Wednesday morning headlines

Stocks keep fading: Dow is down about 100 points in early trading, as investors try figuring out how to play a possible default. Market has been down all week.

Any hope on debt deal?: Nothing that I've run across this morning. Both Speaker John Boehner and Senate Majority Leader Harry Reid are pushing their respective debt packages, but neither has a chance of making it through Congress.

Keep a lid on hiring: CEOs seem willing to invest only in growth industries and overseas, according to the WSJ, citing earnings conference calls.

California secures loan: Eight banks led by Goldman Sachs will provide a $5.4-billion emergency cushion for the state in case credit markets are disrupted by the debt ceiling impasse. (DealBook)

Positive views on California economy: Outlier alert: Eight in 10 Californians said they consider themselves somewhat or very successful, according to a Citibank survey, and three out of four respondents say the recession has not hampered their ability to achieve their life goals. That runs counter to gloomy assessments in other polls. (Sacramento Bee)

More Coliseum questions: Despite allegations of excessive perks and lax fiscal oversight, Finance Director Ronald Lederkramer was recently given a $25,000 raise - later rescinded after City Controller Wendy Greuel brought it up. From the LAT:

Commission President David Israel said he and other panel members did not know about Lederkramer's raise or smaller ones given to other Coliseum employees, which were also canceled. "It's shocking, it's ridiculous," Commissioner Rick Caruso said. "It's bad management. It's everything that's bad about the system and government." Greuel is expected Wednesday to launch an investigation of the commission's finances.

LAX traffic is up: More than 5.6 million travelers passed through the airport in June, up 6 percent from a year earlier. For the first half of 2011, traffic is up 5.4 percent. (Daily Breeze)

Stadium hearing tonight: The public gets a chance tonight to comment on AEG's plans for a downtown stadium/convention center complex. Another meeting will be held Thursday. (CNS)

Fox imposes limits: Viewers who don't subscribe to participating cable or satellite services must wait eight days from an episode's initial broadcast to watch it online. Previously, the shows were available online the day after they aired. (LAT)