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Blog Profile / Money & Co


URL :http://latimesblogs.latimes.com/money_co/
Filed Under:Business & Finance
Posts on Regator:11671
Posts / Week:32.9
Archived Since:March 9, 2008

Blog Post Archive

GOP congressional majority likely to change way it crunches numbers

The incoming Republican majority in Congress is preparing to give number-crunching a controversial twist, and the new math could make it easier for the GOP to cut taxes.

Loan limits raised in four California counties by Fannie, Freddie

In the realm of mortgages backed by Fannie Mae and Freddie Mac, California tends to fall into two categories -- high-cost counties where eligible single-family home loans can't be higher than $625,500 (Los Angeles, Orange) or those with the standard limit of $417,000 limit (Riverside, San...

Muhammad Yunus, father of microfinance, on education, women and selfless business

Muhammad Yunus, a 2006 Nobel Peace Prize laureate for pioneering the concept of lending to tiny businesses and entrepreneurs who are poor, swung through Los Angeles over the weekend to mark the official launch of his Grameen America microfinance organization in the city.

Senators grill New York Fed chief over reports of lax bank oversight

Democratic senators on Friday hammered a key regulator over reports of lax oversight of large Wall Street banks that they said posed a risk to the financial system and broader economy.

California adds 41,500 jobs; unemployment rate holds at 7.3%

The California unemployment rate held steady at 7.3% in October, even as the state generated the largest increase in jobs in the nation.

Corinthian Colleges to sell 56 campuses to nonprofit for $24 million

Orange County-based Corinthian Colleges Inc. said Thursday that it has agreed to sell off 56 campuses for $24 million to a nonprofit entity that collects student loan debt on behalf of the federal government.

Freddie Mac: 30-year mortgage rate average dips below 4%

Fixed mortgage rates edged lower this week, with Freddie Mac’s survey of lenders showing an average of just below 4% for 30-year fixed home loans.

Consumer prices flat in October as low gas costs hold down inflation

The prices Americans paid for household staples were unchanged last month as falling gasoline and energy costs kept inflation low, the Labor Department said Thursday.

How will Japanese recession affect U.S. recovery?

Japan's unexpected fall into recession — the latest stumble for its long-struggling economy — poses another obstacle to the U.S. recovery and demonstrates the problems many key nations still are having regaining their economic footing after the Great Recession.

Barely 1 in 5 L.A. homes affordable to middle class, study finds

The bad news: Los Angeles County is the second-least affordable housing market in the country for a middle-class family.

Southern California is hotbed for wage theft in garment industry

At P & Young Apparel Inc. in the Los Angeles garment district, the clock keeping tabs on sewing workers' hours was regularly unplugged.

Retail sales bounce back in October in positive sign for holiday season

Retail sales bounced back last month after a disappointing September drop, providing positive consumer-spending momentum heading into the holiday shopping season.

California regulator knocks Anthem, Blue Shield on Obamacare networks

Underscoring a persistent complaint about Obamacare coverage, a California regulator found that two major health insurers violated state law and significantly overstated the availability of doctors on their new health-law policies.

With Japan in recession, Abe calls elections in bid to delay tax hike

With his nation in an unexpected recession, Japanese Prime Minister Shinzo Abe on Tuesday called early parliamentary elections to seek public backing for a delay in a scheduled tax increase that could worsen economic conditions.

Bob Marley estate launches marijuana brand named after reggae legend

Bob Marley brought reggae mainstream. Now his family hopes he can also hawk premium marijuana to the masses.

At G-20 summit, U.S. likely to press others to help lift global economy

As President Obama and other world leaders arrive Saturday in Brisbane, Australia, for the annual G-20 summit, they will face a daunting challenge: steering a global economy that has seen most of its major players slowing down.

Bay Area home prices cool off just a bit

Maybe, just maybe, there are limits to what people will pay to live near San Francisco Bay.

Freddie Mac: 30-year mortgage rate hovers just above 4%

Lenders were offering 30-year fixed mortgages to solid borrowers this week at an average of 4.01%, a Freddie Mac survey found, down a hair from 4.02% last week.

Economy not yet strong enough to lift interest rates, Fed's Dudley says

A top Federal Reserve policymaker said Thursday the economy still isn't strong enough to handle an increase in interest rates, but he expressed hope that will change sometime next year.

U.S., China reach agreement on cutting tariffs on tech products

U.S. and China negotiators agreed to eliminate tariffs on technology products such as calculators, semiconductors, medical equipment and cash registers in a wide-ranging deal that backers say could generate up to $1 trillion in additional trade yearly.

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