CALIFORNIA | LOCAL
April 22, 2013 |
Los Angeles mayoral candidate Eric Garcetti has amended two years of financial disclosure statements to belatedly report his ownership interest in a Beverly Hills property linked to an oil drilling operation. Garcetti, who has the Sierra Club's backing in his race against Wendy Greuel, signed a 20-year lease in the late 1990s that gave Venoco Inc. the right to drill under the retail property from the company's oil wells at nearby Beverly Hills High School. However, the city councilman from Silver Lake failed to report in his 2010 and 2011 disclosure filings that he co-owned the Wilshire Boulevard property, which houses a hair salon.
April 4, 2013 |
Data may show that the housing markets are in recovery, but a lot of people are still asking: Why buy a home anyway? The housing bust has created great skepticism about the traditional connection between homeownership and the American dream, a survey commissioned by the MacArthur Foundation has found. The How Housing Matters Survey, released Wednesday, found that more than three-quarters of Americans believe we are still in the middle of the housing crisis or that the worst is yet to come.
April 3, 2013 |
Data may show that the housing markets are in recovery, but a lot of people are still asking: “Who really needs to buy a home anyway?” The housing bust has created great skepticism about the traditional equation of homeownership with the American dream, a survey commissioned by the MacArthur Foundation has found. The "How Housing Matters Survey," released Wednesday, found that more than three quarters of Americans believe we're still in the middle of the housing crisis or that the worst is yet to come. QUIZ: How much do you know about mortgages?
April 2, 2013 |
As President Obama pushes for his gun control package, a small town in Georgia has made its feelings known -- for the other side. The City Council of Nelson has approved an ordinance that requires each head of household to own a gun. The legislation passed unanimously and goes into effect in 10 days. Nelson, population about 1,300, is about 40 miles north of Atlanta. The measure contains no penalties and exempts anyone who objects, as well as felons and people with mental or physical disabilities.
March 21, 2013 |
Last year a woman living across the street from Olga Koumoundouros died, and the woman's partner moved away. Their house, saddled with a large second mortgage, was not sold, but seemingly abandoned. Daunted by her own looming mortgage payments, Koumoundouros took a look inside, imagining she might squat there for a while, rent out her own place, and alleviate some financial pressure. She did end up occupying the house on Holyoke Drive in Glassell Park, but more as a socio-aesthetic intervention than as an alternate residence.
March 10, 2013 |
In June 1954, a small advertisement ran in the Wall Street Journal: "Biblical manuscripts dating back to at least 200 BC are for sale. " The commercial offering was the start of a long and controversial path for the Dead Sea Scrolls, a cache of fragmentary writings in Hebrew and Aramaic (with a few in Greek) that were found in caves near the Dead Sea between 1947 and 1956. The ancient documents include early copies of almost every book of the Hebrew Bible and have been called, justifiably, the greatest archaeological discovery of the 20th century.
March 1, 2013 |
Matthew Gordon Lasner is the official biographer of the condominium. (Well, as official as these things get, anyway.) Several years ago, the assistant professor of urban affairs and planning at Hunter College in New York became curious about how condo ownership of apartments, town houses and their legal cousins, co-ops, became ubiquitous in this country in so short a time. "Like everybody else, I just presumed they began in the 1960s and grew from there," Lasner said. But he started digging through legal documents, news reports and historical records, tracing the birth of the "owner-occupied apartment" to a building (alas, long since demolished)
February 23, 2013 |
SPRING CITY, Utah - From a pretty mountain valley, where the spirit of the pioneers who came 150 years ago lives on, one small town took a stand on guns. "All in favor?" Spring City Mayor Eldon Barnes asked at a recent City Council meeting. Four hands shot up quickly at the council table, and the three dozen or so townspeople filling rows of folding chairs looked on approvingly. In a vote of 4 to 1, Ordinance 2013-04-02 moved closer to becoming law. It encourages every individual in the town of about 1,000 to own a firearm.
February 19, 2013 |
The Lakers, a city treasure that sports one of the NBA's highest payrolls and generations of loyal fans, are said to be worth an estimated $1 billion. But will they remain the property of the Buss family after team owner Jerry Buss' death Monday? AEG Chairman Philip Anschutz, who owns Staples Center, the Kings and 27% of the Lakers, has the right of first refusal if the Buss family wants to sell the franchise, according to spokesmen from both AEG and the Lakers. Buss purchased the team in 1979.
CALIFORNIA | LOCAL
February 18, 2013 |
When former Los Angeles City Councilwoman Wendy Greuel led the successful charge to prevent Home Depot from opening a new store in her district, she talked about the potential environmental and traffic drawbacks and accused the chain store of flouting local development rules. One thing she did not mention during the heated debate in the summer of 2007 was that weeks earlier, she had inherited a 50% interest in a competing business - her family's building supply store about nine miles from the proposed Home Depot in Sunland.