"The future of California is tied to the future of the Latino community in California," he tells Los Angeles Magazine. "If we don't make capital available to people with ability...our country is poorer."
Business and economy
News and observations on the economy, business, real estate, aerospace, tech, wealth, poverty and more.
Incorporating LA Biz Observed.
This time I guess it's a bargain: just $23 million, cut $4.5 million since 2013.
The house is mostly gone already. Architect Thom Mayne may be the owner.
Chicago is seeking a partner to turn the corner of 1st and Spring into some sort of big mixed-use project.
Joe Mathews writes that the airline that once made getting around the state so easy is becoming a big disappointment -- and making him rethink Gov. Brown's favorite rail project.
The next time you're stuck in traffic think about this: You're not just part of the problem. You're part of the solution. And not just for LA, but for the world!
A homeless encampment on Saturday on Virgil Avenue, beside the Hollywood Freeway in what the blue signs call Wilshire Center.
A new report concludes that LA "has among the slowest, most expensive internet services in the industrialized world."
One pilot was killed and another injured when Virgin Galactic's SpaceShipTwo crashed in the desert north of the company's base at the Mojave Air and Space Port.
Bloomberg Businessweek examines the latest influx of Chinese capital to transform a corner of the San Gabriel Valley.
Walt Mossberg, the former Wall Street Journal tech columnist now writing for the start-up Re/Code, sort of parodies the hype and sort of joins in outside the Apple store in downtown Palo Alto.
Silicon Valley "is one of the most amazing places on the planet," says Chris O'Brien on his way to three years in France.
There goes the view of the Jesus Saves neon sign and the rooftop panorama from the Ace Hotel.
Homeless' belongings parked in the shade under the freeway on Parthenia Street in North Hills, in the heart of the San Fernando Valley.
Deon Joseph, a senior lead officer in the LAPD's Central Area, has had enough. Skid Row, where he has worked for 16 years, has "once again become an outdoor asylum without walls."
The Hot Property blog is back on the A-list at LA Times.com, with a new hire and a newsroom memo to explain it all.
The buyer is reportedly Anthony Gonzalez of the band M83. No sales price has been reported yet.
The New York Times' Fashion and Style section deems it an actual trend and pegs the coverage to Leo DiCaprio buying the old Dinah Shore estate.
The Cheviot Drive home where Ray Bradbury lived and wrote for 50 years has been listed for sale at $1.495 million. It's open on Sunday.
The U-2 was developed and built at Burbank Airport and played a major role in the Cold War. CIA pilot Francis Gary Powers, shot down over the USSR in 1960 and swapped for a KGB spy, later died flying the KNBC news chopper.
Here's as sure a sign as any about the extent of the California snowfall drought.
The only question is how bad. A Texas newspaper says many of the jobs appear headed to West Plano, outside Dallas.
Russ Mitchell will guide coverage of Silicon Valley and tech companies, and write for the paper's Tech Now blog.
The site at 9900 Wilshire Boulevard, just west of the Beverly Hilton hotel, would come fully approved for construction of a luxury condo project, says the LA Times.
Sometimes, roadside attractions render the journey the destination
Broad tells Los Angeles Magazine the city needs "better political leadership and better citizen and corporate leadership than it’s had." He also confirms he is still trying to buy the LA Times.
"Rewire: Digital Cosmopolitans in the Age of Connection" is in the view of the judges 2013’s most illuminating and compelling nonfiction book about community and human connectedness.
Prime Minister Najib Razak of Malaysa announced Monday that analysis of satellite data confirms that Malaysia Airlines Flight MH370 flew south over the Indian Ocean after changing course and could...
Mark Lacter and LA Biz ObservedMark Lacter created the LA Biz Observed blog in 2006 and posted until his death on Nov. 13, 2013. His 10,000-plus posts are archived here.
New at LA Observed
Shaker spitirualsFrances McDormand sings at Redcat. Iris Schneider
Streetscape | Stan the manIf he does say so himself. Balboa Boulevard, Granada Hills.
Playa VistaThe hangar where Howard Hughes built his Spruce Goose seaplane.
Streetscape | Recession overConstruction cranes, like the one in Little Tokyo, are all across downtown LA these days.
Homicide detective retiresSal LaBarbera might be the LAPD's most prolific tweeter. More
Snowy grapevinesNice photo from Temecula to go with recent cold weather. Inside
Streetscape | Pico-Robertson
Sidewalk art on Pico Boulevard, attributed to street artist Thrashbird.
Hall of JusticeSpiffed up to be occupied again. With palm tree.
Harpsichord havenCurtis Berak's basement in industrial downtown. Karen Wada
Photography mastersAn LA exhibit pairs photographers Bruce Davidson and Paul Caponigro for the first time. Examples and video.
Still life | Nate 'n Al'sThe scene inside Nate 'n Al's in Beverly Hills on a Saturday.
Streetscape | Sunset@AlvaradoPorn must be affected by the print apocalypse too. Earlier spotting
Streetscape | Santa Monica BoulevardBy Santa Monica Swap Meet, they mean East Hollywood.
Arts window | Hollywood costumesThis costume exhibit could be more wearable. Iris Schneider
Millard Sheets muralArtist's work goes from home to the Huntington.
The WarwickCirca 1928 residential building on North Sycamore Avenue.
Day of the Dead
Festivities at Hollywood Forever cemetery. Iris Schneider
Ficus vs sidewalkTree wins on Ben Lomond Place in Los Feliz.
Garden envyVeronique de Turenne has a case. Here in Malibu