BUSINESS
April 28, 2012 | By Ricardo Lopez, Los Angeles Times
Two decades after the L.A. riots brought pledges of help to rebuild South Los Angeles, the area is worse off in many ways than it was in 1992. Median income, when adjusted for inflation, is lower. Many middle-class blacks have fled in search of safer neighborhoods and better schools. And the unemployment rate, which was bad at the time of the riots, has reached even more dire levels. In two areas of South Los Angeles - Florence Graham and Westmont - unemployment is almost 24%. Back in 1992, it was 21% in Florence Graham and 17% in Westmont.
NEWS
April 6, 2012 | By Kathleen Hennessey
After enjoying a streak of good news on the jobs front, President Obama's reaction to the disappointing March job report was measured and quick. Obama made only a passing reference to the report on Friday, as he addressed a White House forum on women and the workforce. The president seized on bright spots - a slightly lower unemployment rate and the 120,000 new jobs -- and then qualified his optimism. “But it's clear to every American that there will still be ups and downs along the way and that we've got a lot more work to do,” Obama said.
NEWS
March 20, 2012 | By John Hoeffel
Rick Santorum, after finishing far behind Mitt Romney in Illinois, turned his focus Tuesday night to winning his home state of Pennsylvania, which votes in five weeks, styling himself as the only trustworthy conservative and delivering a populist appeal aimed at blue-collar voters. After mentioning that he had called Romney to congratulate him, Santorum took aim at the front-runner in his election night speech, implying that he was too wealthy and not tough enough to take on President Obama.
BUSINESS
March 13, 2012 | By Nancy Rivera Brooks
Construction employment grew in 35 states in January from December, with California adding the most jobs -- 8,900, or a 1.6% increase. Thirteen states posted decreases in construction jobs and two states had no change, according to an analysis of Labor Department data by the Associated General Contractors of America. "There is accumulating evidence that construction has passed its low point in a majority of states, although shrinking public construction will hold down the improvement in many locations," Ken Simonson, chief economist for the trade group, said in a statement.
BUSINESS
February 23, 2012 | By Marc Lifsher
California is facing a tidal wave of "discarded seniors" who will retire with little or no financial support other than Social Security, a state senator warned. One out of two middle-income Californians could retire at or near poverty conditions, said Sen. Kevin De Leon (D-Los Angeles). To partially head off that impending disaster, De Leon on Thursday unveiled legislation that would create a retirement savings plan for an estimated 7 million private sector workers who don't have job-related retirement plans.
OPINION
February 15, 2012
For kids, it starts at home Re "Patt Morrison Asks: Michelle Rhee," Opinion, Feb. 11 FormerWashington, D.C., schools chief Michelle Rhee very adroitly avoided answering the question regarding parent responsibility for children's school performance. Ask this question of anyone who has ever taught in a classroom and the answer would be that parents have everything to do with achievement. It is not a student's fault if he or she is being shuttled from one parent or grandparent to another, has no time or place to do homework or is never encouraged to read.