MIcrosoft Co-Founder Paul G. Allen Has Passed Away from Cancer at 65

MIcrosoft Co-Founder Paul G. Allen Has Passed Away from Cancer at 65

Seattle, CA…October 15, 2018 – The following statements were released today by Vulcan Inc. on behalf of the Allen Family, Vulcan Inc. and the Paul G. Allen network. It is with deep sadness that we announce the death of our founder Paul G. Allen, co-founder of Microsoft and noted technologist, philanthropist, community builder, conservationist, musician […]

Gross Domestic Product, 2nd quarter 2018 (third estimate); Corporate Profits, 2nd quarter 2018 (revised estimate)

Gross Domestic Product, 2nd quarter 2018 (third estimate); Corporate Profits, 2nd quarter 2018 (revised estimate)

Washington, DC…Real gross domestic product (GDP) increased at an annual rate of 4.2 percent in the second quarter of 2018 (table 1), according to the “third” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent. The GDP estimate released today is based on more complete source data […]

New Regional Director Brings Research, Consulting Experience to California Trout’s Sierra Headwaters Office

New Regional Director Brings Research, Consulting Experience to  California Trout’s Sierra Headwaters Office

Mammoth Lakes, CA…Non-profit fish research and advocacy group California Trout has hired a new director for its Sierra Headwaters Region. Dr. Eric Huber, a recent graduate of UC Berkeley’s doctoral program in Environmental Science, Policy, and Management, will lead CalTrout’s projects throughout the Sierra Nevada region. Huber’s work will mainly focus on CalTrout’s Sierra Meadows […]

PacWest Bancorp and El Dorado Savings Bank Agree to Merge

PacWest Bancorp and El Dorado Savings Bank Agree to Merge

Placerville, CA…PacWest Bancorp (Nasdaq: PACW) (“PacWest”) and El Dorado Savings Bank, F.S.B. (“El Dorado”) announced the signing of a definitive agreement and plan of merger (the “Agreement”) whereby PacWest will acquire El Dorado in a transaction valued at approximately $466.7 million. El Dorado, headquartered in Placerville, CA, is a federally chartered savings bank founded in […]

Household Income Rises to Highest Level Ever & Poverty Drops in Latest Data From the Census Bureau

Household Income Rises to Highest Level Ever & Poverty Drops in Latest Data From the Census Bureau

Washington, DC…The U.S. Census Bureau announced today that real median household income increased by 1.8 percent between 2016 and 2017, while the official poverty rate decreased 0.4 percentage points. At the same time, the number of people without health insurance coverage and the uninsured rate were not statistically different from 2016. Median household income in […]

Gross Domestic Product: Second Quarter Revised Up to 4.2% as Economy Rolls On

Gross Domestic Product: Second Quarter Revised Up to 4.2% as Economy Rolls On

Washington, DC…Real gross domestic product (GDP) increased at an annual rate of 4.2 percent in the second quarter of 2018 (table 1), according to the “second” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent.  The GDP estimate released today is based on more complete source data than […]

Squaw Valley | Alpine Meadows President & COO Retires

Squaw Valley | Alpine Meadows President & COO Retires

Olympic Valley, CA…Andy Wirth Retires as President & COO of Squaw Valley | Alpine Meadows. Ron Cohen, Deputy General Counsel at Alterra Mountain Company, to serve in the interim while search begins for new President & COO. Following eight years at Squaw Valley Alpine Meadows, Andy Wirth has announced plans to retire and step down […]

Court Decision Halts Martis Valley West Project

Court Decision Halts Martis Valley West Project

Truckee, CA…Sierra Watch, Mountain Area Preservation, and the League to Save Lake Tahoe celebrate a court decision handed down Monday that halts the controversial Martis Valley West Project, a massive North Tahoe development proposal. Placer County Superior Court issued an order to vacate and set aside Placer County’s 2016 approvals of the project, focusing on […]

Sierra Watch Makes Case Against Squaw Valley Development Approvals

Sierra Watch Makes Case Against Squaw Valley Development Approvals

Auburn, CA…Conservationists made their legal case against a massive development in Squaw Valley yesterday, submitting their opening brief in a court challenge to Placer County approvals that would transform North Tahoe with a project of a size, scale, and scope the region has never seen. Sierra Watch’s legal brief shows that Placer County violated state […]

Potential Revocations of Vacation Home Rental Permits in South Lake

Potential Revocations of Vacation Home Rental Permits in South Lake

South Lake Tahoe, CA…..The South Lake Police Department sent certified mail notices to permitted Vacation Home Rental (VHR) property owners which have had either 1 or 2 upheld VHR violations in the last 24 months.  The notice explains that the City Council passed a law requiring the revocation of VHR permits when a VHR has […]

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