Archive for July 26th, 2011

YahooFinance (Reuters): U.S. likely to lose top rating: economists

‘AA’ ?

On Tuesday July 26, 2011, 3:11 pm EDT
By Pedro da Costa and Andy Bruce

WASHINGTON/LONDON (Reuters) – The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy.

Read the rest of this entry »

Tuesday, July 26, 2011 – 01:30 p.m.

Local newspaper circulation continues to dwindle these days and rumors of more job cuts at Los Angeles News Group publications has once again surfaced.

Read the rest of this entry »

10:00 PM PDT on Monday, July 25, 2011

By DUANE W. GANG
The Press-Enterprise

When Colonies Partners first sued San Bernardino County in 2002 over flood-control improvements on its Upland development, they faced a Board of Supervisors unwilling to settle the dispute, recently released grand jury transcripts show.

Read the rest of this entry »

The PE: COLONIES: China trip turning point for Postmus

10:00 PM PDT on Monday, July 25, 2011

By IMRAN GHORI
The Press-Enterprise

In fall 2005, then-San Bernardino County Supervisor Bill Postmus returned from a trip to China a changed man.

Read the rest of this entry »

The PE: Emmerson bill linked to LA stadium fight

Emmerson

Administrator’s Note: Legislator carrying water for Majestic Realty……..

By PE Politics
July 25, 2011 4:39 PM

State Sen. Bill Emmerson’s Riverside County district is a good ways from downtown Los Angeles.

A weekend newspaper story, though, links an Emmerson bill to an effort to undercut a proposed NFL stadium in downtown Los Angeles.

Read the rest of this entry »

Jenkins

10:00 PM PDT on Monday, July 25, 2011

By BRIAN ROKOS
The Press-Enterprise

The San Bernardino police and fire unions contributed $32,763 in cash and services to Robert Jenkins in the final weeks of the City Council Ward 2 campaign, an election that Jenkins won with almost twice as many votes as his nearest challenger.

Read the rest of this entry »

The PE: Inland lawmakers’ bills signed

By PE Politics
July 25, 2011 3:33 PM

Gov. Jerry Brown on Monday signed legislation that would shrink a local water board and make it easier for firefighters to get special driver licenses.

Read the rest of this entry »

The PE: Candidates begin to file for election on Nov. 8

10:00 PM PDT on Monday, July 25, 2011

The Press-Enterprise

Candidates for city councils, school boards and special districts have until 5 p.m. Aug. 12 to file candidacy papers for the Nov. 8 election.

Read the rest of this entry »

Grand Jury papers reveal tensions
Mike Cruz and Sandra Emerson, Staff Writers
Created: 07/25/2011 08:23:19 PM PDT

In San Bernardino County’s 4th District, the chief of staff ran the show, according to Grand Jury testimony released last week.

Read the rest of this entry »

VVDailyPress (AP): Postmus says he leaked info to developer

Postmus

July 25, 2011 2:13 PM
ASSOCIATED PRESS

SAN BERNARDINO (AP) • Former San Bernardino County supervisor Bill Postmus says he leaked confidential information about negotiations to settle a multimillion-dollar lawsuit with a developer.

Read the rest of this entry »

By Jim Sanders
jsanders@sacbee.com
Published: Tuesday, Jul. 26, 2011 – 12:00 am | Page 3A
Last Modified: Tuesday, Jul. 26, 2011 – 12:06 am

An independent California commission has set the stage for what could be the largest shake-up of the state’s political system in decades – and potentially give Democrats a two-thirds majority in both houses of the Legislature.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Tuesday, Jul. 26, 2011 – 12:00 am | Page 3A

California’s evolution into one of the planet’s most economically, culturally and ethnically diverse societies sparks ceaseless political debate, touching everything from illegal immigration to the plight of public education.

Read the rest of this entry »

Capitol Alert
The latest on California politics and government
July 25, 2011

Gov. Jerry Brown signed several dozen bills into law this afternoon, including a measure to allow college students who are undocumented immigrants to qualify for scholarships funded with private donations.

Read the rest of this entry »

By Michael B. Marois – Jul 25, 2011 9:00 PM PT

California will borrow $5 billion today through a temporary loan as U.S. states make plans to cope with any credit-market disruption should lawmakers fail to raise the federal debt ceiling by the Aug. 2 deadline.

Read the rest of this entry »

By James Nash – Jul 25, 2011 9:01 PM PT

Overseers of 10 public pension funds with combined assets topping $1 trillion joined a call for a deal on raising the U.S. debt ceiling, warning that a failure by leaders in Washington would have “devastating” consequences.

Read the rest of this entry »

Politics Blog
Posted By: Carla Marinucci | July 25 2011 at 10:21 AM

California’s 2011 statewide Republican convention has suddenly become a must-see media event — now that Tea Party darling and 2012 GOP presidential candidate Rep. Michele Bachmann has agreed to give the keynote opening address.

Read the rest of this entry »

Money & Company
Tracking the market and economic trends that shape your finances.
July 25, 2011 | 10:49 am

Motorists will likely find little relief at the gasoline pump in the coming weeks. Prices are rising again after consumers experienced only modest decreases in costs in May and June. The average price of a gallon of regular gasoline is far above levels seen last summer, and the gap may not decrease anytime soon.

Read the rest of this entry »