On Tuesday, November 28, the politically appointed Board of Water and Power Commissioners rubber stamped the transfer of $242 million of Ratepayer money from the DWP’s debt burdened Power System to City Hall without any meaningful discussion. There was no documentation that disclosed how the Department determined the $242 million transfer.  Nor did the Board […]

Why are Councilmembers Paul Krekorian, the Chair of the Budget & Finance Committee, and Paul Koretz, the Chair of the Personnel Committee, and Mayor Eric Garcetti unwilling to be transparent about the City’s pension crisis that contributes to its never ending Structural Deficit and is crowding out basic services to Angelenos? Our friends who occupy […]

On Thursday, Amazon announced that it was opening a search for second headquarters city (HQ2) in North America and was requesting proposals from interested state/province, county, and city governments by October 19. Amazon said that this new headquarters is expected to grow to over 50,000 employees (with an average compensation north of $100,000 a year) and that […]

On Tuesday, Los Angeles City Council President Herb Wesson made a motion to look into the feasibility of creating the “Bank of Los Angeles” with a vision statement of “financing the building of affordable housing,” making loans to “small business entrepreneurs,” and accommodating the cannabis industry and its banking requirements. “WE THEREFORE MOVE that the […]

On Monday afternoon of June 19, 2017, the Board of Water and Power Commissioners sent us a notice that they were holding a Special Meeting on the following day, Tuesday, June 20, at 11:30 in the morning, to approve the new contract between the Department of Water and Power and the IBEW, its domineering union […]

Operationally, the Alameda Corridor has been a huge success. This 20 mile multitrack rail expressway that connects the Ports of Los Angeles and Long Beach to the downtown rail yards of Union Pacific and Burlington Northern has resulted in massive transportation efficiencies and savings by reducing the travel time of container laden freight trains from […]

Despite General Fund revenues being up by over $1 billion since Eric Garcetti became our Mayor, the City Administrative Officer indicated in a January 6 memo that the “combined potential deficit [for the fiscal year ending June 30, 2017] currently stands at $245 million.” You have to be kidding.  A billion bucks and these jokers […]

The Dodgers had a very good year, especially when you consider that they set a record for placing players on the disabled list, including a number of highly paid starting pitchers.  The Bums won the National League West with 91 wins, eliminated the Washington Nationals in a nail biting five game series, and gave the […]

Since California is not a battleground state, we have been spared from many of the inane ads for Hillary and The Donald.  But that is not to say we are off the hook as an estimated $400 to $500 million will be spent on the State’s 17 ballot measures by powerful special interests trying to […]

We need to send a loud and clear message to Mayor Eric Garcetti, the Herb Wesson led City Council, the County Board of Supervisors, the Los Angeles Community College District, the Los Angeles Unified School District, Governor Jerry Brown, and our representatives in Sacramento that we are not their ATM. If all the taxes on […]