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LOS ANGELES (AP) — State investigators repeatedly identified fire and safety hazards at a leased storage space under an elevated Los Angeles freeway before it burned in an arson fire, documents show. Gavin Newsom said the state will reassess the practice of leasing land under roads to bring in money for mass transportation projects. Political Cartoons View All 1256 ImagesApex Development Inc. has leased the land under I-10 since 2008. In September, state officials filed a lawsuit against Apex saying it owes $78,000 in unpaid rent. Caltrans had “informed Apex Development of the need to address violations, especially those creating safety hazards,” the agency said in a statement.
Persons: , Gavin Newsom, Kamala Harris, Newsom, Karen Bass, Daryl Myatt, Mainak, ” D’Attaray, Marshall, Izzy Gordon, ” Brandon Richards, Richards Organizations: ANGELES, , The California Department of Transportation, Caltrans, Authorities, Gov, Apex Development Inc, Apex, Apex Development, “ Apex, CalTrans, California’s, California Department of Forestry, Cal Fire, Caltrans “, State Fire Locations: Angeles, Los Angeles, Apex, California
LOS ANGELES (AP) — Repairs to an elevated Los Angeles freeway closed because of an arson fire are moving faster than expected and all lanes are scheduled to reopen by next Tuesday, California Gov. “The bridge structure itself seems to be in better shape than we anticipated," Newsom said during an evening news conference. “This is a good day in Los Angeles,” Los Angeles Mayor Karen Bass said. An estimated 300,000 vehicles use the stretch of freeway daily, which runs east-west across the heart of the metropolis and connects with other major highways. The city has been urging people to avoid the area, take buses and trains, or work from home.
Persons: Gavin Newsom, Newsom, Los Angeles Mayor Karen Bass Organizations: ANGELES, Los Angeles Mayor Locations: California, Los Angeles
Uncle Sam cleverly goes long on short sellers
  + stars: | 2023-11-15 | by ( John Foley | ) www.reuters.com   time to read: +4 min
The United States is a rare place where financial regulators hand out cash for information that leads to successful enforcement. Moreover, the rewards are not just for corporate insiders, but also short sellers. In 2019, the SEC doled out $60 million, a sum it has already exceeded nearly five-fold this year. Skeptical investors – notwithstanding their sleuthing skills – generally trade on information regulators could in theory find themselves. Short sellers aren’t always welcome, but some are undeniably being put to good use.
Persons: Julia Nikhinson, Carson Block, Kyle Bass, Waters, It’s, aren’t, , Jeffrey Goldfarb, Sharon Lam Organizations: U.S, Capitol, Congress, REUTERS, Reuters, U.S . Securities, Exchange Commission, Hayman Capital, SEC, Bloomberg, Futures Trading Commission, European, Harvard University, Workers, Thomson Locations: Washington , U.S, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. can't take Xi Jinping at his word, says Hayman Capital Management's Kyle BassHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Jinping, Hayman, Management's Kyle Bass, Brian Sullivan, Organizations: CNBC
For decades, the New York Philharmonic, the oldest symphony orchestra in the United States, was an all-male bastion. Often described as the first woman to become a permanent member of the Philharmonic, O’Brien was part of a pioneering group of female artists who opened doors for other women. O’Brien, who retired from the Philharmonic in 2021 after a 55-year career, has resisted speaking publicly about her life in music, preferring to stay in the background. But a new documentary short, “The Only Girl in the Orchestra,” directed by her niece, the filmmaker Molly O’Brien, looks at her struggles and achievements. (The film premiered last week at DOC NYC, a festival that celebrates documentary film.)
Persons: Orin O’Brien, O’Brien, , Molly O’Brien Organizations: New York Philharmonic, Philharmonic, Orchestra Locations: United States
“I always try to have real musicians play, even if I found a loop in a music library,” he said. Even if a replayed part has mistakes, he added, “those mistakes in records make it feel more real and authentic. I think that in those mistakes is where the perfection is found.”Where other producers deliver programmed beats and bombast, Barrera offers clarity. And it’s exciting to see 14-, 13-year-old kids playing tololoche, upright bass, the way they slap it. “And I try not to be too complicated, especially because the audience who I’m writing to is a younger generation.
Persons: Barrera, , , bombast, ” Barrera, ” “
LOS ANGELES (AP) — Arson was the cause of a massive weekend fire that charred and indefinitely closed a vital section of a Los Angeles freeway, causing major traffic headaches for hundreds of thousands of commuters, California authorities said. Los Angeles residents were urged to avoid travel to the area Monday and to work from home if possible. Ertugrul Taciroglu, chair of the civil and environmental engineering department at the University of California, Los Angeles, said part of the challenge is how expensive real estate has become. The city and county of Los Angeles in 2020 agreed to provide housing for almost 7,000 people living under freeways and near exit and entrance ramps. Associated Press writer Christopher Weber in Los Angeles contributed to this report.
Persons: Gavin Newsom, , ” Newsom, Crews shored, Joe Biden, Karen Bass, ” Bass, Newsom, , it’s, Shailen Bhatt, we’re, ” Bhatt, Blair Besten, Kristin Crowley, Daniel Berlant, They’ve, Mainak, ” D’Attaray, Ertugrul Taciroglu, ___ Watson, Christopher Weber, McMurray Organizations: ANGELES, Gov, ” LA, Associated Press, Business, Flames, California Fire, Apex Development, Inc, University of California, Transportation Locations: Los Angeles, California, LA, Long Beach, Angelenos, , Angeles, Philadelphia, downtown, She’s, , San Diego, Chicago
It also serves as a central artery for commuters making their way to and from the San Gabriel Valley, a constellation of cities with more than 1.5 million residents east of Los Angeles. During rush hour (and sometimes any random hour), it is where drivers sit bumper to bumper, restlessly inching forward. The recent fire that shut down a nearly two-mile stretch of the freeway created what would seem to be a disaster for a city already swamped with traffic troubles. And the kicker: It will be weeks before the affected stretch of Interstate 10 can reopen again. Yet for many residents, the repercussions have felt less catastrophic and more like just another Los Angeles annoyance.
Persons: Gavin Newsom, Karen Bass Locations: Angeles, San Gabriel Valley, Los Angeles
Crew members work in the area, where a fire erupted over the weekend, shutting down a heavily trafficked corridor in Los Angeles, California, U.S., November 13, 2023. REUTERS/Jorge Garcia Acquire Licensing RightsLOS ANGELES, Nov 14 (Reuters) - A Los Angeles freeway section heavily damaged by a weekend fire can be salvaged and reopened after extensive repairs rather than having to be demolished and rebuilt, a project that nevertheless will likely take three to five weeks, officials said on Tuesday. The project was expected to commence immediately and continue around the clock until completed, California Governor Gavin Newsom said. Meanwhile, arson investigators were continuing their work seeking to identify the person or persons responsible for setting the fire, Newsom said. Newsom said the state had leased the site to Apex Development Inc, a company based in Calabasas, north of Los Angeles.
Persons: Jorge Garcia, Gavin Newsom, Karen Bass, Newsom, Daniel Berlant, Steve Gorman, Alistair Bell Organizations: REUTERS, Santa, Fire, Apex Development Inc, Apex, Thomson Locations: Los Angeles , California, U.S, Los Angeles, Santa Monica, California, California's, Calabasas
The distinction is politically significant as the public has become increasingly frustrated over homeless camps in Los Angeles and other California cities, seeing them as a blight on neighborhoods and a threat to public safety. Some critics were quick this weekend to suggest that homeless campers might have been responsible for the latest blaze, which shuttered a freeway traversed by about 300,000 vehicles daily. “It’s an ongoing issue, but I don’t want to conflate it with the source of this fire,” Mr. de León said. “We need to see where the investigation goes.”Mayor Karen Bass of Los Angeles similarly urged caution and asked the public to refrain from jumping to conclusions about who had set the fire. There is no reason to assume that the origin of this fire or the reason this fire happened was because there were unhoused individuals nearby.”
Persons: Kevin de León, Mr, de León, Karen Bass, , Locations: Los Angeles, California, Angeles
Taylor Swift holds the top of the Billboard 200 album chart with her latest remake, while Jung Kook of BTS opens at No. “1989 (Taylor’s Version),” a rerecording of Swift’s nine-year-old LP, stays at No. 1 for a second time after a huge debut, when the new edition topped the opening-week sales of the original. Jung Kook, the latest member of the K-pop kings BTS to release a solo album during the group’s hiatus, starts at No. 2 with “Golden,” which notched nearly 42 million streams and sold 128,500 copies as a complete album, mostly on CD.
Persons: Taylor Swift, Jung Kook, Jimmy Buffett, , Jung Kook —, Jungkook —, Latto, Buffett, Emmylou Harris, Angélique Kidjo, — Paul McCartney Organizations: BTS Locations: United States
LOS ANGELES (AP) — Los Angeles motorists should expect traffic snarls during the Monday commute as crews assess how much damage was caused by a raging fire over the weekend that closed a major elevated interstate near downtown, officials said. Commuters were urged to work from home or take public transportation into downtown Los Angeles. Newsom declared a state of emergency Saturday afternoon and directed the state Department of Transportation to request assistance from the federal government. Los Angeles Mayor Karen Bass said she had also talked with U.S. Secretary of Transportation Pete Buttigieg about any additional resources that may be needed. California Secretary of Transportation Toks Omishakin said storage yards under highways are common statewide and across the country.
Persons: Gavin Newsom, ” Newsom, Kristin Crowley, Newsom, Los Angeles Mayor Karen Bass, Transportation Pete Buttigieg, , Transportation Toks, Bass Organizations: ANGELES, Gov, Patrol, Flames, Department of Transportation, Los Angeles Mayor, U.S, Transportation, Sunday Locations: Los Angeles, Alameda Street, Santa Fe, California
LOS ANGELES, Nov 13 (Reuters) - Investigators have determined arson caused the weekend fire that heavily damaged an elevated stretch of a downtown Los Angeles freeway, forcing its indefinite closure and setting the stage for prolonged traffic turmoil, state officials said on Monday. [1/7]Crew members work in the area, where a fire erupted over the weekend, shutting down a heavily trafficked corridor in Los Angeles, California, U.S., November 13, 2023. Newsom identified the leaseholder for state-owned property beneath the freeway that burned as Apex Development Inc, based in Calabasas, California, north of Los Angeles. Newsom on Sunday proclaimed a state of emergency in Los Angeles County in order to expedite repairs to the freeway. Reporting by Steve Gorman in Los Angeles and Daniel Trotta in Carlsbad, California; additional reporting by Rich McKay in Atlanta and Lisa Baertlein in Los Angeles; Editing by Jonathan Oatis and Stephen Coates and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.
Persons: Gavin Newsom, Newsom, Daniel Berlant, Berlant, Karen Bass, Laura Rubio, Rubio, Cornejo, Jorge Garcia, Bass, Steve Gorman, Daniel Trotta, Rich McKay, Lisa Baertlein, Jonathan Oatis, Stephen Coates, Miral Organizations: ANGELES, downtown, Transportation Department, REUTERS, Engineers, Apex Development Inc, Apex, Sunday, Los Angeles Times, Thomson Locations: Los Angeles, California, Santa Monica, downtown L.A, Los Angeles , California, U.S, Calabasas , California, Los Angeles County, Carlsbad , California, Atlanta
Los Angeles Mayor Karen Bass described the closure as a “crisis” for a city already notorious for its traffic woes. This photo provided by the California Department of Transportation shows an early morning fire along Interstate 10 near downtown Los Angeles on Saturday. A Los Angeles firefighter uses a robotic hose to douse a fire under Interstate 10 that severely damaged an overpass in downtown Los Angeles on Saturday. Wooden pallets, cars filled with gas and boxes of oranges have all been found under the Los Angeles bridge, officials said. Los Angeles firefighters mop up damage from a fire that severely damaged Interstate 10 near downtown Los Angeles on Saturday.
Persons: Angeles Mayor Karen Bass, Gavin Newsom, , ” Newsom, Bass, Newsom, , Firefighters, Richard Vogel, Kristin Crowley, Crowley Organizations: CNN, Los, Angeles Mayor, Los Angeles Fire Department, California Department of Transportation, Caltrans, Sunday, Department of Transportation, LA Unified School District, Los Angeles Locations: Los Angeles, Alameda Street, California, Los Angeles County, Philadelphia
CNN —Investigators are working to determine who is responsible for a massive fire over the weekend that has forced the indefinite closure of part of Los Angeles’ Interstate 10, as fire officials say the blaze was likely arson. Residents who are impacted have been urged to take public transit, work from home or plan for significant traffic delays. Investigators have sifted through the fire’s rubble in search of evidence and are working with Los Angeles firefighters to canvass the surrounding neighborhoods for potential witnesses and video footage, the fire marshal added. Firefighters responded to reports of the fire around 12:30 a.m. Saturday at a storage yard scattered with pallets, trailers and vehicles, according to the Los Angeles Fire Department. About 100 columns beneath the bridge were impacted by fire and are being inspected, according to transportation department director Tony Tavares.
Persons: Karen Bass, , Daniel Berlant, Berlant, Gavin Newsom, Newsom, , ” Bass, ” Newsom, Kristin Crowley, Jae C, ” John Yang, Yang, Tony Tavares, Transportation Toks Omishakin, ” Yang Organizations: CNN —, , , Firefighters, Los Angeles Fire Department, California Department of Transportation, Transportation, Apex Development, CNN Locations: Los Angeles, City, Los Angeles County, California
LOS ANGELES (AP) — Los Angeles motorists should expect traffic snarls indefinitely as crews assess how much damage was caused by a raging fire that closed a major elevated interstate near downtown, officials said Sunday. Commuters were urged to work from home or take public transportation into downtown Los Angeles. Newsom declared a state of emergency Saturday afternoon and directed the state Department of Transportation to request assistance from the federal government. California Secretary of Transportation Toks Omishakin said storage yards under highways are common statewide and across the country. At least 16 homeless people living underneath the highway were evacuated and brought to shelters, Mayor Karen Bass said.
Persons: Gavin Newsom, ” Newsom, Kristin M, Crowley, Newsom, , Transportation Toks, Karen Bass, Bass Organizations: ANGELES, Gov, Patrol, Flames, Fire, Department of Transportation, Sunday, Transportation Locations: Los Angeles, Alameda Street, Santa Fe, California
This time, it hinges on Los Angeles' new mansion tax, which impacts homes sold for over $5 million. She added of the city's mansion tax, "This is a very reasonable and equitable way to generate some resources that can support those needs." Unintended consequences of a mansion taxColloquially known as a mansion tax, United to House LA (Measure ULA) passed in November 2022 with 58% support. Shane Phillips, a UCLA housing researcher whose work helped inspire LA's mansion tax, is worried about the mansion tax depressing new development, particularly of multi-family buildings. Phillips argued that if the law is tweaked to exempt first-time sales, the mansion tax "will unquestionably do more good than harm."
Persons: , Mary Fitzgerald, Nicole Young, Jason Oppenheim, It's, Oppenheim, — aren't, Mari Castaldi, Karen Bass, Shane Phillips, Phillips, that's, Billy Rose, you'll, Rose, doesn't, Castaldi, Phillips isn't Organizations: Service, Netflix, Oppenheim Group, realtors, California Association of Realtors, Budget, House, LA Times, UCLA, Agency Locations: Angeles, Los Angeles, New York, Washington, Massachusetts, Chicago, Santa Fe, California, LA
1 on the UK charts with their latest and “last” song “Now and Then” becoming the country’s top single. 1, “From Me To You,” in May 1963, according to Official Charts, beating Elvis Presley’s span of 47 years and six months. Paul McCartney, the band’s bass guitarist, told Official Charts on Friday, “It’s mind boggling. At the ages of 81 and 83 respectively, McCartney and drummer Ringo Starr have made The Beatles the oldest band to claim a UK No.1 single, according to Official Charts. 1 singles in the UK, with 18 – with only Elvis Presley in the US having more (21), according to Official Charts.
Persons: , Elvis, John, Yoko, Kate Bush’s, Paul McCartney, , It’s, John Lennon, George Harrison, Lennon, Yoko Ono, McCartney, Ringo Starr, Elvis Presley Organizations: CNN, Beatles Locations: New York City
Before the 25-year-old rapper and singer Doechii began opening for Doja Cat on the Scarlet Tour last month, she had a high-profile warm-up gig in Los Angeles, performing before Beyoncé on her Renaissance World Tour. “Just to be in the stadium was incredible, and it was surreal,” Doechii said on a call from her Los Angeles home. “I created this world that I want my fans to live in with me and escape,” she said. “A place to where I can’t be wrong. I can’t be critiqued in this world because it’s my genre and my lane, which is alternative hip-hop.”
Persons: Doechii, Beyoncé, , “ I’ve, I’ve, , Oz Organizations: Dawg Entertainment, Capitol Records, Kodak Locations: Los Angeles, SZA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI think 'it's kind of crazy' that we're inviting China's Xi Jinping to the U.S., says Kyle BassKyle Bass, Hayman Capital Management founder and CIO, joins 'Squawk Box' to discuss the upcoming meeting between President Biden and Chinese president Xi Jinping on November 15, the state of U.S.-China relations, and more.
Persons: China's Xi Jinping, Kyle Bass Kyle Bass, Biden, Xi Jinping Organizations: Hayman Capital Management Locations: U.S, China
New York CNN —Hollywood actors have reached a tentative agreement with the major film and television studios to end their historic strike, the actors union announced Wednesday. While the writers’ strike was resolved in September, production has remained shuttered as the actors continued to strike and negotiate their contract. But the actors’ contract negotiations didn’t last long, breaking down on Oct. 11 before returning later in the month. By the end of October, it appeared the actors’ strike was approaching its final scene. But Hollywood actors have not appeared on their shows to promote their movies during the actors strike.
Persons: Fran Drescher, , ” Drescher, , , we’ve, AMPTP, Angeles Mayor Karen Bass, ” Bass, George Clooney, Tyler Perry, AFTRA, “ We’re, WGA’s, Jimmy Kimmel, Jimmy Fallon, Stephen Colbert, John Oliver, Seth Meyers – Organizations: New, New York CNN, Hollywood, Alliance, Television Producers, SAG, Writers Guild of America, didn’t, CNN, Angeles Mayor, Writers Guild, WGA Locations: New York, Los Angeles,
They arrested 29-year-old Shaquille Taylor after surveillance video and witness statements pointed to him as the shooter. The investigation showed Taylor was shooting at a car while Ludwig was walking in a park on the opposite side of the street, according to police. Taylor is charged with aggravated assault and evidence tampering, and was being held on a $280,000 bond. Taylor has been charged criminally several times in the past including three counts of assault with a deadly weapon. Earlier this year, a Nashville judge dismissed those charges, and Taylor was released after three court-appointed doctors testified that he was incompetent to stand trial.
Persons: Jillian Ludwig, Shaquille Taylor, Taylor, Ludwig, , Angelita Blackshear Dalton, Glenn Funk, ” Funk, Greg Jones, Jones Organizations: Belmont University, Metro Nashville Police, Vanderbilt University Medical, Nashville, ” Belmont University Locations: Tenn, Nashville, Tennessee, New Jersey
Prescriptions for ketamine have soared in recent years, driven by for-profit clinics and telehealth services offering the medication as a treatment for pain, depression, anxiety and other conditions. With its recent adoption for pain, patients are increasingly encountering those same effects. Ketamine targets a brain chemical messenger called glutamate, which is thought to play a role in both pain and depression. “We want patients to disassociate or feel separate from their pain, depression or anxiety,” said Dr. David Mahjoubi, owner of Ketamine Healing Clinic in Los Angeles. But the experts found “weak or no evidence” for ketamine in many more conditions, including back pain, migraines, fibromyalgia and cancer pain.
Persons: , , Padma Gulur, Gulur, Daniel Bass, Bass, ” Bass, David Mahjoubi, they’re, Eric Schwenk, Thomas, “ There’s, Johnson, Samuel Wilkinson, Caleb Alexander, Matthew Perrone Organizations: WASHINGTON, Duke University, Duke, Food and Drug Administration, FDA, Thomas Jefferson University, Epic Research, Johnson, Drug Enforcement, Yale University, Johns Hopkins University, Twitter, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: As, U.S, Southgate , Kentucky, Los Angeles, anesthesiology, Massachusetts
Nov 6 (Reuters) - Vacation property operator Hilton Grand Vacations (HGV.N) said on Monday it would buy peer Bluegreen Vacations (BVH.N) in a $1.5 billion deal including debt, to get more customers for its timeshares and expand its offerings. Under the deal terms, shareholders of Bluegreen Vacations will get $75 in cash for each share held, more than double the stock's closing price on Friday, valuing the company at $1.28 billion. Both Hilton Grand and Bluegreen Vacations market and sell timeshares, or vacation ownership interests - a model where multiple owners have exclusive use of a property for a period of time. Shares of Bluegreen Vacations more than doubled to $73.1 in morning trade, while shares of Hilton Grand were down 8.7%. Credit Suisse Securities and Wells Fargo are acting as financial advisors to Bluegreen Vacations, and BofA Securities is acting as the exclusive financial advisor for Hilton Grand Vacations.
Persons: Hilton, Aatreyee Dasgupta, Kannaki, Abhinav Parmar, Shailesh Kuber Organizations: Hilton, Truist Securities, Hilton Grand, U.S ., Bass Pro, Credit Suisse Securities, BofA Securities, Thomson Locations: United States, U.S, U.S . East Coast, Wells, Bengaluru
Burton heard stories of Reeves when he would visit relatives in Oklahoma, and he became determined to learn more. Reeves wasn’t the first or only Black marshal of the period, but he became the most famous. Sidney Thompson caught the Reeves bug when he saw Morgan Freeman describing Reeves as his dream role in a TV interview. (It was widely reported last year that Freeman was developing his own Bass Reeves series, “Twin Territories,” for Amazon.) Burton’s book is deeply researched, yet its most memorable lines ring like tall tales passed down through generations.
Persons: Burton, Reeves, Reeves wasn’t, Sidney Thompson, Morgan Freeman, Freeman, Bass Reeves, , Thompson, Thompson —, Freeman —, Jewel Coronel, Coronel, Taylor Sheridan, Delroy Lindo, Jamal Akakpo, ” Burton, Organizations: , Amazon, Texas Christian University, Netflix, Coronel Locations: Oklahoma, Twin Territories, Virginia, Muskogee, Okla
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