December 9 - December 15, 2012
Friday, Dec. 14
No matter what you might read in the coming days, nobody really knows. Lots of theories, but relatively research on the pathology at play.
Peter Eichler and his fund Aletheia are alleged to have steered profitable trades into the firm's own accounts and into the accounts of preferred clients.
Actually, fewer passengers are expected to fly between Dec. 17 and Jan. 6 than during the same period last year. But planes will be just as cramped.
L.A.-area inflation down sharply due to gas prices, KB Home to build condos and detached homes in Playa Vista, Rick Caruso buying retail parcels in Pacific Palisades, and sweatshop practices uncovered downtown.
Thursday, Dec. 13
He said that he only agreed to settle a federal lawsuit for $67.5 million to protect his kids and grand-kids who were being hassled.
Developer apparently has financing to buy the property, as well as handle the upgrades. It would be hard not to improve the place.
Consumers were spending in November, Blue Shield seeks large rate hikes, Geffen donates $100 million to UCLA, and new concourse for Long Beach airport.
Wednesday, Dec. 12
The French-based shipping line CMA CGM has purchased a stake in the facility's Pier J, the company's first investment in a port on the West Coast.
The first half of December is normally the time when shoppers take a breather before the final holiday push, but there's no sign of let-up in my neighborhood.
The central bank also says it will continue its bond-buying program into the new year, a decision that has helped boost stock prices.
The basic explanation for what's happening is too much demand, especially in the move-up market, along with too little supply to meet that demand.
It's leading the Central Valley recovery, both because of stepped-up oil production in Kern County and the large number of warehouses and industrial parks in the area.
Fiscal cliff could be having an effect on holiday shopping, Chinese investors will be making more deals in the U.S., L.A. budget official brought into mayoral race, and unusual delays in October at LAX.
Tuesday, Dec. 11
Here's the sobering takeaway: "The state's highest-paid employees make far more than comparable workers elsewhere in almost all job and wage categories, from public safety to health care, base pay to overtime."
After a spectacular decade of growth, China has about one million millionaires, along with 100 or so billionaires - and many of those folks are looking for places to put that money.
News Corp. CEO Rupert Murdoch plans to take a close look once the properties become available, Bloomberg reports.
U.S. bailout of AIG results in $23 billion profit, FedEx has its busiest day in history, DirecTV adds sports surcharge, and more troubles for Boeing's 787.
Monday, Dec. 10
You promise to bring in business and we'll give you a tax break or free land or some other giveaway. But there is virtually no connection between incentives and economic performance.
A three-judge panel ruled that two sign companies should not have been allowed to convert their existing billboards to electronic formats.
Census Bureau says that 562,343 Californians moved to other states during 2011, while 468,428 residents of other states moved to California.
L.A.-based airplane leasing firm sold to Chinese, Amgen acquires gene research firm, electric car maker Fisker is looking for investors, and Disney cruise line gives up on West Coast.
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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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