October 31 - November 6, 2010
Friday, Nov. 5
Western Commercial Bank in Woodland Hills has struggled with heavy losses and dwindling capital, $MTEntryExcerpt$>
A boutique gym operator, I might add. $MTEntryExcerpt$>
At last check, Kamala Harris was up 12,000 votes over Steve Cooley, but that's only a 0.2 percent lead. $MTEntryExcerpt$>
They're among the celebs appearing in a Judd-Apatow-directed public service announcement for the American Jewish World Service. $MTEntryExcerpt$>
As you expect, economists were generally pleased with the additional 151,000 payroll jobs last month. $MTEntryExcerpt$>
Allowing a generation to grow up without an NFL team! How dare they! $MTEntryExcerpt$>
Brown cracks open budget, Krugman pooh-poohs jobs report, more bits about downtown stadium, and PG&E's $1-billion bill. $MTEntryExcerpt$>
This is a good report, and certainly an improvement over the last few months, but it also reflects how long the recovery is likely to take. $MTEntryExcerpt$>
Thursday, Nov. 4
And it's not because California has fewer needy residents. $MTEntryExcerpt$>
When one of the engines on a Qantas A380 blew up soon after takeoff, one of the passengers said "my whole body went to jelly." $MTEntryExcerpt$>
It's 98 degrees in Westwood. This is insane.... $MTEntryExcerpt$>
In case you forgot, that was the month Lehman Brothers went into bankruptcy and really launched the long, long period of economic suffering. $MTEntryExcerpt$>
That's the hope among residents who are cheering plans by the retail chain to take up 100,000 square feet of the 7+Fig shopping mall. $MTEntryExcerpt$>
Would it be any worse than drive-thru windows? Sometimes it's worth giving a little to get a lot more. $MTEntryExcerpt$>
What typically takes 60 minutes can be reduced to 64 seconds, thanks to the government's Global Entry program. $MTEntryExcerpt$>
Qantas grounds A380 fleet, food prices heading up, Steve Wynn believes the worst is over in Vegas, and how Brown must corral Democrats. $MTEntryExcerpt$>
Wednesday, Nov. 3
Here's another sign that consumer confidence might not be quite as bad as some of the surveys would have you believe. $MTEntryExcerpt$>
The retail giant's 7+Fig location will have 100,000 square feet, which is smaller than a typical Target but roughly twice the size of the downtown Ralphs. $MTEntryExcerpt$>
Cut Social Security and Medicare? I wouldn't bet on it, not with the first of the baby boomers just hitting retirement age. $MTEntryExcerpt$>
...than the entire budget for the National Endowment for the Arts - $163 million vs. $161.4 million.... $MTEntryExcerpt$>
As of 10:34 a.m., Kamala Harris held a 22,299-vote lead over Steve Cooley - 46.0 percent to 45.7 percent.... $MTEntryExcerpt$>
Saying that the pace of recovery remains slow, the central bank will buy $600 billion worth of long-term Treasurys by the end of next June. $MTEntryExcerpt$>
Of the 25 congressional districts hardest hit by the recession, 16 are represented by Democrats - and 14 of them won. $MTEntryExcerpt$>
Private sector adding jobs, market waits for Fed announcement, clothing makers to raise prices, and "Tonight Show" stays in Burbank. $MTEntryExcerpt$>
It'll be one of those prepackaged bankruptcies that has the support of creditors and should be cleared relatively soon. $MTEntryExcerpt$>
This should go down as one of the dumbest responses ever given in a political debate. $MTEntryExcerpt$>
The state inches away from its dysfunctional ways with the passage of Proposition 25. $MTEntryExcerpt$>
Tuesday, Nov. 2
It's pretty much everything they had been fearing for weeks. $MTEntryExcerpt$>
The agreement with landlord JMB Realty will streamline the company's real estate holdings in advance of an expected bankruptcy filing. $MTEntryExcerpt$>
My business chat looks at the prospects of tighter security for air cargo shipments and what that means for the Los Angeles Customs District. $MTEntryExcerpt$>
The Wrap's editor says she has yet to read the new Hollywood Reporter magazine because she can't find it on any newsstand. $MTEntryExcerpt$>
With his new talk show premiering until next week, O'Brien has posted a 4-minute teaser - actually a mini-episode that he dubs "Show Zero." $MTEntryExcerpt$>
It's all right if you don't really know - even if much of the financial press assumes that you do. $MTEntryExcerpt$>
It's a tricky political move because the lower the return, the more money the state will be on the hook for. $MTEntryExcerpt$>
Smallish turnout expected, GM to cut U.S. ownership stake, Bell's shakedown of local businesses, and the McRib sandwich is back! $MTEntryExcerpt$>
Monday, Nov. 1
The online company that provides legal documents had been threatening to move out of L.A. because of a tax dispute. $MTEntryExcerpt$>
Once peddled as "driving excitement," the GM brand lost its edge and high-powered image. $MTEntryExcerpt$>
Meet Western Commercial Bank of Woodland Hills, with high default rates, low asset levels, and warnings from federal regulators. $MTEntryExcerpt$>
Some opponents say that the Fed action, expected to be announced Wednesday, could do more harm than good. $MTEntryExcerpt$>
Another small but hopeful sign of an improving economy: Online advertised vacancies in California increased by 32,100 in October, to 488,000. $MTEntryExcerpt$>
Election forecaster lays out a devastating (and in my view quite realistic) scenario for Democrats tomorrow night. $MTEntryExcerpt$>
Washington gridlock won't help economy, B of A's fallout from Countrywide purchase, Randy Michaels considers comeback, and big bucks for county big wigs. $MTEntryExcerpt$>
© 2003-2015
About LA Observed
Email the editor