August 10 - August 16, 2008

Friday, Aug. 15
Nouriel Roubini still may not be a household name, but the NYU economist is getting there.
Emmis Communications is cutting salaries and some people, another sign of the times in the publishing biz.
L.A. County's unemployment rate in July was 7.5 percent, which compares with 4.9 percent a year earlier.
Gas nearing $4 a gallon, Netflix back in action, MGM wants to keep Tom Cruise, and NBC won't air Phelps live.
Thursday, Aug. 14
The Donald has agreed to buy Ed McMahon's Bev Hills house in what’s being described as "an act of benevolence."
July traffic at the Port of L.A. fell 2.54 percent from a year earlier, while the Port of Long Beach saw a 12.9 percent decline.
L.A. ranks 26th among all California counties in foreclosure notices. It could be worse - you can be living in Merced.
The company didn't ship out any DVDs either Tuesday or this morning and only about half the normal volume on Wednesday.
Inflation jumps in July, foreclosures still high in California, Greenspan expects relief early next year, and actors taking sides.
Wednesday, Aug. 13
A $3.8-billion accounting charge for goodwill is another way of saying that Tribune overpaid for Times Mirror in 2000.
As part of the chain's bankruptcy reorganization, 11 stores in California will be shuttered in the fall.
Paula Wagner, who with longtime business partner Tom Cruise was supposed to revitalize United Artists, is calling it quits.
Within Tribune's publishing group, revenue dropped 10.6 percent - and classified-ad revenues plunged 26 percent.
NBC might go live nationwide in covering the swimmer's run for an eighth gold medal on Saturday night - if it gets that far.
Auto doldrums depress economy, Longs sale may spur closings, new fraud claims against broker, and Chris Albrecht's early exit.
Air India is dropping its three weekly round-trip flights, which is bad news for an airport that has been pushing overseas business.
Tuesday, Aug. 12
New predictions of a financial failure, California's underwater homes, Downey's bleeding stops, and more trouble for Ed McMahon.
Monday, Aug. 11
NY, SF and Chicago are grown up places where cabbies will pull over when you hail them. Try doing that in L.A.
This could just be posturing, but Boeing might not submit a new bid for the $35-billion contract, opening the door for Northrop.
Higher oil prices can cause recessions, but lower oil prices will not spur recoveries. That requires a healthy economy.
"Call me weak," says a WSJ reporter, "but sitting at the opening ceremonies in a pool of my own liquefied salt was a unique form of torture."
Markets hold up despite Georgian fighting, DreamWorks honchos near deal with Indian company, and NBC scores in Beijing.
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