How California’s Fiscal Woes Began: A Crisis 30 Years in the Making

Image by Getty Images via Daylife

California Governor Arnold Schwarzenegger addresses a joint session of the legislature discussing the state's budget crisis and the necessary steps that must be taken to solve it. Peter Grigsby / Reuters

By Kevin O’Leary / Los Angeles Wednesday, Jul. 01, 2009

With California a day away from issuing IOUs instead of paying its bills, Gov. Schwarzenegger and the legislature remain at odds over how to close a now $26.3 billion deficit. Schwarzenegger on Thursday ordered a third unpaid furlough day for 235,000 state employees. With its $1.7 trillion economy sputtering and 11.5% unemployment surging, California’s difficulty in balancing its budget could affect the national recovery.

But the Golden State’s budget problems are hardly new. The seeds of them were planted more than 30 years ago.

Read More

Related articles by Zemanta

• Schwarzenegger on the Budget Deficit: We’ve Got Two Weeks or Else… (laist.com)
• Arnold Schwarzenegger declares fiscal emergency in California (telegraph.co.uk)
• As Deficit Grows, Calif. Prepares to Issue IOUs (abcnews.go.com)
• States Set to Ring in Independence Day Sans Budget (abcnews.go.com)
• California: Arnold Schwarzenegger declares ‘fiscal emergency’ (telegraph.co.uk)

‘Gossip Girl’ producer Levy buys in Hollywood Hills area – Los Angeles Times

“Gossip Girl” executive producer Bob Levy has purchased a Hollywood Hills-area home for $1,005,000.

There are two bedrooms and 2 1/2 bathrooms in about 1,620 square feet. The listing described the house as a “modern reinterpretation” of the 1965 design by L.A.-based architect Chet Callahan. Sliding glass doors off the living, kitchen and dining areas open to terrace views of Hollywood, downtown L.A. and the Griffith Observatory.

The two-story house previously sold for $759,000 in 2004.

Levy was the vice president of prime-time series at NBC before joining Alloy Entertainment in 2001, where he is an executive producer of all of the firm’s television projects, including “Gossip Girl” (2007-present), “The Vampire Diaries” (2009) and “Samurai Girl” (2008).

The listing agent was Crystal Heatherly of Deasy/Penner&Partners, Beverly Hills. Konstantine Valissarakos of Sotheby’s International Realty, Los Feliz, represented the buyer.

‘Gossip Girl’ producer Levy buys in Hollywood Hills area – Los Angeles Times

Related articles by Zemanta

• Blade Runner movie house goes on sale (telegraph.co.uk)
• A Hike, a Potluck? A Griffith Park Night with Tom LaBonge (laist.com)

The Patio Del Moro – For Lease in West Hollywood’s North Harper Avenue Historic District #realestate

Open Houses set for Sundays & Tuesdays

On-Line Rental Application
Click above to submit a Rental Application On Line.
Application Fee Payment Center
Click above to pay your Application Fee.
WE COSIGN
Click above if you need a Cosigner for an apartment or Rental home.

• Patio Del Moro: (1 of 2 avail. apts.) The Charlie Chaplin Apartment at 8235 Fountain Avenue:

MLS#: 09-375805

With its unique layout which includes multiple entrances and exits this unit would serve Chaplin’s needs to visit his then mistress Paulette Goddard who occupied the adjoining also two story apartments. This completely restored and fully furnished apartment boasts not only three bedrooms but a private patio with tile enhanced fountain, a living room, and fire place with plaster relief reaching to the vaulted ceilings with hand painted beams. The secondary bedroom has a Moroccan arched veranda overlooking the living room and rear patio below with daybed. The two secondary rooms have cedar closets with storage, while the master bedroom is fitted with a full walk in closet. Above the bathroom is the attic / loft with a picture window facing out on to the Hollywood Hills. No expense has been spared to make this unit charming, comfortable, private, and cozy all with silently running hidden and seamless modern amenities (remote control Mitsubishi Mr. Slims). The moment you walk in, you never want to leave. Images of Charlie’s

8235 Fountain AvenueWest Hollywood, CA Apartment $4,450/month 8235 Fountain Avenue Bedrooms 3 Bathrooms 1.0 Sq Footage 1,200 Parking 2 dedicated Pets Inquire Deposit $8,900 view detailed listing

• Patio Del Moro: (2 of 2 avail. apts.) The Paulette Goddard Apartment at 8237 Fountain Avenue:

MLS#: 09-375827

Paulette Goddard’s apartment adjoins lover Chaplin’s & is restored unfurnished with a private fountain in its courtyard, overseen by second story bedrooms. Dining room boasts a period dinette with four upholstered chairs. Picnic table under grapevines. Storage. Salon with gas fireplace. Hardwood floors & carpets throughout. Moroccan arched portals & ornamentation abound. Stairs. Juliet Balcony overlooks salon and one bedroom. Other bedroom has french door-ed balcony with Cherub sconces. Western light. Nothing spared to be comfy, cozy with silent hidden modern amenities (remote control Mitsubishi Mr. Slims). 30’s Moorish elegance. Images of Paulette’s.

8237 Fountain Avenue West Hollywood, CA Apartment $4,450/month 8237 Fountain Avenue Bedrooms 2 Bathrooms 1.5 Sq Footage 1,200 Parking 2 dedicated Pets Inquire Deposit $8,900 view detailed listing

We also have PDM listed with these Online Search Engines:

The History of Patio Del Moro

The historic Patio Del Moro (PDM) has two units vacant for your exploration: 8235 and 8237 Fountain Avenue. PDM is featured in numerous books like: Courtyard Housing in Los Angeles by Stefanos Polyzoides, Roger Sherwood, James Tice, & Julius Shulman, Red Tile Style by Arrol Gellner & Douglas Keister, Courtyards: Intimate Outdoor Spaces by Douglas Keister, Los Angeles: An Architectural Guide by Robert Winter & David Gebhard, Los Angeles Attractions by Borislav Stanic, Moth and Flame: A Benjamin Justice Novel (Benjamin Justice Novels) by John Morgan Wilson, Insight City Guide Los Angeles (Insight Guides) by Brian Bell, The Architecture of Entertainment: LA in the Twenties by Robert Winter & Alex Vertikoff and is of course listed in the National Register of Historic Places listings in Los Angeles County, California. One couldn’t be better placed, nor in better company than amongst its playful fountains, sunlight catching banana leaves, topiaries, mosaics, finishes, wrought iron railings, statues, benches, tiled steps leading to balconies, all in the shade of a minaret capped tower.

One of the best ways to show your support of the work of preservationists in the North Harper Historic District is to become a fan. And of course an even better way is to show your patronage by becoming a good tenant of buildings like PDM.

Announcing Visionary Realty News: The Blog, #realestate

Visionary Realty News is now a real-time blog – not just a sometimes newsletter! AND IS MORE ROBUST THAN EVER!

Read up on current events in real estate, the U.S. market trends affecting it, and enjoying your property.

Interested in contributing to the blog? Then please
contact us.

Attention Los Angeles Locals… #photography

Ed’s Coffee Shop hosts and www.VisionaryAgents.com sponsors the debut of a local photo exhibit of warm and captivating images of Oriental keepsakes and old world goodies by its own Carlo Capomazza.

Now through May 1st. Don’t miss it! 

 

Ed’s is located at 460 N. Robertson Blvd in West Hollywood, CA.  Read reviews of Ed’s on Citysearch.

Entertainment Realtor – bridging two worlds in one place

Image via Wikipedia

In the Entertainment Capital of the World – its smart to have a Realtor® who understands the realities of what stresses the ‘Biz’ puts on a client’s Hollywood timing in the Greater Los Angeles Real Estate Market. This experience is unique.

Relocating to L.A.? Start transitioning Platinum Style ( #relocation #relocating )

Stay Starwood Style while we scout listings for your big move out to the West Coast.

If you find yourself staying at any of these hotels: WESTIN, W HOTELS, SHERATON, FOUR POINTS, THE LUXURY COLLECTION, SLS, ST REGIS, LE MERIDIEN, ELEMENTS, & ALOFT. Then let me know. I have a bit of a quid pro quo for those who are into the Platinum Treatment. Inquire here.

Related articles by Zemanta

• Starwood sues Hilton for corporate espionage (comsecllc.blogspot.com)
• Itineraries: New Hotels’ Big Expansion Plans Get Squeezed (nytimes.com)
• Starwood sues Hilton in battle of ‘lifestyle hotels’ (dailyfinance.com)
• Hilton subpoenaed over Starwood spying claims (money.cnn.com)
• What Travelers Should Know (travel.nytimes.com)