California
UCLA vs. California College Football Predictions: Week 13
The fifth common season of the Chip Kelly period is coming to an in depth.
No. 18 UCLA soccer (8-3, 5-3 Pac-12) will play Cal (4-7, 3-5 Pac-12) at California Memorial Stadium on Friday. The Bruins enter the sport as 10-point favorites coming off back-to-back last-minute losses to Arizona and USC, whereas the Golden Bears are recent off a rivalry win over Stanford.
All Bruins is making its picks for who will win, what the rating will likely be and the way the sport will play out, courtesy of Managing Editor Sam Connon and contributing author Benjamin Royer.
Sam Connon, Managing Editor
Prediction: UCLA 38, Cal 24
As attractive because it is perhaps to choose the Golden Bears on this one, I don’t suppose the Bruins will choke this one away.
UCLA has finished very nicely towards dangerous groups these previous few years underneath coach Chip Kelly – save for the Arizona recreation – and Cal is a genuinely dangerous workforce. And even throughout this present two-game skid, the Bruins have solely been upended by high-powered offenses.
The Golden Bears would not have a kind of, and Jack Plummer is way from Caleb Williams and even Jayden de Laura. Even because the Bruins’ protection has deteriorated over the previous month with out defensive coordinator Invoice McGovern, it shouldn’t quit a lot to a Cal offense scoring simply 23.5 factors per recreation.
Plummer has one of many decrease passer rankings within the Pac-12, whereas operating again Jadyn Ott has but to achieve the heights he did in nonconference play. It wouldn’t be surprising for each of them to see their numbers take a tick up, however to not the purpose the place they might actually have the ability to beat this UCLA offense in a monitor meet.
All of the Bruins have to do is maintain onto the ball and management the tempo and momentum of the sport. They’ve truly been unable to take action over the previous few weeks, so there may be some trigger for concern on that entrance.
Nevertheless, quarterback Dorian Thompson-Robinson and operating again Zach Charbonnet are bona fide superstars, and they’re sure to bounce again after final week. Thompson-Robinson, particularly, is not going to throw three picks like he did towards USC.
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The veteran quarterback and the ball-carrier within the backfield subsequent to him will as soon as once more be the engine for UCLA’s success, and so they’ll possible assist make up for one more sub-optimal defensive efficiency.
Benjamin Royer, contributing author
Prediction: UCLA 31, Cal 28
This end-of-the-season matchup brings nightmare power, not like another recreation that the Bruins have performed in 2022.
After back-to-back dwelling video games to Arizona and USC and now having to play at Memorial Stadium towards a Pac-12 backside feeder in Cal, the vibes are dangerous for Chip Kelly.
I’ll give UCLA the sting over the Golden Bears for the gamers’ sake. Dorian Thompson-Robinson and Zach Charbonnet will likely be suiting up for his or her last-ever common season contest with the Bruins.
Consistency has been a powerful theme on offense. In Westwood, the quarterback-running again duo has turn out to be fan favorites, whereas the dynamic athletes maintain real photographs at prolonged skilled careers.
Cal will maintain their very own on Friday, nevertheless. Freshman operating again Jaydn Ott might quickly be within the switch portal if the Golden Bears half methods with coach Justin Wilcox, and the budding star could also be on the Bruins’ want record when the offseason arrives.
UCLA’s finish to 2022 could have been disappointing, however the blue and gold might nonetheless earn their ninth win of their season for the primary time in eight seasons.
The Bruins want a victory to shut out the marketing campaign on a excessive be aware and emerge with momentum heading into bowl season.
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Learn extra UCLA tales: UCLA Bruins on Sports activities Illustrated
Learn extra UCLA soccer tales: UCLA Soccer on Sports activities Illustrated
California
Dow Jones stock index crosses 40,000: Good or bad for California?
The stock market’s venerable yardstick, the Dow Jones Industrial Average, just made history – crossing 40,000 for the first time.
Yes, this milestone set Thursday, May 16, is only a brief emotional victory for shareholders. Yet it can be seen as a historical milepost for the broader business climate, especially in California.
To honor the moment, the trusty spreadsheet reviewed the Dow’s 5,000-point markers and how California fared in those periods using an economic metric (California unemployment), an interest rate (the average 30-year fixed mortgage), and home prices from the California Association of Realtors.
As we begin our data-filled voyage, let’s note the Dow first crossed 5,000 in November 1995 — back when you could buy the median-priced California single-family home for $176,000.
5,000-point mileposts
Dow passes 10,000 in December 1999: It took the stock index just over four years to double from 5,000 compared with a 28% gain for California homes to $225,000 in the same timeframe. This was an era when the economy broke loose from its early 1990s slumber. California unemployment dipped between 1995 and 1999 to 5% from 7.9% while mortgage rates rose to 7.9% from 7.4%.
15,000 in May 2013: The Dow needed more than 13 years to gain 50% to hit this benchmark vs. an 85% surge for homes statewide to $417,000 in the same period. This extended gap came during the financial rollercoaster ride from the bubble period in the early 2000s bursting into a Great Recession and then the economy’s slow recovery. So, California unemployment was 9.2%, up from 5% at the beginning of this crazy period. Yet, cheap money was one salve: 3.5% mortgages vs. 7.9% in 1999.
20,000 in January 2017: The Dow took under four years to gain 33% to gain the next 5,000 while homes statewide gained 18% to $492,000 as the post-crash rebound continued. California unemployment fell to 5.2% from 9.2% as mortgage rates ticked up to 4.2% from 3.5% in 2013.
25,000 in January 2018: The Dow needed just one year to gain 25% for its next benchmark vs. a 7% gain for California homes to $528,000 as the recovery hit full stride. California unemployment dipped to 4.4% from 5.2% while mortgage rates slipped to 4% from 4.2% in 2017.
30,000 in November 2020: The index took just under three years to gain 20% vs. 32% for California homes to $699,000 in the middle of the pandemic’s business wild gyrations. California unemployment surged to 9% from 4.4% – but investors cheered historically cheap money such as mortgages hitting 2.8%, falling from 4% in 2018.
35,000 in July 2021: It took the Dow less than a year to gain 17% vs. 16% appreciation for California homes to $811,000 as the pandemic’s economic surge was in full force. Statewide unemployment fell to 7.4% from 9% and mortgages remained cheap – 2.9% vs. 2.8% in 2020.
40,000 in May 2024: The Dow took almost three years to gain 14% vs. an 11% gain for California homes to a record $904,000 in April. The economy struggles to find its new normal as statewide unemployment fell to 5.3% in April from 7.4%. But mortgages got expensive as the Federal Reserve fought and overheated economy – 7% in April from 2.9% in 2021.
Bottom line
So, the Dow is up eight-fold since crossing 5,000 just over 28 years ago. California homes are only five times more expensive.
That’s not the point, though. This stroll down memory lane reminds us that the markets typically need a solid economy for stocks or homes to appreciate. Cheap money is the icing on the cake.
Jonathan Lansner is the business columnist for the Southern California News Group. He can be reached at jlansner@scng.com
California
California continues to lead in US unemployment rate
SACRAMENTO: The state of California continues to lead the United States in the number of job losses since the start of this year, reported Xinhua, quoting a report by California’s Employment Development Department on Friday.
The unemployment rate in California, home to around 40 million residents, remained unchanged at 5.3 per cent in April for the third consecutive month, maintaining the highest level in the country.
The report showed that the number of unemployed Californians was 1,027,000 in April – down by 5,900 from the previous month and up 164,700 year on year.
This is the second time in five months the total number of the unemployed has declined. It comes amidst sluggish job growth, with statewide employers adding just 5,200 nonfarm payroll jobs in April, a significant drop from the 18,200 jobs added in March.
According to the report, California’s employment landscape has been particularly bleak across several major sectors. Manufacturing, information, and professional and business services all experienced job losses in the past month, contributing to a less robust job market.
Meanwhile, five of California’s 11 industry sectors gained jobs in April, with private education and health services posting the largest month-over-month gain for the fourth consecutive month.
California
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Working towards a better life for all
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