WORLD
May 19, 2012 | Henry Chu and Lauren Frayer
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.
WORLD
May 22, 2012 | David S. Cloud and Kathleen Hennessey
When the White House sent a last-minute invitation for Asif Ali Zardari to attend the two-day NATO summit, they were taking a highly public gamble. Would sharing the spotlight with President Obama and other global leaders induce the Pakistani president to allow vital supplies to reach alliance troops fighting in Afghanistan? But long before the summit ended Monday, the answer was clear: No deal. Zardari's refusal to reopen the supply routes left a diplomatic blot on a summit that NATO sought to cast as the beginning of the end of the conflict in Afghanistan.
BUSINESS
March 5, 2012 | By Ronald D. White, Los Angeles Times
Gasoline prices are keeping up their record-setting ways. California drivers paid an average of $4.358 for a gallon of regular gasoline, up 6.6 cents from a week earlier, the Energy Department said Monday. That's a fresh record high for this time of year and is 48.4 cents above the year-earlier price. Nationally, the average rose 7.2 cents to $3.793, also a record for this week, according to Energy Department statistics. A year earlier, the average U.S. price was 27.3 cents lower.
ENTERTAINMENT
July 12, 2010 | By David Ferrell, Special to the Los Angeles Times
Few rites of passage are more fraught with collective angst than the kids leaving home. Parents stare at empty bedrooms and brood over noiseless dinners. Young people discover that freedom brings unwanted responsibilities and challenges they may not be ready to handle. Relationships change. No blueprint sets forth how to break away or even when, since some children fly the nest at 18, some bolt in their 20s, and some never summon the gumption — or these days have the money or job — to go at all. "Nobody is correctly equipped to manage what's happening," noted Los Angeles-based author and psychotherapist Stacy Kaiser.
BUSINESS
June 27, 1989
Arnold Nudell has resigned as president of Infinity Systems, a stereo loudspeaker producer in Chatsworth, which he co-founded 21 years ago with Cary Christie, the company announced Monday. Christie, 44, who had been executive vice president, was named to succeed Nudell, 52. Infinity, which is one of the biggest loudspeaker manufacturers in the nation, is owned by Harman International Industries, an audio products concern based in Washington. Christie said Nudell's reasons for leaving "are personal and we're leaving them that way."
ENTERTAINMENT
January 4, 2010
Dear Amy: Recently I reconnected with a woman I knew more than 25 years ago. We e-mailed, texted and spoke by phone. A few months ago, I was in her hometown and she came to my hotel. We had a few drinks and spent the night together. We continued our conversations, and recently I was at a convention where she also was and we spent the week together. We virtually skipped the convention and just enjoyed each other's company. More recently, I was back in her town and we spent another few days together.