March 31, 2014 |
Washington state accused the federal government Monday of missing crucial legal deadlines to clean up 56 million gallons of highly radioactive waste at the former Hanford nuclear weapons site in southeastern Washington, demanding a new set of schedules by April 15. Gov. Jay Inslee and state Atty. Gen. Bob Ferguson sent a letter to Energy Secretary Ernest J. Moniz demanding that eight new double-shelled storage tanks be built to hold waste that is in leaky underground tanks with single steel walls.
March 28, 2014
Re "Bring on supply-side economics," Opinion, March 23 To quote Ronald Reagan, "There you go again. " Ideologues like Brad Schiller tout supply-side economics once again as a possible cure for our economic woes. Economists teach us about "supply and demand," but it really should be called "demand and supply," because without demand, supply is irrelevant. Demand is what drives everything, including job creation. If you have a line of customers snaking out the door, you will hire employees to meet that demand, regardless of taxes or regulation.
March 27, 2014 |
Population growth in Southern California slowed last year, and that helped lead to softer demand for housing. The number of residents in the seven-county region grew 0.8% to 21.7 million last year, a slight dip from 0.82% growth the previous year, according to figures released Thursday by the Census Bureau. The populations of the Los Angeles, Orange, San Bernardino and Ventura counties grew 0.5% to 0.9%, and Imperial County shrank 0.1%. But populations of Riverside and San Diego counties grew faster than the state as a whole, rising 1.2% and 1.1%, respectively.
March 27, 2014 |
In a sign that the definition of prime office space is undergoing a dramatic shift, an old downtown Los Angeles office complex - once considered second rate - is now outperforming many of its newer, glitzier competitors. PacMutual Plaza, which dates to 1908, was one of the best addresses in Southern California until an unprecedented office building boom in the late 1980s and early 1990s brought a stately new crop of skyscrapers to town. For decades to follow, PacMutual - in the same block as the Biltmore hotel in Pershing Square - was a lower-cost alternative to such elite enclaves of corporate America as U.S. Bank Tower, Two California Plaza and the Gas Company Tower.
March 26, 2014 |
Putting to rest one of its biggest remaining headaches, Bank of America Corp. has agreed to pay $9.5 billion to settle claims by Fannie Mae and Freddie Mac. The government-sponsored mortgage finance giants had demanded compensation from the Charlotte, N.C., bank for losses on securities backed by faulty loans issued during the housing boom. The bank said the settlement, announced Wednesday, resolves all claims against BofA by the Federal Housing Finance Agency, the agency that regulates Fannie and Freddie.
March 26, 2014 |
WASHINGTON -- Demand for cars, aircraft and other durable goods surged last month, a stronger-than-expected rebound after two months of decreases, the Commerce Department said Wednesday. New orders jumped 2.2% in February after declining by 1.3% the previous month and a deep 5.3% in December. Last month's increase was the best since November. Economists had expected an improvement in February, but forecast only a 1% rise. PHOTOS: Federal Reserve chairs through the years Still, aside from a surge in demand for aircraft, the report was not as strong as the top-line numbers indicated.
March 25, 2014 |
KUALA LUMPUR, Malaysia -- Malaysian officials sought Tuesday to allay rising anger in China and widespread doubts at home after their government concluded that Malaysia Airlines Flight 370 had plunged into the south Indian Ocean with no hope for survivors. Defense Minister Hishammuddin Hussein said a high-level delegation would return to Beijing on Tuesday night to meet with families of the Chinese passengers on the lost Boeing 777 jetliner. Hundreds of their relatives marched Tuesday on the Malaysian Embassy in Beijing demanding more information from Kuala Lumpur.
CALIFORNIA | LOCAL
March 25, 2014 |
A Los Angeles County judge signaled Tuesday that Department of Water and Power union chief Brian D'Arcy will have to turn over records showing how two nonprofit trusts he co-directs used $40 million in ratepayer money. D'Arcy has been locked in a political and legal struggle over control of the financial information since September, following a Times report that managers at the utility had only scant information on how the money was spent. In January, City Controller Ron Galperin issued a subpoena to D'Arcy and the nonprofits demanding that they turn over internal ledgers and bank records covering the last five years.
March 22, 2014 |
In a Louisiana swamp several miles upriver from the Gulf of Mexico, about 3,000 construction workers are building a massive industrial facility to liquefy natural gas, preparing for a new era when the U.S. will begin exporting energy around the globe. The $12-billion project is one of the largest single industrial investments in the nation, part of a massive transformation of the energy sector that has led to a boom in drilling, transportation and refining from coast to coast. Five years ago, the idea of exporting U.S. gas and oil was not only unheard of, but, in the case of most U.S. crude oil, illegal.
March 15, 2014 |
FALLON, Nev. - The dairy plant with its tangle of stainless steel pipes rises out of the parched landscape here like a beckoning oasis. Perched on the outskirts of this desert town dotted with small churches and roadside casinos, the factory represents a potential lifeline for nearly two dozen nearby dairy farmers. In a few weeks, every drop of milk collected from the surrounding farms will be brought to the plant and converted into fine powder inside a towering heating chamber specially made for the $85-million facility.