April 23, 2013 |
Payday loans often trap consumers in a cycle of debt, a new report by the federal government finds. The Consumer Financial Protection Bureau found that the average consumer took out 11 loans during a 12-month period, paying a total of $574 in fees - not including loan principal. A quarter of borrowers paid $781 or more in fees. "There is high sustained use - which we consider to be not only when a consumer rolls over the loan, but also when he pays it off and returns very quickly to take out another one," Richard Cordray, director of the bureau, said in a conference call with reporters Tuesday.
April 19, 2013 |
Southern California is a hotbed of young and innovative companies, but you wouldn't know it by following the money. Venture capital funding, the lifeblood of start-ups, has fallen sharply in the region this year, according to a report released Thursday. Southern California companies raised $507.6 million from venture-capital investors in the first three months of the year, a 42% decline from the nearly $880 million in the first quarter of 2012. The data were compiled by Dow Jones VentureSource.
April 13, 2013 |
AUGUSTA, Ga. - First-round co-leader Sergio Garcia found agony Friday no matter what pains he took to avoid it. On No. 4, Garcia hemmed and hawed over the tee shot, switched from a four-iron to a three-iron and found sand and another bogey. A snap hook into the creek on No. 13 was followed by a gleaming recovery … and a missed par putt. On the 15th, Garcia's attempt to reach in two hit the bank in front of the green and ricocheted into the water. He dropped his club and then his head, then stood incredulous over the spot moments later - all en route to a 76 and a two-under total.
CALIFORNIA | LOCAL
April 12, 2013 |
The mayoral candidates met Thursday night in their first debate in the runoff election. Despite Eric Garcetti's and Wendy Greuel's acrimony in recent days, the two Democrats largely struck a sunny tone in the hourlong face-off televised by KABC-TV. To boost their bids, Garcetti cited his work on district revitalization and balancing the city's budget, while Greuel highlighted her resume, including her work at her family's business, at DreamWorks and as an elected official. Thursday also brought the first financial disclosure requirement in the runoff.
March 31, 2013 |
What Congress giveth, Congress taketh away. And so it was that on Jan. 1 most wage earners found themselves a little light in the paycheck. The reason, of course, is that lawmakers late last year allowed the 2-percentage-point cut in the employee portion of the FICA tax to expire. That benefit was enacted in 2010 to put more cash in taxpayers' wallets during the tough economic downturn. But the greater tax burden doesn't mean would-be home buyers need to put off taking advantage of some of the lowest mortgage rates in eons.
March 28, 2013 |
BAGHDAD - Ten years after the U.S.-led invasion to oust Iraqi President Saddam Hussein, the geopolitical winner of the war appears to be their common enemy: Iran. American military forces are long gone, and Iraqi officials say Washington's political influence in Baghdad is now virtually nonexistent. Hussein is dead. But Iran has become an indispensable broker among Baghdad's new Shiite elite, and its influence continues to grow. The signs are evident in the prominence of pro-Iran militias on the streets, at public celebrations and in the faces of some of those now in the halls of power, men such as Abu Mehdi Mohandis, an Iraqi with a long history of anti-American activity and deep ties to Iran.
CALIFORNIA | LOCAL
March 26, 2013 |
The Goodrich Corp. has agreed to pay at least $21.5 million to help clean up a giant perchlorate plume contaminating groundwater in the Rialto and Colton areas of San Bernardino County caused by Cold War-era munitions plants, federal authorities said Tuesday. The total cleanup cost of the 160-acre Superfund site could exceed $100 million, with Goodrich, the U.S. Department of Defense and other firms responsible for the contamination picking up the tab, according to the Environmental Protection Agency.
March 12, 2013 |
The Duggar family -- all 21 of them -- are the stars of the TLC reality television series " 19 Kids and Counting . " Parents Jim Bob and Michelle have 19 children (whose names all start with the letter J), and feeding a family that goes through 16 boxes of cereal and seven gallons of milk each week can't be easy. Neither is it cheap. How much does it cost for a family the size of two basketball teams to eat out? When the Duggars went to dinner at Bill's Bar & Burger in Manhattan on Monday, the bill totaled $614, according to TMZ . (Other websites say the bill was $617.)
March 11, 2013 |
It was a busy weekend in Amelia Island, Fla., as almost $55 million in classic cars found new homes. The weekend marked the 18th annual Amelia Island Concours d'Elegance, a highlight in the world of classic car shows. RM Auctions, the official auction house of the event, and Gooding & Co. each hosted auctions in which world records were set. The highlight of the weekend for RM was the $4.5 million sale of a 1935 Duesenberg SJ Walker-LaGrande Convertible Coupe. The car was only one of three ever made, and the only model with a supercharger.
February 25, 2013 |
This one gives me pause. Anne Hathaway is a fine young actress. The dignity and humility with which she comports herself off-screen is admirable and has made her an academy favorite. There is no doubt the actress pushes herself to take risks. She is fearless in virtually any role, which you know if you saw her suited up as Catwoman - seriously, she brought a wickedly delicious gravitas to "The Dark Knight Rises. " And no question, Hathaway put everything on the line to play the dying Fantine in "Les Misérables.