California Essential Week Review: Goodbye Staples, Hello Crypto

Hello and welcome to the Essential California newsletter. He is Saturday 20 November.

Here’s a look at some of the best stories from the past week.

Prepare for the vacation rush. Thanksgiving is shaping up as the busiest travel time since the start of the pandemic, with around 2 million people expected to transit through Los Angeles International Airport. But the growing crowds also bring new dangers of coronavirus.

Goodbye Staples, hello Crypto.com. Downtown Los Angeles venue formerly known as Staples Center to be renamed for 20 years under a $ 700 million contract between the Singapore cryptocurrency exchange and AEG, the two sides announced on Tuesday.

Gas prices are climbing to record levels. California gas prices hit an all-time high on Monday as the average price of a regular gallon climbed to $ 4,682. President Biden urged Federal Trade Commission to investigate possible illegal driving in the US gasoline markets.

A surplus will test a legal spending limit. Higher than expected tax revenues have given lawmakers extra money. But when state officials draw up a new budget next spring, they might find that the spending limit controls the use of everything but a few billion dollars of the surplus.

As the drought persists, Californians are “backsliding”. State water regulators urged Californians to do more to conserve water after latest monthly data showed a conservation delay in September.

UC and its speakers resolve their dispute. A massive two-day strike that threatened to cancel large-scale classes was averted Wednesday morning after the union and the university concluded an agreement in principle on a contract.

While Garcetti waits, senators examine the allegations. More than four months after Los Angeles Mayor Eric Garcetti was announced as Biden’s choice to become U.S. Ambassador to India, the mayor is still waiting for a hearing and vote before a key Senate committee.

The search for lithium at the Salton Sea. Australian company to tap into an underground reservoir of superheated salt water to produce renewable energy – and lithium, a key ingredient in electric car batteries – after years of hype and headlines.

A woman from OC fought to sleep in the park and won. It’s a striking illustration of a system which leaves homeless people in Catch-22 situations, with no clear way to have a roof over their heads as officials in many cities intend to drive them out.

How Much Infrastructure Money Will California Receive? President Biden on Monday signed a historic $ 1,000 billion bipartisan bill he said will revamp the nation’s infrastructure. The state should obtain funds for forest fires, public transportation, drinking water and more.

ICYMI, here are the good readings of this week

A black man opened an art gallery in South LA – then was called a gentrifier. Terrell Tilford opened Band of Vices in the neighborhood where he grew up and features local artists. But art galleries have become polarizing institutions, and it faces the threat of backlash from residents who see any renewal as a step towards withdrawal.

Trampoline parks are top to bottom and top to bottom. Fill a 20,000 square foot warehouse with trampolines and hope to attract enough paying customers to exceed rent, maintenance, payroll and insurance claims. It turns out that the premise turned out to be popular and surprisingly profitable – at least until the pandemic.

Benefits like never before: Employers make every effort to prevent their employees from joining the exodus known as the Great Resignation, spurred by a pandemic that has changed the way people approach work. Signing bonuses increase, work weeks decrease and benefits continue to flow.

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Today’s weekly newsletter was hosted by Laura Blasey. Please let us know what we can do to make this newsletter more useful to you. Send your comments, complaints and ideas to [email protected]

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