From our Washington bureau

This might as well be an L.A. government holiday because many of the higher-ups were on Capitol Hill today lobbying for more of a balance between taxes going to Washington and federal funding coming to Socal. Right now, we give out way more than we take in. Along with the government honchos - Mayor Villaraigosa, School Superintendent David Brewer, Police Chief William Bratton, Councilwoman Janice Hahn and lots of others - was a bidness contingent led by LA Chamber President David Fleming. "We are the ATM for the United States and we're coming here to get refilled," Fleming told the gathering at a breakfast meeting with Sen. Dianne Feinstein. "It's time we put a few bucks back in." LAT

Valenti suffers stroke: The former president of the Motion Picture Association of America is at Johns Hopkins University Medical Center in Baltimore. No details were provided, other than it happened last week. Valenti is 85. AP


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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