• Phil Anschutz is said to be close to a deal with News Corp. to buy the conservative Weekly Standard. LAT
  • Numero Uno grocery magnate George Torres was released from federal custody after a judge threw out two racketeering convictions, based on new evidence from prosecutors of exculpatory statements by an informant. LAT, LA Daily, Star-News
  • Leonis Malburg, the embattled grandson of Vernon’s founder, resigned from the city council Monday after 53 years as a public official. Eastern Group

More after the jump. Also: LA Biz Observed headlines

  • Senate Democrats want to avert the deepest cuts proposed in Sacramento by raiding the state's emergency fund. Rough & Tumble roundup
  • The City Council voted to toughen its requirement that community groups cover the cost of staging street festivals and other events, with a final vote expected next week. DN
    Also: Closes loophole on pot clinics LAT, DN
  • Pedicabs could be coming to Downtown streets, but only if onerous rules are rethought. Blogdowntown
  • The L.A. cultural heritage commission is seeking authority to prevent demolition of designated landmarks, but it's far from a sure thing. LAT
  • The mayor, former mayor and a former council candidate in Temple City are expected to be indicted today on charges of bribery solicitation and failing to report campaign contributions. Star-News
  • Tim Rutten calls freeway congestion pricing a slippery slope to toll roads that hurt the working poor. LAT Op-Ed
  • Jim Rainey rounds up some of almost unbelievable backlash against support for Laura Ling and Euna Lee, the Los Angeles reporters held in North Korea. LAT
  • The western region of the Society for Professional Journalists is accepting applications for the post of regional director. SPJ
  • New website for the Southern California jazz community, from Jim Fowler and Bill Bergren: City of the Angels Music.
  • The Lakers lost game three of the NBA finals in Orlando, 108-104.
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LA Biz Observed
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.
Native Intelligence
Jenny Price | Advice for Greenies in a Complicated World
TJ Sullivan | Steve Jones, the self-proclaimed Sire of Wilshire (a nod to the physical address of his former home at Indie 103.1 FM), is back on the air!
Erika Schickel | She gaped at me like I was living history -- Miss Jane Pittman come to put her withered lips to the "Young Only" fountain straw of ageism.
Bill Boyarsky
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.
Jenny Burman
Thinking more about buying less.
Here in Malibu
This drains to the ocean.
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