CALIFORNIA | LOCAL
March 24, 2014 |
With city budget managers intent on limiting new spending and reining in employee benefits, a coalition of union and political groups is fighting back with a report that suggests Los Angeles City Hall is spending too much on Wall Street and not enough on Main Street. The Fix L.A. Coalition, which is made up of union and liberal political groups, plans to release a report Tuesday that suggests the city could substantially reduce the $204 million in bank and money management fees that it paid last year to Wall Street firms.
March 15, 2014 |
If Leonardo DiCaprio needs to take a breather after his hard-fought Oscar battle, he can retreat to the Palm Springs estate he recently bought for $5.23 million. Set on 1.3 acres in the Old Las Palmas neighborhood, the renovated 1963 estate designed by architect Donald Wexler was once owned by Dinah Shore , the big band-era singer, television show host and avid golfer who died in 1994. The 7,022-square-foot Modernist showplace has floor-to-ceiling glass walls, wooden ceilings, a massive stone fireplace and a sunken bar in the living room.
March 12, 2014 |
Wall Street bonuses grew an estimated 15% in 2013, swelling to an average $164,530, the third-highest amount on record, the New York comptroller's office reported Wednesday. Firms will pay out an estimated $26.7 billion in bonuses to their employees for performance in 2013, state officials said. The estimate includes cash bonuses for that year and deferred compensation from previous years. "Wall Street navigated through some rough patches last year and had a profitable year in 2013," said New York Comptroller Thomas P. DiNapoli . " Although profits were lower than the prior year, the industry still had a good year in 2013 despite costly legal settlements and higher interest rates.
March 5, 2014
Re "A shortage of new homes as builders struggle," March 2 The real reason that new homes are not being built here and across the country is because Wall Street hedge funds have gobbled up available housing stock and are either using them for rentals or holding them un-inhabited, as in Las Vegas, to drive up the market. For these uber-wealthy people, housing is a commodity like gold to be speculated with. They are not investing in new development because they are betting on driving housing prices up by creating a false scarcity.
March 2, 2014 |
"Will you still love me, when I'm no longer young and beautiful?" So asks the musical question in a Lana Del Rey song used as a refrain throughout the recent adaptation of "The Great Gatsby. " In some sense it is a question that Leonardo DiCaprio, who plays the title role, has seemed to be asking audiences ever since the explosive fame of "Titanic" made him an international superstar. DiCaprio is a double Oscar nominee for "The Wolf of Wall Street," as both actor and producer, and along with "Gatsby," the roles showcase him as an artist at a new peak of his powers.
March 1, 2014 |
Growing up, Christopher Navarro used to listen to himself talking on a hand-me-down Kmart cassette tape recorder, then re-record his voice until he had perfected the audio clip. Now 38, the Northern California native channels his childhood pastime in his career as an automatic dialogue replacement mixer, meaning he re-records dialogue by actors in a sound studio during post-production. Though his name won't be read among the official Oscar nominees this Sunday, the ADR mixer for Audio Head and the Formosa Group has his work in four of the nine best picture contenders: "Gravity," "12 Years a Slave," "Her" and "The Wolf of Wall Street.