Post-Midterm Magic for Investors

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

You’ve heard that if a National Football Conference team wins the Super Bowl in January, it’ll be a bull market that year? Or that when hemlines rise, so do stock prices? And that you should exit equities entirely in the month of October because that’s when bad things happen? Superstitions like those are pretty stupid. […]

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Don’t Bank on This Dreadful Idea

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

If the city of Los Angeles goes through with a proposal to create a public bank, it will be a demonstration of both chutzpah and contempt. Voters already have told the city of Los Angeles to stay out of the banking business, and by a not-so-close 56 to 44 percent vote. That wasn’t some ancient […]

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We Raise Taxes, Nothing Improves

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

When California’s gasoline tax went up a few weeks ago, there was a flurry of articles about how state motorists now pay the highest such tax in the country and how gasoline here typically costs $1 a gallon more than most other states. I wouldn’t mind paying more if I could boast that we have […]

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Businesses Still Won’t Get No Respect

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

Maybe now the local business community will get more respect, you think? The Los Angeles Unified School District pretty much dissed the business community in the runup to the June 4 election. The district pushed a tax-raising question onto the ballot, ignoring the offer by businesses to work with the school district to come up […]

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Scooters: Annoying or Reassuring?

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

At least some folks are annoyed that electric scooters are invading the San Fernando Valley. I’m not. I’m heartened to see them. OK, so maybe I’m a little annoyed. But for the most part, I’m pleased and even a bit reassured to see them. Why? Because it’s a sign that the area has grown up. […]

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Inland Empire Forming North of L.A.

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

In case you haven’t noticed, a second Inland Empire is starting to take root to the north of Los Angeles. It’s the Grapevine area on the north side of the Tejon Pass. And while it is tiny compared to the vast tracts of warehouses that spread across the inland areas, well, big things usually start […]

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Are Big Businesses Selling Out Smaller Ones?

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

The state’s strange impulse to basically kill the thriving gig economy has taken a turn against smaller businesses. It now appears bigger businesses are selling them out. It all started last year with the California Supreme Court’s decision in the so-called Dynamex case. That basically outlawed the use of independent contractors, ending the longstanding rules […]

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A Business Group That May Thrive

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

If you follow the business community, you’ve probably seen a number of single-issue groups form to fight a law or advocate for something. At first, enthusiasm is high, but then they seem to get tired or frustrated or overwhelmed, and the group falls apart. To be honest, I kind of expected that would happen with […]

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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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