The newspapers themselves, including the LAT, have been valued at up to $1 billion, but that doesn't include Tribune's financial ties to CareerBuilder and Classified Ventures, two big sources of revenue.

Actually, Miami International and JFK seem to be in worse shape, according to the WSJ. And we're not even into the summer vacation season.

The market dynamic hasn't changed much, with too many buyers chasing after too few listings and those able to make all-cash offers dominating many parts of L.A.

Having a single party controlling the legislature certainly helps things move along - as does an economy that's on the mend. Still, there's quite a bit to be concerned about.

Tax breaks are, in many cases, pretty dumb ideas, and enterprise zones could well be one of the dumbest. Does anyone seriously believe that the decision to plunk down a strip club or hamburger joint has anything to do with saving a few dollars on taxes?

How did some low-level disenchanted punk get access to such sensitive information in the first place? If there's anything good to come out of this episode, it would be a serious look at classified access.