| Nov 24, 2013
The half-cent sales tax approved by L.A. County voters in 2008 has already changed the landscape of Los Angeles.
The Orange Line busway extension to Chatsworth opened three years ahead of schedule. Construction is underway on two light-rail lines...
| Oct 23, 2013
| 2:40 PM
Detroit went into federal bankruptcy court on Monday hoping to prove what most people already know: It is poor and $18 billion in debt, its residents aren’t getting adequate municipal services and there is no real way to rebound without some sort of...
| Oct 10, 2013
| 4:30 PM
There are as many different opinions as there are men and women on the planet. Still, it's hard to believe what some people believe. There are those who still believe that we never landed a man on the moon, that George Bush personally ordered planes to...
| Oct 29, 2013
| 5:00 AM
WASHINGTON — The Federal Reserve has taken unprecedented steps to stimulate the economic recovery from the Great Recession, but the tab has risen to such tremendous proportions — fast approaching $4 trillion — that some worry the central...
| Oct 10, 2013
| 6:13 PM
The stock market staged its best rally of the year as lawmakers inched toward a deal that would temporarily stave off a government debt default.
The Dow Jones industrial average surged 323.09 points after congressional Republicans proposed increasing...
| Oct 13, 2013
After plunging early in the week over fears that the United States might default on its debts, stocks rallied Thursday and Friday after House Republicans showed a willingness to temporarily extend the debt ceiling for six weeks.
Investors clearly were...
| Oct 14, 2013
| 5:23 PM
WASHINGTON — Five years after the U.S. financial crisis helped cause a deep global recession, foreign leaders are worried that history is going to repeat itself.
The fiscal impasse that has partially shut the federal government now threatens to...
| Oct 16, 2013
| 2:48 PM
Now that Congress is set to lift the current limit on how much the government can borrow, here are four facts about the national debt that, polls indicate, many people don’t know.
1. The U.S. debt burden is starting to decline. That’s...
| Oct 17, 2013
Re "A tablet, not a cure-all," Column, Oct. 15
Sandy Banks raises very good points about the ill-conceived rollout of Apple iPads to students in the Los Angeles Unified School District.
I am not a Luddite, and I definitely believe that students can...
| Oct 17, 2013
| 5:51 PM
WASHINGTON — In the grand scheme of the $16-trillion U.S. economy, the nearly three-week government shutdown and standoff over the debt ceiling may not look like much. Analysts estimate the loss at tens of billions of dollars, and reckon that much...
| Aug 30, 2013
| 6:09 PM
In a new legal challenge, financial industry opponents of the city of Richmond's plan to seize underwater home loans call the gambit a disguised attempt to profit at the expense of everyday investors.
Richmond is threatening to use eminent domain to...