March 11, 2014 |
WASHINGTON - Congressional efforts to shut down bailed-out Fannie Mae and Freddie Mac took a significant step forward with bipartisan agreement from key senators on a plan to overhaul the housing finance system. The proposal released Tuesday would slowly shrink the companies and replace them with a scaled-back government guarantee for mortgages. Details are expected to be disclosed in the coming days. Fannie Mae and Freddie Mac, which together own or guarantee about 60% of existing mortgages, were seized by the federal government in 2008 as they neared bankruptcy from bad loans they guaranteed during the subprime housing boom.
CALIFORNIA | LOCAL
March 8, 2014 |
The Marathon Crash Race is officially canceled. But the "fun ride" is on. "The city really, really, really, really wanted me to get a permit," said Don Ward, organizer of the bicycling group Wolfpack Hustle and the annual Marathon Crash Race. "So they worked really hard to get a permit - and as of Friday night, 8 p.m., they got me a permit. " Ward credited officials from the Los Angeles Police Department, the city attorney's office and the mayor's office as key players in helping to obtain a permit to make Sunday's ride a reality.
CALIFORNIA | LOCAL
March 7, 2014 |
The field of contenders became clearer Friday for Los Angeles County government's June election, the first in decades that will have no incumbent on the ballot, as a period for candidates to file papers closed. Term limits are forcing out two county supervisors, and the sheriff and the assessor chose not to seek reelection amid corruption scandals involving their agencies. Topping the list of contenders seeking to replace Zev Yaroslavsky as a western county representative on the Board of Supervisors are former state lawmaker Sheila Kuehl and Bobby Shriver, a former Santa Monica mayor and a member of the Kennedy political dynasty.
CALIFORNIA | LOCAL
March 6, 2014 |
In an already crowded race to replace a retiring congressional veteran, journalist and radio host Matt Miller put his early campaign pitch on YouTube on Thursday morning. Miller, a Democrat and former Clinton administration aide who wants to replace Rep. Henry Waxman (D-Beverly Hills), used a short video clip to outline his reasons for jumping into the race. "I'm running because we need bolder answers on things like runaway healthcare and college costs, climate change and retirement security, not small thinking or symbolic gestures," Miller said in the video. "I'm determined to make this an honest conversation about renewing America," added the co-host of National Public Radio's "Left, Right and Center" public affairs program.
March 5, 2014 |
Adele Dazeem was a big hit at the Academy Awards when she sang "Let It Go" from the Oscar-winning Disney animated movie "Frozen. " And now the exotically named actress will be headlining a Broadway musical. In a social media joke circulating on Twitter, a fake playbill notice for the Broadway musical "If/Then" states that its star, Idina Menzel, will be replaced by her alter-ego, Adele Dazeem. The notice says that Dazeem's previous Broadway credits include the musicals "Nert" (i.e.
March 4, 2014 |
Italian conductor Daniele Gatti, about whom there has been much interest of late, may have been forced to cancel his appearance with the Vienna Philharmonic at Renée and Henry Segerstrom Concert Hall on Monday night due to an inflamed tendon, but he was replaced by an even bigger name, Lorin Maazel. The program of Schubert and Mahler symphonies remained the same. But nothing remained remotely the same. Maazel is a uniquely idiosyncratic interpreter and a uniquely practiced veteran musical manipulator.
February 28, 2014 |
It was late Thursday night when UCLA's short-handed basketball team finally succumbed to Oregon in double overtime, 87-83. The Bruins were able to rally from a 14-point second-half deficit without their two best players, Jordan Adams and Kyle Anderson , who were suspended one game for violating team rules. "I don't know if I've been more proud than I am of this team," Coach Steve Alford said after UCLA fell to 21-7 overall, 10-5 in Pac-12 Conference play. The suspensions meant a much-longer-than-usual night for freshmen Bryce Alford and Zach LaVine , who replaced Adams and Anderson.
February 23, 2014 |
MEZHGORYE, Ukraine - The center of Kiev was relatively calm Sunday after the months of protests that reached their violent apex last week, leaving scores dead in the streets, driving Ukraine's president out of the capital and placing the opposition in tenuous control of this troubled nation. But on the highways leading north of the city, it was a different matter. The roadways were clogged with cars, drivers madly honking, edging their way forward and then parking anywhere they could, leaving people to continue on foot.
February 22, 2014 |
Workers at Northrop Grumman Corp.'s 1-million-square-foot El Segundo facility on Aviation Boulevard have been cranking out fuselage sections for the Navy's F/A-18 fighter jet for decades. But now, the end may be near. Since entering service in 1983, the lithe twin-engine fighter-bomber has been a symbol of U.S. military might, catapulting from aircraft carrier decks and obliterating targets in the sky and on the ground. Today there are increasing fears that the F/A-18 Super Hornet assembly line may be shut down because of dwindling orders, as the Navy prepares for a new generation of warplane -- the controversial F-35 Joint Strike Fighter.