April 23, 2014 |
In the battle for tourists, Los Angeles is losing ground to rivals Orlando, Fla., New York, and Chicago. L.A. County has broken its own record for annual visitors three years in a row - thanks to a rebounding economy, sunny California weather and popular tourist attractions. But L.A.'s tourist numbers are not growing fast enough to keep up with the nation's top three destinations, primarily because the city lacks enough hotel rooms to host more tourists. "We have an awful lot of things that are in our favor," said Robert Kleinhenz, chief economist at the Los Angeles County Economic Development Corp.
April 14, 2014 |
WASHINGTON -- Retail sales surged last month at their fastest pace in 1-1/2 years as consumer spending heated up after a harsh winter. The Commerce Department said Monday that seasonally adjusted retail sales increased 1.1% in March. Officials also revised February's figure up to a strong 0.7%, from an initially reported 0.3%. Economists had expected a 1% increase last month. PHOTOS: Richest and poorest cities in America "The consumer came in like a lamb and went out roaring like a lion," said Chris Rupkey, chief financial economist at the Bank of Tokyo-Mitsubishi in New York.
April 14, 2014 |
Americans rushed out to shop as frigid weather lifted in March, propelling retail sales at the fastest pace in a year and a half. The gauge from the Commerce Department surged 1.1% last month from February in its biggest leap since September 2012. Sales boomed 3.8% from March 2013. The strong sales, which beat economists' expectations for a 1% increase, bolstered hopes that the economy would continue to gain momentum after struggling through an especially harsh winter. "One month doesn't answer all the questions, and it's not like we have all-over-the-place exploding growth," said NPD Group analyst Marshal Cohen.
CALIFORNIA | LOCAL
April 14, 2014 |
Charles F. Farthing, a physician who was at the forefront of care for HIV/AIDS patients and who drew attention to the need for an AIDS vaccine by announcing his willingness to inject himself, has died. He was 60. Farthing, who collapsed in a Hong Kong taxi April 5, had a heart attack, family members said in an announcement. Farthing was chief of medicine for the Los Angeles-based AIDS Healthcare Foundation from 1994 to 2007. He was planning to return to the foundation in June as director of treatment programs in the 32 countries outside the U.S. where it provides services.
April 11, 2014 |
When Frank Shorter won the gold medal in the marathon at the 1972 Olympic Games in Munich, he not only became a household name but also helped create the fitness boom. Pre-Shorter, hardly anyone ran for fitness; post-Shorter, millions did. A Yale grad and trained lawyer who claims to have run 140,000 miles, Shorter's influence grew as he won a silver medal in Montreal in 1976, led the fight to allow runners to turn pro, won a Master's duathlon (bike-run) world championship, became the first head of the U.S. Anti-Doping Agency and established himself as the running world's elder statesman.
April 9, 2014 |
Toyota Motor Corp. will recall more than 6 million vehicles worldwide to fix a variety of problems, including a wiring issue that might disable airbags and a glitch that could trigger the driver's seat in some cars to suddenly shift. It's just the latest in a parade of massive recalls by manufacturers this year, especially in the U.S. Toyota's announcement Wednesday brought the number of vehicles called back by automakers in the U.S. to nearly 13 million so far this year, on pace to surpass the record 30.8 million vehicles recalled in 2004.