Page 26 - David Ely News Today

New York City has dropping rents. San Diego's rent keeps going up.

A Reddit-inspired buying of stocks in GameStop, AMC, BlackBerry and others led to a surprising two weeks on Wall Street that resulted in some brokerages pausing trading on certain stocks. Robinhood, E*Trade and others stopped trading — or put in restrictions — that led to a firestorm of criticism. Brokerages have said decisions were based on capital obligations and clearinghouse deposits, which fluctuate based on volatility in the markets. That explanation was not enough for many lawmakers ...

Question: What economic indicator will you monitor most closely in 2021? Lynn Reaser, Point Loma Nazarene University Vaccination rates: Success in combating the coronavirus and the economy’s health have become tightly linked. If vaccination rates can reach 70 percent or 75 percent, we could reach herd immunity. This would allow key parts of the leisure and hospitality industry to either restart or open at greater capacity. Other businesses could raise their operating rates. Consumers’ pent-...

President Joe Biden took office this week and there is some question of where the U.S. economy will go from here. Biden has called for infrastructure spending and green jobs, as well as raising taxes on the wealthy and changing the corporate tax rate. While some have celebrated the changes, some analysts are concerned the unemployment rate is still high and anything to hamper business may not be a good idea. Some of Biden’s other ideas include some student loan debt relief and another round o...

Goldman Sachs CEO David Solomon is warning he sees "excess in markets"

Irish prime minister Micheál Martin said last week his government is looking at substantially increasing the minimum wage to jumpstart, or at least rebalance, the economy following the pandemic. Much like the United States, Martin said low-wage workers felt the brunt of the pandemic while hig

Irish prime minister Micheál Martin said last week his government is looking at substantially increasing the minimum wage to jumpstart, or at least rebalance, the economy following the pandemic. Much like the United States, Martin said low-wage workers felt the brunt of the pandemic while higher-wage workers were able to stay employed working from home. His plan refers to the increase in the minimum wage as a “living wage.” President-elect Joe Biden said during his campaign that he wanted ...

Print A study released last week from the Public Policy Institute of California found 73 of respondents in San Diego and Orange counties are anticipating bad financial times ahead in the next 12 months. The statewide average was 68 percent. Inland Empire was the least pessimistic with 62 percent of respondents saying there will be bad times ahead. It was followed by Los Angeles at 63 percent; San Francisco Bay Area at 70 percent; and Central Valley at 72 percent. This contrasts with a UCLA Ande...

The Planning Commission has approved of a plan to cut Airbnb-style rentals by 50 percent

choose hurricane? >> because it -- you have time to prepare for it. >> reporter: why earthquake? >> well, actually, i saw some pretty nasty effects from the earthquake. the hurricane tended to be a lot of rain. >> reporter: one move too many. this is jim and gayle lovelace and they live on lind street. before the storm came, their cars were parked here, near a wooded area, where theres some trees with a dangerous lean to them. so they thought with the hurricane on the way, the smart th...