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Austin Beutner, deputy mayor of Los Angeles, speaks during an interview in Los Angeles, California, U.S., on Wednesday, March 9, 2011. Beutner, co-founder of investment bank Evercore Partners Inc., is charged with improving the business climate in the second-largest U.S. city as it navigates the longest economic slump since the 1930s. Photographer: Jonathan Alcorn/Bloomberg via Getty Images

Austin Beutner, deputy mayor of Los Angeles, speaks during an interview in Los Angeles, California, U.S., on Wednesday, March 9, 2011. Beutner, co-founder of investment bank Evercore Partners Inc., is charged with improving the business climate in the second-largest U.S. city as it navigates the longest economic slump since the 1930s. Photographer: Jonathan Alcorn/Bloomberg via Getty Images