Antioch is located in the East Bay region of the Marxist San Francisco Bay Area, with a population over 110,000 it’s an old town but in recent years it’s decay is fast and sharp ,in this video I’m walking some shopping centers and the most desolated downtown I have ever been to, brace yourself for this video.
Chevron Corporation announced Friday it would relocate its headquarters from its California home of more than 140 years to Texas before the end of the year.
The oil giant has often been at odds with California state regulators and politicians over fossil fuels and climate change. Last year, the state sued U.S. oil companies including Chevron, the nation's second-largest, claiming they deceived the public about the risks of fossil fuels.
Chevron CEO Mike Wirth says the company differs from California on energy policy and regulation.
"We believe California has a number of policies that raise costs, that hurt consumers, that discourage investment and ultimately we think that's not good for the economy in California and for consumers," Wirth told the Wall Street Journal.
Chevron has operated its headquarters from San Ramon, about 34 miles east of San Francisco in Contra Costa County, since 2002. It moved to the East Bay from its previous headquarters in San Francisco where it had been located since 1879 with the incorporation of the Pacific Coast Oil Company.
Chevron will now be headquartered in Houston, where it already has several thousand employees. In 2022, Chevron sold its sprawling San Ramon campus and began moving workers to its Houston offices, saying at the time it would keep its headquarters in California.
(Armand's Rancho) If there was ever an excellent decision I've ever made in life, moving out of California has to top the list.
Until early 2018, I lived in the Los Angeles community of Tarzana in the San Fernando Valley.
It has been reported that Los Angeles has become the first major U.S. city to reach a $6.00 average for gasoline.
According to Fox 13 Seattle:
LOS ANGELES - Los Angeles on Tuesday became the first major city in the U.S. to reach an average gas price of $6 or more.
That's according to fuel savings platform GasBuddy, which reported the national average gas price in the U.S. beginning to decline since its peak of $4.35 per gallon on March 10.
However, that doesn't apply to California, where gas prices have continued to soar.
Gas has risen steadily in the past few weeks due to rebounding oil prices amid the ongoing Russia-Ukraine war, but also recent refinery issues in Southern California amid a rise in seasonal demand.
GasBuddy says California also typically has some of the highest gas prices in the country because of high gas taxes and its cap and trade program, which assesses a premium based on emissions.
High gas taxes: Enacted by liberal Democrats.
Cap and trade: Enacted by liberal Democrats.
Who has a total stranglehold control of the California government? Liberal Democrats.
It appears the people of California got the government they wanted and deserve. They voted for liberal Democrats. This is the price the have to pay. You wanted your high prices, you got 'em!
Well, enjoy yourselves!
To read more, go here.
(CNN) - When Gov. Gavin Newsom announced a second statewide lockdown in early December, businesses across California braced for more economic hardship.
Bye Bye Jobs
SAN ANTONIO – Pabst Blue Ribbon has chosen downtown San Antonio over busy Los Angeles for its headquarters.
The San Antonio Economic Development Foundation (SAEDF) confirmed Thursday PBR is moving its headquarters from LA to its Houston Street location.
PBR has operated in San Antonio for years, with about 60 or so employees, according to the SAEDF.
The headquarters are looking to hire up to 25 extra employees in the next few months and is expected to have more than 115 once fully staffed.
Currently, we’re told the company is in the Rand Building and is hiring.
The San Antonio Economic Development Foundation provided us with the following statement.
“San Antonio is ideal for headquarters. We have a culture and economy where professionals have a unique opportunity to build wealth and actually enjoy it, making San Antonio a very attractive city to live in. Pabst's 2019 move to The Rand reflects the company’s affection for downtown San Antonio’s creative energy and speaks volumes about our creative and collaborative business culture—it sends the message that our region is where companies need to be.”
(NBC) - California embattled unemployment benefits agency said Wednesday it has cleared about 246,000 of its more than 1.6 million backlogged claims following a two-week “reset” where it stopped taking new applications so it could improve its technology.
But the agency said it would be January before it clears the backlog, frustrating state lawmakers who questioned the agency's director during a legislative hearing on Wednesday. Sharon Hilliard, executive director of the Employment Development Department, said some people have been waiting as long as five months to get benefits.
“To be honest it’s very hard for us to tell our constituents that we have 100 percent certainty that this will be resolved in the next couple of months given the track record,” said Assemblyman David Chiu, a Democrat from San Francisco.
Hilliard said it will take that long to clear the backlog because “the work is very complex and complicated.”
That Sinking Feeling
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(Zerohedge) - A new report confirms what we've been talking about since the early days (read: here) of the virus pandemic, that is, an exodus out of major cities.
According to real estate analytics company Zumper, the exodus, out of San Francisco has been so great, that the median rent for a one-bedroom apartment collapsed more than 20% in September from a year ago to $2,830. Month over month, September rent for a one-bedroom apartment in the city fell by 7%.
Referring to the plunge in rent prices in San Francisco, Zumper said:
"Not only is this drop among the largest yearly decreases Zumper has ever recorded in our history of tracking rental prices, but it was also the first time the median 1-bed price in San Francisco was priced below $3000. These combined trends show just how drastically the market has changed in the nation's most expensive city to rent."
Zumper CEO Anthemos Georgiades, who was quoted by CNBC, said a flood of supply is hitting the market:
"Some renters may be inclined to move to the suburbs to get more space, as the Covid-19 pandemic spurred companies to close offices and allow employees to work from home. Facebook and Google, for example, have told employees they can work remotely at least through next summer," Georgiades said.
The virus-induced downturn, resulting in the collapse of small businesses citywide, the decimation of low-income households, and high-unemployment, is forcing many folks across the metro area to downsize or move to less expensive areas. He said wildfires and hazardous air conditions were some other reasons for "tipping the balance about their medium-term location choices."
Social unrest and the rise of violent crime have made many folks uncomfortable about raising a family in the dangerous metro area. Many are moving to rural communities of the Bay Area, from Marin County to Napa wine country and south to Monterey's Carmel Valley.
Georgiades said it could take years for San Francisco real estate to heal from its pandemic wounds
Newsome Drags California To Hell
(Houston Chronicle) - Another 870,000 Americans sought new unemployment benefits last week, as the pandemic’s economic impacts continued to spread pain.
More than 230,000 claims were in California, which now has stopped accepting new applications for two weeks while it revamps a struggling benefits system — a change that is likely to temporarily skew the state’s job-loss numbers.
Besides regular claims, 630,080 people applied for new pandemic benefits for self-employed people, including 99,824 in California, according to data released Thursday by the Department of Labor.
California claims for the week accounted for more than a quarter of the national totals — far beyond the state’s 12% share of the U.S. population, which economists attribute to the state’s early and prolonged shutdown, as well as its heavy reliance on travel and tourism.
California has 1.6 million pending claims that it will not resolve until late January, according to the report, which said the backlog is now growing by 10,000 claims a day.
“EDD has failed the people it serves in almost every imaginable way,” said Assemblymember David Chiu, D-San Francisco, in a statement.
Marxist Democrats Demand You Live in Poverty
(Sacramento Bee) Randy Karr isn’t sure how soon he’ll be able to reopen the doors at California Family Fitness. All he knows is that being forced to operate a health club chain outdoors — under tents, in parking lots — has made his business suffer.
The same goes for his employees, too: 1,000 of the Orangevale chain’s 1,100 employees remain furloughed as Karr struggles to navigate Gov. Gavin Newsom’s sometimes-confusing guidelines for reopening the California economy.
“There’s just so many inconsistencies,” Karr said.
Labor Day weekend found California’s job market still at the mercy of COVID-19. The state’s economy remains mired in double-digit unemployment more than six months after the coronavirus pandemic prompted the first stay-at-home orders and wiped out millions of jobs.
Even as the national economy shows fresh signs of improvement, Californians are still heading to the unemployment rolls in alarming numbers.
On Thursday, the federal Labor Department reported that 236,784 Californians filed initial claims for unemployment benefits during the week ending Aug. 29. That compared to 196,916 new claims in California the week before.
. . . . layoffs are still occurring as a result of Newsom’s mid-July decision to roll back much of the reopening of the economy during a worrisome spike in COVID-19 infections. Health clubs were among those businesses that could no longer operate indoors.
“The main factor is the renewed lockdown,” Bernick said.
MILLIONS PEACEFULLY PROTEST COVID RESTRICTIONS
