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.
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."
Juan J. Dominguez is suspected in that massive scheme to extort Dole Food while preying on impoverished rural Nicaraguans.
SB hotels facing a crazy weekend, trustee discovers Pang's "piggy bank," car dealers waiting for grim word, and Activision widens franchise.
Expect a positive spin on the April employment numbers, which are not quite as terrible as those for January, February and March.
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.
The firings come just three days after Copley's sale of the paper to Bev Hills-based private equity firm Platinum Equity was completed.
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.
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.
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,
GM loses $6 billion, stress test results are mixed, California jobless claims fall for the week, and poker players sue card clubs.
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.
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.
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."
Job losses are slowing, Socal subprimers at center of mortgage meltdown, Disney's movie woes, and City National's effort at payback.
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.
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.
The eight-unit L.A. grocery chain had been started by George Torres, who was convicted last month on federal racketeering charges.
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.
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.
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.
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.
Disney CEO Robert Iger talks about managing people - as well as himself - in a NYT interview over the weekend.
L.A. home prices not that low, driving habits change, and Buffett and Munger talk about newspapers.
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