August 26, 2012 |
Sophia Amoruso doesn't care if you're offended by the name of her company. "If it's a big shock when you hear it," she says, "you're probably not our customer anyway. " She's earned the right to be dismissive. Amoruso, 28, is the founder and chief executive of Nasty Gal, a fast-rising e-commerce site that has managed to keep a low profile despite a cult following of young women who can't get enough of the company's edgy and provocative clothing. Sales rocketed 10,160% from 2008 to 2011, making Nasty Gal the fastest-growing company in Los Angeles and the fastest-growing retail company period, at least according to the Inc. 5000 list released this month.
March 31, 2011 |
Congressional budget negotiators have agreed to $23 billion in additional spending cuts for the rest of the 2011 fiscal year, Vice President Joe Biden said late Wednesday, but details of the reductions still could thwart a deal. Combined with $10 billion already trimmed through stopgap spending measures, the deal potentially represents $33 billion in reductions from the 2011 budget and would be one of the largest such cuts in history. But it would be only about half of the $61 billion that House Republicans approved in February, which the GOP argues was consistent with its demand last fall for $100 billion in cuts from President Obama's budget plan.
September 28, 2010 |
Citing the economic downturn and decreased state funding, the University of California announced Tuesday that it will eliminate four varsity sports programs ? including baseball ? at the end of the 2011 academic year. Men's and women's gymnastics and women's lacrosse also will be cut, and the men's rugby team will be reduced to a club sport. "Clearly, this is a painful outcome after months of deliberation, analysis, and the examination of every viable alternative," Athletic Director Sandy Barbour said in a statement released by the university.
April 9, 2011 |
A budget stalemate that gripped the nation ended just before a midnight deadline Friday as congressional leaders and the White House agreed to a package of spending reductions to avert a federal government shutdown. After working around the clock, Republican and Democratic negotiators emerged from a tense day of closed-door talks with a deal that would cut about $38 billion from domestic programs across the nation for the remaining six months of the 2011 fiscal year. Republicans dropped healthcare and environmental demands that had stalled agreement on the budget deal and, in return, the two sides agreed to hold separate votes later on other GOP goals, including cutting family planning funding.
November 17, 2011 |
The Obama administration has proposed landmark fuel economy standards that would almost double the average gas mileage for each automaker's passenger vehicle fleet to 54.5 miles per gallon by 2025. The rules proposed Wednesday mark the latest step in a lengthy campaign to reduce greenhouse gas emissions and oil consumption. They would build on the administration's ambitious standards that raise the average to 35.5 mpg over five years ending with the 2016 model year. The latest standards would be phased in starting with the 2017 model year.
April 14, 2011 |
Congress approved a $38-billion spending cut package Thursday, sealing a deal to prevent a government shutdown before plunging into an even more far-reaching debate over spending on federal programs and benefits for the years to come. The Republican-controlled House planned a vote as early as Friday on a 2012 GOP spending blueprint by House Budget Committee Chairman Paul Ryan (R-Wis.), which would slash spending and shrink federal involvement in Medicare and Medicaid. President Obama and congressional Democrats are drawing a sharp contrast with the GOP plan, pointing to key differences over the role and scope of government.