LA's Losers Of The Week, July 16

07/16/2010 08:46 pm ET | Updated May 25, 2011

A weekly roundup of LA's big losers. Click here to see the winners.

Eli Broad: : What looked to be a cakewalk in getting final approval for Eli Broad's downtown museum hit something of a hurdle this week, as a Chinese Performing arts group is suddenly vying for the same property and threatening legal action if officials don't open the site to competing bids.

Gov. Schwarzenegger:
: The Governor's week started with a new poll finding his approval ratings at a new low, on par with those of recall-era Gray Davis. Today, he was handed a big defeat when a judge denied his order that state workers be paid minimum wage while the budget mess is sorted out. Hang in there big guy, just a few more months.

Movie Futures Exchanges:
: Turns out movie futures did not have much of a future after all. Fiercely protested by Hollywood, the move to open up movie revenues to speculation passed a few regulatory hurdles, only to be banned in the just-passed financial overhaul bill. One can't help but wonder if there was a futures market for the futures market.

Serpentine:
: Having solved all of California's economic problems, some state legislators turned their attention to the incendiary issue of state rock. Petrologists statewide were up in arms over the call to replace the asbestos-containing Serpentine with something a bit less carcinogenic.

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