BUSINESS
May 22, 2012 | By Andrew Tangel and Stuart Pfeifer, Los Angeles Times
As Facebook shares continued their slide, regulators launched inquiries into whether privileged Wall Street insiders were alerted to the company's weakening financial projections, leading them to shun the stock or dump shares just as buying was opened to the public. Morgan Stanley, which led the Wall Street effort to bring the social network public, came under fire following reports that the bank had told some favored clients that the bank was cutting its revenue estimates for Facebook.
OPINION
May 20, 2012
People generally don't think of the elderly as nuisance neighbors. They rarely throw loud late-night parties, play loud music or have loud sex. Nevertheless, the issue of elderly group homes is a controversial one in single-family neighborhoods. On a stretch of leafy Sierra Bonita Avenue near Hollywood, an operator of board-and-care facilities wants to tear down a duplex and construct an 11-bed facility for elderly residents suffering from dementia. In theory, that's fine: According to state law, a city cannot prohibit licensed care facilities that meet the zoning requirements.
ENTERTAINMENT
May 13, 2012 | By Suzanne Muchnic, Special to the Los Angeles Times
The pace is picking up on the massive conservation project in process at the Southwest Museum in Mount Washington. The end is almost in sight: Only 36,000 objects to go! In 2003, when the poverty-stricken institution merged with the more affluent Museum of the American West under the umbrella of the Autry National Center in Griffith Park, the first priority was to save the Southwest's collection of about 250,000 Native American artworks and artifacts. Second only to the holdings of the National Museum of the American Indian inWashington, D.C., the collection had been inadequately housed for decades and further damaged by earthquakes, water and insects.
ENTERTAINMENT
May 11, 2012 | By Scott Collins, Los Angeles Times
Earlier this week, long-languishing NBC ordered a fall sitcom with an apt title: "Save Me. " As they get ready to roll out their fall lineups next week in New York, rival networks know the feeling. TV executives are scrambling to counter steep drop-offs among young-adult viewers and some record-low series ratings this spring. Fox's once-dominant singing show"American Idol" has seen ratings tumble by nearly 30% to its lowest totals since summer 2002, according to Nielsen. Of the Top 10 programs this season among total viewers, not a single freshman series makes the cut. And for viewers ages 18 to 49 - the category most advertisers care about - the only first-season shows to attain genuine hit status areCBS' raunchy sitcom"2 Broke Girls" and Fox's over-the-top singing contest"The X Factor" - both barely scraping under the wire at Nos. 9 and 10 respectively.
NATIONAL
May 9, 2012 | By Kathleen Hennessey and Christi Parsons, Washington Bureau
WASHINGTON - President Obama's decision to endorse same-sex marriage staked out a stance that carries uncertain political risks but one he said was rooted in the biblical admonition "to treat others the way you would want to be treated. " Obama's endorsement Wednesday, a milestone for the gay rights movement, was the first from a sitting president and a potentially powerful tail wind for a cause still struggling for electoral approval. It comes as the country remains divided over whether same-sex marriages should have the same recognition and legal standing as traditional ones, and six months before an election expected to be so tight it may hinge on small slices of votes in a handful of key states.
ENTERTAINMENT
May 8, 2012 | By Steven Zeitchik, Los Angeles Times
BRISTOL, Conn. - In the bid to build the perfect sports talk show, competition abounds - from the Web, talk radio and, most important, from established ESPN shows such as "Pardon the Interruption. " And yet within this crowded field, ESPN2's sports-debate show "First Take" - a daily two-hour program that alternates between rancor and depth - has flourished. Featuring the commentator Skip Bayless and a rotation of guests that includes pundit Stephen A. Smith, the show with a mix of hectoring and (sometimes)