| Jul 3, 2013
| 7:41 AM
Fixed mortgage rates fell early this week following last week's dramatic surge, with lenders offering 30-year home loans to solid borrowers at an average of 4.29%, according to Freddie Mac.
The average rate had spiked to 4.46% a week earlier on fears...
| Jul 3, 2013
| 6:40 PM
SACRAMENTO — July 4th. American democracy. Majority rule.
That's my cheap way of getting into a column about making approval of local public works projects more democratic.
For a very long time in California, a small minority of voters —...
| Jul 5, 2013
| 8:28 AM
WASHINGTON -- The government's unexpectedly strong June jobs report leaves the Federal Reserve on track to start tapering its bond-buying stimulus efforts as early as September, analysts said Friday.
"The labor market has very strong momentum," Chris...
| Jul 5, 2013
| 8:44 PM
Wall Street has preferred to call the recent rebound in long-term interest rates a "wake-up call."
But to some bond investors it's apparently more like a five-alarm fire.
As rising interest rates have pushed down the value of older bonds in the last...
| Jun 20, 2013
| 6:09 PM
NEW YORK — This year's dizzying stock market rally was halted with the biggest one-day plunge of the year.
The Dow Jones industrial average slumped almost 354 points Thursday amid fears that the economy will slow now that the Federal Reserve has...
| Jan 4, 2013
| 4:13 PM
Los Angeles County prosecutors have charged six people in connection with the multimillion-dollar theft of paintings, wine and jewelry from bond trader Jeffrey Gundlach's Santa Monica home....
| Jan 25, 2013
| 2:23 PM
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....
| Jan 15, 2013
| 4:20 PM
You know all those warnings about how America's addiction to deficit spending is going to make us look like Greece?
Stop worrying. The bigger concern should be that America will look like Argentina.
That could happen, theoretically, if the...
| Jan 17, 2013
Robert L. Citron, the Orange County treasurer whose bad bets on exotic Wall Street investments resulted in what at the time was the largest municipal bankruptcy in U.S. history, died Wednesday. He was 87.
Citron died at St. Joseph Hospital in Orange...
| May 8, 2013
| 7:24 AM
WASHINGTON -- House Speaker John A. Boehner said holders of U.S. government bonds should be paid first if the nation's debt limit is breached, even if that means that China would get preference over the salaries of U.S. troops.
Boehner (R-Ohio) defended...
| Aug 1, 2012
| 3:23 PM
Debates over austerity measures in Spain, Italy and Greece served as silent pressure on the European Central Bank (ECB) to do something at its Thursday board meeting to boost investors' confidence in the government bonds Italy and Spain need to float to...