When you look at fast growing private companies in the U.S., you need look no further than a small city next to Los Angeles International Airport.

Steve Julian: Business analyst Mark Lacter, tell us about the company that's based in El Segundo.

Mark Lacter: It's called Fuhu, Steve - that might ring a bell with some parents because Fuhu is the maker of the Nabi.  The Nabi is an Android tablet for kids, and it's a very cool device that mimics a lot of the capabilities of regular tablet, including the ability to play games and get onto the Web (with controls that parents are able to set up).  Last year, they sold 1.2 million Nabis, and that helped push the El Segundo company to the very top of Inc. magazine's list of fastest-growing businesses.  That's number one on a list of 5,000 companies, with a three-year growth rate of 42,148 percent.  Or, to put it another way, company revenue was $279,000 in 2009; it was almost $118 million in 2012.  Now, by the standards of an Apple or a Samsung, those are still not huge numbers -

Julian: - and maybe that explains why there's been relatively little media coverage of this company.

Lacter: It might also explain why local tech companies in general get short shrift.  Many of them are quite successful, but they're often on the small side, and they're also privately held as opposed to publicly-traded on a stock exchange.  That's one big difference from Silicon Valley, which has so many huge public corporations: Apple, Intel, HP.  L.A. County has only six Fortune 500 companies, and not a single one devoted solely to technology.  In Silicon Valley, there are 22 in the Fortune 500.

Julian: And yet, the L.A. economy has more than held its own without those large corporations.

Lacter: Matter of fact, the accounting firm PriceWaterhouse studied more than two dozen cities around the world to determine where it was easiest to do business (that's based on factors like access to labor), and what they found - somewhat surprisingly - was that L.A. ranked ahead of both San Francisco and Tokyo.  And, you can see evidence of that with the increase in venture capital money coming into all parts of L.A.  Now, it's important to keep an eye on all these up-and-coming companies because these businesses are helping generate higher-wage jobs.  And, for an area with a still-high unemployment rate - still over 10 percent in some places -- that's a big deal.

Julian: Speaking of companies, does anyone want to buy the L.A. Times?

Lacter: The answer is yes - most recently, the controlling owner of the Dodgers, Mark Walter, said he was interested in both the Times and the Chicago Tribune (though there's no way to know whether there are actual discussions taking place).  You also have several local groups, including one that involves billionaire Eli Broad, that have been interested to one degree or another.  But what was thought would be a fairly straightforward auction process has turned enormously complicated.  It's now to the point where the Tribune board has decided spin off the papers into a separate business, and that process will take until next year to complete and could preclude any sales for quite some time after that.

Julian: So, it's Limbo-land for the Times for who knows how long.

Lacter: Steve, it's not that Tribune really wants to keep the newspapers.  But, selling them off presents huge tax implications.  Also, there are assets that the potential buyers thought would be part of the package - assets that include real estate - that Tribune wants to hold onto.  So, what's left to sell are just the newspapers themselves, and frankly, they're among the least valuable properties.

Julian: Now, last week came word that the billionaire Koch brothers, who were believed to be interested in the Tribune properties, decided not to pursue a deal...

Lacter: ...that's right, they don't consider the Times or the other dailies to be economically viable.  You might recall a bit of an outcry over the prospect of having the Kochs, who are staunch conservatives, becoming the owners of these papers.  So, they're out of the picture.  But for the L.A. Times, it's really the worst of all worlds: no new owner and no vision for recasting the paper, at least in the near term.

Mark Lacter writes for Los Angeles Magazine and pens the business blog at LA Observed.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.

The partial federal government shutdown is one week old, but economists are still saying that its impact in Southern California and elsewhere will be limited.

Susanne Whatley: Business analyst Mark Lacter, why is that?

Mark Lacter: If you look back on the history of these things, Susanne, you see that the disputes are resolved before too much damage gets done.  As for Southern California, I notice that KPCC's Alice Walton was asking around over the weekend about the shutdown, and most folks gave it a shrug.  The regional economy is just too diversified - and not especially tied to federal employment.  You have about 46,000 federal workers employed in L.A. County in one capacity or another - that's out of a workforce of nearly 5 million.  And, now it appears as if the federal employees who have been furloughed are going to receive their back wages whenever the shutdown finally ends.

Whatley: That still might make things dicey when it comes time to pay the monthly mortgage...

Lacter: ...but at least money will be available before most folks run into serious liquidity issues.  That's what the shutdown really comes down to - inconvenience rather than dislocation.  And, you see this with the various government services affected: the E-Verify website is down - that lets business owners know whether the people they're wanting to hire can work legally in the U.S., which obviously is important.  The Small Business Administration has stopped processing loan applications, and the Federal Housing Administration is reporting delays in its loan processing, which could mean a home buyer might not complete his or her paperwork all that quickly.

Whatley: But, what if this were to go on for months?

Lacter: Well, then it would create problems, but nobody really thinks that's going to happen.  The real issue, not just nationally and regionally - but globally - is the refusal by Congress to raise the debt ceiling.  The deadline is a week from Thursday, and - of course - there's been all sorts of debate about what this would mean for the economy.

Whatley: All right, so what would this mean for the economy?

Lacter: Well, no one knows exactly.  But, then again, no one knows exactly what would happen if you fell out of a airplane without a parachute.  I just wouldn't want to test it out.  And, of course, let's keep in mind that these are manufactured crises - not reflective of anything that's going on with the real economy.  It's certainly not reflective of anything that's going on in L.A., which saw a big jump in payroll jobs for 2012 - actually it was the sharpest increase since 2005, and nearly double the national rate (that's despite an unemployment rate that remains very high in certain parts of Los Angeles).

Whatley: What about some of the big locally based companies?

Lacter: Well, if your company is publicly traded, there's a good chance your shares took a dip these past few days.  Going back to September 18, the Dow has lost almost 700 points, which - percentage-wise - is not very much, but it is reflective of how uneasy Wall Street has become.  Public companies based in the L.A. area are taking it on the chin - Disney, Amgen, Mattel, DirecTV - their stock prices are all down going back to the middle of September.

Whatley: Even so, hasn't this been a good year for the stock market?

Lacter: It has - those local companies are up anywhere from 13 percent 30 percent year to date, and the Dow is up 14 percent year to date.  Of course, the stock price of a company doesn't always match the amount of money it makes, and this year, even before worries about the debt ceiling, the numbers haven't been as good as they should be at this stage of a recovery.  And, that's why there's particular concern about next week.  You do have to wonder whether a default could have ripple effects involving trade, consumer spending, the dollar - who knows what?  Now, it's still a pretty good bet that saner heads will prevail, although there are no guarantees - and again, if worse came to worse, do you really want to be jumping out of that plane?  Guess we'll find out.

Mark Lacter writes for Los Angeles Magazine and pens the business blog at LA Observed.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.

The news seems better on Tropical Storm Isaac and its potential threat to next week's events. However, from network news, you'd never know it mattered much if the storm damaged other countries or American cities outside Tampa. Isaac coverage is a wonderful example of how we as journalists care so much about something when we'll personally be affected.

Monday morning at 10 we begin our live coverage from the convention. Patt Morrison will follow at 11 with an hour of regular talk programming. I'll be back at 1 p.m. for another hour from Tampa, followed by Patt at 2.  We'll follow this schedule for the days of the convention, Monday through Thursday.

Patt will make her way to Charlotte, North Carolina for the Democratic Convention the following week. It will be fun to compare the cultures of the two conventions, aside from the platforms and PR spin we'll be exposed to for two straight weeks.

This content is from Southern California Public Radio. View the original story at SCPR.org.

Larry Mantle interviews Tom Brokaw at the 2012 Republican National Convention.; Credit: Lauren Osen/KPCC

Our trip to the RNC in Tampa is coming to a close, but we’ve spent time with so many interesting people that our memories will stay strong.  We hope you’ve enjoyed the photos, tweets, and blog postings that have expanded our coverage beyond what we provide live on the air two hours a day.

This is the first political convention where KPCC has used multiple ways of bringing you here without time off from work or having to take a plane ride.  There are many great stories to tell and people to share.  We trust our photos give you a more complete sense of how much goes on at a massive convention like this.

For KPCC journalists, it’s particularly exciting to interact with you in these new ways.  We welcome your tweets and retweets (@AirTalk), comments on our blog postings (www.kpcc.org/blogs/politics), and feedback on our “AirTalk” segment pages. 

All this helps create a real-time way to connect listeners and users of social media in one big conversation.  We hope you enjoy taking part in the convention with us, as much we enjoy sharing it with you.

This content is from Southern California Public Radio. View the original story at SCPR.org.

; Credit: John Rabe

Dear Off-Ramp fans,

What is a blog, after all? Words and images.

And what is a radio story on the web? Words, images, and sound.

Can't they live together in harmony? We say YES.

And with that in mind, we're killing the Off-Ramp blog page.  

But don't fear; we're not cutting back on content: everything that would have found a home here - Marc Haefele's art reviews, recommendations for fun events, etc. -- will now be on the regular web page of the Off-Ramp radio show. 

All the old blog entries will continue to stay on this page as an archive, like Catherine Deneuve's fading vampire lovers in The Hunger.

This content is from Southern California Public Radio. View the original story at SCPR.org.

; Credit: Illustration: Dan Carino

Read the full article at LAist

Bluefin has expanded the capabilities of its PayConex Omnichannel Gateway to support Flexible Spending Account (FSA) and Health Savings Account (HSA) payments.

Volt Lithium Corp. (VLT:TSV; VLTLF:US; I2D:FSE) says it has significantly improved the operating capacity of its next-generation Direct Lithium Extraction (DLE) technology for processing oilfield brines in Texas' Delaware Basin. Read why one analyst predicts more steady increases.

In this file photo, job seekers line up to enter Choice Career Fair at the Los Angeles Convention Center on December 1, 2010 in Los Angeles, California. Overall, the number of unemployed Californians ticked up by 1,000 over the month to nearly 1.4 million for August 2014, but the rate remained unchanged, at 7.4 percent. The national unemployment rate is down to 6.1 percent.; Credit: Kevork Djansezian/Getty Images

California's unemployment rate is unchanged for a third month, holding at 7.4 percent in August.

The California Employment Development Department reported Friday that the state added 44,200 nonfarm jobs during the month, bringing the state total to 15.5 million in August.

Last month's gains mean the state has added 1.4 million jobs since February 2010, when the jobless number hit a peak of 12.4 percent.

Overall, the number of unemployed Californians ticked up by 1,000 over the month to nearly 1.4 million. The national unemployment rate is down to 6.1 percent.

Construction posted the largest increase over the month, adding 13,600 jobs. Manufacturing, financial activities, business services, education, health, leisure and government all added jobs in August.

Trade, transportation and utilities, along with information, posted job losses of 8,300.

OpenAI is preparing to launch "Operator," an AI agent designed to automate computer tasks such as coding and travel booking. Set for a research preview release in January through OpenAI's API, Operator marks the company's foray into autonomous AI agents.

Black Box Ltd, Essar's technology arm, has unveiled an ambitious growth strategy focused on India, aiming to position itself as a strategic partner for global technology companies expanding into the region.

Food Processing Conveyor has newly redesigned leg supports for improved sanitation

Campbell Soup Co. plans to reorganize its businesses into three divisions, each headed by a president. In addition, Irene Chang Britt, president–Pepperidge Farm and senior vice president–Global Baking and Snacking, will leave the company.

Launching its own snack brand only three years ago, Simply 7 Snacks has copacked snacks for customers across the country for years.

Nutri-Bites Soy Crisps and Soy Balls from Cereal Ingredients Inc. are available in a variety of protein content and sizes.

tekmar’s Setpoint Difference Control 157 uses variable-speed pump operations to get more heat from a solar thermal system, even on less-than-ideal days.

New Grundfos President and CEO Mads Nipper is ready to construct a new era at the Danish company.

How can smaller, locally-owned home service businesses compete with larger companies for a new generation of workers? Beyond better pay and a more engaging culture, they must use technology to attract younger employees.

Think back to your own business decisions. How many were costly and should have been better? You will naturally face many more critical decisions in the future. Some of them may be minor but many of them will determine your continued success and survival!

 Many parents avoid any discussion about the facts of life with their children. Are you one of many contractors who have never clearly defined the “facts of wages” with each of your employees? 

 Many good contractors are struggling to survive America’s economic crisis and some have already lost their businesses. And far too many good employees are struggling at work as well as with finances at home.  

“Are we kidding ourselves?” Dr. Tom Krause, founder of BST and now an independent consultant, asked several  hundred safety pros at a session at ASSE’s Safety 2013. Kidding about what? Dr. Krause’s point: low OSHA injury rates are deceiving many companies into believing they have better safety performance than is really the case.

NIOSH Director Dr. John Howard gave a presentation on Tuesday on a recent study of the supply and demand for OSH professionals in the next 5 years. Demand (25,000 pros are expected to be hired by U.S. industry) far outstrips supply (13,000 college graduates in OSH will be available).

The most pressing issue facing EHS professionals in the new year, according to ISHN’s 2015 EHS State of the Nation subscriber survey, is an age-old challenge that has been reported in ISHN State of the Nation surveys since the 1980s – dealing with the safety and health attitudes and behaviors of line employees. Consider:

According to ISHN’s 2015 EHS State of the Nation subscriber survey, overall, income figures, budget resources and staffing levels, job satisfaction and job security show much more stability, and in a number of cases growth, than reported in ISHN State of the Nation surveys 5-10-15 years ago.

Most OEHS professionals think they do not have enough measurements above the limit of detection to use statistical tools to characterize exposure risks.

TyreGo.ie is now offering excellent value with their new Tyre Changer & Wheel Balancer packages.

Express Oil discusses who the Braves are considering adding to the lineup for the upcoming season. They want to remind customers of the discounts they receive when the Braves play well.

Atlantic Tire & Service, a locally owned and operated automotive care and repair center with shops in Cary, Raleigh and Durham, NC., was recognized by readers of Cary Magazine as the "Best Mechanic" in Western Wake County.

Hampton Inn & Suites Atlanta Airport Hotel (North I-85) provides affordable accommodations to guests attending the Atlanta Camping and RV Show at Atlanta Expo Center South from January 25-27, 2013.

Tegile Systems, a pioneer in primary storage de-duplication in virtualized server and desktop environments, announced today that Billion Automobile, GMC's fourth largest U.S. dealership, has implemented Tegile's Zebi Storage Array.

Increasing the value of your home with a new garage door.

Atlanta tinting company, The Tint Guy, would like to discuss some of the benefits of getting your commercial tinting done in the off season.

Wheelcare Ltd. are a supplier of garage and tyre equipment with many products on offer such as their wheel balance equipment.

For newly added discount Fisher and Meyer snow plow parts - in stock - visit www.PartsforSnowPlows.com. Lowest prices - fastest shipping!

Atlantic Tire & Service is pleased to announce two new Service Advisors who will be responsible for handling customer service needs and advising customers on recommended services when appropriate.

TyreGo.ie has recently launched its first batch of Easy Balance Balancing Compound to the website.

Accident lawyers in Atlanta, McAleer Law, know defensive winter driving is important, even in this city. The weather may be favorable most of the time, but snow and ice are not complete strangers, and practicing proper driving techniques is advised.

Sponsored by the Mothers Against Drunk Drivers nonprofit organization and billed as the "Mother of all Walks," the event will be held at the Phoenix Zoo, 455 North Galvin Parkway, Phoenix, Arizona 85008.

Salice Thomas, BEng, MS, MBA, MPhil, is a global business executive with more than 25 years of expertise in engineering and providing technological solutions across a wide range of industries

J. Martinez & Company offers an explanation of the differences between Jamaica Blue Mountain coffee and High Mountain.

The Mad Hatter Holiday Festival attracts thousands of people to the historic downtown district of Vallejo with its creative lighted and fire shooting Wonderland recreations that turns the city into a fantasy world for children and adults alike.

India recently imposed an anti-dumping duty (ADD) of up to $557 per tonne on epichlorohydrin imports from China, South Korea and Thailand for five years, the department of revenue said in a notification. The chemical is primarily used in the adhesive industry. The duty was imposed as the chemical was exported to India from these countries at prices below normal.

The US headline business activity net balance fell to 30 per cent in October from 41 per cent in June and was the lowest for two years, an S&P Global survey found. Despite this, firms were still more optimistic than the global average net balance of 24 per cent. Inflation expectations were a bit above the global average. At 37 per cent, the manufacturing net balance was the highest for a year.

Heimtextil 2025 expands its Carpets & Rugs segment with new halls and over 300 exhibitors, featuring a Belgian Textiles area by Fedustria. Highlights include a Carpet Lounge by Cover Magazine, expert talks on trends, AI in design, and sustainability, plus guided tours. The event, showcasing global innovations and partnerships, runs from 14-17 January, 2025, in Frankfurt.

Lululemon and Disney have launched a 34-piece limited-edition collection blending Disney nostalgia with Lululemon's performance and casual styles. The 'Happily Ever Active' campaign celebrates movement with ambassadors like NBA's Jordan Clarkson and Olympian Colleen Quigley. The collection is available online and in stores worldwide, featuring items like Align Tights and the Define Jacket.

October US container imports were 2,494,635 TEUs, marking the fourth month in a row of volumes exceeding 2.4 million TEUs, a threshold that has historically strained US maritime logistics, the November Global Shipping Report by Descartes Systems Group noted. For the first ten months of 2024, volumes grew by 13.1 per cent YoY. At seven of the top 10 US ports, transit time delays rose in October.