February 13, 2013 |
The Pentagon will withdraw about half the 66,000 U.S. troops now in Afghanistan over the coming year, a steep reduction that reflects President Obama's determination to end America's role in the 11-year-old conflict. In his State of the Union address, Obama said 34,000 Americans would be brought home over the next 12 months, and further reductions will continue through the end of 2014, when all U.S. and other foreign troops are scheduled to leave. "American troops will come home from Afghanistan," Obama said.
February 5, 2013 |
Windows 8 debuted last year, but it'll truly arrive Saturday with the release of the Microsoft Surface with Windows 8 Pro tablet. The Surface Pro is the first Microsoft-branded device capable of running a full version of the company's Windows 8 Pro operating system. And although it comes in the shape of a tablet, the little device has the power of a full-size desktop. [Update 2:00 p.m. Feb. 6: An earlier version of this post said the Surface Pro goes on sale Friday. ]
February 5, 2013 |
WASHINGTON - President Obama on Tuesday called on Congress to come up with short-term spending cuts and revenue increases that would stave off more drastic cuts set to take effect in March. In a brief appearance in the White House briefing room, Obama asked lawmakers to come up with a quick fix that would postpone the automatic cuts and their "devastating" effects on the economy. The economy is in recovery, Obama said, but that won't continue if there are “self-inflicted wounds” caused by elected officials. The economy shouldn't be at risk “just because folks in Washington couldn't come together to eliminate a few special-interest tax loopholes or government programs that we agreed need some reform,” he said.
January 23, 2013 |
- Stepping up their austerity campaign, House Republicans plan to demand far deeper spending cuts from President Obama to balance the federal budget in just 10 years, an extraordinary goal that would hit Medicare and other safety-net programs. House Speaker John A. Boehner (R-Ohio), confronted with a more conservative Republican majority, agreed to the dramatic initiative to coax reluctant rank-and-file lawmakers Wednesday to approve a temporary suspension of the $16.4-trillion debt limit without any cuts in spending.
January 21, 2013 |
Domestic airfares have been climbing steadily since 2009, and there was no letup last year. But the uptick in ticket prices was not as steep as in the last few years. Domestic airfares increased 4.2% in 2012 compared with the previous year to an average of $427 per ticket, according to Airlines Reporting Corp., an Arlington, Va., company that completes the financial transactions between 16,000 travel agents and 187 airlines. The good news is that the fare increases have been shrinking.
January 17, 2013 |
NEW YORK - Bank of America Corp.'s and Citigroup Inc.'s lackluster earnings led Wall Street to question how long it will take two of the country's biggest banks to emerge from the shadow of the financial crisis. While BofA's fourth-quarter profit fell 63% and Citi's climbed 25%, both disappointed investors who are growing impatient with the firms' efforts to cleanse their books of problem mortgages and prune sagging businesses. Both banks' bottom lines sank under the weight of settlements and steep legal expenses that only seem to keep mounting as state and federal officials seek payback for the housing meltdown that led up to the financial crisis.
January 3, 2013 |
Wary holiday shoppers forced retailers to heavily discount items during December, ultimately handing merchants decent sales but raising worries about consumer spending in the new year. After wooing bargain hunters in December by cutting prices, major retailers such as Macy's Inc., Target Corp. and J.C. Penney Co. lowered their profit expectations for the fourth quarter, warning that steep markdowns may eat into year-end results. Along Colorado Boulevard in Old Town Pasadena, shoppers said they controlled their budgets during the holidays and planned to take a break from spending in the new year.
CALIFORNIA | LOCAL
January 1, 2013 |
The Soul Giants were a struggling R&B cover band in Pomona in the mid-1960s when lead singer Ray Collins fired the group's guitarist and invited a musical collaborator from Rancho Cucamonga to take his place. His name was Frank Zappa. The band soon began morphing into the Mothers of Invention, the avant-garde novelty rock group that was Zappa's vision. But Collins' "extraordinary pop-operatic vocals best conveyed" the band's "not-so-mock rage," according to the New Rolling Stone Record Guide.
December 26, 2012 |
Armed with gift cards, outfits that don't fit and some unexpected Christmas cash, shoppers are heading back to the malls for yet another bout of holiday splurging. LaTonya Reliford, 33, and her family will be out scavenging for bargains Wednesday. The elementary school teacher said she has started giving money and gift cards to her three children so they have more freedom to buy what they want. "We give them part gifts and part cash, so on the day after Christmas we take our kids and go to the malls," the Beverly Hills resident said.
December 11, 2012
When the Los Angeles City Council voted last week to reaffirm its 2-year-old policy of ticketing cars parked in spaces with broken meters, blogs lit up with outrage from Los Angeles drivers. It's hard enough to find an empty, legal parking spot in car-choked L.A. It seems downright churlish to penalize drivers for parking at faulty meters that won't even accept their money. Back before the 2010 policy went into effect, the city would let you park at a broken meter for free. But those were the old coin-only meters, and according to a city transportation spokesperson, 10% of them were broken at any one time - the result, for the most part, of vandalism.