7:29 PDT, Tuesday January 6, 2009

Notes from LA

“It’s a great place to live, but I wouldn’t want to visit there.” —Will Rogers

Caruso out, Villaraigosa missing

Rick Caruso will not run for mayor this time around:

…while I am genuinely grateful for all the encouragement I have received from people all over this city to run for mayor and the confidence they put in me, I have decided that the obligation of serving as mayor would put a burden on my family that is too much at this point in their lives and, as a result, I will not be a candidate in the upcoming campaign for mayor. Having worked closely with Mayors in the past, I understand the commitment necessary to properly fill that role, and it is not the right time for me to commit myself wholly to the City at the expense of my family, particularly my young children…

Yesterday, Mayor Villaraigosa made formal his bid for re-election. Today, he’s in Chicago, meeting with President-elect Barack Obama as a member of Obama’s Transition Economic Advisory Board — a group described as “experts on the economy” and whose members include Warren Buffett and several former Treasury Secretaries.

Memo to Mr. Obama.