THE WEEK THAT WAS...

Los Angeles Times - - THE WEEK -

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.

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