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CALIFORNIA | LOCAL
July 1, 2013 | By Anthony York
SACRAMENTO - Gov. Jerry Brown ushered in the most sweeping changes to the way California funds its public schools in 25 years on Monday, signing into law a new funding formula that was the centerpiece of his legislative agenda for the year.  Schools that serve low-income students and non-native English speakers will receive more money under the formula, while all school districts will be given new flexibility in how they spend the funds they receive...
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CALIFORNIA | LOCAL
April 15, 2014 | By Emily Alpert Reyes
When Mayor Eric Garcetti unveiled his first budget this week, he proudly announced that he was doubling funding to fix broken sidewalks from $10 million to $20 million. There's just one problem: None of the money that was budgeted for this year has been spent so far. And it remains unclear how much of it will be used before the budget year comes to an end June 30. Any unencumbered money will be swept back into Los Angeles' general fund. City officials said they held off on sidewalk spending because of a lawsuit filed by disabled residents who assert that broken sidewalks infringe on their rights to public access.
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NEWS
September 13, 2011 | By Alexa Vaughn, Washington Bureau
The House of Representatives on Tuesday quickly and unanimously passed a bill temporarily extending funding for the Federal Aviation Administration and federal highway programs.   Funding for more than a million federal employees and construction jobs was set to expire by Oct. 1 if extensions were not passed, and though both parties had their misgivings about the bill, no House members wanted to be tied to such a job loss. The FAA's funding through Jan. 31 comes from the 22nd consecutive extension bill since the last long-term funding bill for it expired in 2007.
BUSINESS
April 15, 2014 | By Andrew Khouri
Most Californians can't afford their rent. The state's affordability crisis has worsened since the recession, as soaring home prices and rents outpace job and income growth. Meanwhile, government funds to combat the problem have evaporated. Local redevelopment agencies once generated roughly $1 billion annually for below-market housing across California, but the roughly 400 agencies closed in 2012 to ease a state budget crisis. In addition, almost $5 billion from state below-market housing bonds, approved by voters last decade, is nearly gone.
BUSINESS
August 2, 2011 | By Jessica Guynn, Los Angeles Times
Twitter Inc. doesn't seem to be in any hurry to offer its shares to the public. Instead it has raised another round of funding from some very deep-pocketed and plugged-in private investors. The San Francisco company acknowledged a "significant" round of funding from preexisting investors and new investor Digital Sky Technologies, the investment engine run by Russian billionaire Yuri Milner. Milner has significant stakes in social networking's hottest companies, including Facebook Inc. People familiar with the funding peg it at $800 million, which would make Twitter worth $8 billion.
NEWS
April 8, 2011 | By Marissa Cevallos, HealthKey
Planned Parenthood is yet again at the center of a political maelstrom. Republican lawmakers want to cut funding to the organization, or else they will not agree to a budget that has spending cuts of more than $30 billion. Defenders of Planned Parenthood say the cuts are dangerous for women’s health.  Huffington Post  frames the current conflict this way: “The United States government is on the verge of shutting down over a dispute...
CALIFORNIA | LOCAL
April 29, 2013 | By Dalina Castellanos
States are spending less on pre-kindergarten programs than they did a decade ago, according to a report released Monday. The National Institute for Early Education Research released the State of Preschool 2012 report, calling the last school year “the worst in a decade for progress in access to high-quality pre-K for America's children.” California state funding per child fell by more than than $400 compared with the previous year, and...
NATIONAL
September 13, 2011 | By Alexa Vaughn, Washington Bureau
The House of Representatives on Tuesday quickly and unanimously passed a bill temporarily extending funding for the Federal Aviation Administration and federal highway programs. Funding for more than 1 million federal employees and construction jobs was set to expire by Oct. 1 if extensions were not passed. Though both parties had misgivings about the bill, no House members wanted to be tied to a big job loss. The FAA's funding through Jan. 31 comes from the 22nd consecutive extension bill since the last long-term funding bill expired in 2007.
NEWS
May 1, 2013 | By Morgan Little
Republicans in Congress, long skeptical of the value of some taxpayer-supported research, have taken aim at the National Science Foundation with a bill that seeks to limit the scope of its grants. A draft bill by House Science Committee Chairman Lamar Smith (R-Texas), which was obtained by Science magazine, would require the foundation's grants to “advance the national health, prosperity or welfare” or “secure the national defense.” The current National Science Foundation criteria are broader and allow the foundation to weigh the “intellectual merit” and “broader impacts” of the proposed research.  The bill would also require that projects are not “duplicative” of other federally funded works.
BUSINESS
April 18, 2012 | By Deborah Netburn
Venture capitalists, shmenture capitalists. That is not what Eric Migicovsky said to himself when he went out to get funding for a new smartwatch he and his team developed called Pebble. Migicovsky, who had some critical success with a Blackberry-compatible smartwatch called the inPulse, was hoping to fund his next venture the traditional Silicon Valley way -- through angels and venture capitalists. The new smartwatch would be compatible with the Android and iPhone, linking to the smartphone via Blue Tooth and would also have an e-paper screen that could easily be read in sunlight, as well as the ability to show emails, tell you who is calling on your phone, and serve as a bike computer for avid cyclists.
OPINION
April 15, 2014 | By The Times editorial board
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.
OPINION
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 | By Kate Mather and Ruben Vives
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 | By Teresa Watanabe
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.
BUSINESS
April 6, 2014 | By Tom Petruno
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.
BUSINESS
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)
BUSINESS
December 12, 2013 | By Andrea Chang
Snapchat, the Venice start-up that recently turned down a $3-billion acquisition offer from Facebook, has raised $50 million in a Series C round. The funding was provided by investment firm Coatue Management, which has offices in New York and Menlo Park, Calif. A Snapchat spokeswoman confirmed the funding by Coatue on Wednesday but didn't provide additional details. PHOTOS: Top 10 most talked-about people, topics on Facebook in 2013 Snapchat co-founder and Chief Executive Evan Spiegel signed off on the funding in a filing with the Securities and Exchange Commission on Wednesday.
NEWS
July 27, 2011 | By Eryn Brown, Los Angeles Times / For the Booster Shots blog
The U.S. government can continue to fund embryonic stem cell research, a U.S. district judge ruled in Washington Wednesday morning. For the Record, 1:14 p.m. July 27: An earlier version of this online article incorrectly said a U.S. district judge ruled on stem cells on Tuesday. The ruling happened Wednesday The decision, from Judge Royce C. Lamberth, threw out a 2009 lawsuit challenging an Obama administration policy expanding funding for the research, which had been limited under President George W. Bush.  The plaintiffs, researchers Dr. James Sherley and Theresa Deishler, argued that funding embryonic stem cell research violated federal law.  At first, Judge Lamberth agreed with them, ordering an injunction in August 2010 to stop the research while the case continued.  Funding for the work was halted, stoking uncertainty for scientists.  Many worried that not knowing what backing would be available would have a chilling effect on research that aimed to find cures for a variety of common conditions, including Alzheimer's and heart disease.
BUSINESS
April 6, 2014 | By Tom Petruno
Why bother with a "go-anywhere" mutual fund? For many investors the answer may be that there's no need. If you have a well-diversified portfolio and a truly long-term focus, your asset mix may suit you just fine. Older investors who are more fearful of severe losses, however, may have a different view. Ditto for investors who are looking to put money to work now but are wary with many stocks near record highs and with bond yields depressed. Chris Hauswirth, a principal at investment advisory firm Wetherby Asset Management in San Francisco, said he uses go-anywhere funds for 5% to 10% of some clients' portfolios, as a way to add diversification.
NATIONAL
April 2, 2014 | By David G. Savage and David Lauter
WASHINGTON - The Supreme Court struck another major blow against long-standing restrictions on campaign money Wednesday, freeing wealthy donors to each give a total of $3.6 million this year to the slate of candidates running for Congress. Rejecting the restriction as a violation of free speech, the 5-4 ruling struck down a Watergate-era limit that Congress wrote to prevent a single donor from writing a large check to buy influence on Capitol Hill. It was the latest sign that the court's conservative majority intends to continue dismantling funding limits created over the last four decades.
Los Angeles Times Articles
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