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SCIENCE
January 24, 2013 | By Amina Khan
Wild Adelie penguins have killer appetites - and they rarely miss a target. Neither fish nor krill can escape the Antarctic seabirds, according to scientists who outfitted them with cameras to spy on their feeding habits. Understanding an animal's feeding patterns can be crucial to gauging the population's health and survival. The study, published this week in PNAS, provides a look at the foraging patterns of these penguins and provides future researchers with a way to study other penguins' mysterious eating habits.
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BUSINESS
December 9, 2012 | By Kenneth R. Harney
WASHINGTON — Patrick Boris, a banquet chef in Las Vegas, is inching toward his own "fiscal cliff," 2,100 miles away from the political brinkmanship underway in Washington. If Congress and the White House don't solve the fiscal impasse this month, Boris figures he could owe federal income tax on more than $100,000 in forgiven mortgage debt following the short sale of the two-bedroom townhouse he plans to sell next year — a personal financial "disaster," in his words. In Sacramento, Elizabeth Weintraub, a real estate broker who specializes in short sales, says many of her clients have potentially taxable exposures on $200,000 or more in negative equity balances on their short sales next year if Congress fails to act. In the Tampa Bay, Fla., area, Pam Marron, a mortgage loan officer who works with underwater homeowners seeking to avoid foreclosure, says some clients are in panic mode, terrified that Congress could force them into massive federal tax bills after their short sales.
CALIFORNIA | LOCAL
November 15, 2012 | By Louis Sahagun, Los Angeles Times
The California Coastal Commission, concerned about harm to fish and marine mammals, on Wednesday scuttled Pacific Gas & Electric Co.'s plan to conduct seismic surveys with underwater air cannons offshore of the Diablo Canyon nuclear power plant. The commission's 10-0 vote followed a marathon hearing in the Santa Monica Civic Auditorium. Commission staff and environmentalists debated utility officials throughout the day over the potential damage the sonic blasts would cause near scenic Morro Bay on the Cental California coast.
BUSINESS
November 11, 2012 | By Kenneth R. Harney
WASHINGTON — Though there are still some snares and drawbacks for participants, one of the federal government's most important financial relief efforts for underwater homeowners started operating Nov. 1. It's a new short-sale program that targets the walking wounded among borrowers emerging from the housing downturn — owners who owe far more on their mortgages than their current home value but have stuck it out for years, resisted the temptation...
CALIFORNIA | LOCAL
September 29, 2012 | By Louis Sahagun, Los Angeles Times
Over objections of Central Coast residents and environmental groups, Pacific Gas & Electric plans to map earthquake fault zones near its Diablo Canyon nuclear plant by blasting high-decibel air cannons under the surface of the ocean. PG&E's plan calls for towing a quarter-mile-wide array of underwater "air cannons" that emit 250-decibel blasts into the ocean every 15 seconds for 12 straight days. The sonic reflections would be picked up by underwater receivers and analyzed to provide detailed 3-D images of the geometry, relationships and ground motions of several fault zones near the Diablo facility, which generates enough energy to meet the needs of more than 3 million Northern and Central Californians.
BUSINESS
September 18, 2012 | By Alejandro Lazo, Los Angeles Times
U.S. interest rates are at rock-bottom levels, but that's not helping most Americans with mortgages. And those high-cost loans remain a big drag on the economy, experts say. Roughly 69% of American homeowners with mortgages at the end of the second quarter had rates of 5% or higher and about 33% of them had rates above 6%, according to detailed mortgage data provided to The Times by Santa Ana research firm CoreLogic. Meanwhile, the average 30-year fixed-rate mortgage has been below 4% every week but one this year, and the average 15-year fixed-rate mortgage, popular among buyers looking to refinance, has been below 3% since the last week in May, according to Freddie Mac. Several factors may be keeping homeowners from securing lower mortgage rates, economists said, including battered credit, insufficient income, stricter lending standards and the costs of refinancing.
BUSINESS
September 12, 2012 | By Alejandro Lazo
New data show the number of underwater borrowers in the U.S. is continuing to decline as home prices improve, meaning one of the most stubborn roadblocks to the housing market's recovery is slowly lifting. The Santa Ana research firm CoreLogic estimates that the number of homeowners in the U.S. who owed more on their homes than those properties are worth totaled 10.8 million American households, or about 22.3% of all homes with mortgages, at the end of the second quarter. That was an improvement from the first quarter, when there were about 11.4 million underwater homes, amounting to about 23.7% of all mortgaged homes.
NATIONAL
August 30, 2012 | By Tina Susman, Molly Hennessy-Fiske and John M. Glionna, Los Angeles Times
NEW ORLEANS - After three days of mayhem, a weakened Isaac edged northward out of Louisiana on Thursday, leaving a third of the state without power, more than 60,000 residents evacuated and worried officials preparing to release water from a storm-stressed dam near the Mississippi border. At least one death was reported. Hundreds of homes remained underwater, and nearly 5,900 weary residents in Louisiana and more than 1,800 in Mississippi scrambled to makeshift shelters. At least 500 people who had gambled on riding out the storm were rescued by helicopter or boat, as Isaac was downgraded late Thursday to a tropical depression - a far cry from its 80-mph winds at landfall.
NEWS
August 16, 2012 | By Mary Forgione, Los Angeles Times Daily Travel & Deal blogger
The big heat gripping Southern California leaves me daydreaming about big ocean adventures, like this one in Honolulu. It's described as an underwater scooter and snorkeling experience in Maunalua Bay, where you can see fish and sea turtles up close. For a limited time, the excursion is on sale for $99 per person, courtesy of Travelzoo . The deal: The Travelzoo discount cuts the cost of this two-hour excursion in half. As always, you purchase a voucher that can be redeemed with the dive company Island Water Sports based in Honolulu.
ENTERTAINMENT
August 9, 2012 | By Betsy Sharkey, Los Angeles Times Film Critic
"Garden in the Sea," a lovely documentary from German filmmaker Thomas Riedelsheimer, follows Spanish artist Cristina Iglesias as she creates a sculpture that will sit deep inMexico's Sea of Cortez just at the edge of Espiritu Santo Island. It makes for a very internationally flavored film, one that ultimately relies on the language of sight and sound to speak eloquently about art and ecology and how they can be fused into something extraordinary. The film begins in Madrid not long after Mexican philanthropist Manuel Arango's foundation commissioned Iglesias to create a piece that would reflect his country's efforts to preserve the natural habitat of the island.
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