November 11 - November 17, 2012
Friday, Nov. 16
The former TV executive won't be formally named until the parent company of the LAT comes out of bankruptcy protection in the coming weeks.
Well, maybe the last. Hostess says it has received proposals to buy some of the assets, but the cold reality is that businesses cannot survive on nostalgia.
Ever so slowly, the numbers are approaching the single digits. Perhaps more importantly, employers added 45,800 jobs to the state rolls in October.
That's right - one bedroom (though there are two guesthouses, each with an additional bedroom).
Wall Street still struggling, new ideas for averting the fiscal cliff, Hostess moves to liquidate after failing to reach a labor deal, and OC Register owner wants to buy the LAT.
Thursday, Nov. 15
A major revamp of California's third rail has been in the cards for years - it's always been a matter of when the politics would be most favorable.
What on earth is happening to our judicial system? An improved budget situation in Sacramento appears to be having little or no impact in the courts. It's a civic disgrace.
An announcement could come as early as this afternoon, reports the LAT. The El Segundo-based satellite service had been balking at the price being asked by Time Warner Cable, which has exclusive rights to the games through its new SportsNet and Deportes channels.
Huge jump in jobless claims because of Hurricane Sandy, L.A.-area inflation shot up last month because of high gas prices, 10 courthouses could close in L.A. County, including locations in Beverly Hills and West L.A., and Riordan agrees to debate pensions.
Wednesday, Nov. 14
Projected shortfall is way lower than what California faced earlier this year. If the economy improves and the stock market cooperates, the state could even see a surplus in 2014.
Nearly four years after the parent company of the LAT filed for Chapter 11, the end appears to be in sight. Now what?
What mainly drove down the market is what's been driving it down for several weeks: Concern about Washington's fiscal cliff and the possibility of increases taxes on capital gains.
Mayor's office is trumpeting the new facility, which will house the company's distribution, logistics, e-commerce, merchandising, and warehouse operations. It seems like an entrepreneurial success story, except...
The president seemed to mark his ground by declaring that he would not extend tax cuts at upper levels. Republicans in Congress want the Bush tax cuts extended for everyone.
That would be DirecTV subscribers who still can't receive Time Warner Cable's SportsNet channel because the satellite company and the cable company still haven't come to terms on a distribution deal.
California's cap-and-trade program makes its debut, departure of senior Microsoft executive creates a stir, high deductibles becoming more popular with employers, and Michael Eisner gets a movie deal.
Tuesday, Nov. 13
Ron Pernick, author of two books on innovation and the clean-tech business, will be speaking at the next Live Talks Business Forum.
One of the prices of being a TV personality is getting examined a lot closer - and a lot more critically - than the average Joe, or in this case Guy.
They're even lower than the national average (and those rates were pretty darn low).
The half-cent increase would boost the sales tax in L.A. from 8.75 percent to 9.25 percent. If L.A. voters approve the measure, proceeds will go towards paring the budget deficit.
Much of the local market is smoking. It's really the combination of pent-up demand in the $500,000 and up price range, along with very limited supply in the most sought-after locations.
Late mortgage payments fall to lowest level in more than three years, City Council to vote on sales tax hike, business owners receive tax breaks after contributing to assessor's campaign, and SEC investigating L.A. money manager.
Monday, Nov. 12
Only 42 percent of L.A. buyers could afford to purchase a median priced single-family home ($355,700) in the third quarter, says the California Association of Realtors.
In fact, the U.S. will become a net oil exporter by 2030, a stunning turnabout from the days of energy dependence.
Market investors concerned about higher taxes on capital gains, young voters helped save Proposition 30, Villaraigosa plans trade mission later this month to South America, and James Bond dominates the box office weekend.
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The funeral for Mark Lacter will be held Sunday, Nov. 24 at 12 noon at Hillside Memorial Park, 6001 W. Centinela Avenue, Los Angeles 90045. Reception to follow.
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