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March 24, 2014 | By James Rainey
With city budget managers intent on limiting new spending and reining in employee benefits, a coalition of union and political groups is fighting back with a report that suggests Los Angeles City Hall is spending too much on Wall Street and not enough on Main Street. The Fix L.A. Coalition, which is made up of union and liberal political groups, plans to release a report Tuesday that suggests the city could substantially reduce the $204 million in bank and money management fees that it paid last year to Wall Street firms.
March 23, 2014 | By Kenneth R. Harney
WASHINGTON - Here's some good news for homeowners worried that Congress will fail again to renew popular tax benefits for use in 2014 - especially those allowing for mortgage debt forgiveness, write-offs for energy-saving improvements and mortgage insurance premiums. Though there has been no formal announcement, the Senate Finance Committee under its new chairman, Ron Wyden (D-Ore.), expects to take up a so-called "extenders" package sometime this spring. "This is high on [Wyden's]
March 22, 2014 | By Ingrid Schmidt
In youth-obsessed Hollywood, the idea of aging, even if it's like fine wine, may seem hard to swallow. But there may be something to that analogy. Since the virtues of red wine have been extolled for years - the antioxidants are said to prevent heart disease - why not try to harness those powers in anti-aging skin care products? Many beauty brands have done just that, among them CaudalĂ­e, a 19-year-old Parisian company that opened its first West Coast outpost, a boutique in Venice, this month.
March 20, 2014 | By David Zucchino
FT. BRAGG, N.C. - In a sentence so light it stunned even his lawyers, Brig. Gen. Jeffrey A. Sinclair was sentenced Thursday to a reprimand and no jail time for misusing his authority over a subordinate with whom he had a three-year adulterous affair, ending a tumultuous court-martial that focused national attention on the military's uneven response to sexual misconduct. A military judge ordered Sinclair, 51, to forfeit $20,000 in salary and pay restitution of $4,156 for misusing his government charge card.
March 19, 2014 | By Lisa Mascaro
WASHINGTON - A bipartisan bill to extend unemployment insurance for more than 2 million jobless Americans is poised to clear the Senate next week, but House Speaker John A. Boehner is raising new concerns that it could be costly for states to administer and could lead to fraud. Boehner's objections echo warnings from the National Assn. of State Workforce Agencies, which has repeatedly urged Congress not to attach cumbersome new eligibility requirements. States have "antiquated" computer systems that cannot quickly implement new rules, the group warned Wednesday, and may end up giving aid to those who are ineligible.
March 19, 2014 | By Randy Lewis
Red Hot Chili Peppers bassist Flea, Dhani Harrison, Brendan Benson, Butch Walker and more than a dozen other musicians will take part in Petty Fest 2014 when the benefit event sets down April 3 at the El Rey Theatre for its Los Angeles stop. The show, for which 100% of the proceeds will go to the Sweet Relief Musicians Fund to aid musicians in need, also will feature performances of songs each act chooses from across Tom Petty's nearly four-decade recording career by Albert Hammond Jr., Matt Sorum, Lukas Nelson, the Walking Papers, Nikkie Lane, Jason Lee, Ruby Amanfu, Midlake's Eric Pulido, Maroon 5's James Valentine, Ace Harper, Chase Coh, Zane Carney and others.
March 16, 2014 | Liz Weston, Money Talk
Dear Liz: I am 55 and my wife is 65. She only worked a few part-time jobs as she spent most of her working years raising our nine beautiful children. My question is, since she does not have enough credits to collect Social Security on her own work record, can she claim spousal benefits on my work history? If so, at what age and how will it affect my benefits? Answer: Your wife can receive spousal benefits based on your work record, but those checks can't start until you're old enough to qualify for benefits at age 62 (when she's 72)
March 14, 2014 | By Mike Bresnahan
SAN ANTONIO - Lakers fans lost one of their favorite chants earlier this season, the "M-V-P" mantra reserved for the still-injured Kobe Bryant . They lost another one Friday. Phil Jackson joined the New York Knicks' front office as team president, taking away his chances of returning to the Lakers and presumably the "We Want Phil" chant that popped in and out of Staples Center since Coach Mike Brown was fired. Lakers Coach Mike D'Antoni heard them plenty of times since getting hired but said he didn't feel relieved with Jackson out of the picture.
March 13, 2014 | By Lisa Mascaro
WASHINGTON -- Key senators struck a bipartisan agreement Thursday to extend unemployment insurance for more than 2 million jobless Americans whose benefits have run out, though approval is not certain in the Republican-controlled House. The proposal for a five-month continuation of benefits faces a likely filibuster by tea party conservatives in the Senate, pushing votes until later this month after Congress returns from a weeklong recess. But with five Republican senators joining Democrats in Thursday's agreement, passage in the Senate is expected.
March 13, 2014 | By Marc Lifsher
SACRAMENTO - California's deficit-plagued unemployment insurance program missed out on more than half a billion dollars in federal money in recent years when state officials failed to take advantage of a new federal program. The California state auditor said Thursday that all the Employment Development Department needed to do was invest about $323,000 in computer software modifications to recoup $516 million in money overpaid to people getting jobless benefits between February 2011 and September 2014.
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