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Mayor signs law reducing business gross receipts tax

LOS ANGELES — Mayor Eric Garcetti signed into law last week a series of tax cuts for businesses that pay the highest amounts to the city, as one business group announced its official endorsement of his plan to raise the minimum wage in Los Angeles to $13.25 by 2017. Garcetti said the reductions, which are […]

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NASA study warns of western ‘megadroughts’

There is no precedent in contemporary weather records for the droughts the west will face, if greenhouse gas emissions stay on course, a NASA study said. No precedent even in the past 1,000 years. The feared droughts would cover most of the western half of the United States — the Central Plains and the Southwest. […]