March 26, 2013 |
WASHINGTON - The ports of Los Angeles and Long Beach are in an unusual position in today's era of Washington austerity: They could soon receive more federal money. A bill sent to the Senate by a committee chaired by Sen. Barbara Boxer (D-Calif.) seeks to address a long-standing California gripe: Its ports receive pennies back for every dollar raised by a tax on cargo. The measure would nearly double, to about $1.6 billion a year, funding for harbor maintenance nationwide, give priority to the busiest ports and expand the use of the money to include work that the Los Angeles and Long Beach ports are eager to undertake.
February 2, 2013 |
LONDON - In 2011, the London riots created chaos across the capital as disgruntled youth burned down buildings, looted shops and rampaged in the streets. A recent exhibition in Tottenham, the epicenter of the riots, looked at the reasons why. However, it was not the government that raised funds to set up the exhibit but a couple of dozen ordinary people whose lives had been caught up in the mayhem. "After the Riots - Happiness in Tottenham" is one of more than a hundred projects hosted on an innovative crowd-funding website that is starting to make waves across the United Kingdom.
CALIFORNIA | LOCAL
October 18, 2012 |
Many colleges seek donations for new construction or scholarships. Pasadena City College, however, has an additional goal that was unthinkable before California's budget crisis forced community colleges to slash course offerings. The school is seeking donations from alumni and others to restore some of the 570 classes it planned to cut this academic year. The campaign, launched in April, has received about $89,400 in donations, and the school is also devoting $106,000 from savings resulting from some cost cuts, officials said.
March 21, 2012 |
The numbers are in -- and Mitt Romney won, but not by a landslide. When it came to fund-raising in February, the former Massachusetts governor stayed ahead of his GOP presidential rivals. Romney raised $11.5 million and spent $12.4 million, dramatically slowing down his burn rate from January, when his campaign spent three times more than it raised. Heading into March, he had $7.3 million in the bank. Rick Santorum got $8.9 million in contributions and spent $7.8 million, ending the month with $2.6 million on hand, along with $922,000 in debt.
CALIFORNIA | LOCAL
October 18, 2011 |
Investors may not be willing to back the state's bullet train project until after it begins operating, the California High-Speed Rail Authority said in a letter to key legislators, an acknowledgment that again raises serious questions about how the $43-billion construction cost will be paid over the next decade. The letter gives a preview of the authority's upcoming business plan, a critical document that is supposed to address long-standing concerns that it lacks a credible blueprint for building and operating the system.
October 14, 2011 |
Former Massachusetts Gov. Mitt Romney raised more than $14 million for his presidential bid this summer, his campaign announced Friday morning. Romney led the Republican money race earlier this year when he brought in $18 million in the previous fundraising quarter. This time, however, he fell short of Gov. Rick Perry's reported $17-million haul. Romney also has slightly less cash in the bank -- $14.65 million compared to the Texas governor's $15 million on hand. "We are proud of the $32 million we have raised for the campaign so far," said national finance chairman Spencer Zwick in a statement.