Archive | Subscribe | Printer Friendly | www.calrental.org | ||||||||||
Rental Center News
Thank you to all who participated in the 2018 Rental Rally, making it a huge success. A special THANK YOU to our sponsors: Platinum Level Sponsor: JCB, Inc.; Gold Level Sponsors: Chicago Pneumatic Tools, EPIC Insurance Services and Skyjack, Inc.; Silver Level Sponsors: Barreto Manufacturing, Inc., H. G. Makelim Co. and Kubota Tractor Company; and Bronze Level Sponsors: American Pneumatic Tools, CPEE Sales, Electric Eel Mfg., Rainier Industries, Wacker Neuson Corp., and The Woodward Group.
Thank you to all our sponsors who helped make our show possible!
The California Labor Commissioner recently ruled that drivers for Pacific 9 Transportation were misclassified as independent contractors and ordered the company to pay $6.9 million in back wages. Also in California, the 9th Circuit Federal Court in 2015 approved a $228 million settlement against FedEx for misclassifying more than 2,000 California Fedex Ground drivers. The state of Wisconsin just announced that it found 8,613 misclassified workers at Wisconsin companies in 2016.
Vendor News
Business News
The California Chamber of Commerce this week announced its positions on a number of initiative proposals that have not yet qualified for the ballot. The CalChamber Board of Directors has taken positions on the following initiative proposals:
• People’s Initiative to Protect Proposition 13 Savings—Support. • California Care Act—Oppose. • California Schools and Local Communities Funding Act of 2018—Oppose. • Affordable Housing Act—Oppose. • Fair Pricing for Dialysis Act—Oppose. • California Consumer Privacy Act—Oppose.
Senator John Moorlach, California State Senate, 37th District, recently released this report, which was posted on foxandhoundsdaily.com.
Which California cities are in financial distress and which are sound? I am releasing the first edition of my new report, "Senator John Moorlach Ranks California’s 482 Cities for Financial Soundness." The report examines the audited finances of the state’s 482 cities. Specifically, it looks at each city’s Comprehensive Annual Financial Report, and the per-capita share for a city’s Unrestricted Net Position, or UNP. A negative UNP shows a city has fiscal concerns that city officials should be aware of. If they are not aware of the problem, this is a useful tool for the city residents to hold their elected officials accountable.
U.S. production of crude oil grew 5% in 2017, reaching 10 million barrels per day in the last two months of the year. The annual average U.S. crude oil production grew by 463,000 barrels per day (b/d) in 2017 to 9.3 million b/d after declining by 551,000 b/d in 2016. In November 2017, monthly U.S. crude oil production grew 1.2 million b/d year-over-year and reached the highest level of production in U.S. history, surpassing 10 million b/d, a level last reached in 1970. U.S. crude oil production has increased significantly over the past 10 years, driven mainly by production from tight rock formations using horizontal drilling and hydraulic fracturing. The U.S. Energy Information Administration (EIA) projects that U.S. crude oil production will continue growing in 2018 and 2019, averaging 10.7 million b/d and 11.3 million b/d, respectively.
Calendar
CRA UPDATE
Thank you to all those who take time to participate in our surveys. CRA utilizes the information we gather to better serve you. If you have an idea for a survey for CRA members, please send your request to CRA at Info@CalRental.org for consideration. This month, we surveyed members about fuel tanks.
|
||||||||||