Tuesday | February 28, 2017

California toughest state for first-time homebuyers

NEW YORK CITY, N.Y., 2/28/17 6:27am

• Dead last – and by a wide margin

• “Tight market conditions and unaffordably high prices”

Nation’s GDP rate slows

WASHINGTON, D.C., 2/28/17 6:07am

• Sees just a 1.9 percent rate in Q4 2016

• Down from 3.5 percent in Q3

PG&E changing how it charges for power

SAN FRANCISCO, 2/27/17 9:03pm

• Claims it ties what’s paid to cost of service

• Heavy users of electricity could be hit with a surcharge

Harvard: Aging homeowners drive growth in remodeling

CAMBRIDGE, MASS., 2/27/17 9:01pm

• Millennials begin to gain footing

• “The shortage of affordable housing … makes the stock of older homes an attractive option”

Union warns offshoring of UC tech jobs could spread to all campuses

SAN FRANCISCO, 2/27/17 2:31pm

• 79 to lose their jobs Tuesday at UC san Francisco

• Ordered to train lower-paid replacement of lose severance

• UPDATED with university statement

Study: Humans probably responsible for many of California’s wildfires

BOULDER, COLORADO, 2/27/17 1:52pm

• Researchers find a human touch to torching mammoth fires

• “There cannot be a fire without a spark”

Walnut Board seeks members

FOLSOM, 2/27/17 11:58am

• Would serve two-year terms

• Must be growers or handlers



Deadline extended to submit comments about high-voltage line

SACRAMENTO, 2/27/17 11:45am

• Flooding prompts extension

• “We want the scoping effort to be as comprehensive as possible”

Winter storms abate; reservoirs still high but dropping

SACRAMENTO, 2/27/17 8:40am

• Oroville drained to 76 percent of capacity

• River levels still high

Cash home sales shrinking

IRVINE, 2/27/17 7:34am

• Now fewer than one in three

• Cash sales dropped in three of four Central Valley markets

Oroville Dam spillway may be shut off Monday

OROVILLE, 2/26/17 9:03pm

• Will allow for more work to be done to clear debris

• State expects inflows will be less than of water being drained from reservoir

Why the best employees are slipping away

WASHINGTON, D.C., 2/26/17 9:01pm

• The more disconnected employees feel, the greater their readiness to job hop

• “They must give employees a reason to choose them, stay with them and perform at their best”

Weekend News Briefs from CVBT

STOCKTON, 2/24/17 6:28pm

• The governor wants to fix the dams

• Awards made to improve quality of life in Stockton

• And more….

Roseville woman sentenced to 9.5 years in prison

SACRAMENTO, 2/24/17 12:37pm

• Jury finds her guilty of mortgage fraud scheme and identity theft

• Home improvement loans pay for a Lexus

Homeless Sac State students helped with emergency shelter, meals

SACRAMENTO, 2/24/17 12:16pm

• University effort provides shelter students who suddenly find themselves homeless

• “We have students who are sleeping in their car, on a friend’s couch, on church steps”

California pending home sales dip slightly in January

LOS ANGELES, 2/24/17 11:16am

• Southern California is strongest region

• Pending sales in the Central Valley fell 7.9 percent from January 2016

Fewer community college students tapping state’s “Dream Act” aid

SACRAMENTO, 2/24/17 10:32am

• Applications down more than 40 percent from last year

• “Our 113 community college campuses … are open to all eligible students”

California may oppose Trump on environmental rollbacks

SACRAMENTO, 2/24/17 10:16am

• Lawmakers “Environmental Defense” bills

• “This is pretty straightforward -- just common sense measures”

J.C. Penney to close as many as 140 stores

PLANO, TEXAS, 2/24/17 8:02am

• Won’t say which are being shut down

• 6,000 to be offered early retirement

World's largest energy storage facility goes online

ESCONDIDO, 2/24/17 6:47am

• Uses lithium ion batteries

• Could power 20,000 homes for four hours

Gasoline price rise slows

LOS ANGELES, 2/24/17 3:44am

• But $3 mark reached in three markets

• “At this time last year, some … drivers were paying less than $2 a gallon”


Jeffrey Kennedy

People in the News

STOCKTON, 2/23/17 9:01pm

• Solar power company adds key managers

• Hospital district picks an interim chief

• And at least 10 more….


A kumquat grower offers free samples at a festival near his groves. Citrus greening has impacted his groves as well.

(CVBT file photo 2017)

Citrus greening research accelerates in California

RIVERSIDE, 2/23/17 10:52am

• USDA makes a $5 Million grant for research

• Trying to find a cure for the always-fatal tree disease

Managers need EQ, not just IQ to be effective

MENLO PARK, 2/23/17 10:08am

• Research reveals how to improve EQ and look for it when hiring

• “The value of emotional intelligence in the workplace shouldn't be underestimated”

Bakersfield company sees rising profits in helium

BAKERSFIELD, 2/23/17 9:31am

• Predicts a coming helium shortage

• Currently high prices could rise even more

Fresno company leaps to Idaho

FRESNO, 2/23/17 9:19am

• Says it sees added opportunity in southern Idaho

• “We are always looking for new opportunities”

Newspaper publisher to open TV studio

SACRAMENTO, 2/23/17 7:27am

• McClatchy calls it a video storytelling incubator

• “This investment in video represents the digital future we're racing toward”

Pioneering wine scientist dies

FRESNO, 2/22/17 9:05pm

• Cancer claims Kenneth Fugelsang

• “Ken Fugelsang … gave his all to his students”

Serious delays expected on some Delta highways

RIO VISTA, 2/22/17 9:03pm

• Caltrans crews planning daytime bridge inspections

• Delays of 20-30 minutes could occur

High rates of child poverty found even in state’s most prosperous regions

SAN FRANCISCO, 2/22/17 9:01pm

• Strategies that vary with geography might more effectively reach poor families

• One-quarter of California’s young children, or about 754,000, live in poverty

State’s credit unions say they have a $17 Billion impact on California’s economy

ONTARIO, 2/22/17 12:58pm

• 10.8 Million credit union members in California

• “Making a substantial economic impact in the communities they serve"

New car and truck sales top 2 Million in California in 2016

SACRAMENTO, 2/22/17 12:02pm

• Electric vehicles make of 3.5 percent of the sales mix

• “We expect to sustain this high level of new car sales in 2017”

BLS: California union membership rate 7th highest in nation

WASHINGTON, D.C., 2/22/17 11:52am

• State has largest number of union members

• More than 2.5 million workers in the state are union members

LA law firm expands to Sacramento

SACRAMENTO, 2/22/17 8:24am

• Buchalter Nemer opens new office

• “The decision to open an office in Sacramento was an easy one”

UC Davis gets a new chancellor

DAVIS, 2/22/17 5:57am

• Georgia Tech engineering dean picked

• His career was sparked by Star Trek, Lego and Erector sets

Job seekers opt for entrepreneurship instead

CHICAGO, ILLINOIS, 2/22/17 5:35am

• Start-up rate highest in 12 quarters

• “We tend to see an increase in start-up activity when confidence is high”

Economic confidence holds in positive territory

WASHINGTON, D.C., 2/21/17 9:03pm

• Gallup Index has been positive for 14 weeks straight

• “There is some evidence that economic confidence has stalled”

State might further protect businesses that donate surplus food

SACRAMENTO, 2/21/17 9:01pm

• Assembly gets legislation from Stockton lawmaker

• “This legislation provides much-needed clarity for groups that want to help feed hungry people”

Court upholds Reclamation’s Trinity River water release

SAN FRANCISCO, 2/21/17 11:23am

• Says agency was within its rights to increase flows to save salmon

• “The broad language of this clause gave BOR the authority”

Trump’s newest immigration crackdown could target California

WASHINGTON, D.C., 2/21/17 10:48am

• Golden State’s major metros have some of the largest numbers of deportable people

• “Conducting targeted enforcement operations”

• UPDATED with reaction













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