U.S. National Parks Lost Millions During Partial Government Shutdown

The absence of an appropriation bill enacted the Antideficiency Act which forces non-essential government operations, including the National Parks Service, to stop during the shutdown. The National Parks Conservation Association reports the Department of the Interior were able to employ just under 3,300 of the 20,000 NPS employees as “essential staff” to keep National Parks

Is the Commuting Price Right?

What could be worse for Inland Empire commuters than the daily, lengthy drive into Los Angles? Having to pay a per-mile tax on that ride. With the LA County Metro Transit Authority considering a congestion tax, we performed an analysis to predict the cost of Inland Empire workers commuting to Los Angeles. No matter how

Timely Tree Trims Save Lines and Lives

When California SB 901 was passed last September instituting a variety of wildfire-related measures, it was met with mixed reactions. The bill’s detractors saw it as a bailout for large utilities such as Pacific Gas & Electric (PG&E), who are able to pass off some their liability in starting wildfires to ratepayers in the form

Are the Midterms Responsible For the Stock Market Decline?

Over the last few months, we seem to have witnessed a strong connection between political actions and the stock market. Perhaps the most important major recent political event was the 2018 federal midterm elections. Following those elections was a major stock market decline. Was the stock market decline caused by the election results? Stock prices

Energy Consumption in California: Why Population Density Matters

According to the Energy Information Administration (EIA), California ranked 48th in the country in energy consumption per capita in 2016. In fact, the average California households consumed 31% less energy than the national average. Commonly cited reasons for California’s low levels of per capita energy consumption are its raft of of energy efficiency programs as

The Melancholy of Consuming Alone

Each quarter the Lowe Institute partners with Chapman University to produce consumer sentiment indices for three nearby metropolitan areas: Los Angeles, Orange County, and the Inland Empire. The fourth quarter results—based on surveys conducted in mid-December—are in. You may recall it was a rather eventful quarter headlined by a precipitous stock market decline and a

The Rise (and Fall?) of LA’s Startup Scene

When we think about venture capital and private equity, tech, or even just the word “entrepreneur,” many of us immediately picture Silicon Valley — the land of Zuckerberg, Google, and the iPhone. Take one easy flight or embark down the I-5, however, and you’ll find what has quickly become an interesting player in California’s startup

Hyperloop: The Boring Launch

In typical Elon Musk-style, the launch of the Hyperloop tunnel, which was scheduled for for December 10, was canceled and postponed to December 18, 2018 to a new and unrevealed location. Boring Company product launch on Dec 18. More than a tunnel opening. Will include modded but fully road legal autonomous transport cars & ground

Looking Ahead: Is a Recession on the Horizon?

We are currently enjoying the second longest expansion since the end of WW II and the national unemployment rate, standing at 3.7% for October, is at a 49-year low. So why do so many professional economists believe the expansion is likely to end soon? According to a Wall Street Journal survey conducted in May, almost