OCCUPY TO SAVE A 79-Year-Old Retired School Teacher’s HOME As Senator and Council Ask for Responsible Banks, Occupy LA Focuses on Foreclosures* Los Angeles – Wednesday, members of Occupy LA will be occupying the foreclosed South Central home of Mrs. Faith Parker, a 79-year-old retired school teacher, who fights eviction as a result of Bank [...]
Robert Reich: Today’s quiz: At a time when California’s Republican gubernatorial candidate Meg Whitman is losing ground to her Republican rival in the primary because of her ties to Wall Street…when Wall Street is political poison, why are politicians still so intent on doing its bidding?
John Gallogly: There are always going to be those who say the arts are a luxury we can’t afford. The truth in Los Angeles — according to Jack Kyser, chief economist for LA, Inc, and author of the 2009 Otis Report — is that the arts are an economic engine that employ over 35,000 people directly and contribute at least that many jobs indirectly in tourism, restaurants, printing and ancillary businesses, not to mention the economic multiplyer at other local businesses where those employees shop like grocery stores.
Adam Eran: Niello’s hearing is yet another bit of evidence that, no matter what the facts, the Republican narrative remains constant: We must reduce taxes and regulation, even if lack of effective regulation produced the current less-than-optimum outcome. And although “deficits don’t matter,” no matter how low they are, taxes are too high, especially on the wealthy.
As Los Angeles teeters on financial ruin, with the possibility of municipal workers being laid off or forced to take unpaid leave, unruly crowds turn a night of celebration for the city into a night of destruction following the Los Angeles Lakers’ 99 to 86 NBA Finals victory over the Orlando Magic. Witness for yourselves [...]