Billionaire Stephen Ross’s Related Cos. new project in the sleepy end of downtown Los Angeles is designed to invigorate Grand Avenue the way its Time Warner Center helped energize New York’s Columbus Circle.
California laws allowing highly ineffective teachers to keep their jobs impair students for life and should be thrown out, a lawyer told a judge at the end of a two-month trial over whether tenure protections violate a constitutional right to an education.
Galerie Thaddaeus Ropac sold $2.4 million of blue-chip art halfway through the exclusive opening of the Armory Show this week in New York, as the city’s biggest event of its kind got off to a busy start.
A $2 million painting by Ellsworth Kelly and five light holograms by James Turrell, priced at $100,000 apiece, were among the first artworks snapped up by collectors at the opening of the Art Show in Manhattan.
Complacency about education has put U.S. workers at a disadvantage competing in a global marketplace, said Eli Broad , the Los Angeles philanthropist who has crusaded for a decade to improve student achievement.
Billionaire Eli Broad , who has made revitalizing downtown Los Angeles his mission for more than a decade, aims to attract more tourists with a $130 million museum as the city struggles with job losses and a corporate exodus.
A group of California public school students, backed by a Silicon Valley entrepreneur and a lawyer who defended companies such as Wal-Mart Stores Inc. and Apple Inc., are asking a judge to void state laws that they say let incompetent teachers keep their jobs.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Billionaire philanthropist Eli Broad hasn’t made scheduled payments to the Museum of Contemporary Art in Los Angeles because the institution has $2.1 million in grants it hasn’t put toward exhibitions.