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☆ Latino leaders call for resignations over racist remarks while outlining 'principled path' to representation
▼ + stars: | 2022-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Edwin-Head-Shot-Copy.Jpg | Edwin Flores | ) www.nbcnews.com time to read: +3 min

A group of Latino academics and civic leaders are insisting on the resignations of Latino members of the Los Angeles City Council after a recording of racist remarks was leaked, while outlining the need to ensure that the city's Hispanics are represented politically in a way that still strengthens race relations. "It is time to chart a principled path for the role an emerging Latino majority plays in our community." “The City of Los Angeles is overdue for institutional reform, especially reform that depoliticizes the redistricting process,” they said. The City Council is up for election on Nov. 8. In the letter, the group requested the opportunity to meet with City Council leaders.

☆ His McLaren Is One of the Hardest Cars in the World to Get
▼ + stars: | 2022-10-22 | by ( A.J. Baime | Photographs Melody Timothee For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Gil Dezer , 47, a real-estate developer living in Miami, on his 2020 McLaren Speedtail, as told to A.J. Back in the early 1990s, McLaren put out a car called the F1. At that time, McLaren built race cars only, and this was the company’s first real production road car. McLaren only made 106 of these cars. I had a poster of it on my wall, and I dreamt that someday I could own one.

☆ Latino LA councilman said he won't resign following uproar over racist remarks
▼ + stars: | 2022-10-20 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

LOS ANGELES — Embattled Los Angeles Councilman Kevin de Leon said Wednesday he will not resign amid an uproar over a leaked tape that revealed him participating in a meeting in which Latino officials made crude, racist remarks and plotted to expand their political power. The scandal already has led to the resignation of former City Council President Nury Martinez and calls from President Joe Biden for those involved to step down. The councilman also told KCBS-TV in Los Angeles that he would refuse to resign. “We don’t want him here because he’s racist,” said Loera, a salesman reviewing items at a local household goods shop with a view of downtown Los Angeles. Los Angeles City Council members are among the highest paid in the country with annual salaries of nearly $229,000, and de Leon’s announcement also keeps his city paychecks coming.

☆ Is it time to invest in China's internet giants? Two strategists weigh in
▼ + stars: | 2022-10-20 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Investing in China's technology giants may seem like a risky move to some investors, but one analyst says valuations are "extremely cheap" and China tech buys are an obvious choice now. Tencent and Alibaba are "extremely strong companies," according to Anand Batepati, portfolio manager at GFM Focus Investing. "Unless you think that the government or some external force is going to destroy 90% of their existing business, then I think it's a no brainer" to buy these stocks, he told CNBC's "Street Signs Asia" on Tuesday. However, Gil Luria, technology strategist at D.A. Investors should avoid Chinese big tech stocks because their overseas expansion could be affected as the country is headed toward an "isolationist path," Luria said.

☆ LA City Council member embroiled in racist audio scandal says he won't resign: 'There is a lot of work ahead.'
▼ + stars: | 2022-10-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

LA City Council member Kevin de León said he will not resign amid scandal over leaked audio. "No, I will not resign, because there is a lot of work ahead," de León said, invoking Los Angeles' homelessness problem. De León's decision comes just days after LA City Council member Nury Martinez resigned amid mounting pressure over the same audio. "People should not ask me for forgiveness, because I can't forgive them because it's not my prerogative," he said during a council meeting. Then-acting City Council President Mitch O'Farrell stripped de León and Cedillo of their committee duties earlier this week.

☆ Los Angeles Country Club to host 2039 U.S. Open
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

Oct 19 (Reuters) - The Los Angeles Country Club will host the 2039 U.S. Open and 2032 U.S. Women's Open, the United States Golf Association (USGA) said on Wednesday. The Los Angeles Country Club, located on the edge of Beverly Hills, will host next year's U.S. Open on the famed North Course which was returned to its original George C. Thomas Jr. layout by architect Gil Hanse during a 2010 restoration project. "We could not be more excited to bring our two biggest national championships to The Los Angeles Country Club and extend our relationship with the club that dates back more than 90 years," USGA chief championships officer John Bodenhamer said in a statement. The Los Angeles Country Club will become just the third U.S. Open venue in Southern California, joining The Riviera Country Club in Pacific Palisades (1948) and Torrey Pines Golf Course in San Diego (2008, 2021). Register now for FREE unlimited access to Reuters.com RegisterReporting by Steve Keating in TorontoOur Standards: The Thomson Reuters Trust Principles.

☆ Anand Batepati and Gil Luria on bull-or-bear case for China big tech
▼ + stars: | 2022-10-18 | 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 EmailCNBC full interview with Anand Batepati and Gil Luria on their bull-or-bear case for China big techAnand Batepati, portfolio manager at GFM Focus Investing, and Gil Luria, technology strategist at D.A. Davidson, weigh in on whether investors should buy or avoid Chinese big tech stocks.

☆ Leaked L.A. City Council Audio Exposes the Racial Underbelly of Local Politics
▼ + stars: | 2022-10-16 | by ( Will Swaim | ) www.wsj.com time to read: +1 min

The ground shakes periodically in Southern California, but Los Angeles has rarely experienced a political earthquake as sudden and severe as the one that rocked City Hall this week. The leaked October 2021 recording, published first on Reddit and then by the Los Angeles Times, captures a shockingly candid conversation among City Council President Nury Martinez and Councilmen Gil Cedillo and Kevin de León . Ron Herrera , Los Angeles County’s top union leader, was also present. The four met to discuss how they might carve up the city’s voting districts to maintain Latino political power. Few of the hyperdiverse city’s racial and ethnic groups went uninsulted.

☆ Los Angeles’ Nury Martinez’s shocking anti-Black remarks hurt at the deepest level
▼ + stars: | 2022-10-14 | by ( Amir Whitaker | Amir Whitaker Is Senior Policy Counsel With The Aclu Of Southern California. Before Joining The Aclu | Whitaker Represented Students | ) www.nbcnews.com time to read: +6 min

Many of us in Los Angeles are still in shock from the recently leaked audio recording of politicians spewing racist and hateful language. It laid bare the true colors of four of the most influential Latinx leaders in the country, whose collective power affects nearly 4 million Angelenos. But this is Los Angeles, one of the most diverse cities in the world. Hearing a public servant in one of the most powerful seats in our city government fantasize about committing violence against a Black child was extremely troubling. I get anxious just thinking about having to explain to my Black child what they need to know to survive in America.

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Some may want to see the explosive, racist diatribes of a handful of prominent Los Angeles City Council members as an unfortunate incident that will eventually fade away. But the reality is that such prejudice from Latino to Latino and Latino to other racial groups is not so uncommon. That was on stark display in the conversation among former Los Angeles City Council President Nury Martinez, council members Kevin De León and Gil Cedillo and Los Angeles County Federation of Labor President Ron Herrera, who resigned Monday. "If you’re going to talk about Latino districts, what kind of districts are you trying to create?” she asks her colleagues in frustration. Zapotecs, or Indigenous people of Oaxacan descent, number about 200,000 in Los Angeles County, one of the largest Oaxacan communities outside Mexico.

☆ Wesley Chan's FPV Ventures coleads $10 million round in Astra, a fintech startup that makes it easier for companies to embed payments technology into their businesses
▼ + stars: | 2022-10-13 | by ( Emilia David | ) www.businessinsider.com time to read: +2 min

The startup raised $10 million in Series A funding led by FPV and Slow Ventures. Astra, a fintech startup that's developed technology to allow developers to embed financial automation into existing products, raised a $10 million Series A along with a $30 million line of credit. "Everything was going really, really fast and really big, so we said, why not ride this growth." For example, B2B payments company Hopscotch recently raised $6.1 million in additional funding in March. Akos said one of Astra's goals is to move upmarket and begin providing payments services to startups in the later stages.

☆ Former L.A. City Council president resigns amid uproar over leaked audio of racist remarks
▼ + stars: | 2022-10-12 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +4 min

The former president of the Los Angeles City Council at the center of a controversy over leaked audio of racist remarks announced her resignation from the elected board on Wednesday. “It is with a broken heart that I resign my seat for Council District 6, the community I grew up in and my home,” she said. No one expected me to win, but with the support of residents throughout the district I overcame that challenge and won the seat for Council District 6. In the leaked audio, Martinez likened the Black son of council member Mike Bonin, who was 2 years old at the time, to an animal. Since the Los Angeles Times first reported about the audio recording on Sunday, the controversy has grown into a national story.

☆ California attorney general to investigate L.A. City Council after leak of audio with racist remarks
▼ + stars: | 2022-10-12 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

The California attorney general announced Wednesday his office will investigate the Los Angeles City Council to determine whether any laws were broken after an audio recording of racist remarks surfaced this week. Martinez has resigned as council president, and she announced she is taking a leave of absence from the council, according to NBC Los Angeles. Bonta said in the statement he was “deeply appalled" by the remarks from some of Los Angeles’ highest-ranking officials. A council meeting Wednesday was also met with a hostile crowd that disrupted the beginning of the meeting more than once. “The leaked audio has cast doubt on a cornerstone of our political processes for Los Angeles," Bonta said in the Wednesday statement.

☆ Wendell Pierce, LaTanya Richardson Jackson among honorees set for AAFCA's inaugural Salute to Broadway
▼ + stars: | 2022-10-12 | by ( ) www.nbcnews.com time to read: +2 min

“Death of a Salesman” actor Wendell Pierce, “The Piano Lesson” director LaTanya Richardson Jackson and “Till” star John Douglas Thompson are among the honorees set for the inaugural Salute to Broadway presented by the African American Film Critics Association. The event is set for Oct. 17 at The Lambs Club in the heart of Midtown’s theater district. “It’s no secret that some of our greatest actors have come from the stage or have tested their chops on it,” said Gil Robertson, co-founder of AAFCA. Suzan-Lori Parks’ Pulitzer-winning “Topdog/Underdog” — which starred Corey Hawkins and Yahya Abdul-Mateen II and was directed by Kenny Leon in its first Broadway revival — is slated for the Spotlight Award. The production, which began previews Sept. 19 and opens Oct. 13 at Ethel Barrymore Theatre, makes Richardson Jackson the first woman to direct a Wilson play on the Main Stem.

☆ 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.

☆ Los Angeles city official resigns amid furor over racist comments
▼ + stars: | 2022-10-12 | by ( Tyler Clifford | Dan Whitcomb | ) www.reuters.com time to read: +2 min

LOS ANGELES, Oct 12 (Reuters) - A Los Angeles city councilwoman resigned her seat on Wednesday, days after she stepped down as president of the body as pressure mounted after an audio recording of her making racist comments was made public. Democrat Nury Martinez, who represented Los Angeles' sixth district, faced calls to resign from local officials and U.S. President Joe Biden. A fourth person heard on the leaked tape, local labor leader Ron Herrera, has resigned from his position as president of the Los Angeles County Federation of Labor. Martinez was first elected to the city council in 2013 and became president in 2020. Martinez also disparaged Mexicans from Oaxaca and voiced her displeasure with Los Angeles County District Attorney George Gascón, saying "he's with the Blacks."

☆ Crowd demands resignations at chaotic L.A. City Council meeting after leaked recording of racist remarks
▼ + stars: | 2022-10-11 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +7 min

An outraged crowd converged on a meeting at Los Angeles City Hall on Tuesday and demanded the immediate resignations of three Latino City Council members after an audio recording of racist remarks surfaced this week. Martinez has resigned as council president, and she announced she is taking a leave of absence from the council, according to NBC Los Angeles. Lori Condinus of the National Action Network Los Angeles was one of dozens of members of the public to speak. Martinez apologized and announced she was stepping down as council president in a statement Monday. “Therefore, effective immediately I am resigning as President of the Los Angeles City Council."

☆ Los Angeles official takes leave of absence as racist comments roil city
▼ + stars: | 2022-10-11 | by ( Dan Whitcomb | ) www.reuters.com time to read: +2 min

LOS ANGELES, Oct 11 (Reuters) - A Los Angeles city councilwoman day took a leave of absence from her post on Tuesday as a furor raged around her and two colleagues over racist comments she was heard making on an audiotape of their private conversation. Democrat Nury Martinez, who resigned her leadership post a day earlier, announced her leave of absence in a statement issued before the regularly scheduled council meeting. Herrera resigned on Monday night from his position as president of the Los Angeles County Federation of Labor, the Los Angeles Times reported. Martinez also disparaged Mexicans from Oaxaca and voiced her displeasure with Los Angeles County District Attorney George Gascón, saying "he's with the Blacks." Martinez was first elected to the city council in 2013 and became president in 2020.

☆ Los Angeles council president steps down after audio leak of racist comments
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +2 min

Oct 10 (Reuters) - A Los Angeles city councilwoman resigned as president of the council on Monday after the release of an audio recording in which she makes racist and other disparaging comments, including ones about the Black son of a colleague. She continues to represent Los Angeles' sixth district. Register now for FREE unlimited access to Reuters.com RegisterMartinez also disparaged Mexicans from Oaxaca and voiced her displeasure with Los Angeles County District Attorney George Gascón, saying "he's with the Blacks," the Times reported. Bonin issued a statement on Sunday calling for the city council to remove Martinez as president and for her to resign from the legislative body. Martinez was the first Latina to become president of the city's council in January 2020, according to her office website.

The president of the Los Angeles City Council resigned Monday after an audio recording of racist remarks surfaced. Los Angeles City Council President Nury Martinez at Los Angeles City Hall on April 1, 2022. The 2021 audio from a political strategy meeting attended by a handful of Latino Democrats on the council was first reported Sunday by the Los Angeles Times. "Therefore, effective immediately I am resigning as President of the Los Angeles City Council," she said. Bonin has called for Martinez, De León and Herrera to resign and said the episode points to deep fissures in the city’s population.

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."

Latinos are the second largest demographic population in the United States, but they are vastly underrepresented on corporate boards, according to a new report by the Latino Corporate Directors Association. "Sixty-five percent of Fortune 1000 companies lack Latinos, and Latinos are seeing the least growth of any other group," Esther Aguilera, CEO of LCDA, told CNBC at this week's L'Attitude Conference. This has to change," Elizabeth Oliver-Farrow, chair of the Latino Corporate Directors Association, said in a release. The Latino Corporate Directors Association, a membership-based organization of U.S. Latinos at the highest level of corporate leadership and corporate governance, was formed to increase U.S. Latino representation on corporate boards by raising visibility of the Hispanic talent primed for the boardroom. "These are extremely accomplished individuals, who have led and grown business on the corporate level internationally and they add additional value and insight into new markets," Aguilera said.

☆ F1 is the biggest party weekend of the year in Singapore, but it'll easily set you back thousands of dollars. We broke down the prices.
▼ + stars: | 2022-09-19 | by ( Amanda Goh | ) www.businessinsider.com time to read: +6 min

The 2022 F1 Singapore Grand Prix is taking place from September 30 to October 2. Around 268,000 fans attended the 2019 F1 Singapore Grand Prix — the second-highest on record since the 2008 inaugural race, race organizer Singapore GP told local news outlet The Straits Times. Here's how much it'll cost you to party big during F1 weekend in Singapore. The Marina Bay skyline as viewed from Marina Bay Sands. 4FR/Getty ImagesLAVO, an Italian restaurant also on the MBS rooftop, is holding a Race Weekend Party Brunch.

☆ See the presentations that hot healthcare startups used to raise millions from top VCs
▼ + stars: | 2022-09-08 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +8 min

Here are the presentations obtained by Insider that healthcare startups have used to raise millions. Even so, healthcare startups raised $15.8 billion in the first half of the year, according to Silicon Valley Bank. Insider rounded up all the presentations we've published that healthcare startups have used to raise cash from investors. For instance, check out the 13-slide presentation heart-health startup Miga Health used to raise $12 million in seed funding. Brightside used this presentation to break through a crowded field of mental health startups and convince VCs to invest $24 million.

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