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News Fix

Seven Reasons to Sit Out Facebook's IPO

Facebook shares will start trading on Friday, and initial share prices keep rising. California's Legislative Analyst's Office has increased its target price per share to $38. At least two stock analysts are already bullish on the company -- but not everyone shares their enthusiasm.

Gov. Jerry Brown, Max Whittaker/Getty Images

Brown's Budget Plan

Analysis: 7 Reasons to Sit Out Facebook IPO, Including What Shares Are Currently Worth posted 3:57pm Wed.
Daily Cal Storify: Today's UC Regents Meeting; Video of Student Protest posted 1:50pm Wed.
Local Presbyterian Body Defies National Church on Same-Sex Marriage Rebuke; Interview With Rev. Jane Spahr posted 12:54pm Wed.

U.N. Presence Fails To Prevent Syrian Bloodshed

A funeral turned into a deadly fight that claimed more than 30 lives, many of them civilians.

Are U.S. Troops In Australia A Hedge Against China?

Some Australians are wondering how the U.S. presence will affect their relations with China.

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Program Highlights

The California Report

By Chris Richard

Residents Call for Santa Monica Airport to Shut Down

Santa Monica Airport is surrounded by densely populated neighborhoods. For years, the city has tightly regulated noise pollution with strict rules about when planes can take off and land -- but that doesn't protect neighbors from air pollution. Now some local officials are talking about getting rid of the airport altogether, even if that means taking on the federal government.

Also from The California Report:

Lawsuit Would Make It Easier to Fire Teachers

Forum

James Fallows: 'China Airborne'

Last year, the Chinese government rolled out an ambitious five-year plan to spend $250 billion to develop the next phase of its aviation infrastructure. Already, most of the world's airport construction is taking place in China. In his newest book "China Airborne," journalist James Fallows chronicles the country's efforts to become the leading producer and user of commercial planes. What could China's aerospace expansion mean for the U.S. and the rest of the world?

About the book "China Airborne"

Refunds for Skechers 'Toning Shoes' False Claims

The California-based shoe company has agreed to pay $40 million to settle claims that it deceived customers by claiming its “Shape-ups “shoes would help people shed pounds and tone their bodies, the Federal Trade Commission announced Wednesday.