July 24, 2015
The enormous, disruptive creativity of Silicon Valley is unlike anything since the genius of the great 19th-century inventors. Its triumph is to be celebrated. But the accumulation of so much wealth so fast comes with risks. The 1990s saw a financial bubble that ended in a spectacular bust. This time the danger is insularity. The geeks live in a bubble that seals off their empire from the world they are doing so much to change.
July 23, 2015
An important measure of layoffs hit its lowest mark since the Nixon administration, a sign of increasing momentum in the labor market and a possible hint at the extent of job growth for the full month of July.
July 22, 2015
An annual report card Wednesday from the trustees of both programs showed that the long-term deficits associated with the two largest benefit programs would be slightly smaller than forecast last year. The report also offered the latest warning that the Social Security disability-insurance program will exhaust its reserves late next year, which would trigger a 19% cut in benefit payments.
July 21, 2015
Organized labor won an important victory Tuesday when the Los Angeles County Board of Supervisors voted to increase the minimum wage to $15, but it now faces a more daunting political challenge: convincing other local governments to join the movement.
July 17, 2015
Sales rose from a year earlier for the fourth straight month to an estimated 46,095 homes despite unusually tight supplies. It marked an increase of 10.8 percent from 41,612 sales in May and 16.8 percent from 39,460 sales a year earlier.
July 17, 2015
The refinery that has historically produced about a fifth of Southern California's gasoline has been crippled since a February explosion — and may stay that way for months to come.