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BUSINESS
October 3, 2009 | E. Scott Reckard
FirstFed Financial Corp., battered by losses on its portfolio of risky mortgages, is pursuing a plan to sell stock to the public in a last-ditch bid to avert a government takeover of the Los Angeles-based savings and loan operator. The proposed stock offering by the parent of First Federal Bank of California comes as bottom-fishing investors, betting the economy is improving, are showing interest in troubled lenders. But few banks have endured a year as bad as that suffered by FirstFed, the second-largest California-based thrift.
ARTICLES BY DATE
CALIFORNIA | LOCAL
April 8, 2014 | By Kate Mather, Joseph Serna and Joe Mozingo
ISLA VISTA, Calif. — The scene Monday on Del Playa Drive was a curious, uniquely Isla Vista mix: part laid-back beach vibe, part riot aftermath. Beach towels fluttered over cliffside balconies as UC Santa Barbara students enjoyed spring weather. Dumpsters overflowed with beer boxes and red cups. "I was in the riot," one young woman said nonchalantly to her friend as they rode beach cruisers. "I got hit by a tear gas grenade," a male student told his friends as they carried an inflatable pool over their heads.
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SPORTS
December 13, 1997
What are you doing, Mike Garrett? Delaying the John Robinson decision only hurts the program. Recruiting is now. Maybe president Sample should terminate you. That might clear the air and avert the chaos you seem bent on creating. ARTHUR LEWIS Dana Point
CALIFORNIA | LOCAL
March 23, 2014 | By Larry Gordon
A strike planned this week by 13,000 UC hospital technical workers was averted with the announcement Sunday of a tentative four-year contract agreement. The pact between UC and the AFSCME 3299 union concludes more than a year of tense negotiations and means that UC's five major medical centers and numerous health clinics around the state will operate as normal Monday. Up until the agreement, the union for respiratory therapists, operating room technicians and radiology workers had threatened to start a five-day strike Monday and the university had been prepared to hire replacement workers, potentially costing millions of dollars.
BUSINESS
July 11, 2009 | TIMES WIRE REPORTS
The Obama administration has sent legislation to Congress designed to protect investors by bolstering the authority of the Securities and Exchange Commission. The proposal is part of the sweeping plan for overhauling the U.S. financial rule book that the administration is pressing lawmakers to enact to help avert another meltdown. It seeks to put investment advisors providing services to retail investors and stockbrokers under the same standards of conduct, and to strengthen rules governing the timing and quality of disclosures by investment funds.
CALIFORNIA | LOCAL
December 13, 1987
Once in a while I think it is necessary to refute the "Big Lie" we hear constantly from our county supervisors that we citizens must vote for more of everything--water, taxes, housing, freeways--in order to avert a crisis. A good example of this is Supervisor Harriett Wieder's commentary "Stopping a Possible Water Crises" (Nov. 15). As the supervisor says, "California's population has increased by 3 million since '87. Why? Why because the supervisor-developer complex has for more than 30 years built more of everything, water, taxes, housing and freeways, in order to avert past crises of their own making.
OPINION
June 2, 2005
I'm in awe of Steve Lopez. His columns are usually noteworthy. "A Twilight Concerto for Rats and Cello" (May 29), however, touched me as nothing has in months, perhaps my soul was deadened by the news of deaths by useless warfare, disease, needlessness, etc. -- all things I could do nothing about. I will no longer be able to look away and avert eye contact with those unfortunates on street corners and sidewalks, who were unpleasant to look at, different, dirty and whom I chose to not acknowledge or think about.
MAGAZINE
June 12, 1988
Carol Rossen asks about her assailant: "Why had I been chosen?" Might this suggest part of the answer: The late sociologist Erving Goffman pointed out in his book "Behavior in Public Places" that when strangers pass, we give each other "civil inattention," an odd form of politeness in which we avert our glances and do not look into each other's eyes. Additionally, inequality between genders exists in civil inattention. A male can look openly into the face of a passing female and feel safe.
OPINION
December 5, 2004
The Martin Luther King Jr./Drew Medical Center opened in 1972 to serve South Los Angeles neighborhoods that had been shunned by white doctors. It was supposed to be a symbol of Los Angeles' commitment to right the wrongs that had led to the Watts riots. Three decades later, it is a symbol indeed.
NEWS
April 15, 1991 | From Associated Press
Rocked by one last explosion, a fire-ravaged tanker holding millions of gallons of oil sank Sunday off the Italian Riviera, and experts worked to avert an ecological catastrophe in the Mediterranean. The Cypriot-registered tanker Haven appeared to have remained intact on the sandy sea bottom 1 1/2 miles offshore, and it was believed that most of the vessel's crude remained inside, officials said. The tanker held nearly 42 million gallons of Iranian crude when it caught fire Thursday.
CALIFORNIA | LOCAL
March 21, 2014 | By Melanie Mason
SACRAMENTO--A last-minute effort to forge a legislative deal on medical malpractice damages - and avoid a bruising initiative battle between lawyers and medical providers--has stalled, parties involved in the discussions said Friday.  Trial lawyers and consumer groups have squared off against doctors, insurance companies and hospitals over caps on pain and suffering damages in malpractice cases. Those rewards have been capped at $250,000 since 1975, when the state enacted the Medical Injury Compensation Reform Act, or MICRA.  The lawyers have been gathering signatures for a ballot measure that would raise the cap to approximately $1.1 million.  It would also require doctors to be drug tested and to check a statewide database when prescribing certain medications to stop prescription drug abuse.
WORLD
January 30, 2014 | By Paul Richter and Patrick J. McDonnell
WASHINGTON - Amid growing U.S. fear that the Syrian civil war is now a magnet for extremist groups, the Obama administration on Thursday accused President Bashar Assad's government of stalling on the destruction of its most dangerous chemical agents and said the ambitious operation may now be at risk. The warning comes two days after President Obama hailed the disarmament effort as a foreign policy success in his State of the Union speech, saying American diplomacy, backed by the threat of force, "is why Syria's chemical weapons are being eliminated.
NATIONAL
January 27, 2014 | By Richard Simon and Michael A. Memoli
WASHINGTON - California's egg law survived a congressional effort to scramble it as key lawmakers from both parties announced an agreement Monday on a multiyear farm bill. That means beginning next year, all eggs sold in California will have been laid by hens that had plenty of room to flap their wings. The compromise farm bill, which could come up for a House vote Wednesday, would avert deep cuts sought by Republicans in the federal food stamp program and end direct payments to farmers - a controversial provision under the previous farm bill in which farmers received federal subsidies regardless of their output.
NEWS
January 15, 2014 | By Lisa Mascaro
WASHINGTON  -- The bitter partisan feud over the proper size of government came to a temporary truce Wednesday as the House easily approved a $1-trillion spending bill to avert another federal shutdown. Speaker John A. Boehner (R-Ohio) corralled his often restless Republican majority to support the bipartisan accord, which is expected to be approved by the Senate later this week. The measure, approved 359 to 67, will fund almost every aspect of federal operations for the remainder of the fiscal year, through Sept.
BUSINESS
December 14, 2013 | By E. Scott Reckard
Daniel A. Bailey Jr. isn't your average homeowner. He hasn't paid his mortgage in more than five years, and has no plans to start now. His stance stems from a bizarre incident that thrust Bailey into the news in 2008, when he suddenly became a public relations liability for embattled home lender Countrywide Financial of Calabasas. Bailey had blanketed Countrywide with emails begging for a mortgage modification. The reply came from none other than Angelo Mozilo, Countrywide's chief executive, who accidentally hit "reply" instead of "forward" on a note meant for colleagues.
CALIFORNIA | LOCAL
November 17, 2013 | By Larry Gordon
The University of California reached a tentative contract agreement with unionized nurses at its medical and student-health facilities, averting a one-day walkout that had been scheduled for Wednesday. The four-year agreement still needs to be voted on by the 11,700 UC nurses who belong to the California Nurses Assn., or CNA. Contract highlights released by UC call for annual 4% pay increases through 2017. The nurses have agreed not to join in a one-day strike on Wednesday in sympathy with a walkout still scheduled by the AFSCME local 3299, which represents 22,000 patient-care workers, custodians and food workers at UC's five medical centers and 10 campuses.
BUSINESS
July 25, 1997 | Dow Jones
ICU Medical Inc.'s board has adopted a shareholder rights plan to fend off any unwanted moves to take over the medical devices manufacturer. The poison-pill plan is designed to take effect if one person or group acquires 15% or more of ICU's common stock without board approval. The company said the plan is not in response to any known effort to acquire control of the company.
OPINION
November 23, 2007
Re "State says power lines ignited Witch fire," Nov. 17 For years, fires in Southern California have been blamed on fallen wires or similar causes, resulting in loss of life and billions of dollars in damage and insurance losses. The equation seems quite simple: Strong winds cause wires to touch or fall, causing fires.
NEWS
October 17, 2013 | By Morgan Little
The government shutdown has come to an end, the debt limit has been raised, and Washington has averted a crisis of its own making. Coming down to nearly the last minute, the House and Senate agreed to a bipartisan deal Wednesday night after weeks of negotiations, debate and partisan bickering. Meanwhile, the various federal agencies and services shut down this month are starting to resume normal operations. Parks are reopening, furloughed workers are returning to their offices, memorials are no longer fenced off, and even the panda cam will be back online later Thursday.
NATIONAL
October 16, 2013 | By Lisa Mascaro, Michael A. Memoli and Brian Bennett
WASHINGTON - Congress gave final approval late Wednesday to a budget compromise, ending a 16-day government shutdown and averting the possibility of a default on the nation's bills, as a bitter partisan stalemate concluded with Republicans conceding defeat. "We fought the good fight," House Speaker John A. Boehner (R-Ohio) said in a Cincinnati radio interview hours before the final vote. "We just didn't win. " President Obama quickly signed the measure. Republicans had sought the confrontation in hopes that a shutdown and the threat of default would give them leverage to extract concessions from Obama on his signature healthcare law. In the end, the compromise negotiated by Senate Majority Leader Harry Reid (D-Nev.)
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