THE WEEK THAT WAS...
Disney may get tax break
A pact that has spared Walt Disney Co. from paying entertainment taxes on its Anaheim amusement parks may be extended for three decades if the entertainment giant agrees to invest at least $1 billion in its resort in the coming years. Supporters are encouraged that Disney will continue to expand. Critics say Disney’s break could put residents at risk if the city’s f inances falter.
Health law is again upheld
With two Supreme Court decisions in the past three years upholding it, the Affordable Care Act is about as firmly ensconced as a law can be in a politically divided country. The court, in a strongly worded 6-3 decision, pushed aside the latest legal challenge that threatened to take away insurance subsidies that more than 6 million Americans rely on to get healthcare.
Calpers may not reach goal
The nation’s biggest public pension fund is falling far short of its annual investment goals. The California Public Employees’ Retirement System earned only 3% in the 10 months ending April 30 and likely will fall short of its 7.5% annual target when the fiscal year ends Tuesday. Its chief investment officer, Ted Eliopoulos, concedes it’s too late to avoid a shortfall.
Beverly Hills hotel is sought
The Chinese owners of a former department store site in Beverly Hills — long considered one of the region’s most desirable development locations — are proposing to add a top-of-theline hotel in their planned $1-billion condominium complex. Wanda Group, which bought 9900 Wilshire Blvd. last year, said it planned to reduce the number of condos in the development.