Ebbetts Pass Summit, CA….From Caltrans D!…”We put an overnight shift on to make sure the route stayed open and safe throughout the night and applied sand to some of the corners as there was rain lower down that was expected to freeze.” We also received a call from Caltrans’s Mike Johnson saying they are looking […]
Washington, DC…The U.S. Census Bureau announced today the median household income was not statistically different from the 2017 median, and the official poverty rate decreased 0.5 percentage points from 2017. At the same time, the rate and number of people without health insurance increased from 7.9%, or 25.6 million, in 2017 to 8.5%, or 27.5 […]
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 […]
Olympic Valley, CA…Digital wealth platform provider RobustWealth and Roofstock (the first online marketplace created exclusively for investing in leased Single-Family Rental homes that generate cash flow day one) announced their planned product integration during the firms’ joint conference for investment advisors held at Squaw Valley ski resort. RobustWealth’s technology was developed for investment advisors to […]
Washington, DC…Information received since the Federal Open Market Committee met in February indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Job gains remained solid and the unemployment rate was little changed in recent months. Household spending has continued to rise moderately while […]
Los Angeles, CA…Rising wages and slightly lower interest rates did little to improve California’s housing affordability, which remained flat compared to the previous quarter, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in third-quarter 2016 remained at 31 […]
South Lake Tahoe, CA…Measure P will be a key initiative on the City of South Lake Tahoe’s Nov. 8 ballot as a tourist-only tax to help rebuild the area’s aging Recreation Center. Without raising taxes on local residents and businesses, Measure P will bring an estimated extra $2 million a year to support the community. […]
New York, NY….The Dow Jones Industrial Average is down over 500 points in intraday trading as the worldwide oil glut, dropping oil prices and uncertainty in China’s stock market continue to weigh on markets. The only silver lining is that dropping gas prices continue to help energy costs for businesses and consumers.
Sacramento, Ca – Individuals and businesses with ideas or concerns about the administration and oversight of California’s business and property taxes are invited to attend the Board of Equalization’s (BOE) annual Taxpayers’ Bill of Rights hearings in Culver City on June 24, 2014. “We invite California taxpayers to share with us their ideas for how […]
Roseville, Ca — For the fourth straight year, Rabobank N.A. has ranked highest in customer satisfaction among retail banks in California, according to J.D. Power. The global marketing information services company’s 2014 U.S. Retail Banking Satisfaction Study℠ (http://www.jdpower.com/press-releases/2014-us-retail-banking-satisfaction-study) reported that, over the prior year, Rabobank rose further apart from other banks examined in the state. […]
