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CALIFORNIA | LOCAL
February 23, 2014 | By Rong-Gong Lin II and Rosanna Xia
A Los Angeles City Council member wants to allow owners who seismically retrofit apartment buildings to pass on the costs to tenants. Councilman Bernard C. Parks said he wants the city to explore exempting these apartment owners from the city's rent-control law as part of a larger effort by city officials to strengthen thousands of buildings vulnerable to collapse during a major earthquake. Under existing laws, only 50% of the cost of major apartment rehabilitation projects can be passed through to tenants, Parks said.
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BUSINESS
January 7, 2014 | By Shan Li
Stubbornly high unemployment among millennials costs the U.S. billions in lowered tax revenue and higher safety net costs, according to one study. Millennials -- defined as those 18 to 34 years old -- have suffered from double-digit jobless rates for almost six years, according to a study by youth advocacy group Young Invincibles. The youngest, aged 16 to 24, suffer from 15% unemployment, the highest rates among youth. The long-term consequences of high unemployment in an entire generation of young people has been well researched, with echoes throughout their careers in the form of lower earnings and fewer job opportunities.
BUSINESS
June 19, 2013 | By Adolfo Flores
A study found that if patients and doctors used medicines responsibly, the U.S. healthcare system could save $213 billion annually. Failing to adhere to prescription instructions, misuse of antibiotics and medication errors are some of the reasons for the avoidable costs, according to findings from IMS Institute for Healthcare Informatics. Together, these areas lead to unnecessary utilization of healthcare resources involving an estimated 10 million hospital admissions, 78 million outpatient treatments, 246 million prescriptions and four million emergency room visits annually.
BUSINESS
May 23, 2013 | By Paresh Dave
Repairing the iPhone 5 costs far more than fixing its predecessors because of Apple's tight control over the parts that make up its newest phone, according to a new report. In some cases, just repairing an iPhone 5 screen can cost $30 more than the entire phone that's been purchased for $200 with a two-year service contract. Normally, users can turn to third-party shops to fix their iPhones. But many phone shops are not willing to repair the latest iPhone because of the high costs of parts, Marketwatch reported . The repair firms that do work on the iPhone are charging as much as Apple, or even more, to fix the phone.
CALIFORNIA | LOCAL
January 29, 2012 | Louis Sahagun
In a standoff with federal forest officials, Caltrans is proposing to abandon a popular, cliff-hanging highway in the San Gabriel Mountains because it is too expensive to maintain. The proposal to walk away from California Highway 39, enjoyed by an estimated 3 million people a year, comes as the state struggles to close a $9.2-billion budget shortfall. To avoid closure, the California Department of Transportation is trying to persuade the U.S. Forest Service or Los Angeles County to take over the roadway, which runs 27 miles from the city of Azusa nearly to the crest of the San Gabriels.
CALIFORNIA | LOCAL
March 19, 2014 | By Chris Megerian
SACRAMENTO - The longer California's leaders delay shoring up the cash-strapped teacher pension fund, the more money it will cost taxpayers in the long run, according to an analysis presented to lawmakers on Wednesday. If lawmakers and Gov. Jerry Brown eliminate the fund's $71-billion shortfall over the next 20 years, the extra contributions needed from the state, schools and teachers would total a little more than $180 billion in that time period. But if they put forward a 60-year plan, the total cost would be $622.8 billion.
NATIONAL
August 3, 2012 | By Richard Simon
WASHINGTON -- The U.S. Senatehas paid tribute to National Chess Day. Now it's Sen. Jim DeMint's move.   The South Carolina Republican and several of his Senate colleagues have introduced legislation that would require senators to pay for such commemorative resolutions out of their office budgets rather than from the U.S. Treasury. The money comes from the taxpayers in either case, but DeMint says the printing of symbolic resolutions has "gotten out of hand. " His fellow senators are likely to be more judicious about introducing such resolutions if they have to dip into their office budgets to pay the printing costs, he says.
SPORTS
February 20, 2009 | Robyn Norwood
You've heard the stories about professional athletes so competitive they can't bear to lose, even at pingpong. But let's just say they didn't become professional athletes. Do you really want to work with anyone who isn't mature enough to shrug off being No. 2 at table tennis? And why is it, Washington Post columnist Sally Jenkins wonders, that so many of the culprits in the Wall Street mess seem to be frustrated former athletes?
ENTERTAINMENT
August 23, 1997
"Payout Time for the Peacock Network" (Aug. 18) reports that costs of shows like "Seinfeld" and "ER" are escalating, so that "Seinfeld" now costs NBC more than $4 million per episode, and that advertisers are paying more than $1 million per commercial minute. But where does NBC get the money to pay these rates? Or better yet, where does the advertiser get these sums? The answer is shocking. Built into the unit cost of every tube of toothpaste, can of beans or tank of gas you buy are prorated costs not only for the manufacture of the product but also transportation to market, sales force and, yes, advertising.
CALIFORNIA | LOCAL
March 16, 1986
The March 2 article, "Penn Defense Could Rank With County's Most Costly" by staff writer Glenn F. Bunting, comparing Sagon Penn's defense costs with the salary of a deputy district attorney presents a distorted picture of the financial cost to the taxpayer for this tragedy. Mr. Bunting failed to include the cost of the police investigation, reports of which are given to the D.A. for use in prosecution, and the expenses of the D.A.'s office in investigation, retained experts, other lawyers, and staff personnel contributing to the prosecution effort.
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