December 10, 2013 |
WASHINGTON -- Federal regulators on Tuesday unveiled the final version of a rule designed to prevent federally insured banks from engaging in risky trading of stocks and securities, moving to put in place a key regulation called for in the 2010 financial regulatory overhaul. The so-called Volcker Rule would stop banks from using their own money to trade for profit, or what's known as proprietary trading, and limits their ability to own or invest in hedge funds and private equity funds.
CALIFORNIA | LOCAL
December 1, 2013 |
A downtown Los Angeles pooch can enjoy a made-to-order meal at a local pet boutique, tag along for happy hour or spend an afternoon socializing at the cathedral, but what happens when nature calls? Fido may have helped attract droves of new residents to a burgeoning downtown, but sharing the concrete city with their human counterparts is getting messy. The latest attempt at stemming what some call "the pee situation" consists of three small patches of artificial turf in designated doggie areas.
November 26, 2013 |
WASHINGTON - In a long-anticipated move to restrict the flood of secret money in campaigns, the IRS for the first time proposed rules to rein in the political activities of tax-exempt groups that have emerged as heavyweight players in American elections. Tuesday's proposal, which faces a long and likely arduous path before becoming final, could dramatically reshape the campaign landscape. Since the Supreme Court's Citizens United decision in 2010, nonprofit groups organized under section 501(c)
November 12, 2013 |
PEN American Center's report “Chilling Effects,” officially released Tuesday morning, offers some disturbing data about the effect of government surveillance on free expression and self-censorship in the literary world. Of more than 520 American writers surveyed, 16% have avoided writing or speaking on what they consider controversial topics, and 11% “have considered doing so.” The percentages are even higher when it comes to phone or email conversations and social media, which is increasingly part of the writers' toolbox.
November 8, 2013 |
Larry David has curbed his enthusiasm by more than $2 million since he listed his Pacific Palisades estate in March at $14.999 million. Priced now at $12.995 million, the gated English country mansion sits on nearly an acre with a guest house, mature trees and a swimming pool. Used-brick fireplaces, half timbering and steeply vaulted ceilings bring the exterior vibe indoors. There's even a fireplace in a bathroom. Grandest pool around? Malibu has it One of the dining areas occupies the ground level of the rotunda.
CALIFORNIA | LOCAL
November 3, 2013 |
Los Angeles school police have sharply curtailed the number of tickets issued for truancy to L.A. Unified students by 93.7% over the last four years, reflecting a step back from punitive disciplinary practices, according to a new report. The report, by the Community Rights Campaign - an organizing effort to shift student disciplinary actions from police to schools and communities - also found that tickets for all offenses plunged by 54.8% from 2011-12 to 2012-13. But African Americans and Latinos still receive a disproportionate number of tickets: Blacks were almost six times and Latinos were twice as likely to be ticketed than whites, according to the report released last week.
October 27, 2013 |
What goes up must come down, and so "Gravity" finally did this weekend, falling to the runner-up position as "Bad Grandpa" ruled the box office. Johnny Knoxville's hidden-camera prank flick was an easy No. 1 this weekend, debuting with a robust $32 million, according to an estimate from distributor Paramount Pictures. After three weekends atop the charts, "Gravity" came in second with $20.3 million, meaning the 3-D space film is now a stone's throw from another box-office milestone with its overall gross of $199.8 million.
October 26, 2013 |
WASHINGTON - As the U.S. presses for a deal to limit Iran's nuclear program, it is getting help from an unlikely ally: Russia. Relations between the two countries have tumbled to a low point this year because of a dispute over Moscow's decision to grant temporary asylum to former National Security Agency contractor and leaker Edward Snowden and long-standing friction between President Obama and Russian President Vladimir Putin. Analysts say neither side views repairing the overall relationship as a top priority.
October 18, 2013 |
CAIRO -- A government push to dramatically restrict Egyptians' right to protest is drawing a storm of -- yes -- protest. Disparate political groups, together with human rights organizations, have united in vocal opposition to proposed new rules that would make it all but impossible to stage a large-scale march or rally, unless its purpose was to glorify the government or the army. The measure, whose outlines were reported by state media this week, has been approved by the Cabinet, though interim President Adly Mansour has yet to sign it into law. Under the measure, would-be demonstrators would have to report their plans in advance to law enforcement officials, who could forbid, postpone or order the relocating of any gathering.
October 10, 2013 |
SACRAMENTO - Two pieces of legislation, heavily backed by the telecommunications industry but opposed by state regulators, were vetoed Thursday by Gov. Jerry Brown. One dealt with fees related to the purchase of prepaid cellphone minutes. The bill, AB 300 by Assemblyman Henry T. Perea (D-Fresno), would have created a new system for retailers to collect the fees from purchasers. As approved by the Legislature, the money would be sent to the Board of Equalization and then passed to the California Public Utilities Commission.