Monday morning headlines

Stocks in limbo: Dow is down about 50 points, with investors appearing tentative on which way to go.

Rival debt plans: House Republicans have theirs and Senate Democrats have theirs - and neither has any chance of winning passage. I think they call this gridlock. (NYT)

California households doing without: More than a third are cutting back on groceries and gasoline in order to meet mortgage payments, according to an LAT-USC poll, while more than half are foregoing on luxuries. From the Times:

Overall, 73% of respondents said the economy wasn't improving, compared with 67% in an April poll. In the latest survey, 16% said they had lost a job in the last year, and 25% had seen a reduction in wages or work hours. A total of 17% of respondents said they or someone in the household had been forced to downsize their living arrangements or relocate. The state's Latinos appear to have been hit hardest by the economy's problems, according to the poll, which showed Latinos were disproportionally affected by job losses and reduced wages.

NFL lockout is over: Owners and players finally agreed to terms early this morning, with the players expected to start voting later in the day. Training camps could start opening as early as Wednesday. (AP)

Navy Week: The USS Abraham Lincoln and the USS Princeton will be among the ships on hand at the Port of Los Angeles. This is the L.A. area's first Navy Week. (Press-Telegram)

"Captain America" tops box office: Opening weekend scored $65.8 million for the superhero adventure. "Harry Potter and the Deathly Hallows Part 2" fell a steep 72 percent from last week's opening. (THR)

Qantas services cuts: Among routes likely to be eliminated: Auckland-L.A. and L.A.-NY. The Australian airline's budget subsidiary, Jetstar, might take over the Auckland service. (Sydney Morning Herald)


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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