Wednesday | December 13, 2017

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STOCKTON, 12/13/17 10:04am

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State Auditor: California needs to strengthen efforts to reduce workers comp fraud

SACRAMENTO, 12/12/17 9:01pm

• Insurers vary significantly in the number of fraud referrals they submit

• California Department of Insurance is limited its ability to investigate fraud because of high vacancy rate of qualified investigators

Job fair set in Visalia Industrial Park

VISALIA, 12/12/17 11:06am

• Scheduled for the morning of January 9

• A dozen employers will be recruiting

Record 129 Million dead trees in California

SACRAMENTO, 12/12/17 8:11am

• An additional 27 million trees have died in the past year

• Mostly centered in the central and southern Sierra Nevada

Mortgage delinquency rates lowest in more than a decade

IRVINE, 12/12/17 5:43am

• National foreclosure rate declines 0.2 percentage point year over year

• “The economic fundamentals that drive mortgage credit performance are the best in two decades”

AAA: Premium not always worth the price

LOS ANGELES, 12/12/17 5:15am

• Tests show premium fuel comes at a high cost

• “Engines have to be calibrated to … see the full benefit”

San Francisco’s mayor dies

SAN FRANCISCO, 12/12/17 4:21am

• Ed Lee was 65

• Cause of Tuesday death not announced

Gentrification eludes Fresno, but other problems facing would-be homeowners prevail

OAKLAND, 12/12/17 12:01am

• Most home loans in low-income tracts don’t go to low-income buyers

• “That’s just the tip of the iceberg”

Trusted company bookkeeper admits embezzling from employer

FRESNO, 12/11/17 9:01pm

• Took more than $1 Million

• Some of the stolen money was used to buy fancy cars

California passes Florida in citrus production

DAVIS, 12/11/17 10:08am

• Florida’s industry devastated by disease

• Florida produced twice as much citrus as California as recently as 2012

Consumer demand drops, gasoline prices trickle down

WASHINGTON, D.C., 12/11/17 9:56am

• Prices in the West Coast region are among the highest in the country

• “Nationally, gas prices are 10 cents cheaper on the month and will continue to drop as we count down the days to the holidays”

Half of managers predict bonus levels to increase this year

MENLO PARK, 12/11/17 9:04am

• 10 percent expect bonus levels to drop

• “Bonuses are a key recruiting and retention too”

Goodbye, California: Tax changes to prompt exodus of wealthy Californians

SEATTLE, WASHINGTON, 12/11/17 8:29am

• No SALT and it’s off to Texas or someplace, says Redfin

• “The nationwide inventory shortage is likely to continue to hinder sales and increase prices”

To our readers

STOCKTON, 12/10/17 9:03pm

• A note from the publisher about your subscription

• CVBT is changing

Cindy Messer

(Photo by Angelina Mosher)

VIDEO: State auditors detail DWR’s management mistakes with Governor’s tunnels

WALNUT GROVE, 12/10/17 9:01pm , by Gene Beley, CVBT Delta Correspondent

• DWR’s Cindy Messer put on hot seat after auditors speak

• Economist says “tunnel water” could cost farmers $6,000 per acre-foot


Weekend News Briefs from CVBT

STOCKTON, 12/8/17 9:01pm

• Sexual allegations topple powerful state lawmaker

• Doctors imply there is a cover-up underway in the San Joaquin County sheriff’s office

• And more....

California sues Trump again

SACRAMENTO, 12/8/17 9:08am

• This time it’s for not enforcing clean air law

• “The U.S. EPA has been illegally attempting to avoid its obligations”

New state program might make college affordable for more Californians

SACRAMENTO, 12/8/17 8:54am

• State Treasurer Chiang says it will help jump-start college savings

• “The wealth gap in our country is the widest it has been in 40 years”

Here’s what they’re thinking in Merced

MERCED, 12/8/17 8:43am

• City surveys its residents, finds support for public safety services

• Residents concerned about homelessness and poverty

Dignity Health to merge into Catholic Health Initiatives

SAN FRANCISCO, 12/8/17 8:20am

• Impacts nine Central Valley hospitals

• Merged company will have hospitals in 28 states

Stark partisan divisions over Russia probe

WASHINGTON, D.C., 12/8/17 7:22am

• This includes its importance to the nation

• Majority of Americans are suspicious of Trump team

More than 86,000 homes at risk from just three of SoCal’s wildfires

IRVINE, 12/8/17 5:28am

• Analysis includes dangers from just the Thomas, Rye and Creek wildfires

• A combined reconstruction cost value of $27.7 Billion

Fourth straight week of gasoline price drops

LOS ANGELES, 12/8/17 4:45am

• Wholesale gasoline prices are at their lowest levels since early October

• “Should provide room for further price drops at the pump”

Mark Merrion

People in the News

STOCKTON, 12/7/17 9:01pm

• New head of sales for winery

• Tracy picks a parks director

• And more.....

Many California families struggle to afford a basic household budget, report says

SACRAMENTO, 12/7/17 11:30am

• Family of four needs to make nearly $76,000 a year with two working parents

• “When families struggle to make ends meet, they can face a wide range of hardships”

Health risks to farmworkers increase as workforce ages

SALINAS, 12/7/17 8:00am , by Sarah Varney, California Healthline

• The average California farmworker is now 45 years old

• “It’s difficult to manage because there aren’t the younger people wanting to come in and work in this industry”

Home flipping returns drop to two-year low in Q3

IRVINE, 12/7/17 7:11am

• But YTD home flips still pacing 10-year high

• “Home flipping profits continue to be squeezed”

Homeowner equity increased by almost $871 Billion in Q3

IRVINE, 12/7/17 5:27am

• Number of underwater homes decreased year over year by 700,000

• But 2.5 Million homes with a mortgage still in negative equity

Job cuts jump 30 percent year over year

CHICAGO, ILLINOIS, 12/7/17 4:30am

• But 2017 still has lowest total in 20 years

• “Major M&A activity … could lead to a spate of large-scale job-cut announcements”

Bank fraud scheme ends with guilty verdicts

SACRAMENTO, 12/6/17 9:03pm

• Tried to eliminate home mortgages and then profit on the subsequent home sales

• A church named Shon-te-East-a Walks With Spirit

Nearly three in four employers impacted by bad hires

CHICAGO, ILLINOIS, 12/6/17 9:01pm

• The average cost of one bad hire is nearly $15,000

• Average cost of losing a good hire is nearly $30,000

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