January 2, 2005 |
It's 2005 on the calendar, but what year will this be on Wall Street? Some investment pros are thinking about 1994, when the Federal Reserve began to slowly raise short-term interest rates, then sharply stepped up the pace of credit tightening -- to the bond market's horror. Others are thinking back to 1977. In 1973 and '74, the stock market suffered its worst decline since the Great Depression, only to snap back in 1975 and '76. (Sound familiar?
CALIFORNIA | LOCAL
January 1, 2005 |
In 2005, voters may approve plans for Orange County's tallest building to rise in the center of Santa Ana -- or they may not. The sheriff's political career will continue to shine, or be muddied by the stain of controversy. A long-envisioned light-rail line may chug ahead, or be derailed. And Anaheim will either find itself in the running for an NFL team, or be thrown for a loss. Uncertainty beats at the heart of many of the county's ongoing news stories in 2005.
CALIFORNIA | LOCAL
January 1, 2005
The following new laws take effect Jan. 1 unless otherwise indicated. .50-caliber rifles: Sale of the heavy, long-range weapons, used mostly by target shooters, is banned in California. Ban supporters argued that the weapons, capable of hitting hovering helicopters, could be used by terrorists. AB 50 by Assemblyman Paul Koretz (D-West Hollywood).
December 30, 2004 |
Consider the weekends you lost in 2004 to activities that were merely necessary. Visiting in-laws. Studying for an exam. Painting the bathroom. In 2005, you have 53 opportunities to do better; a quirk of the calendar gives the year one extra weekend. To help, we've selected a promising activity for each and every weekend -- rooting for the Dodgers, tanning at Coachella or appraising King Tut's stash at LACMA, for starters. We had to choose between ballet and baseball.
December 26, 2004 |
Michael Ritchie Artistic director Center Theatre Group's new artistic director (as of Jan. 1) will be hard to avoid in 2005. Everyone in the Los Angeles theatrical world and many theater mavens elsewhere will sift his selection of productions for 2005-06 and his appointments of personnel for clues as to where he'll take the city's flagship theater company as it changes captains for the first time in its nearly 40-year history.