BUSINESS
April 5, 2011 | By Marc Lifsher, Los Angeles Times
Through the depths of the recession, major Wall Street banks and other financial institutions spent nearly $70 million in California to try to defeat or water down California legislation aimed at slowing real estate foreclosures. The money, spent on lobbying fees and political contributions, came from 2007 to 2010 — at the same time the banks were getting billions of dollars in federal taxpayer bailouts to keep them from collapsing. A report commissioned by the Alliance of Californians for Community Empowerment criticized the banks and mortgage lenders for spending the money in the political arena rather than working harder to keep people in their homes.
ENTERTAINMENT
November 5, 2010 | By Scott Collins, Los Angeles Times
The abrupt suspension of MSNBC host Keith Olbermann for making donations to Democratic candidates has ignited a national debate over journalistic objectivity and media partisanship, with many critics, including a U.S. senator, questioning the motives of network parent General Electric as it prepares to hand the No. 2 cable news outlet to new owners. "Is this simply a 'personality conflict' within MSNBC or is one of America's major corporations cracking down on a viewpoint they may not like?"
CALIFORNIA | LOCAL
July 16, 2010 | Maeve Reston
Carly Fiorina may be closing in on California Sen. Barbara Boxer in recent polls, but reports released Thursday show the three-term incumbent with a vast advantage in one very important area: money. Campaign finance figures released by the campaigns showed Boxer with nearly 12 times the cash on hand as Fiorina — $11.3 million to $952,786 — after a six-week reporting period that ended June 30. Boxer, a Democrat who did not have any significant primary opposition and got an infusion of cash from events with President Obama, also outpaced Fiorina in fundraising from other sources over the six-week period.
CALIFORNIA | LOCAL
April 19, 2010 | By Seema Mehta
California Democrats closed their annual convention in Los Angeles on Sunday in a dour frame of mind, with the country's economic troubles -- and resulting voter antagonism -- presenting some unusually sharp challenges ahead of November's midterm elections. Republicans nationwide have been energized in their opposition to President Obama and are being fueled by the momentum of the "tea party" movement. "We have to match that enthusiasm," Sen. Barbara Boxer (D-Calif.) told reporters this weekend.
CALIFORNIA | LOCAL
April 19, 2010 | By Margot Roosevelt
Oil companies and conservative activists poured nearly $1 million last week into their campaign to place an initiative on the November ballot that would delay enforcement of California's global warming law. The effort, which also sought to enlist "tea party" activists, came as organizers failed to meet their original goal of gathering the 433,000 necessary signatures by Friday. But with the infusion of $930,000 to pay signature gatherers, bringing the total to $1.9 million, "We will all do what it takes to win," said Assemblyman Dan Logue (R-Marysville)
CALIFORNIA | LOCAL
April 18, 2010 | George Skelton, Capitol Journal
The most important thing to know about Proposition 16 on California's June ballot is that it was written and bankrolled by Pacific Gas & Electric Co. for the benefit of PG&E. There'd be nothing wrong with that, necessarily, if its customers also benefited. But Prop. 16 seeks to lock them into the private utility's grasp without any realistic opportunity of ever escaping to an electricity provider with cheaper rates. And it would apply to the customers of any private -- or "investor-owned" -- utility, such as Southern California Edison or San Diego Gas & Electric.