Anthony Pesce, next year's editor in chief of the student newspaper at UCLA, and photo editor/columnist Dharmishta Rood won a Knight News Challenge award to "create online publishing software geared to mobile editing." Other winners announced in Las Vegas include Tim Berners-Lee, who essentially invented the world wide web. What is it, you ask? ""The 2008 Knight News Challenge is year two of a contest awarding as much as $5 million for innovative ideas using digital experiments to transform community news."

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8:44 AM Sat | Bev Hills billionaire Ron Burkle has $56 million in loans against his two houses. The McCourts have borrowed $28 million on their properties.
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As newspapers and television pull back from investigative reporting, foundations and other organizations are beginning to fill the void. One of the most interesting is Accountable California, a project of Local 721 of the Service Employees International Union.
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Here in Malibu
This drains to the ocean.
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