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January 31, 2012 | By Walter Hamilton
More than three in 10 people in California don't have enough savings to get by for three months if they were to lose their job, according to a study released Tuesday. More than two years after the official end of the recession, 30.9% of Californians have little to no financial cushion, according to the report by the nonprofit Corp. for Enterprise Development. If illiquid assets -- things that can't quickly or easily be converted into cash, such as a home -- are excluded from the equation, the number rises to an even more troubling 43.1%.
April 27, 2014 | Liz Weston, Money Talk
Dear Liz: I got a big tax refund this year and am trying to figure out what to do with the money. Right now I have school loans with a 4% interest rate that I do not need to make a payment on until 2024 with my current payment plan, but the amount I owe is pretty hefty and I know it's going to compound more over time. I also have a very low-interest car loan (1.9%) that will be paid off in 31/2 years. I also could put that money in the market in hopes that it will grow. I should add I am 27 years old. Any advice?
July 9, 2009 | Gail MarksJarvis
Millions of Americans aren't saving enough for retirement, but African American and Latino investors, on average, are further behind than whites and are more likely to be a greater burden to their families because they save too little and invest too conservatively, new research has found. "It's extraordinarily disconcerting," said Mellody Hobson, president of Ariel Investments, which along with benefits firm Hewitt Associates conducted a study of 401(k) participants.
April 27, 2014 | By Steven Pressman
In the spring of 1939, on the eve of the Holocaust, Gilbert and Eleanor Kraus set out on a highly unlikely mission. The handsome lawyer and his stylish wife left their two young children and their comfortable home near Philadelphia's Rittenhouse Square, sailed across the Atlantic Ocean and made their way into Nazi-controlled Austria. Their goal: to rescue 50 Jewish children from Vienna and bring them to safety in the United States. The fact that the Krauses were Jewish added to the daunting challenges and long odds that stood in their way. Yet another obstacle was American attitudes and policies during the 1930s that all but shut the door to Jews trapped by the Third Reich.
April 5, 2012 | By Mary Forgione, Los Angeles Times Daily Travel & Deal blogger
Spring might be a good time to visit Hotel Victor in Miami's South Beach. The oceanfront Art Deco hotel that opened in 1936 and was refurbished in 2004 has a special that saves on room rates and offers a few extras too. The deal: The Spring Package at Hotel Victor, now operated by Thompson Hotels, comes with discounted room prices, two cocktails, a 15% discount on spa services and free Wi-Fi. Use the code "SPRING" when making a reservation. When: The deal is good for stays through June 30, subject to availability.
January 12, 2014 | By Jen Leo
A social travel site that rewards followers of popular itineraries with savings. Name: What it does: Features deals with escalating savings, meaning that the more people who follow a trip, the more savings CarryOn delivers. Members (free to join) choose between following an existing deal or creating their own. As more people follow the same deal, the price starts to drop. The site claims members can save up to 40%. What's hot: The site is attractive, and the deals are inviting, with large photos.
January 22, 1989
I would hope the government agency that grants permission for the operation of a savings and loan has a list of all the inept bank officials (bank presidents, loan officers, etc.) of the failed savings and loans. Any name on the list would not be permitted to work in a savings and loan again. Oh, that sounds a little tough. Why don't we require all the savings and loan officials to carry private malpractice insurance. What a savings that would be to the taxpayers! ANDREAS G. KOSTELAS San Pedro
January 19, 2014 | Liz Weston, Money Talk
Dear Liz: I often hear financial planners say you should save 10% of your income, but they don't go into exactly what that means. Is that 10% separate from retirement or including retirement? Does that include saving for your emergency fund? Is this just archaic advice now? I'm 46 with only $40,000 saved for retirement so I'm in the panic mode that I will never be able to save enough for retirement. Answer: Saving 10% for retirement is often considered a minimum for those who start saving in their 20s. The older you are when you begin, the more you'd need to save to match the nest egg you would have accumulated with an earlier start.
February 8, 2012 | By Mary Forgione, Los Angeles Times Daily Travel & Deal blogger
Winter always gets me thinking about going to theme parks in Southern California, even if I don't have visitors underfoot. The prospect of cooler temperatures and lighter crowds in February and March sends me looking for discounts on the high cost of tickets. I found that the Southern California CityPass -- with a flat rate for admission to Disneyland, Disney California Adventure, Universal Studios Hollywood and SeaWorld San Diego -- offers good savings, even when compared with incentives for SoCal residents.
July 15, 2013 | By Eric Pincus
It didn't take long for Metta World Peace to find a new home.  On Monday, World Peace agreed to join the New York Knicks on a two-year deal worth $3.3 million. The veteran forward specifically will make $1,591,650 for the coming season. The Lakers cut World Peace on Thursday, using their one-time amnesty to remove his contract from the team's salary cap and luxury tax computation -- saving the team about $15 million. By the complex rules of the NBA's collective bargaining agreement, World Peace signing with the Knicks will reduce the amount the Lakers still owe ($7,727,280)
April 25, 2014 | By Mary Forgione, Daily Deal and Travel Blogger
Mammoth Mountain plans to be open Memorial Day weekend and is featuring a $180 three-day pass and 20% off lodgings for the holiday weekend. Spring skiing rates at the Mammoth Lakes, Calif., ski resort started this week, with savings and slope time for those who don't want to give in to summer just yet. The deal: The ski resort Thursday reported a base depth of 20 inches at the main lodge (8,900 feet) and 50 inches at the summit (11,053 feet). Though temperatures were in the low 50s on Thursday, the resort was expecting more than a foot of snow by Saturday morning.
April 24, 2014 | By Francesca Dominici, Michael Greenstone and Cass R. Sunstein
Last week, a divided court of appeals upheld what may well be the most important environmental rule in the nation's history: the Environmental Protection Agency's mercury standards. The regulation is expected to prevent up to 11,000 premature deaths, 4,700 heart attacks and 130,000 asthma attacks a year. Critics of the mercury rule have focused on its expense. The EPA estimates it will cost $9.6 billion a year, with most of the burden falling on electric utilities. Indeed, the issue of cost is what split the court.
April 24, 2014 | Times Editorial Board
Something stinks in Irwindale. In recent months, officials in the largely industrial San Gabriel Valley city have appeared to be on a crusade to shut down Huy Fong Foods, the company that makes a wildly popular Sriracha sauce, for emitting chili and garlic odors that bother some neighbors. While a city should protect residents from harmful and/or unpleasant fumes, Irwindale's aggressive and unreasonable tactics have threatened to drive a home-grown enterprise out of state and bolstered California's unfortunate reputation as a bad place to do business.
April 23, 2014 | By Mike DiGiovanna
AT THE PLATE: The Angels scored twice in the sixth to take a 2-1 lead when Mike Trout walked, Albert Pujols hit a run-scoring double and Erick Aybar hit a run-scoring single. David Freese ended an 0-for-14 skid when he doubled to left-center and later scored on a wild pitch in the seventh, and Trout had a run-scoring single in the ninth. Pujols, who also singled in the first, struck out with the bases loaded to end the ninth. Aybar was seven for 12 in the series to raise his average from .175 to .240.
April 21, 2014 | By Kurt Streeter and Joe Serna
A teenager who apparently stowed away on a Hawaiian Airlines flight from San Jose to Maui may have stayed warm because of the plane's landing gear, according to the Federal Aviation Administration. Heat from the plane's hydraulic lines in the wheel well, as well as heat retained in the tires, could have helped the stowaway survive as the aircraft climbed to altitudes with sub-zero temperatures, the FAA reported. In addition, the plane's steady climb to high altitudes may allow a person to drift into unconsciousness as oxygen becomes scarce.
April 21, 2014 | Sandy Banks
Brandon Spencer ought to be considered an object lesson by wannabe gangsters carrying guns. The 21-year-old was sentenced Friday to 40 years to life in prison for shooting into a crowd waiting in line for a Halloween party on the USC campus in 2012. He wounded four people - including his target - but seems to think he ought to get leniency because nobody died. Spencer threw a tantrum in the courtroom when the judge announced his sentence, crying and banging his head on a table, like a 2-year-old sentenced to time-out.
August 20, 1989 | JAMES FLANIGAN
How swiftly flow the years. Twenty years after Woodstock, the generation of young people who attended the 1969 peace and rock festival is thinking about saving for retirement. And not only that generation. According to several recent studies, saving for retirement has become Topic A among great numbers of Americans--and hopes are high.
December 12, 2004 | Tom Petruno, Times Staff Writer
Respond true or false to this statement: "I spend more than I should and I ought to save more money." The official U.S. personal savings rate, as calculated by the Commerce Department, makes a strong case that the majority of Americans must plead guilty as charged -- and that most of the rest are liars. This is a long-standing issue, of course; by various measures, Americans have been saving less and less of their collective income since the mid-1980s.
April 19, 2014 | By Janet Kinosian, Special to the Los Angeles Times
Documentary filmmaker Susan Rockefeller's eponymous ocean-inspired jewelry line is filled with treasures inspired by an overworked sea. Sea creatures carefully crafted in gold, silver and precious gems are the tools she uses to spotlight the plight of our world's oceans. Married to fellow sea-lover and philanthropist David Rockefeller Jr. in 2008, she launched the jewelry line on World Ocean Day in 2012. Her pieces ($190 to $16,600) use natural-colored cultured freshwater Honora Ming pearls and recycled metals.
April 15, 2014 | By The Times editorial board
With lawmakers showing little enthusiasm for an ambitious proposal by House Ways and Means Committee Chairman Dave Camp (R-Mich.) to overhaul the byzantine U.S. tax code, Congress has to decide what to do about dozens of temporary tax breaks that expired Dec. 31. Among them is an exemption for forgiven mortgage debt that's an essential part of a broader federal effort to solve a nagging problem, namely the spate of defaults caused by the recession....
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