Column

Start-up companies generally get their money from two sources: professional venture investors and, a few years down the road, stock market investors. What's the difference? Here's how one of the smartest high-tech entrepreneurs I know puts it: "Venture money is expensive money, but it's smart money. Stock market money is cheap money, but it's dumb money. " Facebook is about to cannonball itself into a vast pool of dumb money. The big social media company is expected to announce its initial public offering as soon as Wednesday.

What spreads almost as fast as necrotizing fasciitis, a.k.a. flesh-eating infection? News stories about it. Surely by now you've heard about the horrifying case of Aimee Copeland, the 24-year-old Georgia graduate student who cut her leg on May 1 and was on life support by May 4. When Copeland regained consciousness, much of the plugged-in world knew what she still did not: Her left leg had been amputated, skin on her abdomen had been removed and...

Dear Liz: I graduated from college last summer and was lucky enough to get full-time employment. However, I have a great deal of college debt, including private and federal loans. Are there government programs that help pay back college loan debt? Do you have any suggestions? I cringe at the thought of paying double what I owe over the life of the loan because of interest and want to get this debt under control in the next few years instead of 15. Answer: Your eagerness to pay off your student loan debt is admirable and is particularly appropriate when it comes to your private student loans.

A bleary-eyed Chui Hom tripped down her apartment stairs at 8 a.m. sharp and started her car. She didn't get far. The vehicle inched across Riverside Terrace, a narrow one-way lane in Echo Park, and stopped on the other side. Hom is part of Los Angeles' Great Street-Sweeping Do-Si-Do. Twice a week, residents of Koreatown, Pico-Union and other neighborhoods with more apartments than parking spaces race to their cars, hoping to move them before parking enforcement officers arrive and ticket them for blocking street sweepers.

'Life is short. Have an affair." That's the slogan of the Ashley Madison dating service, a website for people who want to cheat on their partners. That's right, unlike traditional Internet dating sites -- where you're expected to say you're unattached no matter what the truth is -- Ashley Madison is honest about its duplicity. Unlike match.

BALTIMORE -- The amazing story moved up to incredible. I'll Have Another ran true to his name. On a Saturday that brought blue skies, perfect temperatures and a record crowd of 121,309 here at venerable Pimlico racetrack, the horse who has never been favored in a race and has been mostly under-appreciated by the public, even the racing public, won the 137th Preakness. Now, it is I'll Have Another who will take a shot at history. The last horse to win the Triple Crown was Affirmed in 1978.

So, against all odds, you managed to get your hands on a few shares of Facebook stock via one of the most hyped initial public offerings of all time and managed to survive its messy first day of trading. Congratulations. You're now married to Mark Zuckerberg. The 28-year-old company founder is today one of the most deeply-entrenched chief executives in American business. Thanks to a two-class stock structure, Zuckerberg will own about 28% of Facebook but control 57% of all shareholder votes.

OKLAHOMA CITY — It was Mount Rushmore crumbling, piece by piece. It was the Grand Canyon shrinking, inch by inch. It was the greatest closer in basketball history closing a playoff game — and perhaps a season — down upon his own fingers with such force that an entire city still wails in shock and pain. Leading the Oklahoma City Thunder by seven points with two minutes remaining in Game 2 of their second-round series Wednesday, the Lakers put the ball in the hands of the great and trusted Kobe Bryant.

After spending a season fighting age, battling immaturity, struggling with old habits and jabbing with a new coach, the Lakers have ended up where we pretty much thought they would. Out of breath and on the ropes. Their veteran star is exhausted and annoyed. Their kid center is angry and distant. Their power forward is uncertain and embattled. And their season is officially on the brink after they blew a 13-point lead in a 103-100 loss to Oklahoma City on Saturday in the fourth and perhaps deciding game of their first-round playoff series.

Gov. Jerry Brown is testy. He's defensive. He's very frustrated. He's only human, after all - not a demigod, not the all-wise, powerful supergov he portrayed himself to be when running for the office. It's hard to know who believed that portrayal the most: the voters, the Sacramento insiders or the candidate himself. Regardless, it hasn't panned out the way most people had hoped, and certainly not the way Brown had envisioned. So on Monday, he was in the governor's press conference room - built by his father, incidentally - trying to explain why the state budget hole had grown 71% deeper since January, expanding from $9.2 billion to $15.7 billion.

There was a moment in the postseason when I asked Lakers Coach Mike Brown if he had any idea how his team would respond to that evening's challenge, and his answer stunned me. "I really don't have any idea," he said. He admitted he could not predict its energy or focus but added that he didn't think any NBA coach was capable of such powers. Well, Phil Jackson always seemed to know, and Pat Riley made a cottage industry out of knowing, and though it is unfair to compare Brown with two of the best coaches in NBA history, it is completely fair to wonder if he fits into the Lakers' championship culture.

The Kings were five points out of a playoff spot and stood a wobbly 11th in the Western Conference on Dec. 22, the day Darryl Sutter made his debut as their coach. The team he took over was flailing. General Manager Dean Lombardi thought he had acquired the final pieces for a contender six months earlier when he traded for center Mike Richards and signed free-agent winger Simon Gagne, but the offense was sputtering. Coach Terry Murray's defense-oriented foundation had become the team's ceiling, leaving no room for skill or creativity.

That ray of light you see peeking through all the clouds darkening California's future? That's the sun. More specifically, solar power, in which California is the hands-down national leader. The state's installed solar generating capacity of about 1.2 gigawatts - the equivalent of two big conventional power plants and enough to fill the electrical demand from nearly 200,000 homes for a year - easily outstrips the next 10 highest-ranked states. It's also the fastest-growing solar market in the country.

Dolores Huerta runs on righteous ferocity the way cars run on gasoline. The woman who co-founded the United Farm Workers union 50 years ago with Cesar Chavez has harried, prodded, hectored, rallied and protested. She's been arrested more than a score of times, and once, picketing in San Francisco, she was beaten so badly by a police officer that her spleen was ruptured. You'd be hard-pressed to tell, the way she bounces around the Central Valley, a woman on many missions. So, can she stand still next week in Washington long enough for President Obama to present her with the Medal of Freedom, along with honorees such as Toni Morrison, John Glenn and Bob Dylan?

The voice on the phone was animated, a Kings fan talking about the team's run to the Stanley Cup Final with the passion typical of their loyal, long-suffering audience. "It's been unreal what they've done and what they've accomplished so far," Wayne Gretzky said Wednesday. "It's been unreal for the organization and it's been great for hockey in California and L.A. We live in L.A., so we're seeing it first-hand how fans are rallying around the Kings and hoping that they bring home the Stanley Cup. "It's been fun to watch.

The current debate over Mitt Romney's tenure at Bain Capital is shaping up to be a centerpiece of the presidential campaign. The Romney campaign should have seen this coming. If Newt Gingrich and Rick Perry were willing to rip Romney for being too capitalistic in a Republican primary, it doesn't take a lot of imagination to expect that Barack Obama and Joe Biden would happily do the same in the general election. Moreover, if you are going to campaign on the idea that you were a private-sector job creator, it's certainly fair game for your opponents to investigate the claim.

BALTIMORE -- Triple Crown horse racing season is a respite. It allows a deep breath for a sport that is desperately seeking reason. The Preakness is similar to pro golf's Saturday. They call it moving day, because it is the last chance to get in position for the big prize. The difference is that, when 11 horses load into the gate here Saturday afternoon, only one can land the big prize, the Triple Crown. That one, Kentucky Derby winnerI'll Have Another, is not only a horse to be admired, but a story with lots of weird chapters.

Dear Liz: My wife and I sold our house and have to be out by the end of the month, but we can't find a place to live because of our bad credit. If we don't move out, we will lose the sale and still have to pay the real estate agent his commission. We've applied with about 65 landlords and each one checked our credit, which has caused our scores to fall further. We live on Social Security checks of $1,367 a month. We're in our 70s and not in good health and we don't need this stress.

Special-teams play is considered crucial to playoff success, but the Boston Bruins won the Stanley Cup a year ago with a so-so power play and the Kings reached the Western Conference finals this spring without getting significant production with a man advantage. The Kings also won their first three games against the Phoenix Coyotes despite scoring only two power-play goals, each generated during a two-man edge in Game 2. But their power play's failings were magnified Sunday when they had a chance to advance to the Stanley Cup finals but were stymied six times in a 2-0 loss that sent the series back to Jobing.com Arena in Glendale, Ariz., on Tuesday.

GLENDALE, Ariz. — The Clarence Campbell bowl, awarded to the champion of the NHL's Western Conference, is not what the Kings dreamed of lifting or kissing or winning this season. Always, their goal was to win the Stanley Cup, as preposterous as it seemed while their offense went stale and they struggled to score goals and went through the turmoil of a midseason coaching change. Sometimes it seemed that they alone believed, that they alone saw what they could become with the right tweaks and right coach and right approach.