeping up with the demand into next year. Donations for the Salvation Army Glendale’s iconic red kettle campaign are down 50% compared to two years ago, officials reported Wednesday. As of Wednesday morning, the annual fundraising drive had netted roughly $35,000 — less than half the $75,000 raised during the 2008 holiday season, said Rick White, director of social services for the nonprofit.
SPORTS
By Jeff Tully, jeff.tully@latimes.com | August 13, 2010
With the economy still sagging, many youth sports organizations are feeling the pinch. The result is depleted numbers and a cutback in services for many organizations. However, despite the downturn, the Burbank Vikings Youth Tackle Football program is going strong. In fact, this season the Vikings will have more than 300 players and cheerleaders taking part in the program and will field 10 football teams — tied for the most ever. Last season, about 250 girls and boys participated in the Vikings.
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