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Jump in bankruptcies

This will probably be an ongoing pattern for some months. L.A. bankruptcy filings for June rose 70.2 percent from a year earlier. OC was up 77.2 percent. Nationwide, it was 36.5 percent (all these increases cover both individuals and businesses). California has been hit harder because so much of the economy is tied to real estate and financial services. (OC Register)


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Recent stories on LA Observed:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
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