L.A. City News Update for Monday, October 11, 2010 – Sally Choi (L.A. Pension Manager) QUITS LACERS, Just As Massive Work To Be Done (NOT A GOOD SIGN SINCE SALLY IS "TOPS") Probably Too Much Integrity AND Unions Better Get Ready to GIVE BACK, OR ELSE!!!
Main story being covered by L.A. City News is the “conflict of interest” (legalese for “corruption”) at L.A. Housing Dept over Rent Escrow and Outreach Contractors hired by the City of Los Angeles. Council addressed the issue during the July 21, 2010 council meeting (Item 37) and was followed up by Zuma Dogg on Friday (October 8, 2010) based on a memo provided by L.A. Housing Dept personnel. See this blog for streaming audio, video & blog posts that will explain in detail and better inform you to the matter.
Here is the rest of L.A. City News, Politics & Commentary for Monday, October 11, 2010. Most notable: The great Sally Choi, manager of LACERS (L.A. employee pension fund) is quitting on short notice after a wave of demands were called for on the announcement that one-third of all city dollars are headed to pay for pensions of retired workers. Leaving the city with only two-thirds to operate, when they are already having trouble doing that.
Choi’s resignation is not a good sign, cause Sally is amazing, and if she is “walkin'” — that means there must be a cog in the system…UNLESS, SALLY WAS THE COG that wouldn’t go along with the shady pension machine. Secondly, for Monday: Is market research showing the general public is fed up with unions who refuse to make pension concessions with EXISTING EMPLOYEES? L.A. Mayor Villaraiogsa has announced plans to throw a pension reform measure on the next ballot — allowing all the common folk in L.A. to CUT AWAY AT THE UNION PENSIONS, MUCH MORE SEVERELY THAN WHAT THEY COULD HAVE PUT BACK IN THE COOKIE JAR, AS A “THROW ‘EM A BONE’ CONCESSION. Doubt they’ll budge. However, one way or the other…IT’S GETTIN’ CUT!
L.A. CITY NEWS
LA City News
RT@villaraigosa: CicLAvia was a big success. Hope it helps shift LA away from a car culture to a brighter, more sustainable future. (LMFAO!) 11 minutes ago
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WHEN U LISTEN to council meeting on Housing Dept conflicts and Housing Staffer boasts of new changes, admittance problem has been occurring. 59 minutes ago