Maven’s Morning Coffee

Maven's Morning Coffee
February 2, 2012 7:25 am

Good morning, readers. Welcome to the Maven’s Morning Coffee — a listing of the important headlines, news conferences, public meetings and announcements you need to know to fuel up and tackle your day.

The Maven’s Morning Coffee is also available as a daily email. Click here to subscribe.

Today is Thursday, Feb. 2, 2012, and here is what’s happening in Los Angeles:

Headlines

  • City Attorney Carmen Trutanich will announce a $95 million lawsuit against Northern Trust at a news conference later this morning. “The collateral, the profits of which get split between the pension fund and the asset manager, were supposed to be invested in a way that would produce minimum risk, according to the complaint. Instead, Northern Trust, which didn’t share in the losses from the invested collateral, put them in highly risky investments, according to the complaint,” according to Bloomberg Businessweek.
  • Koreatown residents spoke out at last night’s Redistricting Commission meeting, reiterating their desire to stay in one council district, reports Neon Tommy. “Korea is divided as a nation, which is something that was done externally. That’s something that doesn’t need to happen in Los Angeles; we can keep Koreatown in one district,” one constituent told the panel.
  • Los Angeles City Councilman Jose Huizar and James Shaw from the Union of Medical Marijuana Patients were on Which Way, L.A.? to discuss a proposed ban on medical marijuana dispensaries.
  • Gov. Jerry Brown appointed former chief of staff  to Mayor Jim Hahn, Tim McOsker, to the local board responsible for dissolving the Community Redevelopment Agency. 

Pressers

9 a.m. City Attorney Carmen Trutanich will announce a civil lawsuit against Northern Trust, which allegedly lost $95 million in city pension funds. Main entrance of City Hall East.

10 a.m. Los Angeles City Councilman Eric Garcetti will join Operation HOPE to announce that the Mortgage HOPE Crisis Hotline has served 40,000 homeowners. 3930 Hepburn Avenue in Leimert Park.

11 a.m. Los Angeles City Councilmen Bill Rosendahl and Bernard Parks will discuss redistricting and what should happen to the community of Westchester. Westchester Recreation Center.

Meetings

9:30 a.m. Ethics Commission, City Hall, room 1060

10 a.m. Cultural Heritage Commission, City Hall, room 1010
  • Update on LAUSD Historic Schools Investment Fund Board
  • Informational presentation on City Hall’s rehabilitation of the lawn
5 p.m. Ad Hoc Committee on Downtown Stadium and Convention Center Renovation, City Hall, room 1010
  • Presentation from the Bureau of Engineering and Populous Architects on the design of Pico Hall
6:30 p.m. Redistricting Commission, Westchester Recreation Center
  • Public testimony on proposed maps

Announcements

Political consultant Larry Levine and Ron Saldana of the Los Angeles County Disposal Association will be guests on City Maven Radio Hour at 11 a.m. on LATalkRadio.com.

Los Angeles County Supervisor Zev Yaroslavsky will speak to the North East Central Alliance of Neighborhood Councils at 6:30 p.m. at the Russian Orthodox Church in Silver Lake.

Mayor Antonio Villaraigosa is in Seattle today to discuss education policy at an event organized by the Bill and Melinda Gates Foundation.

To have an event or announcement listed, please email the Maven here.

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