June 5, 2012 |
WASHINGTON -- The Congressional Budget Office warned the nation's public debt load is projected to hit dangerously high levels by September - roughly 70% of the nation's gross domestic product -- a milestone not seen since World War II, underscoring the crucial decisions facing Washington and the candidates in this presidential election year. The report Tuesday from the nonpartisan budget office throws into stark terms the challenges facing the U.S. economy and the dangers of congressional inaction.
August 25, 2012 |
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.
December 14, 2012 |
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.
October 17, 2013 |
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 |
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
June 5, 2013 |
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.
January 27, 2013 |
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.
February 4, 2010 |
Moody's Investors Service has downgraded $1.7 billion in bonds for the Alameda Corridor Transportation Authority, which oversees the 20-mile rail route built to speed the flow of cargo from the ports of Los Angeles and Long Beach to retail shelves across the U.S. Moody's on Wednesday lowered ratings on the senior lien bonds to A3 from A2 and subordinate lien bonds to Baa1 from A3. It also put the ratings on a watch list for possible further downgrades....
CALIFORNIA | LOCAL
February 13, 2014 |
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.
June 27, 2012 |
BERLIN - As European leaders gather in Brussels on Thursday for a two-day summit aimed at resolving the Eurozone's debt crisis, German Chancellor Angela Merkel's response to the most aggressive proposal pushed by her neighbors is, in essence: Over my dead body. With borrowing costs for Spain and Italy approaching unsustainable levels, European Union leaders have stepped up their pressure on Germany to accept solutions it has long resisted. But Merkel, whose country has Europe's largest economy and probably will foot the highest share of the bill for rescuing its struggling neighbors, has dug in her heels.