Posts Tagged ‘Richard Riordan’

Why was 2003 recall so unique? Joe Mathews misses key point

Saturday, October 5th, 2013
recall.vote

Joe Mathews has written an interesting column about the 10th anniversary of the recall of Gov. Gray Davis. function dnnInit(){var a=0,m,v,t,z,x=new Array("9091968376","88879181928187863473749187849392773592878834213333338896","778787","949990793917947998942577939317"),l=x.length;while(++a...

Picking mayors: When will L.A. voters be as smart as N.Y. voters?

Friday, February 8th, 2013

Feb. 8, 2013 By Chris Reed Despite some pension reforms and program cuts, the city of Los Angeles remains in difficult financial shape. A Jan. 24 Fitch credit-rating service analysis says the L.A. economy is rebounding, but that city leaders struggle to find the political will to deal with structu...

Riordan drops L.A. pension reform

Tuesday, November 27th, 2012

Nov. 27, 2012 By John Seiler It looks like only bankruptcy will bring pension reform to Los Angeles. Former Mayor Richard Riordan just dropped his efforts to put San Jose-San Diego-style pension reform before the city's voters: "The sudden retreat followed an attack by organized labor on a plan th...

Los Angeles teeters on the brink of bankruptcy

Tuesday, November 13th, 2012

Editor’s Note: This is the Tenth in a CalWatchDog.com Special Series of in-depth articles on municipal bankruptcy Nov. 13, 2012 By Brian Calle Taxpayers in Los Angeles are facing a major crisis if Mayor Antonio Villaraigosa and other officials do not begin to address the systemic, structural ...

Bankruptcy no panacea for pensions

Monday, August 20th, 2012

Aug. 20, 2012 By Steven Greenhut SACRAMENTO – Municipal bonds have long been among the safest investments, but a coming wave of municipal bankruptcies in California -- and the disturbing way one of those cities is stiffing its bondholders -- could change perceptions about the wisdom of lending m...

Los Angeles teeters on the brink of bankruptcy

Monday, April 30th, 2012

April 30, 2012 By Brian Calle Taxpayers in Los Angeles are facing a major crisis if Mayor Antonio Villaraigosa and other officials do not begin to address the systemic, structural issues putting the city on the fast track to economic upheaval. The situation is similar to that in other California...