BUSINESS
May 23, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON — The public won't be protected from the type of risky bets that led to the huge trading loss at JPMorgan Chase & Co. until new rules are approved to allow better monitoring of complicated derivatives transactions, two key federal regulators told a Senate committee. As it was, the heads of the Securities and Exchange Commission and the Commodity Futures Trading Commission said Tuesday that they learned of the unusual trading activity that led to JPMorgan's $2.3-billion trading loss through media reports.
SPORTS
May 22, 2012 | By Houston Mitchell
ESPN reporter Erin Andrews is dating "Gossip Girl" actor Chace Crawford, US Weekly is reporting. Andrews and Crawford are "getting to know each other," according to the report. Chace Crawford is the brother of Candice Crawford, who married Dallas Cowboys quarterback Tony Romo in 2011. That should make sideline interviews on the Dallas Cowboys side of the field interesting for Andrews. Now some may be wondering, "What is this doing on a sports blog?"
BUSINESS
May 22, 2012 | By Ryan Faughnder, Los Angeles Times
A federal administrative judge ruled that pomegranate juice maker Pom Wonderful used deceptive advertising when it implied its products could treat or prevent serious diseases and other medical conditions. Judge D. Michael Chappell upheld much of a 2010 Federal Trade Commission complaint against the Los Angeles company owned by Lynda and Stewart Resnick. The judge said in his decision issued Monday that Pom used "insufficient" evidence to back its claims that Pom products "treat, prevent or reduce the risk of heart disease, prostate cancer or erectile dysfunction.
OPINION
May 21, 2012
Carlos DeLuna was, in all likelihood, murdered by the state of Texas on Dec. 7, 1989. It's hard to come to any other conclusion after reading an exhaustive analysis of his case published online by a Columbia law school professor and his students. And he may not be the only innocent death row inmate executed by that notably bloodthirsty state. Cameron Todd Willingham, a man whose conviction for setting a fire that killed his three young daughters was based on spectacularly shoddy forensics work, was injected with a death cocktail on Feb. 17, 2004.
TRAVEL
May 20, 2012 | By Catharine Hamm, Los Angeles Times
Question: My wife and I recently returned from a nine-day trip to London, and we noticed that all the hotel staff was from non-British European countries and a few from countries in Africa. We also noticed that all the staff at the restaurants and some of the staff at the pubs where we ate and enjoyed their ales were from other European countries. Is this because these are jobs British workers do not want to do, or are there other reasons for this? Ben Juarez Los Angeles Answer: If you don't believe London is a world city, take a look at its restaurants.
OPINION
May 20, 2012 | Doyle McManus
The Supreme Court is about to toss a judicial bomb into the middle of the presidential campaign, and nobody knows what impact it will have. The bomb, of course, is the court's ruling on President Obama's healthcare law, which is expected next month. At first glance, the political implications might look simple. If the court upholds the law, Obama's biggest legislative achievement, the president wins; if the court declares the law unconstitutional, he loses. COMMENTARY AND ANALYSIS: Presidential Election 2012 But as with many things in politics, it may not be that simple at all. If the court upholds the law, Obama will hail the decision as proof that he was right all along.