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Debt

NEWS
December 14, 2012 | By Melanie Mason
WASHINGTON -- Fix the Debt, a coalition of business executives and policymakers advocating for sweeping deficit reduction, will release its first television ad Sunday, marking a new phase in the group's efforts to influence the fiscal debate. Formed five months ago as an offshoot of the Center for Responsible Budget Priorities, the nonprofit group has assembled a roster of influential politicians - including Los Angeles Mayor Antonio Villaraigosa and New York City Mayor Michael Bloomberg--and major business leaders.
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BUSINESS
October 17, 2013 | By Michael Hiltzik
To the chronicles of misbegotten corporate adventures with social media, we can add a new, sterling event. The anti-deficit lobbying organization Fix the Debt staged a question-and-answer chat on Twitter Thursday. Its goal presumably was to reach America's smartphone-savvy youth with its message that Social Security and Medicare payments to their grandparents are going to land them in the poorhouse a few decades from now.  It's fair to say that Fix the Debt got more than it bargained for. Twitterers from all over responded to the invitation with pointed, tactless and downright impolite questions.
CALIFORNIA | LOCAL
February 19, 2013 | By Jean Merl
Former Democratic presidential nominee Michael Dukakis and his wife, Kitty, are helping with a "debt retirement" fundraiser for Rep. Brad Sherman (D-Sherman Oaks), who last fall won one of the most contentious -- and most expensive -- House races in the nation. Dukakis, a onetime Massachusetts governor who also helped Sherman raise money during the campaign, and his wife will be guests at a reception Thursday at a home in Studio City. Sherman defeated longtime Rep. Howard Berman (D-Valley Village)
CALIFORNIA | LOCAL
February 13, 2014 | Robin Abcarian
If you are a woman, Gloria Steinem is like an indispensable computer program, always running in the background of your life. You don't always remember that she's there, but without her, your life would be constrained in ways you can hardly imagine. Run for office? Lead a company? Become an engineer? Go to space? Work free of sexual harassment or live on equal legal footing with your husband? Control your own reproductive fate? So many of the rights that women enjoy -- even the most conservative women -- exist because of relentless feminists like Steinem, who, at 79, shows no signs of slowing down.
NATIONAL
January 27, 2013 | By Matt Pearce
Casey Anthony is broke. The Orlando, Fla., woman -- acquitted  of killing her 2-year-old daughter in a trial that riveted the nation -- has $1,084 in assets and at least $792,119 in debt, according to bankruptcy documents filed in a Florida federal court and obtained by local media . The bankruptcy documents were filed Friday, the same day an appellate court threw out two of Anthony's four misdemeanor convictions. The remains of Anthony's daughter, Caylee, were found inside a trash bag near the family home in December 2008.
SPORTS
August 25, 2012 | By Kevin Baxter
Manchester United's decision to go public this month by selling shares on the New York Stock Exchange is another reminder that the financial foundation of European soccer remains in desperate need of repair. Man-U is among the most storied and iconic brands in global sports - and after being valued at $2.2 billion, it's also the most expensive sports franchise in the world. The New York Yankees are relative upstarts when compared to Manchester United, which started play in 1878, a decade before Jack the Ripper claimed his first victim.
CALIFORNIA | LOCAL
October 25, 2000
As a supporter of debt relief for the world's poorest countries (Oct. 19), I am happy to learn that Congress may increase the U.S. debt-relief commitment to $435 million. A victory for the pro-debt-relief coalition? Yes. But generous? No. It's less than one-fourth the cost of one B-2 Stealth bomber. PAT REIF Claremont
CALIFORNIA | LOCAL
July 24, 1986
Could someone explain the value of jump-starting an economic recovery, already sustained for 3 1/2 years by debt, with lower interest rates and yet, more debt? Whenever companies or individuals try this method, as I did some 16 years ago, the result is disaster and for many, like me, bankruptcy. Debt upon debt is not recovery, but, a growing bubble of bills and when it explodes it will drop IOUs on my kids and grandchildren. Of course the reply envelope will be addressed to Washington, D.C. PAUL RICHARD San Francisco
CALIFORNIA | LOCAL
August 7, 2010 | By Scott Gold and Kim Christensen, Los Angeles Times
The small and cash-strapped city of Bell is on the hook for a $35-million bond debt that voters didn't approve — and that the city can't afford to pay off, The Times has learned. The debt, which Bell took on three years ago to buy land near the 710 Freeway, is more than twice the size of Bell's annual operating budget. Come November, the city could lose the land to foreclosure. The city's hope to profit from the purchase fell apart in 2008 after city officials failed to conduct basic environmental reviews.
CALIFORNIA | LOCAL
September 17, 1993
"U.S. Debt: Fatal Millstone or Humdrum Fact of Life" (Aug. 18) insinuates that we shouldn't worry too much about the debt, because the economists haven't agreed on when the boom will fall. Presumably you would be satisfied walking blindfolded toward a cliff, so long as no one told you exactly where the edge was. DERON A. WALTERS, Goleta
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