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May 18, 2013 | By Emily Alpert, Los Angeles Times
Ringed by the posh shops of Beverly Center, Tim Ratliff said no - he didn't have a credit card. He didn't need one. "I just hear so many horror stories about people being in debt," said Ratliff, 21, who studies psychology at Ohio State University. "When you have a credit card, you feel like you have a lot of money when you don't. " Ratliff is like many young adults, emerging data show. His generation, dubbed millennials by academics and marketers, grew up during the boom and bust cycles of the U.S. economy over the last decade and a half - crises that appear to have reshaped their attitudes toward spending and debt.
May 5, 2013 | By Joe Piasecki
When construction workers discovered a wallet lost 66 years ago inside the wall of a San Marino home, little did three City Hall clerks know they were about to be in for a days-long sleuthing expedition that would, at its end, reunite a father's romantic quest with his surviving children. The brown leather bi-fold held plenty of clues: a World War II-era Navy ID, honorable discharge papers, regular and commercial driver's licenses, a California Department of Employment card, two pay stubs for $1.50-per-hour insulation contracting work and a Social Security card.
March 17, 2013
A fascinating underwater trip I would like to compliment Nancy Baron for her incredible, gutsy and courageous underwater trip ["Blue Magic," March 10], which fascinated me. (I'm a former Italian navy frogman.) In her description of the underwater exploration, she made it look like an easy hobby. Scuba diving is very difficult and requires hard training and a very healthy body. John Rosati Simi Valley Kudos to Amtrak My husband, 10-year-old granddaughter Alyssa and I returned home Feb. 26 from a trip to the Bay Area on Amtrak Train No. 1. On Friday of that week, my daughter Chris received a call from her children's school in Ventura.
March 3, 2013
Money well spent? Former Lakers great Magic Johnson, on his efforts to boost the intrigue surrounding the NBA's dunk contest: "Please, LeBron, get in the dunk contest. I'm going to put up a million dollars. A million dollars from Magic to LeBron. Please get in the dunk contest. I go every year. I want to see you out there. A million to the winner. " That answers that Minnesota Coach Rick Adelman, when asked whether there was a point when he gained more trust in Timberwolves forward Derrick Williams: "Well, Kevin Love's broken his hand twice.
February 16, 2013 | By John Horn and Glenn Whipp, Los Angeles Times
Forget about the price of gasoline: The real skyrocketing expense this year is the Oscar race. With two deep-pocketed studios locked into one of the closest best picture duels in recent memory and Academy Award voting extended by two weeks, the battle between "Argo" and "Lincoln" has sparked what several Hollywood executives say is the costliest campaign on record. "It's like an arms race this year," said Jim Burke, a producer on last year's best picture nominee "The Descendants.
December 25, 2012 | By Jeff Dietrich
Inside the grubby brown paper lunch bag was a red leather Gucci wallet that contained a checkbook, credit cards, a $50 check to a church, a St. Joseph holy card and a $2,500 payroll check. "I thought someone might need this to make their mortgage payment," Ernie said as he handed me the bag with its unlikely contents. The irony is that Ernie is a homeless man who sleeps on the streets of skid row and he was worried about the checkbook owners, who had a house in fashionable La CaƱada.
December 16, 2012
London in winter may be chilly, but the airfare savings on a cold-season trip can warm your heart and your wallet. You can fly round-trip from LAX to Heathrow on Air New Zealand for $828, including all taxes and fees, departing Mondays-Thursdays from Jan. 14 to March 19. Tickets must be purchased by Jan. 14; you must stay over at least a Saturday night but may not stay more than a year. Info: Air New Zealand , (800) 262-1234 Source: Airfarewatchdog Follow us on Twitter @latimestravel , like us on Facebook @Los Angeles Times Travel.
November 22, 2012 | By Andrew Khouri and Joseph Serna
A recent survey indicated that consumer confidence is at a five-year high, and Thursday night you could see signs of that optimism at the Target store at the Glendale Galleria, which was packed with customers in search of Black Friday deals. While more than 750 people waited their turn to get in, customers talked about signs of improvement in their personal finances. "This year is better than last year," said Natalio Perez, a 47-year-old Glendale resident. This year, he said, he's buying an extra, larger TV to replace a smaller one. Business at his small construction company is up about 60%, he said.
October 5, 2012 | Helene Elliott
The NHL on Thursday used its most potent hammer and ensured locked-out players will lose at least one paycheck when it canceled a segment of the regular-season schedule from the Oct. 11 openers through Oct. 24. The action was the next step following its postponement of training camp and cancellation of exhibition games. But players aren't paid during camp and were scheduled to get their first checks Oct. 15. That may be the first of many missed paydays because the league and the players' union have been unable to conduct sustained negotiations toward a new collective bargaining agreement.
September 10, 2012 | By E. Scott Reckard
Are Americans falling out of love with their credit cards again? Consumer borrowing unexpectedly fell $3.3 billion in July, driven entirely by a drop in revolving credit, the category that includes purchases made with plastic, according to a Federal Reserve survey released Monday. The decline was a big surprise - estimates in a Bloomberg survey of 37 economists had been for gains of $5 billion to $15 billion. It follows some conflicting reports on consumer confidence, underscoring the slow pace of the economic recovery.
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