johnson

Ernie Johnson, the bow-tie-wearing, peace-keeping host of “Inside the NBA,” is leaving the show after 37 years.

“It’s just time,” the 70-year-old broadcaster said in a video posted Wednesday on social media.

“So why now? Total honesty here. I’ve always prided myself on my preparation, the hours I put in every day getting ready for the next show. I’ve always loved that part of my job, but I’ve always vowed that if that ever became more of a challenge than it is a joy, then I’ll know it’s time to step away. And now, after 37 seasons, it’s time.”

“Inside the NBA” started on TNT in 1989, and Johnson became host the following season. Over the years, he was joined by analysts Kenny Smith (1998), Charles Barkley (2000) and Shaquille O’Neal (2011) in a lineup that has become beloved to generations of basketball fans — so much so that the show switched over to ESPN when TNT lost its NBA rights.

“Few people have shaped the way fans experience the NBA as profoundly as Ernie Johnson,” NBA commissioner Adam Silver said in a statement. “His brilliance as a broadcaster is matched by his character, compassion and generosity, which have been evident throughout his 37 years as host of ‘Inside the NBA.’ We are grateful for Ernie’s extraordinary impact on our league and look forward to celebrating him during his final season.”

Johnson repeated his announcement to open the crew’s appearance on ESPN’s “NBA Tip-Off” on Wednesday, then asked a clearly emotional Barkley how he was doing.

“That was tough,” Barkley said. “We knew the day was coming — still tough. Been here for 26, 27 years, and it’s been an honor and a privilege to work with you all this time, and Kenny and Shaq and the amazing people behind the scenes. …

“It’s been an amazing journey. You’ve been our leader. Our unquestionable leader. The question I’m asked the most … is, is Ernie Johnson as good a person as he seems? And I say, man, he’s better than that. So I just want to say thank you. Thank you for being our leader for all these years. … All I can say, Ernie, is thank you.”

Smith gave Johnson a standing ovation, and O’Neal said Johnson was the reason he joined the crew.

“You are the controller of this thing people call the circus — the best circus in town, but without you, it’s going to be very, very difficult,” O’Neal said. “Chuck made a great point. All we can say is thank you, and we appreciate you. We’re gonna miss you, and we will see you around, but thanks for the great run.”

In a video posted on X, Golden State Warriors forward and frequent “Inside the NBA” guest Draymond Green perfectly summed up Johnson’s role on the show.

“He is the best point guard I’ve ever played with — that’s no disrespect to the great Steph Curry,” Green said in a video posted Wednesday on X. “Ernie Johnson on a set is as incredible as they come. He sees everything. He’s like, ‘Man, this guy hasn’t spoke for a while. Let me toss it to him. Man, this conversation is going off the rails a little bit’ — as it can on that show — ‘let me rein it back in.’ … This guy is amazing.”

Johnson also shared that he’s been dealing with “heart issues” for almost two years, including undergoing bypass surgery two months ago, and that it was a “contributing factor” in his decision.

“Still trying to get this thing to beat exactly the way it should, and we’re getting it,” Johnson said. “I mean, I feel great. So this isn’t a case where my doctor said you need to stop working. It’s nothing like that. But here’s the deal: Going through that has made me treasure even more every second with my amazing wife of 44 years, Cheryl Ann, and being Poppy to our five grandchildren. So I just want to slow down a bit, spend more time enjoying that.

“Just to be clear, I’m not retiring; just cutting back. I’ll still do March Madness and other projects for TNT and CBS, and I’ve just started a new production company called 32 Bowties, geared toward telling feel-good stories in sports. So this is by no means the end. It’s just a turning of the page.”

In February, after getting served with subpoenas in a federal criminal investigation, the billionaire sports mogul Mark Walter’s insurance companies abruptly stopped lending to him.

But within weeks, new loans started rolling in from a different source: a financial firm whose owners include his business protege, basketball legend Earvin “Magic” Johnson.

Amistad Financial Group, a holding company that counts Johnson as a board member and minority shareholder, loaned about $1.26 billion to Walter’s companies between March and June of this year, according to a Bloomberg News review of business records and a person with knowledge of the activity who asked not to be identified discussing sensitive matters. Another $1.06 billion went to intermediaries that routinely serve as conduits for loans to Walter.

The combined $2.31 billion of lending, which hasn’t been reported previously, highlights the way Walter relies on debt to fund his business empire, and Amistad’s role. Even before this year, the firm’s insurance units had provided billions of dollars of loans to Walter affiliates, filings show. It also acted as an intermediary to help him tap loans from his own insurers, Bloomberg reported previously – transactions that are now part of the federal investigation.

Walter himself owns a single-digit voting stake in Amistad but doesn’t control it, participate in its management or sit on its board, according to a person familiar with its operations.

Representatives for Walter’s TWG Global holding company and for Johnson did not respond to messages seeking comment.

A former point guard who led the Los Angeles Lakers to five National Basketball Association championships, Johnson has described Walter as a business mentor. They have done deals with each other for more than a decade, including Johnson’s participation in the Walter-led purchase of the Los Angeles Dodgers baseball team. Johnson doesn’t serve on Amistad’s three-person executive committee, and it’s unclear whether he was involved in or aware of the lending decisions. Some of Amistad’s insurance units are led by Eric Holoman, Johnson’s former business manager.

The federal investigation, being pursued in parallel by the U.S. Department of Justice and the Securities and Exchange Commission, focuses on Walter’s insurance companies’ failure to disclose that more than $20 billion of loans on their books went to his other businesses.

The recent lending came from two Amistad subsidiaries, Equitrust Life Insurance Co. and Heritage Life Insurance Co. It’s unclear whether Amistad executives were aware of the investigation when the loans were made. Walter’s insurers disclosed the subpoena in a regulatory filing on June 26, but the filing did not get much attention until Bloomberg News reported on it in July. Information about lending activity after June 30 won’t be disclosed until next month.

Walter is now scrambling to reduce debts to his own insurance companies, Delaware Life Insurance Co. and Clear Spring Life and Annuity Co., in part to assuage concerns from ratings agencies about the scale of affiliated lending. He has agreed to sell the Lakers at a $12.5 billion valuation to free up cash and proposed a $6.5 billion debt swap with Delaware Life. This week, the insurer said it had regulatory approval to proceed with part of that, swapping $3.8 billion.

Because he doesn’t legally control Amistad, Walter is under no such pressure to reduce his reliance on its money.

His ties to Amistad are deep. Its official corporate address is the Chicago office suite that houses Walter’s family office. Walter’s financial firm, Guggenheim Partners, serves as an investment manager for both Equitrust and Heritage Life.

Walter’s brother-in-law serves as president of Heritage Life. Walter used to control Equitrust when it was owned by Guggenheim. He sold it to Johnson in 2015, and Johnson sold it to Amistad last year.

Recipients of the new Amistad loans include a company through which Walter holds his stake in used-car seller Carvana Co., and another containing his interest in the Billie Jean King Cup, the women’s tennis competition that he has backed since 2023. The destination for most of the money wasn’t clear from regulatory filings.

New LLCs

The federal investigations revolve around how Walter’s insurers came to lend so much money to his other businesses without disclosing the arrangement to their regulator, the Delaware Department of Insurance, as required. As of the end of last year, the amount of money they had invested in affiliates was $24 billion, or about 45% of the companies’ total invested assets.

Much of the money was routed to loans for newly created limited liability companies with no public profile. These LLCs were created by Amistad and other intermediaries, which in turn sent the money back to Walter.

In January and early February of this year, that lending arrangement continued, with Delaware Life loaning $730 million to newly formed LLCs that then sent the money to Walter’s other businesses, regulatory filings show. That stopped after the U.S. Attorney’s Office in Manhattan sent the grand jury subpoenas.

But in March, Amistad’s Equitrust sent $500 million to 10 LLCs. These borrowers had been formed days earlier by Federico Hermida, a Miami-based executive at ABS Capital Co., a longtime business partner of Walter’s that has often served as an intermediary in deals between Walter and his insurers. In June, Amistad’s Heritage Life sent $303 million to a subset of the Hermida borrowers. A representative of ABS declined to comment.

Heritage Life also sent about $253 million to LLCs set up by two other intermediaries that Walter has used for loans in the past: the real estate firm Bradford Allen and Hudson Trading, both based in Chicago. Representatives of Bradford Allen didn’t respond to requests for comment, and Hudson Trading declined to comment.

The remaining $1.3 billion of loans were made to companies that are known to be part of Walter’s business empire, or that were formed by a Walter employee, or were confirmed by the person with knowledge of the matter.

Most of the loans carried interest rates of 8 percent or more, and were due to mature in September or earlier. The insurers won’t have to disclose whether those loans were repaid, extended or replaced with new debt until they file their next quarterly financial reports next month.

Despite the borrowing from Amistad, Walter had not significantly reduced his debt to his own insurance companies by June 30, the date of the most recent regulatory filings. After climbing from $24 billion to $25 billion through March, the amount of affiliated investments dropped to about $24 billion as of June.

Mider and Li write for Bloomberg.

Genres Book Society, a new bookshop coming to L.A., is hiding a few secrets. The first indication that something a bit fantastical is going on here is the fact that the boutique store has a mascot.

Look up upon entering the space, and you’ll meet Lore. Lore is a dragon, and this dragon is made of books. The striking sculpture will hover over a cozy space with modular bookshelves that are arranged on a floor covered in book quotes. Peer closely and you’ll see the quotes are designed in the shape of a tree.

A story is being built, a narrative that signifies that Genres aims to be not just a bookshop, but a place that feels like a real-life fairy tale. For this bookstore is also concealing a speakeasy of sorts, a secluded cafe and bar with multiple themed spaces and a two-story tree with glowing books growing out of its branches.

Stories, Genres is telling us, are life.

“This is for people who want to enter into story worlds,” says Ann Morrow Johnson of design firm Gensler. Johnson, a former creative with Walt Disney Imagineering, leads Gensler’s entertainment and experiences division, which is designing the bookshop.

She wants guests to feel transported into a fantasy universe, and understands how to make that happen. For instance? “Adding just a little bit of theatricality and sparkle helps create an invitation of suspension of disbelief,” she says.

The centerpiece of Genre’s bookstore, shown in an artist’s rendering, will be a dragon named Lore.

(Gensler)

Genres, on track to open in mid-2027 near the intersection of Melrose and Fairfax avenues, is tapping into a local trend of heavily designed thematic spaces with a penchant for fantasy. Think, for instance, of the Witch’s Cottage in North Hollywood, or the Last Canteen in the shadow of Universal Studios Hollywood. Consider it the latest evolution of the themed restaurant, and a way to bring the heavily theatrical worlds of theme parks closer to home. Johnson, for instance, says the firm’s research with the the Immersive Experience Institute has shown a hunger in younger generations to embrace spaces such as the Rainforest Cafe.

“People are seeking out a moment,” Johnson says. “Those more theatrical, highly scenic spaces are more likely to get you off your phone. Little moments of delight center you.”

Genres was dreamed up Clare Grant and Karissa Marston, who brought the project to Gensler and tapped them to lead its design. Grant, an actor/producer, says the idea came to her while experiencing the regret of missing a retreat hosted by her girlfriends, who had rented a cabin to read the latest edition in the fantasy “Crescent City” series.

“Just having a newborn, I was like, ‘Why can’t I go read this book in a fantasy-themed cabin?’ That’s literally my dream,” Grant says. “Then I started thinking about it. Why don’t I have something like this in Los Angeles, where I can pop in for an afternoon or evening where someone is handing me drinks and food in an immersive space?”

Marston, it turns out, who has experience in hospitality and marketing with an emphasis on fandom, was already dreaming of such a space. The two of them crafted a business plan for a bookstore, one that wouldn’t look out of place in a sword and sorcery fantasy novel, with a hidden speakeasy.

“I was in Paris, and I went to the Shakespeare bookstore, and it was truly the most magical experience I have ever had,” Marston says. “I walked in and felt so immersed in the books and the history and I went up to the second floor and sat up there and wept. I was like, ‘I never want to leave this place. I only ever want to feel this way and be surrounded by books and people who love books.’”

Their vision is grand. The bookstore, they hope, will become a gathering spot for authors in the fantasy and sci-fi realms. And they talk of the speakeasy as not just being a safe eatery to sit and read all day, but also a future venue for, say, immersive theater. The two-story space will house multiple themed rooms, either for hanging out and hiding, or for potential events.

“I think it’s safe to say that if you wanted to be transported to outer space, you would be pleasantly surprised,” Marston says. “Or if you wanted to escape to Dracula’s castle or some of these other really big genres that you have, readers will be pleasantly surprised at the worlds that we are building.”

Johnson says Genres will be flexible enough to welcome introverts who want to dream away the day with a book, but can also be a home for a baby shower in addition to an author signing or a theatrical event. That’s in part why the shop and ground floor of the speakeasy have a familiar fantasy vibe, one not out of place in, say, the fairy tales of the Brothers Grimm, albeit with the welcoming tone of Disney.

Genres’ founders cited “A Midsummer Night’s Dream” as an inspiration for the bookshop’s bar, depicted in an artist’s rendering.

(Gensler)

“The focal point of the space is this sort of epic woodland fantasy,” Marston says. “When we first brought this to Gensler, and showed them our inspo deck, we kept saying ‘A Midsummer Night’s Dream.’”

That’s key, as everything in the space will spring from the written word. Genres, in that sense, also feels refreshing, emphasizing actual books and tactile media at a cultural moment when AI is often dominating conversations. Grant and Marston speak of being influenced by passionate social media creators who celebrate books, wanting to build a community as much as an event space. A prerequisite to be a bartender, says Marston, will need to be a love of books.

“We’re calling all our bartenders book-tenders,” Marston says. “Not only will they be well-versed in all things spirits and cocktails, but they are also someone who can give you the next book recommendation. These are very specialized employees. They can curate cocktails and books for you.”

Consider Genres a place for dinner and drinks, but one where story is always on the menu.

“People are craving more than dinner,” Grant says. “They want experience. They want magical memories that can get them through harder moments because nothing is easy right now. People want to spend money on something that is more than just dinner or going to a bar. Like whimsy.”

BANGOR, Maine — Ever the optimist, Speaker Mike Johnson said he believes Republicans will hold on to their U.S. House majority, defying a surge of Democratic momentum in the final stretch of the midterm elections that will determine control of Congress.

It’s the crowds he says he’s seeing as he crosses the country campaigning for GOP candidates. The caliber of recruits and incumbents he calls workhorses, not show horses. And the nearly half a billion he has raised for House Republicans.

He also has faith.

“We run to win, and that’s biblical: You run to win,” he told the Associated Press during a campaign stop in Maine.

“And I believe that we will.”

House Speaker Mike Johnson, right, applauds along with President JD Vance as President Trump delivers his State of the Union address during a joint session of Congress in February in Washington.

(Andrew Harnik / Getty Images)

The speaker of the House is one of the most consequential elected officials in the United States, second in line of succession to the president. While Johnson quipped to Fox News recently that he may return to his hometown of Shreveport, La., to start a lawn care business if Republicans lose power on Nov. 3, he fully expects to buck an American midterm tradition that often sees the president’s party dumped in Congress.

It can be said that Johnson, who has drawn so close to President Trump that he routinely fields 1 a.m. calls — they spoke the night before as Trump rallied in Alaska — walks on the sunny side of the street. That’s despite voter frustration over high prices and the Iran war, and his own challenge of leading one of narrowest House majorities in modern times.

In his three years as speaker, Johnson has pushed past the doubters and naysayers, holding his thread-thin GOP majority together to deliver Trump’s agenda. He notably led passage of the big tax breaks and social service cuts bill. Most days he does not have a single vote to spare.

“So many times everybody had written off, there was no way he was going to be able to pull off a particular vote,” said Republican Rep. Mark Harris of North Carolina, who joined the speaker on the campaign swing. “Yet he always seems to pull out the win in the end.”

In the interview, Johnson did not speak brashly about expanding the House majority on election day, as he has in the past. But on track to visit more than 20 states and 40 congressional districts though November, he said the political mood reminds him of the 2024 election that swept Republicans to control of Congress and the White House.

“It’s not going to be a giant majority,” he said. “But I genuinely believe that we will have a working majority.”

Emboldened by Trump

Johnson first fell into the speaker’s job almost by accident, a desperate choice by his GOP colleagues after a contingent of renegade Republicans ousted his predecessor, then-Rep. Kevin McCarthy of California in 2023.

Johnson had been a lower-level member of House leadership, but distinguished himself before the Jan. 6, 2021, attack on the Capitol by organizing support for Trump’s false claims of widespread fraud in the election that he lost to Democrat Joe Biden.

In the time since, Johnson has secured proximity to Trump’s power. He joined Trump at a UFC fight in New York and once gifted the president a speaker’s gavel as Trump signed the “One Big Beautiful Bill” into law. It was a symbolic act, but one that critics saw as giving away the authority of a coequal branch of government.

More recently, Johnson abruptly sent lawmakers home early rather than face a vote forced by Republican Rep. Thomas Massie of Kentucky to impeach Defense Secretary Pete Hegseth as lawmakers tried to halt the Iran war, which has not been authorized by Congress.

Over coffee in Bangor, after rallying for House candidate Paul LePage, a former governor, Johnson brushed back criticism that Congress has eroded under his watch as Trump works to amass executive power.

“Absolute nonsense,” Johnson said.

“We did not yield Article 1 authority to the president,” he said, referring to the powers spelled out in the Constitution. “We used our own,” he said, to muscle GOP priorities past Democratic opposition.

Trump agenda at risk

Johnson has focused the election on Democrats he portrays as “communists.” A handful of far-left liberals, backed by the Democratic Socialists of America, are on the ballot.

Rep. Hakeem Jeffries of New York, the House Democratic leader who is in line for the speaker’s gavel if his party sweeps to power, is preparing a first-100 days agenda for when the new Congress convenes in January, if there is a change in control.

What the Republicans will do if they retain power is less defined.

“Lots of plans,” Johnson said, “along the same course of what we’ve been doing — less taxes, less regulation.”

Trump “wants to go big for his legacy,” he said. “We have big things on the horizon that we can do.”

The president has essentially purged the House GOP ranks of those perceived to be disloyal. Among them are Massie, who lost his primary, and Marjorie Taylor Greene of Georgia, who retired early after breaking with Trump over release of the Jeffrey Epstein files.

Pressed how he would keep Republicans in line, Johnson said he is preparing to change the House rules if he returns as speaker.

“There’s going to be some changes that are going to make the machinery work smoother,” he said.

Praying for the speaker, and the country

Faith has often been strong among House leaders. Two former speakers, Nancy Pelosi and Newt Gingrich are Catholics, as is John Boehner, who invited Pope Francis to address Congress.

Johnson, a former constitutional lawyer who was first elected alongside Trump in 2016, is expected to win his own reelection next month.

“My faith is a huge component of how I think and how I act and what I do,” said Johnson, who led a public prayer on the National Mall as part of the nation’s 250th anniversary.

He is drinking lots of coffee these days, he said, cutting back on the Celsius, and still has 1,413 unread text messages, a slight dip from the frightful number reported a few months ago by the Wall Street Journal.

One text is from someone praying for him.

Johnson said he is grateful for the outpouring of prayers he receives, for him and the country.

“I pray for God’s will. And I believe God’s will is for us — and not the communists — to be in charge of America,” Johnson said.

“And it does say in the New Testament, you run the race to win,” he said, citing 1 Corinthians 9:24. “This is a biblical admonition. So we will.”

Mascaro writes for the Associated Press.

When it comes to City Section sports royalty, the Johnson family at Crenshaw High is in a class by itself.

Marques Johnson started the legacy in 1971, igniting the rise of Crenshaw basketball before moving on to UCLA and the NBA. He’s a City Section Hall of Famer. His son, Kris, was a City Section player of the year and led Crenshaw to consecutive state titles.

Now the last of the Johnsons for at least awhile — 6-foot-1 Shiloh Johnson — has transferred to Crenshaw from Windward. She’s the daughter of Marques and is a top junior girls’ basketball player.

Marques has been a strong supporter of the Crenshaw community and authored the book, “Crenshaw Chronicles.”

Just seeing him in the Crenshaw gym this winter with all the City and state championship banners on the walls will be something to enjoy. And look for Shiloh’s siblings and cousins to drop by, too.

“It’s always a great feeling,” Marques said.

Shiloh is now walking through the halls where her grandfather was a teacher, her aunt was a counselor and four of her five siblings went to school.

This is a daily look at the positive happenings in high school sports. To submit any news, please email eric.sondheimer@latimes.com.

Magic Johnson is relentlessly positive, a quality that has served him well as a player, a businessman and even while living with HIV since 1991.

The former Lakers great generally keeps his social media comments upbeat. Yet, a last-second mental lapse Sunday by one of the five professional sports franchises Johnson co-owns prompted him to tweet the equivalent of a distress signal.

“I’m in total disbelief my Commanders had such poor clock management in today’s overtime game against the Giants. All we had to do was kick the field goal and we would have won the game!”

The tweet ended with an emoji of a man facepalming, conveying Johnson’s exasperation over the last play of Washington’s 27-27 tie with the New York Giants.

The Commanders were at the Giants 24-yard line with 12 seconds to play, no timeouts and the clock running. What needed to be done was obvious: Quarterback Jayden Daniels takes a snap, spikes the ball and the field-goal team trots out.

Nope. Daniels took a snap, danced around, was tackled and the clock expired.

Head coach Dan Quinn ripped off his headset and slammed it to the ground. Daniels stood on the field looking stunned. Johnson, who acquired 4% of the team when his pal Josh Harris bought it for $6.05 billion in 2023, vented on social media.

Johnson’s public comments are usually motivational gems such as “When you face a crisis, you know who your true friends are.” Or “Life doesn’t stop because something happens to you.” Or “I’m the one who will take chances, not worry about the backlash.”

When the Commanders lost their first two games this season, Johnson stayed silent. When they upset the Seattle Seahawks two weeks ago, Johnson took to his keyboard to congratulate the team, tweeting a photo of himself in a luxury box.

The last time he had expressed frustration about the Commanders on social media was three years ago, shortly after Harris became majority owner and Johnson had chipped in $240 million as a limited partner. On Oct. 5, 2023, he tweeted “Tonight the Commanders played with no intensity or fire. We didn’t compete in the first half and got down 27-3 heading into halftime. It was too big of a hole to climb out of and that is why we ended up losing 40-20.”

This time, he didn’t need nearly as many words. Quinn and Daniels both took responsibility for the lapse.

“The right call is honestly, we can go clock it early and don’t put ourselves in that spot,” Quinn said. “That’s my responsibility.”

Added Daniels, whose nonchalance after getting tackled seemed to indicate he thought his team had a timeout: “We’ve got to stop the clock. We’ve got to know the situation. We’ve got to relay that as an offense. It starts from everybody, from the top down. Ultimately, you know, it’s on me.”

For his part, Johnson could turn his attention to another of the teams in which he has a financial interest: the Dodgers, who lost Game 1 of the National League Championship Series to the Milwaukee Brewers on Sunday. He remained mum about that game, having last posted several congratulatory tweets when the Dodgers sailed through the NLDS against the Atlanta Braves last week.