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Economic Update | Month Ending December 31, 2023

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Stock markets ended the month sharply higher – Investors pushed stocks higher this month following news from the Fed that they are shifting their monetary policy. For the first time in two years the Fed has come out and acknowledged that their tightening campaign has tamed inflation and that they feel that there could be as many as three rate cuts next year. With their key interest rates at their highest levels in 23 years, rate cuts are something that investors are looking forward to. The Dow Jones Industrial Average closed the month at 37,689.40, up 4.8% from 35,950.89 on November 30. It gained 13.7% in 2023. The S&P 500 closed the month at 4,769.89, up 4.4% from 4,567.90 last month. It gained 24.2% in 2023. The NASDAQ closed the month at 15,011.35, up 5.3% from 14,262.22 last month. It is up 43.4% from its close in 2022.

U.S. Treasury bond yields – The 10-year treasury bond closed the month yielding 3.88%, down from 4.38% last month. The 30-year treasury bond yield ended the month at 4.03%, down from 4.54% last month. We watch bond yields because mortgage rates often follow treasury bond yields.

Mortgage rates – The Freddie Mac Primary Mortgage Survey reported that mortgage rates as of December 28, 2023, for the most popular loan products were as follows: The 30-year fixed mortgage rate was 6.61%, down from 7.22% at the end of November. The 15-year fixed was 5.93%, down from 6.56% at the end of November.

Home sales figures are released by the California Association of Realtors and the National Association of Realtors on the third week of the month for the previous month. These are November’s results.

U.S. existing-home sales – The National Association of Realtors reported that existing-home sales totaled 3.82 million units on a seasonally adjusted annualized rate in November, down 7.3% from an annualized rate of 4.12 million in November 2022. The median price for a home in the U.S. in November was $387,600, up 4% from $372,700 last November. There was a 3.5-month supply of homes for sale in November, up from a 3.3-month supply last November. First-time buyers accounted for 31% of all sales. Investors and second-home purchases accounted for 14% of all sales. All-cash purchases accounted for 29% of all sales. Foreclosures and short sales accounted for 1% of all sales.

California Association of Realtors November existing-home sales report – The California Association of Realtors reported that existing-home sales totaled 223,940 units on a seasonally adjusted annualized basis in November, down 7.4% from October. November marked the third straight month of the annualized sales rate dropping under 250,000, a level that was thought could never happen, and the 29th straight month of year-over-year declines in sales. Year-to-date, the number of homes sold was down 25.9% in November. Prior to 2022 home sales have rarely dropped below 400,000 in decades. They will end the year somewhere around 250,000. While historically interest rates are not that high, compared to the lowest rates in 50-years during COVID the shock of going from the lowest rates in decades to the highest rates in 23-years has caused many potential home sellers to put off their move. In a normal year about 50% of sales are what we call move-up buyers. Those are people selling a home to purchase another. When your mortgage is at a 3% rate, it’s difficult to sell it and purchase another with a mortgage at a 7% rate. For example, if you own a $2 million dollar home with a $1 million mortgage at 3%, your payment with taxes and insurance is about $4,500. If you put your $1 million in equity down on your new $4 million dollar home and obtained a $3 million loan at 6.5% (down from almost 8% two months ago) your payment with tax and insurance would be around $24,000 a month. That’s a big jump and has caused many people to stay in their current home that would normally move to a new home. When people put off their move it reduces the number of homes for sale. This is exactly what is happening now. The statewide median price paid for a home in November was $822,200, up 6.2% from a revised $774,150 a year ago. There was a 3-month supply of homes on the market, up from 2.7-month supply of homes for sale in October, and down from a 3.2-month supply one year ago.

The graph below shows sales data by county in Southern California.
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Economic Update | Week Ending December 30, 2023

! Weekly Economic Update

Stock markets ended the week almost unchanged to close out a banner year – The Dow Jones Industrial Average closed the week at 37,689.40, up 0.2% from 37,385.37 last week. It ended the year up 12.7%. The S&P 500 closed the week at 4,769.89, up 0.7% from 4,754.63 last week. It ended the year up 24.2%. The Nasdaq closed the week at 15,011.35, up 0.1% from 14,992.67 last week. It closed 43.4% up in 2023.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 3.88% down slightly from 3.90% last week. The 30-year treasury bond yield ended the week at 4.03%, down slightly from 4.05% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates are at their lowest point since June – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of December 28, 2023, were as follows: The 30-year fixed mortgage rate was 6.61%, down from 6.67% last week. The 15-year fixed was 5.93%, down from 5.95% last week. Rates dropped further at the end of the week. Next week’s 30-year should be close to 6.5%.

The graph below shows the trajectory of mortgage rates over the past year.

Have a great weekend!
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From Samsung’s AI Fridge to Ads on Prime and More! | Tech News

As this year comes to a close, wrap up 2023 with the weeks top tech headlines. From Samsung’s AI Fridge to Ads on Prime and more, this week is full of major news in the world of tech and media. Read on for the latest!

Microsoft’s Upcoming Surface Laptops: A Leap into the World of AI-Enabled PCs

Microsoft is reportedly planning to introduce AI-enabled features in its upcoming Surface Pro 10 and Surface Laptop 6. These devices will incorporate a next-gen neural processing unit (NPU) and will be available with both Intel and Arm-based options. The Arm-based models, codenamed CADMUS, will utilize Qualcomm’s Snapdragon X chips and are designed to support AI features integrated into a future Windows release. They are expected to offer improved performance, battery life, and security similar to Apple’s silicon. The Intel versions will feature the latest 14th-gen chips. Additionally, the Surface Pro 10 is rumored to have a brighter display, while the Surface Laptop 6 may come with a larger 13.8-inch display and various new ports. These devices are expected to be released next year, with significant design changes anticipated in 2025.

Amazon’s Ambition: Producing Hydrogen In-House to Fuel its Vehicles

Amazon is taking steps to produce hydrogen fuel at its fulfillment centers by partnering with hydrogen company Plug Power. The first electrolyzer, capable of splitting water molecules to generate hydrogen, has been installed at a fulfillment center in Aurora, Colorado. This hydrogen production will be used to fuel approximately 225 forklift trucks on-site, with the capacity to support up to 400 hydrogen fuel cell-powered forklifts. Amazon’s foray into on-site hydrogen production marks its commitment to sustainability and is expected to be part of a broader strategy for reducing emissions and advancing green technologies.

Samsung’s new AI-enabled smart fridge can design recipes based on your dietary needs

Samsung is set to unveil its 2024 Bespoke 4-Door Flex Refrigerator at CES next year. The latest Samsung appliance features advanced AI capabilities. The smart fridge includes an internal camera to identify food items. The fridges connected app suggest recipes based on available ingredients. The Samsung Food app, accessible via the Family Hub touchscreen, connects to users’ Samsung Health profiles. Likewise, because of this its able to tailor recipes to their dietary needs. The fridge even accommodates dietary preferences like gluten-free, pescatarian, dairy-free, vegan, and fusion.

Amazon Prime Video to Introduce Advertisements Starting January 29th

Amazon Prime Video is set to introduce ads on January 29th, 2024. The move aims to support continued investment in content without changing the current price of Prime memberships. Amazon plans to have fewer ads compared to linear TV and other streaming providers. Customers who prefer an ad-free experience can opt to pay an additional $2.99 per month. This change comes as Amazon seeks to diversify its revenue streams and enhance its streaming platform’s profitability.

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Weekend Events | NYE 2024 Edition

As we bid farewell to another year and welcome the promise of a new one, Los Angeles comes alive with a plethora of events and celebrations to ring in New Year’s Eve 2024. From spectacular fireworks displays to themed parties and live performances, there’s something for everyone to enjoy. Here are some of the top local events to consider for your New Year’s Eve celebration:

Marina del Rey New Year’s Eve Fireworks

Where: Marina del Rey
When: December 31, 2023 What: Marina del Rey sets the night ablaze with two dazzling fireworks displays at 9 pm and midnight. These pyrotechnic spectacles light up the waterfront, near Burton Chace Park. If you’re looking for family-friendly fun, don’t miss the “glow party” at the park from 7 pm to midnight. While some restaurants offer ticketed dinners, you can also find free spots along the water to enjoy the fireworks.

N.Y.E.L.A.

Where: Downtown
When: December 31, 2023 What: For an affordable and family-friendly New Year’s Eve celebration, head to DTLA’s Grand Park. Surrounded by iconic landmarks like the Music Center and City Hall, Grand Park transforms into a cultural hub for the holiday. City Hall becomes a massive canvas for a countdown projection, making it a unique way to welcome the new year.

Prohibition NYE

Where: Downtown
When: December 31, 2023 What: Step back in time to the Roaring Twenties at this Prohibition era-themed NYE party held in the Art Deco marvel of Union Station. With a DJ set from Chromeo, live jazz, burlesque performances, and custom cocktails, it’s a glamorous affair. Dress to impress in your best 1920s attire and be part of the countdown as a 60-foot custom ball drops.

NYEx10

Where: Los Feliz
When: December 31, 2023 What: Big Bar in Los Feliz offers a unique New Year’s Eve experience with 10 countdowns, each accompanied by original cocktails and themed playlists. This year’s event takes on an outer space theme, promising a celestial celebration. Admission is free, and there’s a complimentary champagne toast at midnight.

New Year’s Eve at Dynasty Typewriter
Where: Westlake
When: December 31, 2023 What: Dynasty Typewriter presents a comedy extravaganza for New Year’s Eve. Enjoy stand-up performances by talented comedians like Ify Nwadiwe, Luke Mones, Megan Gailey, Max & Nicky Weinbach, and Aparna Nancherla. Every ticket includes a champagne toast at the stroke of midnight.

EVE at Universal Studios Hollywood

Where: Universal City
When: December 31, 2023 What:Experience the thrill of New Year’s Eve at Universal Studios Hollywood. Enjoy the rides during the day and stick around for a spectacular midnight fireworks display. Multiple genre-themed party areas await you, complete with desserts, beer, wine, and champagne options.

New Year’s Eve at Knott’s Merry Farm

Where: Buena Park
When: December 31, 2023 What: Knott’s Berry Farm transforms into Knott’s Merry Farm during the holiday season. For New Year’s Eve, the park extends its hours, offering live music, a countdown to midnight, and a festive balloon drop at 9 pm. It’s a perfect way to celebrate with family and friends.

WeHo NYE Festival at E.P. & L.P.

Where: West Hollywood
When: December 31, 2023 What: E.P. & L.P. in Melrose hosts a rave-inspired party across its restaurant and rooftop levels. The evening starts with an optional open bar and passed appetizers, followed by DJ sets and a midnight balloon drop. Arrive before 10:30 pm for a complimentary drink.

Last Night with Rhonda

Where: West Hollywood
When: December 31, 2023 What: A Club Called Rhonda’s iconic New Year’s Eve party takes place beneath the disco ball ceiling at Sunset at EDITION. Enjoy sets from renowned DJs, including Carl Craig, Junior Sanchez, and Goddollars & Paradise, as you dance your way into 2024.

Holiday Ice Rink Pershing Square

Where: Downtown Financial District
When: Until January 7, 2024 What: Embrace the winter spirit in downtown LA at the Pershing Square outdoor holiday skating rink. Glide on the ice against the backdrop of skyscrapers and enjoy the festive atmosphere. Skate rentals are included with admission.

L.A. Kings Holiday Ice

Where: South Park
When: Until December 31, 2023 What: Head to L.A. Live for the annual L.A. Kings ice skating rink. Skate around the dazzling Christmas tree at the center of the outdoor rink and be enchanted by an LED holiday light show on the plaza screens.

New Year’s Eve at Skybar

Where: West Hollywood
What: December 31, 2023 What: Let Skybar at the Mondrian Hotel host your New Year’s Eve celebration. Your ticket includes a four-hour open bar and a midnight champagne toast. Enjoy panoramic views of the city from the rooftop bar while dressed in your cocktail attire.

Lightscape

Where: Arcadia
When: Until January 2, 2024 What: Immerse yourself in the second edition of Lightscape at the L.A. County Arboretum. Wander along a mile-long pathway adorned with illuminated installations and uplit trees. Capture stunning photos inside the cathedral-like light tunnel.

Pink Martini

Where: Downtown
When: December 31, 2023 What: Experience the enchanting sounds of Pink Martini at Disney Hall for a special New Year’s Eve performance. This “little orchestra” from Portland, Oregon, blends classical, jazz, pop, and international influences for a memorable musical evening.

New Year’s Eve Celebration
When: December 31 @ 8:00pm
Where: Ronald Reagan Presidential Library, 40 Presidential Dr, Simi Valley

What: Celebrate the arrival of 2024 at the 14th annual New Year’s Eve Celebration under the wings of Air Force One! Ring in the New Year at the Reagan Library, the only place to be this New Year’s Eve in Southern California. Enjoy an elaborate night of celebration, four-course served meal, and a champagne toast at midnight with all the party essentials-hats, horns, streamers, and more! Watch the ball drop and more as you welcome in the New Year.

As you plan your New Year’s Eve celebration, consider these exciting events across Los Angeles. Whether you prefer fireworks, live entertainment, or a themed party, there’s no shortage of ways to welcome 2024 in style.

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Mortgage Rate Update | December 28, 2023

Mortgage Rate Update

Mortgage rates are at their lowest point since June – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of December 28, 2023, were as follows: The 30-year fixed mortgage rate was 6.61%, down from 6.67% last week. The 15-year fixed was 5.93%, down from 5.95% last week. Rates dropped further at the end of the week. Next week’s 30-year should be close to 6.5%.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S. housing market.

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Where to Dine for NYE24 | LA Eats

When it comes to celebrating NYE24 in LA, the city offers a diverse range of dining options. Whether you’re looking for a romantic Mediterranean-inspired dinner or a lively rooftop fiesta with Latin salsa funk, LA has you covered. Here are some fantastic dining destinations for ringing in 2024:

Herb Alpert’s Vibrato Grill & Jazz

Location: Bel Air*

If you’re a fan of jazz and upscale dining, Herb Alpert’s Vibrato Grill & Jazz in Bel Air is the place to be this New Year’s Eve. Tucked away in the scenic Beverly Glen area, this jazz club and eatery promises an unforgettable celebration. This year, they offer two options: a budget-friendly pre-party from 6pm to 8:30pm, and the main NYE party featuring Gabrielito y La Verdad, a live Latin salsa funk band. The latter ticket, inclusive of tax and gratuity, includes a three-course feast starting between 9 and 10pm, along with plenty of champagne and party favors at midnight.

Price: Pre-party – $200 per person for a table, $100 per person at the bar. Party – $400 per person for a table, $300 for the bar. Drinks not included.

Reservations: Secure your spot online via Resy.

LA Cha Cha Chá

Location: Downtown Arts District

This NYE, LA Cha Cha Chá in the Arts District is hosting a heated rooftop fiesta with a live DJ, tarot card readings, and delectable passed appetizers, including tacos dorados, tamales, and tres leches cake bites. Each ticket includes a complimentary drink, your choice of a margarita or sparkling wine.

Price: $50 per person.

Reservations: Make your reservation online via OpenTable.

Crustacean

Location: Beverly Hills

For a swanky NYE experience, head to Crustacean, a contemporary Vietnamese restaurant in Beverly Hills. They’re throwing a New Year’s Eve party complete with passed appetizers, champagne, and a dessert bar. Live music and dancing will keep the night lively, and don’t forget to admire the lexiglass-covered koi pond in the entryway, a memorable feature of this dining destination.

Price: $98 per person before Dec 20; $126 per person thereafter.

Reservations: Secure your spot online via Resy.

De La Nonna/The Let’s Go

Location: Downtown Arts District

If you’re looking for a fun and budget-friendly NYE option, De La Nonna and The Let’s Go in the Arts District have you covered. For $175, you can enjoy a four-course pizza dinner and open bar at both locations. If you prefer just drinks, both spots will be open for dinner, drinks, and walk-ins. Feel free to embrace your disco attire for the evening!

Price: $175 per person plus tax and gratuity, or a la carte.

Reservations: Book your table online via Resy.

Damian

Location: Downtown Arts District

Damian, an upscale Mexican restaurant in the Arts District, offers two NYE seatings: an early menu for $120 per person and a later seating for $160. Enjoy a flavorful celebration of Mexican cuisine and ring in the New Year with style.

Price: $120–160 per person. Drinks, tax, and gratuity not included.

Reservations: Book your table online via Resy.

Cobi’s

Location: Santa Monica

For a chic and laidback NYE dinner, head to Cobi’s, a cozy Southeast Asian eatery in Santa Monica. Their lush, heated patio and antique-decorated interiors provide the perfect backdrop for a memorable meal. Expect a one-night-only multi-course seafood tasting menu with a vegetarian option, featuring delicious dishes like curry puffs, grilled oysters, and Singapore-style soft-shell crab curry.

Price: $95 per person plus beverages, tax, and gratuity.

Reservations: Secure your spot online via Resy.

Cassia

Location: Santa Monica

Bryant Ng’s Cassia, an Southeast Asian-inspired farm-to-table restaurant, is offering a New Orleans-inspired prix-fixe family-style menu for NYE. Highlights include “Muffuletta” turnip cake, spicy crawfish and scallop étouffée, and spicy lamb frites with cumin shoestring fries. Enjoy French wines and Big Easy-inspired cocktails to complete your dining experience.

Price: $110 per person. Drinks, tax, and gratuity not included.

Reservations: Book your table online via Resy.

Yangban

Location: Downtown Arts District

For a laidback holiday dinner with a Korean American flavor, Yangban in the Arts District offers a family-style spread for New Year’s Eve. Enjoy wood-grilled sea bream, shima aji tostada with creme fraiche and charred cucumbers, and rice cake “tteok” with kimchi cream and Parmesan cheese. Champagne, caviar, black truffles, and steak supplements are also available.

Price: $125 per person. Drinks, tax, and gratuity not included.

Reservations: Secure your spot online via OpenTable.

Here’s Looking At You

Location: Koreatown

Koreatown’s Here’s Looking at You is serving a special ten-course dinner on New Year’s Eve, offering early (6pm) and late (8:30pm) seatings. Enjoy new dishes like roasted abalone with lion’s mane mushrooms, kraut bao with cabbage and horseradish, and champagne Jell-O with persimmon, pomegranate, and creme fraiche.

Price: $110 per person. Drinks, tax, and gratuity not included.

Reservations: Book your table online via OpenTable.

Botanica

Location: Silver Lake

For a vegetarian-friendly NYE celebration, head to Botanica in Silver Lake. They’re throwing a “Feast of the Seven Vegetables,” a tongue-in-cheek twist on the Italian Christmas Eve feast. Highlights include beets with horseradish and salted plum, celeriac lasagna, and a carrot tarte tatin. A vegan menu is also available with advance notice.

Price: $115 per person plus tax and gratuity.

Reservations: Secure your spot online via Resy.

Crossroads

Location: Melrose

Crossroads, an award-winning vegan fine-dining restaurant, offers a plant-based New Year’s Eve dinner menu at both its Melrose and Calabasas locations. Indulge in a six-course meal, including a celebratory kelp caviar-topped potato rosti and your choice of eggplant short rib or porcini mushroom tortelli. Finish with a delicious dessert, such as a brownie sundae or chocolate hazelnut torte.

Price: $95 per person. Drinks, tax, and gratuity not included.

Reservations: Book your table online via Sevenrooms (Calabasas) or Yelp (Melrose).

Saltie Girl

Location: West Hollywood

For a seafood-focused NYE dinner, Saltie Girl on the Sunset Strip offers a four-course tasting menu. You’ll also enjoy surprise bites and mignardises from the culinary director and pastry chef. An abbreviated regular menu will be available as well.

Price: $150 per person. Drinks, tax, and gratuity not included.

Reservations: Book your table via Resy.

Le Champ

Location: Downtown Arts District

For a laidback New Year’s Eve dinner, visit Le Champ, an outdoor wine bar in the Arts District. They’re serving a vegan-friendly seven-course tasting menu with a champagne toast to finish. Highlights include Dungenesse crab royale, camembert with black truffles, and chestnut porcini ravioli.

Price: $100 per person for the vegan menu, $125 for regular. Drinks, tax, and gratuity not included.

Reservations: Secure your spot via Resy.

Baar Baar LA

Location: South Park

Baar Baar LA showcases modern South Asian cuisine in an elegant Downtown dining room. For NYE, they offer a three-course early seating (5-7:30pm) for $65 per person and a later five-course seating (8-10pm) for $125 per person. Both options include dessert and a champagne toast at midnight, along with Bollywood beats and party favors.

Price: $65–125 per person.

Reservations: Book via OpenTable.

Cento

Locations: West Adams

Cento, a sleek pasta bar in West Adams, offers 9:30pm and 10pm seatings for a NYE dinner featuring four signature courses. Expect mouthwatering dishes, including their crowd-favorite beet spaghetti, while dining at the chef’s counter or on the charming string-lit heated patio.

Price: $125 per person. Drinks, tax, and gratuity not included.

Reservations: Secure your spot online via OpenTable.

The Little Door

Location: West Third Street

For a romantic NYE, The Little Door along West 3rd Street is the perfect choice. Enjoy a three-course Mediterranean-inspired menu with accommodations for vegans and vegetarians. Seatings run from 6 to 11pm, allowing you to choose between an early dinner or spending midnight in bed.

Price: $125 per person. Drinks, tax, and gratuity not included.

Reservations: Book via Tock.

Angelini Osteria

Location: Fairfax District

Angelini Osteria, an excellent Italian restaurant in Fairfax, offers a choose-your-own-adventure prix-fixe meal for NYE. Each appetizer and main course section includes a variety of options. The meal starts with a traditional Umbrian pork sausage and lentil dish for good luck in the coming year. Wine lovers can enjoy half-bottles of King Grand Cuvee for $90, along with a $55 three-glass pairing option.

Price: $125 per person plus tax and gratuity.

Reservations: Secure your table online via OpenTable.

Camphor

Location: Downtown Arts District

Visit the Michelin-starred Arts District bistro, Camphor, for a prix-fixe four-course NYE menu. Enjoy dishes like mackerel crudo, duck “en farcie,” and a complimentary champagne toast. The vegetarian-friendly menu also offers add-on options like truffle and caviar.

Price: $275 per person plus beverages, tax, and gratuity.

Reservations: Book online via Resy.

Bicyclette

Location: Beverly Hills

Walter and Margarita Manzke’s traditional French bistro, Bicyclette, offers a four-course NYE menu highlighting seasonal ingredients and signature favorites from their regular menu. Options for vegetarians and pescatarians are available. Note that there is a table limit for parties of two or more.

Price: $225 per person plus beverage, tax, and a 20% service fee.

Reservations: Pre-pay and book online via OpenTable.

Gwen Butcher Shop & Restaurant

Location: Hollywood

Celebrate NYE at Gwen, the newly Michelin-starred steakhouse by celebrity chef Curtis Stone. They offer an eight-course tasting menu for both early and late seatings. Indulge in a culinary journey with caviar-topped oysters, dry-aged beef tartare, scallops, duck, Wagyu ribeye, and a delightful dessert selection.

Price: Early – $180 per person; Late – $280. Drinks, tax, and gratuity not included.

Reservations: Secure your spot online via Resy.

Manzke

Location: Beverly Hills

For a lavish NYE experience, Manzke, the Michelin-starred upstairs counterpart of Bicyclette, offers an extravagant tasting menu. Expect opulent dishes featuring Rodolphe Le Meunier butter, freshly caught California seafood, and award-winning pastries by Margarita Manzke.

Price: $495 per person plus beverage, tax, and a 20% service fee.

Reservations: Pre-pay and book online via Tock.

Pasjoli

Location: Santa Monica

Pasjoli, a traditional French eatery in Santa Monica, presents a special prix-fixe menu for both early and late seatings. The late seating includes a midnight champagne toast and extra foie gras brioche. Enjoy a culinary journey featuring caviar, bread and butter, salad classique, gnocchi parisienne, prime rib au jus, and more.

Price: Early – $225 per person; Late – $275 plus person. Tax and gratuity not included.

Reservations: Secure your table online via OpenTable.

Redbird

Location: Downtown Historic Core

Redbird, located in the heart of Downtown, offers a three-course prix-fixe NYE dinner with optional wine pairings. Enjoy a variety of delectable dishes, including artichoke soup, oysters, hamachi sashimi, lobster ravioli, and more. Finish your meal with a mouthwatering dessert.

Price: $195 per person. Tax and gratuity not included.

Reservations: Book via OpenTable.

n/soto

Location: Mid City

Niki Nakayama and Carole Iida-Nakayama’s West Adams izakaya, n/soto, presents a seven-course tasting menu inspired by traditional Japanese osechi for NYE. Enjoy highlights like toro and caviar tartare, grilled American Wagyu, and red bean panna cotta. Please note that this dinner cannot accommodate vegetarians, vegans, or soy-free dietary restrictions.

Price: $165 per person. Drinks, tax, and gratuity not included.

Reservations: Secure your spot online via Resy.

République

Location: La Brea

République, Walter and Margarita Manzke’s original Californian French eatery, offers a multi-course tasting menu for NYE. Expect seasonal produce, high-quality meat, and seafood, with a hint of winter truffles. (Note: Vegans cannot be accommodated at République at the moment.)

Price: $160 per person. Drinks, tax, and gratuity not included.

Reservations: Book your table online via OpenTable.

Mélisse

Location: Santa Monica

Chef Josiah Citrin’s two Michelin-starred Santa Monica fine-dining restaurant, Mélisse, offers a two and a half hour tasting experience on NYE. Enjoy whimsical hors d’oeuvres, gourmet meat, seafood, and more.

Price*: $475 per person plus tax and gratuity 

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The Top Tips for Organizing Your Kitchen | Home Tips

Any home chef worth their salt knows that organization is key to a successful kitchen experience. When you have a cluttered and disorganized kitchen, it can make the cooking process more difficult, frustrating, and time-consuming. If you’re looking for ways to transform your kitchen into an organized haven, read on for some quick tips. 

Declutter and Downsize 

The best way to get your kitchen organized is by decluttering and downsizing. Start by going through all of your cabinets and drawers to remove any items that are no longer needed. You should also take this time to get rid of any duplicate items, such as pots, pans, or utensils. Once you’ve gotten rid of everything, you don’t need it will be much easier to reorganize what’s left. 

Create Zones 

Once your kitchen is decluttered and downsized, it’s time to create zones for different types of items. For example, dedicate one area for baking items and another area for food preparation. This way, everything has its own place, making it easy to find items quickly. 

Maximize Space with Storage Solutions 

When creating the perfect organized kitchen, it’s important to maximize space with storage solutions. Consider adding shelves above the countertop or inside cabinets so that items can be stored vertically instead of taking up valuable counter space or drawer room. You can also purchase small containers that can fit perfectly inside drawers so that cutlery, like spoons, forks, knives, etc., are all in one place instead of scattered around different areas of the drawer.  

Organizing your kitchen doesn’t have to be a daunting task when you break it down into smaller steps like decluttering, creating zones, and maximizing space with storage solutions! With these tips in hand—and some elbow grease—you can turn even the most disorganized kitchen into an organized haven! Good luck transforming your space!

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From Apple VR to Waymo and More! | Tech News

It’s time for our weekly wrap-up of the latest tech news. From Apple VR to Waymo and more, we have you covered. Check out this week’s blog of tech news from around the globe.

Warner Bros. Discovery and Paramount Consider Potential Mega-Merger

Warner Bros. Discovery is considering a merger with Paramount, as reported by Axios. David Zaslav, CEO of Warner Bros. Discovery, and Paramount CEO Bob Bakish recently met at Paramount’s Times Square headquarters to discuss how their companies could synergize, potentially combining streaming services Max and Paramount Plus to better compete with Netflix and Disney Plus. Discussions also involved Shari Redstone, head of Paramount’s parent company, National Amusements. It’s unclear if Warner Bros. Discovery might acquire Paramount or National Amusements, with both possibilities open. The Federal Trade Commission has not commented on this potential merger. If realized, this merger would further consolidate the entertainment and streaming market, following Warner Bros. Discovery’s major merger with Discovery last year.

 

Apple Allegedly Set to Unveil Vision Pro by February

Apple’s Vision Pro headset, announced for an early next year release, may launch as soon as February, according to Bloomberg’s Mark Gurman. This high-end device, priced at $3,499 and likely available in limited supply, won’t have a separate launch event. Preparing for its market debut involves training Apple Store employees to assist with user guidance, fit adjustments, and prescription lens options. The launch marks the introduction of a new hardware platform and the accompanying visionOS software, with an update expected in 2024 alongside other Apple software releases. Significantly, the recent iOS 17.2 release enables the iPhone 15 Pro to record 3D spatial videos, viewable in full detail only with a compatible headset like the Vision Pro.

How Does Waymo’s 7.1 Million Miles of Driverless Driving Measure Up Against Human Drivers?

Waymo’s analysis of 7.13 million fully autonomous miles driven indicates that its driverless cars are significantly safer than human drivers, being 6.7 times less likely to be involved in injury-causing crashes and 2.3 times less likely in police-reported crashes. This data comes amid skepticism and safety concerns in the autonomous vehicle (AV) industry, highlighted by recent incidents involving competitors like Cruise. Waymo’s approach, including adjustments for driving conditions and comprehensive safety analysis, positions it distinctively in the AV field. The company emphasizes the role of driverless cars in reducing traffic fatalities, supported by data showing a drastic reduction in bodily injury claims compared to human drivers. Despite these findings, experts caution that more extensive data is needed for a conclusive safety comparison between AVs and human drivers.

PlayStation 5 Sales Exceed 50 Million Units

Sony announced a significant milestone for the PlayStation 5, revealing that 50 million units have been sold since its launch in late 2020. This rapid increase in sales, up from 40 million units reported in July, can be attributed to improved availability following earlier supply chain issues. Jim Ryan, President and CEO of Sony Interactive Entertainment expressed gratitude towards the PlayStation community and highlighted that this is the first holiday season since the PS5’s launch with a full supply of consoles. This positions Sony well on its path to achieving its target of shipping 25 million consoles by March 2024.

 

Apple Introduces Roadside Assistance Feature for iPhone’s Satellite System

Apple has expanded its satellite connectivity services for iPhone 14 and iPhone 15 users. The service now includes access to Verizon’s roadside assistance service. This service, run by Allstate’s Signature Motor Club, provides various car trouble solutions. Likewise, this includes towing, winching, fuel delivery, and more. This addition complements Apple’s existing satellite roadside assistance collaboration with AAA. The inclusion of Verizon’s service provides additional options for users needing assistance in remote areas or without AAA membership.

 

Volkswagen, Porsche, and Audi Announce the Adoption of Tesla’s EV Charging Plug Standard

Volkswagen Group, which includes Audi, Porsche, and Scout Motors, has announced its plan to adopt Tesla’s EV charging standard. VW is exploring adapter solutions to allow its current EV owners access to Tesla’s Supercharger network. Rollout is expected by 2025. From that year, new VW electric vehicles will be equipped with Tesla’s charging port. This move grants VW customers access to 15,000 Supercharger locations in North America. Tesla began opening its Superchargers to non-Tesla EVs in Europe and later in the U.S. Tesla’s Supercharger network is known for its reliability, boasting a 99.95 percent uptime last year. 

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Mortgage Rate Update | December 21, 2023

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of December 21, 2023, were as follows: The 30-year fixed mortgage rate was 6.67%, down from 6.95% last week. The 15-year fixed was 5.95%, down from 6.38% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S. housing market.

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Weekend Events | December 22- December 24

Immerse yourself in the festive season from December 22 to December 24 with a variety of local events throughout the town! Enjoy everything from ice skating to seasonal pop-ups and more. Discover all the holiday excitement awaiting you this weekend!

Los Angeles Weekend Events | December 22 – December 24 

‘Home Alone’ in Concert

When: December 22 

Where: Downtown LA

What: Elevate your holiday film marathon by securing tickets to the exclusive showing of “Home Alone” at the Walt Disney Concert Hall. Experience this timeless classic with a live performance of John Williams’s iconic score by the Los Angeles Philharmonic, masterfully conducted by David Newman. This event promises an unforgettable, immersive cinematic journey.

Holiday Ice Rink Pershing Square

When: Until January 7

Where: Pershing Square

What: In Los Angeles, a city not usually associated with winter festivities, an enchanting transformation occurs when an ice skating rink is set up amidst the towering skyscrapers of Downtown. This urban winter wonderland invites you to glide across the ice at Pershing Square’s open-air holiday rink. Imagine soft snow underfoot as you skate, with the convenience of included skate rentals. Additional amenities like lockers and skating aids are available for a nominal fee, enhancing your festive experience.

L.A. Zoo Lights

When: November 17, 2023 – January 7, 2024 

Where: L.A. Zoo

What: This holiday season, the L.A. Zoo will extend its hours into the evening on most nights through January, presenting a charming twist on its luminous holiday tradition. For its 2023 edition, L.A. Zoo Lights will feature new sculptures and introduce “Winter Wildlands,” an area inspired by animals that thrive in snowy environments.

Westside and Beach Communities Weekend Events | December 22 – December 24  

East Comes West Dinner Series

When: Until January 13 

Where: Santa Monica

What: If you’re based on the Westside and crave the taste of the city’s top restaurants without the freeway hassle, you’re in luck! This winter, the Santa Monica Proper introduces a new weekend dining series at the Siete restaurant space, previously Gabriela Cámara’s Onda. Indulge in exclusive tasting menus by Otoño (Dec 21–22) and Alimento (Jan 12–13). Each set menu includes options for each course, complemented by optional beverage pairings.

Long Beach Nutcracker

When: December 16 – December 23 

Where: Long Beach

What: The Nutcracker by the Long Beach Ballet stands out as a unique rendition of the holiday classic in the area, notable for its incorporation of a live full orchestra, along with the addition of a real horse, a flying sleigh, and dazzling pyrotechnics. While the timeless tale remains unchanged, this production consistently goes above and beyond to deliver an enthralling and spectacular experience for its audiences every year.

For the Record: Love Actually Live

When: Until December 30 

Where: Beverly Hills

What: Between late November and the conclusion of December, the cherished musical series, For the Record, brings forth a stage production inspired by the globally adored holiday film, Love Actually. Transforming the Wallis Annenberg Center for the Performing Arts in Beverly Hills into a festive winter backdrop, the show employs a multimedia set, a live orchestra, and songs from the movie to reenact the intertwining love stories featured in the film.

San Fernando Valley Weekend Events | December 22 – December 24 

THE MAIN THING ABOUT THE HOLIDAYS

When: December 22 

Where: The Main | 24266 Main Street Santa Clarita

What: HE MAIN THING ABOUT THE HOLIDAYS, a celebration of the season brought to you by Active Voice Productions. Hosted by internationally acclaimed humorist and story-teller Dylan Brody, this evening brings laughter, song, and story to the stage. Expect comedy from Brenda Pontiff and Al Bahmani, story from Alex Stein, music from Robert Morgan Fisher and MORE! Brody as host keeps the show moving at pace, offering song, story, and humor of his own along the way. This show will leave you and your family grinning, chuckling and then reminiscing about your own memories of holidays for days you leave the theater. General Admission is $10.

 

Border Kindness Fundraiser & C.A.S.A. Toy Drive

When: December 23 

Where: Reptacular Animals Ranch

What: “Reptacular Ranch” is organizing an event where all proceeds will be dedicated to supporting immigrant refugees at the southern border.

VALLEY RELICS MUSEUM EXPERIENCE

When: Every Saturday and Sunday

Where: 16781 Stagg Street Hangar C3 & C4 | Van Nuys

What: Visit the Valley’s beloved Museum of Pop Culture this weekend! The Valley Relics Museum invites you to join them for a day full of nostalgia and fun. Their one-of-a-kind museum.

 

Conejo Valley Weekend Events | December 22 – December 24   

Jingle Bell Jog 5K/10K Run/Walk at Dos Vientos in Newbury Park

When: December 23, 8:30am – 11:45am

Where: 4801 Borchard Rd | Thousand Oaks

What: The Jewel Levine Foundation presents the Jingle Bell Jog at Dos Vientos 5K/10K Run/Walk on Saturday, December 23, 2023. Event starts and ends at Dos Vientos Community Park, 4801 Borchard Road, Newbury Park. and takes place in and around the streets of the Dos Vientos section of Newbury Park. 10K starts at 8:30am; 5K at 8:45am.

 

Holiday Road

When: November 24 – December 27

Where: Santa Monica Mountains

What: Wander through King Gillette Ranch as it transforms into a luminous wonderland during Holiday Road, where the Santa Monica Mountains provide a picturesque backdrop. This event, brought to you by the creators of Nights of the Jack, features a nearly mile-long walking trail adorned with holiday charm. Experience a mesmerizing display of festive decorations, including a canopy of icicle lights amidst the treetops, a quaint Christmas village, large standalone ornaments, and archways twinkling with lights. While you’re there, don’t miss the food trucks and a holiday-themed bar for an extra touch of seasonal delight.

 

Wild Lights and Ocean Nights at America’s Teaching Zoo

When: December 22 through December 23 

Where: 7075 Campus Rd, Moorpark

What: This holiday season, America’s Teaching Zoo transforms into a festive wonderland with its WILD LIGHTS & OCEAN NIGHTS event. Guests are invited to a 45-minute self-guided tour through the zoo, adorned with dynamic lights, interactive experiences, and photo opportunities. Highlights include the ‘Under the Sea’ experience at Rajah’s Retreat, the ‘Illuminated Jungle’ with a ‘Glow in the Dark Garden,’ and a grand 12-foot-tall Holiday Tree near Santa’s Workshop.

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