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The Latest Breaking News from Christopher Thornberg

Study: California’s $20 minimum wage barely raised prices—and proved economists wrong about job loss

“The results are nowhere as dire as predicted,” Berkeley’s Michael Reich told Fortune.

Fortune

‘Not the charmed industry it once was’: can Hollywood find its comeback story?

After the writers’ and actors’ strikes, the pandemic, and structural shifts in technology, LA’s trying to find its footing in a changed industry

The Guardian - US

UC Riverside should investigate economics research center, faculty say

LOS ANGELES — Some University of California faculty members are raising the alarm about a research center affiliated with UC Riverside that they say uses corporate funding for reports "attacking proposals to improve the lives of working Californians."

Los Angeles Times

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read the most diverse news in one place.

Why diners bought into Mexican Pizza and Happy Meals in 2022

This past year had the taste of nostalgia.

The Orange County Register

Widening tech, biotech job cuts could jolt broader Bay Area economy: experts

SAN JOSE, Calif. — Bay Area tech and biotech companies have recently revealed plans to chop thousands of jobs, layoffs that raise the specter that these cutbacks might haunt the region’s broader economy.

Tribune News Service

Why redistricting is such a hot topic in the leaked LA City Council audio

LOS ANGELES — Unlike state lawmakers and Los Angeles County supervisors, members of the L.A. City Council have the power to draw the lines for the districts they represent. It's a power to decide not just which voters they will represent, but also which businesses, institutions, parks and other public…

Los Angeles Times

Americans expect a recession. Should you be worried?

By many metrics, the U.S. economy is chugging along at a healthy clip. The latest readings on some key economic indicators are all good — unemployment is low, quarterly profits are high, home construction is up, retail sales continue to grow, and the gross domestic product showed solid growth.

Los Angeles Times

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