Weekly Economic Update | LAEDC

July 19, 2011 ~ CBPS ~ Leave a comment

THIS WEEK’S HEADLINES:

U.S. Trade Deficit Widens in May Due to Rise in Oil Prices
A Mixed Retail Sales Report for June
Taking a Harder Look at Weekly Data on Initial claims for Unemployment Benefits
California’s Budget Position at June Fiscal Year End
Southland Home Sales Fall by -14% in June
California Exports Continue to Shine
May California Imports
June Port Figures – Record Growth Trend Comes to an End
Headline Inflation Declines in June
Wholesale Prices Decline in June
Events of Interest

July 20, 2011: Mid-Year Economic Forecast
July 28, 2011: LA NABE Luncheon Meeting

Weekly Economic Update | LAEDC

July 18, 2011 ~ CBPS ~ Leave a comment

THIS WEEK’S HEADLINES:

June Employment Situation – The Soft Patch Reaches Two Months
Consumer Credit in May
June Auto Sales Hit a Speed Bump
On-Location Film Production Slows in Second Quarter
Global Economic Monitor
Events of Interest

July 20, 2011: Mid-year Economic Forecast

Weekly Economic Update | LAEDC

July 5, 2011July 5, 2011 ~ CBPS ~ Leave a comment

THIS WEEK’S HEADLINES:

Revised Estimates for Q1-2011 U.S. Corporate Profits
California’s Home Resales Decline by 14.4% in May
New Home Construction in May
May Permit Values for Nonresidential Construction
Spending on Travel & Tourism Slows in 1st Quarter
World Trade
Update on Japan
Events of Interest

July 20, 2011: Mid-year Economic Forecast

Seven Problems a Recovery Won’t Fix – Umair Haque – Harvard Business Review

June 24, 2011 ~ CBPS ~ Leave a comment

It’s time to stop looking for “recovery” (as in ways to resurrect this drooling zombie of an industrial economy) and start seeding transformation (as in building a 21st century economy, that turns most or all of the toxic dynamics above upside down). It’s time to stop thinking about getting back to yesterday’s prosperity — and time to start thinking about how to get past it.

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Congress takes aim at 401(k)s | Bankrate.com

June 22, 2011 ~ CBPS ~ Leave a comment

The Congressional Joint Committee on Taxation and the Treasury Department’s Office of Tax Analysis conclude that these retirement planning programs will cost the federal government about $600 billion in lost revenue over the next five years.

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Weekly Economic Update | LAEDC

June 22, 2011 ~ CBPS ~ Leave a comment

THIS WEEK’S HEADLINES:

May 2011: A Weak Month for California Payrolls
SoCal Home Sales and Prices: Sharp Decline in May
California’s Budget Position in May
May Port Figures – 18 Consecutive Months of Growth
Update on Japan
Core Consumer Prices Rise at Faster Pace in May
Advancing Wholesale Prices Slow in May
Events of Interest

July 20, 2011: Mid-year Economic Forecast

‘Anonymous’ Allegedly Demands Resignation Of Fed Chair Bernanke

June 13, 2011 ~ CBPS ~ Leave a comment

In the video, uploaded on Saturday, the anonymous group, self-described as loosely connected and Internet based, allegedly claims that the Federal Reserve is guilty of “crimes against humanity” and calls for the resignation of Ben Bernanke. In addition, the group would seem to demand the break up of the Federal Reserve and other major banking institutions

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Weekly Economic Update | LAEDC

June 13, 2011June 14, 2011 ~ CBPS ~ Leave a comment

THIS WEEK’S HEADLINES:

Profile of the Economic Recovery—To Date
The Fed’s Beige Book June 8, 2011: Economy “Generally Continued to Expand”
Consumer Credit in April
U.S. Trade Deficit Narrows in April as Exports Reach Record High
California Exports Continue to Impress
April California Imports
Events of Interest

July 20, 2011: Mid-year Economic Forecast

Weekly Economic Update | LADEC

May 25, 2011 ~ CBPS ~ Leave a comment

THIS WEEK’S HEADLINES:

April State/Local Area Employment Reports
U.S. Building Permits
U.S. Housing Starts
Mortgage Foreclosures
Events of Interest

May 26, 2011: The 4th U.S. Azerbaijan ICT Business Forum
June 7, 2011: Japan’s Positive Impact on the Southern California Economy
July 20, 2011: Mid-year Economic Forecast

The Obama Deception: Why Cornel West Went Ballistic – Chris Hedges | Truthdig

May 22, 2011May 22, 2011 ~ CBPS ~ Leave a comment

“He makes a bee line to me right after the talk, in front of everybody,” West says. “He just lets me have it. He says, ‘You ought to be ashamed of yourself, saying I’m not a progressive. Is that the best you can do? Who do you think you are?’ I smiled. I shook his hand. And a sister hollered in the back, ‘You can’t talk to professor West. That’s Dr. Cornel West. Who do you think you are?’

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