March 7, 2013 |
Diane Shattuck filled a prescription in December for a generic antibiotic called doxycycline. With insurance, she paid $4.30 for 60 pills at a CVS store in Orange. She returned at the end of February to refill her prescription. This time, she was told her cost for the drug would be about $165. "It was bizarre," Shattuck, 73, told me. "And no one at CVS could explain why the price was so high. " Unfortunately, I won't be able to offer a clear-cut answer, either. But my effort to untangle Shattuck's situation cast a harsh light on the shadowy world of drug pricing.
February 21, 2013 |
Sue Grey had used the product before, so she knew what to expect when she purchased a bottle of Super Colon Cleanse at a Woodland Hills CVS drugstore. Inside should have been 240 little gray capsules. But when Grey, 57, opened the sealed bottle at her Calabasas home, she found that it contained the painkiller Motrin plus some strange-looking discs that resembled slices of dried sausage. She and her boyfriend, Kip Green, immediately returned to CVS and notified the manager. With the manager looking on, they pulled another sealed bottle of Super Colon Cleanse from the shelf and opened it. This time they found a prescription anti-seizure medicine called Depakote, which is used to treat bipolar disorder, epilepsy and chronic migraines.
February 19, 2013 |
SACRAMENTO -- The nation's biggest public pension fund is taking a stand against gun violence by voting to sell all its investments in two firearms manufacturers: Smith & Wesson Holding Corp. and Sturm, Ruger & Co. On Tuesday, the Investment Committee of the California Public Employees' retirement System voted to sell about $5 million worth of the gun makers' stock and other securities. Some of the two companies' products -- particularly assault weapons and cheap handguns, known as Saturday night specials -- are illegal in California.
February 15, 2013 |
WASHINGTON -- American manufacturing activity dipped slightly at the start of the year as companies felt the weight of a weak global economy and automakers took a breather after heady production late last year. But on the whole, new Federal Reserve data Friday were largely positive and heartening for the manufacturing sector -- a major engine of economic growth that slowed last year. The Fed report showed industrial production in last year's fourth quarter was much stronger than previously reported.
February 13, 2013 |
ASHEVILLE, N.C. -- President Obama on Wednesday called on Congress to help create "global centers" of high-tech jobs across the nation as part of a larger economic plan he says will spur American manufacturing and expand the middle class. After touring the Linamar auto parts factory here, Obama told a crowd of workers and customers that the Canadian company's decision to open the facility is part of a migration of jobs to the U.S. that the federal government should try to support.
February 12, 2013 |
Gov. Jerry Brown ought to cut his Texas brother, Rick Perry, a little slack. Texas Gov. Perry arrived in the Golden State this week trolling for California businesses he could poach and carry home with him in his saddlebags. His trip here comes on the heels of a Texas radio come-on, which aired statewide, and which Brown memorably dismissed as "barely a fart. " But there are reasons why Perry's efforts deserve more serious scrutiny. One is that the campaign exposes an important shortcoming of Texas' job-development program: It focuses on using incentives to steal jobs from other states because it's not so hot at creating jobs from scratch.
February 6, 2013 |
Downtown L.A.'s Staples Center may be home to the Grammys, but it's a relatively nondescript industrial complex in Burbank that's attracting some of the awards show's most notable nominees this week. Fender Musical Instruments' new artist showroom has become a hub for well-known musicians of all stripes. And with the Grammy Awards scheduled to air Sunday, business is brisk. Just as dress designers clamor to get their gowns on Oscar contenders, makers of musical equipment such as Fender are doing their best to get their newest products in the hands of Grammy-nominated pop stars.
February 2, 2013 |
It all started with the Kingston Trio. One day in 1963, a San Diego kid and his friends got their hands on an album by the popular folk group. Greg Deering, 12 at the time, recalls studying the musicians on the cover and thinking, "I've got to get a banjo" - not out of love for the twangy instrument but mainly because his pal already had a guitar. Fifty years later, Greg, his wife, Janet, and daughter Jamie preside over the bestselling banjo-making business in the U.S. From a small Spring Valley factory, the Deering Banjo Co. is having its best year ever, defying the U.S. skills gap and California's manufacturing doldrums.
CALIFORNIA | LOCAL
January 21, 2013 |
Los Angeles Mayor Antonio Villaraigosa said that he has asked the city's three pension funds to review all investments and work to end those in companies that manufacture assault weapons. Invoking the Sandy Hook Elementary School shooting that left 27 dead in Newtown, Conn., last month, Villaraigosa on Wednesday said it was inappropriate for the city to make money off of weapons manufacturers. "It's a moral and financial imperative to end our relationship with these companies," said the mayor, who added that it was unclear how much pension money was invested in weapons makers.
HOME & GARDEN
January 19, 2013 |
At its most basic level, a 3-D printer is like an automated hot-glue gun programmed to spit out solid objects. The machines extrude layers of plastic into virtually any three-dimensional shape. Print whimsical garden statuary. Reproduce an anatomically correct heart with moving parts for your son's science project (actually, he could do that himself). Create a signature bookend, cookie cutter, necklace - anything. The buzz within the design world is that most homes could have one of these gadgets within 10 years.