April 6, 2014 |
The stock market is hitting new highs - just as corporate profit growth is slowing to a crawl. Rising earnings helped drive share prices to a series of record peaks in the last few years. But that dynamic could be tested this week when companies such as Alcoa Inc. and JPMorgan Chase & Co. begin releasing first-quarter results. Quarterly profits are expected to drop for just the second time in four years. The decline would be relatively small: 1.2% for companies in the Standard & Poor's 500 index, according to FactSet Research Systems.
April 1, 2014 |
Each Los Angeles County sheriff's deputy is supposed to carry a card at all times that sets forth the department's core values, embodied in a single sentence pledging respect, integrity, wisdom and "the courage to stand against racism, sexism, anti-Semitism, homophobia and bigotry in all its forms. " The card has been variously called inspirational and plain silly, but if it's silly, its silliness lies not in the values expressed but in the notion that words on a card could, by themselves, imbue deputies with values that they do not already hold or that are not instilled in them in training and reinforced each day on the job. News reports and anecdotal tales of inmate abuse, the hazing of new deputies and disrespect paid to the communities it is supposed to protect suggest that the department has a long way to go to make its core values more than words on a card.
March 27, 2014 |
CAPE TOWN, South Africa - When South African airport officials threatened to send Dr. Paul Semugoma back to his native Uganda, he shook with fear. Semugoma, an outspoken gay activist, was determined to remain in this country, where he has lived for two years, rather than be sent back to one of Africa's most homophobic countries. Held by immigration officers after returning to South Africa with an expired visa, he was allowed to stay only after an outcry from human rights groups mindful of new legislation in Uganda calling for life in prison for those who engage in repeated acts of gay sex. The harshness of the law signed days later by Ugandan President Yoweri Museveni - and similar strictures in more than three dozen African nations - is triggering a profound reaction in Africa.
CALIFORNIA | LOCAL
March 22, 2014 |
A 10-year-old student from Noble Avenue Elementary School in North Hills visited the Cathedral of Our Lady of the Angels last week on a diplomatic mission. Jersey Vargas, a fourth-grader, was about to leave for Rome and a possible visit with Pope Francis, but first she wanted to ask Archbishop Jose H. Gomez for his blessing and his help. Jersey said she hoped the archbishop will "help my Dad out, so he can be with me and my family, and we won't be separated ever again. " Her father has been in custody since September, Jersey told me. She said he "was caught driving without a license, and because he wasn't born in the United States, that also didn't help him out….
March 22, 2014 |
WASHINGTON - Hoping to get pot legalized in Nevada, an investment firm specializing in the fast-growing marijuana industry invited the ballot initiative's backers to pitch 150 financiers at a Las Vegas symposium. Within 10 minutes, they raised $150,000. Political contributors are not the only ones taking notice of the new realities of the marijuana business, said San Francisco-based ArcView Chief Executive Troy Dayton, who estimated his group would pump about $500,000 into pot this year.
CALIFORNIA | LOCAL
March 21, 2014 |
A 55-year-old man was charged Friday with four felony counts after police allegedly found three pipe bombs in his SUV during a traffic stop in Northridge. David Patton, of Encino, had allegedly been driving with one of the pipe bombs between his feet on the floorboard when he was pulled over Wednesday for appearing to be "a little bit under the influence of narcotics," LAPD Capt. Stephen Carmona told KTLA-TV . Police discovered the bombs during a more thorough search of his SUV, prosecutors said.