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October 10, 2010
In all the Hollywood journalism flicks, is there a more famous one-liner than the one in "All the President's Men" when Hal Holbrook tersely directs Robert Redford to "Follow the money"? It's truer now than ever. Bruce Beattie reminds us of the judicial branch's role in off-the-charts political spending. Dan Wasserman turns up the heat on big "tea party" donors. And Gary Varvel burned the president for deficit spending ? tight in his own backyard tour. So much for the checks. On to the balances.
April 9, 2014 | By Don Lee
WASHINGTON - An account of the Federal Reserve's last meeting suggests that policymakers aren't as eager to take away the punch bowl as the market thought. The minutes of the March 18-19 meeting state that Fed officials worried that their individual projections for when the central bank would start raising interest rates "could be misconstrued" as indicating a shift by the Fed committee to tighter monetary policy. The average projections released after the March meeting showed a slight move forward in the anticipated timing of a Fed rate increase, and Fed Chairwoman Janet L. Yellen herself gave the impression in a news conference that day that a rate hike could be made by mid-2015, earlier than what the market had been expecting.
May 8, 2011
Who: Gwen Stewart, 48 Assets: $117,000 cash, $31,400 in retirement accounts, $1,900 in stocks Debt: None Goals: Buy a home. Replace car. Plan for retirement. Get health insurance coverage. Recommendations: Don't buy a new home until she can show consistent, annual earnings of $86,000. Find a full-time position that provides healthcare benefits. Buy an inexpensive used car. Reallocate retirement investments into a mix of 60% stocks and 40% bonds.
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.
July 28, 2012
Re "Cash-strapped? Not so much," Editorial, July 25 Let's get some perspective. Almost all financial scandals involve losing money, not finding it. Yes, the accounting system for the state Department of Parks and Recreation, which had about $54 million stashed away, needs to be fixed, something infinitely doable in this electronic age. Instead of regarding this as bad news, perhaps we should be congratulating the people whose discovery brought...
August 4, 2012
Re "Is Mars really worth the trip?," July 30 Your headline implies that the $2.5 billion spent on the Curiosity mission to Mars is just thrown away. In fact, NASA pays people (engineers, suppliers and many more), who then spend it on the goods and services that keep our economy strong. Joan Kraus Rancho Palos Verdes ALSO: Letters: Californians, we're hoarders Letters: Let the NRA give something back Letters: Targeting Obama conspiracy theories
July 31, 2012
Fund and unreported amount (in millions) Fiscal Recovery Fund: $679.6 Beverage Container Recycling Fund: 112.9 Employment Development Contingent Fund: 44.5 Energy Resources Surcharge Fund: 35.4 Off-Highway Vehicle Trust Fund: 33.5 Children's Health and Human Services Special Fund: 30.1 Restitution Fund: 28.8 Parks and Recreation Fund, State: 20.4 Underground Storage Tank Cleanup Fund: 12.5 Corrections Training Fund:...
December 14, 2009
Too Much Money A Novel Dominick Dunne Crown: 288 pp., $26
April 5, 2014
Millennials had a rough week on The Times' letters page. In addition to the handful of responses Thursday agreeing with the editorial that criticized student leaders at UC Santa Barbara for calling on professors to flag any potentially distressful class material, recent college graduate Emily Koss' Op-Ed article lamenting her plight as an "over-educated nanny" after 18 years of school didn't draw much sympathy. Those readers whose letters were printed Wednesday faulted Koss for failing to research the job market before deciding what to study.
April 4, 2014
Re "Campaign donor limits grow looser," April 3 Whatever one's politics, we all should be concerned about the corrosive influence of big money on government. More than 100 years ago, Teddy Roosevelt had to struggle with political bosses to get elected and pass reforms. Today's bosses are billionaires who spend millions to influence our politics. The Supreme Court's most recent decision on campaign money (reasoning that political contributions are protected free speech) furthers the sale of our democracy to the highest bidder.
April 3, 2014 | By The Times editorial board
On Wednesday, conservatives on the U.S. Supreme Court continued their project of undermining reasonable attempts by Congress to limit the corrupting influence of money in election campaigns. The same 5-4 majority that lifted limits on corporate political spending in the Citizens United decision struck down long-standing limits on the total amount a citizen can donate during an election cycle. As in Citizens United, the majority held that the restrictions violated 1st Amendment protections for political speech.
April 3, 2014 | By Jessica A. Levinson
Thank you, Supreme Court. Before your decision Wednesday in McCutcheon vs. FEC, Americans were confined to giving a measly total of $48,600 in campaign contributions to federal candidates (enough for about nine candidates) and a total of $74,600 to political action committees. That means individuals were subject to aggregate contributions limits totaling a mere $123,200. Of course, individuals could, and still can, give unlimited sums to independent groups, such as so-called super PACs and other nonprofit corporations.
April 3, 2014 | By Lisa Mascaro
WASHINGTON - The Supreme Court's decision to lift the cap on the amount donors can contribute in a congressional election cycle promises to shift power to the political party's established leaders, who had lost ground to outside groups. With the demise of the $123,200 limit for the two-year election cycle, party stalwarts such as House Speaker John A. Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D-Nev.) will be able to raise multimillion-dollar checks from wealthy contributors for new campaign committees.
April 2, 2014 | By Chris Foster
A former sports agent says he provided payments to a basketball star while the player competed in high school and for UCLA. Noah Lookofsky said Tyler Honeycutt and Honeycutt's mother, Lisa Stazel, were given money to cover rent, travel and the down payment on a car as the agent tried to coax them toward a representation agreement. Lookofsky said during a phone interview Wednesday afternoon that he had documentation proving he invested more than $55,000 in Honeycutt, but that "the true number is actually north of $100,000.
March 30, 2014 | By Anky van Deursen
Question: I have lived in Silicon Valley my whole life. I am 70 years old and retired. I recently applied for housing at an apartment complex and asked the leasing agent what my chances were of getting an apartment. He told me they had received a lot of applications. When I asked if it was worth it to apply at all, he shrugged and said I was "up against some Google people. " I was outraged. Am I being discriminated against, since he implied that I did not stand a chance of being chosen over a person who works for Google?
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