• Are mortgage companies a major economic risk?

    Are mortgage companies a major economic risk?
    Nonbank mortgage companies, which increasingly dominate the sector, pose unique risks and vulnerabilities that can weaken financial stability, according to a new Financial Stability Oversight Council report.
    The FSOC on Friday released its first study of the threats introduced by nonbank mortgage firms, which have escaped the strong regulation reserved for traditional banks despite displacing them in the market. In 2022, nonbanks originated about two-thirds of mortgages and serviced most of them
  • Unfinished schooner landlocked in Trabuco Canyon seeks its next adventurer

    Unfinished schooner landlocked in Trabuco Canyon seeks its next adventurer
    The home-built vessel crafted by a blind man in Garden Grove was to sail from California to the Great Lakes, traveling more than 7,000 miles through open and inland waters.
    Instead, the hull of the schooner named Visions sits landlocked amid a cluster of canyon oak trees, covered in dust, dry leaves and dead branches.
    The original quest began miles from the ocean, as Don Baumea shaped the boat’s keel and watertight bottom by feel in his backyard. When he died, Robert Heerdt — an acco
  • Summer books 2024: It’s summertime and the reading’s easy. Or epic. Choose your own adventure.

    Summer books 2024: It’s summertime and the reading’s easy. Or epic. Choose your own adventure.
    One strategy for summer reading — and yes, there are strategies — is to begin a project.
    Dabble in short punchy books, but devote the season to an epic. You get three months.
    I read “The Lord of the Rings” this way, one installment a summer, for years. Now I’m picking through Robert Caro’s (still unfinished) Lyndon Johnson biography this way. Another strategy: Give yourself a quasi-degree in something very specific. Read the complete short stories of the late
  • Susan Shelley: Pulitzers for the ‘Russiagate’ hoax should be returned

    Susan Shelley: Pulitzers for the ‘Russiagate’ hoax should be returned
    On Oct.14, 2020, just weeks before the presidential election, the New York Post published a blockbuster front-page story headlined, “Smoking-gun email reveals how Hunter Biden introduced Ukrainian businessman to VP dad.”
    The story by Emma-Jo Morris and Gabrielle Fonrouge exposed the lie in then-candidate Joe Biden’s claim that he had “never spoken to my son about his overseas business dealings.” The reporters wrote that the correspondence was contained “in a m
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  • California job openings tumble 42% in 2 years

    California job openings tumble 42% in 2 years
    “Swift swings” takes a quick peek at one economic trend.
    The number: California is suffering from the nation’s second-biggest drop in job openings since the Federal Reserve began hiking interest rates two years ago.
    The source: My trusty spreadsheet looked at job openings for the 50 states and Washington, D.C., for March – the latest available – and compared them with March 2022.
    The why: The Fed began its battle against four-decades-high inflation two years ago in
  • Why this contrarian approach to gardening offers much to consider

    Why this contrarian approach to gardening offers much to consider
    I spoke with Greg Alder on a video call for nearly two hours as he walked through his extraordinary half-acre farm showing me the fruits of his labors. At the close of our conversation, this master gardener summed up his approach to food gardening with a question: “What if I don’t?” We agreed that would make an excellent title for a book expounding on his horticultural philosophy. As a subtitle, I suggested: “The Contrarian Gardening Wisdom of Greg Alder.” To access
  • Safety-net health clinics cut services and staff amid Medicaid ‘unwinding’

    Safety-net health clinics cut services and staff amid Medicaid ‘unwinding’
    Katheryn Houghton | (TNS) KFF Health News
    One of Montana’s largest health clinics that serves people in poverty has cut back services and laid off workers. The retrenchment mirrors similar cuts around the country as safety-net health centers feel the effects of states purging their Medicaid rolls.
    Billings-based RiverStone Health is eliminating 42 jobs this spring, cutting nearly 10% of its workforce. The cuts have shuttered an inpatient hospice facility, will close a center for patients m
  • Wins at the ballot box for abortion rights still mean court battles for access

    Wins at the ballot box for abortion rights still mean court battles for access
    Before Ohio voters amended their constitution last year to protect abortion rights, the state’s attorney general, an anti-abortion Republican, said that doing so would upend at least 10 state laws limiting abortions.
    But those laws remain a hurdle and straightforward access to abortions has yet to resume, said Bethany Lewis, executive director of the Preterm abortion clinic in Cleveland. “Legally, what actually happened in practice was not much,” she said.
    Today, most of those
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  • Larry Wilson: Little wins in the war against despotism

    Larry Wilson: Little wins in the war against despotism
    I was kind of chuffed, in that blows-against-the-empire way, last week to find one of the various strongmen who rule much of the world taken down a peg at the polls.
    As Anjali Mody reported from Chennai, India, “After a decade of increasingly unchecked power, Narendra Modi has been cut down to size.”
    The Hindu nationalist prime minister didn’t lose, exactly. After the votes were counted in the world’s largest democracy he’s still in power, for his third term, one of
  • Claims the California Legislature is transparent are bogus

    Claims the California Legislature is transparent are bogus
    “Transparency in government is paramount,” said Assemblywoman Gail Pellerin, D-Santa Cruz, proving that hypocrisy in government is clearly the rule in California. As chair of the Committee on Elections and Redistricting, Pellerin praised “transparency” as she voted to kill a bill that would have banned non-disclosure agreements (NDAs) from the bill-making process.
    The bill, Assembly Bill 2654, was in response to a report by KCRA’s Ashley Zavala, who broke the news t
  • Edible flowers, flavored salts and canning your own food: Questions and answers

    Edible flowers, flavored salts and canning your own food: Questions and answers
    Q. I would like to grow and use edible flowers. What advice can you give?
    Most edible flowers can be used fresh as a garnish for finger sandwiches, pastries, cakes, or other desserts. Squash flowers, which are edible, can be stuffed with ricotta cheese and fried for a savory treat.
    Some of the most popular edible flowers include sweet violet, lavender, borage, pansy, calendula, rose, hibiscus, feijoa, chamomile, basil, and thyme. For use as a fresh garnish, pick in the morning on the day you are
  • Orange County restaurants shut down by health inspectors (May 30-June 6)

    Orange County restaurants shut down by health inspectors (May 30-June 6)
    Restaurants and other food vendors ordered to close and allowed to reopen by Orange County health inspectors from May 30 to June 6.
    Charlie’s Chili, 102 McFadden Place, Newport BeachClosed: June 5
    Reason: Cockroach infestation
    Reopened: June 6The French Avenue at Irvine Spectrum Center, 668 Spectrum Center Drive, IrvineClosed: June 4
    Reason: Insufficient hot waterAndalusia Kitchen, 111 W. Avenida Palizada, Suite 302, San ClementeClosed: June 4
    Reason: Rodent infestationQuan Bun Ban Mai, 88
  • There are new digital nomads on the block: families

    There are new digital nomads on the block: families
    By Sam Kemmis | NerdWallet
    For some, “digital nomad” evokes the image of a young, unencumbered tech worker sending emails from the beach. Indeed, three-quarters of digital nomads are under age 40, according to a 2023 survey of over 1,200 digital nomads by Flatio, an online accommodation platform.
    Yet some families have joined the digital nomad lifestyle, leaving their belongings — and the idea of a “home” — behind as they travel the globe. The lifestyle may no
  • Price reductions for logistics buildings might hint at further softening

    Price reductions for logistics buildings might hint at further softening
    Our industrial market in Southern California is rapidly morphing into a buyer’s/tenant’s market. By that I mean, a supply of available buildings which exceeds demand and a softening of prices.
    This is happening in the large logistics spaces constructed in the last building craze. At their peak, rents topped $2.10 per square foot (triple net) for these concrete caverns. On a 100,000-square-foot building, that’s $210,000 per month plus an additional $40,000 for operating expenses
  • Dearica Hamby, Cameron Brink help Sparks rally past Wings

    Dearica Hamby, Cameron Brink help Sparks rally past Wings
    LOS ANGELES — Sparks forwards Dearica Hamby and Cameron Brink each recorded double-doubles to help the team end its three-game losing streak.
    Hamby had 16 of her game-high 22 points in the second half and grabbed 12 rebounds for her eighth double-double in 10 games. Brink, a rookie, had her first career double-double with 10 points and 10 rebounds as the Sparks outscored the Dallas Wings 20-9 in the fourth quarter to rally for an 81-72 comeback win on Friday night at Crypto.com Arena.
    Guar
  • Santa Anita horse racing consensus picks for Saturday, June 8, 2024

    Santa Anita horse racing consensus picks for Saturday, June 8, 2024
    The consensus box of Santa Anita horse racing picks comes from handicappers Bob Mieszerski, Terry Turrell, Eddie Wilson and Kevin Modesti. Here are the picks for thoroughbred races on Saturday, June 8, 2024.
    Trouble viewing on mobile device? See consensus picks
    Enjoy the consensus horse racing picks online? Subscribe
    Sign up for Ponies Express newsletter and get the latest news and tips on wagers for weekend Horse Racing at Santa Anita and other Southern California tracks in your inbox. Subscrib
  • Framber Valdez, Astros deny Angels’ bid for 4th straight win

    Framber Valdez, Astros deny Angels’ bid for 4th straight win
    ANAHEIM — The Angels couldn’t solve Houston Astros left-hander Framber Valdez this time around.
    Valdez notched his seventh complete game in the past four seasons, holding the Angels to one run and four hits in the Astros’ 7-1 victory in the opener of the three-game series on Friday night at Angel Stadium.
    Valdez (5-3) struck out eight and walked one on 106 pitches.
    The Angels lit up Valdez for eight runs in a 9-7 win in Houston on May 20, tying a career worst for the left-hande
  • Former San Marino estate of CIA chief John McCone sets sales record at $30M

    Former San Marino estate of CIA chief John McCone sets sales record at $30M
    A gated, 5.5-acre compound once owned by John McCone, the CIA director during the Cuban missile crisis, has sold for $30 million.
    That makes it the most expensive home ever sold in San Marino.
    Located in the upscale Lacy Estates neighborhood, this 13,706-square-foot residence boasts nine bedrooms and 15 bathrooms across three structures, all connected by formal gardens. The June 5 deal, which closed at 33% over the $22.5 million asking price a month after officially listing, broke the previous r
  • Scoreless duel goes to 11 before Dodgers beat Yankees

    Scoreless duel goes to 11 before Dodgers beat Yankees
    NEW YORK — It was a parade of stars at the plate worthy of October – and a parade of zeroes on the scoreboard, also postseason-worthy.
    The Dodgers and New York Yankees stuffed their lineups with five former MVPs on Friday night in the opener of a three-game series billed as a potential World Series preview. But Dodgers starter Yoshinobu Yamamoto and a collective of six Yankees pitchers engaged in a scoreless duel for 10 innings before Teoscar Hernandez came through with a two-run dou
  • Dodgers-Yankees matchup a preview of things to come in October?

    Dodgers-Yankees matchup a preview of things to come in October?
    NEW YORK — Dodgers manager Dave Roberts strode into the visitor’s dugout at Yankee Stadium on Friday afternoon and noticed a difference immediately.
    “Feels like the postseason,” he said, looking at the media crowding around for his pre-game press availability.
    “Is this October or what?”
    It is not October yet but the matchup between the Dodgers and New York Yankees drew a postseason-sized media gathering and is being billed as a potential World Series preview &
  • Orange County judge halts strike at UC campuses

    Orange County judge halts strike at UC campuses
    An Orange County Superior Court judge granted a temporary restraining order Friday afternoon, ordering a halt to a strike by thousands of graduate student teachers and research assistants at University of California campuses.
    Judge Randall J. Sherman said the rolling strike authorized last month by 48,000 graduate students across the UC system represented by United Autoworkers Local 4811 must temporarily stop. Union members have gone on strike at six campuses in the UC system since mid-May, with
  • Dodgers’ Kiké Hernández makes error during in-game interview

    Dodgers’ Kiké Hernández makes error during in-game interview
    By RONALD BLUM AP Baseball Writer
    NEW YORK — Dodgers third baseman Kiké Hernández made an error while in the midst of a live television interview Friday night during their game against the New York Yankees.
    Hernández had a microphone and earpiece in his left ear as he spoke with Wayne Randazzo and former pitcher Dontrelle Willis on the Apple TV telecast in the second inning. After talking about Hernández’s decision to wear colorful cleats and the atmospher
  • Wrong-way DUI driver who killed woman in Tustin sentenced to 5 years, 8 months

    Wrong-way DUI driver who killed woman in Tustin sentenced to 5 years, 8 months
    A 23-year-old man pleaded guilty and was immediately sentenced to more than five years in prison Friday, June 7 for a drunken driving wrong-way crash that killed a 22-year-old woman on the 5 Freeway in Tustin.
    Dylan Erric James Robinson of Altadena pleaded guilty to gross vehicular manslaughter while intoxicated, driving under the influence of alcohol causing injury, driving under the influence with a blood-alcohol content above the legal limit of .08%, and driving under the influence of alcohol
  • Angels reliever Ben Joyce impressed his manager with 2024 debut

    Angels reliever Ben Joyce impressed his manager with 2024 debut
    ANAHEIM — Angels right-hander Ben Joyce still brings a 100 mph fastball out of the bullpen, but he’s looking more like a pitcher in his second stint with the major league club.
    Mainly, he’s learned the importance of mental preparedness and consistency.
    “Just, everyday, showing up and just putting your best stuff out there everyday, no matter how your body feels,” Joyce said before the opener of a three-game series against the visiting Houston Astros on Friday night.
  • 6 street vendor advocates plead guilty to assault charges

    6 street vendor advocates plead guilty to assault charges
    Now it’s the “Justice 2.”
    Six of the eight defendants accused of various crimes related to their aggressive tactics in defending street vendors and confronting others pleaded guilty to single felony counts on Friday, June 7, in Superior Court in Victorville.
    The other two members of the so-called Justice 8 — their leader, Edin Alex Enamorado of Upland and the only one of the group not being held on bail, Gullit Eder Acevedo of San Bernardino — were not part of the p
  • City of Anaheim to pay $5.8 million in lawsuit over death of Brandon Lopez

    City of Anaheim to pay $5.8 million in lawsuit over death of Brandon Lopez
    Anaheim city officials have agreed to pay nearly $6 million in a settlement with the family of Brandon Lopez, a Santa Ana resident who was shot and killed by Anaheim police officers in 2021.
    The settlement comes three years after the fatal shooting that followed a high-speed chase that ended in a four-hour standoff in the city of Santa Ana. Lopez was pronounced dead at the scene.
    Anaheim police officials said the officers thought what turned out to be a water bottle in a black bag he was holding
  • You might be surprised at how many more avocados Americans are eating

    You might be surprised at how many more avocados Americans are eating
    June is California Avocado Month and Americans are eating more of them than ever, especially the Hass variety, which was created in California.
    California’s own
    More than 1,000 varieties of avocados are listed in the University of California Agriculture and Natural Resources database. You may see avocados in stores year-round, but it’s important to know that California avocados are not available all year. They are in season from spring through summer and early fall, with the bulk of
  • All-Orange County girls track and field: Newport Harbor’s Keaton Robar is the athlete of the year

    All-Orange County girls track and field: Newport Harbor’s Keaton Robar is the athlete of the year
    ALL-COUNTY GIRLS TRACK AND FIELD 2024
    ATHLETE OF THE YEAR 
    Keaton Robar, Newport Harbor, Junior
    Newport Harbor junior Keaton Robar finished third in the 800 meters at the CIF State Track and Field Championships.
    No Orange County girl finished higher in any event at this year’s state meet.
    But wait, there was more from her during the high school track and field season.
    She was the CIF Southern Section Division 2 champion in the 800. The following week, at the CIF-SS Masters Meet, Robar
  • NBA Finals: Celtics’ Kristaps Porzingis hurts Mavericks in several ways

    NBA Finals: Celtics’ Kristaps Porzingis hurts Mavericks in several ways
    By KYLE HIGHTOWER AP Sports Writer
    BOSTON — The Mavericks couldn’t figure out how best to utilize big man Kristaps Porzingis during his three seasons in Dallas.
    Three years later, the Mavericks now have a big Porzingis problem in the NBA Finals.
    Dallas coach Jason Kidd said before the start of the series that he didn’t think Porzingis received nearly enough praise for his ability as a shot blocker and someone who can alter opponents’ shots.
    The 7-footer did both in his ro
  • NBA Finals: Boston’s Kristaps Porzingis hurts Dallas in several ways

    NBA Finals: Boston’s Kristaps Porzingis hurts Dallas in several ways
    BOSTON — The Mavericks couldn’t figure out how best to utilize big man Kristaps Porzingis during his three seasons in Dallas.
    Three years later, the Mavericks now have a big Porzingis problem in the NBA Finals.
    Dallas coach Jason Kidd said before the start of the series that he didn’t think Porzingis received nearly enough praise for his ability as a shot blocker and someone who can alter opponents’ shots.
    The 7-footer did both in his rousing return to the court in Boston

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