CALIFORNIA | LOCAL
January 18, 2013 | By Dan Weikel, Los Angeles Times
Two high-ranking state officials Thursday called on school districts across California to impose a moratorium on costly capital appreciation bonds while changes are considered to limit their use. Bill Lockyer, state treasurer, and Tom Torlakson, state superintendent of public instruction, sent letters to education officials asking them to avoid using the sometimes risky bonds until the governor and Legislature can weigh proposals to restrict the...
BUSINESS
December 30, 2012 | By Kenneth R. Harney
WASHINGTON — You've probably seen the reverse mortgage pitchmen at work on your TV screen — former Sen. Fred Thompson and actors Robert Wagner and Henry "Fonzie" Winkler prominent among them — urging seniors to pull cash out of their homes through a loan program guaranteed by the federal government. But it looks as if the pitchmen will have fewer and smaller mortgages to sell in 2013. In a move aimed at controlling losses to its insurance funds, the Federal Housing Administration is clamping a moratorium on the most popular form of reverse mortgage — the so-called standard version, which allows large lump-sum drawdowns of cash at fixed interest rates.
WORLD
November 21, 2012 | By David Zucchino
KABUL, Afghanistan -- Eight people were executed by hanging in Afghanistan on Tuesday, ending a virtual four-year moratorium on the death penalty. Officials announced that eight more men are to be hanged on Wednesday. The 16 death sentences were formally approved by Afghan President Hamid Karzai, drawing immediate condemnation from the New York-based Human Rights Watch. The first eight men were hanged Tuesday in Pul-e-Charkhi prison in Kabul after being convicted on charges of murder, rape, kidnapping, robbery and sexual assault.
CALIFORNIA | LOCAL
September 25, 2012 | By Patrick McGreevy, Los Angeles Times
SACRAMENTO - Gov. Jerry Brown signed legislation Tuesday setting a two-year moratorium on closing state parks in the wake of a scandal in which some parks officials hid surplus funds while facilities were threatened with being shuttered. The legislation by Assemblyman Bob Blumenfield (D-Woodland Hills) was in response to the discovery in July that some parks officials had concealed about $54 million in unspent funds even as the governor was proposing to close 70 parks because of a budget shortfall.
CALIFORNIA | LOCAL
September 9, 2012 | By Howard Blume, Los Angeles Times
Charter school advocates are mounting a campaign against a proposed moratorium on new charters in the Los Angeles Unified School District. The moratorium is one provision of a resolution, by school board member Steve Zimmer, scheduled for discussion Tuesday. Any moratorium would violate state law, the California Charter Schools Assn. asserted in a Friday letter to L.A. Unified. The proposal "very clearly violates the Charter Schools Act," wrote the group's general counsel, Ricardo J. Soto.
CALIFORNIA | LOCAL
August 31, 2012 | By Patrick McGreevy and Chris Megerian, Los Angeles Times
SACRAMENTO - In the continuing fallout from the state parks funding scandal, the California Legislature on Thursday approved a two-year moratorium on park closures and proposed allocating $30 million to keep them operating. Facing a midnight Friday deadline to adjourn their two-year session, lawmakers also acted to improve working conditions for nannies and other domestic workers, give driver's licenses to some illegal immigrants, allow seriously ill inmates out of county jails early and ban sexual-orientation "conversion" therapy aimed at making gay teens straight.