CALIFORNIA | LOCAL
December 7, 2012 |
Despite receiving a slew of hate mail, All Saints Church in Pasadena is moving forward with a conference hosted by the Muslim Public Affairs Council - the first time the organization has conducted a national convention at a Christian church. All Saints Rev. Ed Bacon described the emails his congregation received as "some of the most vile, mean-spirited emails I've ever read in my life. " "When we scheduled this event, we had absolutely no anticipation that we would have this kind of response," Bacon said, adding that none of the emails made actual threats.
CALIFORNIA | LOCAL
December 2, 2012 |
Jeffrey Cote was driving home from work one evening this spring when he noticed a light on inside Unit 312 of the Little Tokyo Lofts. This was the industrial loft he had bought in downtown Los Angeles for $647,000 - with no money down - at the top of the market in 2007. He thought it would be a great investment. It was also the loft he had abandoned less than two years later, after filing for bankruptcy and expecting the bank to foreclose. The loft was still in Cote's name, so the light surprised him. A few weeks later, he and his girlfriend decided to investigate.
November 29, 2012
Re "Lender uses fear as a sales pitch," Column, Nov. 27 I sometimes receive the letters attempting to trick homeowners into expensive refinancing that David Lazarus warns about, and there's a sure-fire way to tell if they are legitimate without even opening the envelope: If the indicia (the box printed in the upper right corner) says "standard mail," immediately throw it into your recycle bin. "Standard mail" is the Postal Service's name for junk mail. Any legitimate company would send mail about potential problems with your mortgage as first-class mail, not at lower-rate bulk prices.
CALIFORNIA | LOCAL
November 27, 2012 |
SACRAMENTO - Former campaign treasurer Kinde Durkee agreed Tuesday with a recommendation by federal prosecutors that she be sentenced to eight years in prison for stealing $7 million from as many as 50 political clients, including U.S. Sen. Dianne Feinstein. Such a punishment "is a just and appropriate sentence," says a court filing by Durkee's attorney, Daniel V. Nixon, on the eve of her sentencing. The 15-page filing, set to be considered Wednesday by U.S. District Judge Kimberly J. Mueller in Sacramento, is the first detailed explanation Durkee has offered about what happened to the money she stole.
November 3, 2012 |
Warren Buffett: party boy? It's no secret that the octogenarian Oracle of Omaha knows how to get down. He plays pingpong at shareholder meetings for his investment firm Berkshire Hathaway Inc. He plays the ukulele on television. He has sung songs while dressed as a paperboy, a rapper and rocker Axl Rose of Guns N' Roses. Now, the multibillionaire financier can have even more good times, with his purchase Friday of discount party goods retailer Oriental Trading Co. The mail-order merchant sells a cornucopia of more than 40,000 party supplies, crafts, school supplies, toys and novelties directly to consumers.
October 16, 2012 |
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September 21, 2012 |
NEW YORK — More checks are in the mail for financier Bernard Madoff's victims, nearly four years after his epic Ponzi scheme collapsed. Irving Picard, the trustee overseeing the liquidation of Madoff's firm, mailed checks worth nearly $2.5 billion Wednesday. The distribution satisfies about half of the allowed claims filed by Madoff investors, Picard's office announced Thursday. The average payment: slightly more than $2 million. The trustee's office says it has now distributed a total of $3.6 billion to Madoff victims.
August 8, 2012 |
The U.S. Postal Serviceis in trouble, and there's no telling whether it will survive. It's been battered by the Internet and a dragging economy, besieged by commercial competitors and stymied in its efforts to trim a costly web of post offices and delivery routes. On Aug. 1, it defaulted on a $5.5-billion payment to the U.S. Treasury for future retiree health benefits. Some think that it's time to privatize the service, bringing an end to one of our oldest federal institutions. The outlook is grim, though the crisis is not unprecedented.
August 7, 2012
Few members of Congress want to take away your Saturday mail delivery or close your underused local post office - or at least, not shortly before election day, when such actions might come back to haunt them. That explains a lot about why Congress has cravenly failed to take the necessary action to put the U.S. Postal Service on a path to solvency, instead forcing it to default last week on a required $5.5-billion payment toward the health benefits of future retirees. The irony is that one of the best and boldest routes Congress could take is also the one that largely absolves it of responsibility: It should let the post office solve more of its own problems.