January 9, 2014 |
Hey Wall Street, California owes you one. The prolonged bull market has produced two banner years for capital gains in the state, with an even better year expected in 2014. The result has been surging capital gains tax revenues, which account for all of the surplus projected by Gov. Jerry Brown for the coming year. Those revenues averaged a little less than $4 billion a year from 2008 to 2011, accounting for about 4.5% of the state's general fund. From 2012 through 2014, the average is expected to be $10.2 billion, or roughly 10% of the general fund.
January 5, 2014 |
AMMAN, Jordan - Infighting among Islamist antigovernment groups in northern Syria continued for a third day Sunday, as more moderate rebel factions engaged in a large-scale rout of an extremist group affiliated with Al Qaeda. The Mujahedin Army, a new coalition of ostensibly moderate Islamist groups, as well as factions affiliated with the Western-backed Free Syrian Army and the Islamic Front, consolidated their gains against the Islamic State of Iraq and Syria, or ISIS, in what activists hailed as a "second revolution.
January 2, 2014 |
Shares of Herbalife Ltd. were gaining Thursday after an analyst named the Los Angeles nutritional product company's stock a top pick for 2014. Tim Ramey, an analyst with D.A. Davidson & Co., has been bullish on the company for more than a year, even after activist investor Bill Ackman suggested the company operates a pyramid scheme that will be shut down by regulators. In a research note, Ramey said he expects the company to post gains in the coming year, in part because of growth in China.
CALIFORNIA | LOCAL
January 2, 2014 |
James Avery, who portrayed the commanding yet cuddly father figure on the hit 1990s sitcom "The Fresh Prince of Bel-Air," died at a Glendale hospital Tuesday of complications from open heart surgery. He was 65. His death was confirmed by his manager, Toni Benson. Although trained as a Shakespearean actor, Avery won his widest audience in the role of Judge Philip Banks - "Uncle Phil" - on "Fresh Prince," which aired on NBC from 1990 to 1996. Ranked No. 34 on TV Guide's 50 Greatest TV Dads of All Time, the Navy veteran's stern, straight-arrow character provided a foil for series star Will Smith, who played the wise-cracking teenage nephew from the mean streets of west Philadelphia who moved into Uncle Phil's uptight Bel-Air household.
December 30, 2013 |
WASHINGTON - Population growth in Southern and Western states, led by Texas, California and Florida, accounted for more than 80% of new residents nationwide over the last three years, surpassing the Northeast and Midwest in the demographic contest that plays a key role in determining states' political clout, census data released Monday show. If states continue to grow at the same pace for the rest of the decade, Texas could gain three more congressional seats in 2020, according to a Times analysis of the Census Bureau figures.
December 29, 2013 |
This was the year that millions of Americans learned that health insurance is complicated. The landscape they discovered is ugly. Paying a premium doesn't mean your costs are over. Lower premiums mean higher deductibles, higher fees at the doctor's office, higher prescription costs. You may have to pay more to see a certain doctor or go to a certain hospital. After New Year's Day 2014, the discoveries will keep coming, when many of the newly insured use their policies for the first time.
December 25, 2013 |
On a wet Saturday near Griffith Park, a dozen teenage girls shovel manure, trudge through mud and try to stay warm. But soon everyone perks up because another horse-riding lesson is about to begin. The lessons are provided by Taking the Reins, a nonprofit group that teaches horse care and riding to girls, many from the inner city, with the esteem-building aim of "empowering girls through horse power," according to the group's slogan. "We try to instill confidence and teach teamwork, responsibility, leadership through riding and caring for horses," said Jane Haven, the program's executive director.
CALIFORNIA | LOCAL
December 22, 2013 |
L.A. Unified is improving faster - in some categories much faster - than most other large, urban school systems, according to the latest results of the National Assessment of Educational Progress, which tests a sample of students nationwide. And while the district's overall scores remained relatively low, its progress elicited praise from U.S. Secretary of Education Arne Duncan. Los Angeles is among the school systems that are "examples for the rest of the country of what can happen when schools embrace innovative reforms," Duncan said.
December 21, 2013 |
HONOLULU - President Obama warned Saturday that using military force to gain power in South Sudan could cost the country international support. Obama was reacting to reports that four U.S. service members were wounded when South Sudanese militias fired on three U.S. military aircraft on a mission to evacuate American citizens. He encouraged talks to help end the violence in South Sudan. “Any effort to seize power through the use of military force will result in the end of longstanding support from the United States and the international community,” the president said, according to White House officials.
December 19, 2013 |
California's health insurance exchange reported sharply higher enrollment ahead of Monday's sign-up deadline for Jan. 1 coverage, amid mounting criticism over how it handles consumer privacy. The Covered California exchange said Thursday that 53,510 people enrolled in health plans over a three-day period this week, culminating with more than 20,000 people picking an insurance company on Wednesday alone. Last week, about 15,000 people were enrolling daily. "December has turned out to be an enormous month for Covered California," said Peter Lee, executive director of the state exchange.