CALIFORNIA | LOCAL
October 11, 2012 |
Movie producer Joel Silver brought his Hollywood panache to Venice on Wednesday, unveiling plans for revamping the former Venice Post Office as the new headquarters of his Silver Pictures. With Tom Hanks putting in a cameo appearance, Silver and his design and construction team spoke to dozens of invited guests amid the exposed concrete and wires of the 1939 Works Progress Administration building that the producer of "The Matrix" and "Lethal Weapon" franchises recently bought from the downsizing U.S. Postal Service.
CALIFORNIA | LOCAL
October 1, 2012 |
If there's a place in this immigrant hub where all lives intersect, it's the Little Saigon post office. The regulars, grandmothers and mothers who write letters to loved ones week after week greet one another as if at a reunion. The folks who don't earn enough to even have bank accounts wait next to patrons carrying $2,000 purses. Elders are allowed to go to the head of the line out of respect for their age. And single guys check P.O. boxes as regularly as soccer scores, because they don't get mail at their boardinghouses.
CALIFORNIA | LOCAL
September 7, 2012 |
Joel Silver, producer of movie franchises "The Matrix," "Lethal Weapon" and "Sherlock Holmes," has bought the former U.S. post office in Venice and plans to refashion it as the new home of his Silver Pictures. The red-tile-roofed 1939 Works Progress Administration building on Windward Circle has been a beloved fixture in Venice. The interior features a mural painted by Edward Biberman in 1941 with the coastal community's visionary developer Abbot Kinney at its center, surrounded by beachgoers in old-fashioned bathing suits, men in overalls and once-ubiquitous oil derricks.
August 8, 2012 |
The U.S. Postal Serviceis in trouble, and there's no telling whether it will survive. It's been battered by the Internet and a dragging economy, besieged by commercial competitors and stymied in its efforts to trim a costly web of post offices and delivery routes. On Aug. 1, it defaulted on a $5.5-billion payment to the U.S. Treasury for future retiree health benefits. Some think that it's time to privatize the service, bringing an end to one of our oldest federal institutions. The outlook is grim, though the crisis is not unprecedented.
August 7, 2012 |
While thumbing through the household mail one recent day - a bill from the vet, a statement from the bank, 47 come-ons for low-interest credit cards and a birthday card from Grandma - I pondered the following riddle: Why is it that the same conservatives who harped on how an obscure provision of the U.S. Constitution should have invalidated the healthcare reform act never talk about the provision that gives the federal government responsibility for...
May 10, 2012 |
It's fair to say that any business losing almost $1 billion a month needs to rethink it's game plan. And that's what the U.S. Postal Service says it's doing. The Postal Service lost $3.2 billion in the quarter ended March 31, a hefty increase from $2.2 billion in red ink a year earlier. The cause is obvious: Mail volume is plunging as electronic communications become the norm. A record loss of more than $14 billion is forecast for the entire fiscal year. That's a huge chunk of change for a federal agency that receives no tax money.
May 9, 2012 |
WASHINGTON -- The United States Postal Service stayed the sword hanging over thousands of rural post offices, opting instead to cut opening hours in a bid to stem devastating financial losses. The USPS estimates that the plan will save $500 million a year once it is fully implemented in 2014. A previous proposal to close down more than 3,000 rural post offices completely would have saved $200 million a year. Under the proposal outlined Wednesday, 13,167 post offices will open for between two and six hours a day. A spokeswoman for the USPS said no post offices will be forced to close, although communities could choose closure and switch to home delivery.
April 26, 2012 |
The Senate passed a bill aimed at salvaging the United States Postal Service, which is hemorrhaging millions of dollars a day as fewer people send letters and conduct business by mail. The legislation would allow the postal service to reduce its pension and retiree benefit costs and pave the way for service changes. The bill passed by a vote of 62 to 37 Wednesday, after two days of voting on amendments. Sen. Joe Lieberman (I-Conn.), one of the bill's sponsors, said it would put the postal service back on course to financial health.
January 3, 2012 |
Pop star Rihanna has sold her Beverly Hills Post Office-area home for $5.03 million. The house had been listed at $4.5 million in November, substantially less than the $6.9 million she paid two years earlier. The listing describes the house as a "major fixer" with "extensive damage from moisture and water intrusion" at the roof, windows, doors and balconies. Despite the condition, there were four offers on the property. The 8,520-square-foot, three-story contemporary contains a den, media room, breakfast area, three fireplaces, eight bedrooms and 10 bathrooms.