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Los Angeles Health Commission president criticizes mayor for $1-billion budget shortfall

Los Angeles Health Commission president criticizes mayor for $1-billion budget shortfall

To the editor: In the film version of 'All the President's Men,' the 'Deep Throat' character advises investigative journalist Robert Woodward to 'Follow the Money,' and so should Times reporter David Zahniser ('L.A. city budget shortfall grows to nearly $1 billion, with layoffs 'nearly inevitable',' March 19). Just four years ago, as part of the American Rescue Plan, the city of Los Angeles received $1.35 billion. Where did it all go? Obviously not to healthcare. Our Health Commission has never been funded one penny in its 10-year existence.
We didn't have enough firetrucks operational to handle our needs in January and we don't have a full-time physician in charge of our paramedics. Our city's budget was sound until the current administration; why do budget crises always seem to follow Mayor Karen Bass? During her tenure as Assembly speaker, our state had a budget impasse and drowned in red ink. In June 2009, California's credit rating was lowered and even President Obama wouldn't bail us out.
With 80% of the city's expenses labor-related, her agreement less than one year ago to one of the largest general salary increases in the Coalition of L.A. City Unions' history — a 22% increase over a five-year span, including a 6% raise in the first year — obviously was imprudent.
In more than two decades of governmental leadership, it appears that our mayor hasn't learned the basics of business math. If you spend more money than you have, you go bankrupt.
Dr. Howard C. Mandel, Los AngelesThe writer is president of the Los Angeles City Health Commission
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To the editor: Oh, please! Ever since the COVID epidemic 'vanished,' parking enforcement has not done its job by ticketing people whose parking meters expired or when cars are parked on street-cleaning days, etc. And police officers have not been ticketing enough people for moving violations. If people would do the jobs they were hired to do, Los Angeles wouldn't be in the mess it's in. While I'm not saying the budget would be fixed, at least money would be coming in from people who break the law.
Liz Brown, West Hills
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Will feds weigh in on religious vax carveouts?
Will feds weigh in on religious vax carveouts?

Politico

time9 minutes ago

  • Politico

Will feds weigh in on religious vax carveouts?

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Map Shows US Cities With Biggest House Price Declines Last Month
Map Shows US Cities With Biggest House Price Declines Last Month

Newsweek

time2 hours ago

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Map Shows US Cities With Biggest House Price Declines Last Month

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A number of major metro areas saw dramatic list price declines in home prices last month as the U.S. housing market continues to deal with a cooling-off period after overheating that took place during a COVID-19 pandemic homebuying frenzy. The former pandemic boomtown of Austin, Texas, reported the biggest annual list price decline in the country last month and one of the highest shares of home listings with price cuts, according to data from Other top markets followed suit in annual declines as markets have become more balanced as inventory grows. Why It Matters Price corrections occur due to a number of factors, including fewer people relocating to areas. Home prices can be influenced by a variety of factors and can have a significant impact on the larger economy as they can affect consumer spending habits and be an indicator of economic growth. Where Prices Are Falling While home prices are still rising at the national level, the pace of this growth has slowed down significantly in recent months as sales have fallen and unsold homes have piled up in the market. In some parts of the country, the slowdown has been more significant. Recent data shows that the South and the West are shifting "decisively" in favor of buyers, writes, as the supply of for-sale homes in these regions increases and these properties spend more time on the market before going under contract—often with significant price cuts. By comparison, regions where the supply shortage is still acute—like the Northeast and the Midwest—are seeing less significant price changes. The metropolitan areas with the biggest year-over-year price decline in July were Austin (-4.9 percent), Miami (-4.7 percent), Chicago (-4.4 percent), Los Angeles (-4.2 percent), and Denver (-4 percent). In all of these cities with the exception of Chicago, the median list price was still above the national average of $439,450 last month. A typical home in Austin was listed for $510,950 in July. In Miami, $509,950. In Los Angeles, $1,148,483. And in Denver, $600,000. In Chicago, home costs are below the U.S. median list price, at an estimated $377,000. These cities also had some of the highest shares of listings with price cuts in the country. In Austin, 31.2 percent of listings had price reductions, and in Denver, 32.9 percent. Nationally, 20.6 percent of listings had price cuts. That means that the share of price cuts in Miami (17.7 percent), Chicago (15.4 percent), and Los Angeles (17.6 percent) was actually below the nationwide average. A map showing the top 10 U.S. metros with the biggest annual price declines in the country in July 2025 and the highest shares of price cuts. A map showing the top 10 U.S. metros with the biggest annual price declines in the country in July 2025 and the highest shares of price cuts. Behind These Numbers Austin saw an explosion in demand during the pandemic, when the rise of remote work allowed many out-of-state movers to relocate to the city. The Texas capital hardly had enough homes for everyone wishing to buy them then, and prices skyrocketed. At the same time, developers launched a construction boom that has since added many new homes to the city's supply. But demand has significantly diminished since the height of the pandemic, partially because of return-to-office orders and partially because of rising housing costs and historically elevated mortgage rates discouraging buyers. Austin found itself with a lot more new homes at a time when fewer people appeared ready to buy them. As a result, the city's housing market has been cooling down dramatically. The same is happening in Denver, another pandemic boomtown which is now seeing inventory piling up in its market. In these two cities, the median list price of a home in July was significantly lower than three years before, when higher mortgage rates put a halt to the pandemic homebuying frenzy. Home prices were 14.8 percent lower last month than in July 2022 in Austin, and 7.7 percent in Denver. The Miami housing market, though resilient, is also experiencing a correction after a period of rapid growth appreciation and tighter inventory. The median sale price of a home was a staggering 17.8 percent lower than three years earlier. But the other two cities in the top five lists of those experiencing the biggest annual price declines last month tell a different story. In Chicago, the median list price of a home was 7.7 percent higher than in July 2022; in Los Angeles, it was 18.4 percent higher.

Congress Passes Small Spending Cut, Republic Survives
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Wall Street Journal

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Congress Passes Small Spending Cut, Republic Survives

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