Business
How can film and TV workers cope with Hollywood slowdown? Financial experts offer tips
For many film and TV industry professionals, it’s getting increasingly hard to wait for the production rebound that was widely expected after the strikes by writers and actors ended.
Cyd Wilson, executive director of the SAG-AFTRA Foundation, said the foundation’s emergency fund was getting 100 applications for assistance per day at the height of the strike; it’s down to about 10 a day now. But the problems have spread, from members with limited incomes from acting to the profession’s working class, she said.
“We are now seeing people who have earned $100,000, $200,000 a year” applying for help, Wilson said. “Those people have gone through all of their savings, they’ve tapped into their 401(k)s.”
Financial experts say that the best way to weather times like these is to have crafted a budget that helped you save while work was plentiful. But it’s not too late to make some money moves, budget or no budget, that can help keep you going until production returns to normal.
Here are some of the top suggestions for stretching dollars and ginning up extra income.
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Know where your money is going
Justin Pritchard, a certified financial planner in Montrose, Colo., said the first thing to do is to understand exactly what you’re spending your money on every month. “You may see some light bulbs go on or be surprised at where the money is going,” he said.
“One of the most common mistakes,” said Paco de Leon, a personal finance expert, author and host of the “Weird Finance” podcast, “is just not having any oversight over your finances and hoping it will all work out.”
Most people have two big-ticket items — housing and transportation — and the choices made there are the ones that really move the needle, said Neela Hummel, a certified financial planner in Santa Monica. Can you share your apartment or home to split the costs? Downgrade from a new Audi to a used Kia to slash your monthly payment?
In either case, Hummel said, the question is whether you’re enjoying the home or car enough to justify all the other things you’d have to give up to keep it.
Food is a third major expense. Joanne Danganan, a Los Angeles-based financial counselor and coach, said she tells her clients that the first thing to look at is how much they’re spending on dining out. If you don’t have the bandwidth to grocery shop and cook, she said, a good middle ground is to sign up for a service that supplies prepared meal kits.
Make a plan (and get help doing it)
As important as it is to understand your current spending habits, you also need to come up with a plan for narrowing the gap between your total spending and your sluggish current income. De Leon said the key is “making a little bit of progress every week.”
Hummel said it helps to get expert advice as soon as your finances are rocked by a big event (such as a strike). “We spend a lot of time undoing things that we wish we could have gotten to before those decisions were made,” she said.
In addition to professionals who charge for their services, film and TV professionals have access to several free sources of advice on budgeting and finances. A good place to start is the Entertainment Community Fund, formerly known as the Actors Fund, which offers a multipart financial wellness program, as well as workshops on financial guidance, career-related concerns and housing issues, among many other topics.
All of the sessions are virtual at the moment, and open to anyone who identifies as part of the creative community.
“One of the strengths of our organization is that we provide wrap-around services,” said Tina Hookom, the fund’s director of social services. People who come in for help with one issue — they need affordable housing, for example — will be connected to a full range of resources.
The Times also offers a free newsletter series on budgeting and personal finances called “Totally Worth It,” which you can sign up for below.
Look for new sources of income
“I have advice that nobody wants to hear, which is, do whatever you can to bring cash to your household,” de Leon said. That applies whether you think the current troubles are just a blip or a foretaste of the job losses that technological changes are bringing to the industry, she said.
She suggested starting your search for more work by tapping the network of contacts you’ve made. Focus on people beyond your immediate circle of friends, she said, because most opportunities often come from contacts a few degrees removed from you.
Danganan suggested becoming a coach or tutor online, offering to teach what you learned working in the film and TV business to students within the industry — and outside it. “There are plenty of industry folks who have transferable skills,” she said.
For example, Hummel said, a manager of production facilities could work as an event planner; or a TV writer could edit copy. To figure out where you might apply your skills, she said, think not about your job title, but about what you actually do.
Temp agencies are good sources of short-term gigs and of ideas for how to put Hollywood know-how to work in other industries.
Hookom said just because you may need to look outside the industry for more income, that doesn’t mean giving up on a career in entertainment. She urged struggling workers to sign up for workshops at the Entertainment Community Fund’s career center, which are designed to get people to think strategically about their situations.
The center can connect you to resources for freelancers, entrepreneurial opportunities and meaningful work that’s not far removed from what you’re doing now, she said. If necessary, it can also help prepare you for a transition out of the entertainment business.
Negotiate your bills and interest rates
Lately, Hookom said, the Entertainment Community Fund has been seeing industry professionals dealing with a lot of debt. One of its financial wellness workshops deals specifically with how to manage debt, including negotiating with creditors for more favorable payment terms.
Credit card companies can be talked into lowering the interest rates they charge on unpaid balances. You may also be able to move the due date for your next payment back, either on the company’s website or by phone.
Medical debt is often negotiable too. Like gas stations, healthcare providers will often offer a lower price to people paying cash, so if you’re uninsured or underinsured, that’s an option worth exploring. Many providers will agree to a payment plan as well. Before you start paying any large bills, though, make sure to get an itemized list of the charges so you can make sure it’s accurate.
Another option for hospital debt, according to NPR’s Life Kit team: seeing if you qualify for the institution’s charitable care program. Federal tax law requires nonprofit hospitals to offer free or discounted care to lower-income patients, so it’s worth exploring. The website for Dollar For, an advocacy group for patients, offers help in determining whether you’re eligible.
Also, how old is your debt? In California, the statute of limitations for suing to collect a debt is four years in most cases. If it’s been more than four years since your last payment on the amount you owe, you can’t be sued for the balance, although debt collectors can still ask you to pay it anyway.
Don’t dig a deeper hole
If you are carrying a balance on multiple credit cards and have other bills that are generating interest charges, one possible action is a loan to consolidate all those debts into one monthly bill. The potential benefit here is that you might be able to find a loan with a lower interest rate than your credit card charges; according to Bankrate.com, the average interest rate for a personal loan was 12.22%.
The downside, though, is that clearing your credit card debt could backfire if you kept spending more on those cards than you could afford to pay off each month. These consolidation loans also may have high or hidden fees; for a good guide to how the loans work and what to consider, see these explainers from Credit Karma and NerdWallet.
A second possibility is transferring debts on old credit cards to a new one with a low introductory interest rate. Plenty of banks are offering 0% interest on transferred balances for up to 18 months; you could save hundreds to thousands of dollars in interest charges if you’re able to pay off your balance during that period, even after factoring the transfer fee.
If you’re burdened by federal student loan debt, consider a new income-based repayment method from the U.S. Department of Education called the Saving on a Valuable Education Plan that has several advantages over its predecessors. The monthly payments are lower, and borrowers who make their full income-based payments will have any excess interest charges waived. Under previous plans, if your income is so low that your monthly payment doesn’t even cover the interest charges on your loan, the unpaid interest is added to the amount you owed.
Times staff writer Jessica Roy contributed to this report.
Business
Waymo reports teen riders for bad behavior and delivers them to the police
Robotaxis could be turning into robocops.
A self-driving Waymo reported two teens to San Mateo, Calif., police on Monday after they were found drinking alcohol and shooting toy guns in the back of the vehicle.
According to a social media post from the San Mateo Police Department, officers detained two 15-year-olds after the Waymo they were riding in contacted the department and stopped in a parking lot until law enforcement arrived.
“Parents do you know where your teens are?” the San Mateo Police Department wrote on Facebook following the incident. “Waymo does!”
Officers removed both teens from the vehicle and determined they were using toy guns to shoot Orbeez out the windows. Orbeez are small, water-absorbing beads sold at toy stores.
“Toy guns, water guns, and BB guns all pose real dangers, especially to an untrained eye,” the Police Department said. “The simple handling of them can cause fear in [passersby].” “
A video posted on Facebook shows at least five officers and a police dog responding to the scene and approaching the Waymo with their weapons raised.
Waymo did not immediately respond to a request for comment.
Waymo vehicles have internal cameras and microphones that may be used in an emergency or to “promote safety and security,” according to Waymo’s online support page.
The cameras are also used to ensure the vehicles are clean and to help find lost items, according to the support page.
The company said it does not use facial recognition or other biometric identification technologies to identify individuals.
“In more urgent circumstances, support may access live video during a trip,” the Waymo page said.
The San Mateo Police Department’s Facebook post has garnered nearly 60 comments, with one user accusing Waymo of “snitching.”
“At least they got a designated driver?!” one user commented.
Business
Commentary: How right-wing anti-transgender attacks led to a Supreme Court ruling upholding sex discrimination
At the Supreme Court, the unfounded fear of boys masquerading as girls in youth sports rolled the clock back on gender equality.
On the surface, the Supreme Court’s June 30 opinion upholding state laws barring transgender girls from women’s and girl’s sports teams looks like a victory for women’s rights.
The 6-3 opinion by Justice Brett M. Kavanaugh certainly presents itself that way. “Females and males have inherent physical differences relevant to athletic performance,” Kavanaugh wrote. “Therefore, in contact sports, forcing female athletes to compete against males can create significant safety risks.” He also asserted that “forcing female athletes to compete against males can undermine competitive fairness.”
The ruling applied to prohibitions enacted in Idaho and West Virginia against “biological” males’ participation on women’s teams in public schools. Federal judges in both states overturned the bans. The Supreme Court majority restored them. The ruling essentially upholds similar bans enacted in 25 other states.
There was no record of any transgender person participating in school sports in the State, let alone any ‘problem’ with transgender students … creating unfair competition or unsafe conditions.
— Justice Sonia Sotomayor, demolishing the Supreme Court’s argument in favor of banning transgender girls from girl’s sports
Kavanaugh, like Donald Trump and others in the anti-transgender camp, maintained that one’s gender is an immutable fact of life, established even before birth.
Anything else, Trump stated in an executive order he issued on inauguration day 2025, could only be the product of “gender ideology extremism.” The U.S., his order stated, recognizes “two sexes, male and female. These sexes are not changeable and are grounded in fundamental and incontrovertible reality.” That’s a “biological truth,” he declared.
In his own version of this overconfident and factually insupportable conclusion, Kavanaugh wrote: “As all agree, females and males have inherent physical differences relevant to athletic performance.”
Science recognizes that some people are “born with sex traits that don’t fit into typical male or female patterns,” to cite a discussion on the Cleveland Clinic web page on the topic “intersex.” The condition “may involve chromosomes, hormones, reproductive organs or genitals.”
From a psychological standpoint, medical science recognizes “gender dysphoria” as a real condition often requiring counseling and medical intervention such as the use of puberty blockers and hormones to stave off the development of secondary sex characteristics until the condition can be resolved.
No one disputes that there are physical differences between the sexes. Few would dispute that on average or even at the median, males may be bigger and more powerful than females, or that in certain contact sports the difference may be telling and on occasion dangerous.
But that’s not the same as asserting that the physical differences between males and females invariably mean that men will invariably prevail over women in all competitions or that their participation will endanger women.
The International Olympic Committee — in a policy statement Kavanaugh cited incompletely — says that in “most running and swimming events,” males have a 10% to 12% advantage over women. That’s a range that would accommodate the full spectrum of outcomes — transgender females win, cisfemales win, they tie. (The “cis” prefix denotes those living consistent with their birth gender.)
West Virginia and Idaho addressed this ambiguity by banning transgender women from all girls’ teams. So under their rules transgender girls can’t play football or soccer with cisgirls. But what’s the argument in favor of banning them from the 100-yard dash, or cross-country track, or diving, or archery?
But something else is going on here. The Supreme Court’s ruling was almost preordained, given the years-long campaign by conservatives to demonize transgender individuals as if they’re members of an alien species.
It will be recalled that during his presidential campaign, Trump spun a despicable fantasy in which children were kidnapped in school and secretly subjected to sex-change operations.
Trump’s executive order wiped out policies aimed at protecting transgender adults from discrimination. He moved to outlaw gender-affirming medical therapies for anyone under 19 by cutting off federal funding for healthcare institutions that provide such care.
He banned transgender individuals from serving in the military and ordered federal prison officials to move transgender inmates into the general populations consistent with their birth genders, which exposes them to physical assault. (Federal Judge Royce Lamberth of Washington, D.C., has blocked the government from transferring three transgender women into the male prison population or terminating their hormone treatments.)
I wrote during Trump’s first term, when his anti-transgender policies were still gestating, that the goal was to show that “one can target any community, as long as it doesn’t have a strong political voice or political power. These are the actions of bullies and cowards, pretending to be strong.”
Last year, the Supreme Court struck its first blow against transgender rights by upholding a Tennessee law banning transgender care, including puberty blockers and hormone therapy, for minors. Similar laws have been enacted in 25 other states. The majority in that ruling by Chief Justice John G. Roberts Jr. was identical to the one in the June 30 ruling — Roberts, Kavanaugh, and Justices Clarence Thomas, Samuel A. Alito Jr., Neil M. Gorsuch and Amy Coney Barrett.
Who are the targets of this ideological campaign? They number only about 1.6 million U.S. adults, or one-half of 1% of the U.S. population. About 300,000 adolescents ages 13 to 17, or 1.4%, identify as transgender, according to a study by UCLA School of Law.
In West Virginia, as Justice Sonia Sotomayor observed in her dissenting opinion, “there was no record of any transgender person participating in school sports in the State, let along any ‘problem’ with transgender students … creating unfair competition or unsafe conditions.”
In endorsing the flat bans directed at transgender women in Idaho and West Virginia, Kavanaugh argued that any attempt to implement case-by-case judgments of students’ requests to join sports teams inconsistent with their biological gender would create “an enormous practical and administrability problem.”
Is that so? That wasn’t the case in Maine, where the annual K-12 population is more than 170,000. There, a committee was charged with determining whether a student’s participation in a sport consistent with their gender identity but inconsistent with their biological sex would “result in an unfair athletic advantage” or present a risk of injury to others. The committee held 56 hearings from 2013 through 2021, or an average of seven per year. During the entire time span, only four involved transgender girls. (The outcome of those hearings couldn’t be learned.)
It was Maine’s policy, one might recall, that provoked a confrontation between Trump and Maine Gov. Janet Mills at the White House last year, when Trump threatened to withhold federal funding from the state unless it barred transgender students from competing on women’s sports teams. “We’ll see you in court,” Mills snapped.
Whether the Idaho and West Virginia laws genuinely protect girls from unfair competition is questionable. (The Idaho law is styled the “Fairness in Women’s Sports Act.”) In practice, the laws may subject women in public schools to “invasive sex verification procedures,” as educational expert George Theoharis of Syracuse University wrote after the court ruling.
They’re also based on a retrograde view of women as fragile creatures needing men’s protection, Theoharis wrote — “the same logic that has historically been used to justify excluding women from making their own healthcare decisions and girls from rigorous math and science; that physically demanding work is simply beyond them.” (There don’t appear to be any state laws barring transgender women from competing in men’s sports.)
Becky Pepper-Jackson, the plaintiff in the West Virginia case, in which she is identified only as B.P.J., is the only transgender girl who sought to join girl’s teams — track and cross-country — in the state. That was in 2021, just after West Virginia passed its law and she was about to enter sixth grade. She didn’t appear to pose any competitive risk to others on the track and cross-country teams she applied to join — her lawyers told the Supreme Court that on those no-cut teams, she “came in near the back.”
Anyway, she had not gone through male puberty, which theoretically might have endowed her with a competitive advantage, because she had been taking puberty blockers and female hormones.
Thanks to the court’s ruling, Sotomayor observed in a dissent joined by Justices Elena Kagan and Ketanji Brown Jackson, West Virginia can deny Becky access to school sports “because it thinks they have an inherent athletic advantage, even if the facts show that they do not.”
B.P.J., Sotomayor wrote, “cannot practice on girls’ teams, even if she would not take anyone’s spot in an eventual competition, even if everyone who tries out for the team makes it, and even if having the chance to participate could aid immensely in treating B. P. J.’s gender dysphoria.”
So whose interest was really protected by the Supreme Court?
Business
Orange County real estate investor pleads not guilty in $100 million bank fraud case
An Orange County real estate investor accused of criminally defrauding an Arizona bank of nearly $100 million pleaded not guilty Monday and remains in custody.
Mahender Makhijani, 44, of Corona del Mar — who also was ordered by an arbitrator to pay $1.34 billion in a separate civil fraud case — was arraigned in Santa Ana federal court on two charges.
He is accused of bank fraud and making a false statement to a bank in a June 8 case involving a $100 million real estate loan made by Phoenix-based Western Alliance Bank. He was taken into custody on June 10.
Makhijani is accused of providing bogus collateral for the October 2024 loan now in default. In a civil lawsuit, Western Alliance said the outstanding balance as nearly $99 million.
Prosecutors say he falsified title insurance policies that showed the bank would have a first lien on the underlying collateral if the loan went bad, when in fact it did not.
A trial was set for August 11 before U.S. District Judge David O. Carter in Santa Ana.
Michael Schachter, his criminal defense attorney, did not respond to messages seeking comment.
In the civil case, an arbitrator in May ordered Makhijani to pay Laguna Beach real estate mogul Mohammad Honarkar $1.34 billion after ruling he had fraudulently induced him into a 2021 joint venture — and then wrested control and lost to creditors more than two dozen properties Honarkar had owned.
Makhijani has not been criminally charged in that case, but prosecutors alleged in an affidavit in support of the bank fraud charges that he used “force and threats” in his dealings with Honarkar and others — including taking over the landmark Hotel Laguna in 2023 that Honarkar was renovating.
Prosecutors sought to hold Makhijani without bail after his arrest.
The affidavit noted he is a legal Indian immigrant with a home and bank accounts in that country, has access to private jets and threatened to “run away” if caught in a difficult situation.
The request was denied and he was granted $500,000 bail.
However, Makhijani remains in custody after a hearing sought by prosecutors last month before Magistrate Judge Autumn Spaeth.
The judge declined to accept a $450,000 cashier’s check submitted by a Makhijani associate for the bail, finding insufficient proof the source of the funds was legitimate, according to court records.
Makhijani is not prominent outside Orange County real estate circles, but he established a thriving distressed-assets business over the last decade that attracted prominent Southern California real estate investors.
Prosecutors said it paid for a lifestyle that included two multimillion-dollar homes in Corona del Mar, a luxury apartment in Newport Beach and various luxury vehicles.
As of last month, prosecutors had not fully traced his assets, which they believe are not held in his name and some of which may be in India.
The businessman employed an array of shell companies and strawmen to sign documents on his behalf, and to stand in for him as operators of his companies, according to the affidavit.
Makhijani told an associate he took extra precautions because wanted to insulate himself from litigation and that “they were sharks in the distressed world who took advantage of people,” the affidavit stated.
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