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    Apr 5, 2013 |Story| Los Angeles Times

  1. Rising interest rates pose issue for target-date mutual funds

    The appeal of age-based mutual funds is that investors generally don't have to worry about them.
    The appeal of age-based mutual funds is that investors generally don't have to worry about them. The funds are geared toward long-term goals such as retirement or a child's college education, and automatically shift into more conservative holdings...

    Tags: Personal Finance, Credit Ratings, Retirement, Economy, Business and Finance, Finance

    2. Mar 28, 2013 |Story| Los Angeles Times

  2. Letters: Shedding state parks

    <a href="http://www.latimes.com/news/local/la-me-state-parks-20130326%2C0%2C3331928.story">Re "State urged to give up some parks," March 26</a>
    Re "State urged to give up some parks," March 26 The public and its elected and appointed representatives should be very cautious about relinquishing control or ownership of California's state parks to other groups or agencies, as recommended by a...

    Tags: Gardens and Parks, Travel, Tourism and Leisure, Politics, State Parks

    3. Mar 14, 2013 |Story| Los Angeles Times

  3. Freddie Mac: Mortgage rates jump; 30-year fixed averages 3.63%

    Mortgage rates moved sharply higher this week, with Freddie Mac pegging the typical rate on a 30-year fixed loan at 3.63%, up from 3.52% last week and 3.31% last fall when it set an all-time record low.
    Mortgage rates moved sharply higher this week, with Freddie Mac pegging the typical rate on a 30-year fixed loan at 3.63%, up from 3.52% last week and 3.31% last fall when it set an all-time record low. Freddie Mac's weekly survey of what lenders are...

    Tags: Economic Indicator, Mortgages, Financial and Business Services, Freddie Mac

    4. Feb 26, 2013 |Story| Los Angeles Times

  4. Bernanke warns Congress that budget cuts pose danger [Updated]

    WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke warned Tuesday that the upcoming budget cuts under the so-called sequestration would create a "significant" burden on an economy that is growing only moderately.
    This post has been updated, as indicated below.
    WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke warned Tuesday that the upcoming budget cuts under the so-called sequestration would create a "significant" burden on an economy that is growing only moderately. In his semi-annual economic report...

    Tags: Employment Opportunities, Financial Markets, Politics, Unemployment Benefits, Career and Workplace

    5. Feb 22, 2013 |Story| Los Angeles Times

  5. California will tap bond market for $2.7 billion

    California will sell $2.7 billion worth of bonds in March, tapping the bond market for the first time since its credit rating was boosted earlier this year.
    California will sell $2.7 billion worth of bonds in March, tapping the bond market for the first time since its credit rating was boosted earlier this year. The Golden State will sell $2.2 billion worth of general obligation bonds, which are tax-exempt,...

    Tags: Financial Markets, Credit Ratings, Bill Lockyer, Ratings, Credit and Debt

    6. Feb 5, 2013 |Story| Los Angeles Times

  6. California accuses S&P of deception in $4-billion lawsuit

    California has filed suit against Wall Street's biggest credit rating agency, Standard &amp; Poor&rsquo;s, charging the firm with violating the state's False Claims Act by using &ldquo;magic numbers&rdquo; and &ldquo;guesses&rdquo; to inflate ratings that ultimately cost California public pension funds an estimated $1 billion.
    California has filed suit against Wall Street's biggest credit rating agency, Standard & Poor’s, charging the firm with violating the state's False Claims Act by using “magic numbers” and “guesses” to inflate ratings that...

    Tags: Politics, Derivative Securities, Credit Ratings, Interior Policy, Finance

    7. Jan 25, 2013 | Los Angeles Times

  7. State legislators seek crackdown on expensive form of school finance

    L.A. NOW
    Two state legislators are leading an effort to rein in an increasingly popular method of paying for classrooms and other school improvements. So-called capital improvement bonds often carry repayment costs several times higher than the amount borrowed....
    8. Dec 12, 2012 |Story| Los Angeles Times

  8. Fed renews stimulus efforts, ties interest rates to jobless rate

    WASHINGTON -- The Federal Reserve, maintaining its aggressive efforts to stimulate a slow-growing economy burdened by high unemployment, said it would continue its large-scale bond-buying programs in the new year and, for the first time, announced explicit unemployment- and inflation-rate targets for when the central bank would raise interest rates. &nbsp;
    WASHINGTON -- The Federal Reserve, maintaining its aggressive efforts to stimulate a slow-growing economy burdened by high unemployment, said it would continue its large-scale bond-buying programs in the new year and, for the first time, announced...

    Tags: Employment Opportunities, Derivative Securities, Fiscal Cliff, Finance, Career and Workplace

    9. Dec 13, 2012 |Story| Los Angeles Times

  9. Mortgage rates dip slightly, back to near record, Freddie Mac says

    Fixed mortgage rates eased slightly this week, with lenders offering 30-year loans to solid borrowers at an average interest rate of 3.32%, down from 3.34% last week and near the record low, according to the latest Freddie Mac survey.
    Fixed mortgage rates eased slightly this week, with lenders offering 30-year loans to solid borrowers at an average interest rate of 3.32%, down from 3.34% last week and near the record low, according to the latest Freddie Mac survey. The big buyer and...

    Tags: Mortgages, Financial and Business Services, Federal Reserve, Unemployment Benefits, Homes

    10. Dec 8, 2012 |Story| Los Angeles Times

  10. Lift the debt ceiling, permanently

    Republicans scoffed when President Obama demanded the power to <a href="http://www.foxnews.com/politics/2012/12/06/obama-debt-ceiling-demand-complicates-fiscal-crisis-talks/">raise the debt ceiling unilaterally</a> in his first formal "fiscal cliff" offer to the GOP. And at first, I thought he was just staking out an extreme position for negotiating purposes. But Obama said again in the days that followed that he wasn't kidding: He wants the debt ceiling lifted <a href="http://www.whitehouse.gov/the-press-office/2012/12/05/opening-remarks-president-business-roundtable">unconditionally</a>.
    Republicans scoffed when President Obama demanded the power to raise the debt ceiling unilaterally in his first formal "fiscal cliff" offer to the GOP. And at first, I thought he was just staking out an extreme position for negotiating purposes. But Obama...

    Tags: Politics, Barack Obama, Fiscal Cliff, Finance, Crime, Law and Justice

    11. Jan 22, 2013 |Story| Los Angeles Times

  11. Stock markets in Europe and Canada edge higher

    Stock and bond markets in the U.S. were closed Monday for the Martin Luther King Jr. holiday, but trading took place in the rest of the world.
    Stock and bond markets in the U.S. were closed Monday for the Martin Luther King Jr. holiday, but trading took place in the rest of the world. European stocks rose while German bonds declined as European finance ministers met for the first time this...

    Tags: Goldman Sachs Group, Inc., Finance, General Electric Company, Companies and Corporations, United Kingdom

    12. Dec 28, 2012 |Story| Los Angeles Times

  12. Dr. Strangebudget or: How I learned to stop worrying and love the fiscal cliff

    Not to sound Panglossian, but all things considered, this whole "fiscal cliff" exercise hasn't been such a bad thing.
    Not to sound Panglossian, but all things considered, this whole "fiscal cliff" exercise hasn't been such a bad thing. I'm not saying it's been good for the economy or the public's faith in government. It's had the opposite effect, and things may get...

    Tags: Physical Fitness and Exercise, Politics, Barack Obama, Fiscal Cliff, Republican Party

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