Topic: Los Angeles
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Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
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Maurice Sendak: 10 essential quotes
From his books and from interviews, here are 10 essential quotes from Maurice Sendak, the children's book legend.
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How 5 young black men see the Trayvon Martin case
The Monitor approached, at random, five young black men in Boston, Los Angeles, Coral Gables, Fla., and Louisville, Ky., and asked them to talk about the Trayvon Martin case, race relations, hoodies, and, of course, their own life experiences. Here's what they had to say.
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10 best cities to buy short sale homes
Foreclosures are tough: Homeowners lose their houses and ruin their credit, while banks get stuck with vacant, deteriorating real estate for months before selling it at a considerable loss. Increasingly, banks are finding another way: the short sale. Instead of waiting to foreclose, a bank preemptively sells a home at a deep discount and closes out the underwater mortgage, even if the house sells for less than the value of the mortgage. The result: Homeowners shed their mortgage debt, and banks unload properties more quickly and inexpensively. Here are the Top 10 metropolitan areas with the biggest average discounts on these pre-foreclosure homes, according to online foreclosure marketplace RealtyTrac. Can you guess which city is No. 1?
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Garry Marshall: 10 stories from his memoir
The 'Pretty Woman' and 'New Year's Eve' director Garry Marshall reflects on his time in Tinseltown in his new memoir, 'My Happy Days In Hollywood.'
All Content
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Whitney Houston 'crack ho' slur on LA radio: Look who's talking
Black people everywhere, who have never even heard of the 'The John & Ken Show' in LA, are in an uproar about the two white radio hosts who called Whitney Houston a 'crack ho' on air and made other offensive comments. Far worse is the everyday use of the 'ho' word by blacks.
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Cover Story
Does America need a CEO in the Oval Office?
Mitt Romney has been both vaunted and vilified for his business background. Here's how running a corporation really compares to running a country.
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Culture Cafe
Beth Henley's 'The Jacksonian' takes the cast South
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Gas prices: Could surge at pump derail recovery?
Gas prices in California rise above $4 a gallon. By spring, some areas could see gas prices rise to $5 a gallon.
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Xi Jinping film deals: Search for a Walt Disney of China?
Vice President Xi Jinping announces two film deals that offer Hollywood more access to China and set up a Chinese joint venture with DreamWorks to boost China's push into animation.
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Fed. immigration agent injures 1 before being killed in Calif. fed. building shooting (+video)
The Immigration and Customs Enforcement agents were shot on the seventh floor of the Glenn M. AndersonFederal Building in Long Beach, about 20 miles south of downtown Los Angeles.
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F-16 fighters intercept small plane too close into Obama's airspace
Two F-16 fighter jets made contact with the pilot of the Cessna 182, a single-engine plane, that strayed into restricted airspace around President Obama's helicopter on Thursday in Los Angeles. More than 20 pounds of marijuana was later found aboard the intruding aircraft, officials said.
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Anthony Shadid, New York Times correspondent, dies in Syria
Anthony Shadid won Pulitzer Prizes in 2004 and 2010 for his reporting in Iraq. Anthony Shadid died Thursday at the tail end of a covert reporting trip in Syria.
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Xi Jinping in California: a glimpse of what China really wants
Chinese president-in-waiting Xi Jinping will spend most of his two-day California trip highlighting the two things that, perhaps, the Chinese people admire most about the US: films and basketball.
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Knicks guard Jeremy Lin: Why we love his 'Lin-derella' story
Jeremy Lin is humble. He's religious. His style recalls an earlier era. And the Knicks guard's path to the NBA was unconventional, which gives us hope for our own lives.
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Obama must support India-Pakistan rapprochement
Amid all the bad news, there is a bit of hope in South Asia: India and Pakistan have restarted their peace dialogue, with greater economic engagement. The Obama administration should reinforce this effort, which would help US security interests in the region, especially in Afghanistan.
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Why did Democrats choose Antonio Villaraigosa to lead national convention?
Antonio Villaraigosa has built an impressive résumé in the California Assembly and as mayor of Los Angeles. As chair of the Democratic National Convention, he could help woo Latinos.
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Five Whitney Houston songs race up Britain's music charts after death
Five Whitney Houston songs had made it into the Top 40 in Britain's music charts by Wednesday, led by 'I Will Always Love You,' following her surprising death on Saturday.
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Health-care fraud crackdown nets $4.1b. Is that a lot?
Officials say nearly $4.1b was recovered last year in the health-care fraud crackdown, an Obama priority, but it's unclear if that reflects the success of law enforcement or the magnitude of the problem.
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Woody Guthrie, in an age of 'Occupy'
On his centennial, tributes pour in for a man who made complex social issues deceptively simple through song and championed the downtrodden.
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Getting to know Xi: White House prepares to meet China's new man
President Obama and Xi Jinping, China's likely next president, meet today at the White House. Many are hoping for a good rapport that will bolster a strained US-China relationship.
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Xi Jinping, future Chinese president, faces test on first White House visit (+video)
Xi Jinping, China's president-in-waiting, will be greeted with friendly words of cooperation in his first White House visit. But the underlying US-China tensions will be hard to hide.
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Charlie Weingarten finds fresh ways to champion selfless acts of philanthropy
A member of a philanthropic family founded Explore.org to inspire selflessness and lifelong learning.
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Whitney Houston: a singing sensation silenced too soon
Whitney Houston, who died tragically Saturday in Los Angeles, was a child of the African-American church and a trailblazer for black female singers. Whitney Houston, some say, had a 'once-in-a-generation' voice.
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Whitney Houston investigation: Too soon to tell if drugs involved
Whitney Houston: Toxicology test results won't be known for weeks. L.A. officials wouldn't comment on the prescription drugs found in Whitney Houston's hotel room.
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US, China face 'trust deficit' as China's heir apparent visits
Chinese Vice President Xi Jinping, China's likely leader for the next decade, will meet President Obama this week, as well as make trips to Iowa and California.
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Chapter & Verse
Railroad historian says California is on wrong track
Stanford professor Richard White, author of 'Railroaded,' voices his staunch opposition to California's high-speed train
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The Lady in Gold
Every stolen painting has a story. The tale behind this one is epic.
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Why some musicians are protesting this year’s Grammy Awards show
The Recording Academy has eliminated 31 categories of Grammy Awards, many of which are often won by minorities. A protest rally and alternative concert will be held on Sunday.
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Whitney Houston was the golden girl of the music industry
Whitney Houston, who died Saturday, wowed audiences with effortless, powerful, and peerless vocals rooted in the black church but made palatable to the masses with a pop sheen.
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