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LA Watchdog

Myths About LA’s Public Banks

LA WATCHDOG--A public bank is a vehicle for politicians to divert legislatively designated funds into a blind pool to fund noneconomic pet projects and loans to politically connected, uncreditworthy borrowers.  This will result in losses that will have an adverse impact on the bank’s ability to continue as a going concern and on the government’s credit rating.  

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What’s Next for DWP?

LA WATCHDOG--Our Department of Water and Power has been front and center ever since the FBI raided its offices and those of City Attorney Mike Feuer looking for evidence of “bribery, kickbacks, extortion, mail fraud, and money laundering” in connection with the fraudulent settlement of the class action lawsuit involving the botched rollout the Department’s customer billing system. 

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Labor Peace at the Port, At Least for Now

LA WATCHDOG--The International Longshore and Warehouse Union (“ILWU”) and the Pacific Maritime Association (“PMA”), an organization that represents the Pacific Coast maritime industry, have entered into an agreement that will allow APM Terminals, a subsidiary of Maersk, the giant Danish shipping company, to proceed with its $1.3 million infrastructure improvement program that will allow APM to operate efficient driverless electric cargo handlers. 

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Politics Making Waves at LA’s Ports: Commission Supports Shipping Company in the Face of Union and Political Opposition

LA WATCHDOG--On Thursday, July 11, the Board of Harbor Commissioners once again voted 3 to 2 to deny the appeal by the International Longshore and Warehouse Union (“ILWU”) of its decision to allow APM Terminals, a subsidiary of the giant Danish shipping company, Maersk, to proceed with an environmentally friendly $1.5 million infrastructure improvement plan to its multibillion operating marine terminal. 

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Underfunded LACERS Paying for President’s Paris Junket

LA WATCHDOG--On July 9, the members of the Board of Administration of the Los Angeles City Employees Retirement Systems (“LACERS”) unanimously approved the expenditure of $7,500 to send Board President Cynthia Ruiz to Paris, France to attend the Principles in Responsible Investment in Person 2019 conference. 

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Battle Underway at the Port of LA: Driverless Cargo Handlers vs. Jobs

LA WATCHDOG--On Friday, June 28, the Los Angeles City Council will consider a motion by Councilman Joe Buscaino to assert jurisdiction over a decision by the Board of Harbor Commissioners to approve a minor construction permit that would allow Maersk, the world’s largest shipper of cargo containers, and its subsidiary, APM Terminals, to install electric charging stations, wi-fi antenna poles, and traffic barriers in its 484 acre facility.   

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CA’s High-Speed Train May Never Leave the Station … Trump Tells Newsom ‘No Más’       

LA WATCHDOG--On May 16, the Federal Rail Administration (“FRA”) terminated its agreement to provide $929 million to the California High-Speed Rail Authority (“CHSRA”) because, among many other failures, the CHSRA has been unable to make reasonable progress in completing the Bullet Train from Union Station in Los Angeles to the Transbay Terminal in San Francisco.

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