May 30, 2012 |
"Bring back Glass-Steagall!" That's the cry you hear most often for restoring regulatory stringency to our misbehaving financial sector. The 1933 law, which barred commercial banks from underwriting or investing in stocks - in effect, from owning investment banks - was repealed in 1999, and reinstating it is a good proposal for several reasons. But what the 2008 financial crash and misadventures such as JPMorgan Chase's multibillion-dollar derivatives loss tell us is that reinstatement of the old law isn't enough.
May 17, 2012 |
"Selling L.A. " reality show viewers may wonder if any of the featured homes actually sell. Although perhaps not in time for the closing credits, some houses under consideration for the show do find a buyer outside the roving eye of the camera. One home that agent Rebekah Schwartz was promoting to HGTV for its 15 minutes of fame was the Marina del Rey pad that former Laker Lamar Odom rented a few years back. Listed at $1.995 million in January, it closed early this month at $1.825 million.
May 13, 2012 |
One of the greatest first films in all of American cinema, "Being John Malkovich" (1999) introduced audiences to Spike Jonze and Charlie Kaufman, two of the most distinctive voices in contemporary movies. A mad scramble of surrealist tropes and philosophical ideas, it marked the acme of Hollywood's passing interest in existentialist postmodernism, which manifested itself through the '90s in such meta-movies as"Groundhog Day,""The Truman Show" and"The Matrix. " Thirteen years on, "Being John Malkovich" - which the Criterion Collection is releasing on DVD andBlu-raythis week - has lost none of its lunatic charm.
May 8, 2012 |
Actor Jesse Metcalfe has sold his house in the Beverly Crest area for $2 million, according to the Multiple Listing Service. The Mediterranean main house and guesthouse have 2,500 square feet of living space, including four bedrooms and 31/2 bathrooms. Built in 1999, the house features stone fireplaces, plank wood floors and wood-beam ceilings. A stone hot tub sits on a hill above the home, which is surrounded by lawn and steppingstone pathways. A starburst pattern adorns the stone driveway.
CALIFORNIA | LOCAL
April 25, 2012 |
A dying man's request is nothing Henry and Wanda Sandoz take lightly. So when the sick and elderly Riley Bembry asked the couple nearly 30 years ago to maintain a memorial and a cross atop a lonely outcropping in the middle of the Mojave Desert long after he was gone, they had to say yes. The Sandozes never anticipated that their stewardship would take them one day to the Supreme Court, nor did they anticipate ever seeing a cross — Bembry's legacy,...
January 27, 2012 |
Washington's political gridlock has had at least one advantage: It allowed businesses and interest groups to reduce their lobbying expenses last year, the first time that's happened in more than a decade. Overall, the amount spent on lobbying was nearly $3.3 billion last year, down from $3.5 billion the year before, according to a preliminary analysis of disclosure forms by the nonpartisan Center for Responsive Politics. It marked the first time since 1999 that spending on lobbying, year-over-year, dropped in Washington.
January 26, 2012 |
Washington's political gridlock has at least one advantage: It allowed businesses and interest groups to reduce their lobbying spending last year, the first time that's happened in more than a decade. Overall lobbying expenditures were $3.27 billion in 2011, down from $3.51 billion the year before, according to a preliminary analysis of disclosure forms by the nonpartisan Center for Responsive Politics. It marked the first time since 1999 that year-over-year lobbying spending dropped in Washington.
CALIFORNIA | LOCAL
January 19, 2012 |
The Catalina Island fox has made one of the most remarkable recoveries known for an endangered species, rebounding in just 13 years from near extinction brought on by a distemper epidemic, wildlife biologists announced Wednesday. The number of foxes has reached 1,542, surpassing the population of about 1,300 seen before the animals were ravaged by the disease that scientists believe was introduced by a pet dog or a raccoon from the mainland that hitched a ride on a boat or a barge.
November 23, 2011 |
Playing a cop at his worst, his hands never dirtier, the stakes never higher, Woody Harrelson has perhaps never been better than he is in the seamy, scandalous jumbled rumble of "Rampart. " Set in Los Angeles in 1999, the film captures a time when public trust in law enforcement was brought down by the exposure of police corruption in the Rampart precinct. Rather than take on the widespread malfeasance, director Oren Moverman, sharing writing credit with crime novelist James Ellroy, constructed a story around one very bad cop running rampant in Rampart.
October 29, 2011 |
A labor market flooded with unemployed workers continued to keep a lid on wages and benefits in the last three months, even as consumers ramped up spending. Wages and salaries grew just 0.3% in the third quarter this year from the previous quarter, according to a government employment cost index. Benefits increased 0.1%, the slowest growth rate since 1999, according to employment cost data released Friday by the U.S. Labor Department's Bureau of Labor Statistics. "This report matches well with the picture of a U.S. economy slowly treading forward and employment making sloth-like progress," Gregory Daco, principal U.S. economist for IHS Global Insight, wrote in a note.