Will Businesses Pay Unfunded Pension Debt?

Charles Crumpley
Editor and Publisher of the San Fernando Valley Business Journal

It sure seemed reassuring to hear that California expects to have a huge budget surplus this year – $21.5 billion – and even better that the new governor, Gavin Newsom, said he wants to put $3 billion extra into the California Public Employees Retirement System and almost that much into the state pension fund for […]

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Don’t Kill the Growing Gig Economy

Charles Crumpley
Editor and Publisher of the San Fernando Valley Business Journal

What was the biggest local business story of the year? With a sigh, I vote for the state Supreme Court’s decision in April that basically outlawed the gig economy in California. I sigh because the ruling truly may disrupt the way business increasingly is being done today, especially here in the San Fernando Valley area. […]

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Amazon’s Bad Impact? Overblown

Charles Crumpley
Editor and Publisher of the San Fernando Valley Business Journal

I was taken aback when the local response seemed to be “Whew! We’re sure relieved Amazon decided not to open its second headquarters here.” That reaction, as best I can tell from various reports, derived from the notion that the addition of 25,000 Amazon workers would worsen our already stifling traffic, pressure home prices higher […]

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How Prop 5 May Bring Back Kids

Charles Crumpley
Editor and Publisher of the San Fernando Valley Business Journal

I live in one of those very suburban neighborhoods that was built for kids. The schools are great, and they’re set in among the homes, making them mostly within walking distance. Parks are abundant. Funny thing, though. As I walk around my neighborhood built for kids, I seldom see any. Few backyard playground sets are […]

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How to Kill Apartment Construction

Charles Crumpley
Editor and Publisher of the San Fernando Valley Business Journal

We are in the umpteenth year of a housing shortage. So let’s ask: Why are so few housing units being built? Seriously. Think about neighborhoods you know throughout the Valley area. Now think of where housing units are being built or were recently opened in those neighborhoods. Chances are, you’re still counting on one hand. […]

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City-owned Bank? It’s a Bad Idea

Charles Crumpley
Editor and Publisher of the San Fernando Valley Business Journal

Think of the record of management by the city of Los Angeles. They’ve given us buckled sidewalks, a stinky mess of a trash collection system and billions of dollars in pension obligations with no money saved to pay for them. Now, they want to get into the banking business. You may think I’m making this […]

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The End of the Home-Buying Frenzy

Charles Crumpley
Editor and Publisher of the San Fernando Valley Business Journal

You may have seen recent news accounts about how home sales have slowed nationwide. So I got curious: What’s going on in the San Fernando Valley area? I looked back at the local home-sales stats we publish in the Business Journal, courtesy of Redfin. And in the Valley area, home sales have indeed slowed. In […]

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In the San Fernando Valley—Most Disliked by ‘Influentials’? Traffic

Charles Crumpley
Editor and Publisher of the San Fernando Valley Business Journal

What do business leaders think is the worst single thing about living and doing business in the San Fernando Valley area? It’s not taxes and regulations. It’s not the relative lack of cultural and entertainment amenities. It’s not even the intense heat (although that gets honorable mention). No, it’s traffic. Traffic got mentioned more often […]

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Why Not Flip Retail to Residential?

Charles Crumpley
Editor and Publisher of the San Fernando Valley Business Journal

I wasn’t surprised by last week’s announcement that the Sears store in the Janss Marketplace in Thousand Oaks will soon close. I walked into that store late one weekday afternoon a few months ago and said to my son, “Look at this! There’s only half a dozen customers in the entire place.” As we walked […]

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California Leaving is Becoming a Reality

Charles Crumpley
Editor and Publisher of the San Fernando Valley Business Journal

Recently, I got a note from a local business executive telling me he was retiring and moving out of California. He allowed me to use excerpts from his note so long as I didn’t identify him or his company. (Sorry, but I promised.) He wrote that, on the one hand, California can be a very […]

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