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Jun 11 2010Millionaires make a recovery
Unemployment remains at near-record levels, and most Americans are struggling to rebuild their battered finances. But the country’s wealthy are once again doing just fine, thank you. Click the photo to the right to read the entire article about this important economic demographic group from the Friday, June 11, 2010 edition of the Los Angeles Times.
May 17 2010New-home buyers reemerge in Southern CaliforniaThe Los Angeles Times reported on May 17th, 2010 that buyers purchased 3,447 new homes in Southern California during the first three months of the year, a 17% increase from the same period last year, according to the San Diego research firm MDA DataQuick. Click on the photo to the left to view the entire Read more ➝
Apr 21 2010Betting Against the American DreamOn April 9th, 2010, the National Public Radio program This American Life aired a provocative radio program that traces the history of Magnetar, a hedge fund that came up with an elaborate plan to make money by sponsoring the creation of complicated and ultimately toxic securities…while at the same time betting against the very securities Read more ➝
Apr 16 2010March exports jump at Los Angeles, Long Beach portsThe ports of Los Angeles and Long Beach, which together make up the Nation’s busiest shipping container complex, showed gains in cargo traffic for the fourth straight month in March. Please click the photo to the left to read the entire article from the April 16th, 2010 edition of the Los Angeles Times.
Apr 8 2010Fed doesn’t see inflation as an immediate threatOn April 7th, 2010, the Los Angeles Times reported that the minutes of the most recent meeting of a central bank committee show that it doesn’t plan to raise short-term interest rates any time soon but suggests it could quickly change course. Members such as Janet Yellen, the president of the San Francisco Fed who Read more ➝
Mar 9 2010For muni bonds, some financial advisors look outside CaliforniaOn Saturday, March 6th, 2010, the Los Angeles Times ran a provocative article that discussed the merits and risks of owning California municipal bonds. They argued that a portfolio that is too concentrated in California municipal bonds may be put in jeopardy if a catastrophic economic event or a natural disaster occurred. To view the entire article, please click Read more ➝
Feb 19 2010Fed Begins Tightening ProcessOn Thursday the Federal Reserve took it’s first step toward withdrawing some of the stimulus rolled out during the recession by increasing the so-called discount rate from 0.5% to 0.75%. The discount rate is the rate banks pay when borrowing funds directly from the Federal Reserve. To view the entire story from the February 19th, Read more ➝
Jan 29 2010Economy grows at 5.7% pace, fastest since 2003The economy grew for a second straight quarter from October through December, posting a better-than-expected 5.7 percent annual rate, the fastest quarterly pace since 2003. The two straight quarters of growth followed a record four quarters of decline. Click the photo to the right to view the entire January 30th, 2010 Los Angeles Times Article
Jan 29 2010Stimulus money to spur CA high-speed rail projectOn Thursday, President Obama and Vice President Biden formally announced the projects that would receive money from the American Recovery and Reinvestment Act for high-speed rail projects. The money will be distributed to 13 high-speed rail corridors across the country. California won the largest share of the $ 8 Billion in economic stimulus funds for a Read more ➝
