Archive for August 19th, 2010

InlandPolitics: Stringer reportedly eyeing move to east coast

Thursday, August 19, 2010 – 12:05 pm

Perseverance may just pay off on occasion.

It would appear reports that San Bernardino County’s lead attorney might really in fact be departing for retirement are true.

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California’s public pension system allowed senior portfolio managers to take private jet trips around the world, paid for by firms seeking business with the agency.

By Evan Halper, Los Angeles Times
August 19, 2010

Reporting from Sacramento —

The state’s embattled public pension fund for years allowed its top investment staff to accept private jet trips around the world and other luxury travel from financial firms with whom they were doing business — without disclosing any of the trips publicly, according to the court testimony of a senior portfolio manager.

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SFChronicle: Brown’s campaign explains state plane flights

Beechcraft King Air Turboprop

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Drew Joseph, Chronicle Staff Writer
San Francisco Chronicle
Thursday, August 19, 2010

Democratic gubernatorial nominee Jerry Brown’s campaign fired back Wednesday after reports that the state attorney general used a state-owned plane for political purposes, saying that the state’s top law enforcement official used the taxpayer-funded plane only for state business.

Brown spokesman Sterling Clifford said that Brown, who touts his thriftiness as part of his campaign, had flown on the plane on 10 of 149 official trips since taking office in 2007 – and only when cost analysis showed that flying commercial would be more expensive.

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MarketWatch: Jobless claims at highest level in nine months

Aug. 19, 2010, 8:30 a.m. EDT
By Greg Robb

WASHINGTON (MarketWatch) – First-time claims for state unemployment benefits rose unexpectedly in the latest week to their highest level in nine months, the Labor Department reported Thursday.

The number of initial claims in the week ending Aug. 14 rose 12,000 to 500,000. This is the third consecutive weekly increase.

Claims are at their highest level since Nov. 14, 2009. The consensus forecast of Wall Street economists was for claims to inch lower. The four-week average rose 8,000 to 482,500.Claims in the previous week were revised to an increase of 6,000 to 488,000 compared with the initial estimate of an increase of 2,000 to 484,000.

To read entire story, click here.

VVDailyPress: SEC investigating Victorville

Federal agency serves subpoena on city
August 18, 2010 6:12 PM
Brooke Edwards

VICTORVILLE • The federal Securities and Exchange Commission is investigating Victorville and has sent a subpoena to City Hall calling for records related to the city’s $480 million in bond debt.

“We are trying to determine whether there have been any violations of the federal securities laws,” a statement from the SEC informed the city. “The investigation and the subpoena do not mean that we have concluded that you or anyone else has broken the law. Also, the investigation does not mean that we have a negative opinion of any person, entity or security.”

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PE: Bono Mack, Pougnet to debate tonight

10:00 PM PDT on Wednesday, August 18, 2010

Inland Rep. Mary Bono Mack and her challenger, Palm Springs Mayor Steve Pougnet, are set to square off in a debate tonight.

The debate will be televised in the Coachella Valley, but will not air throughout much of the 45th Congressional District, which includes Moreno Valley, Hemet and Murrieta. Those interested can watch the debate online at www.kpsplocal2.com.

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SBSun: Voting as test of faith

Diocese pushes registration
Michael J. Sorba, Staff Writer
Posted: 08/18/2010 06:13:42 PM PDT

The Diocese of San Bernardino wants its parishioners to vote not just as a matter of patriotism, but of faith.

On Tuesday, the diocese, which covers San Bernardino and Riverside counties, will host a voter registration workshop in San Bernardino to train parishioners on how to organize and conduct their own voter registration drives.

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SBSun: ‘Islands’ going back under county control

SB’s annexation of 6 areas overturned
Andrew Edwards, Staff Writer
Posted: 08/18/2010 02:58:40 PM PDT

SAN BERNARDINO – The controversial annexation of six county islands into the city has been canceled following the result of a lawsuit by a woman who claimed she was denied her right to vote on the issue.

Susan Hulse, the plaintiff in the case, said Wednesday that she was “jazzed” to once again live under county government jurisdiction.

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Wednesday, August 18, 2010 – 2:50 pm

Mr. Frugal, a.k.a Krusty and Gandolf (courtesy of the guys over at calbuzz), democratic nominee for Governor Jerry Brown has mysteriously developed a shyness to appearing on the The John and Ken Show aired on Los Angeles-based KFI-AM 640.

Yes…. it’s true. Mr. Press Conference is turning down a radio invite, and talk show hosts John Kobylt and Ken Chiampou are slowly turning up the burner on Brown.

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SFChronicle: State GOP’s right wing to call out Whitman

Meg Whitman

Carla Marinucci, Joe Garofoli, Chronicle Political Writers
San Francisco Chronicle
Thursday, August 19, 2010

California Republicans are feeling buoyant about the November election contests, but at this weekend’s convention in San Diego the party’s right flank plans to pressure gubernatorial candidate Meg Whitman on her positions on immigration and climate change.

Whitman, who remains in a dead heat with Democrat Jerry Brown despite spending a record-busting $104 million of her own money, will face criticism from some of the 1,000 grassroots party members descending on the Manchester Grand Hyatt starting Friday.

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SacBee: Ad Watch: Union-backed ad bends Whitman’s record

Published: Thursday, Aug. 19, 2010 – 12:00 am | Page 3A

California Working Families for Jerry Brown for Governor 2010, a largely union-funded independent expenditure committee, is airing a new TV ad attacking Republican gubernatorial candidate Meg Whitman for her record as CEO of eBay. Following is text of the ad and an analysis by David Siders of The Bee Capitol Bureau.

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FresnoBee: Does Jerry Brown have a Latino problem?

Brown

By Jim Boren on August 18, 2010 1:10 PM

California Governor Brown.jpgRepublican Meg Whitman’s campaign has been touting public opinion polls that show Democrat Jerry Brown “underperforming” among Latino voters. Latinos have always been a big part of Brown’s political base, and will be crucial for him if he’s going to put together the coalition he needs to win the governorship in November.

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WSJ: California Faces Prospect of Issuing IOUs Again

Politics
August 18, 2010, 8:27 P.M. ET

By Stu Woo

California’s top accountant said Wednesday that the state would have to issue IOUs in two to four weeks if Gov. Arnold Schwarzenegger and the state legislature don’t agree to a budget by then.

State Controller John Chiang said without a new spending plan that closes a $19 billion shortfall, the state would run out of money by late October. “We will run out of money if everything remains the same,” he said in an interview.

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By Malcolm Maclachlan | 08/19/10 12:00 AM PST

California Republicans were feeling pretty good Wednesday morning, in the wake of Sam Blakeslee’s win over John Laird in the special election in Senate District 15. But when the California Republican Party (CRP) looks at its checkbook, it may have some reasons for concern heading into the fall.

Through the first 18 months of the current two-year campaign cycle, the party shows $10.2 million raised. By contrast, the Democratic State Central Committee of California has taken in $23 million this cycle. This reverses a longstanding fundraising advantage for California Republicans.

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The dispute over Anaheim’s 3-year-old ban on medical marijuana outlets is sent back to the lower court. But the judges do reject the city’s position that U.S. law trumps California’s laws on the issue.

By John Hoeffel, Los Angeles Times

August 19, 2010

A state appeals court Wednesday declined to decide whether California’s medical marijuana laws prevent cities and counties from outlawing dispensaries, sending the closely watched dispute over Anaheim’s 3-year-old ban back to the lower court for more hearings.

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Published: Aug. 18, 2010
Updated: 6:16 p.m.
Medical pot ruling called ‘significant victory’
By ERIC CARPENTER
THE ORANGE COUNTY REGISTER

ANAHEIM – A state appellate court released a much-anticipated but mixed ruling Wednesday on a case involving Anaheim’s ban on medical marijuana dispensaries, failing to provide the clear precedent that both sides were anticipating on whether California cities have the right to ban all such dispensaries.

The case will now likely go back to the trial court for further review.

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LATimes: Credit default swap deals unnerve California

Some say credit default swaps may influence the market for muni bonds.

By Nathaniel Popper, Los Angeles Times
August 19, 2010

Reporting from New York —

Is Wall Street profiting from California’s misery?

That’s been a concern of state Treasurer Bill Lockyer, who takes a dim view of financial instruments — known as credit default swaps — that enable speculators to bet against California’s ability to pay its debts.

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The $1.2 billion was supposed to supplement state funds, saving teachers’ jobs. Instead, lawmakers could subtract that amount from the education budget. Education groups are outraged at the possibility.

By Shane Goldmacher, Los Angeles Times

August 19, 2010

Reporting from Sacramento — The federal government recently handed $1.2 billion to California schools to help save teachers’ jobs. But education advocates fear that state legislators will use the funds to shrink California’s $19.1-billion deficit instead.

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By Mitchell Landsberg, Los Angeles Times

August 19, 2010

The head of the American Federation of Teachers said Wednesday that she believed parents have a right to know how well their children’s teachers are rated on employee evaluations, but strongly disagreed with The Times’ decision to publish data showing how individual teachers may have influenced the standardized test scores of students.

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By Dale Kasler
dkasler@sacbee.com
Published: Thursday, Aug. 19, 2010 – 12:00 am | Page 8B

Former CalPERS board member Alfred Villalobos has stepped up his efforts to block California’s lawsuit against him over bribery charges, saying state officials know he did no wrong.

In papers filed in U.S. Bankruptcy Court in Reno this week, the businessman provided his most detailed defense yet against Attorney General Jerry Brown’s suit. Brown says Villalobos bribed three top officials with the California Public Employees’ Retirement System in order to influence the pension fund’s investment decisions.

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