October 5 - October 11, 2008
Friday, Oct. 10
More than two months ago, he warned about how the other side would respond - too risky, funny name, not patriotic enough.
The AP leads this way: Wall Street seesawed Friday, with the Dow Jones industrials dropping nearly 700 points in the...
Three-pound pasta dishes? Restaurant chains push food that’s cheap and plentiful.
The former Fed chairman says that the means are now available to turn the economic tide.
If you want to know why the credit crisis is such a big deal, visit the offices of a NY broker-dealer that can't get banks to loan money.
The offering price of a monster home in Agoura that was used in the ABC series "The Bachelor" has been sliced by 33 percent.
Today's action apparently is being impacted by today's auction involving credit default swaps.
It's about the only place where you'll find some good news.
Should a plunge of more than 700 points, followed by the recovery of all those losses - in the space...
Thursday, Oct. 9
I just checked out a couple of dozen local stocks to see just how bad the damage has been since the first of the year. In a word, BAD.
Everybody says they're for transparency, but they're really not. It was the lack of transparency that helped get us into this fine mess.
Gov. Arnold Schwarzenegger says that recent actions by the feds "appear to be improving liquidity" in the state.
Another 600+ points on the Dow? There's no rational explanation for what we're seeing, other than hysteria.
What's amazing about these sentiments is how different they are from early September.
Stocks still flounder, California still looking for help, more CEOs taking a hike, and Tribune, MediaNews look at Union-Tribune.
Wednesday, Oct. 8
Here's how the Tribune CEO put it: "I think that anything is possibly true, and until something happens nothing is true."
I've been struggling to figure out how McCain's rescue plan for indebted borrowers would differ from the package that Congress passed.
After see-sawing throughout the session, losses really piled up in the closing minutes of trading.
A parody in Saturday's show that took aim at former Golden West executives Herb and Marion Sandler has been cleansed and reposted.
Stocks keep slip-sliding, many L.A. homeowners are drowning in debt, weak September retail sales, and Hollywood gets back to work.
Incredibly, stocks opened sharply lower in the opening minutes of trading, despite a big cut in interest rates.
Tuesday, Oct. 7
"This American Life" has another terrific radio hour on all the stuff you're reading about but still might not understand.
Maybe one day you can tell your grandchildren about the days when it stood at 14,000.
There's a lot of Web chatter about why a "Saturday Night Live" skit has been removed from NBC.com, Hulu and YouTube.
Markets mixed despite new Fed effort, watching out for speculators, L.A. gas prices fall again, and trouble at House of Blues.
Monday, Oct. 6
The Dow finishes the day down about 369 points, more than 400 points better than where the index stood a couple of hours ago.
The suspect in a murder-suicide in Porter Ranch over the weekend was apparently having financial problems.
What's breathtaking about today's collapse is how little talk there's been about a turnaround.
Just no buyers out there....
Stocks plummet, B of A cuts deal involving Countrywide mortgages, feds seek compromise on Wachovia, and SAG and AFTRA cooperate.
The Dow is already down 261 points in the first few minutes of trading. That is on top of the...
Sunday, Oct. 5
Paramount and DreamWorks announced a separation agreement this afternoon that pretty much wraps up their nasty relationship.
A reader notes that Sunday's LAT Calendar section had only three staff-written pieces. Everything else looks like it was farmed...
© 2003-2015 • About LA Observed • Email the editor
The funeral for Mark Lacter will be held Sunday, Nov. 24 at 12 noon at Hillside Memorial Park, 6001 W. Centinela Avenue, Los Angeles 90045. Reception to follow.
More From Mark Lacter:
After 22 years of loyalty, Baylor is unceremoniously shown the door.
Before I lived in Echo Park, there was a tiny 1920s bungalow-cottage-standalone house on N. Occidental in Silver Lake. I...
