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Slain Pardo Victim Now a Deadbeat Renter Death may take a holiday, but not the landlord, as relatives of Alice Ortiz have discovered, according to an L.A. Daily News story. Ortiz was among nine Covina family members murdered by Bruce Pardo on Christmas Eve and now that the mourning's over, Ortiz's l ... More >>
Slain Pardo Victim Now a Deadbeat Renter Death may take a holiday, but not the landlord, as relatives of Alice Ortiz have discovered, according to an L.A. Daily News story. Ortiz was among nine Covina family members murdered by Bruce Pardo on Christmas Eve and now that the mourning's over, Ortiz's l ... More >>
But it's Mark Buse's Freddie Mac connections that go mainstream
But it's Mark Buse's Freddie Mac connections that go mainstream
Indy Mac implodes and Johnny Mac's exposed, as econ guru suffers from recession of the brain
Indy Mac implodes and Johnny Mac's exposed, as econ guru suffers from recession of the brain
Why Arnold terminated bipartisanship
Why Arnold terminated bipartisanship
L.A. considers law to slam door on unethical loans
L.A. considers law to slam door on unethical loans
How Lee Baca bought a $750,000 house with no money down
How Lee Baca bought a $750,000 house with no money down
Amazing story in this week's Los Angeles Business Journal, which has been beating the hell out of the Los Angeles Times in reporting on all the billionaires in L.A. who have lost vast sums — including Kirk Kerkorian, Sumner Restore, Eli Broad — or those whose companies have vanished or might get ... More >>
I actually own this on CD-single, which is either keeping it real, or keeping it really retarded. From the first moments of the reel, one can immediately infer that the film is going to be of quality. Why? The stamp of quality from Mo' Thugs Family Features. Like the ill-fated male fortunetelle ... More >>
Today flyers posted on telephone poles advertising mortgage fixers are as ubiquitous in L.A. as gardeners' business cards. The collapse of the sub-prime mortgage market, combined with a plummeting economy and a questionable sense of rescue created by the Obama administration have led many Californi ... More >>
The UCLA Anderson Forecast, the president and the stock market (on some days) say the recession is over, but banks keep going bust. The latest victim was Santa Monica-based First Federal Bank, which was closed Friday by the federal Office of Thrift Supervision. Pasadena-based OneWest Bank an ... More >>
File photo.Quick, when's the last time you remember flooding in South Los Angeles? Stumped? So are we. Which is why it's so strange that the Federal Emergency Management Agency has forged ahead with new flood-zone maps that show parts of South L.A. in low-lying, flood-prone areas. The result ... More >>
File photo.Suddenly the fictitious flood waters of South Los Angeles are receding: The Federal Emergency Management Agency has backed off its expanded flood zone map that added 876 homes to an area it said was prone to a "hundred-year flood." (Info and revised map). The flood-zone expansion m ... More >>
A Gardena man who told clients he was a former Internal Revenue Service worker and found them too-good-to-be-true deductions was sentenced to six years in federal prison Monday in part for costing the government $2.7 in tax revenue that he illegally shaved from customers' returns through thos ... More >>
A class-action lawsuit has been filed against Anthem Blue Cross in California over the health insurer's planned rate increases, some as high as 39 percent, in the Golden State. Consumer Watchdog, a Santa Monica-based nonprofit, announced the suit Monday, stating that the insurer "used enormo ... More >>
Passage of President Obama's health care package over the weekend could mean health insurance coverage for 32 million uninsured Americans, but it might not mean much for L.A.'s big, public hospitals. An official at the Los Angeles County Department of Health Services, which runs County-USC M ... More >>
A tale of falling home prices
Yesterday we told you about how global trade at the ports of Los Angeles and Long Beach is looking up. More good news: L.A. ranks at the bottom of the top 20 metropolitan areas in the United States when it comes to personal debt.
Does Los Angeles County own you a piece of $45 million? You could easily be one of the 25,200 people the county can't "find" who got screwed shortly after the last California housing bubble collapse in 1991. If you don't know the squirmingly familiar lessons from that disaster, read "Unreal Estate" ... More >>
Credit Score: 575The House Ethics Committee released a report today clearing Rep. Laura Richardson, D-Long Beach, of wrongdoing in her home foreclosure fiasco. But the report discloses some things that don't make her look good. Herewith, the five most delicious disclosures:1. Richardson cal ... More >>
That city manager of the small southeastern L.A. County municipality of Bell who's been in the hot seat for drawing a near-$800,000 salary could see nearly $1.5 million in annual pension and Social Security payments if he leaves the job. Some residents and city officials have called for the ... More >>
Busted! Via L.A. Downtown News, a story worthy of The Onion: Police detectives really working it to clean up the scourge of ... three card monte. Really, isn't there some punk at UCLA with a pyramid scheme who needs to be caught and prosecuted? Or perhaps LAPD should fly to Lagos to catch a ... More >>
Southern California-based Veterinary Pet Insurance Co. is holding its second annual competition for the most unusual pet insurance claim of the year. The twelve finalists of the "VPI Hambone Award" were named on Monday. The award is named after a VPI-insured dog that got stuck in a refrig ... More >>
The Engineers and Architects Association, a union representing 5,000 city workers, ratified a contract that would have the employees pay about five percent of their monthly health-care premiums, up from zero. Los Angeles Mayor Antonio Villaraiogosa's office hailed it as an unprecedented and m ... More >>
Nearly 29 percent of residents of L.A. County younger than 65 didn't have health insurance at some point last year, according to a new UCLA study. That's a staggering 2.7 million people and was significantly higher than the statewide average of 24.3 percent. Researchers blame the recession, ... More >>
Eric BowmanMary Ann Parmelee, who was accused of torturing two loan modification consultants who had scammed her last year, has accepted a plea deal and has been released from jail.Parmelee and her partner, Daniel Weston, formed a Bonnie-and-Clyde pair who built a real estate empire in La Canada ... More >>
via KCETA weekend of illusions?Up to 30,000 homeowners crammed the L.A. Convention Center in recent days seeking help at the "Save the Dream" event -- from which Mayor Antonio Villaraigosa repeatedly tweeted about the efforts by the Neighborhood Assistance Corporation of America to save peop ... More >>
Ted SoquiMeg WhitmanThe head of a state law enforcement union predicted Tuesday that Meg Whitman won't cut police pensions if she is elected governor."I wouldn't think that would be on her radar," said Alan Barcelona, president of the California State Law Enforcement Association, which is backing ... More >>
Ted SoquiMeg WhitmanThe head of a state law enforcement union predicted Tuesday that Meg Whitman won't cut police pensions if she is elected governor."I wouldn't think that would be on her radar," said Alan Barcelona, president of the California State Law Enforcement Association, which is backing ... More >>
Ted SoquiMeg WhitmanThe head of a state law enforcement union predicted Tuesday that Meg Whitman won't cut police pensions if she is elected governor."I wouldn't think that would be on her radar," said Alan Barcelona, president of the California State Law Enforcement Association, which is backing ... More >>
JPMorgan Chase customer finds himself in loan mod hell for following bank's suggestion
Rudy Martinez.Updated after the jump: Nick Pacheco responds, says his firm did not reimburse employees and that the accuser has a history of retaliating against employers. A man who worked for Rudy Martinez supporter Nick Pacheco says the former city councilman's company had employees write ... More >>
HatMA Rolls Royce pension came out of one gritty SoCal city.Pensions and retirement benefits are in the hot seat these days, even in union-friendly L.A. City Hall, where Mayor Antonio Villaraigosa, a beneficiary of labor's support, has asked for concessions to help with L.A.'s looming $400 mi ... More >>
Governor Jerry Brown needs some Arnold applauseJerry Brown's budget is in trouble with legislators, a new poll shows voters turning sour on it, and he may have to delay placing it on the ballot until November -- essentially allowing the California government to continue overspending by millio ... More >>
City Council clueless about vast, hidden costs in Villaraigosa's $6.9 billion budget
City Council clueless about vast, hidden costs in Villaraigosa's $6.9 billion budget
At long last, a small victory for the softest of the pro-immigration bills. The California State Assembly approved the DREAM Act today by a landslide 46-25 vote -- legislation that would allow illegal immigrants who have, against all odds, earned their way into state universities, a chance to ... More >>
Charles Calderon lets special interest groups ghostwrite his laws
If you're young and want to feel good about yourself -- empowered and in control of you life -- there's one easy solution you may not have thought about: Pile on the debt. Amazingly, according to a recent nationwide study, the more credit card debt and college loans that young people aged 18 to ... More >>
If you're young and want to feel good about yourself -- empowered and in control of you life -- there's one easy solution you may not have thought about: Pile on the debt. Amazingly, according to a recent nationwide study, the more credit card debt and college loans that young people aged 18 to ... More >>
zazzle.comTalk about a naughty school girl. With handcuffs, no less. As if the L.A. County Probation Department doesn't have enough problems comes word that an officer allegedly applied for federal student aid she didn't appear to need and pocketed more than $135,000. According to the U.S. ... More >>
L.A. County Federation of Labor Update:9/26, 10 a.m. On Sunday night, workers voted and approved a new contract, ending an eight-month dispute with Ralphs, Vons, Pavilions and Albertsons. According to insiders, workers will pay $7 a week for health insurance, or $15 per week for a family. The ... More >>
R.E.~/FlickrAmerican workers spend about $1,000 a year on coffeeIf one of your resolutions this year is to save more money, you might want to start with your coffee budget. Staffing firm Accounting Principals surveyed 1,000 employed Americans about their work-related spending habits and foun ... More >>
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