Menlo Park, CA…Today, the Oversight Board upheld Facebook’s suspension of former US President Donald Trump’s Facebook and Instagram accounts. As we stated in January, we believe our decision was necessary and right, and we’re pleased the board has recognized that the unprecedented circumstances justified the exceptional measure we took. However, while the board has not required Facebook to […]
San Fernando, CA…Today, Governor Gavin Newsom signed a bill that will give small businesses hit hardest by this pandemic a $6.2 billion tax cut over the next six years – a critical lifeline that will help get our small businesses back on their feet and an important component of California’s economic recovery strategy. Governor Newsom […]
Washington, DC…Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2020, real GDP increased 4.3 percent. The GDP estimate released today is based on source data […]
Sacramento, CA…California Attorney General Rob Bonta today announced a $300 million settlement against Indivior plc and Indivior Inc. (collectively, “Indivior”) resolving claims that Indivior falsely and aggressively marketed Suboxone, resulting in improper use of state Medicaid funds. Suboxone is a drug product approved for use by recovering opioid addicts to avoid or reduce withdrawal symptoms […]
Washington, DC…SBA Administrator Isabella Casillas Guzman today announced the U.S. Small Business Administration will begin registrations on Friday, April 30, 2021, at 9 a.m. EDT and open applications on Monday, May 3, 2021, at noon EDT for the Restaurant Revitalization Fund. The online application will remain open to any eligible establishment until all funds are exhausted. “Restaurants are the core of our neighborhoods […]
Washington, DC…The U.S. Small Business Administration launched a new round of Economic Injury Disaster Loan (EIDL) assistance – called Supplemental Targeted Advances – on April 22, 2021 that will provide $5 billion in additional assistance to 1 million small businesses and nonprofit organizations that have been most severely affected by the economic effects of the COVID-19 pandemic. The Supplemental […]
Sacramento, CA…Governor Gavin Newsom today directed the Department of Conservation’s Geologic Energy Management (CalGEM) Division to initiate regulatory action to end the issuance of new permits for hydraulic fracturing (“fracking”) by January 2024. Additionally, Governor Newsom requested that the California Air Resources Board (CARB) analyze pathways to phase out oil extraction across the state by […]
Santa Cruz, CA…The Santa Cruz Beach Boardwalk is joining other amusement parks across the country – employing temporary workers to help fill the schedule in May and June after an unprecedented year of closure. Spring and early summer are typically busy months for amusement parks and attractions, yet many students are not available to work […]
Salinas, CA…Both classic and modern Porsches, beautifully restored MGBs, authentic Triumphs and BMWs were alongside cars as modern as Tesla, Aston Martin and Ferrari as they filed in to drive the track. John Narigi, president and general manager of WeatherTech Raceway Laguna Seca, in an effort to bring positive attention within the community, welcomed members […]
Santa Cruz, CA…Santa Cruz County Bank (OTC: SCZC), with assets over $1.5 billion, is a top-rated community bank headquartered in Santa Cruz County. Today the Bank announced record unaudited earnings for the first quarter ended March 31, 2021. Net income for the quarter was $5.8 million, an increase of $1.4 million, or 32%, over the same period in 2020. Santa Cruz County […]
