Archive for November 10th, 2010

SacBee: LAO deficit projection: $25.4 billion

Capitol Alert
The latest on California politics and government
November 10, 2010

The Legislative Analyst’s Office projects that the state’s looming deficit is $25.4 billion, much larger than legislative leaders had anticipated, sources said Wednesday.

The LAO is due to release its deficit projection for the 2011-12 fiscal year in the next hour. More information to come.

Wednesday, November 10, 2010 – 9:28 a.m.

Is the District Attorney really calling the shots in the investigation involving activities at Arrowhead Regional Medical Center (ARMC)?

The evidence is building, and it’s beginning to look more and more like the answer is “no”.

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3,831,825                        3,875,037

45.6%                               46.1%

Wednesday, November 10, 2010 – 08:30 a.m.

The race for California Attorney General remains ever so close this morning.

While California election officials continue to pick up the pace of counting the remaining ballots, Los Angeles District Attorney Steve Cooley holds a 43,212 vote lead over San Francisco County District Attorney Kamala Harris.

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Dunsmore

10:50 PM PST on Tuesday, November 9, 2010

By DUANE W. GANG
The Press-Enterprise

Riverside County’s top executive fired Registrar of Voters Barbara Dunmore on Tuesday amid fierce criticism over how she handled last week’s election.

The county announced the dismissal in a statement after a lengthy Board of Supervisors meeting Tuesday in which Dunmore faced tough questioning over why she did not more quickly release election results.

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10:44 PM PST on Tuesday, November 9, 2010

By DUANE W. GANG
The Press-Enterprise

Facing continued fiscal challenges, Riverside County supervisors Tuesday vowed to hold the line on spending and work to overcome a projected $46.7 million budget gap without raiding reserves.

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The PE: Issa readies ambitious oversight committee agenda

Rep. Darrell Issa

10:00 PM PST on Tuesday, November 9, 2010

By BEN GOAD
Washington Bureau

WASHINGTON – Inland Rep. Darrell Issa will have to wait until January to formally take charge of the House Oversight Committee, but the new Republican majority’s chief investigator is already busy laying the groundwork for an ambitious agenda.

Beyond holding scores of hearings into the implementation of President Barack Obama’s $787 billion stimulus plan, the housing meltdown, the bank bailout and myriad other topics, Issa is considering structural changes for the committee charged with fighting government abuse and bloat.

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The Sun: Navarro sees victory as mandate

Navarro

James Rufus Koren, Staff Writer
Posted: 11/09/2010 03:40:55 PM PST

If you like Gil Navarro, you can welcome him back. If you don’t like him, you’ll have to sit tight for the next four years.

Navarro, an outspoken and often polarizing figure whose advocacy for Latinos and troubled students often rubs leaders the wrong way, was re-elected last week to the San Bernardino County Board of Education by a wide margin. Running against three challengers, Navarro took 49.5 percent of the vote.

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Rebecca U. Cho, Staff Writer
Created: 11/09/2010 05:16:40 PM PST

If the recession was a drunk man stumbling around on the sidewalk, the end of the recession was that man falling on his face. And getting up from that fall is going to take a whole lot of time and patience, said an economist Tuesday in an economic forecast for the Inland Empire.

The U.S. recession ended in June 2009, but for the man on the street, a return to better times won’t come for some time, said Christopher Thornberg, founding principal at Beacon Economics. He kicked off a forecast for the nation, state and San Bernardino and Riverside counties at the Riverside Convention Center.

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Sandra Emerson, Staff Writer
Created: 11/09/2010 04:49:24 PM PST

UPLAND – The city’s finance and economic development committee today will discuss ways to address replenishing $1.3 million taken from the general fund reserve to cover legal and pension-related costs.

The three alternatives include using money from the redevelopment agency fund, or from the gas tax fund, or cutting 12 full-time positions.

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November 09, 2010 5:35 PM
KAREN JONAS, Staff Writer

HINKLEY • Ten years after the film “Erin Brockovich” put the spotlight on tainted groundwater supplies in this desert town, contaminated water continues to spread.

Samples taken in August in Hinkley show the plume of water contaminated with chromium 6, a cancer-causing chemical, has started to migrate into the lower aquifer. Previous reports showed there was a significant concentration of chromium 6 only in the upper aquifer, but samples taken in August show that the lower aquifer near the northwest edge of the plume has also experienced chromium 6 contamination.

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Calbuzz: Beware Murphy, Rasmussen and Other B.S. Artists

Murphy

November 10, 2010

In the days following the elections in California and across the country, so many commentators, “political experts” and partisans have engaged in so much overstated, hyperventilated and tortured analysis, we at Calbuzz have hardly known what to say.

But when we saw meathead David Gregory interviewing our friend Mike Murphy, the $90,000-a-month campaign guru for Meg “Biggest Loser” Whitman, on “Press the Meat” the other day, we felt compelled to get up off the floor and say something.

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By Jim Sanders
jsanders@sacbee.com
Published: Wednesday, Nov. 10, 2010 – 12:00 am | Page 1A
Last Modified: Wednesday, Nov. 10, 2010 – 12:05 am

Steve Cooley flashed a two-finger V sign at his election night party, thanking supporters for making him California’s new attorney general.

“Although my highly paid, close advisers say it may be a little too early, I’m declaring victory,” Cooley told a cheering crowd at the Beverly Hilton Hotel in Los Angeles.

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The plan to generate short-term cash will cost hundreds of millions of dollars more than previously estimated and is equivalent to borrowing at 10% interest, the review says.

By Shane Goldmacher, Los Angeles Times
November 10, 2010

Reporting from Sacramento —

California’s plan to sell government office buildings to generate short-term cash will cost hundreds of millions of dollars more than previously estimated and is the equivalent of long-term borrowing at 10% interest, according to an internal review prepared for the Legislature.

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The state’s Keep Your Home plan has grown to $2 billion from $700 million. However, mortgage servicers haven’t officially agreed to participate in the principal reduction part of the program.

By Alejandro Lazo and E. Scott Reckard, Los Angeles Times
November 10, 2010

Federal funding for a California plan that helps borrowers facing foreclosure has snowballed to $2 billion, enough to potentially help more than 100,000 homeowners.

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LATimes: CalPERS reports improved earnings

Money & Company
Tracking the market and economic trends that shape your finances.
November 9, 2010 | 3:14 pm

The California Public Employees’ Retirement System, the country’s biggest government pension fund, closed out its 2009-10 fiscal year, reporting a net return on investments of 13.3%

The results for the 12 months ending June 30 represented a significant improvement from the 23.4% loss in the previous year during the worst recession since the Great Depression of the 1930s.

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The former president delivers an unexpectedly engrossing rehash of what he considers to be the pivotal moments of his eight years in office.
George W. Bush

Former U.S. President George W. Bush waves while signing copies of his new memoir “Decision Points” at Borders Books on November 9, 2010 in Dallas, Texas. (Tom Pennington / Getty Images / November 9, 2010)

By Tim Rutten Los Angeles Times
November 10, 2010

The first great American autobiographies both appeared in the 19th century, were born of conflict and written by public men — “The Life and Times of Frederick Douglass” and “The Personal Memoirs of Ulysses S. Grant.”

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