Prime Healthcare has decided not to buy six California health care facilities, a highly controversial transaction that was approved under unprecedented conditions by Attorney General Kamala Harris last month. Officials for the financially strained Daughters of Charity Health System chain say failure to complete the sale will force them to file for Chapter 11 bankruptcy.
The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)Calpensions: A California plan to give private-sector workers a state-run retirement savings plan is nearing $1 million in contributions, the goal set to pay for a market analysis to help design the program. Although the California plan is still in the formative stage, last week the Illinois legislature approved a plan based on the California model, even using the same name, “Secure Choice.”
Merced County pensions may have the lowest funding level of any public pension system in California, a shortfall officials attribute to a big retroactive pension increase for all county employees a decade ago and faulty actuarial work. In the latest annual public pension report from the state controller’s office, Merced County stands out with the lowest level of funding in the last reported year, 54.7 percent in 2010-11.
An artist's rendering of the California bullet train. (Photo: HSR)Dan Richard, the chair of the California High Speed Rail Authority, is a man in the middle. The middle of court fights, the middle of political fights, the middle of a fight over California’s future. “The rest of the developed world has moved energetically to adopt high-speed rail. We will too,” Richard says. He may be right.
A web page of the L.A. Times viewed through a magnifying glass. (Photo: Gil C., via Shutterstock) For the 133-year-old Los Angeles Times and other print news publications adapting to the digital media age, the only thing that’s certain is an uncertain future. That became clearer than ever when the Tribune Company announced last week that on Aug. 4 it will create a new corporation known as the Tribune Publishing Company to take over its eight newspapers, including the L.A. Times and Chicago Tribune.
A view toward the Bay Bridge, via Chinatown. (Photo: Christian Mehlfuhrer)ANALYSIS: Los Angeles County is home to more than 26% of all Californians. But when it comes to running for statewide office, being from Los Angeles may be more of an obstacle than a political advantage. While the people may be in Los Angeles, the largest chunk of the state’s voters – those who actually cast ballots — come from the nine counties in the San Francisco Bay Area.
Giant crane handles a ship's cargo at the Port of Long Beach. (Photo:From Humboldt Bay in the north to San Diego in the south, California’s 11 ports generate more than $40 billion in annual economic activity. The Ports of Long Beach and Los Angeles provide most of it — together, they represent the nation’s largest cargo container port and the world’s sixth busiest harbor. But new pressures, including a revamped Panama Canal, are clouding California’s picture. (Photo: Port of Long Beach)
A superior court judge overturned a freeze on retiree health care for Los Angeles city attorneys this month, citing some of the same case law that made public pensions a vested right that can only be cut if offset by a new benefit.
Lancaster officials say the Antelope Valley’s gusting winds will carry the plant’s 546 tons of pollution — and the problems that will come with it – straight to Lancaster.
“He’s both popular and vulnerable,” said Raphael J. Sonenshein, executive director of the Edmund G. “Pat” Brown Institute of Public Affairs at Cal State L.A. in an interview with the Times. “On the one hand, he’s a very skilled politician, very popular in many of the communities in the county and a known reformer and progressive. At the same time, he has tremendous flaws in managerial areas that have caused all kinds of headaches in the department.”