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December 7, 2013 | By Alana Semuels
For 34 years, Gwendolyn Beasley worked as a clerk at the Detroit Public Library and paid a portion of her salary into a fund that would someday help pay for her pension. Now retired, Beasley, 67, receives $1,500 a month from that pension. But she's cutting back on spending after a judge ruled last week that Detroit's pension funds, like other city creditors, may have to take a hit as the city reorganizes its finances under bankruptcy. "I think it's so very unfair," Beasley said.
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CALIFORNIA | LOCAL
March 17, 1991 | KIRSTEN LEE SWARTZ, SPECIAL TO THE TIMES
Simi Valley and other Southern California cities have a right to control growth in their communities, a state appellate court has affirmed. The 2nd District Court of Appeal in Ventura on Friday rejected a developer's lawsuit alleging that Simi Valley's land-use regulations were discriminatory. The suit was filed nearly two years ago by Long Beach Equities Inc. against Simi Valley and Ventura County.
CALIFORNIA | LOCAL
December 11, 1989
Californians don't need to be fed statistics to have a sense of how rapidly the state is growing. They see signs of it in their own micro worlds each day--traffic snarls, sprouting developments, jammed theater lines, schools on double session and so on. But California's macro world of population figures is always startling. The 1988 estimated city population figures just released by the Census Bureau provides some eye-openers.
CALIFORNIA | LOCAL
January 5, 1995 | BERT ELJERA
The City Council has decided to rejoin the League of California Cities because of the bankruptcy that recently hit Orange County. "We need to get involved, be at the table, so to speak," said Councilman Mark Leyes on Tuesday, moments before the council voted 3 to 2 to rejoin the league after dropping out last year. Garden Grove was one of only two California cities that were not members of the league. But with the county's bankruptcy filing Dec.
BUSINESS
August 21, 2012 | By Andrew Tangel
Warren Buffett may have doubts about municipal bonds, those boring tax-exempt investments that governments need to finance their operations and projects. The Wall Street Journal reported Tuesday that the famed investor's Berkshire Hathaway Inc. recently wound down a large bet on muni bonds. The decision to end credit-default swaps insuring $8.25 billion in bonds is seen as a sign "that one of the world's savviest investors has doubts about the state of municipal finances," the Journal reported.
BUSINESS
February 7, 2013 | By Marc Lifsher
Thousands of Los Angeles homeowners covered by State Farm General Insurance Co. will see their annual premiums drop an average of $102, or 12.3%, beginning April 15. The reduction is part of a statewide markdown that will benefit 85% of State Farm's 1.6 million homeowner customers in California, the company said. The lower prices are expected to be announced at a 10:30 a.m. news conference in Los Angeles held by state Insurance Commissioner Dave Jones and State Farm Chief Executive Tom Conley.
CALIFORNIA | LOCAL
April 30, 1987 | STEPHANIE O'NEILL, Times Staff Writer
More than two dozen local government leaders took their battle for the "home rule" power of cities to the state capital last week in an attempt to preserve local bans on the sale of alcohol and gasoline at the same places. And although the local officials won some minor concessions, Glendale Mayor Ginger Bremberg said her city, and more than 30 other California cities that have imposed similar bans, will most likely lose the fight. A measure by Assemblyman Gary A.
NEWS
April 30, 1987 | STEPHANIE O'NEILL, Times Staff Writer
Glendale Mayor Ginger Bremberg took her battle for the "home rule" power of cities to the state capital last week in an attempt to preserve Glendale's year-old ban on the sale of alcohol and gasoline at the same places. And although she won some minor concessions, Bremberg said Glendale--and more than 30 other California cities that have imposed similar bans--will most likely lose the fight. A measure by Assemblyman Gary A.
CALIFORNIA | LOCAL
June 10, 2001 | DARYL KELLEY and DANIEL YI and HECTOR BECERRA, TIMES STAFF WRITERS
California cities are among the most crowded in the nation, as high housing prices and a chronic apartment shortage have forced families to double up and homeowners to rent bedrooms and garages. Crowding detailed in the latest U.S. census can be seen especially in largely Latino cities that have become major ports of entry for poor immigrants seeking a better life.
BUSINESS
January 29, 2013 | By Alejandro Lazo
A leading measure of home prices in the biggest American cities posted strong year-over-year growth in November. The S&P/Case Shiller 20-city index rose 5.5% from the same month a year earlier, rising in 19 out of the 20 metro areas tracked by the gauge. According to the index, from October to November, prices declined 0.1% -- a normal seasonal slowdown. The data are the latest indication that home prices continued to rise through the end of last year as housing inventory dwindled and demand surged.
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