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Economic update for the week ending August 28, 2021
Stock markets closed the week at new record highs – Stock market indexes have hit record highs over 50 times in 2021. Despite a rise in coronavirus cases, turmoil overseas, a slip in retail sales, and talk of some tightening by the Federal Re...
Economic update for the week ending August 20, 2021
Stock markets ended the week slightly lower – Stocks dropped following the third straight month of retail sales declines and the lowest consumer sentiment reading in several years, leading investors to feel the economy was showing signs of sl...
Economic update for the week ending August 7, 2021
U.S. employers added 943,000 jobs in July – The Department of Labor and Statics reported that 943,000 new jobs were added in July. That exceeded the 845,000 new jobs experts predicted. Average hourly wages rose 4% year over year. The unemploy...
$170 Million Movie Studio Coming to Sun Valley
A joint venture between builder Hudson Pacific Properties Inc. and investment firm Blackstone will create the 240,000-square-foot Sunset Glenoaks Studios movie and television production facility in Sun Valley by the third quarter of 2023, accor...
Mayor Eric Garcetti Signs Ordinance Criminalizing Homelessness
The mayor of Los Angeles signed an ordinance Thursday making it unlawful for people to “sit, lie, sleep” or otherwise situate their belongings in the “public right of way” – a law that will almost exclusively disenfranchise the unhous...
‘Best Hospital’ Ranking Names 6 in San Fernando Valley Region
Six San Fernando Valley region hospitals were named in U.S. News & World Report’s “Best Hospitals” for 2021-2022. Hospitals from the Valley ranked in the following order: Adventist Health Glendale: No. 12 in Los Angeles, No. 21 in C...
4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures
With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. There ar...
Economic Update for the week ending July 24, 2021
Stock markets closed the week at or near record highs – The week began with the largest one day point drop since October marking five straight days of declines. This was due to fears of rising COVID cases. It has become evident that COVID is ...