Monday morning headlines

Stocks stay down: Dow is off about 340 points - and the losses keep mounting.

Geithner to stay at Treasury: This would be kind of a tough time to leave, so he'll be on board through the fall of 2012. (Washington Post)

Brown speaks up for Schwarzenegger: The current governor, interviewed on CNN's "State of the Union," would not characterize the previous administration as a failure. From Capitol Alert:

"He had his failures, but that kind of blanket condemnation is not appropriate," the Democratic governor said. "He championed renewable energy, he had bold ideas. Stem cell research. When President Bush was killing stem cell research, California was leading the way. Schwarzenegger did that. Now, there's other things that I can point to. But I think we ought to let his reputation rest and age a bit before we get too critical."

Poor immigrants in L.A. on the decline: They've been moving out of the region over the past decade because of the high cost of living, according to the Brookings Institution. From the LAT:

For the L.A. metro suburban areas, the poverty rate for foreign-born residents in 2000 was 17.1%, and that dropped to 14.4% in 2009, a 2.7 percentage-point decrease. For native-born residents, the poverty rate was 10.9% both in 2000 and 2009. The L.A. picture is strikingly different from the national one described by the study, which focused principally on comparing poverty among immigrants and non-immigrants in suburbs.

Big drop in Dodger attendance: That means the team will be taking a big hit on the revenue front, with a drop of at least $27 million in ticket sales, concession and parking revenue, the LAT reports.

As the Dodgers open a homestand Monday night against the Philadelphia Phillies, announced paid attendance is down an average of 7,902 a game so far this season at Chavez Ravine amid the ownership fight between owner Frank McCourt and Major League Baseball, and the team's sub-.500 play. That is the biggest per-game drop this season among the 30 Major League teams. The next-biggest is 4,213 for the Seattle Mariners, and baseball overall is averaging a per-game attendance decline of 91.

The other stadium deal: John Semcken, the point man for Ed Roski's proposed City of Industry site, says that the economics for the Industry stadium are more attractive than for AEG's proposed downtown facility. (Daily News)

Balboa Club sold: Chinese inventor Winston Chung is purchasing the waterfront Balboa Bay Club and the Newport Beach Country Club. Price not disclosed. (OC Register)