August 10, 2023

Dear Chamber Member,

The Pasadena Police Foundation is hosting its annual breakfast with Pasadena's Police Chief of Police, Gene Harris at 7:00 a.m. registration 8:00 a.m. Program, and ends at 9:30 a.m. on Thursday October 19, 2023 at NOOR Restaurant located at 300 E Colorado Blvd #200, Pasadena, CA 91101 in the Sofia Ballroom.

Download the flyer here: 

Personal Finance-How to stay safe from financial scams By Kimberly Palmer for the LA Times

One of the biggest mistakes you can make when it comes to protecting yourself from financial scams is thinking you’re too smart to be duped by one.

We try to spread the word to businesses about any incentives and grants we become aware of.

From the New York Times: U.S. Extends Job Growth Streak Even as Economy Cools-Employers added 187,000 workers in July, a slower pace than the recent norm, but “more sustainable,” one economist said.

The U.S. economy continued to generate sturdy employment growth in July, but it showed definite signs of cooling alongside the Federal Reserve’s battle to suppress inflation.

State power grid preps for heat-Officials hope more battery storage and backup resources will prevent blackouts. By Grace Toohey for the LA Times.

It’s a summertime sequence that’s become all too familiar in California: Extreme heat forces air conditioners into overdrive, which pushes the state’s power grid to the brink.

Here are this weeks shows at the Ice House:

From the LA Times: L.A. County property values rise 5.9%. Total assessments hit a record $2 trillion. Governments will get $20 billion in taxes. By Andrew J. Campa

200 people joined Pasadena Chamber Board members for the annual Inaugural Gala at the Langham Huntington, Pasadena for the installation of Chair Don Schweitzer of Schweitzer Law Partners. 

Guests enjoyed a cocktail reception with music by Art Deco Entertainment prior to the dinner and installation program. 

As different as California and Florida are, they share one big problem: Insurance companies are curtailing business in the two states. Some aren’t writing new policies. Others are going further and not renewing policies as they expire. I’m picturing vans pulling out of Sacramento or Tallahassee filled with sad-looking insurance mascots. Geico’s gecko. Jake from State Farm. The bandaged-up Mayhem from Allstate.

Inflation: from the LA Times: Inflation declines sharply to 3% in June By Christopher Rugaber

Squeezed by painfully high prices for two years, Americans have gained some much-needed relief with inflation reaching its lowest point since early 2021 — 3% in June compared with a year earlier — thanks in part to easing prices for gasoline, airline fares, used cars and groceries.