Santa Barbara County News and Events

Los Angeles 2028 organizers promise affordable Olympic tickets amid World Cup controversy

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By Ben Church, CNN

(CNN) — Organizers of the Los Angeles 2028 (LA28) Summer Olympics have promised that there will be affordable tickets for the Games that start in less than three years time.

On Monday, LA28 announced fans would be able to register for tickets from January 14, 2026 and that at least one million would be priced at $28, according to Reuters.

“Every sport starts at $28 and that’s not just lip service to a couple tickets in the corner of some venue, but a meaningful number of tickets,” said Allison Katz-Mayfield, LA28’s senior vice president of Games delivery revenue, per Reuters.

“We’re looking at at least a million tickets at $28 and we’ve got about a third of our tickets under $100.”

After fans register on January 14, they will enter into a random ticket draw and hope to receive a time slot in which to purchase tickets later in 2026.

FIFA World Cup criticism

LA28’s decision comes amid widespread criticism of soaring ticket prices for next year’s FIFA World Cup.

Global soccer governing body FIFA launched its third phase of ticket sales last week, with fans discovering the cheapest seat for the final would cost them more than $4,000.

Amid the backlash, FIFA said five million ticket requests were made in the first 24 hours of the third phase being launched and confirmed it would reinvest the revenue it generates “to fuel the growth of football.”

FIFA, though, had also promised it would be an affordable World Cup for fans, so many Olympic enthusiasts might wait to see a confirmed list of prices for LA28 before getting too excited.

CNN Sports has reached out to LA28 for comment about when a confirmed list of prices will be made available but has not yet received a reply.

Los Angeles has already hosted two Olympics, in 1932 and 1984, with venues for the latest edition laid out across the sprawling city.

The next Summer Olympics will begin on July 14, 2028 with the opening ceremony and will run until July 30, 2028. The Paralympic Games will begin on August 15, 2028 and close on August 27, 2028.

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Las 5 cosas que debes saber este 16 de diciembre: diáspora venezolana, Nick Reiner, izquierda en América Latina, oro ilegal

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CNN en Español

Detienen al hijo de Rob Reiner tras la muerte del cineasta y su esposa. La izquierda pierde terreno en América Latina. El alcance de la economía del oro ilegal en la región. Esto es lo que debes saber para comenzar el día. Primero la verdad.

Millones de venezolanos en la diáspora mantienen el amor y la esperanza por su país, pero ven lejano el regreso. Tras años de exilio, muchos han echado raíces en EE.UU. y otros países de América, y creen que ni un cambio de Gobierno bastaría: la reconstrucción social, económica y moral de Venezuela tomaría décadas.

Wind Advisory issued December 16 at 3:19AM PST until December 16 at 10:00AM PST by NWS Los Angeles/Oxnard CA

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* WHAT…Northeast winds 15 to 30 mph with gusts to 45 mph.

* WHERE…San Luis Obispo County Mountains and Santa Lucia Mountains.

* WHEN…Until 10 AM PST this morning.

* IMPACTS…Gusty winds will blow around unsecured objects. Tree
limbs could be blown down and a few power outages may result.
Winds this strong can make driving difficult, especially for high
profile vehicles. Use extra caution.

The post Wind Advisory issued December 16 at 3:19AM PST until December 16 at 10:00AM PST by NWS Los Angeles/Oxnard CA appeared first on News Channel 3-12.

SBA 7(a) loans explained: Benefits, eligibility, and how to apply

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An SBA loan application form being filled out.

Kilmer Media // Shutterstock

 

Growth requires capital. Whether you’re expanding facilities, acquiring a competitor or building a stronger balance sheet for the next quarter, businesses need a strong financing strategy to fund major moves.

But when it’s time to secure funding, many businesses overlook one of the most flexible tools available, the SBA 7(a) loan.

Designed to help businesses access capital on favorable terms, SBA 7(a) loans can cover everything from working capital to real estate. And they’re not just limited to new business development; they’re built to help even established companies finance business acquisitions, partner buyouts, financing for expansion, equipment or construction. All while preserving liquidity.

In this article, Comerica explains how SBA 7(a) loans work, who qualifies and how Comerica, as a National SBA Preferred Lender, helps businesses navigate the process with confidence. For context, in 2024, the SBA supported over 103,000 loans totaling $56 billion.

Key takeaways:

  • SBA 7(a) loans offer flexible, long-term financing for acquisitions, expansions, real estate and working capital.
  • 90% of U.S. businesses qualify, making SBA financing far more accessible than many owners expect.
  • Comerica’s Preferred Lender status accelerates the process, providing faster decisions and tailored guidance for business growth.

What is an SBA 7(a) Loan?

The SBA 7(a) Loan Program is the U.S. Small Business Administration’s primary business lending program. The SBA does not lend directly; instead, it guarantees a portion of the loan made by a bank such as Comerica.

The SBA guarantee gives businesses access to financing that may be harder to secure through a conventional loan structure, especially when they want longer terms, lower down payments or a more flexible approach to collateral.

How SBA 7(a) loans are structured:

  • Maximum loan amount: Up to $5 million.
  • Typical terms:
  • Up to 10 years for working capital, business acquisition, partner buyout, business expansion, construction and equipment
  • Up to 25 years for real estate.
  • Repayment: Monthly principal and interest payments, supported by business cash flow.
  • Rates: Based on Prime plus an allowable SBA spread.

With an SBA guarantee in place, more businesses can qualify for financing.

What can an SBA 7(a) loan be used for?

SBA 7(a) loans are intentionally broad. The program is built to support the full range of growth actions a business might make.

Here are common ways owners put financing to work:

Business expansion and acquisition

  • Finance a merger or purchase of another company to grow market share.
  • Support partial or full ownership changes (a recognized use under SBA guidelines).

Real estate and facility improvements

  • Purchase, build or renovate owner-occupied facilities.
  • Combine real estate and eq

NBA Cup faces pressure to terminate its partnership with Emirates over UAE’s alleged role in Sudan crisis

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By Aditi Sangal, CNN

(CNN) — Multiple human rights organizations are petitioning the National Basketball Association (NBA) to drop Dubai’s government-owned Emirates airline as a sponsor of the league’s in-season tournament, the Emirates NBA Cup, due to allegations of sportswashing.

“The NBA is letting itself be used as a pawn to distract people from what the UAE is doing in the world. This partnership is not innocent – it is sportswashing and it hides the suffering of millions of Sudanese people behind a trophy,” the Speak Out On Sudan petition, which is co-sponsored by 14 organizations, says on its website.

The United Arab Emirates (UAE) has repeatedly denied that it is playing any role in Sudan’s civil war, particularly accusations that it provides military, financial and logistical support to the paramilitary Rapid Support Forces (RSF), which has been accused of crimes against humanity by a number of human rights organizations.

Sportswashing is the practice of a government or organization supporting sports or organizing sports events to enhance its reputation. The term was popularized by the Sport for Rights campaign in 2015.

After years of strategic planning, the NBA developed an in-season tournament to drum up excitement among fans ahead of the marquee Christmas fixtures and make the entirety of the marathon 82-game season more relevant to viewers. It was not sponsored for its first edition in 2023 but has subsequently been named after international airline Emirates over the last two seasons.

The UAE wants to project a modern image and invests a lot of money into curating that brand while it faces accusations of complicity in atrocities in Sudan, said Jeremy Konyndyk, president of Refugees International, the organization that is leading the Speak Out On Sudan petition in collaboration with Sudanese groups and leaders.

The NBA and Emirates airline did not respond to CNN’s request for comment.

The NBA Cup final takes place at 8:30 p.m. ET Tuesday between the New York Knicks and San Antonio Spurs in Las Vegas.

What is happening in Sudan?

For nearly three years, the Sudanese Armed Forces (SAF) and the paramilitary RSF have viciously competed for territory. In January this year, the United States accused the RSF militia of committing genocide. Later, in a case at the International Court of Justice, Sudan’s acting justice minister, Muawia Osman, alleged that the RSF had “the support and complicity” of the UAE.

The UAE has been repeatedly accused of supplying weapons to the RSF. The UAE has vehemently denied the allegations, even though an expert panel appointed by the United Nations Security Council said last year they were “credible.”

Earlier this year, top members of the US Senate Foreign Relations Committee called for the RSF to be official

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