Budget Shocker: L.A. Shows $119 Million Surplus

downtown la

Gary Cohn: The reasons for Los Angeles’ comparatively good financial condition include a legal groundwork laid years ago that required specific funding safeguards, recent give-backs from public sector unions and an improving economy.

World Climate Change Gathering Awaits Obama Response

obama consoling sandy victim

Carl Bloice: It is hard to imagine legislation that is even close to adequate coming from bartering with a GOP leadership that won’t even agree that climate change is real.

Coveting Riches on the Great Rare Earth Highway

copper mine

Carl Bloice: The military propagandists needed to come up with something to distract attention from the reality that things are going badly in Afghanistan, very badly. Public opinion in the U.S. has soured toward the war. Every other country that has troops on the battlefields is under tremendous popular pressure to withdraw them.

Putting a Smiley Face on the Job Picture Can’t Evade the Growing Tragedy

unemployment

Michael T. Darda, chief economist at the research and trading firm MKM Partners, probably summed up last week’s message from Washington best, telling the New York Times, “Less bad is always a prelude to good.” The things one learns. We are being asked to believe that the results of the “stress tests” were “not as [...]

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