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OPINION
February 20, 2011
Measure M is one of those voter initiatives that at first glance look a lot more straightforward than they really are. There are, after all, hundreds of medical marijuana dispensaries in Los Angeles ? just look for the green crosses ? that pay state sales tax but not city taxes. Measure M would make them pay their fair share and then some, by imposing a steep gross receipts tax. That sounds like a reasonable way to help the city avoid cuts in public services as it digs itself out of a budget hole.
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NEWS
April 30, 1999 | From Times Wire Reports
New Hampshire found a way out of its school funding jam without imposing a state income tax. The state approved an $825-million school spending plan that relies primarily on a new, uniform, statewide property tax. The plan allows New Hampshire to maintain its status as one of only two states with no general income tax or sales tax. Alaska is the other. Eight other states have no state income tax.
BUSINESS
March 14, 1989
St. Ives Laboratories said its earnings more than tripled to $421,000 in the fourth quarter that ended Dec. 31 from a year earlier, although the profit was boosted by income from investments and a lower tax rate. Sales climbed 8% in the quarter to $22.9 million. The Chatsworth maker of hair care products said it earned $4.5 million in 1988, up 10% from 1987. Sales increased 18% in the year to $103.9 million.
BUSINESS
November 2, 2007 | From Times Wire Reports
Gemstar-TV Guide International Inc. said third-quarter profit rose sevenfold because of a tax benefit as sales climbed 7.1%. Net income increased to $123.2 million, or 29 cents a share, from $17.5 million, or 4 cents, a year earlier, the Los Angeles company said. The results included a $111.4-million tax benefit. Sales rose 7.1% to $159.6 million. The company put itself up for sale in July at the behest of Rupert Murdoch's News Corp., which has a 41% stake. Gemstar shares fell 29 cents to
SPORTS
March 13, 2001 | TIM BROWN
Laker guard Kobe Bryant, stricken by a viral infection, called in sick for a third consecutive day, missing Monday's practice in El Segundo. He is questionable for tonight's game against the Boston Celtics. Bryant has sat out one game, Sunday night's overtime loss to the Seattle SuperSonics. Meantime, he continued to experience the same symptoms, including abdominal cramping and a general malaise. A Laker official who spoke to Bryant on Monday morning said he "sounded awful."
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