CALIFORNIA | LOCAL
May 2, 2012 | George Skelton, Capitol Journal
SACRAMENTO - You might think a tax law that rewards companies for killing California jobs and resurrecting them in another state would be dumped. Very quickly. Especially if it also rewards them for selling off property here and rebuilding elsewhere. Or, put another way, if the law provides a tax incentive not to hire or invest in California in the first place. You'd repeal it. A no-brainer. Makes no sense, except for the companies using the loophole while profiting from selling their products here in the nation's largest consumer market.
OPINION
April 23, 2012 | By Donald Shoup
If it is built, the proposed 72,000-seat Farmers Field stadium in downtown Los Angeles will bring many benefits but also major traffic congestion. Despite an optimistic estimate that 20% of patrons will ride public transit on a weekday, and 15% on weekends, the project's environmental impact report says almost 20,000 cars will also arrive for events there. Anschutz Entertainment Group, the stadium's developer, has promised to accommodate all these cars. But AEG should also give patrons an incentive to ride public transit and leave their cars at home.
CALIFORNIA | LOCAL
April 4, 2012 | By Kate Linthicum, Los Angeles Times
The Los Angeles City Council is considering granting economic incentives to the local hotel industry to encourage modernization projects and better pay for workers. In a motion introduced on Tuesday, the council agreed to ask several city departments for reports on how "public benefits" and other incentives could be used to help strengthen the local tourism industry, which the motion said is "lagging behind where it can be. " Hotels, the measure said, are aging and falling behind in energy efficiency, and hotel workers are largely "underpaid and overworked.
BUSINESS
March 12, 2012 | By Jim Puzzanghera and E. Scott Reckard, Los Angeles Times
Homeowners more deeply underwater on mortgages handled by five major U.S. banking firms are prime candidates for getting help from a $25-billion nationwide settlement over alleged foreclosure abuses. That's because the settlement gives the nation's largest mortgage servicers more incentives to help those who owe 40% to 75% more than the value of their homes, according to details of the settlement filed Monday in U.S. District Court in Washington. In a complex series of formulas designed to maximize the effect of the deal reached last month, banks will get more than six times the credit for reducing loans for severely underwater borrowers than they would for helping those who owe 5% to 15% more than the value of their homes.
BUSINESS
February 8, 2012 | By Ronald D. White, Times Staff Writer
Executives from the U.S. hydropower, geothermal and biomass power industries called Wednesday for the passage of a congressional bill that would extend production tax credits to all renewable-energy projects. The leaders were referring to H.R. 3307, the American Renewable Energy Production Tax Credit Extension Act of 2011. The bill has been offered by Reps. Dave Reichert (R-Wash.) and Earl Blumenauer (D-Ore.) and has drawn bipartisan support from more than 60 co-sponsors. Failure to pass the bill, the executives said, would put thousands of jobs across the country at risk, stall active energy projects and make it very likely that few new projects would get the funding necessary to begin.
OPINION
January 29, 2012
If her birth control pills are covered, why aren't my vitamins? That's the point reader Robert Filacchione of Fullerton raised in objection to The Times' editorial Sunday supporting President Obama's proposal that all healthcare plans, including those affiliated with religious organizations, provide access to contraception with no co-payment or deductible. Filacchione wrote: "You say this latest act will preempt potentially serious medical problems. I am a fit, healthy man. I work at it by eating right and running 35 to 40 miles each week.