BUSINESS
May 22, 2012 | Los Angeles Times
HealthCare Partners, the Torrance owner of physician groups in Southern California, Nevada and Florida, agreed to be acquired in a $4.42-billion deal by dialysis chain DaVita Inc., as large healthcare companies continue snapping up doctor groups and clinics. HealthCare Partners, a privately held company led by founding physician and Chief Executive Robert Margolis, is becoming the latest big medical group swept up in a consolidation wave triggered by federal government efforts to tame rising healthcare costs.
WORLD
May 22, 2012 | By Alex Rodriguez, Los Angeles Times
ISLAMABAD, Pakistan - As U.S. frustration with Pakistan's six-month blockade of Afghanistan-bound supplies became painfully apparent Monday at the NATO summit in Chicago, Pakistanis are growing worried that their government's negotiating strategy could cost their country millions of dollars in American aid and jeopardize its prospects for a voice in Afghanistan's postwar future. For weeks, U.S. and Pakistani officials have been negotiating a new set of transit fees that would pave the way for the reopening of routes that NATO convoys used to ferry fuel and nonlethal supplies from the southern port of Karachi to the Afghan border.
BUSINESS
May 20, 2012 | Liz Weston, Money Talk
Dear Liz: Our mother just turned 64, and our father is divorcing her. She hasn't worked in years because of significant physical and mental health issues. My sister and I have been trying to figure out how she's going to survive on $750 a month, which is the equivalent of half his Social Security. She has always had serious issues with money management, which is why there are no retirement savings or a house. We are now about to embark on the maze of social service benefits that an older woman below the poverty line can receive, partly so we can decide whether she's better off staying put where she is in Arkansas, moving to my sister's in Texas, moving to be near me in Maryland, or moving to her childhood home of Chicago, where most of her friends are. For a lot of complicated reasons (mostly related to the mental health issues)
CALIFORNIA | LOCAL
May 20, 2012
Dietrich Fischer-Dieskau Renowned baritone championed German lieder Dietrich Fischer-Dieskau, 86, a renowned baritone who led a worldwide revival in popularity for German lieder, died in his sleep Friday at his home in the southern German city of Starnberg, his family said. The respected interpreter of classical art songs and opera performed for more than five decades primarily on European stages while also touring worldwide and recording extensively. He became best known for his renditions of songs by Franz Schubert and Gustav Mahler.
WORLD
May 19, 2012 | By Henry Chu and Lauren Frayer, Los Angeles Times
LONDON - The alarm over potential bank runs in Greece and Spain this week has highlighted an often-overlooked fact: Europe's debt crisis is also, in many ways, a major banking crisis. In capitals such as Athens, Madrid and Rome, large portions of the sovereign debt racked up by spendthrift governments are owed to the countries' own banks, locking governments and the banks in an embrace so tight that disaster for one would almost certainly spell doom for the other. International bailouts for Greece, Ireland and Portugal have helped to keep not just their governments but also their banks afloat, as well as financial institutions in other parts of Europe with large exposure to those nations' debts.
CALIFORNIA | LOCAL
May 19, 2012 | By Joel Rubin, Los Angeles Times
In the face of privacy concerns, the Los Angeles Police Department has agreed to change the way it collects information on suspicious activity possibly related to terrorism. The department, after coming under fire from civil liberties and community groups, will no longer hold on to so-called suspicious activity reports that the LAPD's counter-terrorism unit determines are about harmless incidents. Until now, the department stored the innocuous reports in a database for a year.