Archive for January, 2010

Economy grows at 5.7% pace, fastest since 2003

Friday, January 29th, 2010

NYSEThe economy grew for a second straight quarter from October through December, posting a better-than-expected 5.7 percent annual rate, the fastest quarterly pace since 2003.

The two straight quarters of growth followed a record four quarters of decline.

Click the photo to the right to view the entire January 30th, 2010 Los Angeles Times Article

Stimulus money to spur CA high-speed rail project

Friday, January 29th, 2010

High-Speed Rail RouteOn Thursday, President Obama and Vice President Biden formally announced the projects that would receive money from the American Recovery and Reinvestment Act for high-speed rail projects.  The money will be distributed to 13 high-speed rail corridors across the country.  California won the largest share of the $ 8 Billion in economic stimulus funds for a line that will ultimately stretch from San Diego to Sacramento.  Construction of the first phase from Anaheim to San Francisco is projected to begin in 2012.  Click the photo to the left to read the entire January 30th, 2010 story from the Los Angeles Times.