LA Biz Observed: April 21, 2013 - April 27, 2013 Archives

April 21 - April 27, 2013

Friday, Apr. 26

At this stage of the recovery the pace should be picking up, not slowing down, especially with an unemployment rate that's still running over 10 percent.

Flight delays are important, but what about Head Start and Meals on Wheels?

Congress has decided, forcefully and unequivocally, that air travelers are more important to them than poor kids and old folks.

Is becoming downtown's biggest landlord such a good thing?

While you do have to wonder how Brookfield Office Properties intends to handle all that space, the real estate company has assets of more than $20 billion - and downtown L.A. office towers don't often become available.

Thursday, Apr. 25

Koch brothers buying LAT is soooo bad it's almost good

The little devil in me would almost like to see the Tribune guys do the deal with the Kochs and have all those self-anointed arbiters of journalistic propriety raise holy hell. Almost.

Death of the TV channel?

Netflix CEO Reed Hastings seems to have a knack for identifying what viewers want (or don't want), and he's out with an 11-page essay on where he believes TV is headed. One of the big takeaways: Apps will replace channels.

If you want a cautionary tale on extending the subway...

It's axiomatic that this kind of construction (on the 405 freeway) is always a longer and pricier proposition than those smiling politicians promise at ground-breaking ceremonies.

Wednesday, Apr. 24

Why did Fisker Automotive fail? Just ask a customer

The Anaheim-based automaker hasn't yet filed for bankruptcy, but they're already filings obits. Another DeLorean, they say, except worse because the federal government was knee-deep in Fisker's financing.

Well, boo-hoo, the editor of NYT is .... er, tough

The early reviews on Politico's hit piece on Executive Editor Jill Abramson aren't great. Or maybe the reaction is less about the report itself, which relied heavily on unnamed sources, and more about the crybabies at the paper.

Universal Amphitheatre to shut down in September

More recently it's been known as the Gibson Amphitheatre, but whatever the name it's being closed to make way for the new Harry Potter attraction at the Universal theme park.

Happy face assumptions behind mayor's final budget plan

Let there be no mistake: City government remains a mess. It's still bloated in some areas and virtually bankrupt in others. There's been no rhyme or reason to the many personnel and service cuts over the past five years, and zero willingness by elected officials to drill into the decayed and sometimes corrupt infrastructure.

Be careful connecting flight delays and federal budget*

No doubt there is some sort of connection, but flights get delayed for all kinds of reasons that have nothing to do with Washington's sequestration business.

Tuesday, Apr. 23

Is Dodger season cursed already?

Latest bit of bad news: Starter Chad Billingsley will undergo Tommy John elbow surgery and is out through the start of next season.

The other part of the housing picture: Big drop in foreclosures

Credit higher home prices, an improving economy, and new foreclosure regulations.

Worst question a celebrity can ask: 'Do you know my name?'

What was Reese Witherspoon thinking when she put that condescending query to an Atlanta cop during a DUI stop involving her husband, the agent James Toth?

Monday, Apr. 22

Mayor presents healthier budget outlook that may assume too much*

City officials are betting that the numbers will keep improving next year, and that will mean more tax revenue for the city. But are the projections realistic?

Can Greuel erase a 10-point deficit in 4 weeks?

Sure she can - at least in theory. But making up such a large margin requires a charged, dynamic race, and the Greuel-Garcetti face-off has been anything but.

Morning flights out of LAX delayed

Most of the NY-bound flights are late this morning, not a great sign as the airlines cope with a reduced complement of air traffic controllers.

Sunday, Apr. 21

Why Koch brothers could have the inside track on the LAT

A central question is whether the Tribune Co. board will only accept offers for the entire newspaper group or consider selling off the properties in pieces.

• Go to today's blog •

• WGA board approves deal, writers vote Tuesday

• Leo Greene, journalist with ALS was 62

• Catching up on City Hall move

• All in the family

• Words of Chairman Sam *

Mark Lacter funeral services

The funeral for Mark Lacter will be held Sunday, Nov. 24 at 12 noon at Hillside Memorial Park, 6001 W. Centinela Avenue, Los Angeles 90045. Reception to follow.

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