News
Judge rules that Los Angeles officials manipulated records during homeless camp cleanups
A federal judge has found that Los Angeles city officials altered evidence to support the city’s defense against allegations that it illegally seized and destroyed the property of homeless individuals. Warning that the city will likely face sanctions following a forensic examination, U.S. District Judge Dale S. Fischer wrote in an order that the city had not only “altered, modified, and created documents relevant to Plaintiff’s claims” but had also failed to produce legitimately requested documents. She stated, “Suffice it to say that the City’s credibility has been significantly damaged.”
According to court filings, records documenting what was taken during cleanups and the legal authorization for the seizure were altered or created up to two years after the cleanup occurred and in some instances just days before they were turned over to the plaintiffs. In some records, the word “bulky items” was replaced by “health hazards” or “contaminated,” after Fischer had ruled the city’s law prohibiting bulky item seizures unconstitutional.
Shayla R. Myers, an attorney with the Legal Aid Foundation of Los Angeles who is representing the plaintiffs, described the changes as so significant that they rise to the level of fraud on the court. Myers stated, “This isn’t just about altering or creating evidence, it’s about misleading the court and the public about the existence of safeguards to ensure the city isn’t illegally disposing of unhoused people’s belongings.”
The plaintiffs, including seven homeless individuals and the group Ktown for All, allege that the city violated their rights by destroying their belongings in camp cleanups in 2018 and 2019. Items taken allegedly included tents, chairs, work supplies, a laptop computer, personal identification, and medications. They seek compensation for the destroyed property and a declaration that the city’s policies violate the California and U.S. constitutions.
Judge Fischer issued a preliminary injunction early in the case, barring the city from enforcing the municipal code that prohibits bulky items. She later held the city in contempt after evidence showed that city workers continued to post signs prohibiting bulky items in some locations. The case has since been embroiled in disputes about the accuracy of the city’s records.
After a neutral third-party forensic examiner was appointed to investigate the altered documents, it was found that over 100 revisions had been made in some records. Fischer issued a finding in February that the city had altered records and criticized the city’s arguments that the revisions were insignificant. She ordered the city to turn over all relevant documents to the examiner by a specified deadline, warning that delays would not be tolerated.
Despite the city turning over a Google Drive for evaluation, no additional documents were provided. Attorney Myers has not yet determined what sanctions to propose, as the forensic examination is ongoing. The trial, initially stayed for the examination, has not been rescheduled.
“This case would have been resolved years ago but for the need for the court to investigate the city’s conduct, delaying a public reckoning about the legality of these sweeps,” Myers said.
As this case continues to unfold, it sheds light on the challenges faced by homeless individuals and the importance of upholding their rights in legal proceedings. Judge Fischer’s findings highlight the gravity of altering evidence in a court case and the potential consequences for those involved. It remains to be seen how this situation will ultimately be resolved and what impact it will have on future homeless camp cleanups in Los Angeles.
News
Is now the right time to invest in gold as prices have cooled?
The price of gold has climbed to record highs recently and has remained strong through much of April. And, that growth continued until the precious metal traded at around $2,390 per ounce on April 19, 2024. But since, growth in the price of the precious metal has cooled, with gold’s price now hovering around $2,300 per ounce.
This lull in gold’s price may represent an investment opportunity.
In general, investing is centered around buying assets when prices are low and selling them when prices are high – generating a profit on the difference between the two. So, considering the declines in gold’s price over the past few days, now may be the time to make your investment. But is buying gold during this lull in prices really a good idea?
Compare your gold investment options among leading brokers now.
Gold prices have cooled. Should you buy in now?
With gold’s price down from recent highs, you may be wondering if now is the right time to buy in. There are several reasons the dip in gold’s price may represent an opportunity to buy. Here are some of the biggest:
Prices may rise again
If looking at a gold price chart shows anything for certain, it shows that changes in the overall growth of the medal come in fits and spurts. Periods of price growth are typically followed by periods of declines and vice versa.
But with inflation rising in recent months – and with gold’s reputation as a safe-haven asset that can hedge against inflation – it only makes sense that the price of the precious metal will eventually start to head up again in the future. While attempting to time that directional change may be tricky, buying the precious metal while the price is down gives you the opportunity to take advantage of any upward movement that may be ahead.
Add gold to your portfolio now before prices have a chance to rise.
You may be able to make a quick profit
Gold isn’t known as an asset in which you can earn a quick return, but in today’s market, that may be the case. Don’t forget that in January, gold was trading at just $2,000 per ounce. And, by mid-April, the commodity’s price had climbed to around $2,400 per ounce. That’s about 20% growth in a matter of months, much of which happened since March 1 – an impressive climb for any investment asset.
Perhaps more importantly, gold’s price growth through the beginning of 2024 shows that the commodity doesn’t have to be a buy and hold style investment that you keep in a safety deposit box or precious metal depository for years to come. There’s also the possibility that the commodity’s price could climb further ahead, making it a compelling way to potentially generate a quick profit.
There are other benefits of investing in gold
There are other benefits of investing in gold that have little to do with the price growth seen thus far in 2024 – or the lull in prices seen over the past couple of days. Those benefits include:
- Inflation protection: Gold has long been considered an inflation hedge, and for good reason. When inflation drives the prices of consumer goods and services up – and the value of the dollar down – gold’s price tends to rise. So, it could be used to maintain the value of your portfolio during inflationary economic conditions. That’s important in today’s economic environment as stubborn inflation continues to weigh on the value of the dollar.
- Portfolio diversification: Gold’s price doesn’t always move in the same pattern that bonds or stocks do. So, mixing a reasonable amount of gold into your portfolio (up to 10% of your portfolio assets) as a diversifier could protect you from losses should one or more of your traditional portfolio assets fall in value. “If you have less than 5% – 10% of your net worth in commodities & FX (forex), you should absolutely consider adding exposure to gold and other precious metals,” says Vijay Marolia, money manager and managing partner at the wealth management firm, Regal Point Capital.
The bottom line
Gold’s price has fallen from recent highs – which may represent an opportunity to tap into growth ahead. However, gold isn’t simply a “buy while it’s low and sell while it’s a high” kind of investment opportunity. The commodity can also protect your portfolio from the stubborn inflation we’ve seen thus far in 2024 while acting as a diversification tool that could increase your risk-adjusted portfolio returns. So, consider adding gold to your portfolio today while it has the potential to grow in value.
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Is now the right time to invest in gold as prices have cooled?