Archive for June 23rd, 2011

YahooFinance (AP): Layoffs, housing data point to chronic problems

Martin Crutsinger and Derek Kravitz, AP Business Writers
Thursday June 23, 2011, 12:28 pm

WASHINGTON (AP) — Sour reports Thursday on the number of people who sought unemployment benefits and buyers of new homes illustrate what Federal Reserve Chairman Ben Bernanke acknowledged Wednesday: Many factors weighing on the economy are proving to be more chronic than first imagined.

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YahooFinance (CNNMoney): New home sales fall in May

Blake Ellis,
Thursday June 23, 2011, 11:19 am EDT

Sales of new homes fell 2.1% in May, after rising for two months in a row, as the housing market continues to struggle.

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Aaron Smith
Thursday June 23, 2011, 12:25 pm

The U.S. Department of Energy said Thursday it will release 30 million barrels of oil from the Strategic Petroleum Reserve to alleviate Libyan supply disruptions — driving already sinking prices lower.

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InlandPolitics: Derry dismissal motion denied

Thursday, June 23, 2011 – 09:30 a.m.
Last Modified: Thursday, June 23, 2011 – 09:39 a.m.

A San Bernardino County Superior Court Judge overruled a demurrer filed by lawyers representing Third District Supervisor Neil Derry on Thursday morning.

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10:00 PM PDT on Wednesday, June 22, 2011

By DARRELL R. SANTSCHI
The Press-Enterprise

The Highland City Council has approved a spending plan that is balanced without layoffs or cuts in service and includes $155 million in planned public improvements over the next five years.

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The Sun: Redistricting lines would split Redlands

Molly Davis, Staff Writer
Posted: 06/22/2011 06:45:35 PM PDT

REDLANDS – Local officials are voicing concern over a plan to divide the city between two congressional districts.

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The Sun: Board to discuss search for SB schools chief

Ryan Carter, Staff Writer
Posted: 06/22/2011 07:10:53 PM PDT

SAN BERNARDINO – The search for someone to fill the gap between outgoing and incoming superintendents of San Bernardino’s public schools will officially begin on Tuesday, as the district’s board holds a special meeting to discuss the issue.

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The Sun: Cuts still pending for Grand Terrace

Budget efforts hit with uncertainty
Ryan Hagen, Staff Writer
Posted: 06/22/2011 06:34:25 PM PDT

GRAND TERRACE – After its second budget-specific meeting in as many weeks, the City Council still isn’t sure what cuts it will have to make to pass a balanced budget at its meeting Tuesday evening.

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DailyBulletin: Montclair seeks permanent solution

Workers will be asked to pay into retirement
Canan Tasci, Staff Writer
Created: 06/22/2011 04:48:14 PM PDT

MONTCLAIR – Public safety and other city employees will be asked to permanently contribute to their pension benefits to help the city deal with a long-term shortfall in its bond payments.

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DailyBulletin: School tax defeated

Fontana voters reject effort to restore funds
Jim Steinberg, Staff Writer
Created: 06/22/2011 06:31:20 PM PDT

FONTANA – Measure E, the parcel tax initiative that would have brought $16 million in additional funding to the Fontana Unified School District, was defeated in a special election Tuesday.

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By Kevin Yamamura
kyamamura@sacbee.com
Published: Thursday, Jun. 23, 2011 – 12:00 am | Page 1A

Gov. Jerry Brown’s budget plan has eight days of shelf life left.

After that, the Democratic governor will have to move on to Plan B, however reluctant he may be.

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By Shane Goldmacher and Evan Halper, Los Angeles Times
June 23, 2011

Reporting from Sacramento — As a high school kid in Illinois, John Chiang ran for student council on a populist platform: ridding the lunchroom jukebox of disco music.

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