Report from LA

All I want to say is "not a good picture". Never saw so many vacant business spaces in my life in the States. Comparing to this, the Dot Com Burst was nothing, which did not affect the real businesses at all. Starbucks closed two stores which had been in that area for ages and I went a lot. Restaurant business was down as much as 70%, according to the waitress at my favorite Japanese shabu shabu place. But the South Coast Plaza is still packed in the weekends.