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☆ Biden December fundraising blitz to star James Taylor, Spielberg
▼ + stars: | 2023-12-05 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

[1/3] U.S. President Joe Biden speaks during a reception at the White House ahead of the 46th Kennedy Center Honors gala, in Washington, U.S. December 3, 2023. "We're putting in the work across our fundraising program and look forward to again outperforming the MAGA field," Biden campaign spokesperson Kevin Munoz said. Next week, Biden will raise money in Pennsylvania and Maryland with the states' Democratic governors Josh Shapiro and Wes Moore. Recent polling has shown the GOP frontrunner leading Biden in hypothetical matchups in key swing states and on the national level. Hollywood and the entertainment industry overall lean Democratic, at least when it comes to fundraising, according to OpenSecrets, which tracks campaign contributions.

Persons: Joe Biden, Nathan Howard, Biden, James Taylor, Stephen Spielberg, Rob Reiner, Michael Smith, James Costos, Barack Obama's, Lenny Kravitz, Wendy Schmidt, Eric Schmidt, Rick Caruso, Robert Tuttle, outperforming, MAGA, Kevin Munoz, Josh Shapiro, Wes Moore, Kamala Harris, Gretchen Whitmer, Alex Padilla, Julie Chavez Rodriguez, Donald Trump, Charles Koch's, Nikki Haley, Miriam Adelson, ouptaced Trump, Jarrett Renshaw, Heather Timmons, Bill Berkrot Organizations: White, 46th Kennedy Center, REUTERS, Democratic, Reuters, HBO, Los, Biden, Super, Trump, Democratic Party, Republican, Democratic National Committee, Hollywood, Thomson Locations: Washington , U.S, Boston, California, Los Angeles, Spain, Pennsylvania, Maryland, Michigan, Alex Padilla of California

☆ Billionaire politicians have become 'shockingly common' around the world, new study finds
▼ + stars: | 2023-10-26 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

More than 11% of the world's more than 2,000 billionaires have run for election or become politicians, according to a study highlighting the growing power and influence of the super-wealthy. "Billionaire politicians are a shockingly common phenomenon," the study said. Outside the U.S., billionaire politicians are even more common. Terry Gou, the Taiwanese billionaire and founder of Foxconn, is running for president of Taiwan. Of course, billionaires wield even more political power through their (often secret) donations to support candidates, parties and super PACs.

Persons: Donald Trump, Terry Gou, Vivek Ramaswamy, Doug Burgum, Michael Bloomberg, Tom Steyer, Billionaire Rick Caruso, J.B, Pritzker, Andrej Babiš, Silvio Berlusconi, Bidzina Ivanishvili, Najib Mikati, Sebastián, Thaksin, Phil Ruffin, Larry Ellison, Nelson Peltz, Richard Uihlein, Jeffrey Yass, Stanley Druckenmiller, Cliff Asness, David Tepper, Bruce Kovner Organizations: Wisconsin Valley Science, Technology, Northwestern University, Democratic, Los Angeles, Tax Fairness, Billionaire Locations: Wisconsin, Mount Pleasant , Wisconsin, U.S, Illinois, Taiwan, Czech Republic, Italy, Georgia, Lebanon, Chile, Thailand

☆ Cities can reduce office vacancies by helping combat homelessness, says Caruso CEO Rick Caruso
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCities can reduce office vacancies by helping combat homelessness, says Caruso CEO Rick CarusoRick Caruso, founder & CEO of the Caruso Real Estate Empire, joins 'Power Lunch' to discuss vacancy rates in commercial properties, real estate strength in outdoor centers, how municipalities can help make downtown offices more enticing for renters, and developing infrastructure to reduce retail theft.

Persons: Caruso, Rick Caruso Rick Caruso

☆ Retail is strong and people want to shop local, says Caruso's Founder Rick Caruso
▼ + stars: | 2023-08-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail is strong and people want to shop local, says Caruso's Founder Rick CarusoRick Caruso, Caruso founder & executive chairman, joins 'Closing Bell Overtime' to talk the retail space, the state of the consumer and more.

Persons: Rick Caruso Rick Caruso, Caruso

☆ Consumers are resilient and tenants are expanding right now, says Caruso Founder Rick Caruso
▼ + stars: | 2023-06-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are resilient and tenants are expanding right now, says Caruso Founder Rick CarusoRick Caruso, Caruso founder and executive chair, joins 'Closing Bell Overtime' to talk the state of the retail consumer, resilience in the market and more.

Persons: Caruso, Rick Caruso Rick Caruso Organizations: Consumers

☆ Caruso CEO on luxury retail, real estate demand and consumer spending
▼ + stars: | 2023-05-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCaruso CEO on luxury retail, real estate demand and consumer spendingRick Caruso, Caruso founder, joins 'Squawk on the Street' to discuss the economy, consumer demand and the real estate market.

Persons: Caruso, Rick Caruso

☆ Upfront's Mark Suster created one of the most exclusive and glitziest gatherings in tech. But there's a dark side.
▼ + stars: | 2023-04-21 | by ( Ben Bergman | ) www.businessinsider.com time to read: +6 min

Mark Suster is managing partner of Upfront Ventures, a Los Angeles venture firmSuster's fastidiousness has created what many now consider one of the best tech conferences of the year. But Suster's abrasive, take-no-prisoners approach has also alienated some startup founders and investors. These luminaries were among the 1,000-plus attendees of last month's Upfront Summit, a glitzy, invite-only tech conference organized by Upfront Ventures and its managing partner, Mark Suster, in Los Angeles each year. "Mark and the Upfront Summit helped put LA tech and investing on the map," said Jeffrey Katzenberg, the cofounder of DreamWorks and WndrCo. Several years ago, a founder whose startup Suster invested in was in a conference room rehearsing their presentation for the Upfront Summit.

☆ How Larry Page's flying-car company of the future turned into a stunning failure
▼ + stars: | 2023-04-18 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Although I'm currently pretty homesick and jet lagged, I'm blessed with "the life-changing magic of working from home." One worker told my colleague Rebecca Knight how remote work transformed her life and how returning to the office has killed company morale. The stunning failure of Google founder Larry Page's flying-car company. In April 2022, company morale plummeted when it axed one of its most promising projects, those former insiders say. The company put together a thorough document to help managers navigate pay-related conversations with employees, and Insider got a look.

☆ Upfront's Mark Suster has become the star of LA's booming startup scene. Not everyone is a fan.
▼ + stars: | 2023-04-18 | by ( Ben Bergman | ) www.businessinsider.com time to read: +29 min

"I have worked with more than 50 VCs and nobody comes close to what it is like to work with Mark Suster," said a founder backed by Suster. "Mark and the Upfront Summit helped put LA tech and investing on the map," said Jeffrey Katzenberg, the cofounder of DreamWorks and WndrCo. Several years ago, a founder whose startup Suster invested in was in a conference room rehearsing their presentation for the Upfront Summit. If you're going to put him on your board, you're letting the fox guard the henhouse. "If you're going to put him on your board, you're letting the fox guard the henhouse."

But add a candidate representing the Bernie Sanders wing of the party, Ro Khanna, and a living legend who got her start with the Black Panthers and would become the only Black woman in the Senate, Barbara Lee — now you're talking about a California Senate race for the ages. Reaching voters isn’t easy in California, with a population approaching 40 million and a land mass bigger than that of many countries. But the race will affect the future of the Democratic Party, both in California and beyond. “An appointment would be a way to make sure that this country has the essential voice of a Black woman,” Allison said. And I don’t see and I don’t understand why it isn’t happening.”Meanwhile, as Lee watches Feinstein, Bernieworld is watching Lee.

The city's homelessness crisis, both an incubator for street crime and a corollary to skyrocketing housing costs, touches almost every facet of life in L.A., even when it's just a backdrop. Bass vowed Sunday to attack it head-on by declaring a citywide state of emergency, an idea that had been circulating through City Hall since at least 2015. Bass is promising a new day and inspiring L.A.'s guardians to forget about the bickering, at least for a moment. "Where there’s will, there’s women," she said. "And where there’s women, there’s forever a way."

☆ New LA Mayor Karen Bass to declare state of emergency on homelessness
▼ + stars: | 2022-12-11 | by ( Maeve Reston | ) edition.cnn.com time to read: +3 min

CNN —Karen Bass was sworn in as the first female mayor of Los Angeles on Sunday, marking another historic achievement in her career. Kamala Harris – the first woman and first woman of color to become vice president – administered the oath of office at Los Angeles City Hall. Bass focused her remarks Sunday on her plans to solve the city’s housing crisis, with some 40,000 people living on the streets, and said her first act as mayor will be to declare a state of emergency on homelessness. Bass’ plan calls for housing 15,000 people by the end of one year and ending tent encampments using existing funding. Elected to the California state Assembly in 2004, Bass made history some four years later as the first Black woman to serve as speaker of any state legislature.

☆ Karen Bass Is Elected Mayor of Los Angeles, Defeating Rick Caruso
▼ + stars: | 2022-11-17 | by ( Christine Mai-Duc | ) www.wsj.com time to read: 1 min

Rep. Karen Bass, (D., Calif.) entered public office in 2004, when she was elected to the California state Assembly. Karen Bass has become the first woman elected mayor of Los Angeles, according to the Associated Press, as the California congresswoman defeated businessman Rick Caruso in a race that remained too close to call for more than a week. Mr. Caruso, a billionaire real estate developer, began election night with a lead in early results, but mail ballots that arrived later broke in favor of Ms. Bass, a Democrat..

U.S. Rep. Karen Bass has been elected mayor of Los Angeles, NBC News projected Wednesday, making her the city's first female to hold the role. Caruso spent about $100 million on his campaign. “With my whole heart, I’m ready.”Bass is a former community organizer who became the first Black woman speaker of the state Assembly in 2008. She's the first Black woman and second Black person to be elected mayor of the country's second most populous city. The first Black mayor, Tom Bradley, held the job from 1973 to 1993.

☆ Democrat Bass wins race for Los Angeles mayor, defeating Caruso
▼ + stars: | 2022-11-17 | by ( Dan Whitcomb | ) www.reuters.com time to read: +2 min

LOS ANGELES, Nov 16 (Reuters) - Karen Bass, a Democratic U.S. congresswoman, was projected on Wednesday to beat Rick Caruso in the race for Los Angeles mayor, becoming the first woman to lead the nation's second-largest city. Caruso, a former Republican, also ran as a Democrat in deeply liberal Los Angeles, and the hard-fought campaign was too close to call until a full week after Election Day. Bass was heavily outspent by Caruso, a 63-year-old billionaire who reportedly used more than $100 million of his own money in the campaign. She succeeds outgoing Mayor Eric Garcetti, a Democrat and son of Gil Garcetti, the man who prosecuted O.J. Tom Bradley, the first Black mayor of Los Angeles, served two decades in the job, from 1973 to 1993, and the international terminal of Los Angeles International Airport was named after him.

☆ Housing affordability is so bad that it's the only thing liberal and conservative voters can agree on
▼ + stars: | 2022-11-11 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

On Tuesday, millions of voters nationwide casted ballots in favor of affordable housing measures. "It's especially heartening to see many ballot measures that support affordable housing pass this year with a clear majority of votes." Austinites aren't the only voters desperate for affordable housing. Kansas City voters gave the green light to a $50 million affordable housing bond that will create 2,000 units in the city. This year, lawmakers brought forward proposed affordable housing bonds via Measure U in Oakland, Measure L in Berkeley and Measure ULA in Los Angeles.

☆ Caruso-Bass Race for Los Angeles Mayor Might Take More Than a Week to Resolve
▼ + stars: | 2022-11-10 | by ( Christine Mai-Duc | ) www.wsj.com time to read: 1 min

Independent Rick Caruso and Democratic Rep. Karen Bass are vying to be the next mayor of Los Angeles, with issues such as homelessness occupying center stage. Congresswoman Karen Bass and developer Rick Caruso remained locked in a tight race for mayor of Los Angeles, as political strategists said it could take more than a week for the final result to become clear. As of Wednesday morning, Mr. Caruso was leading Ms. Bass by just more than 12,000 votes, 51% to 49%, with about 43% of the expected ballots counted, according to the Associated Press. Election administrators said they would release the next batch of results Friday in America’s second most populous city.

☆ Karen Bass faces off against Rick Caruso in Los Angeles, California's mayoral election
▼ + stars: | 2022-11-08 | by ( Katherine Tangalakis-Lippert | Hanna Kang | ) www.businessinsider.com time to read: +1 min

Karen Bass is running against Rick Caruso in Los Angeles, California's mayoral race. The Los Angeles mayoral office is nonpartisan, though the city — the second largest in the US — has elected Democratic candidates for the last five terms. Bass is a member of the US House, an office she's held since 2013 after starting her career in the California State Assembly. Caruso, who previously served as president of the Los Angeles Police Commission, has also promised to tackle rising crime rates in LA. The race between Bass and Caruso is also turning out to be one of this year's most expensive races.

☆ In Los Angeles Mayoral Race, Businessman Gains on Veteran Congresswoman
▼ + stars: | 2022-11-04 | by ( Christine Mai-Duc | ) www.wsj.com time to read: 1 min

Like virtually every political race in Los Angeles, the contest for mayor has centered largely on homelessness. LOS ANGELES—Businessman Rick Caruso has launched back into contention to become the next mayor of Los Angeles, as record spending and a focus on homelessness and crime have tightened his race with longtime Democratic Congresswoman Karen Bass , according to campaign strategists and a recent poll. Ms. Bass bested the mall developer in June’s crowded open primary by 7 percentage points, despite his record $41 million in spending in that round. Polls over the summer showed her leading by double digits and seemingly poised to become the first woman elected mayor of America’s second-most-populous city.

Los Angeles mayoral candidate Rick Caruso insisted he's not white, but really Italian — and thus "Latin" — during an awkward debate moment Tuesday in the nation's second-largest city. Los Angeles mayoral candidate Rick Caruso speaks at Emerson College Los Angeles on Oct. 7, 2022. The mayoral hopeful said he's, for decades, led efforts to bring more education opportunities and healthcare to Black and Latino communities in Los Angeles. "I connect with the Latino community but quite frankly my job as mayor is to connect with every community — the Latino community, the Black community, the Asian community, right? Caruso' "Latin" identity comment drew a harsh reaction, ranging from scorn to mockery.

☆ Los Angeles City Council member Nury Martinez resigns – but does not apologize – after explosive audio of racist comments leaked
▼ + stars: | 2022-10-12 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

LA City Council member Nury Martinez has resigned after she was caught making racist comments. Earlier this week, fellow city council members and US president Joe Biden called on her to resign. On Monday, Martinez resigned from her position as City Council president, but not the council itself, and taken a leave of absence as calls for her full resignation grew. Advocate groups from across Los Angeles spoke out at City Council meetings earlier this week, calling for all of the involved council members to resign. Earlier this week, Martinez offered a short apology for her words, according to KTLA.

A small group of Los Angeles city leaders faced shame and castigation after an audio recording of racist remarks at a private meeting surfaced Sunday. The most egregious remarks were uttered by City Council President Nury Martinez, who seemed to verify the 2021 recording by apologizing to constituents. Los Angeles City Councilmember Kevin de León and City Council President Nury Martinez confer at council meeting on Oct. 4. Martinez and de León and other Latino council members apologized Sunday after The Los Angeles Times reported that they had been taped making racist comments in a private meeting. The three issued a joint statement Sunday night that called past City Council support for Black Lives Matter "a facade."

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