April 15, 2014 |
Enormous public resources go to foster families and group homes, and those expenditures are appropriate because the county and state are the virtual guardians for thousands of abused and neglected children. As such, the state and the county are duty-bound to ensure that the children receive proper care and, despite any mistreatment at home and despite the turmoil of being sent to live with strangers, are put on a pathway toward a successful adulthood. But Los Angeles County also places thousands more abused or neglected children not with foster families or group homes but with their own grandparents and other relatives, and that's a good thing; numerous studies over many years show that such children do better in the long run than those in foster care - if those family members have the money to properly clothe and care for the children.
April 11, 2014
Re "U.S. to remove 50 ICBMs from silos," April 9 This article states that the federal government will keep 50 missile silos "warm but empty" in Montana, South Dakota and Wyoming even though they are no longer needed. They will be maintained as a boon to local economies. This is federal welfare at its best. Don Lemly San Clemente ALSO: Letters: Unsung heroes in the LAPD Letters: About those beef price stats Letters: Medicare payments analyzed
CALIFORNIA | LOCAL
April 9, 2014 |
The long-running Bell corruption scandal drew toward an end Wednesday when five former council members pleaded no contest to criminal charges and agreed to pay restitution to the small, cash-strapped city that could approach $1 million. The pleas end the prosecution of seven officials accused of bilking the city out of more than $10 million that they used for excessive salaries and perks. At one point, council members were receiving up to $100,000 a year for their part-time work, while the city's top administrator, Robert Rizzo, pulled in $1.5 million annually in total compensation.
CALIFORNIA | LOCAL
April 7, 2014 |
A citywide coalition of community groups and civil rights leaders unveiled a comprehensive new measure Monday ranking L.A. Unified's neediest schools and urged more targeted spending on students there. The "student need index," which analyzed test scores, dropout rates, gun violence, asthma and eight other factors that affect learning, found that the neediest schools were concentrated in southern and eastern Los Angeles, along with the Pacoima area in the San Fernando Valley. The schools included Fremont and Jordan high schools, Bethune and Drew middle schools and Griffith Joyner and Woodcrest elementary schools.
April 6, 2014 |
Over the last six years, roaring bears and raging bulls both have had their turns to be right about financial markets. But investing success in the next market phase could be far more about pinpointing individual opportunities than riding a wave. This is when it should pay for a money manager to have maximum flexibility: the option to go almost anywhere with investors' dollars in search of decent returns. That could include stocks, bonds, real estate or commodities, for example.
April 6, 2014
First Eagle Global •Ticker symbol: SGENX •Assets: $49 billion •5-year average annualized return: 15.1% •Year-to-date return: 2.8% •Annual expense ratio: 1.1% •Morningstar rating: Four stars (out of five) •Do managers invest their own money in the fund: Yes •www.feim.com •Maximum front-end sales charge: 5%, but can be bought without that charge through some fund supermarkets, including Charles Schwab. FPA Crescent •Ticker symbol: FPACX •Assets: $17 billion •5-year average annualized return: 15.3% •Year-to-date return: 1.7% •Annual expense ratio: 1.2% •Morningstar rating: Five stars (out of five)