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NEWS
September 30, 2013
As a government shutdown looms to possibly begin at midnight (EST) Monday, Rep. Adam Schiff (D-Burbank) said it would adversely impact the economy and blamed Republicans in Congress who have "once again created a crisis that has put America's fiscal health in jeopardy - this time over their fervor" to defund or delay Obamacare. “A shutdown would be a self-inflicted wound on an economy still struggling to recover,” Schiff, who also represents Glendale, said in a statement. “ If Congress can't take measures to affirmatively create jobs and support the recovery, it should at least get out of the way. We must cease these political games over the nation's budget and the endless rounds of legislative brinksmanship.
NEWS
January 5, 2012
Even since the economy began stalling several years ago, there have been dire warnings that crime would rise. But in Southern California, crime continues its long decline despite the weak economy. Indeed, 2011 brought new worries about a "double dip recession," yet streets in many parts of the region were the safest they've been in decades. The trend continues to puzzle some criminologists but has reinforced the view of many in law enforcement that factors other than the economy determine the rise or fall of crime.
NEWS
February 19, 2013
Rep. Adam Schiff (D-Burbank) said this past weekend that sequestration - the mandatory across-the-board spending cuts put in place last year and set to go into effect March 1 - would have a disastrous effect on the middle class and the country's recovering economy. Speaking with MSNBC's Alex Witt, Schiff said the cuts would jeopardize all the progress that the economy has made during the past few years and drastically cut jobs and economic growth. “Frankly, it's going to be a disaster for the country,” Schiff said.
THE818NOW
By Katie Landan, katie.landan@latimes.com | September 27, 2011
The draining of Echo Park Lake has created quite the stench. Following several complaints over the weekend, the Los Angeles Department of Public Works deposited lime in parts of the lakebed to combat the stink, according to Echo Park Patch . According to a Field Poll released Tuesday , 91% of California voters say the Golden State's economy is experiencing "bad times. " It's the third year in a row that more than 90% of voters have depicted the state's economy in a negative light, the Los Angeles Time s reported.
FEATURES
By DAVID DREIER | February 13, 2006
Federal budget season is underway in Washington. As the spending and policy discussions begin, I am going to make sure that the lessons of the past quarter century are not forgotten. Namely, when American workers and entrepreneurs are left to their own devices, the economy is off to the races. The results of lower taxes and less regulation are indisputable. The Wall Street Journal reported that over the preceding 276 months, the U.S. economy was in recession for only 15 months.
NEWS
November 3, 2000
Buck Wargo GLENDALE -- A strong U.S. economy doesn't mean every Glendale resident is benefiting with a good job and stable finances, according to some Glendale religious leaders. Request for assistance from the Salvation Army is up 14.25% from last fall, said Major Floyd Bacon of the Salvation Army. The organization operates a food bank, provides limited financial assistance for utilities, vouchers for clothing and daily meals to the homeless, and operates a transitional housing program.
NEWS
March 4, 2003
Economists know that it is the circulation of money, not its accumulation, that creates a strong economy. That is why war appears to stimulate the economy, but so did the WPA and other Depression-era programs, without war. The Keynesian economics approach commonly known as "tax and spend" might have been overused, but its principles are still true. When A spends a dollar with B, B spends part of that dollar with C, who spends part of that, and so forth, until that single dollar becomes [by this "multiplier effect"]
BUSINESS
By Jeremy Oberstein | October 27, 2008
The Glendale Pawn Shop, a Brand Boulevard store specializing in relatively inexpensive jewelry and easily acquired loans, has experienced a recent surge in business as the economy sinks south on continued fiscal concerns. Like other businesses, its profit margin is tied to the economy. But unlike most stores ? where spending usually increases in healthy fiscal periods ? business at the pawn shop is only as good as the economy is bad. ?It?s a very cyclical thing,? manager Meredith Rosenberg said.
NEWS
August 22, 2008
A round-table gathering of seven business and economic leaders from Los Angeles County and the region gathered Wednesday in Pasadena to address concerns about the economy, energy prices and the recent closure of 33 IndyMac banks throughout California. The forum was organized by Rep. Adam Schiff, who said its impetus was grounded in a recent telephone town hall meeting that he held in which “80[%] to 90% of the questions that were raised had to do with the economy.” “There’s a level of insecurity in this country that we haven’t seen in years, maybe in decades,” said Schiff, adding that the primary factors were the slumping housing market and soaring energy costs based on “the world’s increasing demand, instability and the finite supply.
ARTICLES BY DATE
NEWS
March 4, 2014
With the addition of 3,800 new apartment units - many of which will be designated for low-income residents, what kind of retail should we expect to cater to this new clientele? Might we expect a Goodwill Superstore? Or does the Glendale City Council expect these folks will be shopping at Bloomingdale's and dining at the new Bourbon House in the Americana? It doesn't appear that the Eleve apartments on Broadway has done much for the shopping mall in the Maryland Plaza and I've never seen more than a handful of people in the bar at the new MGN Theater since it opened.
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NEWS
By Alene Tchekmedyian, alene.tchekmedyian@latimes.com | November 29, 2013
Roughly 500 pounds of turkey were cooked and carved Thursday for the annual Glendale Salvation Army Thanksgiving dinner. Nearly 300 people showed up for the free meal, which included 24 turkeys, mashed potatoes, green beans and cranberry sauce. PHOTOS: Glendale Salvation Army serves Thanksgiving meal “These are people that have nowhere else to go, whether they are homeless or lonely,” said Rick White, the agency's director of social services and volunteer coordinator.
NEWS
September 30, 2013
As a government shutdown looms to possibly begin at midnight (EST) Monday, Rep. Adam Schiff (D-Burbank) said it would adversely impact the economy and blamed Republicans in Congress who have "once again created a crisis that has put America's fiscal health in jeopardy - this time over their fervor" to defund or delay Obamacare. “A shutdown would be a self-inflicted wound on an economy still struggling to recover,” Schiff, who also represents Glendale, said in a statement. “ If Congress can't take measures to affirmatively create jobs and support the recovery, it should at least get out of the way. We must cease these political games over the nation's budget and the endless rounds of legislative brinksmanship.
NEWS
February 19, 2013
Rep. Adam Schiff (D-Burbank) said this past weekend that sequestration - the mandatory across-the-board spending cuts put in place last year and set to go into effect March 1 - would have a disastrous effect on the middle class and the country's recovering economy. Speaking with MSNBC's Alex Witt, Schiff said the cuts would jeopardize all the progress that the economy has made during the past few years and drastically cut jobs and economic growth. “Frankly, it's going to be a disaster for the country,” Schiff said.
NEWS
January 5, 2012
Even since the economy began stalling several years ago, there have been dire warnings that crime would rise. But in Southern California, crime continues its long decline despite the weak economy. Indeed, 2011 brought new worries about a "double dip recession," yet streets in many parts of the region were the safest they've been in decades. The trend continues to puzzle some criminologists but has reinforced the view of many in law enforcement that factors other than the economy determine the rise or fall of crime.
NEWS
December 30, 2011
The fast-approaching year is already looking to be a bumpy one. Without a redevelopment agency, local officials will have to re-evaluate plans for future projects and rethink how to keep pace with the demand for affordable housing. Redrawn political districts could force local representatives and long-time allies into some uncomfortable contests, such as the potential matchup between Assemblyman Anthony Portantino and state Sen. Carol Liu. The true impact of a state prison realignment program that is expected to send hundreds of nonviolent offenders back into our communities likely will be felt in 2012.
NEWS
By Brittany Levine, brittany.levine@latimes.com | November 10, 2011
Danny Baca has applied to dozens of jobs and always hears the same line: “We'll get back to you.” But they don't. The Glendale resident is one of several local veterans who are struggling to find employment. The jobless rate in October for those who served during the wars in Afghanistan and Iraq is 12.1% , compared to the civilian rate of 9%. This disparity, which has lasted for several months, has stirred the political pot in the days leading up to Veterans Day. On Thursday, the Senate passed part of President Obama's jobs plan that gives a tax credit to companies that hire veterans . The bill is now pending before the House.
NEWS
October 20, 2011
Speaking before a Pasadena crowd of about 150 Wednesday night, Republican presidential candidate Rep.  Michele Bachmann  (R-Minn.) hammered the military and economic policies of President Barack Obama. Bachmann's appearance at the Castle Green Hotel in Old Pasadena came one night after the most recent debate among GOP hopefuls for the White House . The congresswoman, whose campaign has faltered after an early rise to the top of the polls, said Tuesday's debate in Las Vegas didn't offer enough opportunities to address national security, an issue that she said is her main focus.
NEWS
By Mark Kellam, mark.kellam@latimes.com | October 14, 2011
Maintenance workers at Bob Hope Airport voted overwhelmingly this week to unionize, setting the stage for contract negotiations they hope will result in higher wages and improved benefits. Thirty-one maintenance workers will now join International Union of Operating Engineers Local 501, said Gavin Koon, a Local 501 representative. One worker was out of town the day of the vote, which came in at 29-1 in favor of unionizing, he added. “Very rarely is there such solidarity,” Koon said.
THE818NOW
By Katie Landan, katie.landan@latimes.com | September 27, 2011
The draining of Echo Park Lake has created quite the stench. Following several complaints over the weekend, the Los Angeles Department of Public Works deposited lime in parts of the lakebed to combat the stink, according to Echo Park Patch . According to a Field Poll released Tuesday , 91% of California voters say the Golden State's economy is experiencing "bad times. " It's the third year in a row that more than 90% of voters have depicted the state's economy in a negative light, the Los Angeles Time s reported.
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