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.
October 2, 2012 |
Who's the most influential billionaire business figure in national politics? If you answered one of the Koch brothers (Charles or David) or George Soros, you're wearing your partisan blinders. The former are known for their devotion to conservative causes, the latter to liberal. In either case, you're wrong. The most influential billionaire in America is Peter G. Peterson. The son of Greek immigrants, Peterson, 86, served as Commerce secretary under President Nixon, then became chairman and chief executive of Lehman Bros.
April 9, 2013 |
Are you a recent college graduate with a big pile of loans? Are you at mid-career and finding your paycheck doesn't match your spending? Have you inherited a bunch of money and want to make sure you don't blow it? Have you retired but are worried that your savings won't last? Whatever your situation, a financial tuneup can't hurt. The Los Angeles Times' Business section is looking for people to feature in a series of money makeover stories, which bring a reader together with a professional advisor.
September 24, 2010
'Wall Street: Money Never Sleeps' MPAA rating: PG-13 for brief strong language and thematic elements Running time: 2 hours, 7 minutes Playing: In general release
July 11, 2013 |
As if the consequences of the Supreme Court's 2010 Citizens United ruling weren't already clear, four graphs released Wednesday provide a compelling visual to stand beside the piles of mounting evidence. See here: Non-Party Independent Expenditures in House and Senate Elections, 1978-2012 For candidates in both parties, the trend line was ticking up years before the court ruled in Citizens United that the government had no role in limiting the political speech of corporations.
November 7, 2010
Whether they touted Meg Whitman or the legalization of marijuana, urged raising taxes for parks or scuttling (or preserving) the climate change law, it seemed as though all of this year's political campaigns promised they were good for California's economy. In a way, it was true. The campaigns and their allied forces poured hundreds of millions of dollars into the state. Sure, most of it went for advertising and consultants, but think trickle-down economics: Mountains of pizza were bought for those late-night strategy meetings.
December 25, 2012
Re "Pressure mounts on U.S. to curtail aid to Rwanda," Dec. 21 This article casually mentions the killing of about 5 million people in Congo, many of them by rebels assisted by Rwanda, which receives U.S. aid. I was under the impression that the civilized world (which includes the U.S., although after recent events one wonders) had agreed with the Jews after World War II to adopt the motto "never again. " Now it appears to have changed to, "Well, it's OK as long as they are not white.
May 16, 2013 |
The media coverage and much of the public perception of the Los Angeles mayor's race have relentlessly focused on the money Los Angeles' labor movement is spending to elect Wendy Greuel, and on the wages and benefits of city and other employees that could be affected by the outcome of the mayoral runoff. That is the primary prism through which most journalists view the unions' role in the race. Talking about who contributes what to which campaign - and who benefits - is a fair discussion.
April 1, 2012 |
Dear Liz: My husband and I are nearing 60. The company where we both have worked for over 30 years recently merged with another firm. The money in our retirement accounts, which totals several hundred thousand dollars, will be distributed to us, and we need to figure out how to manage it. We took your advice to interview several fee-only financial planners, and all of them are pushing for wealth management. They would manage the money in exchange for a percentage of the assets.
March 30, 2014
Re "Sacramento's sickness," Editorial, March 28 Banning state lawmakers from raising money during the Legislature's session is a Band-Aid that would create an uneven playing field, where opponents could raise unlimited funds while an incumbent's hands were tied. It would also make matters worse by driving special interests to fund independent expenditure committees to work on behalf of legislators who were prohibited from accepting contributions. It also is unworkable: A legislator who wanted to run for another office would be unable to amass the funds to do so. And perhaps the worst effect: It would force incumbents into a month of frantic fundraising before ballots are mailed, exactly when they should be attending candidate debates and interacting with voters.