Saturday News Briefs

STOCKTON
March 6, 2010 12:01am
Comment Print Email

•  Hundreds of thousands of California jobs lost

•  Protest marchers trek through Central Valley

•  And more….


Job losses in California ‘far worse’ than originally thought

In California, 338,400 more people lost their jobs in December than was previously reported, according to revised numbers released by the California Employment Development Department. The benchmark revision is extraordinarily large -- one of the largest in the state's history, say economists with Beacon Economics of San Francisco.

“The sector feeling the brunt of this remarkable revision is professional and business services, which lost 103,600 more jobs in December than originally reported,” says Beacon. This loss accounts for 30.6 percent of the total revision. Manufacturing experienced the second largest revision, losing 47,000 positions.

Although dwarfed by the revision numbers, since December, the state has seen some job expansion. In January, California added 32,500 new jobs.

-oo0oo-

Central Valley transit projects get grants

More than $600 million in funding for 191 new Recovery Act transit projects in 42 states and Puerto Rico has been announced that includes grants to a number of transit projects in the Central Valley.

Once funds are obligated to a project, contracts can be bid, workers can be hired, buses and rail cars can be purchased and work can begin on transit construction projects that create jobs and drive economic growth, the U.S. Department of Transportation says.

Here are the grants in the Central Valley

• Modesto: $35,500 for preventive maintenance

• Turlock: $194,532 for a bub transfer hub facility

• City of Fresno: $1.2 million for operating assistance

• Sacramento Regional Transit district: $488,000 for six replacement minivans

• Manteca: $649,009 for bus passenger amenities

“Investing in these transit upgrades not only puts construction workers on the job at project sites, but supports American manufacturing jobs all the way down the supply chain,” says Vice President Joe Biden. “At a time when jobs are priority number one, that means twice the employment bang for the Recovery Act buck.”

-oo0oo-

If you feel these stories are of value to you, please consider a cash donation to Goodwill Industries of the San Joaquin Valley, our designated nonprofit. Thank you.

To support them, please click here.

-oo0oo-

March for education heads through Valley

A diverse group of Californians is marching some 260 miles to highlight what they say is the need for quality public services and education in the Golden State.

The march, sponsored by the California Federation of Teachers and a coalition of labor, education, and civil society groups including the American Federation of State County & Municipal Employees, began Friday in Bakersfield and is to end in Sacramento.

The march is expected to last 48 days, culminating on April 21 and 22 at the state Capitol.

-oo0oo-

Obama Administration accused of want to destroy ‘incriminating data’

The American Small Business League says it plans to go to federal court Monday seeking an order that would forbid destruction of records indicating what businesses got federal contracts.

“One of the most important challenges facing the Small Business Administration and the entire federal government today is that large businesses are receiving small business procurement awards and agencies are receiving credit for these awards,” ASBL says.

On March 12, the Obama Administration intends to move forward with a plan that could destroy years of “incriminating contracting data,” the Petaluma-based organization says. The General Services Administration plans to eliminate the socio-economic field, "Small Business Flag," on all historical and future contracting data.

In the past, the Government Accountability Office, the Small Business Administration Office of Inspector General and other agencies have used the small business flag to uncover large businesses that have misrepresented themselves as small businesses to illegally receive federal small business contracts.

The ASBL says it is preparing to use the data in the small business flag field to launch civil and criminal action against large businesses that had received federal small business contracts fraudulently.

"There is absolutly no reason to destroy historical contracting data," ASBL President Lloyd Chapman says. "This is just the latest attempt by the government to reduce transparency and cover up the fact that large businesses have received billions of dollars a month in federal small business contracts.”

-oo0oo-

Sacramento MBA students demonstrate prowess against Philadelphia counterparts

Every year, graduate students from seven prestigious Philadelphia universities – the University of Pennsylvania’s Wharton School, Penn State University, Drexel University, LaSalle University, St. Joseph’s University, Temple University, and Villanova University – compete for $25,000 in prize money, developing innovative strategies to help solve a hypothetical business challenge.

This year, the competition in Philadelphia will have a Sacramento twist.

In the first round of the competition, four MBA students from Drexel’s Center for Graduate Studies in Sacramento defeated seven teams of their fellow students from Drexel’s LeBow College of Business in Philadelphia, earning the right to represent the university against the finalists from the other Philadelphia-based schools.

The April 8 competition will be held in Philadelphia and the winning team earns $10,000. Second place receives $7,000 and the remaining money is split among the next four finishers. Drexel will be flying its four students to Philadelphia for the finals.

The Sacramento team of Paul Green of Stockton, Ryan Baker of Sacramento, Robert Dodge of Rocklin, and Scott Freeman of Citrus Heights used their combined business acumen to advance to the finals in the fourth annual Association for Corporate Growth Philadelphia Cup, a contest open exclusively to MBA and MS Finance students attending the seven universities.

The Sacramento students were encouraged to participate by David Stewart, who relocated from Drexel’s Philadelphia campus a year ago and now heads up the MBA program in Sacramento. In 2007, Stewart was the driving force behind launching the Philadelphia Cup.

This year the Philadelphia Cup case study was a classic buy-side investment banking scenario. The study concerned a hypothetical cable/DSL company that was considering a merger acquisition. There were multiple layers of complexities to the merger, and the teams had to evaluate if the buyout was ultimately a good idea and make their recommendations.


Comment Print Email












  • How to compete against Wal-Mart
  • Stockton mom turns a need into a business
  • The entrepreneur is in
  • Writing her own success story
  • Growing a small business the family way
  • The future pencils positive for this company
  • Niche marketing -- Italian style
  • Sipping success with niche marketing
  • Roasting a business out of his passion
  • Success as an independent consultant takes more than expertise
  • Avoiding the traps of employee law violations
  • Cracking the voice-over market
  • The American Dream realized, one package at a time
  • Female winemaker plunges into business
  • A new take on nurse education
  • Family sees moving business success
  • STEM thrives in pockets of education innovation
  • STEM goes solar in Stockton
  • Quick! There’s a robot in my pool
  • Retiring seniors can mean new business
  • Predawn biotech class trains next generation of science workers
  • Staying ahead of the competition the old fashioned way
  • Central Valley sees mismatch between high-tech jobs and job seekers
  • STEM starts young
  • Get ready – the future is here now
  • STEM Education: Growing the Valley's Future
  • They’re low power in wattage only, not ideas
  • Thinking success spawns Successful Thinkers
  • Small business success can mean finding the right niche
  • This franchise has real muscle behind it
  • Getting the scoop on small business success
  • Reshoring could rebuild America's manufacturing
  • Marketing that’s deliberately anchored to the past
  • Guitar artist plays his way to success
  • Paralysis no handicap for this entrepreneur
  • Boost sales with better communication
  • Making sandwiches sexy with a franchise
  • Going solar without spending a lot of money
  • They’re cute and cuddly. But are they a business?
  • Opportunity sails forth in the Delta
  • How bad etiquette on the job could kill your career
  • Growing their way out of hunger and poverty
  • Finding small business success from floor to ceiling
  • Why he’s public enemy #1 – for gophers
  • Running a home-based business successfully
  • Your boss needs a vacation – really
  • Couple makes transition from big corporations to small business
  • Carving a small business niche with a better idea
  • Calm is the goal of computer service and education franchisor
  • Developer squeezing new life into downtown with juice franchise
  • Signs of a recovering economy
  • How to keep a family business in the family
  • Ford dealership expands despite the Great Recession
  • Utility Telephone connects with customer service
  • Crowdfunding basics
  • The roar from crowdfunding is getting louder
  • California water wars’ bulldog
  • Water wars heat up in California
  • Helping businesses grow with a stronger STEM
  • How to retain your best employees
  • Small business runs success up the pole
  • Winery expands in Lodi
  • Lodi wineries tapping into growing Chinese market
  • Has the jobs picture brightened for the Valley for 2012?
  • The right education will be needed for 21st Century jobs
  • Where new jobs for San Joaquin will come from
  • Developing jobs for San Joaquin – Part 2
  • Developing jobs for San Joaquin
  • Fruits of his labor
  • Helping grow food security in the Valley of plenty
  • Doing a business turnaround despite the recession
  • Keeping customers loyal helps build her business
  • Expo exposes businesses to utility contracting ideas
  • Drink mix maker taps expertise to blend success
  • Entrepreneur finds success in a basket
  • Tips for catching resume fraud
  • There’s no checking out for this small business owner
  • Entrepreneurs take Valley sports play-by-play to the world
  • Starting a winery from scratch
  • Job hunting tips for the long-term unemployed
  • In the Central Valley, opera isn’t always the Grand Ole Opry
  • Branding ideas for small businesses
  • The ump’s not blind, but the players are
  • Finding success by tapping your brain in a new way - Part Two
  • Finding success by tapping your brain in a new way
  • Machines talking to machines is the future
  • Getting involved in the fight against AIDS
  • Franchised divorce says it’s a better way
  • Small business owner is brewing a success story
  • To beat the Great Recession, they’ve expanded
  • Taking a swing at strokes
  • Alert your taste buds – here comes Taste of San Joaquin
  • This franchise has real muscle behind it
  • Passion for his city drives him
  • Vicente Fox speaks out on U.S.-Mexico relations
  • Give your support staff recognition and reap top performance
  • Central Valley baker gets top honors for Royal Wedding pie
  • Asparagus Festival ends on high note
  • Stockton close to annual ‘tipping’ point
  • Framing small business success
  • Small business sees Affordable Care Act helping its bottom line
  • What you eat – and when – helps local restaurants
  • Coping with the aftermath of foreclosure
  • How to raise charming children
  • Central Valley grad school goes all-iPads
  • Solution to Delta water wars voiced
  • Making sure your personal bottom line is covered
  • Small California winemaker is all family
  • Small winery relies on family and innovation to compete
  • Central Valley company says it has a better way to store solar power
  • What’s wrong -- and right -- about local TV news
  • What planning means to small business success
  • Making the leap to small business
  • Out of work at middle age? Experts offer advice
  • Small business marketing, one article at a time
  • Congress on your corner as it’s supposed to be
  • Central Valley city’s heritage rediscovered
  • Central Valley school is building students’ foundations
  • Job tips from the expert
  • Long-term jobless worker re-invents himself
  • Building a new power plant means jobs for Central Valley
  • Sacramento reaches for the stars with new science center
  • Lodi Chamber opens China’s doors to small business
  • Writing books for fun – and sometimes profit
  • Black Friday shopping? How to protect yourself from scams
  • California winemakers can find added rewards overseas
  • Wine makers tap overseas markets from Lodi
  • A new revenue stream for Central Valley small businesses
  • Food bank seeks more business support
  • Tips for finding a job in the Great Recession
  • State may solve some of its prison woes with new Stockton facility
  • A solution to underwater mortgages
  • Should public libraries be managed by private firms?
  • Central Valley moves ahead with critical water project
  • Dee Dee Myers and the increasing impact of women on small business
  • How women are growing their small businesses
  • A market with a mission
  • Retailer 'paints' solutions to cash flow challenge
  • An answer for the unemployed – return to school
  • A ‘golden’ small business success story
  • Central Valley winegrapes blessed
  • Rubbing out the recession with a franchise
  • Surviving the recession as a small business
  • It’s personal, union says of Stockton fire cuts
  • How old it too old to start a new business?
  • They've found the recipe for small business success
  • MBA students help revive Central Valley farmers market
  • Classic wooden yachts anchor in Stockton for weekend
  • Foreclosures, short sales – a bank president comments
  • The strength of family helps this small business compete
  • Festival spears success in Central Valley
  • Social media helps keep family business prospering
  • Central Valley students get training in ‘green’ futures
  • Knives readied as Valley cities slash services
  • Central Valley jobless picture still grim
  • Delta residents told to ready for water war
  • Opportunities outlined for Central Valley small businesses
  • Rewiring your brain for success
  • Central Valley no longer ‘shell shocked’ by recession
  • To fix California’s government, look to London
  • Taking your sales pitch to the next level