Weekly Economic Report | LAEDC

THIS WEEK’S HEADLINES:

• California’s Budget Position in May
• Median Home Price in SoCal Hits Five-Year High
• Retail Sales in May
• Events of Interest
  • July 17, 2013: LAEDC Mid-year Economic Forecast: The Future of Energy in the Southland

Weekly Economic Forecast | LADEC

THIS WEEK’S HEADLINES:

• March S&P / Case-Shiller Home Price Indices
• April Personal Income and Consumption
• Events of Interest
  • June 14, 2013: Think Asia, Think Hong Kong
  • July 17, 2013: LAEDC Mid-year Economic Forecast: The Future of Energy in the Southland

Weekly Economic Update | LAEDC

THIS WEEK’S HEADLINES:

• First Quarter GDP: Moderate Growth
• California Housing Market: Inventory Dips Below 3-Month Supply
• Global Economy
• Events of Interest
  • May 15, 2013: LAEDC International Trade Outlook

Weekly Economic Update | LAEDC

THIS WEEk:

California’s Budget Position in March

HEADLINES:

• Retail Sales Weaken in March
• Wholesale Prices Retreat by 0.6% in March
• Events of Interest
  • April 23, 2013: Economic Outlook for the San Gabriel Valley
  • May 15, 2013: LAEDC International Trade Outlook

Weekly Economic Update | LAEDC

THIS WEEK’S HEADLINES:

• Fourth Quarter 2012 GDP Revision
• Personal Income Slumps in January
• December S&P/Case-Shiller Home Price Indices
• U.S. Light Vehicle Sales in January
• Events of Interest
  • March 13, 2013: UCLA Anderson Forecast Presents – Quarterly Forecast Conference

Weekly Financial Update | LAEDC

THIS WEEK’S HEADLINES:

• Fourth Quarter GDP: Not as Bad as it Sounds
• Job Growth in January: The Story Was in the Revisions
• Personal Income Soars in December
• November S&P/Case-Shiller Home Price Indices
• Events of Interest
  • February 20, 2013: 2013-2014 LAEDC Economic Forecast and Industry Outlook

Weekly Economic Update | LAEDC

THIS WEEK’S HEADLINES:

• The State of California’s Finances in October
• Households Pay Down Credit Card Balances
• Demand for Mortgage Loans Rising
• Events of Interest
  • November 16, 2012: Hollywood Chamber Entertainment Conference 2012
  • November 29, 2012: A View from the Top: Is the Streetcar LA’s Desire?

Weekly Economic Update | LAEDC

THIS WEEK’S HEADLINES:

• Third Quarter GDP: A Mixed Bag
• Personal Income and Spending Rise in September
• September Port Figures – Exports Continue to Deteriorate
• Events of Interest
  • November 8, 2012: LAEDC 17th Annual Eddy Awards

Weekly Economic Update | LAEDC

THIS WEEK’S HEADLINES:

• California Home Sales and Median Prices in July
• Weak July Port Figures Reflect Deteriorating Global Economy
• Youth Employment Summer 2012
• Events of Interest
  • September 25: The Federal Budget Deficit, the Fiscal Cliff and the Southern California Economy
  • September 30: October 6, 2012: Canada Trade and Investment Mission
  • October 29, 2012: Southern California Visitor Outlook Conference: Stepping on Uneven Ground
  • October 30, 2012: X Marks the Spot: Discovering the Treasure in Today’s Real Estate Market
  • November 8, 2012: LAEDC 17th Annual Eddy Awards

Junk food blues: Are depression and diet related? | MayoClinic.com

Depression and diet may be related. Some preliminary research suggests that having a poor diet can make you more vulnerable to depression. Researchers in Britain looked at depression and diet in more than 3,000 middle-aged office workers over the course of five years. They found that people who ate a junk food diet — one that was high in processed meat, chocolates, sweet desserts, fried food, refined cereals and high-fat dairy products — were more likely to report symptoms of depression.

Read More.

Weekly Economic Report | LAEDC

THIS WEEK’S HEADLINES:

• June U.S. Trade Deficit Narrows – Some Unexpected Good News for the Economy
• Credit Markets Continue Slow Thaw
• Consumers Continue to Chip Away at Credit Card Debt
• Productivity Report Suggests No New Hires on the Horizon
• Events of Interest
  • September 30: October 6, 2012: Canada Trade and Investment Mission
  • October 29, 2012: Southern California Visitor Outlook Conference: Stepping on Uneven Ground
  • October 30, 2012: X Marks the Spot: Discovering the Treasure in Today’s Real Estate Market
  • November 8, 2012: LAEDC 17th Annual Eddy Awards

Weekly Economic Report | LAEDC

THIS WEEK’S HEADLINES:

• California’s 2011-2012 Fiscal Year Closes
• Consumers Credit Card Debit – Largest Jump since 2007
• Events of Interest
  • July 25: 2012 LAEDC Mid-Year Economic Forecast
  • July 28: 8th Annual Access to Capital Business Expo

Idle corporate cash piles up | David Cay Johnston

IRS data suggests that, globally, U.S. nonfinancial companies hold at least three times more cash and other liquid assets than the Federal Reserve reports, idle money that could be creating jobs, funding dividends or even paying a stiff federal penalty tax for hoarding corporate cash.

Read Article.

Do the ‘Job Creators’ really need more cash? – Ed.

California cities eye plan to seize mortgages | NBC News

Typically, eminent domain has been used to clear property for infrastructure projects like highways, schools and sewage plants. In this case, supporters say, the public purpose is served because communities battered by foreclosures have seen tax rolls decimated and services gutted and have suffered economic blight.

Read Article.

Weekly Economic Report | LAEDC

THIS WEEK’S HEADLINES:

• U.S. June Labor Market Report
• U.S. Light Vehicle Sales in June
• May Hotel Figures Show Los Angeles is Busy
• Events of Interest
  • July 25: 2012 LAEDC Mid-Year Economic Forecast
  • July 28: 8th Annual Access to Capital Business Expo