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Economy - page 3

California gas prices second highest in country

in Economy

While a third of the country’s states saw gas prices decrease over the past weeks, California is one of only 10 that posted increases at the pump.

Hawaii ($3.21) and California ($3.14) remain the most expensive markets in the country, according to AAA gasoline analysts. Washington ($2.79), Oregon ($2.66), Nevada ($2.64), Alaska ($2.52) and Arizona ($2.35) follow.

“During the last month, demand has averaged about 8.6 million b/d while, gasoline stocks have steadily declined,” said Jeanette Casselano, AAA spokesperson. “Week by week, we are seeing mostly regional fluctuation at the pump based on gasoline supply and demand.”

At 8.6 million b/d, the Energy Information Administration (EIA) measures demand at a 1% decrease week-over-week, 9% increase month-over-month and a 6% decrease year-over-year. Meanwhile, gasoline stocks measure at a 1% weekly decline, a 3% decrease month-over-month, but a 7% increase compared to last year.

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Turlock farmers market celebrates opening day

in Economy

As businesses throughout Turlock begin to reopen with precautions during the coronavirus pandemic, one of the community’s favorite places to gather and shop returned to Main Street on Saturday with the new season of the Turlock Certified Farmers Market.

The downtown market filled with locally grown produce and handcrafted goods typically opens during the first weekend of May, but stay-at-home orders throughout the state forced the TCFM Board to postpone the outdoor shopping event until June. It was TCFM Board President Brandon Follett’s hope that despite nearby markets starting back up at that time, a later opening date would put TCFM in step with other downtown businesses as they were slowly allowed to reopen.

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Turlock advisory committee recommends sales tax, public safety restructuring

in Economy/People

Economic crisis is now a reality for the City of Turlock and as City Council members look for a way out, a citizen advisory committee is offering a roadmap of possibilities that could lead to not only financial solvency, but a brighter future for the City as well.

In January, the Turlock Community Priorities Advisory Committee was created to look at policy-level changes and priorities over the next one to five years that could stabilize the General Fund, identify priorities for services and service standards to guide the City Council in making near-term reductions or deferrals of City services and provide guidance on potential new revenue sources.

The group was led by Legacy Health Foundation CEO Jeffrey Lewis and made up of a group of business owners and leaders, financial experts, representatives from the Turlock Unified School District and Stanislaus State and at-large community members with at least one from each Council district chosen by former Interim City Manager Michael Cooke.

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‘A little bit of normalcy’ | Stanislaus County flea markets are making cautious comeback

in business/Economy

TURLOCK, Calif. — After being closed for six weeks, the Turlock Flea Market is joining other markets in the county by reopening their doors.

Back in March, the market, which has been going since the '30s, closed for the first time since World War 2, according to David Linn, manager for the market.

"The why is pretty self-explanatory," said Linn, referring to the coronavirus pandemic.

While the market was categorized as a farmers market and didn't have to close, Linn said it came down to the cons outweighing the pros. They didn't want big crowds at their market to be a source of spread for the virus.
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Getting back to normal? Stanislaus County sees a surge in coronavirus infections

in Economy/People

Stanislaus County has trailed behind other areas marred by the coronavirus, and now infections are increasing in the county and its nine cities.

In the past week, county public health reported 68 new cases of people sickened by COVID-19, after the county caseload had remained under 100 for a month.

Since a shortage of supplies limits testing to those with worsening symptoms, it means 24 more people in Modesto wrestling with the dangerous respiratory illness and capable of spreading it to others. Ceres and Turlock had 10 and 8 new cases, respectively, and the unincorporated area had 9.

Continue Reading on The Modesto Bee

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IRS slow to tell taxpayers how to get stimulus checks: People ‘need these payments ASAP’

in Economy

The Internal Revenue Service has not released information on how people should prepare to get the checks Congress promised when it passed a $2.2 trillion economic stimulus package last week.

The IRS says it will deposit your stimulus check to your bank account or mail it to your address based on your 2019 or 2018 filed tax return. But if you need to change or update your information – ensuring you’ll receive it sooner and in the right place – they have no answers on how to fix that yet.

The checks should be $1,200 for most adults and $500 for most dependents. At the section of the IRS website meant for coronavirus updates, which the IRS has directed people to visit, it specifically says there is no new information on the checks.

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Coronavirus hits home for renters, landlords alike

in business/Economy

The coronavirus pandemic has affected nearly every facet of everyday life, leaving many renters, landlords and property management companies uncertain about the future.

At Stanislaus State, where in-person classes have been cancelled, students looking to move back home are flocking to social media messaging boards in an effort to find prospective tenants to take over their leases. Student Priyanka Chand has already moved back to her home in Stockton, she said, but is still responsible for paying $890 per month for her master bedroom in a shared student apartment at The Vista until the end of July.

“Because classes have converted online, there was really no point for me to stay there any longer because there’s no reason to be on campus,” Chand said. “I’m trying to get out of my lease, but management has been very uncooperative.”

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Public life comes to a halt under threat of coronavirus

in Economy/Health

In just a matter of days life in Turlock and the rest of the country changed dramatically because of COVID-19.

Schools, government offices, churches, movie theaters, bars, restaurants, shops, and other businesses have either closed or drastically changed their operations in a collective effort to keep COVID-19 cases from spiking to a level that could overwhelm the healthcare system.

People over 65 and those with underlying medical conditions have been advised to shelter at home, but health officials have stressed that it will take a combined effort from everyone to slow the spread of the virus.

“We are asking every single American, no matter what your generation from Z to X and millennials in between to really ensure that you are following these guidelines,” said Dr. Deborah Birx with the U.S. coronavirus task force during a press briefing at the White House. “We hear every night of people who are not in work moving that time into bars and other areas of large gatherings. If we continue with that process, we will fail at containing this virus. Every single generation has a role to play.”

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Coronavirus impact: San Francisco bars, restaurants feel effects from COVID-19 concerns

in Economy/Health

SAN FRANCISCO (KGO) -- Concerns over the novel coronavirus, paired with San Francisco's new public health orders, are affecting bars and restaurants across the city.

Some people are celebrating the St. Patrick's Day holiday this weekend.

Turlock resident Vans Codrington goes to San Francisco on St. Patrick's Day Parade every year with his friends. Since it was canceled, they still decided to head out for a day in the city.

"Celebrating St. Patrick's Day with my friends -- people I love -- and we do it every year, so we decided to it anyway," Codrington said.

There was no hesitation or concern from his group of friends. "We're smart, we're adults, we know what we're supposed to do. As long as you're cautious and understand what's happening, it shouldn't be a deterrent to do anything else," Codrington said.

Continue Reading on ABC 7

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L.A. & California Economy Strong, But Might Take Small Hit from Coronavirus

in Economy/Health

California and Los Angeles County are forecasted to enjoy moderate yet sustained growth throughout the next two years, according to a Los Angeles County Economic Development Corporation forecast released on Feb. 19. Production slowdowns over the coronavirus outbreak, as well as entrenched issues such as housing and the cost of living in Los Angeles, are threatening growth.

California’s gross domestic product is forecasted to grow 2.0 percent in 2020 and 1.6 percent in 2021, according to the forecast. Los Angeles County’s gross domestic product is forecasted to grow 1.8 percent in 2020 and slow down to 1.6 percent in 2021. The 10-county Southern California region is forecasted to grow at 1.8 percent over the next two years.

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