CALIFORNIA | LOCAL
October 21, 2013 |
Lawrence Klein, the University of Pennsylvania economist who won the 1980 Nobel Prize for his computer-based models that help governments forecast the future and act accordingly, died Sunday at his home in Gladwyne, Pa. He was 93. His family announced his death but did not disclose the cause. The Royal Swedish Academy of Sciences awarded Klein the 1980 Nobel Memorial Prize in Economic Sciences "for the creation of econometric models and the application to the analysis of economic fluctuations and economic policies.
October 16, 2013 |
The Rembrandt self-portrait that the Getty Museum recently purchased for an estimated $25.1 million has been cleared by British authorities for export and is expected to arrive in Los Angeles within one to two weeks, according to Timothy Potts, director of the museum. In May, the Getty announced its purchase of "Rembrandt Laughing" from a dealer. The small-scale oil painting, which depicts the artist with a mirthful expression, is believed to have been created around 1628. Soon after the announcement, British authorities put a freeze on the export license for the work.
October 2, 2013 |
SIDROLANDIA, Brazil - Early one morning in May, gunfire rang out in a rural encampment of the indigenous Terena tribe in southwestern Brazil, killing Oziel Gabriel, who had been carrying a bow and arrow. Though violent disputes over land between farm owners and tribesmen aren't uncommon in Brazil, this case has drawn attention because witnesses say Gabriel, a school janitor in his mid-30s, wasn't shot by pistoleiros - hired gunmen sent by farm owners to clear native Brazilians off the land - but by uniformed police officers.
September 30, 2013 |
The new Toyota Corolla has barely hit car dealers but Toyota is already saying it plans to export the U.S.-built version of the compact sedan to 18 countries in Latin America and the Caribbean starting next year. Toyota said about 7,500 of the cars, which will be built at the Toyota factory in Tupelo, Miss., will be exported next year. “These shipments are expected to build upon Toyota's all-time record export of more than 124,000 U.S.-assembled vehicles to 21 global markets in 2012, an increase of 45% over the prior year,” the automaker said in a statement.
September 17, 2013 |
Hefty export growth has pushed the economic recovery for many cities around the country, but the U.S. is still below its potential. The top 100 metro areas in the U.S. account for 64% of the nation's total exports, and all but one of these regions had exports increase in the 10 years since 2003, according to a report by the Brookings Institution Metropolitan Policy Program. "Exports have been a critical driver of the post-recession recovery in the U.S. and its metro areas," said Brad McDearman, a director of the institution's Metropolitan Export Initiative.
CALIFORNIA | LOCAL
September 6, 2013 |
A Los Angeles-based U.S. Customs and Border Protection officer and his two brothers have been charged in an international weapons-smuggling scheme, federal prosecutors announced. Authorities allege Wilfredo Maralit, 48, and his brothers - Rex Maralit, 44, a New York City police officer, and Ariel Maralit, 43, who lives in the Philippines - illegally shipped high-powered, military-grade assault and sniper rifles, pistols and other firearm components from the U.S. to the Philippines.