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Update: Obama severs his Countrywide connection
Breaking news from the Associated Press: The Obama campaign has just announced that Jim Johnson, who received special loans from Countrywide under a "friends of Angelo" (Mozilo) program, has quit the campaign. From the A.P.: "A leader of Democrat Barack Obama's vice presidential research team has resigned amid criticism over his personal loan deals. Obama announced in a statement Wednesday that Jim Johnson was stepping aside to avoid distracting from the vetting process."
My colleague Andy Malcolm is all over the story at Top of the Ticket.
Obama had defended his selection of Johnson yesterday, pointing out that Johnson was an
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From Zillow: Live, interactive mortgage rate charts
Whatever your favorite real estate website is, you've got to admit, it's amazing the kind of information that's now available for free.
The newest toy to catch my eye is Zillow's new interactive mortgage rate chart. There are lots of rate charts out there, but these, as I understand it, are made up of real offers made by real lenders.
Zillow's Amanda Hoffman: "These charts are based on actual rates submitted by real borrowers and are updated with quotes submitted in real-time. Anyone can customize these charts based on length of time (day, week, month, or over the past three months), and
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Photo of the day: $4.83 on Pico
Yeah, it's that nutty expensive station on Pico and Barrington in West L.A.
While I've got your attention:--Los Angeles Gas Prices reports that the average price of regular in the city is $4.53 a gallon, up from $4.33 a week ago. The website reports a high of $4.99 in L.A.--Interesting tidbit: the "spread" between L.A. gas prices and the national average has been widening significantly. A month ago it was 17 cents a gallon ($3.88 in L.A. vs. $3.71 nationally); today it's 47 cents ($4.53 vs. $4.06). An LA Land coffee mug* goes to the first commenter not named
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It ain't much -- just 32,000 square feet -- but it's home
Pictured: "In Beverly Hills, a 32,000-square-foot beaux arts mansion that will be sheathed in Portuguese limestone and adorned with gold-plated doorknobs fashioned in France is rising on Sunset Boulevard."The L.A. Times' Jessica Garrison reports that people with more money than taste who want room enough to hide from their spouses inside their houses are still building obscenely large homes in greater L.A.
Actually those are my words, not hers; she reports: "Anyone who assumed that the construction of mega-mansions would grind to a halt as the economy worsens must not be familiar with the customs of the very rich."Aside: The economy
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