March 8 - March 14, 2009
Friday, Mar. 13
Countrywide purchase looking good, Stewart crushes Cramer, big shakeup at Fox, and American Apparel to sell 20 percent stake.
Thursday, Mar. 12
Her effort to get government money for OneUnited Bank is the latest slant on questionable conduct that's been going on for years.
As the swindler awaits sentencing on June 16, he'll be put away in the 12-story Metropolitan Correctional Center in lower Manhattan.
The L.A. congresswoman is under fire (sort of) for her outlandish and long-standing conflicts involving OneUnited bank.
"I am actually grateful for this opportunity to publicly comment about my crimes, for which I am deeply sorry and ashamed," he tells judge.
Big climb in foreclosures, parking lot king in trouble, Tom Hanks tries to restart SAG talks, and Vegas getting hammered.
Wednesday, Mar. 11
Last year there were 1,125 of them in the world. Today there are 793, according to the latest Forbes numbers, just out this afternoon.
The WSJ's L.A. bureau is losing a few staffers, the Seattle P-I could close next week, and the Miami Herald cuts 19 percent of its staff.
Madoff Securities International appears to have been at the center of the swindler's money laundering activities.
Market cooling down, Riverside's Fleetwood Enterprises files Chapter 11, Disney investors turn down pay plan, and age bias claims increase.
Tuesday, Mar. 10
For many motel occupants, such as the Hayworth family, this is their last chance before hitting the streets or a shelter.
“When you’re constantly told you’re great... it’s hard to escape the feeling that success is your natural right,” he warned USC graduates.
So why is Bernie forgoing a trial or a plea deal? One day we'll get the skinny, but for now the move has caught many by surprise.
As for today's big gain, all I can say is be afraid - be very afraid that a brief run-up will lead to an even bigger sell-off.
The money guys from "This American Life" will headline a live stage show on April 19th at the Broad Stage in Santa Monica.
Stocks gain some ground, cities grapple with drop in property tax collections, Disney gets downgrade, and gas back up.
Monday, Mar. 9
It's looking like Wednesday will be the final print edition of the Seattle Post-Intelligencer. At least that's the latest semi-informed guess.
Even by L.A. standards, it's an oversized repository of ridiculous wealth, home to movie stars, athletes, and a plastic surgeon or two.
New concerns about credit markets, Buffett says economy has "fallen off a cliff," and lawmakers wine and dine during fiscal emergency.
© 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...
