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.
Aerial footage of Herbert Hoover High School and Van Nuys City Hall showed crowds of students marching in the street holding signs and flags.
Police responded around 7:43 a.m. to the 10300 block of Eldora Avenue.
CBS LA issued a Next Traffic Alert in the University Park area. All lanes of the southbound 110 Freeway reopened around 10:03 a.m.
Firefighters were unable to immediately turn off the water because the car had struck high-voltage wires, which caused a significant hazard.
This is what you need to know about when the 2026 Milano Cortina Winter Olympics start and end, along with key games and events on the schedule.
Aerial footage of Herbert Hoover High School and Van Nuys City Hall showed crowds of students marching in the street holding signs and flags.
Police responded around 7:43 a.m. to the 10300 block of Eldora Avenue.
CBS LA issued a Next Traffic Alert in the University Park area. All lanes of the southbound 110 Freeway reopened around 10:03 a.m.
Firefighters were unable to immediately turn off the water because the car had struck high-voltage wires, which caused a significant hazard.
This is what you need to know about when the 2026 Milano Cortina Winter Olympics start and end, along with key games and events on the schedule.
Aerial footage of Herbert Hoover High School and Van Nuys City Hall showed crowds of students marching in the street holding signs and flags.
Police responded around 7:43 a.m. to the 10300 block of Eldora Avenue.
CBS LA issued a Next Traffic Alert in the University Park area. All lanes of the southbound 110 Freeway reopened around 10:03 a.m.
Firefighters were unable to immediately turn off the water because the car had struck high-voltage wires, which caused a significant hazard.
Los Angeles Rams quarterback Matthew Stafford was named the NFL MVP, just edging out four other candidates that included New England Patriots quarterback Drake Maye and Buffalo Bills quarterback Josh Allen, last year's MVP.
A diver swimming under the waves along the Laguna Beach coast has formed an unlikely bond with a young white seal.
An Orange County landfill has been cited for foul odors after Irvine neighbors complained about the stinky smell.
The Santa Ana winds will affect the valleys, mountains and inland areas of Los Angeles and Orange Counties, as well as much of the Inland Empire.
Anaheim police arrested a teen connected to a group of smash-and-grab robbers who purposefully rammed an SUV into an Anaheim jewelry store before crashing their getaway cars during a pursuit last month.
Fullerton's police chief denied allegations that his officers helped federal agents during a recent immigration operation.
The California Highway Patrol closed one lane of the southbound I-15 Freeway near Eastvale after a dump truck crashed its trailer into an overpass.
Riverside County installed a new camera system on the 91 Freeway to crack down on carpool lane violators.
A 19-year-old man was arrested for murder on Monday, weeks after a 63-year-old man was found dead from traumatic injuries in Riverside County in January.
Dozens of people gathered on Tuesday to protest a possible change coming to Rancho Springs Hospital in Murrieta, where officials are considering ending their midwifery program.
The Santa Ana winds will affect the valleys, mountains and inland areas of Los Angeles and Orange Counties, as well as much of the Inland Empire.
Investigators have no proof that the missing mother of "Today" show host Savannah Guthrie is still alive but are holding out hope she is "still out there," the sheriff said.
President Trump said he is directing all federal law enforcement to be at the "complete disposal" of Savannah Guthrie's family as the search continues for her mother, Nancy Guthrie.
Savannah Guthrie said she and her family were aware of reports of a ransom note and that they are "ready to talk."
The Supreme Court declined to block California's new congressional map that could net Democrats five seats in the upcoming midterm elections.
Ryan Routh, the man convicted in a 2024 assassination attempt of President Trump at his Florida golf course, has been sentenced to life in prison.
President Trump said he is directing all federal law enforcement to be at the "complete disposal" of Savannah Guthrie's family as the search continues for her mother, Nancy Guthrie.
The Supreme Court declined to block California's new congressional map that could net Democrats five seats in the upcoming midterm elections.
Starting March 1, the SBA will no longer guarantee loans for small businesses owned by foreign nationals, including green card holders.
Hillary Clinton will appear for a deposition on Feb. 26, while former President Bill Clinton will appear on Feb. 27, according to the House Oversight Committee.
The Clintons made a last-ditch effort to avoid a contempt vote.
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 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.
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.
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.
This is what you need to know about when the 2026 Milano Cortina Winter Olympics start and end, along with key games and events on the schedule.
Don't miss the 2026 Winter Olympics opening ceremony. Here's how to watch live, stream for free and catch replays.
Los Angeles Rams quarterback Matthew Stafford was named the NFL MVP, just edging out four other candidates that included New England Patriots quarterback Drake Maye and Buffalo Bills quarterback Josh Allen, last year's MVP.
Two NFC West rivals, the San Francisco 49ers and Los Angeles Rams, will face off in the NFL's first regular season game in Australia later this year, the league announced.
Donovan Mitchell scored 29 points and had nine assists as the Cleveland Cavaliers routed the Los Angeles Clippers 124-89.
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.
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
Bad Bunny used his Grammy acceptance speech on Sunday to denounce U.S. Immigration and Customs Enforcement and call for the end of the ongoing immigration crackdown.
Richard Ayoub, Project Angel Food CEO, says the new Los Angeles campus and kitchen will serve 4.5 million meals a year.
A look at what to do this weekend: Celebrating 200 years of First Fridays at the Natural History Museum, Mummies of the World: The Exhibition, Lunar New Year celebration, and the 15th Street Block Party.
Grae Drake goes over the latest releases: “Dracula: A Love Tale,” “Relationship Goals,” and “Whistle.’
LAPD officers continue to search for a suspect after two people, a man and a 10-year-old girl, were stabbed in a residential area of Sunland. The victims were taken to a hospital for their injuries.
Two teams will participate in Puppy Bowl XXII, Team Fluff and Team Ruff, with 150 dogs participating from 72 shelters across the nation.
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.
