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BUSINESS
May 24, 2011 | By Tom Petruno, Los Angeles Times
America: better than a lot of the alternatives. That sentiment seems to be guiding many investors this month, as world markets are rocked again by Europe's debt crisis and by fears of slowing global economic growth. Although U.S. stocks have sold off in May, their losses overall have been less severe than the declines in many other equity markets. What's more, investors continue to park cash in U.S. Treasury bonds, pushing interest rates lower. And the dollar, the weakling of world currencies for most of the last nine months, now is muscling its way higher.
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NEWS
February 16, 1986
I would like to comment on Los Angeles Councilman Mike Woo's announcement that two supermarkets were closing their doors in Hollywood (Times, Feb. 6). I believe these two closings are insignificant as well as warranted. Hollywood is overly saturated with major supermarkets. On my way home from work (West Hollywood to just east of downtown Hollywood) I could stop in a different market every night of the week (with choices left over). Several markets throughout Hollywood have modernized and renovated within the last few years, but certain markets just weren't popular with families and yuppie types who make major purchases.
TRAVEL
March 28, 2010 | By Mike Morris, Reporting from New Delhi
My wife let me go to India on a cultural exchange program on one condition: Bring back plenty of presents. True to my word, I arrived home in California after a month in Delhi feeling like Santa — my giant duffel bag full of sparkly bangle bracelets and bindis, colorful bags, patchwork quilts, woven shirts, flowing skirts, ethnic shoes, original artwork, funky pillow covers, vibrant tablecloths, handmade stationery and much more. Best of all, these one-of-a-kind treasures cost less than $400.
FOOD
June 7, 2006
GARDENA farmers market may be the first of the contemporary craze ["The Idea That Shook the World," May 24], but there were many before. The first I know of in Los Angeles began in the late 1940s and was run by the Central Labor Council of Los Angeles. JOE LUBOW Los Angeles
BUSINESS
September 14, 2008 | Lauren Beale
The takeaway in the annual Coldwell Banker home price comparison index, released Tuesday, isn't much of a surprise. Even in this dismal market, eight out of the top 10 most expensive U.S. housing markets are in California. Comparing the average sales prices of 2,200-square-foot, four-bedroom, 2 1/2 -bathroom homes, the survey of 315 American markets put La Jolla on top at $1,841,667, crowding out Greenwich, Conn., at $1,787,000. Rounding out the California contingent in spots three through eight were Beverly Hills, Palo Alto, Santa Monica, Santa Barbara, Newport Beach and San Francisco.
NEWS
January 6, 2005
Re "Is This the End of the Party?" [Dec. 30]: In my work of producing, promoting and managing artists, I have been a strong advocate of more freedom in our society for over 25 years. I have always known that regulations, and the bureaucracies that create them, stifle commerce -- and worse, make it very difficult to compete against large corporations and chain stores. For many years now, artists have stood for socialistic management. They stand for a Trojan horse. In reality, the upsurge in art movements and entrepreneurial activity is now happening in places like Prague as well as the decayed downtowns in the U.S. For many years, it was easy to hide activities downtown because the regulators were not watching.
CALIFORNIA | LOCAL
September 21, 2001
Re "They Bet Against America," Commentary, Sept. 19: John Balzar's accusation that Wall Street let America down on its first day of trading after the Sept. 11 attacks could not be more wrong. Financial markets are the conduit for investors to trade securities with each new day's information. These markets are impersonal and do not require kindness or patriotism to operate. Although Balzar cites the fall of the Dow Jones industrial average by some 7% overall as an act of cowardice, he fails to mention that the prices of government bonds actually rose, thus lowering the interest rate that the federal government will pay on war bonds.
BUSINESS
June 25, 2011 | By Richard Verrier, Ben Fritz and Sergei Loiko, Los Angeles Times
On a hot summer night this week in a historic Moscow square, a delegation of Hollywood celebrities headed by director Michael Bay and actor Shia LaBeouf marched past the 33-foot tall Alexander Pushkin monument and up the green carpeted stairs to the movie theater, a drab Soviet-era cube of concrete and glass. In a poorly air-conditioned auditorium filled well beyond its 2,000-seat capacity, the Hollywood contingent went on stage to introduce the opening film of the 33rd Moscow International Film Festival: Paramount Pictures' "Transformers: Dark of the Moon," the latest in the series of critically pummeled but wildly popular extravaganzas featuring giant battling robots, fiery explosions and scantily clad young actresses.
BUSINESS
May 14, 1985 | Associated Press
Free markets attracted more than 10% of China's retail trade last year and their share is increasing as the state relaxes price controls, the official China Daily newspaper reported. The English-language daily said there are now about 56,200 free markets in China. In the first quarter of 1985, the markets reaped more than 13 billion Chinese yuan (about $4.5 billion) and sales are expected to rise 20% for the year as a whole, the report said.
BUSINESS
January 21, 2010 | By Walter Hamilton and David Pierson
China, the primary engine leading the global economy out of recession, is starting to put the brakes on its fast-growing economy -- and the rest of the world is watching closely. Chinese regulators reportedly ordered some banks Wednesday to reduce their lending, the latest in a series of steps the government is taking to tighten credit and stave off the sort of asset bubble that felled the U.S. housing and credit markets. The move was expected, but nonetheless sent a shudder through global financial markets on fear that any moderation in China's expansion could stymie the global rebound and weigh on slow-growing countries such as the United States.
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