FROM John Blank
Dow Jones Impact in Los Angeles? The world is watching for the impact of history's first downgrading of the credit rating of the United States. How important is it? How worried should Americans be? The Dow Jones Industrial Average closed down 634 points today, a loss of 5.55 percent. The NASDAQ dropped 175 points, losing 6.9 percent. John Blank, Deputy Chief Economist for the Los Angeles County Economic Development Corporation, considers the impact in Southern California.
'Carmageddon' Didn't Happen, Should We Do This More Often? Maybe drivers in the capital of the car culture really do hate traffic after all. Threatened with " Carmageddon " this weekend, massive numbers stayed off the road. While they were gone, half the Mullholland Drive bridge was taken down --17 hours ahead of schedule--by a contractor who knew what it was doing. After all, Kiewit built the bridge in the first place.
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?