Opinion: Auto And Bank Bailouts Prove Effective
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
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On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Commonly referred to as "what goes around, comes around', the Republicans are finding plenty to take shots at as the Democrats conduct their week in the 'often dubious' political spotlight called "the Convention".
Tonight, when Vice President Biden and President Obama address the country the question before them is an obvious one: are we better off than we were four years ago? The answer is equally obvious: YES!
Sitting in the Time Warner Cable Arena last night I was struck by how different the Democratic National Convention was from the Republican event last week. Unlike the Republicans in Tampa, Democrats focused on the fight to preserve the middle class and the American Dream.
Mitt Romney's economic plan basically says if you make $22.50 an hour with benefits, you make too much money; and if you make $22.5 million, then you pay too much in taxes.
Instead of getting rowdy at a demonstration or protest regarding the lack of jobs throughout the country, people can voice their discontent with the nation's current unemployment rate on this Labor Day by simply placing an empty chair in their front yard.
What is a city to do with an industrial area that turned to blight because of the economy?
The White House Press Corps members finally got the White House Press Conference they've been shouting for. And they only have themselves to blame for letting Obama turn much of it into a campaign speech by the questions they did and didn't ask.
If you know you're not going to blindly support the "left" in this coming election, see the movie '2016: Obama's America'. But, fair warning, it's disturbing – and quite frightening – to say the least.
Some elderly citizens at the Santa Clarita Valley Senior Center are no longer getting a free meal because of the down economy.
Paul Ryan has changed the Electoral College math. With the pick, Romney has chosen a path that writes off almost all of the country and focuses the election on the industrial Midwest.
Free parking for tourists and residents alike is coming to one Los Angeles neighborhood.
After months of failing to find a way to gain ground in the presidential campaign, Mitt Romney has hit the reset button by picking Paul Ryan as his running mate, but once the dust has settled and the Conventions are over, it is hard to see how Romney will have changed the direction of the 2012 presidential campaign.
Many who supported Obama in 2008 did so because they believed that he would help black Americans. The criticism four years later is that having a black president in the White House hasn't helped African Americans at all.
The blatant lies and the desperate spins generated from the "left" have been absolutely frightening. What's extremely sad for them is that they don't have a prayer of keeping the White House without creating lies and spinning obvious negatives into self-reported positives.
The Great Recession has forced more young people to move back in with their folks, according to a report released Wednesday.
Down to the trademark "W", W. Mitt Romney is literally the second coming of the George W. Bush: the economic strategy that led to the worst American economy since the Great Depression and the Bush legacy of secrecy in the face of questions from the American public.
The mayor of San Bernardino on Wednesday blamed the city's bankruptcy filing on an economic "perfect storm" as officials warned of widespread budget cuts.
Obama's latest speech on tax cuts for the middle class is just a retread of his tired class warfare rhetoric and strategy.
Of all the signs leading to a defeat for President Barack Obama in the presidential election of 2012, the most glaring sign is the 8.2% unemployment rate.
Mitt Romney's contortions to differentiate offshoring from outsourcing don't matter to those who lost their jobs because of it.
Five months before the presidential election, this rating is disastrous for Obama – almost as disastrous as the lack of any results for America these past four years.
Housing starts specifically in residential construction are expected "to take off in earnest in 2013" after a slow but steady 2012, according to economists.
Employers in Los Angeles County were among the factors behind the highest increase in job growth in the country.
Obama spent his speech blaming the Republican Congress for the nation's woes and his own inability to accomplish what he knows he hasn't accomplished.
A Garden Grove coffee shop was shut down by police last week for alleged illegal activity, which included several code violations for nudity and serving alcohol without a license.
Three people were wounded when a gunman allegedly opened fire in East Los Angeles on Sunday night, authorities said.
A Los Angeles County Fire Department firefighter was hospitalized as crews battled a fire that gutted a vacant building in Artesia on Sunday night.
A Chino family is demanding answers after their Nicaraguan mother, who was awaiting an outcome in her asylum case, was detained by federal immigration agents in January.
Villa's Tacos, a beloved Los Angeles-based taqueria, made a guest appearance during the Super Bowl halftime show on Sunday, putting an even larger spotlight on the restaurant already loved by Angelenos.
The Seattle Seahawks defeated the New England Patriots Sunday to win the 2026 Super Bowl. Get live updates here.
Villa's Tacos, a beloved Los Angeles-based taqueria, made a guest appearance during the Super Bowl halftime show on Sunday, putting an even larger spotlight on the restaurant already loved by Angelenos.
A Garden Grove coffee shop was shut down by police last week for alleged illegal activity, which included several code violations for nudity and serving alcohol without a license.
Three people were wounded when a gunman allegedly opened fire in East Los Angeles on Sunday night, authorities said.
A Los Angeles County Fire Department firefighter was hospitalized as crews battled a fire that gutted a vacant building in Artesia on Sunday night.
Three people were wounded when a gunman allegedly opened fire in East Los Angeles on Sunday night, authorities said.
A Los Angeles County Fire Department firefighter was hospitalized as crews battled a fire that gutted a vacant building in Artesia on Sunday night.
Villa's Tacos, a beloved Los Angeles-based taqueria, made a guest appearance during the Super Bowl halftime show on Sunday, putting an even larger spotlight on the restaurant already loved by Angelenos.
The crash happened at approximately 4:50 p.m. at the intersection of Redondo Avenue and E. 2nd Street, according to Long Beach police.
A Los Feliz family is hoping to raise enough money to replace an adaptive tricycle that was stolen from their son, who has Down syndrome and autism.
A Garden Grove coffee shop was shut down by police last week for alleged illegal activity, which included several code violations for nudity and serving alcohol without a license.
Police say that all three victims were found suffering from gunshot wounds in the street outside of a house party late Saturday night.
The shooting happened at around 3:50 p.m. near W. McFadden Avenue and Graham Street, according to Santa Ana police.
Orange County officials confirm second measles case in Disneyland visitor
Laguna Beach city leaders are mulling a proposal that would ban large pop-up shade structures on the sand to protect the safety of beachgoers.
A Chino family is demanding answers after their Nicaraguan mother, who was awaiting an outcome in her asylum case, was detained by federal immigration agents in January.
Health officials say that an unvaccinated minor visited the Walmart Supercenter in Ontario on Jan. 29.
Deputies say that the suspect had run from the spot of a hit-and-run crash before they tried to take him into custody.
An unlicensed 15-year-old driver crashed into a motorcyclist on Friday morning in the midst of a school walkout against federal immigration operations across the country.
A motorcyclist who was fleeing from Riverside County Sheriff's Office deputies died after crashing into an uninvolved car at a Perris intersection on Thursday afternoon.
Kawhi Leonard had 41 points and eight rebounds and the Los Angeles Clippers beat the slumping Minnesota Timberwolves 115-96 on Sunday.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
The Seattle Seahawks defeated the New England Patriots Sunday to win the 2026 Super Bowl.
Lindsey Vonn, who came out of retirement to compete in the Milano Cortina Games, is in stable condition after her crash.
Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
President Trump criticized Team USA freestyle skier Hunter Hess after he and other American athletes at the 2026 Winter Olympics shared their thoughts on U.S. politics.
Skier Chris Lillis said he was "heartbroken about what's happened in the United States," while skater Amber Glenn said she "will not just be quiet."
President Trump late Friday addressed a video posted to his social media account that included a racist depiction of Barack and Michelle Obama as apes, telling reporters he didn't see the part that showed the former president and first lady.
A judge ordered the U.S. to return three migrant families who were affected by President Trump's family separation policy in his first term and then deported in his second.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
Meal kit delivery firm HelloFresh will pay $7.5 million to settle a lawsuit accusing it of misleading customers and making it difficult for them to cancel their subscriptions.
With the help of her daughter and her 5th-grade class, CBS News California (KCAL) Investigative reporter Julie Watts investigates "Sephora Kids" concerns.
A Southern California man has pleaded guilty for his role in a scheme that stole more than $2 million from San Francisco-based food delivery company DoorDash, federal prosecutors said.
Health officials say that an unvaccinated minor visited the Walmart Supercenter in Ontario on Jan. 29.
Health officials said that the traveler arrived at LAX's Tom Bradley International Airport Terminal on a Viva Aerobus Flight on Jan. 26.
Orange County health officials have confirmed their second measles case of 2026 in an international traveler who arrived in California at Los Angeles International Airport before visiting Disneyland and California Adventure last week.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.
About 30% of San Francisco was without power at the height of the outage, according to utility provider PG&E.
The DMV said it is giving Tesla Motors 60 days to address its misleading use of "autopilot," or it could have its dealer license temporarily suspended.
California is set to join a growing list of states banning the practice of cat declawing, under a new law taking effect in January.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
Villa's Tacos, a beloved Los Angeles-based taqueria, made a guest appearance during the Super Bowl halftime show on Sunday, putting an even larger spotlight on the restaurant already loved by Angelenos.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Jazzy Davidson had 27 points, 8 rebounds and 8 assists as the Trojans secured their fourth-straight win on the road on Sunday against Illinois.
Kawhi Leonard had 41 points and eight rebounds and the Los Angeles Clippers beat the slumping Minnesota Timberwolves 115-96 on Sunday.
Lauren Betts had 16 points, 16 rebounds, five assists and three blocks to help No. 2 UCLA hold off No. 8 Michigan for a 69-66 win on Sunday.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Don't miss the 2026 Winter Olympics opening ceremony. Here's how to watch live, stream for free and catch replays.
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Josh D'Amaro, who oversees Disney theme parks and dozens of resort hotels worldwide, will become the next Disney CEO.
Villa's Tacos, a beloved Los Angeles-based taqueria, made a guest appearance during the Super Bowl halftime show on Sunday, putting an even larger spotlight on the restaurant already loved by Angelenos.
Seven measles cases have been reported in Southern California in the last two weeks, three each in Los Angeles and Orange counties and one in San Bernardino County, according to public health officials.
A man died while mountain biking in the Shadow Hills area of Los Angeles on Sunday morning, authorities confirmed.
Police shut down an Orange County coffee shop last week because it was allegedly operating as a strip club. Zach Boetto reports.
Three people were wounded when a gunman allegedly opened fire in East Los Angeles on Sunday night, authorities said.
Widely considered the greatest architect of his time, Frank Gehry helped shape Los Angeles' skyline.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
