Explaining Southern California's economy

In SoCal business news: Recall of third-generation Prius hybrids, thoughts on 'X-Factor', higher gas prices

Gas prices are down compared with last year, but slumping consumer confidence could dampen Thanksgiving holiday travel.

Julio Cortez/AP

A San Jose Mercury News article says gas prices in California could rise to $4 a gallon in a month.

Toyota to recall 1.9 million Prius hybrids. Toyota said it will recall its third generation Prius due to defective software that could potentially cause the hybrid system to stop working, reports the Wall Street Journal.

California gas could reach $4 a gallon in a month, according to The San Jose Mercury News.

Ten years ago, I was hooked onto reality singing competition shows. "Fame," "American Idol," you name it. I even bought Karaoke Revolution, a video game that lets you sing songs like "Baby One More Time" and gives you a score based on how well you sing it in tune. 

But these days, I don't watch "American Idol" at all. Instead, I've switched over to shows like Netflix's "House of Cards." So it wasn't a surprise to me last week when  21st Century Fox executives said ratings for American Idol and X-Factor fell short of their expectations. Then, Fox announced it was canceling talent competition "The X-Factor" in the U.S. The Washington Post weighs in on the future of other TV singing competitions. 

Not everyone one is on board with increasing tax credits for movie and film production in other states. Count New Jersey Governor Chris Christie as one of them. New Jersey's treasurer postponed a vote to award tax credits to some shows like "Mercy," saying he wasn't sure if the money was budgeted, reports The Star-Ledger.

There will be a wider discussion on the topic of how to preserve entertainment jobs in the L.A. area at event later this month sponsored by the Milken Institute and KPCC. AirTalk's Larry Mantle is moderating the event. Sign up here

What can new pilots make? Near minimum wage. The Wall Street Journal says some pilots at smaller regional air carriers make as low as $15,000 a year.

blog comments powered by Disqus