October 9, 2012 |
The Inland Empire has made some big job gains during the last year, but forecasters expect it will lag behind the broader California recovery, with an unemployment rate in the double digits through 2014. The hard-hit area made up of Riverside and San Bernardino counties is expected to see its jobless rate fall to 10.6% in 2014 - above the 8.5% projected for the state as a whole, according to a report from Claremont McKenna College and UCLA released Tuesday. There are some upbeat signs, according to the report.
June 12, 2012 |
At first glance, there doesn't seem anything untoward about WellPoint, the insurance giant that owns Anthem Blue Cross, buying contact-lens retailer 1-800-Contacts. The deal "further diversifies the company's revenue stream" and enhances "our efforts to build trusted relationships with consumers across the entire country," said Angela Braly, WellPoint's chief exec. But a major health insurer's acquisition of a major healthcare provider — 1-800-Contacts is the country's largest direct-to-consumer seller of contact lenses — highlights an emerging trend in the medical world and raises troubling questions about conflict of interest.
April 7, 2012 |
The Federal Reserve has released guidelines that could encourage the practice of converting lender-owned foreclosed homes into rental properties. By converting foreclosures to rentals with steady cash flow, banks could reduce the number of their "substandard assets," a classification used by banking regulators to determine the health of banks. The central bank also said that lenders could receive Community Reinvestment Act credit for providing housing to low-income and moderate-income people by successfully converting foreclosed homes into rentals.
CALIFORNIA | LOCAL
October 12, 2011 |
I pitched a tent Monday night in a neighborhood of the angry, the disaffected and the disillusioned. "Are you aware that the sprinklers come on at night?" a fellow camper asked as I drove my tent stakes into the ground. I wasn't, but hey, a little personal discomfort is the price of revolution, right? The media haven't known quite what to make of the demonstrators who've taken to the streets in Los Angeles, New York and elsewhere. The occupiers have been knocked for not having a clear message, and they've been called the tea party of the left.
August 1, 2011 |
Dy, a.k.a. "Dysprosium," a name taken from a rare chemical element and meant to suggest his elusive nature, glides across the underbelly of the edgy city. It's after midnight in Kabul, approaching a favored hour for would-be suicide bombers to enter the city while security forces sleep, so they can strike during the morning rush. Dy, however, is armed only with cans of spray paint, and his intentions are peaceful: to alter the drab contours of this embattled city. Identifying a wall, Dy pulls the paint cans out of his bag and works quickly, writing slogans and crafting images that rail against corruption, repression and the malign influence of drug money.
November 16, 2010 |
A mysterious object that is eating interstellar gas and emitting X-rays in a telltale pattern is almost certainly a very young black hole ? the first one people have been able to observe at such an early stage, scientists said Monday. An amateur astronomer first spotted the object 31 years ago, when it was a star in the process of exploding into a supernova. Since then, the Chandra X-ray Observatory and other telescopes have documented that X-rays have been emitted from the former star at a surprisingly steady rate over a 12-year period from 1995 to 2007.