Patt Morrison For February 9, 2012

Mercer 18219

Is anyone happy with California’s mortgage settlement?

At last, after 16 months, we have a mortgage settlement between five major banks and the states’ attorneys general. But while it seems like a big number, $26 billion is, relatively, not very much.

Teachers' union accuses LAUSD of mishandling Miramonte scandal

UTLA's president said he'd been told LAUSD's decision to transfer the entire Miramonte staff was permanent. LAUSD Superintendent Deasy fiercely rebuffed the allegation on KPCC.
Clippers Magic Basketball

Is a shorter NBA season a better NBA season?

In ’98-’99 – the last time the National Basketball Association faced a lockout – the resulting shortened 50-game season led to a several-year ratings slump. Basketball experts were expecting a similar situation when this year’s season finally began on Christmas Day after another protracted labor dispute.
Activists Protest Supreme Court Decision On Corporate Political Spending
“We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty.
Apple's New iPhone 4s Goes On Sale
Apple’s iPhone is the most profitable handheld device on the market, right? Wrong, at least for mobile service providers. The iPhone is unquestionably profitable for Apple, but the top three wireless carriers, Verizon, AT&T, and Sprint, are all taking notable earnings hits because of high subsidy fees they pay Apple to carry the white-hot device.
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