BUSINESS
December 26, 2012 | By Tiffany Hsu
Shoppers waylaid by "fiscal cliff" fears and winter storms spent sparingly in the months before Christmas, according to new data, but retailers are still holding out for a post-holiday bump. From Oct. 28 through Dec. 24, sales of items such as clothing, home goods and electronics rose 0.7% compared with the same period last year, according to the MasterCard Advisors SpendingPulse report. In 2011, spending rose 2%, more than double this year's pace. The last two months' performance, which also includes online sales, was the worst since 2008, according to the report.
NEWS
December 26, 2012 | By Joseph Serna
While the holiday theme song for about 12 million unemployed people this year might as well have been “All I want for Christmas is a job,” that has never stopped the young and/or clueless from taking to Twitter with their own, less sympathetic ballad: “All I wanted for Christmas was an iPad.” And when they tweet of disappointment for not getting the latest, expensive Apple gadget or (cue “The Price Is Right” voice) “A NEW CAAAR!”, they are often met with unexpected, widespread hatred in return.
NEWS
December 26, 2012 | By S. Irene Virbila
This year I had one of my best Christmas Eve dinners ever. Maybe it's because it unfolded in such a leisurely fashion--a little eating, a little dancing and listening to music, a little nibbling, a little conversation. And repeat. Watching the sunset, admiring the ring around the moon. We started about 4 p.m., shucking five dozen kumamoto oysters and watching the light fade over the horizon as we sipped a 1996 Fleury Champagne followed by a 2004 Muscadet. Bruschetta was involved too, lavished with olive oil, ricotta cheese and fresh roasted red bell peppers.
CALIFORNIA | LOCAL
December 25, 2012 | By Rosanna Xia, Los Angeles Times
They made their way from Watts, San Pedro, Alhambra - entire families huddling in the rain overnight and tucking their kids in on cardboard. The backbeats of downtown Los Angeles' skid row caroled them through Christmas Eve. By early Christmas morning, hundreds of homeless and near-homeless families had crowded into a line that wrapped around the Midnight Mission's block. Many had camped out since 11 a.m. Monday to make sure their kids would get toys, meet Santa Claus and celebrate Christmas in a way that wouldn't otherwise be possible.
BUSINESS
December 24, 2012 | By Andrew Tangel
Stocks continued their slide in a shortened Christmas Eve trading session as hope dimmed that Washington would fix the fiscal cliff before year's end. The Dow Jones industrial average was down 38 points, or 0.3%, to 13,152 shortly after the opening bell on Wall Street. Volumes were expected to be light in the holiday session. The broader Standard & Poor's 500 index lost 4 points, or 0.3%, to 1,426. The technology-heavy Nasdaq was down 9 points, or 0.3%, to 3,012. After Speaker John Boehner's "Plan B" flopped in the U.S. House, investors have become more pessimistic about the chances that Congress and President Obama would resolve the so-called fiscal cliff by Dec. 31. Major U.S. indexes fell about 1% Friday.
OPINION
December 24, 2012 | By Melissa Hart
Two lesbians, a man with Down's syndrome and a Jewish couple walk into a Chinese restaurant on Christmas Eve. Sounds like the setup to a joke, yes? Nope. This is my family, doing what we've done for a decade. Separated by differing philosophies, as well as locations, we have no other tradition. I don't know who got the idea to spend Dec. 24 eating egg rolls and mu shu pork at a Chinese restaurant in Ventura. Doesn't matter. Regardless of what political and social arguments have ensued during the year, we all drive or fly in to go to the restaurant and the big round table by the fish tank.