YOU ARE HERE: LAT HomeCollectionsMoney


February 24, 2007 | William C. Rempel, Times Staff Writer
THE official end of the notorious Cali cocaine cartel came late last year here with little more commotion than the rap of a judge's gavel. The Colombian drug lords Miguel Rodriguez Orejuela, 63, and Gilberto Rodriguez Orejuela, 67, entered guilty pleas and were ushered off to federal prison for the next 30 years -- no Miami Vice-like dramatics, no bodies riddled with gunfire in the manner of Medellin rival Pablo Escobar.
April 27, 2014 | Times Editorial Board
Some 50 political leaders from nine Western states gathered in Salt Lake City this month to discuss plans to wrest control of millions of acres of public lands from the federal government. One wonders whether, like a dog chasing a car, they've figured out what they would do with the land if they got hold of it? In any case, that's unlikely to happen, based on decades of court battles and settled law. Nevertheless, these angry legislators and local commissioners seem determined to waste time and energy on this futile effort, propelled by a warped sense of history and priorities.
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 26, 2014 | By Tiffany Hsu
Alexander McQueen, the late British designer and high fashion's enfant terrible , wasn't the type to hang around a discount mall alongside a Riverside County freeway. But that's where his eponymous label opened its first U.S. outlet store a few days ago. In addition to McQueen - the label responsible for Kate Middleton's royal wedding dress - powerhouse brands Helmut Lang and Belstaff also launched their first North American outlets in the same mall, Desert Hills Premium Outlets.
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
March 27, 2013 | By Carla Hall
It looks like the trustees of the Museum of Contemporary Art have put their money where their mouths are. They have been talking about an ambitious plan to quadruple the roughly $23 million endowment to $100 million, and on Tuesday, they put out an announcement that they had obtained commitments in the last two weeks for enough money to get them to $60 million. That's a great start, and a quick one too. The Times' editorial board recently said we'd like to see MOCA remain independent if that's financially possible.
October 27, 2013
Re "Secretive groups fined a state record $16 million," Oct. 25 There they go again. Secretive political groups cite the U.S. Constitution to defend their shadowy solicitation of massive sums from anonymous, megabucks donors to fund campaign propaganda. The 1st Amendment's guarantee of freedom of expression, like the 2nd Amendment's right to bear arms, should be considered in light of late 18th century life. At the time, no one imagined modern assault weapons. Similarly, the modes of mass communication in the 1700s were town criers and primitive printing presses, and proponents of their messages were easily determined.
April 24, 2014 | By Patrick McGreevy
SACRAMENTO - State authorities Thursday imposed $40,000 in fines against Sen. Tom Berryhill (R-Modesto) and two GOP committees after finding that the lawmaker laundered that amount of political money into his brother's 2008 Assembly campaign. The state Fair Political Practices Commission voted unanimously to uphold an administrative law judge's ruling that Berryhill committed a "serious and deliberate" violation of California's campaign finance laws. The commissioners decided in a 20-minute closed session to include in the fines the Stanislaus County and San Joaquin County Republican central committees for their role as conduits in passing $40,000 from Berryhill to his brother's successful campaign.
April 24, 2014 | By Patrick McGreevy
SACRAMENTO -- A campaign finance watchdog panel decided Thursday to levy $40,000 in fines against state Sen. Tom Berryhill (R-Modesto) and two GOP committees after concluding that the senator laundered a like amount of  political funds to his brother's 2008 Assembly campaign. The state Fair Political Practices Commission voted unanimously to uphold an administrative law judge's ruling that Berryhill committed a “serious and deliberate” violation of campaign finance laws. The FPPC decided after a 20-minute closed session to also fine the Stanislaus County and San Joaquin County Republican central committees for their role as conduits to pass $40,000 from  Berryhill to the Assembly campaign of Bill Berryhill.
April 24, 2014 | By Robert Faturechi
Just like it did to booksellers and travel agents, the Internet is rendering obsolete  money launderers inside brick-and-mortar casinos. According to a report released Thursday, the world's criminals are increasingly laundering their ill-gotten gains on pseudo-legal gambling sites. Unlike their brick-and-mortar counterparts, the Web services allow criminals to hide their identities with cryptocurrencies such as Bitcoin, and muddy their whereabouts. Users, for example, can mask their true locations and make it seem to law enforcement that they're located in another state or abroad.
April 23, 2014 | By Patrick McGreevy
SACRAMENTO - Stirred up by a series of Capitol scandals, four candidates for California secretary of state clashed at a forum Wednesday over who is best suited to restore voter faith in state government. Candidates Alex Padilla, Dan Schnur, Pete Peterson and Derek Cressman also challenged one another's ideas for reducing the corrupting influence of big money in state government. The event sponsor, the Sacramento Press Club, did not invite the three other candidates for the job . State Sen. Alex Padilla (D-Pacoima)
April 23, 2014
Re "Money won't buy you votes," Opinion, April 20 Law professor Peter H. Schuck makes the ridiculous suggestion that because the amount of money spent in the 2012 election was considerably less than what Americans spent on cosmetic surgery in 2011, we shouldn't worry about it. Then he notes that campaign spending as a share of the gross domestic product has not risen appreciably for more than a century. Why should campaign spending be related to economic output? Schuck cites a study finding that an extra $175,000 in campaign spending increases a candidate's vote tally by a third of a percentage point.
April 20, 2014 | By Donie Vanitzian
Question: Our homeowner association's president explained to our board how the budget process actually works. She said: "You start by working out how much you can get out of the homeowners, then you go to the Budget and Reserve Study to figure out how to get that result. The reserve study company will work with us by doing a couple of go-arounds to get us to the result we want. " Am I being naive to think the job of a reserve study company is to come up with realistic numbers, instead of numbers that fit the board's agenda?
January 1, 2012
One of the most fascinating displays at the Visitor Center of the Western Currency Facility explains the work of the 19 examiners of the bureau's Mutilated Currency Division. They're the people who piece together damaged money for people who want their bucks back. One of them was a farmer from Iowa. "A cow came up and ate the wallet out of his back pocket," said Charlene Williams, the facility's director. "He had plenty of filet mignon and beef from the cow, because he killed the cow, took the stomach, boxed it up and sent it in. " In another case, a dying man from Texas confessed to his wife that he'd been stashing money for their retirement behind the furnace.
April 20, 2014 | By Peter H. Schuck
Campaign finance reformers are worried about the future. They contend that two Supreme Court rulings - the McCutcheon decision in March and the 2010 Citizens United decision - will magnify inequality in U.S. politics. In both cases, the court majority relaxed constraints on how money can be spent on or donated to political campaigns. By allowing more private money to flow to campaigns, the critics maintain, the court has allowed the rich an unfair advantage in shaping political outcomes and made "one dollar, one vote" (in one formulation)
April 18, 2014 | By Soumya Karlamangla
Los Angeles' Ethics Commission is calling for an increase in public funding available to candidates seeking city office. The city currently provides $2 for each dollar a candidate raises in primary elections, and $4 for each dollar contributed in two-way runoffs in general elections. On Thursday, the panel recommended the city match be increased to $6 in both primary and general elections. "You want to allow people to talk to constituents, not just donors, and I think that increasing the match will reduce the amount of time you have to spend fundraising," said Jessica Levinson, vice president of the commission and a professor at Loyola Law School.
Los Angeles Times Articles