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BUSINESS
February 1, 2012 | By Jim Puzzanghera, Los Angeles Times
Distancing himself from Republicans on housing issues, President Obama pitched a $5-billion to $10-billion plan to help a key segment of struggling homeowners — those still making monthly payments, but on underwater mortgages. Obama proposed Wednesday to help about 3.5 million people with good credit who are unable to refinance at historically low rates because their homes are worth less than their mortgages. He argued that those homeowners — and the country — couldn't afford to let the housing market bottom out, as many Republicans, including presidential candidate Mitt Romney, have advocated.
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BUSINESS
May 24, 2012
$138.9 billion: Total negative equity in Southern California 78.5%: Homeowners with negative equity in the 90014 ZIP Code, the worst rate in Southern California 0%: Homeowners with negative equity in the 93040, 91963, 92066 and 91210 ZIP Codes 10%: Percentage of Southern California cities in which one-fifth of homeowners owe double the value of their homes
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BUSINESS
April 25, 2010 | By Jerry Hirsch, Los Angeles Times
Auto leasing deals abound these days, with offers that often seem too good to be true. How about a well-equipped Honda Accord for $250 a month with no down payment or any other drive-off fees? Or better yet, $199 a month for a Chevrolet Malibu? So, what's the catch? There isn't any if you know what you're getting into. There are always details. You need top-tier credit to qualify. You pay a penalty if you turn that Honda in with more than 36,000 miles. And the payment is not $250 a month because of that little matter of tax. It is more like $275, depending on where you live.
BUSINESS
May 22, 2012 | Los Angeles Times
HealthCare Partners, the Torrance owner of physician groups in Southern California, Nevada and Florida, agreed to be acquired in a $4.42-billion deal by dialysis chain DaVita Inc., as large healthcare companies continue snapping up doctor groups and clinics. HealthCare Partners, a privately held company led by founding physician and Chief Executive Robert Margolis, is becoming the latest big medical group swept up in a consolidation wave triggered by federal government efforts to tame rising healthcare costs.
NEWS
May 16, 2012 | By Rong-Gong Lin II, Los Angeles Times
The deepest partial solar eclipse in a generation is headed to Southern California this weekend. What's the best way to view it? Where are the best places to go? Check out this Q&A below. Q: What's the best place to view the eclipse in Southern California?  A: The partial solar eclipse will occur late in the day in Southern California on Sunday, beginning at 5:24 p.m., reaching its maximum coverage at 6:38 p.m., and exiting the sun's path at 7:42 p.m., just 10 minutes before sunset.
CALIFORNIA | LOCAL
January 4, 2010 | By Catherine Saillant
Tens of thousands of homeowners in Southern California are being forced to buy costly flood insurance because new maps issued by a federal agency say they live in a high-risk flood area. The federal government has informed property owners in more than 150 cities and unincorporated areas in Los Angeles, Orange, Ventura, Riverside and San Bernardino counties about the new requirement. Most live near rivers and creeks, below dams or in low- lying areas that are at greater risk of flooding than previously believed, according to maps developed by the Federal Emergency Management Agency.
BUSINESS
July 5, 2011 | By W.J. Hennigan, Los Angeles Times
Bob Kahl slips in through a side door of the vast, abandoned hangar and looks at what's left of the assembly plant where he worked for nearly 40 years. He remembers the hum of power tools, the biting aroma of cutting oil, swarms of workers plugging away on a labyrinth of yellow scaffolding. All that's left is a few piles of broken concrete and a sea of colorless dust that coats a Palmdale factory floor the size of two football fields. "Welcome to the birthplace of America's space shuttle fleet," said Kahl, 60, smiling.
HOME & GARDEN
June 16, 2005 | Christy Hobart, Special to The Times
It's a vivid memory of summertime camp-outs -- that circle of silhouettes huddled around a crackling fire late at night, faces illuminated by flames and occasionally obscured by smoke. Unbelievable tales were told around this ring, secrets were whispered, solemn pacts were made. Stars shot across the sky and owls screeched. Friendships formed. You can't go back, of course, but the intimacy of a shared outdoor fire doesn't have to be relegated to childhood memories.
BUSINESS
July 1, 2011 | By Ronald D. White, Los Angeles Times
As warehouses go, there are few like Skechers USA Inc.'s new 1.82-million-square-foot distribution center. This warehouse is so big that it takes half a minute to drive from one end to the other at 60 miles per hour. The setup is so advanced that human hands will hardly touch the cargo as it is unpacked, categorized, stacked and prepared for delivery. The building is so green that it uses prevailing winds for ventilation instead of air conditioning. For its new North American operations warehouse, the nation's No. 2 footwear company chose the Inland Empire's Moreno Valley.
CALIFORNIA | LOCAL
July 26, 2005 | Jia-Rui Chong, Times Staff Writer
For many Southern Californians, summer is the season for beaches, chaise longues and the quest for the perfect tan. Not for Margaret Qiu. She and thousands of other Asian American women are going to great lengths to avoid the sun -- fighting to preserve or enhance their pale complexions with expensive creams, masks, gloves, professional face scrubs and medical procedures.
BUSINESS
May 21, 2012 | By Roger Vincent, Los Angeles Times
With work set to begin soon on a $1-billion luxury hotel in downtown Los Angeles, developer Korean Air revealed some details about the tower that is expected to dramatically alter the city's skyline. The skyscraper will be the second-tallest structure in Southern California at 70 stories, only slightly shorter than the US Bank Tower office building, said Yang Ho Cho, the chairman of Korean Air. The design is still a work in progress, but guests are expected to be whisked by high-speed elevators to the lobby on the 70th floor, where they will check in. The top floor will also have a restaurant, bar and infinity swimming pool.
ENTERTAINMENT
May 18, 2012 | By Jessica Gelt, Los Angeles Times
Cranberry is not vodka's best friend. Real vodka drinkers know this, but for years their taste has been marginalized by a craft cocktail scene obsessed with whiskey. Change is on the horizon, however. As Los Angeles bartenders vie to keep up with the next trending drink wave, venues all over town are favoring clear spirits. Well-regarded mixologists including Aidan Demarest and Marcos Tello of the cocktail consulting firm Tello/Demarest Liquid Assets are leading the way, serving as brand ambassadors to Stoli Elit vodka and Bols Genever (a grain-based, gin-like spirit)
BUSINESS
May 17, 2012 | By Alejandro Lazo, Los Angeles Times
Southern California's housing market showed signs of turning the corner in April as foreclosures made up the smallest share of sales in four years and the region's median home price increased for the first time since late 2010. Among other evidence of improvement, foreclosures dropped significantly in California and other Western states last month, a continuation of a trend that began last fall, according to data firm ForeclosureRadar. A separate report by the nation's mortgage bankers released Wednesday showed that national delinquencies and foreclosures hit a four-year low, driven largely by declines in states in the West.
CALIFORNIA | LOCAL
May 16, 2012 | By Nita Lelyveld, Los Angeles Times
Cycling on the streets of Los Angeles has never been for the faint of heart. The roads are crowded. Drivers are distracted. Potholes can be perilous. So can car doors, suddenly swung open. Even the mayor is not immune. Two years ago, when a taxi pulled out in front of him on Venice Boulevard, he flew off his bike and broke his elbow. It's no wonder some cyclists seek out whatever help they can get — be it designated bike lanes, bike paths or even bike blessings. On Tuesday, as part of Bike Week L.A., dozens of cyclists rode to Good Samaritan Hospital for the ninth annual Blessing of the Bicycles.
NEWS
May 16, 2012 | By Rong-Gong Lin II, Los Angeles Times
The deepest partial solar eclipse in a generation is headed to Southern California this weekend. What's the best way to view it? Where are the best places to go? Check out this Q&A below. Q: What's the best place to view the eclipse in Southern California?  A: The partial solar eclipse will occur late in the day in Southern California on Sunday, beginning at 5:24 p.m., reaching its maximum coverage at 6:38 p.m., and exiting the sun's path at 7:42 p.m., just 10 minutes before sunset.
BUSINESS
May 15, 2012 | By David Pierson, Los Angeles Times
BEIJING — After months of careful tinkering aimed at slowing China's supercharged economy, Chinese officials may have gotten more than they bargained for: The nation's economic engine is decelerating with alarming speed. Industrial production in April hit its slowest pace in more than three years, while growth in exports sputtered and imports were flat. In response, China's central bank over the weekend said it would ease reserve requirements for the nation's banks. The move frees about $70 billion for lending to stimulate the economy.
HOME & GARDEN
May 3, 2007 | Anne Colby, Times Staff Writer
IF it's been a year or two since you've shopped for a mattress, you're in for some surprises. That memory foam bed that once seemed so novel? It's now decidedly mainstream. Latex is the hot material of choice. And that's not all that's changed. Choices are multiplying -- especially on the luxury end -- and prices are too.
ENTERTAINMENT
December 3, 2006 | Booth Moore, Times Staff Writer
PARIS gave the fashion world the little black dress, Milan the perfectly tailored jacket. And Los Angeles? The Juicy Couture tracksuit. That's right, thanks to Southern California, sweats aren't just for the gym, jeans aren't just for weekends and flip-flops aren't just for the beach. That's because Southern California made casual chic. Sure, our relaxed aesthetic has had its low points: aerobics gear at the mall, baseball caps at the public viewing of a fallen president.
OPINION
May 14, 2012 | Gregory Rodriguez
The news that Mexican immigration to the United States has come to a virtual halt has me thinking about all the ways that will change things. It will affect politics, culture, labor and the nation's racial climate. And it will also change how we see each other and ourselves as Americans and as Californians, me included. I'm one of those mythical native Californians you might have read about. I was born near the corner of Sunset and Vermont in Hollywood. My father was born in L.A. and baptized, as was I, at La Placita Church downtown.
CALIFORNIA | LOCAL
May 13, 2012 | By Abby Sewell, Los Angeles Times
California's energy grid operator announced that two mothballed generators at a natural-gas-powered plant on the Huntington Beach coastline are back in service, a critical piece of the plan to replace power from the shuttered San Onofre nuclear power plant this summer. San Onofre has been shut down for three months because of equipment issues, and it's unclear when it will return to operation. Officials have expressed concern that in the event of a heat wave or transmission outage, parts of Los Angeles County, south Orange County and San Diego County could face power shortages over the summer without the plant's 2,200 megawatts of energy.
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