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.