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.
Trump reversing Obama's climate change legacy President Trump has vowed, in his words, to "turn the EPA from a job-killer into a job-creator," and today, he's announcing his order for "energy independence." We look at the prospects for putting his promises into effect by ripping up the Obama legacy on climate change.
Is America turning its back on the world? President Trump has made no secret of his contempt for the United Nations — and he's not alone. But, will proposed cuts in US contributions be counterproductive to America's role in the world and to national security?
The 'deconstruction' of the administrative state President Trump has failed to fill high-level positions in important agencies — and some people he has named want to phase out the agencies they're supposed to lead. We look at the possible consequences for delivering services and providing security — and at top aide Steve Bannon's plans for "deconstructing the administrative state."