Villaraigosa: Faking an Economic Miracle

Mayor sought a study saying East and South L.A. are booming. They're not

By MAX TAVES
Wednesday, August 6, 2008 - 5:50 pm

LOS ANGELES MIGHT BE in the middle of a housing crisis, suffering the nation’s highest fuel costs and plummeting in its ranking as a center of global commerce. But there’s a place in L.A. immune from turmoil, where incomes have swollen by double digits, homeownership has skyrocketed and the grass is green. It’s a land of untapped wealth.

[b]At least, those were the conclusions of the D.C.-based nonprofit Social Compact, whose report, “Los Angeles DrillDown,â€