November 30 - December 6, 2008
Friday, Dec. 5
Ezri Namvar and his L.A. investment company, Namco Capital Group, face at least 17 lawsuits involving non-payments to his investors. $MTEntryExcerpt$>
In case you've lost track, the government is considering a plan that would encourage banks to lend at 4.5 percent.
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The former editorial page editor of the LAT and contributor to Time magazine will be in conversation with yours truly on Tuesday.
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It makes no sense that stocks take off on the day that saw the worst employment report since at least 1974. Still, there are reasons.
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California delinquencies on the rise, Bratz CEO wants to talk to Mattel, toymakers settle lead lawsuit, and gas prices still sinking. $MTEntryExcerpt$>
That's way more than most anyone had expected and is the worst monthly loss since December of 1974. $MTEntryExcerpt$>
Thursday, Dec. 4
Look for a loss of 350,000 payroll jobs in November, which would be the worst monthly drop since May 1980. $MTEntryExcerpt$>
More and more stories are focusing on how even the ultra-rich have put the brakes on spending - at least pointless, obnoxious spending. $MTEntryExcerpt$>
Terrible November for retailers, bearish housing bets, new questions about L.A.'s Palmdale land, and the Golden Globes live on. $MTEntryExcerpt$>
Valley-based MGA has lost custody of those pouty and still-popular Bratz dolls. But this isn't the end of it.
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Wednesday, Dec. 3
Ford CEO Alan Mulally says that he has become more concerned about the viability of GM and Chrysler. $MTEntryExcerpt$>
Louisiana's experience with movie and TV production shows why runaway production worries are a little overdone. $MTEntryExcerpt$>
Being reminded of folks leading gold-plated lives doesn’t go down well at a time when so many others are trying to save their houses. $MTEntryExcerpt$>
It’s the only Virgin Megastore in OC and one of four in California (the others being in Hollywood, SF and Ontario). $MTEntryExcerpt$>
New tensions at SAG, airlines cut capacity, investors sue Paramount, and satellite loss means no new local jobs. $MTEntryExcerpt$>
Tuesday, Dec. 2
The documentary “Roman Polanski: Wanted and Desired” is being cited in the director's request to dismiss the molestation case against him. $MTEntryExcerpt$>
A mythology has taken hold about the financial disaster: That only a select group of economists and money managers saw it coming. $MTEntryExcerpt$>
By a margin of 129 votes, developer Beny Alagem will be able to build two luxury condo towers and a... $MTEntryExcerpt$>
That's the hope among some lawyer/pundits who are up in arms over last week's misdemeanor convictions against Lori Drew.
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In the L.A. area, October registrations fell almost 40 percent, with the domestic automakers faring a lot worse than the Japanese. $MTEntryExcerpt$>
Closings, consolidations, layoffs, and the elimination of print editions on certain days of the week are the grim prospects for 2009. $MTEntryExcerpt$>
More loan delinquencies expected, another Dov Charney lawsuit, and Blockbuster to sell concert tickets. $MTEntryExcerpt$>
Monday, Dec. 1
A little-known analyst turned hedge fund manager named Steve Eisman figured out what would happen to the mortgage business.
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You have to go back almost four years to find local gas prices this low. It's mostly good news, of course, but there are some wrinkles. $MTEntryExcerpt$>
It was bad from the opening bell and just got worse as a bunch of pretty awful economic reports came out. $MTEntryExcerpt$>
Think you had trouble getting home yesterday? Passengers on board TACA International #670 could probably top you.
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Her real name was Doris Dungey, and she was an influential and often acerbic chronicler of the mortgage collapse. $MTEntryExcerpt$>
The official arbiter has declared that the nation's economic contraction began a year ago - in December 2007. $MTEntryExcerpt$>
Stocks way down in early trading, more fireworks on Hollywood labor front, and Johnson & Johnson buys Mentor. $MTEntryExcerpt$>
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