May 3 - May 9, 2009
Friday, May. 8
Some snippets from my Inc. magazine interview with Reid Hoffman, chairman and founder of the popular social networking site. $MTEntryExcerpt$>
There's just not enough money coming in, and Controller John Chiang says that starting this summer the state faces a cash problem "unseen in nearly eight decades." $MTEntryExcerpt$>
Juan J. Dominguez is suspected in that massive scheme to extort Dole Food while preying on impoverished rural Nicaraguans. $MTEntryExcerpt$>
SB hotels facing a crazy weekend, trustee discovers Pang's "piggy bank," car dealers waiting for grim word, and Activision widens franchise. $MTEntryExcerpt$>
Expect a positive spin on the April employment numbers, which are not quite as terrible as those for January, February and March. $MTEntryExcerpt$>
Thursday, May. 7
Just a note of congratulations to our own Kevin Roderick for being honored last night by the L.A. chapter of the Society of Professional Journalists. $MTEntryExcerpt$>
The firings come just three days after Copley's sale of the paper to Bev Hills-based private equity firm Platinum Equity was completed. $MTEntryExcerpt$>
Ten of the 19 largest U.S. financial institutions will be required to raise a combined $75 billion in capital. But it could have been a lot worse. $MTEntryExcerpt$>
Ever since coupons were posted on the Oprah Web site, lines have stretched out the door at a number of locations, and some stores have run out of chicken. $MTEntryExcerpt$>
Tax receipts are plummeting because of the recession, leaving the state more than $20 billion short of what it needs to pay the bills over the next several months, $MTEntryExcerpt$>
GM loses $6 billion, stress test results are mixed, California jobless claims fall for the week, and poker players sue card clubs. $MTEntryExcerpt$>
Wednesday, May. 6
Eleanor Squillari, who was with Madoff for 25 years, spent two months helping the FBI gather evidence. She spills the beans about massage parlors and Ruth's eagle eye. $MTEntryExcerpt$>
The 42-story Bunker Hill office tower, which has been on the market since January, could provide some clues on just how low L.A. commercial real estate can go. $MTEntryExcerpt$>
Fidelity Investments found that 46 percent of the 1,012 millionaires surveyed "do not feel wealthy and are taking action to reassess and rebuild their wealth." $MTEntryExcerpt$>
Job losses are slowing, Socal subprimers at center of mortgage meltdown, Disney's movie woes, and City National's effort at payback. $MTEntryExcerpt$>
Tuesday, May. 5
The weekly television trade magazine, which began its life in 1982 as Electronic Media, will become online only in June - with a significant reduction in staff. $MTEntryExcerpt$>
The future of online journalism - or at least one part of it - can be found in back of Sharon Waxman's home in Santa Monica. $MTEntryExcerpt$>
The eight-unit L.A. grocery chain had been started by George Torres, who was convicted last month on federal racketeering charges. $MTEntryExcerpt$>
What we're seeing is a wide disparity in how people are faring. L.A. County's unemployment rate in March was 11.4 percent, but that's just part of the story.
$MTEntryExcerpt$>
Bernanke says recession is losing steam, bank decides it's cheaper to demolish Victorville homes, Santa Anita sale is cleared, and C-17 included in House bill. $MTEntryExcerpt$>
Monday, May. 4
A Simi Valley outfit has been touting its 2009 "Guide to America's Top Financial Planners," but it's little more than a come-on for the "winners" to buy a plaque. $MTEntryExcerpt$>
The May 11 edition of Fortune has only 21 pages of paid advertising, which makes you wonder about how much longer it can hold onto its large editorial staff. $MTEntryExcerpt$>
Disney CEO Robert Iger talks about managing people - as well as himself - in a NYT interview over the weekend.
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L.A. home prices not that low, driving habits change, and Buffett and Munger talk about newspapers. $MTEntryExcerpt$>
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