Where angels fear to tread: business in Los Angeles

Article Abstract:

The damage to the Los Angeles economy resulting from the rioting in the wake of the acquittal of four policemen charged with beating Rodney King has been estimated at $1 billion. Prior to the riots, the Southern California economy may have been about to recover from the deep recession of the early 1990's.

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Where some would fear to tread

Article Abstract:

Ukraine's march toward a market economy has had the usual difficulties common to ex-Soviet republics. One television manufacturing company, Electron, has started its own bank and its own airline to bypass the collapsing Ukrainian banking and transportation systems.

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Meanwhile, in South Central

Article Abstract:

LA has not come to grips with the financial and social impacts of the Rodney King riots. It faces a huge $120 million budget deficit and a potentially fractional mayoral election. Peter Ueberroth's 'Rebuild LA' organization has produced few visible benefits.

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