Archive for July 30th, 2011

Bloomberg/Businessweek: Why the Debt Crisis Is Even Worse Than You Think

The National Debt Clock on 44th Street in New York just off Times Square on July 26. (Mark Peterson/Redux)

by Peter Coy
Friday, July 29, 2011


If Washington is deadlocked now, how will it deal with the much bigger debt problems that lurk in the decades to come?

Read the rest of this entry »

10:19 PM PDT on Friday, July 29, 2011

The Press-Enterprise

Special Section: San Bernardino Co. Probe

SAN DIEGO – A public corruption case in San Bernardino County is becoming increasingly intertwined with a related lawsuit, and some lawyers in the civil case accused the county counsel’s office of cooperating with one of the felony defendants.

Read the rest of this entry »

By Sandra Emerson Staff Writer
Posted: 07/29/2011 04:37:30 PM PDT

A judge will continue to review a request to delay the San Bernardino County Flood Control District’s lawsuit against three public agencies seeking to recoup part of a $102 million settlement at the center of bribery allegations.

Read the rest of this entry »

10:35 PM PDT on Friday, July 29, 2011

The Press-Enterprise

PDFs: See the contract for John Peukert

PDFs: See the contract for Mel Albiso

In a summer in which the San Bernardino City Unified School District laid off teachers and negotiated pay cuts for other employees, the school board gave two veteran administrators thousands of dollars in new retirement benefits out of fear they would retire — even though board members said the pair never announced plans to do so.

Read the rest of this entry »

The PE: Preliminary maps point to close races in region

10:18 PM PDT on Friday, July 29, 2011

Sacramento Bureau

SACRAMENTO – Inland Southern California voters’ mailboxes, TV sets and newspapers would get a lot more campaign-season action under preliminary political maps approved Friday by the state’s independent redistricting panel.

Read the rest of this entry »

The Sun: Lewis, Baca could face off

By Mediha Fejzagic DiMartino Staff Writer
Posted: 07/29/2011 06:57:10 PM PDT

The Citizens Redistricting Commission on Friday voted to adopt the state’s new political boundaries, sealing its decision to bind the fate of two longtime congressmen.

Read the rest of this entry »

The PE: March ARB wants some company

08:59 PM PDT on Friday, July 29, 2011

The Press-Enterprise

The commander of March Air Reserve Base between Riverside and Moreno Valley was clear: The Air Force doesn’t mind sharing its runway with general aviation flights.

Read the rest of this entry »

By Neil Nisperos Staff Writer
Created: 07/29/2011 10:18:37 PM PDT

The Republican-controlled House approved Speaker John Boehner’s debt limit plan on Friday only to have Senate Democrats scuttle the measure without so much as a debate on its merits.

Boehner’s plan included a requirement for the submission of a constitutional amendment requiring a balanced budget.

Read the rest of this entry »

July 29, 2011 5:50 PM
Don Holland

Brand-new congressional district boundaries sent a shock through the High Desert on Friday as longtime congressmen Jerry Lewis and Howard “Buck” McKeon were “re-districted” out of the Victor Valley, setting the stage for local politicians to jockey for the open congressional seat.

Read the rest of this entry »

SFChronicle: Debt deal could devastate California budget

Carolyn Lochhead, Chronicle Washington Bureau
Saturday, July 30, 2011

Washignton– California gets $79 billion a year from the federal government – nearly 40 percent of what it spends. The money goes to everything from highways to universities. So when the federal government sneezes, California catches a cold.

Read the rest of this entry »

LATimes: California moves presidential primary back to June

On politics in the Golden State
July 29, 2011 | 3:55 pm

California’s next presidential primary will be one of the last in the nation thanks to a measure signed Friday by Gov. Jerry Brown.

Read the rest of this entry »

NYTimes: New Data Shows Sharp Slowdown in Growth Rate

Published: July 29, 2011

WASHINGTON — The economy slowed to a snail’s pace in the first half of 2011, underscoring a growing risk that the recovery itself may hang in the balance with budget and debt decisions in Washington.

Read the rest of this entry »

LATimes: Apple has more cash than the U.S. Treasury

Apple is sitting on a pile of money that’s bigger than the Treasury’s dwindling balance.
By David Sarno, Los Angeles Times
July 29, 2011, 9:10 p.m.

Apple Inc. may not have more money than God. But it’s got more cash than Uncle Sam.

Read the rest of this entry »