| Dec 18, 2013
| 5:52 PM
NEW YORK — The long-feared tapering of economic stimulus by the Federal Reserve powered the stock market to its latest record high as investors rejoiced at the prospect of stronger growth next year.
The Dow Jones industrial average catapulted...
| Dec 25, 2013
| 2:30 AM
Wrapping up the year in one column is tough, but let's give it a try. Although the financial industry likes to think that the center of the universe is located somewhere between lower Manhattan and the hedge fund enclave of Greenwich, CT, most of 2013 was...
| Dec 16, 2013
| 2:00 AM
City officials on Monday will consider issuing $35 million in bonds for the massive Harbor Point development — among the final steps before construction can begin on the $1.8 billion waterfront project.
Such bond issues by the city's Board of...
| Dec 8, 2013
| 5:00 AM
Dear Liz: I will be inheriting around $300,000 over the next year. My instincts are to pay down debt with this money. I have two homes and for practical reasons need to keep them. One home has a $260,000 mortgage balance at 5%. The other has a $130,000...
| Oct 11, 2013
| 12:47 PM
That's the question raised by James Grant in a Washington Post op-ed, and his answer -- as anyone who knows Grant might expect -- is yes.
His real point is that it happens all the time, in a way, and will inevitably happen in the future. "On the...
| Oct 9, 2013
| 10:50 AM
There is much to praise in President Obama's nomination of Janet Yellen as Federal Reserve chair. She's a superbly qualified economist with an excellent eye for emerging trends.
Yellen wasn't alone among Fed governors in predicting the coming...
| Oct 8, 2013
| 1:57 PM
That is: "Insane."
And "ideological extremists."
At his press conference Tuesday, President Obama described the budget standoff in terms as stark as any he has used since the outset. He needs to get even angrier and more...
| Nov 25, 2013
| 10:30 AM
The federal health care marketplace isn't the only government website that can generate hair-yanking moments. Try buying U.S. savings bonds in the digital domain.
The holiday season is a peak period for parents and grandparents to purchase bonds as gifts...
| Nov 25, 2013
| 2:30 AM
Between taper talk, a government shutdown and the doggone debt ceiling, it's been a topsy-turvy time for bond investors. Most suffered losses when the yield on ten-year Treasury bonds soared from 1.6 percent in May to nearly 3 percent in September, then...
| 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...