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...LaBrea Bakery, was in a Chais sub-group called CMG, LTD. Some of our savings, and 50 others', were in that group, too. She's lost everything, over $5 million. CMG investors lost $80 million total, according to a class action suit filed in United State District Court in California last week. Silverton's family, in another Chais group called Caroline, also lost everything. It's unclear how many sub-groups Chais had going, but there were at least six I know of in the Los Angeles area. Stanley says he's lost everything, too, including his substantial Chais Family...

Author: /time Magazine | Title: Who Is Bernie Madoff? Many Investors Didn't Ask | 12/23/2008 | See Source »

Attorneys-General of California are usually expected to defend successful statewide propositions against those who would challenge their legality in court. But Proposition 8, which ended gay marriage in the state, passed while the Attorney-General's office happens to be occupied by Jerry Brown, the celebrity activist, former two-term governor and mayor of Oakland, a man for whom political second a cts are second-nature. Early on, Brown had indicated he would fulfill his duties as A.G. and use the powers of his office to defend Prop 8. Indeed, Brown had sided with opponents of gay marriage earlier...

Author: /time Magazine | Title: Jerry Brown Reverses Course on Gay Marriage | 12/23/2008 | See Source »

...going to be a national star." - Art Torres, head of the California Democratic Party, calling Solis "one of the most grounded people I know." (L.A. Times...

Author: /time Magazine | Title: Labor Secretary: Hilda Solis | 12/22/2008 | See Source »

...Business groups will need to be very, very well prepared when they go and see her. Because in moving forward the Obama agenda she won't be taking any prisoners." - Jim Brulte, former Republican leader in the California Senate, on her reputation as a tenacious fighter for unions...

Author: /time Magazine | Title: Labor Secretary: Hilda Solis | 12/22/2008 | See Source »

...bail out the Big Three automakers, Obama has been critical of the United Auto Workers, arguing that the union must be willing to grant concessions on its workers' hard-fought wages and benefits. Labor has also been disappointed by some of Obama's initial appointments. Rep. Xavier Becerra of California turned down the job of U.S. Trade Representative because, he told a radio station, he felt overhauling trade agreements would not be a top priority of the incoming Obama administration. Obama's eventual pick, former Dallas Mayor Ron Kirk, has a record of supporting free trade deals, anathema to labor...

Author: /time Magazine | Title: Will Obama Deliver for Organized Labor? | 12/22/2008 | See Source »

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