CALIFORNIA | LOCAL
December 26, 2001 |
In a year dominated during its last months by terror-spawned grief and anger, it can be hard to remember that other moments--warming, chilling and amusing--also moved us. A man found a fortune in cash on a Los Angeles street and returned it. A young man lost his way in the snowy woods and was found. An urge for a cigarette earned an air passenger a jet fighter-escorted trip back to LAX--and a possible jail term.
CALIFORNIA | LOCAL
December 29, 2000 |
The Los Angeles Police Department's corruption scandal will continue through the new year as investigators probe lingering allegations of misconduct, the LAPD implements costly reforms and city officials seek to settle lawsuits filed by alleged victims of police abuse. 2001 will bring at least two criminal prosecutions. Prosecutors are preparing charges against other LAPD officers but need permission from newly elected Dist. Atty. Steve Cooley to move forward, according to sources.
CALIFORNIA | LOCAL
January 2, 2001 |
Arriving just 37 minutes apart, babies born just before and after midnight marked the end of the 20th century and the start of a millennium. Paul Rihani, at 21 1/2 inches and a strapping 9 pounds, 7 ounces, became the last Orange County child born in 2000 at 11:24 p.m. New Year's Eve at Kaiser Permanente Anaheim Medical Center. Emily Diane Garcia rang in the 21st century at 12:01 a.m. New Year's Day at Garden Grove Hospital and Medical Center.
December 27, 2000 |
How fast things change. 2000 was a year of record growth, booming export levels and some of the lowest unemployment rates in decades. Many Southern California business owners chalked up healthy sales and profits. Now a rapidly slowing economy indicates tougher times are ahead. Here are some areas to watch: Politics Business lobbyists warn that barely defeated efforts to increase the cost of workers' compensation insurance premiums will be remounted in 2001 and have a good chance of passing.
December 31, 2000 |
All those in favor of another big round of creative destruction, say aye. Say what? Creative destruction, a term coined by an Austrian economist named Joseph Schumpeter who died in 1950, has been the guiding force of the U.S. economy virtually since its inception, and especially in the last 10 years.
January 1, 2001 |
Billionaire U.S. financier George Soros said the United States was in for a "bouncy and hard" landing as the world's largest economy slows, but his main concern was for spillover turmoil in emerging markets, according to a local newspaper report Sunday. In an interview with Chile's influential El Mercurio newspaper, Soros also said he expects the U.S. Federal Reserve to lower key interest rates aggressively at the start of 2001 but that a new global crisis was inevitable.
December 23, 2001 |
Here are the 10 most notable art exhibitions, activities and events of 2001, in chronological order: 1. Valie Export. In March, the Santa Monica Museum of Art's "Valie Export: Ob/De+Con(Struction)" focused on the Austrian artist's early feminist performance actions and Conceptual works, dating from the 1960s and '70s. It neatly ranked as the year's most interesting solo museum show saddled with the least felicitous title. 2. Bamian Buddhas.
December 30, 2001 |
Two emotions are said to rule financial markets: fear and greed. But 2001 on Wall Street may be better remembered as the year of fear and hope--in that sequence. For most of the year, major stock indexes were in decline, extending the slide that began in March 2000. Despite strong rallies in January and in the spring, the Standard & Poor's 500 index and the Nasdaq composite lost ground in five of the year's first eight months.