BUSINESS
November 20, 2012 | By Andrew Tangel, Los Angeles Times
NEW YORK - As goes the "fiscal cliff," so apparently goes the stock market. The Dow Jones industrial average notched its best gain Monday in more than two months on optimism that feuding lawmakers can avert a potential fiscal crisis before it harms the U.S. economy. The blue-chip indicator rose more than 200 points and stocks rallied around the globe, easing at least momentarily the selling pressure that had weighed on share prices over the last month. It didn't seem to matter that investors' optimism was based on the faintest of hope - mild comments from lawmakers that they can stave off the dreaded spending cuts and tax increases that would kick in automatically Jan. 1. And President Obama said he believes that a deal can be struck in time.
OPINION
November 6, 2012
Re "Rev. Schuller says church owes him," Nov. 2 Regarding the bankruptcy court fight over the millions left over in the Crystal Cathedral sale and bankruptcy, I would like to volunteer to testify on behalf of the taxpayers who have been forced to subsidize these mega-corporations masquerading as churches. This is an absolute scam. The whole Schuller mob has been living high on the hog for years while enjoying an outdated tax system that shielded their church from paying taxes.
BUSINESS
October 23, 2012 | Michael Hiltzik
To hear business leaders and political candidates talk, proper industrial policy comprises only three elements: a fair tax system, a level playing field and "certainty. " So why is it that all three are about to be thrown out the window as a sop to oil, gas and nuclear interests determined to fillet the wind-power industry? The maneuvering in Washington is over a federal subsidy known as the production tax credit, which is worth 2.2 cents per kilowatt-hour to wind-energy producers.
BUSINESS
September 18, 2012 | By Jim Puzzanghera and Michael A. Memoli, Los Angeles Times
WASHINGTON - The United States and China have filed international trade complaints against each other, escalating trade tensions amid a weakening global economy and a heated U.S. presidential race. The Obama administration launched a new enforcement action Monday with the World Trade Organization, alleging that China was illegally subsidizing exports of automobiles and auto parts. Beijing filed its own WTO complaint earlier Monday, challenging anti-dumping duties that Washington had levied on $7.2 billion in goods from China - including steel, tires and kitchen appliances - that the U.S. said were sold here below cost.
NEWS
September 17, 2012 | By Michael A. Memoli
WASHINGTON -- The Obama administration is set to launch a new enforcement action with the World Trade Organization against China on Monday, alleging that the Asian economic giant is putting U.S. manufacturers at a competitive disadvantage by illegally subsidizing exports of autos and auto parts. The president, blending his roles as candidate and incumbent officeholder, will announce the move at the first of two campaign stops scheduled Monday in Ohio, a state where 1 in 8 jobs is tied directly or indirectly to auto manufacturing.
NATIONAL
August 9, 2012 | By Alana Semuels and Seema Mehta, Los Angeles Times
DES MOINES - It's an overriding conservative principle: Scale back government interference and let businesses survive or fail on their merits. But standing by that principle may hurt Mitt Romney in Iowa, a hotly contested swing state that could provide a crucial six electoral college votes in November. Romney recently upset many conservatives here by saying he would end a government tax credit that helps subsidize a burgeoning wind industry in the state. Some of them - farmers who earn tens of thousands of dollars a year for having wind turbines on their property - say they won't vote for Romney because of his wind position.