February 13, 2010 |
Archimedes, who knew about such things, said that with a long enough lever and a solid place to stand, he could move the world. Watching Mayor Antonio Villaraigosa trekking around the city this week, making the case for dramatic action to correct the structural deficit that threatens to push Los Angeles into insolvency, was a bit like watching a man intent on moving the civic world as we've known it. And it was clear he believes he's found his...
November 11, 2000
If there is to be punishment for USC's fumbles, interceptions and holding in the second half against Arizona State, fire sophomore players, not coaches. Seriously, when this young team finally plays consistent for 60 minutes, we'll have a winner. It will happen. Let's not set the program back two or three years with a fourth consecutive head coach execution. This hard-core partisan Trojan alumnus now says stay the course with Hackett. GREG I. ANDERSON Pasadena We had them beat bad. We blew a huge lead.
January 28, 1986 |
Federal commodities regulators said Monday that they will ask Congress to outlaw leverage contracts, the futures-like investments that have historically generated a disproportionate number of fraud complaints to government authorities. The request, embodied in the Commodity Futures Trading Commission's 1986 reauthorization proposal to Congress, represents at least the fifth time since 1975 that the CFTC has tried to ban leverage contracts or subject its promoters to strict regulation.
April 9, 2012 |
AOL's surprising sale of 800 patents to Microsoft for about $1.06 billion gives the company a cash infusion that Wall Street seems to like. Although neither company is saying what the patents cover, what Microsoft actually bought was leverage. "Patents are nothing but a license to sue," to exclude others, said Alexander Poltorak, chairman and chief executive of General Patent Corp. A license to sue, but an opportunity to strike a deal. "Only [between] 3 and 4% of patent lawsuits end up in trial," with most ending up in an arrangement beneficial to both companies, he said.
CALIFORNIA | LOCAL
April 13, 1991 |
A major renovation of the city-owned Meadowlark Golf Course may give the city some control over the facility for the first time in 16 years. Under an agreement the city signed in 1975 that turned over operation of the 50-year-old course to a private firm, the city collects a portion of Meadowlark's revenues but has had no authority over physical conditions or the fees charged.
September 16, 1994 |
NHL Commissioner Gary Bettman, who last week got the league's first over-the-air network TV contract in 20 years, is expected to use that deal to try to gain concessions from the NHL Players Assn. when the sides resume labor talks today in New York. Bettman was the force behind a five-year, $155-million agreement with the Fox network, as well as significant sponsorship ties.
April 10, 1994 |
Nothing makes disaster more bearable than having someone to blame. As stock and bond managers took metaphorical plunges off Wall Street window ledges two weeks ago, they showered curses on the owlish head of Alan Greenspan, chairman of the Federal Reserve Board. Allegedly, by raising interest rates just the tiniest amount, Greenspan had touched a tripwire, that nudged over a domino, that blew open a dam, that wiped away a half-trillion dollars of the world's paper wealth.
May 30, 1986 |
Are you better off today than you were yesterday? The Bureau of Labor Statistics has wage figures spanning the decades since 1964 that say no. We've seen a lot of change since then. Economically, we had wage and price controls in the early 1970s and supply-side economics in the early 1980s. Inflation ballooned to frightening proportions and now appears to have subsided.
January 26, 1998 |
Green Bay Packer running back Dorsey Levens is going to be one of the big winners of Super Bowl XXXII--no matter which team wins. After riding the bench for two seasons, then splitting time with Edgar Bennett in 1996, Levens became Green Bay's featured running back when Bennett suffered a season-ending Achilles' tendon injury last summer. He responded to the new role by rushing for 1,435 yards--39 short of Jim Taylor's franchise record.
CALIFORNIA | LOCAL
September 1, 1988 |
When historians begin to assess the effect of Ronald Reagan's stewardship in the last eight years, they are apt to come to a surprising conclusion: The President's most important legacy will be the evolution that he has spurred in the Soviet Union rather than the revolution that he is given credit for in the United States.