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BUSINESS
October 29, 2008 | Dawn C. Chmielewski and Meg James, Chmielewski and James are Times staff writers.
Worried by the worsening economy, Kristen Olson decided she'd better start saving money. She tallied her expenses and was walloped by sticker shock: She and her roommates were spending $900 a year for cable TV. "I'm not watching $900 worth of cable," said the 25-year-old advertising account coordinator, who lives in North Hollywood. She's trying to persuade her roommates to drop the service.
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SPORTS
April 7, 2014 | Bill Dwyre
Somewhere, lost in the sleaze that all so often defines what college basketball has become, are the overlooked culprits. Mom and Dad. We in the media rant on and on about AAU coaches and summer leagues and slimeball agents (is that redundant?). We harp on coaches who cheat to get the blue-chip player and college administrators who look the other way. We make fun of the NCAA because it is so big and pompous and obtuse and full of itself and makes so much money off the pimpled backs of teenagers.
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CALIFORNIA | LOCAL
September 11, 1991
How come the trickle-down theory works so well for the recession? MARTY RICH Encino
NEWS
February 28, 2014 | By Alana Semuels
Does spending less money on state government stimulate the economy? That's a question raised in a Los Angeles Times story Friday about states that have not restored budget cuts made during the belt-tightening of the recession. The story focuses on Kansas, where general fund revenues have increased but spending is still down since 2008. Gov. Sam Brownback argues that income tax cuts, rather than spending, will stimulate the economy; local government leaders say that services have eroded so much that the state is becoming a less attractive place to live.
OPINION
August 29, 2010
As the bottom dropped out of the economy, The Times began publishing a series of "postcards" from the recession. Recently, we asked a handful of our correspondents for an update. Some have found light at the end of the tunnel; some are thankful to be stuck on hold; some are still in the dark. The one sure thing? There's no going back to the way things were before the collapse. Sweet home, and Alabama Kerry Madden A year ago I moved to Birmingham, Ala., to accept a full-time, tenure-track job as an assistant professor in creative writing — an offer I could not refuse in the midst of recession.
WORLD
May 15, 2013 | By Kim Willsher
PARIS -- Beleaguered French President Francois Hollande suffered a further setback in his attempts to pull France out of its economic slump after official figures showed Wednesday that the country has entered a double-dip recession. Figures released by the country's National Statistics and Economic Study Institute showed that gross domestic product in the European Union's second-largest economy contracted 0.2% in the first quarter of 2013, matching a decline in the last quarter of 2012.
BUSINESS
April 17, 2009 | Chris Lee
The shaky economy is rattling the summer music festival. In the months leading up to the Southland's premier concert event, the Coachella Valley Music and Arts Festival -- which kicks off its 10th edition in Indio today with performances by such pop luminaries as Paul McCartney and Leonard Cohen -- recession-era fiscal realities have led to a string of cancellations by respected festivals. Florida's Langerado Music Festival was canceled because of poor ticket sales.
OPINION
November 17, 1991
President Bush thinks that the cause of recession is the lack of consumer confidence, not the lack of consumer money. I find that depressing. VIRGINIA MARTIN, Desert Hot Springs
BUSINESS
November 15, 2012 | By Tiffany Hsu
The Eurozone is back in a recession, its first in three years, as gross domestic product for the debt-plagued 17-nation bloc contracted 0.1% in the third quarter from the earlier quarter. In the second quarter, the currency collective tightened 0.2%, according to the official European Union statistics agency, Eurostat . Two consecutive quarterly slips make a recession. Compared with a year earlier, GDP is down 0.6%. Eurostat said last month that unemployment in the bloc was at a record high of 11.6% . Protests and strikes rippled across Europe on Wednesday.
NATIONAL
February 27, 2014 | By Alana Semuels
KANSAS CITY, Kan. - At Noble Prentis Elementary School, a classroom is crammed with 31 students and all their backpacks and books. Last year, the fifth-grade class had just 17 students, but a teaching position was cut when the school ran short of money. The school nurse, who comes in only twice a week, freezes kitchen sponges to use as ice packs because her budget is too small for her to buy any. Schools have always had to fight for more funding, but Noble Prentis' problems were exacerbated during the recession when state budget cuts left schools, like many other public services, foundering.
BUSINESS
February 24, 2014 | By Jim Puzzanghera
Former Federal Reserve Chairman Ben S. Bernanke first gained prominence writing about the Great Depression. Now he plans a memoir to defend how he and other officials battled the biggest crisis and economic downturn since then. “I'd like to be able to explain that it was the right thing to do and to attest to my loyalty to the United States," Bernanke said with a laugh in an interview with the Associated Press on Monday. Bernanke has been sharply criticized for the unprecedented actions the central bank took in response to the 2008 financial crisis and the Great Recession.
WORLD
February 20, 2014 | By Amro Hassan
CAIRO - Twenty journalists, including four foreigners, went on trial Thursday in Egypt on charges of aiding a terrorist organization, but the proceedings were quickly adjourned until March 5. Only eight of the defendants, including Australian reporter Peter Greste, stood before the Giza governorate's criminal court. The rest remain at large and are being tried in absentia. Greste was joined in the defendants' cage by Egyptian Canadian news producer Mohamed Fahmy and journalist Baher Mohamed.
BUSINESS
February 9, 2014 | By Stuart Pfeifer
People like rich, tasty food - and sweet, smooth desserts. That's a recipe the Cheesecake Factory Inc. has been following for more than three decades. The company's roots can be traced to the home kitchen of Evelyn Overton, who ran a small baked goods business from the family home in Detroit in the 1940s. She and her husband, Oscar, later moved to California to launch a bakery. In 1978, their son, David, opened the first Cheesecake Factory restaurant in Beverly Hills. "I didn't know what I was doing," David Overton told The Times in a 2011 interview.
CALIFORNIA | LOCAL
February 8, 2014 | By Mark Z. Barabak
SALINAS, Calif. - Tony Salameh and Danielle Clark weathered the Great Recession from two worlds just a few miles apart. Salameh, 62, owns several restaurants in Carmel, the wealthy hamlet perched like a small jewel overlooking the sea. After a significant falloff, business is about where it was five or six years ago. Salameh's bottom line, though, is a third what it used to be; tourists are back in force, but they order lamb sliders or spring rolls...
BUSINESS
February 7, 2014 | By Hugo Martin
While other sectors of the U.S. economy have yet to completely rebound from the recession, the travel industry has surpassed its pre-recession employment numbers. U.S. Department of Labor figures released Friday show that the travel industry added 7,000 jobs in January, reaching a total of 14.6 million. The same report revised previous data, showing that the industry stands 11% above the employment peak of February 2008. Much of the growth has been fueled by international travel to the United States, especially spending by visitors from China, Brazil, Japan and Australia.
NATIONAL
January 19, 2014 | By Mark Z. Barabak
The stock market has hit sky-scraping highs, the unemployment rate has dipped to a five-year low and any number of economic statistics - new car sales, home prices, consumer spending - point to a perked-up economy that is steadily growing. But one thing that has changed little is President Obama's job approval rating, which tumbled over the last year to the anemic 40% range and remains stuck near the low point of his administration. The chasm is striking, and a worrisome thing for Democrats already facing a tough election year.
BUSINESS
January 19, 2014 | By Stuart Pfeifer
Few regions were hit harder by the Great Recession than the Inland Empire, where foreclosures turned neighborhoods into ghost towns and real estate projects dissolved into weeds and broken dreams. So it's not surprising that four of the five largest banks in the region failed, sunk by risky subprime mortgages and failed construction loans. Citizens Business Bank was the exception. The bank, operated by holding company CVB Financial Corp., limited construction and land development loans to no more than 10% of its portfolio, far less than many of its peers.
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