Daily Business Report: Wednesday, November 19, 2025
Balboa Park Parking Won’t Bring in as Much Money as Expected
By Mariana Martínez Barba | Voice of San Diego
Ahead of Tuesday’s vote on parking passes for Balboa Park, a staff report says the paid parking plan could result in a budgetary shortfall of $9.6 million.
Excluding zoo parking fees, city staff now believe paid parking could bring in $2.9 million from January, when the city plans to begin charging, to the end of the fiscal year on June 30. It’s unclear where negotiations with the zoo stand.
That’s a significant decrease from earlier estimates.
More housing on the California coast? Changes at this agency signal a pro-building shift
By Nadia Lathan | CalMatters
Bone-colored bluffs and jagged cliffs line the Monterey shoreline where chalky sand meets redwoods.
Its rugged coastline, including beloved destinations such as Big Sur, is well-known California iconography protected by the California Coastal Act for nearly 50 years.
In a push to address the state’s gripping housing crisis, the California Coastal Commission last week approved a rule change to make it easier to build affordable housing in Monterey and elsewhere along the hundreds of miles of the Pacific coast.
Weakness Persists in U.S. and California Economies, with Recovery Not Expected Until 2026
By UCLA Anderson Forecast
Since the June release of UCLA Anderson Forecast’s second quarterly report of 2025, the national economy has endured several inflection points that now inform its subsequent third quarterly economic forecast. First, the labor market deteriorated notably, marked by a decline in payroll employment in June. The inflationary trend pivoted to a rising trajectory. Finally, Federal Reserve chairman Jerome Powell signaled a change in monetary policy. In what is referred to as the “Powell Pivot,” the Federal Reserve’s focus has shifted to a stronger emphasis on its employment mandate relative to its inflation mandate.
As a result, this latest forecast comes at a time when more extreme economic scenarios are possible; and, while they do not manifest in the current baseline outlook, they are plausible enough to mention and monitor. The risk of rising layoffs’ leading to a recession is now a tangible possibility. Even if a recession is avoided, the current pivot toward monetary easing sets the stage for what the Forecast anticipates will be a “stagflation-lite” regime, marking a period in which both inflation and unemployment remain modestly elevated. Finally, should the current administration’s attempt to undermine the Federal Reserve’s independence succeed, a full-blown stagflation scenario becomes a more significant risk.
