A rebounding Southern California economy will increase revenue to Los Angeles by 5.1 percent next year, though locked-in employee costs are growing even faster, City Administrative Officer Miguel Santana said.
Frederic Scheer employed 70 people making plastic resins from plant starches in suburban Los Angeles until he calculated in 2010 that he could save $600,000 a year by moving Cereplast Inc. to the middle of Indiana.
California’s credit rating, ranked second-lowest in the U.S. by Standard & Poor’s, is poised to benefit if Governor Jerry Brown is able to persuade a special legislative session to alter plans for a budget reserve.
Anadarko Petroleum Corp. and Noble Energy Inc., Colorado’s largest oil producers, are waging a media campaign to promote the benefits of hydraulic fracturing as residents push statewide measures to restrict the drilling technique as a threat to the environment.
The Bellagio Fountains gush 460 feet (140.2 meters) high every 15 minutes nightly. Golf courses carpet the desert, as they have since Frank Sinatra and the Rat Pack played Las Vegas. And the casino restaurants still serve water without asking.