CALIFORNIA | LOCAL
June 12, 2007 | Duke Helfand and Steve Hymon, Times Staff Writers
Los Angeles Mayor Antonio Villaraigosa spoke publicly for the first time Monday about the breakup of his 20-year marriage, saying he was responsible for the split even as he refused to talk about what caused it. In a somber meeting with reporters at City Hall, Villaraigosa declined to answer questions about whether the break with his wife, Corina, was triggered by another romantic relationship.
BUSINESS
May 18, 2013 | By Ronald D. White, Los Angeles Times
Call it retirement anxiety, or maybe recession obsession. For all of their married life, Patrick Webster, 63, and Susie Martin, 54, have been extremely frugal. Webster and Martin, who both work at Marymount College in Rancho Palos Verdes, have been stashing away their combined income at an enviable rate - more than 25% - for retirement. Together they have more than $1 million in investments and no debt. But rather than feeling reasonably secure about their financial future, they dread a return of hard times.
BUSINESS
April 27, 2013 | By E. Scott Reckard, Los Angeles Times
Michele and Russell Poland's credit was shot, but they managed to buy their suburban dream home anyway. After a business bankruptcy and a home foreclosure, they turned to a rare option in this era of tightfisted banking - a subprime loan. The Polands paid nearly $10,000 in upfront fees for the privilege of securing a mortgage at 10.9% interest. And they had to raid their retirement account for a 35% down payment. Most borrowers would balk at such stiff terms. But with prices rising, the Polands wanted to snag a four-bedroom home in Temecula near top-rated schools for their 5-year-old son. By later this year, they figure, they'll be able to refinance into a standard loan.
TRAVEL
February 3, 2013 | By Chris Erskine, Los Angeles Times
Anyone who has booked a last-minute flight knows you pay more when you wait. But you also pay more if you book too early. What's too early? What's too late? Pity the poor fare geek trying to hit that elusive sweet spot. Discount travel site Cheapair.com has crunched a year's worth of booking data and found some answers to these and other eternal travel questions, including: - Best time to book a domestic flight? Seven weeks in advance. - Best time to book an international flight?
BUSINESS
November 20, 2010 | Michael Hiltzik
In these troubled economic times, it's not hard to understand why people might want to protect their life savings by purchasing a hard asset like gold or silver. At least, that's the pitch of Monex, the big Newport Beach investment firm, which bills itself as "America's trusted name in precious metals investments" and assures clients that it's "committed to customer service. " So let's take a look at the experiences of some customers who say their trust in Monex was misplaced.
BUSINESS
February 14, 2010 | Kathy M. Kristof, Personal Finance
If you are a teacher in debt, there's good news and bad news. There are literally dozens of programs that could potentially help wipe out your student loans. But most of them have narrow requirements that may lock you out. Just ask Troy Dale, a high school counselor from Ellis, Kan. He and his wife have $23,000 in student loans that they've been paying down for nearly a decade. At their current rate, they'll still be paying off their student debts when their oldest child enrolls in college.