Tag Archives: los angeles

How LA has become the model for keeping art alive during the pandemic | The Startup Magazine

In the wake of the Covid-19 pandemic, we’ve had to adjust to a huge range of changes to our day-to-day lives, which has had an impact far beyond necessities like buying groceries or socialising. The culture industry has taken a particularly significant hit, with major theater chains and concert venues shuttering permanently in the virus’s wake as they struggle to afford both rent and wages for staff.

The same has been true for the art world, with one recent survey showing that around three quarters of galleries “face severe financial hardship or even closure within the next year”, though only 35% of those have the finances to stay open until this time next year. Even when they have been open, footfall has been down, and those with the means have resorted to taking their collections online to offer the gallery experience to art lovers across the globe.

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These people have left big cities for good. Here’s where they landed | CNN

Ian Group loves New York City. He was born and raised there. So he was as surprised as anyone when he and his wife bought a home in Boca Raton, Florida, and decided not to go back to the city.

It was not a decision they took lightly.

“I love going downstairs to my favorite smoothie place, taking my son to Central Park,” said Group. “But the biggest driver for me is being where we can have it all. A good quality of life, space, affordability. Once Covid hit, we knew we didn’t want to be in the city anymore.”

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St. Louis sues NFL for moving Rams to L.A. | Money Cnn

The place the Rams called home for two decades is now suing the football team.

The city of St. Louis, Missouri — where the Rams were based for two decades before jilting it for Los Angeles last year — filed a lawsuit Wednesday claiming the team and the NFL failed to use proper protocol when the Rams were relocated.

“In the years leading up to the Rams relocation request, Rams officials decided to move the team and confidentially determined that they would be interested in exploiting any opportunity to do so,” the complaint reads.

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California’s $15 Minimum Wage Deal Will Cause Unemployment–And We Have Proof Of This | Forbes

California has reached a deal which will raise the state minimum wage to $15 an hour over the next few years. It’s likely to be formally announced by Jerry Brown later today. Such a deal raises such hopes, doesn’t it? All those poorly paid workers in Los Angeles and San Francisco will be able to pay their way in life. And yet there’s always that nagging doubt that such price fixing might turn around and bite us. And we actually do have proof of this: a report about what a $15 minimum wage will do to employment in Los Angeles City. This is not, by the way, a report by some from market fundamentalist like myself. This is from Michael Reich et al at Berkeley, stout supporters of a rise to $15. And yet even their report states that the net effect will be fewer jobs. And that’s after they play rather fast and loose with one of the major effects they are thinking of.

There’s also the problem that not all of California is all that rich so the towns of the Central Valley are going to have a much harder time. This simply isn’t going to work out well.

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e-Edge Newsletter | Los Angeles County Economic Development Corporation

v.18 n. 33 – Released August 18, 2014

This Week’s Headlines:

  • July State and Local Employment Report
  • SoCal Home Sales and Median Prices in July
  • U.S. Retail Sales Flat in July

Events of Interest

  • August 20, 2014: Los Angeles Tourism Market Outlook
  • October 8, 2014: LAEDC Economic Forecast
  • October 9-10, 2014: Southern California Energy Summit
  • October 30, 2014: 26th Annual Southern California Visitor Industry Outlook Conference

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Weekly Economic Update | LAEDC

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THIS WEEK’S HEADLINES: