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With more limited funding and lower audience turnout, the Los Angeles County Museum of Art has decided to cancel the long-running weekend film program. The museum acknowledges the unfortunate circumstances that led to this decision, but remains committed to film as an art form.
Read more from the LA Times.
From Bloomberg.com by Courtney Schlisserman and Bob Willis
July 27 (Bloomberg) — Purchases of new homes in the U.S. climbed 11 percent in June, the biggest gain in eight years, underscoring evidence that the deepest housing slump since the Great Depression is starting to stabilize.
Sales increased to a 384,000 annual pace, higher than every forecast in a Bloomberg News survey and the most since November, figures from the Commerce Department showed today in Washington. The number of houses on the market dropped to the lowest level in more than a decade.
Deutsche Bank Securities Inc. and Goldman Sachs Group Inc. economists said today’s figures signal an end to the slide in home construction and sales. While that means the drag on economic growth will turn to a stimulus in the second half of the year, property values are likely to continue falling and rising unemployment will temper the recovery, analysts said.
Photo and article from the Telegraph. Article by Tom Leonard
The government looking at expanding a pioneering scheme in Flint, one of the poorest US cities, which involves razing entire districts and returning the land to nature.
Local politicians believe the city must contract by as much as 40 per cent, concentrating the dwindling population and local services into a more viable area.
Photo and article from the Los Angeles Daily News.
Two Los Angeles city councilmembers on Wednesday proposed an ordinance that calls on outdoor advertising companies to voluntarily remove their signs – a welcome plea for critics who say the city is saturated with 8,000 billboards that contribute to urban blight.
The proposal doesn’t just rely on the good hearts of outdoor advertisers, who have shown little regard for city billboard ordinances in the past.
