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BUSINESS
July 15, 2012 | By Ken Bensinger, Kim Christensen and Jessica Garrison, Los Angeles Times
The decision by three California cities to seek bankruptcy protection in the space of two weeks is unlikely to presage a wave of copycat filings. But it does underscore the mounting financial pressure facing local governments around the country. Collapsing property values and entrenched unemployment have pushed cities and counties to the economic brink. Tax receipts in some locales have shrunk more than 20% over the last three years, and soaring pension costs exceed funding levels by as much as $3 trillion nationwide.
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SPORTS
May 16, 2001 | Alan Abrahamson
Highlights of the International Olympic Committee's Evaluation Commission report on the five cities vying for the 2008 Summer Games: BEIJING The Chinese aim to spend $14.3 billion in development costs related to the Games. As in Sydney, much of the sports action would be concentrated in a single site--what the Beijing bid calls an "Olympic Green" to be developed north of the city center.
BUSINESS
September 25, 2012 | By Jim Puzzanghera
WASHINGTON -- Home prices in the nation's largest cities rose 1.6% in July to their highest level in nearly two years, according to a leading index released Tuesday, adding to recent data showing the housing market finally has begun its rebound from the deep recession. The Standard & Poor's/Case-Shiller index of prices in the 20 biggest U.S. cities rose for the fourth straight month. And in a sign the rebound is broad-based, it was the third consecutive month that prices rose in all 20 cities from the previous month.
BUSINESS
July 12, 2013 | By Shan Li
Eindhoven, a city in the Netherlands, has beaten San Diego as the most innovative city in the world. That's according to the Organization for Economic Cooperation and Development, which ranks cities around the world by calculating "patent density," or the number of patents produced per a certain level of residents. Eindhoven, for example, churned out 22.6 patents for every 10,000 residents, dramatically outpacing the 9 patents per 10,000 residents produced by San Diego. QUIZ: How much do you know about the federal budget cuts?
CALIFORNIA | LOCAL
May 31, 2012 | By Jessica Garrison, Los Angeles Times
A Sacramento County Superior Court judge Wednesday ruled against a group of California cities in their battle with the state over hundreds of millions of property tax dollars that used to flow to local redevelopment agencies. Judge Timothy M. Frawley said he would not grant the request from Glendale, Pasadena, Huntington Beach and other cities for an injunction that would have prevented the payout of property taxes on Friday to schools and counties. Cities believe some of the money belongs to them and should be used to pay for such projects as parks, affordable housing and freeway intersections that had been agreed upon before Gov. Jerry Brown won his battle to eliminate California's 400 municipal redevelopment agencies late last year.
BUSINESS
June 18, 2012 | By David Colker, Los Angeles Times
Ever wonder what the typical cost of an airport taxi ride is for major cities around the world? The Associated Press sent reporters out with a tourist's itinerary on a weekday in June in five cities around the world to compare various costs. Here's what they found in regard to taxi rides from major airports into cities: Tokyo, $82.40; 20 minutes from Haneda Airport, which is being used by a growing number of international tourists. Fare from Narita International Airport runs $300.
CALIFORNIA | LOCAL
November 10, 2009 | John Hoeffel
As hundreds of medical marijuana dispensaries have opened this year in a startling rollout across California, unnerved local officials have started to push back aggressively. Many cities and a few counties have banned them. Others have imposed emergency moratoriums. And some have started to sue dispensaries to force them to close. So far, the state's courts have sided with local officials. For marijuana advocates, who have seen over-the-counter sales become commonplace and watched the steady drift of California's vibrant weed counterculture into the mainstream, these setbacks are a discordant development.
CALIFORNIA | LOCAL
April 8, 2013 | By Adolfo Flores, Los Angeles Times
Eight years ago, a Los Angeles County government oversight panel examined the string of small working-class cities along the 710 Freeway and gave them a relatively clean bill of health. Then a series of corruption scandals in southeast L.A. County roiled the region and made national headlines. Prosecutors filed public-corruption charges in Bell, Vernon, Commerce, Cudahy and Lynwood. Investigations are ongoing in Maywood and in at least one water district. Now the Los Angeles County Local Agency Formation Commission is taking another look.
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