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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.
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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)
ENTERTAINMENT
May 31, 2012 | By Ben Fritz
Independent studio Relativity Media has received a much-needed infusion of cash thanks to its new billionaire patron, Ron Burkle. The supermarket magnate, who acquired a large minority share in the movie company behind"Immortals"and"Mirror Mirror"in January, anchored a new $350-million debt-financing round that Relativity has finalized. The money will allow Relativity and its chief executive, Ryan Kavanaugh, to get back into producing movies and start building out the company's 2013 slate.
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
June 5, 2013 | By Rick Rojas
Two alleged pimps - accused of smuggling a Mexican woman into Orange County and forcing her into prostitution to pay off the debt of an ill family member - were arraigned Wednesday on charges related to human trafficking and prostitution, prosecutors said. Victor Lara Romero, 32, and Gustavo Romero Clemente, 35, have each been charged with one felony count of human trafficking, one felony count of pimping and one felony count of pandering, according to a statement from the Orange County district attorney's office.
BUSINESS
April 25, 2010
Recent university graduate Amy Horwath has grasped the golden ring in this weak economy: a job in her chosen field. Just one problem: She's $50,000 in debt, mostly student loans. "Sometimes it seems overwhelming," said Horwath, 23, sitting in her small apartment, where her Cornell University diploma for hotel administration hangs on the wall. "I feel like I'm barely treading water." Horwath belongs to a generation of college graduates who traded debt for degrees. Graduating seniors leave college with an average of $23,000 in student loans, according to FinAid, a student financial aid website.
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
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
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.
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