First Lady Michelle Obama, Last Visit to LA

Lunch with First Lady Michelle Obama at the home of Will Smith and Jada Pinkett Smith in Calabasas, CA Save the date: October 25th, 2012 $40,000 per couple: greet + photo opportunity + luncheon $10,000 per couple: photo opportunity + luncheon $2,500 per individual: luncheon

Barack Obama Concert in Los Angeles

I had an incredible time with my good friend and fellow Beverly Hills Chamber Ambassador Fauna Hodel during the Obama concert, which took place yesterday at the Nokia Theatre in downtown Los Angeles. Such an amazing atmosphere!

Economic Overview, Summer 2011

Whittier Trust’s quarterly economic commentary and a graph of the Standard & Poor’s 500 Index with annotations of significant events is attached below. The trends we have highlighted in our commentary include a first quarter economic growth of 1.9%, which was less than had been expected, a persistently high unemployment rate of 9.2%, and volatile, but essentially flat, second quarter stocks.

Economic Overview, Spring 2011

The US stock market was strong in the first quarter (Q1), returning 5.9% as measured by the Standard & Poor’s 500 Index. The Dow Jones Industrials did even better, earning 6.1%. Non-US stocks lagged, as the EAFE Index of developed countries gained 3.5% and emerging nations rose 2.2%. Bonds had very modest results due to rising interest rates. The Barclays Aggregate Bond Index returned 0.4%.