March 6, 2014 |
LONDON -- The European Union has frozen the assets of former Ukrainian President Viktor Yanukovich, two of his sons and more than a dozen advisors who it says are responsible for stealing state funds. Announcement of the blacklist Thursday came as leaders of the EU's 28 member countries gathered for an emergency summit in Brussels to try to forge a tough common response to Russia's incursion into Crimea. Most of the 18 individuals affected by the asset freeze are members of Yanukovich's inner circle who were involved in the bloody crackdown on anti-government protesters in Kiev.
March 2, 2014 |
Dear Liz: We have a son who is a high school junior and who is planning on going to college. We met with a college financial planner who suggested we put money in a whole life insurance policy as a way to help get more financial aid. Is that a good idea? Answer: Your "college financial planner" is actually an insurance salesperson who hopes to make a big commission by talking you into an expensive policy you probably don't need. The salesperson is correct that buying a cash-value life insurance policy is one way to hide assets from college financial planning formulas.
February 28, 2014 |
In America you're innocent until proven guilty. But the federal government can seize your assets before trial and prevent you from using them to hire the lawyer of your choice, even though the right to counsel is protected by the 6th Amendment. That's an injustice, and it was compounded this week by the Supreme Court. In 2007, Kerri Kaley, a sales representative for a subsidiary of Johnson & Johnson, and her husband Brian were indicted on charges that they had participated in a scheme to resell medical devices allegedly stolen from hospitals; they maintained that the hospitals no longer had any use for the devices.
CALIFORNIA | LOCAL
February 20, 2014 |
Luis Rios, who lost his job at a filling station in December at the age of 56, is newly eligible for Medicaid, the healthcare program for the poor. Following the advice of state-trained medical insurance enrollment workers, he filled out the paperwork required to get coverage - but has a nagging fear that he may have put his family's financial assets at risk. That's because, in certain cases, Medi-Cal, California's version of Medicaid, will be able to collect repayment for healthcare services from the estate after a recipient dies, including placing government liens on property.
February 14, 2014 |
Occidental Petroleum is ending a nearly century-long run as a storied Los Angeles energy company and moving its headquarters to Houston as part of a corporate overhaul. The nation's fourth-largest oil firm also announced plans Friday to spin off its California assets into a separate publicly traded company based in the Southland. Occidental will continue to employ about 8,000 employees and contractors in the state. The company's split signals the end of an era for Occidental, which was founded in 1920 and led for many years by oil industry legend Armand Hammer.
CALIFORNIA | LOCAL
February 8, 2014 |
It's been a tough go for Florence, the stoic, graceful lady of Lincoln Park. Over the years, hooligans have broken her nose, spray-painted her face, shot at her, ripped off her hands and stolen her lamp. But for all the attempts to deface the statue of Florence Nightingale, the founder of modern nursing stands tall and calm in the spot she claimed in 1937, across the railroad tracks from the county hospital. I have to admit that I didn't know the statue was there until I heard from David Colachico, a professor in the nursing school at Azusa Pacific University.