September 17, 2013 |
A proposed merger of American Airlines and US Airways that has been challenged by the U.S. Department of Justice has a 50 percent chance of succeeding. That was the analysis of JPMorgan of the proposal that, if successful, would create the nation's largest airline. "The industry dialogue has crescendoed, with airlines, pundits, bloggers, former CEOs, etc, all extolling the folly of DOJ's suit and certainty of an airline win (we frequently hear 75% probability). But when it comes to antitrust experts, we have yet to find any that believe the airlines face anything but a steep, uphill battle, with most citing probabilities below 40%," wrote JPMorgan analyst Jamie Baker in a report Tuesday.
September 16, 2013 |
Janet L. Yellen's got the job as next head of the Federal Reserve in the bag -- at least, that's according to Paddy Power, an online Irish bookmaker. Lawrence H. Summers, who had been widely believed to be President Obama's first-choice pick, withdrew his name from consideration Sunday, setting off speculation as to whether Obama would now tap Yellen for the post. PaddyPower.com has been tracking the odds of who would be nominated to be the next Fed chief since July. The site calculates the odds of a Yellen nomination at 1-8. But as my colleagues Jim Puzzanghera and Christi Parsons reported Monday, the president has other options, including former Fed Vice Chairman Donald Kohn and former Treasury Secretary Timothy F. Geithner. The site pegs Kohn's odds at 5-1 and Geithner's at 14-1.
September 16, 2013 |
Three-peat is so 1988. The term purportedly coined by Byron Scott and definitively trademarked by Pat Riley amid the Lakers' failed bid for a third consecutive NBA title in the late '80s should be discarded like the faded T-shirts bearing the slogan that were once standard attire inside the Great Western Forum. It's time for a new Rileyism, particularly with the current team president of the Miami Heat chasing another championship to go with the ones his team won in 2012 and '13. In the spirit of the quest, here's a trio of alternatives for the Heat this season: Big Three for Three . An homage to the collective success of Heat stars LeBron James, Dwyane Wade and Chris Bosh since joining forces in 2010.
September 12, 2013 |
BAB AL HAWA, Syria - A group of Free Syrian Army rebels, run out of their hometown in northwestern Syria, hunkered down in an office with blacked-out windows. Their commander had been killed and beheaded by an Al Qaeda-linked group a month earlier, the rebels said. Now these surviving FSA fighters were hiding here near the Turkish border. Such mainstream rebel groups, formed to bring down the government of President Bashar Assad, increasingly find themselves in a battle against a different foe. Walid Shawkan, the new commander of the displaced group, said fighters with the Islamic State of Iraq and Syria attacked his men in the town of Dana after a dispute over weapons.
September 6, 2013 |
I'd love to be an invisible presence in the room the next time Barack Obama and Vladimir Putin sit down for a chat. The high stakes drama of the Cold War is gone, but the Russian president is the American president's nemesis on everything from sarin gas attacks in Syria to gay rights in Russia. To see them spar would be enlightening entertainment. After intelligence specialist Edward Snowden leaked information about U.S. cyberspying earlier this year, he went on the lam and found refuge in Moscow.
September 5, 2013 |
ST. PETERSBURG, Russia - President Obama hopes to emerge from a two-day summit with some international support for a military strike on Syria, but his toughest reception will come from his host, Russian President Vladimir Putin, who chose not to meet him Thursday when he arrived at the airport. Instead, three low-ranked officials went in Putin's place. When the two finally said hello it was in a procession of world leaders at the gold- and cream-colored Konstantinovsky Palace. Obama gestured toward the sunny sky as they shook hands.
August 29, 2013 |
Nevada players bristled at the thought. UCLA is a 20-point favorite in Saturday's season opener. That had Wolf Pack players scoffing this week as they prepared to drop by the Rose Bowl. "That seems a little high," offensive lineman Joel Bitonio said. "They're picked to win the Pac-12 [South]. We're going to come down and show what Nevada is made of. " Even Nevada's first-year coach had a little indignation about the 20-point spread. "It means zero … zero," Brian Polian said.
August 27, 2013 |
California and the federal government want drivers to use more renewable fuels in their cars and trucks. That's where the trouble lies. The state and federal governments share a goal, but have adopted very different ways to reach it. The resulting conflict has contributed to a snarl that reaches from fuel pumps in Los Angeles to sugar cane fields in Brazil. Along the way, the dispute has divided environmental groups and the oil industry, pitting allies against each other. It's even possible that the conflicting policies, both aimed at reducing global warming, could actually make things worse, some scientists said.
August 24, 2013 |
Just after graduating from Point Loma Nazarene University in San Diego, Destin Daniel Cretton took a job at a local short-term care facility for at-risk teenagers, hoping to save money to make short films on his own while he figured out what to do next. Little did he know that his experience at the group home would become the basis not only for his film-school thesis project but also, five years later, one of the best-reviewed movies of the year, "Short Term 12. " "It was pretty heavy.
August 23, 2013 |
A good place for the Los Angeles Philharmonic to try out new talent, the Hollywood Bowl can be curiously hospitable to odd couples. Concerts are one-night stands, so there is less to lose than at downtown subscription concerts, where programs are repeated three or four times. But the complicated Bowl schedule can mean an almost haphazard mix and match between soloist and conductor on occasion. It requires speed dating, given that the typical program has a single rehearsal the morning of the concert.