March 15 - March 21, 2009
Friday, Mar. 20
Publisher Terry Horne says they'll be happening over the next few weeks, across all departments, but no number was given.
February unemployment in L.A. County was 10.9 percent, a half point higher than the revised 10.4 percent level for January.
Travel and tourism way down, Southwest sparks fare war, Ticketmaster loses big, and Countrywide sues AIG (no joke).
Thursday, Mar. 19
When people are looking for scapegoats, the letter of the law apparently takes a back seat.
With Santa Monica Boulevard closed off this morning, there was really no point trying to get anywhere, so I just pulled over.
Some AIG executives return the money, SD paper is bought on the cheap, still no action on billboards, and downtown developer gets sued.
Wednesday, Mar. 18
Still seems like long odds (Obama just affirmed his confidence in Geithner), but he's clearly on the watch list.
Buying the Union-Tribune will give Platinum Equity much higher visibility, which might be unfortunate for founder Tom Gores.
February's drop in Long Beach was even worse than at the Port of L.A. (and that was pretty awful).
The Federal Reserve will purchase an additional $750 billion worth of government-guaranteed mortgage-backed securities.
AIG CEO getting grilled, Madoff's accountant charged, California ranks last for business, and Zucker defends CNBC.
Tuesday, Mar. 17
After lackluster trading for most of the session, the Dow finished the day up 178 points, to just under 7400.
The AIG mess doesn't exactly help the already precarious state of the Treasury Secretary's tenure.
February's median price in L.A. County was $299,000, a 35 percent drop from a year earlier. Sales jumped 32.4 percent.
Big gift for Music Center, fraud cases decline, jobless benefits bill is defeated, and layoffs at WGA.
Monday, Mar. 16
Tomorrow will be the last printed edition of the Seattle Post-Intelligencer, which will become a Web-only publication.
Mattel's claim to a $100 million judgment and the rights to the popular doll could be in question.
Getty Trust cuts budget, Clinton leaves Burkle partnership, MGM Mirage on chopping block, and Caruso might go after Santa Anita.
Sunday, Mar. 15
Officials had warned of serious declines in inbound traffic, but I’m not sure anyone was anticipating a drop of 35.3 percent.
© 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...
