Pasadena Chamber of Commerce

And they’re off, well at Santa Anita for sure. Today was the opening day of the meet. If you’ve never been, or haven’t been in a long time, take an afternoon at Santa Anita and enjoy horse racing at its best. In Pasadena the local political race begins in earnest after the 1st. It remains [...]

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According to Money & Co. Report: Private equity firm wins bidding for IndyMac 1:27 PM, December 26, 2008 A private equity firm led by former Goldman, Sachs & Co. executives is the likely buyer of IndyMac Bank, according to a report today on the Mortgage Lender Implode-O-Meter website: The winner is New York-based Dune Capital [...]

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Reports worldwide indicate a deep recession affecting the entire industrialized and industrializing world. Japan Recession Fears Reinforced by New Data By BETTINA WASSENER Published: December 26, 2008 Industrial output data from Japan on Friday intensified worries that Japan, the world’s second-largest economy, was headed for a deeper and more protracted recession than previously thought as [...]

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The New York Times reports sales during the pre-Christmas season were among the worst in a generation.  Even gift card sales were off, boding ill for sales during the post-holiday season. After a Season of Cutting, Stores Sweeten Discounts Chang W. Lee/The New York Times At Fulton Mall in Brooklyn, a Verizon store promoted a [...]

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The New York Times certainly doesn’t think the Paulson Bailout Plan is headed in the right direction. In fact, the Times’ Blinder doesn’t see much direction at all… http://www.nytimes.com/2008/12/21/business/economy/21view.html?_r=1&ref=business Economic View Missing the Target With $700 Billion By ALAN S. BLINDER Published: December 20, 2008 “First you say you do, and then you don’t. And [...]

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Economic news today isn’t brightening up the Holidays in California. From the L.A. Times: http://www.latimes.com/business/la-fi-caljobs20-2008dec20,0,379309.story California posts 8.4% jobless rate, third highest in U.S. Email Picture Christine Cotter / Los Angeles Times Jean Battalia at her home in Long Beach. Battalia, who lost her job as director of a substance-abuse treatment clinic in May, is [...]

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After the President announced he would, indeed, support the flailing big three automakers, the Star-News talked with John Symes, long-time east Pasadena Cadillac franchisee. J.S. seemed to appreciate the bailout but also sees it as a three month reprieve, a life preserver not a lifeboat. http://www.pasadenastarnews.com/ci_11274411 Bush signs 17.4 billion auto industry bailout By Kevin [...]

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From this morning’s LA Times a report that Art Center auto design grads are not easily finding employment. Industry woes leave car students stranded Email Picture Lori Shepler / Los Angeles Times An electric car called Stellara, designed by student Julius Bernardo, is displayed at the Art Center College of Design in Pasadena. Few are [...]

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The New York Times reports that oil drilling projects are slowing as the price of gas falls. Big Oil Projects Put in Jeopardy by Fall in Prices By JAD MOUAWAD Published: December 15, 2008 From the plains of North Dakota to the deep waters of Brazil, dozens of major oil and gas projects have been [...]

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You can get the Grow Your Community, Shop Local flash for your web site. Copy the html code at http://www.pasadena-chamber.org/flash.htm

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