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Category: Los Angeles, California Local News

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  • Leaders of Influence: Minority CPAs 2024 – Cheryl Calhoun – Los Angeles Business Journal

    Leaders of Influence: Minority CPAs 2024 – Cheryl Calhoun – Los Angeles Business Journal

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    CHERYL CALHOUN
    Managing Director
    CBIZ & MHM

    A managing director at CBIZ MHM Los Angeles, Cheryl Calhoun brings more than 30 years of experience and expertise to all facets of the entertainment industry. She represents talent, production companies, entertainment service companies, media service companies, publishing companies and executives in varied tax and business matters. Calhoun is also a co-leader of CBIZ’s Multi-Family Office and Virtual Family Office Practices. She also specializes in assisting not-for-profit organizations — combining her talent for business and tax issues with her passion for giving back.

    Some of Calhoun’s most successful career accomplishments have come to fruition in the last few years. She currently serves as chair of the Board of the American Lung Association (ALA), an organization she’s worked with for more than 15 years. Additionally, she recently served as a coach in CBIZ’s Emerging Managing Director Academy helping to shape the future of the company through its up-and-coming leaders.

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    Kelly Garcia

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  • Jury Adds $3B to Legal Verdict Dividing Jogani Family’s Billion-Dollar Portfolio

    Jury Adds $3B to Legal Verdict Dividing Jogani Family’s Billion-Dollar Portfolio

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    A two-decade-long court battle over a vast Los Angeles real estate fortune within the Jogani family ended this week with a payout verdict valued at $10 billion.

    An L.A. jury added $3 billion in punitive damages to a multi-billion dollar award in the legal bloodbath between five brothers from India, who’d amassed diamonds and 17,000 apartments in the San Fernando Valley, Bloomberg and Dailymail.com reported.

    The trial, stemming from a 2003 lawsuit, was based on claims that Haresh Jogani had breached a longstanding oral agreement and bilked his brothers out of their share in the wealth. The lawsuit has cycled through 18 appeals, armies of lawyers and five L.A. Superior Court judges.

    On Thursday, jurors ordered Haresh Jogani to pay his brother Shashikant $1.5 billion, on top of $1.8 billion awarded last week, according to representatives of the plaintiffs. 

    Haresh Jogani was also ordered to pay two other brothers, Rajesh and Chetan, a combined $1.5 billion in punitive damages, after an initial award of $759 million.

    Together with last week’s initial award of $2.6 billion, the verdict appears to be among the largest of the decade, according to Bloomberg.

    The jury also ordered Haresh last week to turn over 76 percent of the portfolio of 17,000 apartments, including a portion to another brother, Shailesh. 

    Attorneys for the plaintiffs estimated the real estate awarded to their clients is worth $4.5 billion — which would bring the total sum of the verdict to $10 billion.

    “The family is elated,” attorney Peter Ross, who represents Chetan and Rajesh Jogani, said in a statement. “They feel the jurors really saw them and heard their stories.”

    Attorneys for Haresh Jogani, however, said the battle isn’t over.

    “The final chapter is far from written,” Rick Richmond, an attorney for Haresh Jogani, said in a statement. “In addition to eventual appellate review, there are several pending and anticipated trial and post-trial motions that may dramatically alter this verdict.” 

    John Lee, another attorney representing Haresh, told DailyMail.com the judge didn’t allow his client to provide an explanation when he testified earlier this week that his vast real estate empire was worth “zero to negative.” 

    The Jogani family, natives of Gujarat, India, built a fortune in the global diamond trade, setting up offices in Europe, Africa, the Middle East and North America. 

    In 1969, a 22-year-old Shashikant “Shashi” Jogani moved to Los Angeles, where he set up a solo firm in the gem business and began to build a property portfolio, according to a complaint he filed in 2003. 

    He bought his first apartment property in 1979 for $500,000. By 1994, he owned more than 24 properties across Van Nuys, North Hollywood, San Fernando, Sylmar, Northridge and Canoga Park, the Los Angeles Times reported at the time. 

    Then came the savings and loan crisis, a nationwide recession and the 1993 Northridge earthquake — Shashikant ended up in financial trouble and needed money. 

    “Like other real property owners, (the) plaintiff was forced to address actual and potential defaults and foreclosures,” Shashikant said in his complaint against his brother, Haresh Jogani. 

    In 1995, Shashikant and Haresh came to an oral agreement — Haresh and their three other brothers would enter into a joint venture with Shashikant to help support the properties, now controlled by companies based in Los Angeles, Nevada and the British Virgin Islands.

    Exactly how much each brother gets depends partly on swings in the real estate market. Apartment prices have fallen from their 2022 peak after higher interest rates raised borrowing costs and cut into property values, according to Bloomberg.

    It also depends whether the brothers can collect. 

    Judge Susan Bryant-Deason has ordered Haresh Jogani to lock down his assets, according to Steve Friedman, an attorney for Shashikant Jogani, but Haresh didn’t appear in court Thursday, a departure from his presence during most of the five-month trial.

    “We were all wondering: Where was Haresh Jogani?” Friedman said.

    When asked by the judge if his client was still in the country, Richmond, his attorney, said yes, Friedman said.

    — Dana Bartholomew

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    TRD Staff

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  • Leaders of Influence: Minority CPAs 2024 – Cathy Hyodo – Los Angeles Business Journal

    Leaders of Influence: Minority CPAs 2024 – Cathy Hyodo – Los Angeles Business Journal

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    CATHY HYODO
    Market Managing Partner
    Grant Thornton LLP

    Over the course of a nearly 30-year accounting career, Cathy Hyodo has helped tech start-ups and Fortune 100 companies achieve widespread success by knowing how to navigate current and future challenges.

    Her forward-thinking leadership style has been a boon for her clients and her firm. From the dot-com era to the age of AI, the veteran accountant has played a significant role in growing Grant Thornton’s technology sector. Long before the current craze of special acquisition companies (SPACs), Hyodo predicted that SPACS would gain traction in the marketplace. She created a SPAC alliance that brought ample new business to Grant Thornton and provided those clients with the in-depth knowledge they needed. Hyodo exhibited similar prescience when helping the firm’s clients navigate the ‘08 financial crisis, the recent collapse of SVB and several other “black swan” events. She has safeguarded her clients against crises by preparing clients for long-term resiliency.

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    Kelly Garcia

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  • Expert shares how Biden’s housing plan could work in California

    Expert shares how Biden’s housing plan could work in California

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    President Joe Biden announced a plan to fix America’s housing crisis in his State of the Union address on Thursday.

    Biden’s plan includes a $10,000 tax incentive for first-time home buyers and another $10,000 in tax credits to encourage current owners to sell their homes, all in an effort to put home prices back in reach for both for the first time in years — but can it work in California?

    NBC4 spoke with Habitat for Humanity President and CEO Erin Rank, whose organization knows all about California’s housing challenges — including high median prices that leave families unwilling or unable to buy.

    “Families used to be able to buy a house for somewhere near what equaled one year’s income,” Rank said.

    According to Rank, the tax credits address at least one crucial problem after the COVID-19 pandemic and inflation drove interest rates so high that the markets skidded to a halt.

    “I think this tax credit might be enough of an incentive to move them off the sidelines,” Rank said.

    Rank also said the plan’s “Down Payment Assistance” portion will also help families consider purchasing a home, since writing that first check is often the most daunting part of buying.

    But concrete solutions have to include California’s supply and demand problem, which Rank said Biden’s proposal will address if Congress gets on board. 

    “There just simply are not enough houses for all the people who live in Los Angeles and throughout California,” Rank said.

    If adopted, the plan could eventually benefit renters as well — more housing means more choices for them, and landlords would not be able to charge as much.

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    Gordon Tokumatsu

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  • Apple reinstates Epic’s developer account two days after banning it – Los Angeles Weekly Times

    Apple reinstates Epic’s developer account two days after banning it – Los Angeles Weekly Times

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    Apple has reversed course on its decision to ban Epic Games’ developer account after it emerged European Union officials were looking into the issue. The about turn means that Epic will be able to bring its own app store to iPhones and iPads in the EU. The publisher will also be able to more easily bring Fortnite back to those devices in the bloc, nearly four years after Apple kicked the game out of the App Store over an in-app purchases battle (a decision that spurred a drawn-out legal tussle between the two sides).

    “Following conversations with Epic, they have committed to follow the rules, including our DMA [Digital Markets Act] policies,” an Apple spokesperson told Engadget. “As a result, Epic Sweden AB has been permitted to re-sign the developer agreement and accepted into the Apple Developer Program.”

    “Apple has told us and committed to the European Commission that they will reinstate our developer account,” Epic wrote in an updated blog post. “This sends a strong signal to developers that the European Commission will act swiftly to enforce the Digital Markets Act and hold gatekeepers accountable. We are moving forward as planned to launch the Epic Games Store and bring Fortnite back to iOS in Europe. Onward!”

    Apple killed Epic’s developer account earlier this week, claiming that Epic was unlikely to abide by the related contractual agreements. Its lawyers described Epic as “verifiably untrustworthy.”

    The sudden about face surely has nothing to do with reports that EU regulators planned to question Apple over the ban. Epic claimed the decision was a “serious violation of the DMA.” Under that law, which just came into effect, Apple is required to allow third-party app stores on iOS in the EU. However, Apple is still forcing companies that want to have their own app marketplace on iPhone to abide by its rules.

    Also this week, the EU fined Apple almost $2 billion for suppressing third-party music streaming apps on the App Store by preventing them from telling users that they could subscribe to their services elsewhere for a lower cost than if they signed up through iOS. This was the first fine the EU has given Apple, and the bloc’s third-largest financial penalty ever. Apple is appealing the fine.

    Given the even heftier penalties that companies face for failing to comply with the DMA — up to 10 percent of their annual revenue — and the EU showing it’s ready to wield its power when necessary, it’s not too surprising that Apple backed down from its latest scrap with Epic. Indeed, Epic CEO Tim Sweeney said Apple backtracked after “a swift inquiry by the European Commission.”

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    admin

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  • Plans for Redwood-Inspired Tower in DTLA Cut Down by City

    Plans for Redwood-Inspired Tower in DTLA Cut Down by City

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    Plans by Australian developers to build a 40-story housing tower inspired by giant redwood trees in Downtown Los Angeles have toppled with a resounding thud.

    The proposal by the Australia-based Crown Group, Magnus Property Pte and ASRI to build the leafy highrise at 1111 South Hill Street was booted by the Los Angeles Planning Department because of a lack of activity and communication, Urbanize Los Angeles reported.

    Rendering of 1111 South Hill Street (Doug and Wolf)

    The Sky Trees Project, drawn by Sydney-based Koichi Takada Architects, had won global attention for its redwoods-inspired design. 

    Once slated to soar 70 stories in two twin towers, the project was whittled down in February 2022 to a single 40-story building with 319 apartments or condominiums, plus 160 short-term rental units and 3,400 square feet of ground-floor restaurants.

    The tower was to include a series of sloping open-air decks rising to its upper levels packed with trees — a verdant spire in a skyline of steel and glass.

    In addition to its leafy exterior topped by a gothic arch, the building was to have a swooping canopy over the sidewalk inspired by Marilyn Monroe’s windswept skirt in “The Seven Year Itch.”

    The project cancellation comes as high-rise construction across Los Angeles County has slowed during a tide of rising interest rates.

    While dozens of towers once rose simultaneously over Downtown alone, just three high-rise developments are now under construction in the central city, according to Urbanize.

    Although the redwood-inspired tower may not see the light of day, other proposed projects along the 11th Street corridor are active.

    They include two pending entitlement applications from Mack Real Estate Group and an approved project from Crescent Heights which would bring a trio of high-rise buildings to the intersection of 11th and Olive streets.

    — Dana Bartholomew

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    TRD Staff

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  • ED1 Projects Multiply in LA as Developers Question the Math

    ED1 Projects Multiply in LA as Developers Question the Math

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    While the number of ED1 projects is poised to accelerate this year, a growing number of developers and advocates question the math behind it.

    Soon after assuming office, L.A. Mayor Karen Bass issued Executive Directive 1 in December 2022, aiming to streamline the approval process for affordable housing by exempting it from lengthy environmental reviews — and trim the approval process to less than 60 days.

    More than a year after ED1 was issued, there is still growing support for it from affordable housing advocates. But along with enthusiasm, there are concerns that not all of these projects are going to pan out and make financial sense for developers. 

    “We did a huge deep dive and we could not make sense of the numbers,” Jared Goldstein, managing partner at Canfield Development, speaking at the Bisnow Annual Multifamily Conference in Los Angeles on Feb. 29. “As they stand now, I would just be very shocked if they move forward.”

    Adrian Berger, managing director for acquisitions at Cypress Equity Investments, also cited reliance on traditional financing and lack of parking as obstacles to ED1-based projects.

    “When you actually underwrite them with real numbers, then these things don’t pencil,” Berger said at the same event.

    Popular program

    This hasn’t deterred new ED1 applicants, with recent data showing that the number of ED1 project applications has accelerated in 2024.

    There were a total of 30 applications, according to data compiled by ATC Research, a Los Angeles-based real estate research firm, and shared with TRD.

    January alone represents 14.5 percent of the total ED1 applications to date.

    “It has been a tremendous success,” said Scott Epstein of Abundant Housing LA, citing 16,000 units in the pipeline. “Not all of these are fully entitled, but that’s sort of unprecedented when it comes to affordable housing entitlements.”

    Scott noted the 60-day window stipulated in the order from the application date to full entitlement as one of the draws, as well as alignment with the statewide density bonus program because they’re 100 percent affordable housing projects.

    JZA Architecture, a Los Angeles-based firm, has nearly doubled in size due to an inflow of ED1 projects, with a payroll of 19 people now compared to 10 a year ago. The executive directive projects now account for 95 percent of the firm’s work.

    “There has been a massive transition to affordable housing — people are really seeing that the way to cut out months of red tape and just be able to expedite their projects is far more valuable to them,” said Jeff Zbikowski, founder of JZA Architecture.

    He notes that a lot of the ED1 projects he’s aware of are located in South L.A.

    “What we’re starting to see now is projects pop in nicer areas on the Westside or in the Valley and Reseda, some of these higher resource areas, where they’re more centered around hedging against nicer areas — providing mixed-income projects within those areas that are always going to be occupied.”

    While ED1 has generated plenty of interest and early movers, it isn’t codified yet. Its long-term future in Los Angeles is uncertain.

    Maximum rent models

    Goldstein’s firm spent weeks researching ED1, but ultimately decided it wasn’t for them. 

    “The program is designed around rents on an affordable housing covenant that would be attached to your project,” he said. “And those rents are lower than Section 8 rent you could potentially collect if your building had Section 8 tenants.”

    Without having experience with affordable housing, Canfield Development management felt it was an aggressive assumption to make that every single tenant would have a voucher.

    “So the projects that exist are taking pretty aggressive stances on the rents they’ll achieve,” he said. “The rents that they’re inputting in their financial models are often the maximum Section 8 rents. That rent is greater than what the unit would lease for, in many cases, as even a market-rate unit with no restrictions.”

    For some of these projects to go forward and to take advantage of tax abatements, a partnership with a nonprofit may be necessary.

    AIDs Healthcare Foundation, for example, is using ED1 to develop a 216-unit homeless housing project in Skid Row at 431 East 7th Street.

    “There are a lot of nonprofit firms that are very skilled at this, who know how to get these types of transactions done,” Goldstein told TRD. “So there will be a bit of a learning curve figuring out what the skilled nonprofits know how to execute and how to bring them into effective partnerships together.”

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    Daria Solovieva

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  • ‘Top two’ primary strikes out as a useful election reform

    ‘Top two’ primary strikes out as a useful election reform

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    SACRAMENTO – If you think debates about tinkering with election rules are vicious, then you need to turn your attention to the endless battles between baseball’s traditionalists and reformers. The former treat America’s pastime as something almost sacred – a bastion of timeless and slow-moving beauty in an ever-changing world. Unlike professional football, which is forever tinkering with its rules, baseball should, in their view, cling to the past.

    “I have observed a creep towards instant gratification in a game whose best quality was that it challenged us to be patient,” wrote traditionalist Noah Gittell. But after seeing the results of Major League Baseball’s recent changes that are designed to speed up the game (e.g., adding a pitch clock), he decided that the tweaks are OK. This isn’t the first time the league has changed rules, he noted.

    Columnist George Will, who wrote a book celebrating the culture of the game, rejoiced at the new rules. He believes the latest rule adjustments restore the spirit of the past, when fast-moving games were common and athleticism was more important than analytics (see Moneyball). They might also restore attendance levels. Sometimes the best way to energize an institution is to adjust the way it operates.

    At the last Giants game I attended, I nearly fell asleep from boredom, so I’m not the best person to pontificate about balls and strikes, but I see parallels with our election system. For years, reformers have tried to re-energize the democratic spirit by endlessly changing and adapting the voting process. They are responding largely to low voter turnouts.

    Unlike their counterparts in baseball, America’s politicians haven’t come up with the right formula yet – perhaps because most of the people proposing rule changes have a vested interest in the outcome of the specific contests (unlike MLB officials, whose interest centers on the game itself.) It is clear from Tuesday’s primary election, however, that the latest “big” California primary rule change is a bust.

    In 2010, California voters approved Proposition 14, which created a “top two” primary for every election except president, central committee and nonpartisan elections such as boards of supervisors and superintendent of public instruction. Under the old system, Republicans would choose their candidate and Democrats theirs. They would face off in November. Under the new rules, everyone runs against each other. The top two vote-getters face off in the general election, regardless of their party.

    Supporters made grandiose promises about how the new system would reduce partisanship and force candidates to moderate their positions by campaigning for all voters rather than the party faithful. It was going to increase voter participation and strengthen democracy. “It’s time to end the bickering and gridlock and fix the system,” according to Prop. 14’s “yes” ballot argument. Supporters claimed it would force politicians to work together for the good of the state.

    One needn’t be a cynic to realize that “top two” didn’t usher in an era of peace and goodwill. California’s elections are more vicious than ever. The state Republican Party has largely faded away, but the result is nastier battles among Democratic factions. The Legislature and state constitutional offices are now filled with progressive ideologues. Tuesday’s turnoutwas low. One can’t blame Prop. 14 for everything, but it hasn’t lived up to its billing.

    “Top two” created a new set of rules that ambitious politicians can game. Consider the race for U.S. Senate. In the past, Democrat Adam Schiff would have debated his Democratic opponents in a primary that focused on which candidate appealed best to Democratic primary voters. Republican Steve Garvey would have debated his GOP opponents in an effort to woo GOP voters.

    Instead, Schiff used reverse psychology by running ads attacking Garvey in conservative media as a means to bolster support for Garvey. It was a clever ploy to keep his main opponents, Democrats Katie Porter and Barbara Lee, out of the final runoff. The end result is the same – the leading Democrat squares off against the leading Republican in November, with Schiff almost certainly winning. But who can claim this goofy process has reduced bickering and cynicism?

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    Steven Greenhut

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  • Prepping for 4th Oscars, Kimmel says partnership with wife makes it all possible

    Prepping for 4th Oscars, Kimmel says partnership with wife makes it all possible

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    HOLLYWOOD, LOS ANGELES — Jimmy Kimmel and his team of writers and producers have been preparing for Oscar Sunday for months now. He’s excited to take the stage – and apparently, he has a lot to say, starting with his monologue.

    “I am going to do a full 90 minutes this year,” joked Kimmel. “That’s why we’re starting an hour early this year, because I’m going to go really, really well. It’s gonna be like a Netflix special.”

    He’s prepping for his fourth time as the Oscar host. This time he feels a bit more at ease. Jimmy gives special credit to his wife, Molly McNearney, who is one of the executive producers of his nightly talk show as well as the Oscars telecast.

    “If it wasn’t for Molly I wouldn’t be doing it for sure,” said Kimmel. “It just makes it a whole different deal knowing you have somebody who doesn’t even have to ask you what your opinion is. She knows what it is. And even if it isn’t my opinion, she will inform me that it is. It’s just like a shortcut and a bodyguard and also like, you know, a great comedy partner all in one.”

    Jimmy Kimmel has spent months preparing to host the Oscars the fourth time even as he hosts his daily talk show.

    In the year of “Barbenheimer,” Jimmy sees plenty of potential for comedy. “There’s some very heavy movies for sure. But then we also have ‘Barbie’… So I like to focus on the positive.”

    That’s why he drafted the cast members from the “Barbie” blockbuster to help promote the Oscar show.

    “I mean, Kate McKinnon was just unbelievably funny from beginning to the end of that shoot. And then America Ferrera came in and she was – I mean, the way she delivered that speech, I felt like she was speaking for me about the challenges of being an Oscar host,” said Kimmel. “And then Ryan Gosling shows up and just killed it at the end.”

    DON’T MISS the 2024 Oscars live Sunday on ABC! Red carpet coverage starts at 1 p.m. ET | 10 a.m. PT with “Countdown to Oscars: On The Red Carpet Live.” At 4 p.m. ET | 1 p.m. PT, live coverage continues with “On The Red Carpet at the Oscars,” hosted by George Pennacchio with Roshumba Williams, Leslie Lopez and Rachel Brown.

    The 96th Oscars, hosted by Jimmy Kimmel, begins at 7 p.m. ET | 4 p.m. PT, an hour earlier than past years, followed by an all-new episode of “Abbott Elementary.”

    Copyright © 2024 OnTheRedCarpet.com. All Rights Reserved.

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    George Pennacchio

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  • Ex-probation chief’s suit alleges L.A. County fired him for being a whistleblower

    Ex-probation chief’s suit alleges L.A. County fired him for being a whistleblower

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    Former Los Angeles County Probation Department chief Adolfo Gonzales, who was fired last March amid widepread dysfunction at the agency’s juvenile halls, alleges in a lawsuit that he was ousted for reporting dire staffing shortages to state regulators.

    Gonzales’ two-year, one-month tenure was marked by near-constant controversies. But in a lawsuit filed last month, he argued that county supervisors decided to terminate him only after he was frank with inspectors from the Board of State and Community Corrections about the agency’s staffing crisis.

    The board, referred to as the BSCC, has the power to shut down juvenile detention facilities if inspections reveal that conditions aren’t up to state standards.

    “Gonzales candidly reported to the BSCC inspectors the staffing shortages in Probation Department which caused lack of compliance with various California State regulations and mandates,” the lawsuit says. “As a result of Gonzales’ reports to BSCC, he was terminated by the County.”

    The state board declined to comment. Mira Hashmall, outside counsel for L.A. County, called the lawsuit baseless.

    “The Probation Department suffered from a lack of leadership under Adolfo Gonzales, which is why his employment was terminated,” she wrote in a statement to The Times. “He is no whistleblower.”

    Under Gonzales’ leadership, the perennially struggling agency careened from one problem to the next. There were more lockdowns, more fights and fewer staff members to deal with them. Deputies said they were too scared of the violence inside the juvenile halls to come to work. Youths were traumatized too, forced to urinate in their locked rooms because no one was around to let them out.

    Gonzales’ attorney, Michael Conger, said his client’s account of staffing issues heavily influenced a Jan. 13, 2023, report from state inspectors, which found, among other shortcomings, that the county’s two juvenile halls were dangerously short-staffed. Months later, the board would shut down the two halls after the county repeatedly failed to improve conditions.

    Conger said it was Gonzales’ “candid” portrayal of staffing problems that led to his termination two months later.

    The state inspection was not the only embarrassment Gonzales’ agency suffered in the months leading up to his firing, however. On Feb. 11, 2023, The Times reported that Gonzales overrode an internal disciplinary board’s recommendation to fire an officer who had violently restrained a 17-year-old. After The Times’ report, a majority of the Board of Supervisors called for Gonzales’ resignation.

    Gonzales’ attorney said this was not what earned the board’s ire.

    “We don’t believe that had anything to do with it,” he said. “That was a complete non-issue. They were not mad at that.”

    Records show the county spent more than $900,000 on Gonzales during his stint with the department.

    By the time he left, Gonzales had received $927,000 in compensation, according to county salary data. It’s unclear if that figure includes other perks Gonzales was entitled to under his employment agreement with the county, which promised relocation costs and severance pay.

    According to his employment agreement, reviewed by The Times, Gonzales was entitled to up to $25,000 to relocate from San Diego, where he worked for five years running the county’s Probation Department.

    Records show he also received $172,521 — equivalent to six months’ salary — as severance pay after he was fired.

    The board replaced Gonzales with Guillermo Viera Rosa, promising a new chapter for the long-troubled agency. But so far, his tenure has been plagued by the same staffing crisis that haunted his predecessor.

    A report released Thursday from the county’s Office of Inspector General found that “dangerously low staffing levels” had contributed to the chaotic Nov. 4 escape of a youth from Los Padrinos juvenile hall. After several teens attacked a staff member, one briefly escaped to a neighboring golf course.

    At the time of the incident, only one staff member — who had never before been assigned to juvenile halls — had been in the unit with 14 youths, the report’s authors found. The report notes the staffing level violates state law, which requires the agency maintain a ratio of one staff member for 10 youths.

    That day, the Probation Department had scheduled 100 staff members to work at the facility — the minimum required in order to operate.

    Sixty of them didn’t show up.

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    Rebecca Ellis

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  • ‘Wake up’: Biden delivers fiery State of the Union — sparring with critics and swiping at Trump

    ‘Wake up’: Biden delivers fiery State of the Union — sparring with critics and swiping at Trump

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    President Joe Biden said he wanted to use his State of the Union to “wake up” Congress, but he was the one who seemed suddenly energized as he spared with Republican hecklers and repeatedly criticized former President Donald Trump.

    Shaking off lackluster approval ratings and his own party’s anxiety about his political and physical health, the 81-year-old delivered on Thursday one of the feistiest and most political presidential addresses to Congress in recent memory.

    He referenced “my predecessor” 13 times, not saying Trump’s name once but making him a clear focus of his speech, shouted back at firebrand Rep. Marjorie Taylor Greene, R-Ga., and sarcastically mocked Republican lawmakers.

    “I know you know how to read,” he said as he criticized Republican lawmakers over their refusal to pass the bipartisan border bill, responding to some of whom heckled him from the House chamber.

    While Biden was unlikely to ever sway Republicans with a speech, it may help coalesce Democrats — for a moment at least — who are alternatingly panicky and dismissive of polls showing Trump leading Biden in key swing states.

    Biden wasted no time criticizing Trump, accusing “my predecessor” of supporting threats to democracy at home and abroad.

    “They will not bow down. We will not bow down. I will not bow down,” Biden said of Ukraine’s fight against the Russian invasion. “History is watching. Just like history watched three years ago on Jan. 6”

    Biden didn’t unveil new executive action on immigration or the southern border.

    The Biden administration has been considering unilateral action for weeks that would make it harder for migrants to pass the initial screening for asylum at the U.S.-Mexico border, as NBC News has reported.

    But that didn’t mean the speech wasn’t without a moment about the contentious issue of immigration.

    In response to Greene heckling him, he picked up a button with the name of a University of Georgia student Laken Riley whose murder has been attributed by police to an undocumented immigrant. But he appeared to suggest that Greene and Republicans are right about crime by “illegals” — repeating a term that many on the left consider offensive.

    “Lincoln, Lincoln Riley, an innocent young woman who was killed by an illegal, that’s right, but how many thousands of people have been killed by legals?” Biden said, confusing her first name.

    Biden framed his speech around the theme of freedom — including homing in on abortion rights after the landmark Supreme Court decision overturning Roe v. Wade in 2022, which Democrats think will be a potent issue with voters.

    “He’s the reason it was overturned and brags about it,” Biden said of Trump, who appointed the conservative majority to the high court that overturned Roe.

    Then he noted that some of the Republicans he was speaking to in the chamber wanted to pass a national abortion ban: “My God, what other freedom would you take away?”

    “Clearly those bragging about overturning Roe v. Wade have no clue about the power of women in America. But they found out when reproductive freedom was on the ballot and won in 2022, 2023, and they will find out again in 2024,” Biden said. “If Americans send me a Congress that supports the right to choose I promise you: I will restore Roe v. Wade as the law of the land again.”

    And he slammed Trump’s handling of the Covid pandemic, saying, “My predecessor failed in his most basic presidential duty: The duty to care.”

    Biden made a lengthy entrance to the House Chamber for the joint address, leisurely shaking hands and posing for selfies with members of Congress, Supreme Court justices, and the joint chiefs of staff. 

    “If I were smart, I’d go home now,” Biden joked as he took the stage, starting off light.

    The route a presidential motorcade normally takes down Pennsylvania Avenue from the White House to the Capitol was lined with protesters calling for a ceasefire in Gaza. Instead, Biden took a longer route to the Capitol that avoided the demonstrations but delayed his speech. The protests have become a familiar distraction for Biden at recent public appearances, reminding him that the issue has divided parts of his base.

    He announced plans to add a port in Gaza that will be used by the U.S. and partners to get aid into Gaza, which he said would provide capacity for hundreds of additional truckloads of assistance each day. The operation will not involve U.S. boots on the ground, he said.

    He called the humanitarian crisis in Gaza “intolerable” and said Israel has a responsibility to protect Palestinian civilians.

    “Israel must do its part,” he sad, reasserting his goal for a two-state solution in the region.

    With the economy the top issue on many voters minds, Biden highlighted the post-Covid economic recovery and laid out the administration’s plans to revamp the tax code, expand housing supply and reduce the federal budget deficit. 

    Follow live updates on the State of the Union address

    The speech was also a chance for Biden to make a positive case for what he would do with another four years in the White House since Democratic rhetoric around the election so far has focused instead on stopping Trump.

    In the fractured modern media environment and polarized Washington, State of the Union addresses carry less agenda-setting power than they have in the past. 

    But with millions expected to watch, they are nonetheless a rare opportunity for Biden to speak to some Americans who don’t follow politics closely but tune in for big moments. 

    “In my career, I’ve been told I’m too young,” said Biden, who was first elected to the Senate at 30, “And I’ve been told that I’m too old.” 

    “Whether young or old, I’ve always known what endures,” Biden continued. “The very idea of America: That we are all created equal and deserve to be treated equally throughout our lives.” 

    This story first appeared on NBCNews.com. More from NBC News:

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  • The AI Boom is Booming – Los Angeles Business Journal

    The AI Boom is Booming – Los Angeles Business Journal

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    The S&P 500 is up about 20% over just the last four months, surging well above the 5,000 mark. This rally has come even with 10-year Treasury yields back around 4.3% and investors paring back bets for Federal Reserve rate cuts this year from around 170 basis points to about 80 basis points today.

    Big tech has played a big role. The so-called “Magnificent 7” contributed 60% of the S&P 500’s 26% return last year as AI enthusiasm exploded. Their surge has only continued this year. This has led some to lament that the stock market is its most concentrated since the 1970s. Some also fear that the AI hype is just all talk. Yet, strong earnings have shown big-tech companies to be worthy of their rallies. Consider this Q4 season: The Magnificent 7 have cleared a very high bar, beating earnings expectations by roughly 9% on average compared to 4.8% for the broader S&P 500. While AI may be one of the buzziest buzzwords around, the talk and the rally have been underlined by genuine profits.

    Longer term, it’s also more than just tech that can benefit – companies across industries are making AI investments. As they continue to integrate AI into the fabric of day-to-day operations, we think real cost savings and sales generation are on the horizon.

    But what’s not making new highs?

    Not all markets are feeling the good vibes.

    In some cases, this may be warranted. For instance, China’s stock market continues to hover around decade lows amid economic weakness, geopolitical tension, regulatory hurdles and questions around market-friendly policies. Foreign direct investment in China has fallen negative in recent quarters. Stimulus efforts are slowly taking effect, but more forceful measures are probably needed to become optimistic.

    On the other hand, other pockets of the market stand to play catch-up. For instance, we see the potential for small- and mid-cap companies because the Russell 2000 remains more than 15% below its previous highs, as well as themes such as health care innovation and ongoing consumer resilience that could support recoveries in some areas going forward. Said another way, we think big tech can continue to climb and other segments of the market can also join. We think the key is to focus on high-quality earnings growth, and careful stock selection can help tap outperformance opportunities. The current environment looks like fertile ground for active equity managers.

    Rick Barragan is the managing director, Los Angeles market manager for J.P. Morgan Private Bank.

    r.barragan@jpmorgan.com | (310) 860-3658

    Source: J.P. Morgan Private Bank, February 23rd, 2024. “Record-breaking rallies: What does it mean for you?” By Madison Faller, Global Investment Strategist, and Matthew Landon, Global Investment Strategist, J.P. Morgan Private Bank. 

    The post The AI Boom is Booming appeared first on Los Angeles Business Journal.

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  • What could be next for Rep. Katie Porter after Senate loss?

    What could be next for Rep. Katie Porter after Senate loss?

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    Rep. Katie Porter never planned for a career in politics, she says, that is, until Donald Trump became president in 2016.

    But Tuesday night, the political career that she’s built since she won her first congressional race in 2019 — one where she’s gone toe-to-toe with corporate CEOs and established her prowess as a Democratic fundraiser — hit a bit of a snag. Not too long after election returns had begun to come in, both the Associated Press and the New York Times had called the primary for California’s U.S. Senate race for Democratic Rep. Adam Schiff and former Dodgers star Steve Garvey.

    “While the votes are still coming in, we know that tonight we’ll come up short,” Porter told supporters at a Long Beach election night watch party not much later.

    The Senate loss is surely a disappointment to Porter and her supporters, but it may not be the end of her political rope, experts say.

    Despite spending a whopping $23.2 million in the Senate race — a paltry sum compared to Schiff’s $40 million, but significant nonetheless — she still has $4.8 million banked in her war chest.

    See the latest election results.

    The race for the seat in California’s 47th congressional district, which she still represents, is a tight and crowded contest with Republican Scott Baugh and Democratic state Sen. Dave Min with narrow leads.

    Baugh, a former GOP Assembly leader, ran for the seat in 2022 as well, only narrowly losing to Porter by a few percentage points. Should he advance to the general election and win in November, that would open a path for Porter to vie for the seat again in two years, said Dan Schnur, a former campaign consultant who teaches political messaging at USC and UC Berkeley.

    Of course, if a Democrat wins the race, that would prove to be more difficult.

    Related: What Katie Porter told supporters after primary election loss for California Senate seat

    Gov. Gavin Newsom terms out in early 2027, and there are already several contenders who have declared or are at least flirting with a bid to become California’s next chief executive.

    While some might consider that a possibility for Porter, Schnur believes a down-ticket statewide seat may be a better option.

    “It’s difficult to go from a losing Senate campaign into a race for governor, but all of the other constitutional offices are up for election, too. Any one of them could end up being a logical next step,” Schnur said.

    Porter “didnt really do much to distinguish herself” in the Senate race, Schnur said, “but she didn’t do herself any harm so there’s no reason that she couldn’t decide that another elected office is in her future.”

    Sign up for Down Ballot, our Southern California politics email newsletter. Subscribe here.

    A former UC Irvine law professor, Porter could foray back into academia, said Democratic strategist Michael Trujillo.

    “I honestly assume every university would love her to be a guest lecturer, a regular lecturer or a professor given that’s what she did before she ran for office. Katie Porter can legitimately do whatever the heck she wants and be amazing at it,” Trujillo said. (He was not involved with her U.S. Senate campaign and has never worked for her, Trujillo said.)

    If she returns to UCI, that could solve another question involving her housing situation.

    Porter resides in one of the below-market price homes on UCI land, provided only for UCI faculty and staff – something her critics have hammered her about since she is not teaching. After her reelection to the House in 2022, Porter, according to a university spokesperson, “requested and was granted two years of unpaid leave (from UCI) to cover her current congressional term, in keeping with university policy and precedent, congressional ethics rules, and relevant state and federal law.”

    On Wednesday, university spokesperson Tom Vasich said Porter is still on academic leave, which means she can still reside in her home. He was not clear Wednesday if she could request another “leave” to remain in the home if she doesn’t return to teaching.

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  • Cocoa prices not yet showing signs of demand destruction – Los Angeles Weekly Times

    Cocoa prices not yet showing signs of demand destruction – Los Angeles Weekly Times

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    Workers collect dry cocoa beans in front of the store of a cocoa cooperative in the village of Hermankono on Nov. 14, 2023.

    Sia Kambou | Afp | Getty Images

    Analysts believe the cost of the core chocolate ingredient may have room to extend its record-breaking run, with no sign of significant demand destruction yet on the horizon.

    Concerns over the supply of cocoa in West Africa, home to around three quarters of the world’s production, have driven the market higher in recent months.

    In New York, benchmark ICE cocoa futures stood at $6,549 per metric ton on Wednesday. The contract, which surpassed $6,000 for the first time last month, has climbed more than 57% year-to-date.

    Somewhat surprisingly, the historic price surge has not yet hampered global demand.

    “Typically, what you’d expect when you have any sort of agricultural commodity, you’d expect to see some demand destruction when you have these astronomically high prices — but we’re not seeing it in cocoa,” Paul Joules, commodities analyst at Rabobank, told CNBC’s “Squawk Box Europe” on Wednesday.

    “You could say that one of the reasons we’ve seen cocoa hold up fairly well in terms of demand is it is arguably a compulsive purchase for consumers, so we don’t really see it have the same sort of demand dynamics as many other commodities,” he added.

    “Also, a lot of these processes, they would have contracts in advance. So, they are still processing, they still have factories that they have to use and operate, so it’s not necessarily [the] case that we would see this immediately in the figures.”

    The hand of Alain Kablan Porquet in dry cocoa beans, in Gagnoa, Ivory Coast, November 19 2023. 

    The Washington Post | Getty Images

    Rabobank’s Joules said that he expected to see some demand destruction in the second half of the year, adding that the current supply and demand picture is “very, very tight.”

    U.S. chocolatier Hershey, one of the world’s biggest chocolate companies, issued a profit warning last month on soaring cocoa prices. The maker of Reese’s Peanut Butter Cups said in a statement on Feb. 8 that cocoa prices were expected to limit earnings growth this year.

    How much higher can cocoa prices go?

    “The key question, and also the toughest, is how much higher cocoa prices can go,” Warren Patterson, head of commodities strategy at ING, said in a research note published on Feb. 15.

    “They need to go to levels where we start to see significant demand destruction. We are already seeing some of that already, but clearly not enough to bring the market back into balance and ease tightness concerns.”

    Patterson said West African cocoa supply remains the “big concern” among market participants. That’s because the Ivory Coast is estimated to account for about 44% of global supply, while Ghana holds a share of roughly 14% of output, he noted.

    “Last year, heavier-than-usual rainfall raised concerns over the impact it would have on the crop, with rising cases of black pod disease. Heavy rains also led to issues over cocoa being delivered to ports,” Patterson said.

    “This year, drier weather conditions and strong Harmattan winds are raising only further concerns over how the current crop evolves.”

    El Niño-related dryness in much of Southeast Asia, India, Australia and parts of Africa has fueled a price rally for soft commodities such as cocoa, sugar and coffee in recent months.

    The El Niño phenomenon is a naturally occurring climate pattern that takes place when sea temperatures in the eastern Pacific rise 0.5 degrees Celsius above the long-term average. It can pave the way to more storms and droughts.

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  • Bodycam video released of deputies unleashing hail of gunfire on armed man in Norwalk

    Bodycam video released of deputies unleashing hail of gunfire on armed man in Norwalk

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    NORWALK, Calif. (KABC) — Body camera footage released Tuesday shows the moment sheriff’s deputies unleashed a hail of gunfire as they confronted an armed robbery suspect in Norwalk.

    The shooting happened Jan. 27 in a parking lot near Studebaker Road and Rosecrans Avenue.

    Deputies responded to the area after a report that a man armed with a shotgun had just robbed a liquor store, according to the Los Angeles County Sheriff’s Department.

    Surveillance video from the business showed the suspect, 38-year-old Jerald Hardcastle of Lake Elsinore, hold the shotgun as the cashier hands over cash and merchandise. The armed robbery unfolded in front of several customers.

    When deputies located the suspect, they ordered him to surrender but he refused to comply.

    Deputies then approached him using a ballistic shield, a Taser and a 40-mm foam projectile launcher, authorities said. At the time, Hardcastle was behind the side of a vehicle.

    A witness captured the confrontation as the deputies moved in. A still image shows the shotgun in his Hardcastle’s hand. For a time, he holds the weapon above his head, but refuses to drop it. When he suddenly moves, deputies open fire.

    There’s a burst of gunfire from deputies. Despite the shots fired, Hardcastle remains holding his weapon. Deputies continue firing at him.

    Deputies then come around the car and begin to wrestle with the suspect. They eventually subdue him with a Taser. Harcastle suffered a gunshot wound to his left hand and was taken into custody.

    A loaded shotgun was recovered at the scene, authorities said. Hardcastle was also in possession of two assault rifles.

    Hardcastle was later charged with robbery, assault with a deadly weapon on a peace officer and three counts of being a felon in possession of a firearm.

    The Sheriff’s Department is conducting its own investigation, and the L.A. County District Attorney’s Office will also review the shooting.

    Copyright © 2024 KABC Television, LLC. All rights reserved.

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  • Schiff, Friedman, and Schultz All Move On to November General Election

    Schiff, Friedman, and Schultz All Move On to November General Election

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    Checking results on a laptop that showed both Laura Friedman and Nick Schultz picking up enough votes to make the general election on November while spending time with supporters at the Hilton Garden Inn. (Photo by Ross A Benson)

    Without a doubt, the largest seat up for grabs from a local perspective is that of the United States Senate and Burbank’s Adam Schiff, who has a lead over Steve Garvey, who will both move on to the General Election on November 5 with results provided on Wednesday.

    Burbank Vice Mayor Nikki Perez, Mayor Nick Schultz, Assembly Member Laura Friedman and Blake Dellinger, Campaign Manager for Schultz ( Photo by Ross A Benson)

    Earlier in the afternoon, protesters gathered at Schiff’s local Congressional office here in Burbank to demand an end to the war in the Middle East and were present at his election reception in Hollywood where they interrupted his speech in Hollywood numerous times. Schiff however, did a good job in completing his remarks in the tough environment.

    An interesting twist is that while Schiff led for the Senate Seat’s six-year term 33.2% to 32,4%, it was Garvey who had a stronger lead over Schiff in the unexpired term to fill the seat vacated with the death of Dianne Feinstein in 2023.

    With Schiff leaving his Senate seat, the race was wide open with two locals, Burbank’s State Senator, Anthony Portantino, up against Burbank’s Assemblymember, Laura Friedman, among 12 others. With the top two moving on, it looks like Friedman has the upper hand with 22,296 votes, with Alex Belekian running second with 17,137 votes and Burbank resident Portantino trailing in third at 11.471.

    Anthony Portantino who is running for Congress is gathered with Former Glendale City Councilman Ardy Kassakhian and his wife Ellen and daughter at his Watch Party. ( Photo by Ross A Benson)

    Burbank Mayor Nick Schultz, who made it to the November runoff and finished second with 14,931 votes, is trying to replace Friedman in the 44th Assembly District. He will square off against Tony Rodriguez, who came in first with 17,868 votes.

    In the L. A. County Supervisor’s Race for District 5, Kathreen Barger has a commanding lead with 119,926 votes (59.94%) and will probably not face a runoff with over 50% of the vote. Burbank Councilmember Konstantine Anthony made a good showing, running third of the five candidates with 17.806 votes cast. While this will knock Anthony out, it will give him some momentum if he chooses to run next time Bargar terms out, and the seat will be wide open.

    An interesting aspect is that with California’s open election, people were not bound by party. Still, most races look like they are coming down to a Democrat vs. Republican going into the General Election. In most races, a single Republican was running against multiple Demoncrats, and the votes were probably split between the candidates.

    (Photo by Ross A Benson)

    The general opinion is that once the field is whittled down to just two candidates, the Democrats will have the advantage, with 53% of the ballots going to Democratic voters while 10% goes to independents. Republican voters only make up 29%, so a Republican candidate will need to win over independent voters as well as lure some Democrats if they hope to win in November. This was the tragedy that Schiff used in the Primary focusing ads against Garvey, whom he had hoped to face in November. No Republican has won in California since 1988, when Pete Wilson won his Senate race.

    One aspect that may change things is voter turnout. The Primary saw a pitiful turnout of about 16% of voters casting ballots and of those, 66% were mail-in ballots. One large reason is most people did not take the time to vote because the Presidential contest has already been set. A Presidential general election usually sees a turnout of around 50% or better.

    Anthony Portantino, who is running for Congress, gathers with his wife Ellen ( Rt) and supporters during his Watch Party. ( Photo by Ross A Benson)

    When these results are announced as final next week (ballots that were mailed up through March 5 have yet to be counted), Burbank’s Mayor, Schultz, will move on to the General election, which means he is unable to run again for the Burbank City Council, leaving his seat open. Anthony, who also has his term expiring this year, will be able to run again if he chooses, although he did make a comment at a recent Council meeting that he would not. However, no official announcement has been made.

    In addition to the races above, voters will decide on the two Burbank City Council seats. Realtor Chris Rizzotti and retired Assistant City Manager Judie Wilke have already officially announced their candidacy.

    BurCal Apartments8715

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  • Man charged in fatal stabbing at Long Beach chicken restaurant

    Man charged in fatal stabbing at Long Beach chicken restaurant

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    An Orange County resident was charged with murder Wednesday for a man’s stabbing death at a chicken restaurant in Long Beach.

    Brandon Van Nguyen, 29, of Huntington Beach, was found Monday at Los Angeles International Airport, taken to the Long Beach City Jail and booked on suspicion of murder, according to the Long Beach Police Department.

    Officers were sent to the area of East Second Street and Covina Avenue at about 1:06 a.m. Sunday regarding a stabbing inside a nearby business and found a man suffering from a wound to the upper body, police said.

    Long Beach Fire Department paramedics rushed the victim to a hospital, where he died from his injuries.

    Police are searching for the person responsible for a stabbing in Long Beach overnight. Tracey Leong reports for the NBC4 News on Mar. 3, 2024. 

    “The preliminary investigation indicates two groups of subjects were involved in a fight. During the fight, a male adult suspect stabbed the victim. The suspect and subjects fled the scene,” police said in a statement.

    It was unclear what may have led up to the fight at Dave’s Hot Chicken at 5246 Second St.

    The victim’s name has not yet been released by the Los Angeles County Department of Medical Examiner pending notification of relatives.

    Nguyen has remained behind bars without bail since his arrest.

    He is due in a Long Beach courtroom for arraignment March 20, according to court records.

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  • Metropolitan Theatres Files Chapter 11 to Renegotiate Leases

    Metropolitan Theatres Files Chapter 11 to Renegotiate Leases

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    The century-old Metropolitan Theatres has gone belly up, with theater lease agreements in Los Angeles, Santa Barbara and beyond open to question.

    The Los Angeles-based movie house chain filed for Chapter 11 bankruptcy after ticket sales at 15 locations in California, Colorado and Utah this year fell 20 percent, Bloomberg and CoStar News reported.

    The family-owned theaters, which in 1923 opened the Broadway in Downtown L.A., has joined other cinemas seeking bankruptcy protection after being hit hard by the pandemic, at-home streaming and fewer theater film debuts.

    Metropolitan is rethinking its real estate portfolio, including 10 theaters in California, half of them concentrated around Santa Barbara, including the historic Arlington Theatre. It also operates theaters in Huntington Park, south of Downtown, as well as San Clemente and Calexico.

    The Beverly Grove-based chain also operates three theaters in Loveland and Steamboat Springs, Colorado, and two in Park City, Utah.

    The company said its lease agreements will either need to be modified or rejected as it works to streamline operations in light of declining big-screen demand. Last year’s Hollywood strikes were a further blow, because fewer film releases are expected through 2025, the company said. 

    Metropolitan is looking at leases “that would otherwise continue to be a drain on MTC’s business,” according to its Chapter 11 filing, which listed $26.5 million in assets and liabilities.

    Metropolitan Theatres said it doesn’t have enough cash to make up for this year’s poor ticket sales without reducing rent at its remaining locations.

    President David Corwin, in a sworn statement, also highlighted continued pressure from streaming as North American ticket sales are down 20 percent this year.

    Corwin, whose family has owned Metropolitan Theatres since it was founded by Joseph Corwin in 1923, said the firm intends to use Chapter 11 to negotiate rent reductions with landlords and close locations it can no longer afford. 

    The firm pays about $2.6 million a year in rent, a cost he said continues “to be a drain.”

    Metropolitan will use a form of Chapter 11 for small businesses that’s designed to be cheaper and faster than a traditional corporate bankruptcy, according to Bloomberg. The firm filed customer motions to continue paying ordinary business expenses, including wages for 240 part-time and 12 full-time employees.

    The larger AMC Entertainment Holdings avoided bankruptcy during the height of the pandemic, but Regal Cinemas parent Cineworld Group filed Chapter 11 in 2022, closing 39 theaters. Other chains have either gone bankrupt or closed, including the former owner of the historic Cinerama Dome in Hollywood.

    Last month, dozens of Hollywood filmmakers rallied to save the Fox Village Theatre in Westwood by buying it for $15.5 million.

    In 2022, Grubb Properties bought the Laemmle theater in North Hollywood and plans to replace it with 128 homes.

    Other theaters have been converted to new uses such as gyms or content creation studios, Gabe Kadosh of Colliers in Los Angeles said.

    Read more

    But larger theater buildings may be challenging to retrofit, Kadosh said. Tesla, for example, is demolishing the interior of a Los Angeles theater to convert it into a delivery hub and service center.

    “It’s really a case-by-case basis” to figure out what’s next for shuttered theaters, Kadosh told CoStar News.

    Last year, moviegoers spent $8.9 billion on movie theater tickets across the U.S., down from $11.2 billion in 2019, according to market tracker the Numbers. Last year’s ticket sales, however, were up $1.5 billion from 2022.

    — Dana Bartholomew

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  • Senate GOP boss Mitch McConnell endorses Trump for president – Los Angeles Weekly Times

    Senate GOP boss Mitch McConnell endorses Trump for president – Los Angeles Weekly Times

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    Senate Minority Leader Mitch McConnell endorsed Donald Trump for president Wednesday, putting aside years of hostilities between the two top Republicans.

    McConnell’s announcement cements Trump’s support among leading GOP members of Congress as he is on track to face President Joe Biden in November in a rematch of the 2020 election.

    “It is abundantly clear that former President Trump has earned the requisite support of Republican voters to be our nominee for President of the United States,” McConnell, R-Ky., said in a statement.

    “It should come as no surprise that as nominee, he will have my support,” said McConnell, who last week announced he would step down from his leadership position in the Senate in November.

    “During his Presidency, we worked together to accomplish great things for the American people including tax reform that supercharged our economy and a generational change of our federal judiciary — most importantly, the Supreme Court,” he said.

    “I look forward to the opportunity of switching from playing defense against the terrible policies the Biden administration has pursued to a sustained offense geared towards making a real difference in improving the lives of the American people.”

    A Trump campaign spokesman did not immediately respond to CNBC’s request for comment.

    McConnell’s announcement was issued minutes after former United Nations Ambassador Nikki Haley suspended her campaign for the Republican presidential nomination.

    Haley, who was Trump’s last remaining major GOP primary competitor, did not endorse him in the statement announcing the suspension.

    McConnell, who has been a Senate leader for 17 years, and Trump, the de facto head of the GOP, have repeatedly clashed since Trump was elected president in 2016.

    But McConnell’s decision to back Trump was not unexpected.

    Just after Trump’s impeachment trial on charges of inciting the deadly Jan. 6, 2021, riot at the U.S. Capitol, McConnell declared on the Senate floor that there was “no question, none, that President Trump is practically and morally responsible for provoking the events of the day.”

    But McConnell voted against convicting Trump of the charges, as did more than enough other Republican senators to acquit the ex-president.

    Just one month after the trial, McConnell told Fox News that he would “absolutely” back Trump if he became the 2024 Republican presidential nominee.

    More recently, McConnell and his allies have sparred with Trump’s supporters over efforts for the U.S. to send additional aid to Ukraine, which the Senate leader supports.

    Trump has attacked McConnell with an array of nicknames, including “broken old crow,” and has lobbed racist insults at McConnell’s wife, Elaine Chao, who served as Labor secretary in the Trump administration.

    Although Trump and McConnell haven’t spoken face to face in years, aides to both men in recent months discussed an endorsement by the senator, NBC News reported in late February.

    Later Wednesday, Sen. Joni Ernst of Iowa, who chairs the Senate Republican Policy Committee, endorsed Trump.

    “We must beat Joe Biden and get this country back on track. Donald Trump has my support,” Ernst tweeted.

    With Ernst’s announcement, the entire Senate GOP leadership has now lined up behind Trump.

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