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OPINION
May 31, 2012
Re "A lifeline for L.A. schools?," Column, May 26 After reading Sandy Banks' column, I decided to do a little fact checking for elementary through secondary school funding. I went to the most recent U.S. Census report, which has data from 2009. Here is what I found: California spends about $61 billion a year, the most of any state. Per-pupil spending is $9,657; the U.S. average is $10,499. California is ranked 30th of the 50 states in per-student spending.
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SPORTS
April 24, 2014 | By Chris Foster
Anthony who? The armchair speculation about UCLA's defense this spring has centered on how the Bruins will replace Anthony Barr, the All-American linebacker who is expected to be a top-10 pick in the NFL draft. The Bruins have devised two answers to fill that void: scheme adjustments and Myles Jack. Jack was named to the Freshman All-American team by the Sporting News last season, and was the Pac-12's defensive and offensive freshman of the year after a late season run at running back.
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BUSINESS
February 15, 2012 | By Jim Puzzanghera
House Republicans on Wednesday criticized spending by the Consumer Financial Protection Bureau, whose budget will increase by 26% in 2013 to $448 million, saying lawmakers have no say over how the agency doles out the money. “If they spend $100 million on paper clips, we can't even say, 'Wait a minute, you can't do that.' Next year we're going to cut their budget,” said House Financial Services Committee Chairman Spencer Bachus (R-Ala.). “We have absolutely no control.” The committee summoned the agency's newly installed director, Richard Cordray, to a hearing on the agency's spending plans for 2013 and criticized some of the salaries it has been paying and, more broadly, what they said was a lack of detail on its budget.
CALIFORNIA | LOCAL
April 23, 2014 | By Brian Bennett, Kate Mather and Joseph Serna
Security experts say it's important to thoroughly trace what transpired over the approximately six-hour period that a 15-year-old apparently went undetected at Norman Y. Mineta San Jose International Airport  before stowing away in the wheel well of a Hawaiian Airlines jetliner traveling to Maui. According to a federal law enforcement source who spoke to The Times on the condition of anonymity because he was not authorized to comment on the case, a security camera at the airport recorded video of a person coming over a perimeter fence at the airport just after 1 a.m. Sunday.
NATIONAL
February 19, 2011 | By Lisa Mascaro and Kathleen Hennessey, Tribune Washington Bureau
The House has approved a sweeping package of budget cuts that, if enacted, would shrink the federal government's role in American life, curtailing its involvement in healthcare, social services, environmental regulation, child care and research. The bill, approved 235-189 Saturday with overwhelming Republican support and over united Democratic opposition, would reduce federal spending by more than $60 billion over the next seven months. It represents the completion of the top objective of the new Republican majority and its emboldened wing of budget hawks and government critics.
NEWS
April 3, 2012 | By Morgan Little
After a report exposed lavish spending by the General Services Administration at a four-day conference in Las Vegas, a member of Congress says he will hold a hearing to probe the agency's stewardship of taxpayer money. Rep. John Mica (R-Fla.), chairman of the public buildings subpanel of the House Transportation and Infrastructure Committee, said he would lead a hearing "to hold GSA accountable for taxpayer waste and inefficiency," once Congress returns from recess April 16. An inspector general's report detailed $822,000 in expenses for the 2010 conference in Nevada, including a $100-plus-per-person reception and $6,325 for commemorative coins to commend GSA employees' work on the stimulus package.
NEWS
May 26, 2012 | By Kim Geiger
WASHINGTON -- When a website affiliated with the Wall Street Journal ran a column earlier this week that claimed that under President Obama, “federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s,” it didn't take long for the claim to catch fire. The column was written by Rex Nutting of MarketWatch, a financial news site owned by Dow Jones & Co. In just one day, a graphic that juxtaposed Nutting's conclusion with a quote in which Republican presidential candidate Mitt Romney accuses Obama of accelerating federal spending “at a pace without precedent in recent history,” went viral on Facebook.
OPINION
December 20, 2010 | By Bill Lockyer and Stephen Levy
In the last month or so, an echo chamber of insults has engulfed California. An online opinion editor for the Wall Street Journal even called California "the Lindsay Lohan of states," describing our state as having squandered its promise. Critics have suggested the state will default on its debt payments, that it is addicted to spending and that it has a hostile business climate. The criticism is long on inflammatory rhetoric, but it lacks any evidentiary foundation. First, let's look at the default threat.
CALIFORNIA | LOCAL
February 25, 1992
In response to "Changing the Guard Won't Help Taxpayers," by Tom Bethell, Column Right, Feb. 16: Tom Bethell is correct in pointing out the outrageous cost of our current system whereby congressmen are only rewarded for spending within their own districts. However, his proposal to tax congressional districts in proportion to the spending their congressmen vote for would result in the government shutting down due to its unwillingness to spend anything. There is a better way to overcome the ill effects of congressmen who put their districts, i.e. their jobs, ahead of the health of the country.
NEWS
April 17, 2012 | By Morgan Little
WASHINGTON -- The General Services Administration official who was the first to bring attention to excessive spending taking place at a 2010 conference in Las Vegas testified Tuesday to support the government's investigation and subsequent dealings with the agency. Deputy Commissioner Susan Brita told those attending Tuesday's House Transportation and Infrastructure subcommittee hearing that "I share your anger and disappointment in GSA's conduct. " Brita initially informed Robert Peck, the former commissioner of the Public Buildings Service, of her concerns about the need for the conference, and has since aided in Inspector General Brian Miller's examination of the GSA. Peck was one of two deputies fired from the GSA following the resignation of the agency's administrator, Martha Johnson.
SPORTS
April 20, 2014 | By Eric Pincus
The NBA has raised its salary-cap projection for the 2014-15 season from $62.9 million to $63.2 million. The current salary cap for the 2013-14 season is $58.7 million. The new cap number, which won't officially be set until the NBA completes its annual audit in early July, would represent a climb of $4.5 million. The Lakers could have a maximum of $28.2 million in cap space to spend this off-season, provided they renounce the rights to all their free agents, which allows the club to stretch out the final $9.7 million of Steve Nash's contract over three years (at just over $3.2 million a season)
OPINION
April 20, 2014 | By Peter H. Schuck
Campaign finance reformers are worried about the future. They contend that two Supreme Court rulings - the McCutcheon decision in March and the 2010 Citizens United decision - will magnify inequality in U.S. politics. In both cases, the court majority relaxed constraints on how money can be spent on or donated to political campaigns. By allowing more private money to flow to campaigns, the critics maintain, the court has allowed the rich an unfair advantage in shaping political outcomes and made "one dollar, one vote" (in one formulation)
ENTERTAINMENT
April 19, 2014 | By Mary McNamara, Los Angeles Times Television Critic
In this age of try-anything television, it's difficult to understand why Lifetime chose to cram the Terry McMillan novel "A Day Late and a Dollar Short" into a single made-for-TV movie. Rich with plot and pathos that address difficult issues, including addiction and sexual abuse, the story could easily have sustained an abbreviated miniseries or two-part "special event. " As a movie, however, it just wastes the considerable talents of its cast by force-feeding the audience a hard-to-swallow meal that is by turns bitter and treacly.
SPORTS
April 19, 2014 | Bill Plaschke
There was less than a minute remaining, the score was tied, and where was the Clippers' most valuable player, biggest star and human billboard? Blake Griffin was standing on the sidelines having just fouled out. He was angrily staring up at the giant video screen. In his right hand he was holding a paper cup filled with water. Suddenly, he shouted something, spread his arms out in disgust, and dumped the entire cup over his right shoulder. Where it, um, coincidentally emptied upon a courtside fan wearing a Golden State Warriors T-shirt.
CALIFORNIA | LOCAL
April 18, 2014 | By Chris Megerian
SACRAMENTO - Soon after Jerry Brown was elected governor in 2010, he invited the state's top budget official, Ana Matosantos, to lunch at his office. He had just two months to prepare his first plan for tackling California's $26-billion deficit. He asked his assistant to fetch the budget director a sandwich. Then, Matosantos said, the incoming governor of one of the world's largest economies ate a single hard-boiled egg, sprinkled with salt. Brown's dietary discipline was a hint of the regimented approach he would take to California's staggering financial problems, which he had promised to fix by pushing the state back into the black.
BUSINESS
April 18, 2014 | By Chris O'Brien
Across Silicon Valley, venture capitalists and entrepreneurs are busy chanting: "Not a bubble. Not a bubble. Not a bubble. " But with venture capital numbers reaching levels not seen since the dot-com bubble days, the question of whether things in Silicon Valley are a bit too frothy is getting harder to dismiss.  PHOTOS: Top 5 tech acquisitions of 2014 so far According to the latest MoneyTree report released Friday, venture...
NATIONAL
February 9, 2009 | Washington Post
The Obama administration's economic stimulus plan could waste billions by attempting to spend money faster than an overburdened government acquisition system can manage and oversee it, according to documents and interviews with experts. The stimulus legislation under debate in Congress includes provisions aimed at ensuring oversight of the massive infusion of contracts, state grants and other measures.
BUSINESS
March 29, 2011 | By Richard Verrier, Los Angeles Times
In a bellwether of a recovering economy, advertisers are spending more money at the movies. Cinema advertising — the dollars that advertisers spent to sell their products in theaters — rose nearly 13% to $658.3 million in 2010, from $584.1 million in 2009, according to a report released Monday by the Cinema Advertising Council, a trade group that represents movie ad sellers. Sales rose across the board, with jumps in local, regional and national advertising sales. It marks the eighth consecutive year that advertising spending in theaters has increased, the council said, and reflects an improved economic climate that has spurred advertisers to spend more money.
CALIFORNIA | LOCAL
April 17, 2014 | By Kate Linthicum
Thousands of immigrants seeking protection in the United States have spent months in detention waiting for the government to determine whether they may have legitimate cases, even though regulations say they should receive a determination within 10 days, according to a class-action lawsuit filed Thursday. The lawsuit, which was brought by two California chapters of the American Civil Liberties Union and the Chicago-based National Immigrant Justice Center, claims the government violated the law and needlessly spent tens of millions of taxpayer dollars on detention.
OPINION
April 16, 2014 | By The Times editorial board
When the city of Los Angeles established its "1% for the Arts" program more than two decades ago, the rationale was that commercial and municipal development takes a toll on the visual landscape of the city. To mitigate that, and to contribute to the artistic vitality of the city, developers were required to pay a fee equal to 1% of the construction value. That money was supposed to pay for art in public places. It was a smart idea to set up the Arts Development Fee Trust Fund. But it's dumb not to spend it. A recent audit by City Controller Ron Galperin found that $7.5 million was languishing in the portion of the fund that is bankrolled by developers and earmarked for public art projects, cultural events and performances.
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