FROM David Lazarus
Stock market screams red The Dow fell more than 1000 points and is down more than 10 percent from its high in January. What’s driving the sell-off? Should you sell stocks and buy bonds? Gold? Is it better to just put your fingers in your ears and sing, “la-la-la-la my retirement savings are fine.”
What has the CFPB accomplished? The Consumer Financial Protection Bureau was created after the 2008 financial crisis as a way to keep lenders, banks, and other businesses in check. Over the past six years, it’s aimed to make sure consumers are treated fairly when it comes to credit cards, student loans, payday loans and mortgages.
Protecting yourself in the wake of the Equifax data breach Hackers stole personal information, including social security numbers, of 143 million people. That means more than half of the US population is likely at risk of the Equifax hack.
Will airline service ever be great again? The "back of the bus" has turned into the back of the plane — with discrimination based on class, social status… and money. When airlines sell more seats than a plane will hold, they're allowed to force one paid passenger to give up a seat to another. Video of a doctor dragged screaming down the aisle or United Airlines plane is evidence of an increasingly common practice. And First Class isn't immune. With just four main carriers left because of consolidation, passenger service is a casualty of the drive for profit and America's increased wealth inequality.
Why internet speeds are so slow in LA It’s not your imagination that internet speeds are slow, despite companies advertising fast speeds. In New York State, Attorney General Eric Schneiderman is suing Charter Communications - the company that owns Spectrum - formerly Time Warner Cable. Spectrum is also the biggest cable provider in southern California.
Food Truck Safety: Public Health Problem or False Alarm? Gourmet food trucks are the toast of neighborhoods all over Los Angeles, from Venice to downtown's Grand Park. But only 60% have those signs with letter grades from food inspectors, and the ones that do may not have received them recently. LA Times consumer columnist David Lazarus followed up on a complaint from a reader who said she and her husband got sick after heating hot dogs from a cart in West LA.
Public Transportation in a Time of Budget Cuts Los Angeles Times business columnist David Lazarus doesn't ride public transit to work every day but, in today's paper, he wrote that he would — if it were more "user-friendly." After a week of trying it while his car was in the shop, he says, "it's almost as if dozens of entities" in the regional network "are conspiring to make the system as unwelcoming as possible."
Securing Public Spaces, Super Wealthy Asians Vehicles are increasingly being used as weapons, as seen in the London Bridge attack over the weekend and in New York’s Times Square last month. The Compton-based company Calpipe is designing security bollards to help make public spaces safer. And novelist Kevin Kwan satirizes the “crazy rich” Asian jet set and their luxurious tastes in his latest book, “Rich People Problems.”
Previewing James Comey's blockbuster testimony Former FBI director James Comey testifies Thursday in front of the Senate Intelligence Committee, but his opening statement has been released. In it, he says he felt pressured by Donald Trump to declare loyalty to him and publicly clear him of any wrongdoing in the Russia investigation.
Industry insights and lessons learned from memorable guests We have interesting guests on The Business, and sometimes our conversations are too long to fit into one show. This week we give you stories that were too good to leave on the cutting room floor, including some sharp insights on making it in the industry from David Mandel, David Simon, Shawn Levy and Matt Reeves.