September 22, 2012 |
WASHINGTON — Three states have joined a lawsuit challenging a key provision of the Dodd-Frank financial reform law enacted in 2010. The attorneys general of Michigan, Oklahoma and South Carolina argued that the federal government's new power to liquidate large, non-bank financial companies that are on the brink of failure is unconstitutional. "Dodd-Frank gives the U.S. secretary of the Treasury essentially unlimited power — with no judicial or Congressional oversight — to pick winners and losers among creditors when these large financial institutions go bankrupt," Michigan Atty.
September 6, 2012 |
A tip about liquid explosives has forced a US Airways flight headed to Dallas to return to Philadelphia. FBI spokesman Frank Burton told the Associated Press that US Airways Flight 1267 was already in the air when it was diverted back to Philadelphia International Airport following an anonymous tip. There were no injuries reported. Philly.com had local TV footage that showed people being escorted off the plane, and a handcuffed man in a state police car. The online news outlet also reported footage of a man kneeling on the ground as a law-enforcement dog circled him, seeming to sniff around the individual.
September 1, 2012 |
A well-known banking consultant has taken a dispute with CBRE Group Inc. to court, saying the Los Angeles real estate giant and Florida's Stonegate Bank defrauded him by rigging the bidding for a bank branch in an upscale Miami suburb. The case is a potential embarrassment for CBRE, the world's largest commercial real estate firm, and for the Federal Deposit Insurance Corp., which hired the company to sell off property it inherits from failed banks. CBRE violated FDIC rules by letting Stonegate pay less for the branch than consultant Kenneth H. Thomas bid for it, according to Thomas' lawsuit, filed in Miami-Dade County Circuit Court.
August 31, 2012 |
This Monday is Labor Day, and America will celebrate with a three-day weekend. But why should this great nation's working people wait until Monday to exercise their right to life, liberty and the pursuit of a deserved cocktail? Ducking out early on Friday is an American tradition to rival baseball and capitalism. Given the travails of the 99%, it's your patriotic duty to honor your laboring forebears and hit the pub while the sun's still high today. Here are a few of L.A.'s canonical three-martini lunch bars and early-evening happy hours.
July 29, 2012 |
Consider this first, and last, call. Tickets go on sale Thursday for the nation's largest one-stop showcase of craft beers, the annual Great American Beer Festival in Denver Oct. 11-13. Last year, 49,000 tickets to the event at the Colorado Convention Center (700 14th St.;  228-8000 ) , a chance to sample the wares of 475 or so brewers from around the country, were snapped up in less than a week. The bed A sure sign of the festival's firepower: Good luck finding lodgings near the convention center for less than $300 a night for this weekend.
June 23, 2012 |
General Motors is recalling more than 475,000 of its Chevrolet Cruze autos because of reported engine fires that destroyed two of the vehicles. In March, the National Highway Traffic Safety Administration opened a preliminary investigation into the two fires, both of which occurred with 2011 Cruze models. The carmaker said there were no crashes or injuries caused by the problem it traced to engine shields on the undersides of the cars. GM said fires could start or spread if oil or other flammable liquids dripped on to the shields.
May 23, 2012 |
Mariano Rajoy, Spain's prime minister, has found a new ally in his quest for lower borrowing rates and liquidity in his recession-racked country: France's new President Francoise Hollande. A week after his inauguration, Hollande met with Rajoy at the Elysee Palace to talk policy before heading to a European Union summit in Brussels later in the day. There, they'll likely present a unified front against Germany's Chancellor Angela Merkel, who has resisted Hollande's growth proposals in favor of deficit and debt cuts.
April 25, 2012 |
In preparation for the start of demolition this summer of the now-closed 936-room Wilshire Grand Hotel in downtown Los Angeles, the hotel will reopen its doors Thursday for the start of a massive sale of its furniture, plates, towels and television sets, among thousands of items in the building. Everything must go, including the kitchen sinks, which are priced at $350. "But our kitchen sinks are a little bigger than most," said Frank Long, president of International Content Liquidations Inc., the Ohio firm that is running what is expected to be a $2-million liquidation sale starting at 9 a.m. Long lines are expected.
April 22, 2012 |
Lather, rinse, repeat. We all do it — usually with a liquid shampoo. But a handful of manufacturers are getting rid of the plastic bottles and the liquid and offering shampoos in solid bars that look like traditional hand soap. Canadian cosmetic company Lush makes nine formulas of solid shampoos, as well as a solid conditioner. J.R. Liggett's, in New Hampshire, makes six. And countless artisan soap makers also are capitalizing on growing customer demand for a concentrated product that has all the performance of a regular shampoo but with less packaging and fewer chemicals.