Archive for April 12th, 2010

DailyBulletin: Citizens Business Bank Arena’s ad too sexy for Ontario

Officials say no to go-go dancers
Liset Marquez, Staff Writer
Created: 04/11/2010 07:02:38 AM PDT

ONTARIO – A flier promoting “sexy go-go dancers” at Citizens Business Bank Arena’s new nightclub is not the image city officials want associated with their new entertainment venue.

“The Lounge at the Bank” flier shows two women clad in white bikinis and high boots flanking the words “sexy go-go dancers.”

Some city officials expressed concern about the message being sent by the flier, which was advertising the nightclub’s opening night on March 4.

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NYTimes: Interest Rates Have Nowhere to Go but Up

On Sunday April 11, 2010, 1:00 pm EDT

Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates.

That, economists say, is the inevitable outcome of the nation’s ballooning debt and the renewed prospect of inflation as the economy recovers from the depths of the recent recession.

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Posted Apr 12, 2010
at 10:18am EDT by Henry Blodget

From The Business Insider, April 12, 2010:

Nine months ago, Bill Gross’s Total Return Fund was 50% in US Treasuries. Now it’s only 30%, the lowest percentage in the 23 year history of the fund, says Nelson Schwartz of the NYT.

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InlandPolitics: Frank Guzman releases campaign website

Frank Guzman

San Bernardino County District Attorney candidate Frank Guzman has released his campaign website.

The hard-hitting website is not too flattering of incumbent District Attorney Michael Ramos and would appear to leave no stone unturned in revealing the many problems affecting the two-term incumbent.

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InlandPolitics: From the Don Kurth for Assembly campaign

Don Kurth

FOR IMMEDIATE RELEASE
April 12, 2010

CONTACT: Jessica Austin
909-534-3840

East End Community Leaders Uniting In Support of Mayor Don Kurth for State Assembly

Leaders from across the eastern portion of the 63rd Assembly District are joining together to support Mayor Don Kurth to succeed Republican State Assemblyman Bill Emmerson.

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Pat Gilbreath

FOR IMMEDIATE RELEASE
CONTACT: Scott Johnson (909.549.7298, scott@standwithpat.com)

Assembly Candidate Gilbreath to Address Hometown

REDLANDS [04.09.10] – Redlands Mayor Pat Gilbreath, candidate for the 63rd State Assembly District, has invited constituents to a neighborhood discussion at Augie’s Coffee House (113 N 5th St, Redlands) to address issues of concern. This venue is open to the public and all members of the press are welcome to attend. Complimentary refreshments will be served.

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RivPE: Calvert will be deposed about Jurupa land deal

Calvert

10:57 PM PDT on Sunday, April 11, 2010

By SANDRA STOKLEY
The Press-Enterprise

Attorneys for the Jurupa Area Recreation and Park District, which is locked in a legal battle over the disputed sale of property to a partnership that includes Congressman Ken Calvert, have announced that they intend to depose Calvert on May 24.

The list of planned depositions was released last week by legal firm Lepiscopo & Morrow, which represents the park district in its lawsuit against the Jurupa Community Services District.

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Joe Nelson, Staff Writer
Posted: 04/11/2010 09:57:55 PM PDT

Two years after settling a contentious lawsuit with Rancho Cucamonga developer Colonies Partners LP for $102 million, the county paid $6.4 million for a building in which Colonies co-managing partner Jeff Burum had a financial interest.

Former County Administrative Officer Mark Uffer said he learned from a staff member of Supervisor Paul Biane in March 2008 that then-county Assessor Bill Postmus was interested in purchasing the building on the southeast corner of Haven Avenue and Arrow Boulevard in Rancho Cucamonga, which Postmus planned to use for office space.

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Carla Marinucci, Chronicle Political Writer

Monday, April 12, 2010

Legions of wealthy business executives have tried and failed to make the jump to politics, but the team of Republican gubernatorial candidate Meg Whitman wants to ensure she never makes that list. They’ve carefully examined the lessons of a pair of American corporate leaders-turned-politicians as a model for her run at California governor.

The former eBay CEO’s veteran strategy team has dissected the experiences of the late Michigan Gov. George Romney, who had headed American Motors Corp., and media mogul and current New York City Mayor Michael Bloomberg.

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By Ed Mendel

CalSTRS is unveiling a new website, just in time to rebut a Stanford study last week that says California’s three big public pension funds have a shocking shortfall of more than $500 billion.

A group of graduate students used “risk-free” bonds, rather than stocks and other potentially higher-yielding investments, to calculate what a New York Times story called a “hidden shortfall” in CalPERS, CalSTRS and the UC Retirement System.

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SDUnionTribune: Pension case legal fees at $1.75 million

By Craig Gustafson, UNION-TRIBUNE STAFF WRITER

Monday, April 12, 2010 at 12:04 a.m.

SAN DIEGO — San Diego taxpayers have paid at least $1.75 million in legal fees for the five former city and pension officials who had their federal criminal charges dismissed last week, according to city and pension system records.

The total represents combined fees for federal and state prosecutions as well as a Securities and Exchange Commission civil probe.

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