FROM Bruce Baltin
Are Hotels in Downtown LA Getting Taxpayer Money for Free? The LA Times reports that two building inspectors have been arrested and a federal grand jury has issued subpoenas seeking personnel records of at least 11 current and former employees. David Zahniser co-wrote the story. He also wrote a Times' story about tax breaks for massive hotels in booming downtown Los Angeles. J.W. Marriot, which opened last year, is reportedly doing well enough to produce some much-needed city revenue in a cash-strapped city. But the Anshutz Entertainment Group, AEG, will be able to keep some $270 million in taxes through 2035. Combined with two other such deals, the city could end up giving away $640 million in the next 30 years. The Mayor and City Council approved the subsidies after analysis by PKF Consulting , which calls them "incentives" and says they're common where they will stimulate new business.
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.