November 26, 2018
Orange County
Voice of OC: County buying 600-bed homeless shelter building in Santa Ana
The purchase is expected to be finalized by the end of February, county officials said. If the sale goes through and the new shelter opens, it would be the largest homeless shelter in Orange County.
OC Register: High surf, rain coming to Southern California
A beach hazard statement, which is slightly less serious than a high surf advisory, will be in force along the L.A. and Orange County coasts from Tuesday afternoon through Friday evening, according to the NWS.
OC Register: Homebuying drops 13% for inland South County: What cities got hit hardest?
It was the slowest-selling third quarter in four years for Orange County’s housing market, as buyers balked at high prices and expensive mortgages while homeowners and builders boosted the supply of residences for sale.
OC Register: Anaheim signs deal to keep Ducks, develop land around Honda Center
Anaheim Arena Management by Henry Samueli, which has run the 650,000-square-foot Honda Center since 2003, now has a contract to stay on through 2048, with extension options that could go another 25 years.
OC Register: Southern California pay hikes slow to 3% a year, as inflation eats at gains
These modest gains for local paychecks are a bit of a head-scratcher. There were promises made that a federal corporate tax cut would be well-shared with the rank and file. And for those who did get a raise, growing inflation has dulled its buying power.
Labor
Labor 411: Bankrupt Sears wants to give execs $25 million in bonuses as it halts employee severances
Three top executives could get nearly $1 million each if the company goes out of business. If Sears remains in business, they could get nearly $500,000 each for hitting the top performance targets.
OC Register: GM to slash up to 14,000 jobs in North America; 5 plants may close
The reduction includes 8,100 white-collar workers, some of whom will take buyouts and others who will be laid off. Some U.S. factory workers could transfer to truck or SUV factories that are increasing production.
Publication Date: November 26, 2018
