Advertisement
YOU ARE HERE: LAT HomeCollectionsDefault
IN THE NEWS

Default

BUSINESS
April 23, 2011 | By Julie Mianecki, Los Angeles Times
Tasha Younger has been one of the hidden statistics in the growing number of graduates and former students overburdened with education loans. The 38-year-old mother of two — still trying to pay off her loans a decade after quitting nursing school — has been delinquent on her monthly payments but never in default. Statistics typically show how many students simply fail to make payments. But a recent survey has found that for every person who defaults on student loans, at least two more are like Younger: late or short on payments.
Advertisement
BUSINESS
July 24, 2011 | Michael Hiltzik
For lawmakers at every level of government, there are two unalterable prerequisites for making bad policy. One: Paint yourself into a corner. Two: Run yourself up against an implacable deadline. Both conditions are spectacularly displayed in the ongoing Washington cabaret over the federal debt ceiling. As I write these words, President Obama and congressional leaders are locked in a high-stakes tug of war over raising the debt ceiling, which the Treasury Department says must be done before Aug. 2 to keep the U.S. from defaulting, for the first time, on its bonds.
OPINION
September 29, 2013 | By Michelle N. Meyer and Christopher Chabris
News came last month that the Obama administration, following the lead of British Prime Minister David Cameron and his government's so-called Nudge Unit, is recruiting behavioral scientists to help shape regulatory policy. Nudges are ways of offering choices that make people more likely to choose a particular option but preserve their ability to make a different choice. This usage of "nudge" was coined in 2008 by economist Richard Thaler and legal scholar Cass Sunstein, but the concept was first studied more than a decade ago by economist Brigitte Madrian and insurance executive Dennis Shea.
BUSINESS
November 12, 2012 | By Stuart Pfeifer, Los Angeles Times
VACAVILLE, Calif. - His jaw clenched beneath a blue surgeon's mask, Opanin Gyaami jerks his right arm and pulls out a prize: the decayed tooth of patient Larry Butler, also known as state prison inmate J22312. By the time he is done, Gyaami's smock and mask are spotted with the inmate's blood. He gently pats Butler on the shoulder and wishes him well. The 71-year-old dentist reports to the state prison in Vacaville day after day, long past retirement age. He wishes he could have hung up his drill and forceps years ago, but he's still paying off a student loan.
BUSINESS
October 17, 2012 | By Pat Benson
Foreclosures started in California have dropped to the lowest level since early 2007, the latest sign that the housing market is rebounding faster than analysts expected. Join us for a live video chat on the state of real estate in California and the nation at 3 p.m. PDT with Times real estate editor Nancy Rivera Brooks and consumer columnist David Lazarus. We invite you to join in on the conversation by posting comments and questions below. LIVE VIDEO DISCUSSION: Join us at 3 p.m. today Notices of default fell 10.2% from the previous quarter and were down 31.2% from the same period last year, San Diego-based DataQuick reported Wednesday.
NATIONAL
October 7, 2013 | By Lisa Mascaro and Michael A. Memoli
WASHINGTON - One is a former Texas talk-radio host who had never held public office until he won a seat in Congress in the 2010 tea party wave. Another is an MIT-educated inventor who has all but shelved his scientific pursuits to reinvent government. Others are back-bench, right-wing lawmakers who have served in Congress for years but suddenly find their once far-afield views have more currency within their party. These are the House Republicans who have convinced Speaker John A. Boehner (R-Ohio)
CALIFORNIA | LOCAL
June 4, 1995
Is it only a coincidence that most of the article ("Default on Debts Would Hurt O.C.--but How Much?" May 30) on a possible Orange County debt default is adjacent to the obituaries? JANICE H. HILL San Clemente
BUSINESS
July 23, 2013 | By Alejandro Lazo
New California foreclosure filings rose considerably in the first quarter over the second but were still down 53% from the same period a year prior and held to their second-lowest level in seven years. Notices of default shot up 39% in the second quarter, according to a report by the real estate firm DataQuick. Lenders filed 25,747 notices of default during the three-month period that ended June 30.  Nevertheless, it was the lowest level since the fourth quarter of 2005. The big increase came after notices of default plunged during the early months of 2013 after the so-called “Homeowner Bill of Rights” went into effect.
Los Angeles Times Articles
|