A British Bloke in the City of Angels

Los Angeles is the creative capital of America, the biggest manufacturing center in the US with the biggest port complex in the western hemisphere. Some 140 nationalities live here, raising money, making films and doing business.  But one of the world's richest cities, the home of many billionaires, is afraid to spend money. Those are some of the observations in a special report on Los Angeles in the UK's Financial Times. Matthew Garrahan is LA Bureau Chief.