Archive for April 25th, 2010

DailyBulletin: Fontana eyes rural land area

Josh Dulaney, Staff Writer
Created: 04/24/2010 11:20:37 PM PDT

FONTANA – Some say it’s bucolic. Others call it blighted.

Whether one sees 1,100 acres of land south of the 10 Freeway as an earthy monument to a better era or a scarred and tired plot ripe for redevelopment, one thing is certain: The area has become a battleground where some residents and merchants are clashing with city officials over its future.

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SBSun OpEd: Whose attorneys are they?

Executive Editor Frank Pine
Posted: 04/24/2010 07:03:10 PM PDT

In two days, San Bernardino County’s Board of Supervisors will decide whether to hand over to state and local prosecutors confidential information related to the county’s legal wrangling with Colonies Partners LP over a controversial land dispute.

The dispute was settled in 2006, when the board voted 3-2 to pay Colonies $102 million for legal expenses, land and flood-control improvements on the developer’s Upland property.

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The SEC’s charges against the investment firm may provide an unwelcome distraction for the campaigns of former business executives Carly Fiorina and Meg Whitman.

By Cathleen Decker, Los Angeles Times

April 25, 2010

The decision by federal regulators to accuse investment powerhouse Goldman Sachs of fraud for actions in the run-up to the market meltdown sent shivers through Wall Street and a jolt of uncertainty into an unlikely venue: California’s political races.

In something of a rarity, both top-of-the-ticket races — the contests for governor and U.S. Senate — feature competitors from the world of business. Former Hewlett-Packard Chief Executive Carly Fiorina is running for the Republican nomination to challenge incumbent Democratic Sen. Barbara Boxer. Former EBay chief Meg Whitman is the GOP frontrunner in the race for governor, where she would likely face Democrat Jerry Brown, the former governor trying to recapture the job he held from 1975 to 1983.

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SacBee: CalPERS’ clout tested in fee fight

By Dale Kasler
dkasler@sacbee.com
Published: Sunday, Apr. 25, 2010 – 12:00 am | Page 1D

CalPERS is throwing its weight around on Wall Street in order to slash investment management fees and rid itself of the controversial middlemen known as placement agents.

But despite a breakthrough last week with investment titan Apollo Global Management, it’s unclear whether the giant public employee pension fund will get others to play along.

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