CALIFORNIA | LOCAL
May 13, 2012 | By Larry Gordon, Los Angeles Times
UC Santa Barbara, according to old stereotypes, may still conjure up the image of a lush campus by the beach, where students can squeeze in a few hours of surfing after class and live in a nearby neighborhood that is one of the nation's best-known party zones. But in reality, UC Santa Barbara over the last three decades increasingly has become a center of scientific research, and its move in that direction was strengthened Saturday with the announcement of a $50-million private donation to energy efficiency research and engineering programs.
ENTERTAINMENT
May 10, 2012 | By Rebecca Keegan, Los Angeles Times
As political fundraisers go, it's set to be an "Avengers"-sized blockbuster: One hundred and fifty wealthy Democrats will dine with President Obama at George Clooney's Studio City home Thursday night, at a party that organizers expect to gross $15 million for the president's re-election campaign - the highest amount ever raised at such an event. High-profile guests including Robert Downey Jr., Tobey Maguire, Barbra Streisand, director-producer J.J. Abrams, producer Nina Jacobson, Creative Artists Agency partner Bryan Lourd and ICM President Chris Silbermann are attending the dinner, which was organized by DreamWorks Animation Chief Executive Jeffrey Katzenberg and his political advisor, Andy Spahn.
NATIONAL
May 5, 2012 | By Matea Gold, Washington Bureau
WASHINGTON — Anxiety about the effect of a ban on political spending by federal contractors is prompting new caution by a company connected to such donations and a "super PAC" that accepted them. Restore Our Future — a super PAC that has spent more than $42 million on behalf of GOP presidential candidate Mitt Romney — had previously solicited money from federal contractors. Now it is warning the contractors to get legal advice before giving. Meanwhile, Oxbow Carbon, a major coal and petroleum supplier that gave Restore Our Future $750,000 last year, now says its contracts to sell fuel to the federal government are through a sister company that is a separate legal entity — an arrangement that allows it to skirt the prohibition on federal contractors making political expenditures.
BUSINESS
May 4, 2012 | By Shan Li, Los Angeles Times
It's technically called an egg "donation. " But if you're a young Asian woman, donating your eggs to an infertile couple can fetch enough cash to buy a used car or perhaps a semester at college. The same market forces that drive the price of cotton, copper and other commodities - supply and demand - have allowed Asian women to command about $10,000 to $20,000 for their eggs, also known as gametes or ova. Women of other ethnic groups typically get about $6,000 when they can sell their eggs, but they often can't for lack of demand, according to donation agencies and fertility clinics.
CALIFORNIA | LOCAL
May 3, 2012 | By Larry Gordon, Los Angeles Times
In a move that heightened competition in online education and brought more prestige to the still-fledgling field, Harvard University and MIT announced a partnership Wednesday to offer the public mainly free Internet classes. Harvard and MIT are each donating $30 million to create a nonprofit organization, to be called "edX" that will develop an Internet platform for the classes and design new ways to teach and learn with technology, according to the two Cambridge, Mass., schools.
BUSINESS
May 2, 2012 | By W.J. Hennigan, Los Angeles Times
For sale: An exotic, once top-secret radar-evading ship, dubbed the Sea Shadow, that was built by one of the world's largest defense contractors during the height of the Cold War. Specifications: about 68 feet wide, 164 feet long and around 563 tons. Price: $139,200 or best offer. If interested, please contact the General Services Administration at its website: gsaauctions.gov. That's the sales pitch from theU.S. Navy, which - after five years of trying and failing to donate the stealthy Sea Shadow to a museum - is now selling the ship for scrap metal in an online auction.