FROM Roy Simon
Peter Thiel, Revenge and Litigation Finance Peter Thiel is a man of many interests. He made billions of dollars as a co-founder of PayPal and an early investor in Facebook. Lately he’s been spreading the wealth in interesting ways. Thiel gives fellowships to teenagers who drop out of school to start companies; he co-founded the Seasteading Institute, an organization that wants to create cities at sea, out of the reach of any government; he’s a pledged delegate for Donald Trump. And news surfaced this week that he’s bankrolling a legal campaign to destroy Gawker Media. As it turns out, Thiel secretly funded Hulk Hogan’s invasion-of-privacy lawsuit against Gawker after the site posted a sex tape of Hogan. A jury awarded Hogan $140 million dollars. According to the New York Times, Thiel is also supporting other cases, though he won’t disclose what they are. He’s not the only person to secretly back a lawsuit like this, though. The practice of litigation finance is becoming more common.
Previewing James Comey's blockbuster testimony Former FBI director James Comey testifies Thursday in front of the Senate Intelligence Committee, but his opening statement has been released. In it, he says he felt pressured by Donald Trump to declare loyalty to him and publicly clear him of any wrongdoing in the Russia investigation.
Gov. Jerry Brown: California and China will fight climate change together President Donald Trump reportedly wants the U.S. to withdraw from the Paris Climate Accord, and he’s expected to announce a decision soon. California Governor Jerry Brown heads to China to strengthen climate and clean energy ties.
Farewell LA freeways, Peter Shire is back Angelenos don't want more freeways but we seem not to want mass transit either. Metro has killed the 710 freeway extension, and bus and train ridership is down across the region. What's the future of getting around in LA? And, Peter Shire is having a comeback. What attracts a new generation to his playful ceramics and furniture?