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BRIEFCASE LAWMAKER URGES TAX CREDIT FOR FILMS.


Byline: - Staff and Wire Services

An area lawmaker Thursday introduced a resolution urging President George W. Bush and Congress to pass a law to provide tax credits for making movies in the United States.

``California is struggling to regain its economic footing after the recession of the past few years,'' said the sponsor of the resolution, Assemblyman Herb Wesson Jr., D-Los Angeles.

``The president and members of Congress have a great opportunity to help our state and our workingmen and -women by giving this incentive to the motion picture industry to curb runaway productions,'' he said.

It is estimated that in 2001, the equivalent of 36,000 full-time jobs was lost in the United States because of runaway productions being shot in other countries.

As of May, of the 36 films under production by major studios, one-half were being produced outside the United States.

The resolution is to be heard in the Assembly's Arts, Entertainment, Sports, Tourism, and Internet Media Committee next Tuesday.

Yahoo's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , wife donating to UCLA UCLA University of California at Los Angeles
UCLA University Center for Learning Assistance (Illinois State University)
UCLA University of Carrollton, TX and Lower Addison, TX
 

Terry Semel, chairman and chief executive officer of Yahoo! Inc., and his wife, Jane, are donating $25 million to the Neuropsychiatric neu·ro·psy·chi·a·try  
n.
The medical study of disorders with both neurological and psychiatric features.



neu
 Institute at the University of California, Los Angeles UCLA comprises the College of Letters and Science (the primary undergraduate college), seven professional schools, and five professional Health Science schools. Since 2001, UCLA has enrolled over 33,000 total students, and that number is steadily rising. .

The funding will help endow the research of Alzheimer's disease Alzheimer's disease (ăls`hī'mərz, ôls–), degenerative disease of nerve cells in the cerebral cortex that leads to atrophy of the brain and senile dementia. , autism autism (ô`tĭzəm), developmental disability resulting from a neurological disorder that affects the normal functioning of the brain. It is characterized by the abnormal development of communication skills, social skills, and reasoning.  and other brain disorders.

The institute will be renamed the Jane and Terry Semel Institute of Neuroscience and Human Behavior at UCLA.

CareSouth buying Able Home Health

SANTA CLARITA - Home health care company CareSouth announced Thursday that it will acquire Able Home Health Inc., broadening the Georgia-based company's footprint in Southern California.

Able Home Health employs about 30 people in Santa Clarita, serving most of Los Angeles County. CareSouth owns and manages 26 home health agencies in Georgia, Alabama, North Carolina, Tennessee, Texas and California.

In 2002, privately held CareSouth purchased Advantage Home Health in Lancaster. A spokeswoman for CareSouth said the company processes about $200 million annually.

Board won't back United's big loan

WASHINGTON - United Airlines lost its bid for $1.6 billion in federal loan guarantees Thursday, a blow to the nation's second-largest airline as it tries to emerge from bankruptcy.

It was the second time that the federal Air Transportation Stabilization Board The Air Transportation Stabilization Board is an office of United States Department of the Treasury set up after the September 11, 2001 attacks to offer loans to troubled US airlines. External links
  • U.S.
 has turned down the cash-strapped company, which is Los Angeles International Airport “LAX” redirects here. For other uses, see LAX (disambiguation).

“KLAX” redirects here. For other uses, see KLAX (disambiguation).

Los Angeles International Airport (IATA: LAX, ICAO: KLAX, FAA LID: LAX
 biggest tenant.

Two members of the board - the Treasury Department's undersecretary for domestic finance, Brian Roseboro, and Federal Reserve member Edward Gramlich - voted to deny the company's request. The third member, Jeffrey Shane, an undersecretary at the Transportation Department, voted to defer a decision for one week.

The Treasury Department did say, however, that the airline has an opportunity to resubmit Verb 1. resubmit - submit (information) again to a program or automatic system
feed back

return, render - give back; "render money"
 an application.

- Associated Press
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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Jun 18, 2004
Words:441
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