Daily Business Report: June 15, 2026
California has a top-ranked economy. It’s also one of the nation’s most unequal
By Dan Walters | CalMatters
California’s next governor — most likely former Attorney General Xavier Becerra — will inherit a raft of knotty, unresolved issues.
Some, such as the high rate of homelessness and very high cost of living, predate current Gov. Gavin Newsom. Others, such as the chronic multibillion-dollar budget deficit and stubbornly high unemployment rate, arose more recently.
A perennial question about such issues is whether they are unique to or more pronounced in California than other states. Comparisons are difficult because definitions vary and comparable data are difficult to track down.
The U.S -China Relationship in a Changing Geopolitical Landscape
by UCLA Anderson
The world economy is now in its second year of economic shocks as it adjusts to the new 21st century economic landscape. Last year, 2025, was one of tariff shocks and additional tariff change activity is expected to continue. This year, 2026, is becoming one of energy and commodity shocks that are further changing the U.S., Chinese, and world economy. In January, the U.S. military operation that removed Venezuela’s president shifted oil sales away from China and Cuba. In February, the U.S. launched Operation Epic Fury, targeting Iran’s leadership and military infrastructure to cripple its nuclear weapons capability. As a consequence, petroleum, naphtha, and natural gas supplies in the world market have decreased and the prices for these critical components of manufacturing, transportation, and agriculture have now surged. Moreover, there are continuing risks to tankers transiting the Strait of Hormuz. It is difficult to predict how the conflict with Iran will end or when traffic through the Strait of Hormuz will return to normal. By the time readers see this report, it is possible that the conflict may already be over. Nevertheless, the impact on commodity prices will persist for some time after hostilities cease. In this report, we begin by assessing the scale of the disruption to global oil supply chains and then turn to the economic outlooks for both the U.S. and China.
Harbor Island West breaks ground on long-awaited $70 million marina revitalization
by Andi Ruiz | Times of San Diego
Harbor Island West Marina has broken ground on a $70 million overhaul that’s been in the works for more than a decade.
The redevelopment is set to be completed in 2028. It would create 623 new slips and boater amenities such as a lounge, fitness center, pool and spa spanning 3.8 acres of land and 22 acres of water.
This project is a part of the Port of San Diego’s master plan to revitalize San Diego’s waterfront and modernize its infrastructure.
