Advertisement
YOU ARE HERE: LAT HomeCollectionsDebt
IN THE NEWS

Debt

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.
Advertisement
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
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.
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
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.
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.
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
BUSINESS
February 4, 2010 | By Ronald D. White
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....
Los Angeles Times Articles
|