money

Sep 14 2012

One suspect still at large

SAN FERNANDO, Calif.—Prosecutors were preparing charges today against three men accused of robbing a Bank of America branch in Canyon Country and leading sheriff’s deputies on a wild chase in which stolen money was tossed from the windows of an SUV in South Los Angeles.

Phillip Nathaniel Ely, 29; Lavelle Lee Mosley, 22; and Terion Lamarr Collins, 25, were expected to be arraigned this afternoon in San Fernando Superior Court, according to the District Attorney’s Office.

A fourth man was still being sought.

Cynthia E. Griffin-  |   OW Managing Editor
Dec 29 2011

Stores to fund nonprofits

The Los Angeles Urban League and the Harlem-based Abyssinian Development Corp. announced this year that for a three-year period, Starbucks will donate a minimum of $100,000 out of the profits from two of its stores to each of the nonprofit groups for use to help bolster programs in the communities the organizations serve.

In Los Angeles, the bustling Starbucks at Crenshaw Boulevard and Coliseum Street will serve as the focal point, and a location at 125th Street and Lenox Avenue in New York will support Abyssinian.

Aug 10 2011

Spent money outside voter-approved guidelines

LOS ANGELES, Calif.—The Los Angeles Community College District mismanaged more than $140 million in bond funds by failing to keep proper records, spending money outside voter-approved guidelines and ignoring its own procurement rules, according to a state audit released today.

Aug 9 2011

Lowell Milken Institute for Business Law and Policy

LOS ANGELES, Calif.—Lowell Milken gave UCLA’s law school $10 million, putting it ahead of schedule in raising $100 million over five years, it was announced today.

The fundraising drive was started in 2008 to benefit student scholarships, attract and retain faculty and to support centers and institutes that inform law and public policy. The gift from Milken, the biggest in the law school’s history, will be used to start the Lowell Milken Institute for Business Law and Policy.

Terri Schichenmeyer  |   OW Contributor
Aug 4 2011

Author: Ryan C. Mack

You’ve learned your lesson.

In the past four years, you’ve learned that you can’t spend frivolously. You can’t use credit unwisely, there’s no “wiggle room” on bill-paying, and the only way to face your future is to put money back into your own pocket with savings and investments.

Across Black America

Here’s a look at African American people and issues making headlines throughout the country.
 

Alabama
Freeman A. Hrabowski, president of the University of Maryland, Baltimore County, will address the annual African American Business Council luncheon on June 28. Hrabowski, who is chairman of President Barack Obama’s Advisory Commission on Education Excellence for African Americans, has a national reputation for his work studying the performance of minority students in math and science. Hrabowski, named one of the 10 best college presidents in the country by Time magazine, was a child leader in the Civil Rights Movement in Birmingham in the 1960s.
 

Arkansas
The Liberty Counsel filed a motion and a brief in United States District Court for the Eastern District of Arkansas seeking to intervene on behalf of a Concepts of Life crisis pregnancy center to defend against a suit filed by the American Civil Liberties Union and the Center for Reproductive Rights. The groups seek to impose a permanent injunction before the Human Heartbeat Protection Act goes into effect July 18. Liberty Counsel also filed a brief opposing the ACLU’s request for an injunction. The “Heartbeat” bill states that when a woman seeks an abortion at or after the 12th week, doctors must test for a fetal heartbeat before an abortion is performed and inform the pregnant mother that the child in her womb has a heartbeat. If a heartbeat is detected, a woman cannot have an abortion, except in cases of rape, incest, and if a mother’s life is in danger. “As we promised when the legislation was introduced, Liberty Counsel will defend this law without reservation for the people of Arkansas, born and pre-born,” said Matt Staver, founder and chairman of Liberty Counsel. “No right is more foundational than the right to life. Without life, all other rights are irrelevant,” concluded Staver.