Morning Buzz: Tuesday 7.19.11

Developer Matt Karatz, the son of former KB Homes President Bruce Karatz, will be named today as the new deputy mayor for the Office of Economic and Business Development. DN
All 73 city libraries were open for business on Monday, but most will close for four hours on Fridays to control costs. LAT, DN wires
Former Assembly Speaker Curt Pringle resigned from the embattled California High-Speed Rail Authority board, to "focus my attention on my company and my other responsibilities." Sacto Bee
Sony Pictures Entertainment has announced plans to install a 94-foot tall steel sculpture of a rainbow at its studios in Culver City. Daily Breeze
"For me, Grantland is already required reading," says Patrick Goldstein, who interviews the site's founder, Bill Simmons of ESPN. LAT/The Big Picture
Norbert Olberz, who founded Sport Chalet in La Cañada-Flintridge, died at age 86. LAT