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Recovery

BUSINESS
December 18, 2013 | By Jim Puzzanghera and Don Lee
WASHINGTON - Federal Reserve Chairman Ben S. Bernanke said Wednesday that central bank policymakers decided to modestly reduce a key stimulus program because of "meaningful" progress in the jobs market, but emphasized the economy "has much farther to travel. " "The recovery clearly remains far from complete," Bernanke said in his final scheduled news conference. To emphasize that point, Bernanke and his colleagues on the Federal Open Market Committee also decided to send a strong signal that they were committed to continuing to try to stimulate the economy.
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BUSINESS
December 16, 2013 | By Jim Puzzanghera
Improving economic data haven't put many Americans in the yuletide spirit, with nearly four in 10 saying they will spend less this holiday season than they did last year, according to survey results released Monday. Just 14% of consumers in the Bankrate.com survey said they planned to increase their holiday spending. Nearly half -- 47% -- said they planned to spend the same amount. But 38% of the respondents in the Dec. 5-8 survey said they would spend less this year on gifts and other purchases.
BUSINESS
December 16, 2013 | By Don Lee and Shan Li
WASHINGTON - After six years of a gloomy recession and shaky recovery, the U.S. economy looks poised to regain its glow next year with stronger job growth, bigger income gains for more people and a resurgence of homeowners moving up into new digs. The overall economic outlook for the U.S. has improved sharply in recent weeks amid a string of surprisingly robust economic data: Businesses have stepped up hiring, new factory orders from abroad are at a two-year high and consumers have been flocking to car lots and restaurants.
BUSINESS
December 10, 2013 | By Michael Hiltzik
The hands-down winner for most misleading trope of the day goes to the notion that U.S. households have now recovered all the wealth they lost during the recession and that their net worth is now at a record high. The raw statistics , from the Federal Reserve, inspired a surge of optimistic reporting on what this means for the economic recovery going forward. You have to read pretty far down in most of the reports to discern that the average U.S. household has been on the outside looking in during this so-called recovery.
ENTERTAINMENT
December 10, 2013 | By Nardine Saad
Adam Shankman, director of the musical film adaptations of "Hairspray" and "Rock of Ages," has entered rehab, according to his rep. "Adam Shankman is currently seeking treatment in a rehabilitation center," his rep said in a statement to Us Weekly and People . "His friends and family support him and wish him well on his journey to recovery. " It is unclear for what the " So You Think You Can Dance"  judge was seeking treatment.  PHOTOS: Gay celebrities: Who is out?
BUSINESS
December 5, 2013 | By Shan Li and Andrew Khouri
California continues to be a story of two economies: coastal regions with healthy job growth and inland areas that are still struggling to recover, according to a UCLA report released Thursday. UCLA economists said in their quarterly forecast that coastal counties stretching from Marin to San Diego have enjoyed employment gains that outpaced the U.S. In contrast, inland areas such as the San Joaquin Valley and the East Bay are showing little or even negative growth. Years of economic turmoil have especially been hard on the Inland Empire, which includes Riverside and San Bernardino counties.
WORLD
December 4, 2013 | By Tracy Wilkinson and Cecilia Sanchez
MEXICO CITY - After a frantic search across a wide section of central Mexico, authorities said Wednesday that they had found a stolen truck that was transporting a large amount of dangerous radioactive material, a substance that can be used in making dirty bombs. The truck and its contents were found in the state of Mexico, about 20 miles north of the capital, not far from where they were stolen Monday. But the metal container with the radioactive material had been opened by the thieves, who then chucked it about half a mile from where they abandoned the truck, an official with the Mexican nuclear safety commission told The Times.
BUSINESS
December 4, 2013 | By Jim Puzzanghera
WASHINGTON - The nation's economic recovery, seemingly stuck in another pothole after the 16-day federal government shutdown, now looks to be back on track again - and accelerating into the new year. Recent data, especially this week, have been generally positive, indicating that businesses are expanding their hiring and spending. And though consumers still appear somewhat rattled by the fiscal bickering in Washington that led to October's shutdown, the outlook for the recovery has markedly improved since mid-October.
SPORTS
November 20, 2013 | By Mike Bresnahan
Kobe Bryant is seven months into his recovery from a torn Achilles' tendon, but how did he advance so quickly from lying on a training table to being a productive player at Lakers practice? "I didn't expect him to do this much this quick," center Pau Gasol said Wednesday. "I guess I didn't have a chance to see what he's been able to do on his own. " Bryant practiced Wednesday for a second consecutive day but was not expected to play Friday against Golden State, Coach Mike D'Antoni said.
SPORTS
November 15, 2013 | By Mike Bresnahan
Kobe Bryant was in a joking mood before the Lakers played Memphis. "I'm feeling good. I'll be back playing tomorrow," he said Friday as he walked away from reporters surrounding his locker. Then he added, "I'm kidding. " Bryant hasn't spoken in-depth to reporters in more than a week, but he's not on pace for a happy Thanksgiving, at least in the basketball sense. "He hasn't got any practice yet, so it would be tough," Lakers Coach Mike D'Antoni said.
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