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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Family asks UN to help free former Peace Corps volunteer jailed in Nicaragua
Of the 725 US citizens in jail abroad, more than half are behind bars in Latin America. Jason Puracal was imprisoned in November 2010, and his family says the US hasn't done enough in his case.
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Dick Clark: how a tax-accountant look-alike changed American music
Dick Clark understood how to introduce African-American performers and their music to a post-civil rights society still fraught with racial tensions. Basically, Dick Clark brought rock 'n' roll to America's living rooms.
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Change Agent
'One Day on Earth' captures the variety of human experience
Kyle Ruddick and Brandon Litman got some 19,000 people to make videos of what they saw on a single day in every country in the world. The film 'One Day on Earth' shows what they found.
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Dick Clark remembered as 'American Bandstand' host, TV & radio impresario
Dick Clark, the longtime host of ABC's 'American Bandstand,' TV game shows, and radio programs, died Wednesday near Los Angeles.
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US stocks sink on Spain's bad debts
All three major US stock indexes sank Wednesday after a dismal report about bad loans on the books of Spanish banks. The Dow fell 82 points to close at 13032.
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How do they remove the Space Shuttle Discovery from its carrier aircraft?
Very carefully.
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Decoder Wire
GSA scandal: Does agency have culture of waste, fraud, and abuse?
Critics of the huge federal bureaucracy have a history of missteps to cite, from well before the latest GSA scandal, in which Jeffrey Neeley authorized $823,000 for a conference in Las Vegas.
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Space Shuttle Discovery lands, for the last time, in Washington, D.C. (+video)
After saluting the nations capital from atop a modified jumbo jet, the Space Shuttle Discovery touched down at Dulles International Airport to be handed over to the Smithsonian Air and Space Museum.
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Latin America Monitor
What are Rio's security crackdowns accomplishing?
How effective is Rio's 2008 public safety policy, if it pushes crime out of one neighborhood and into another, asks guest blogger Julia Michaels.
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Space shuttle Discovery begins final flight (+video)
The nation's oldest space shuttle is being flown to its new home at the Smithsonian museum outside Washington, D.C. Tuesday.
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How 'Caine's Arcade' raised $164,000 for a boy from East L.A. (+video)
The Internet short film 'Caine's Arcade' has touched an emotional chord among viewers, who have donated to a college fund for Caine Monroy. It shows how social media are reshaping fundraising.
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Space Shuttle Discovery to swoop over National Mall (+video)
Perched atop a modified jumbo jet, the retired Space Shuttle Discovery will fly over Washington before arriving at its permanent resting place at the Smithsonian Air and Space Museum.
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New Orleans's post-Katrina artistic revival is in full swing
Galleries are flourishing despite the market and indie movies are on a roll – jumpstarting the whole arts scenes, but to a slightly different rhythm.
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Why ‘Caine’s Arcade’ moves grown men to tears (+video)
The short film about Caine Monroy, an East Los Angeles boy who spent his summer constructing a cardboard game arcade in his father’s auto parts shop, has won millions of fans.
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Tax day horror story: taking your money ... and your identity
The IRS is making it a top priority to crack down on the burgeoning tax day scam of identity fraud. In 2011 the agency thwarted $1.4 billion in fraudulent refunds.
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'Caine's Arcade': sweet film starring pint-size entrepreneur goes viral (+video)
'Caine's Arcade,' a short film about the innocent determination of a Los Angeles boy who made an entire arcade out of cardboard boxes, has become an Internet sensation.
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Global News Blog
Soccer player defects from Cuba, requests asylum in US
Soccer player defects: A Cuban national soccer player disappeared while his team was playing in an Olympic soccer tournament in Tennessee.
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Grounded space shuttles find new homes
NASA's retired space shuttle orbiters are making their way to museums around the country.
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Stocks' worst day in 2012: Dow loses 213
The Dow slipped 213 to 12715, its biggest drop of the year and third triple digit loss in four days.
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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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'Bully' downgraded to PG-13 as ratings system assailed from all sides
Antibullying advocates wanted 'Bully' to be bumped from R to PG-13 so teens could watch it. But family groups are appalled by the language. Did the process work or fail?
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Setback for legal marijuana? Pot raid rattles top cannabis crusader.
A federal raid on the marijuana businesses of Richard Lee has convinced the legal-marijuana leader to take a step back. It could mark an important moment for the movement.
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Poll: Trayvon Martin case divides US by race, age, wealth, and politics
New polls show a distinct split in how Americans view the shooting death of Trayvon Martin. Some groups, including blacks, women, and Democrats, are more likely to see race as a key factor.
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Whitney Houston autopsy report: Signs of cocaine use
Whitney Houston had drug paraphernalia in her hotel room, according to the autopsy report released Wednesday. Cocaine was listed as a contributing factor in her death.
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George Zimmerman 911 call: what the fallout is from botched editing
NBC has apologized for the editing, which suggests George Zimmerman was racially motivated in his actions. Authorities need more time to investigate the case thoroughly, media experts say.
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