Hey, Mayor, We Bent That Curve

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

Weren’t we told we needed to go into an economic lockdown so that the hospitals wouldn’t be overwhelmed? And didn’t we all agree and obey? And haven’t we accomplished that goal spectacularly well? According the news coverage lately, hospitals are not being overrun. In fact, they’re seeing fewer patients than normal. The chief executive at […]

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Are We Doing the Right Thing Here?

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

Here’s a question for you: What was the worst quarter economically in modern U.S. history? The gross domestic product plunged 10 percent in a steep but brief recession in the first three months of 1958, making that the worst quarter. The second worst came in the Great Recession when GDP fell 8.4 percent in the […]

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At Least Coronavirus Not as Disastrous as Spanish Flu

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

The death rate from those who get the coronavirus is projected by some experts to be about 1 percent, although no one really knows yet. In any case, it is a bad one. Still, it is shaping up to be far less disastrous than the Spanish flu of 1918. According to some estimates, the death […]

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How the Virus May Change Us All

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

Chances are, the coronavirus pandemic will forever change the way you do business. For one thing, business travel may be reduced. Already, Zoom is zooming; one report last week said videoconferencing traffic in North America and Asia has doubled since the outbreak began. Once execs finally see for themselves that meaningful interchange really can get […]

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Let’s Make Housing Scarcity Worse!

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

You know what really irks me? It’s the fact that people keep acknowledging that housing is a “crisis” in California, then doing things to make it worse. Just last fall, the legislature passed statewide rent control, limiting increases for rental buildings more than 15 years old. While it is an understandable impulse to try to […]

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Tourists Could Visit Us. No, Really.

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

Here’s one oddity about the San Fernando Valley: There’s a bounty of cool stuff to do and see and experience. Yet a tourism industry is next to nonexistent. Will that ever change? Will tourism one day thrive in the Valley area? Well, maybe, just maybe – if you cross your fingers and dream. More about […]

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Give Moms a Break or Suffer Costs

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

I’ve asked a dozen or so business operators in recent months if they’ve created lactation rooms yet. Most of them have given me a blank stare, with several saying they were unaware of the new state law, which went into effect Jan. 1. Alas, inaction could be costly. The reason: If an employer does not […]

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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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