Archive for August 10th, 2011

WashPost: Dow drops 520 points, wiping out Tuesday’s gains

After the worst sell-off since the financial crisis, traders and passersby react to grim news about the stock markets and the global economy.

By Cezary Podkul, Updated: Wednesday, August 10, 2:33 PM

Wall Street reversed Tuesday’s dramatic rebound and plunged further into the red Wednesday as investor worries over the European debt crisis spilled over into concerns about the health of the global banking system.

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Wednesday, August 10, 2011 – 11:00 a.m.

Is San Manuel Band of Mission Indians Chair James Ramos feeling a little insecure these days?

It sure looks like it.

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InlandPolitics Commentary: S.B. County supervisors tone deaf


Wednesday, August 10, 2011 – 10:30 a.m.

Let them eat cake!

That was the response by three San Bernardino County supervisors during a redistricting meeting on Tuesday.

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Wednesday, August 10, 2011 – 10:15 a.m.

The long-awaited results of a federal investigation into alleged misconduct at San Bernardino County-owned and operated Arrowhead Regional Medical Center is nearing, according a source close to the investigation.

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By PE Politics
August 9, 2011 2:30 PM

Riverside County Supervisor John Tavaglione next week will hold a kick-off fundraiser for his 2012 congressional bid.

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By PE Politics
August 9, 2011 1:59 PM

Gregg Imus, a conservative Republican from Lake Arrowhead, said Tuesday he would run for a proposed congressional seat representing portions of San Bernardino, Inyo and Mono counties.

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The PE: Moving mountains divides board

S.B. County: Supervisors’ favored remapping option puts more of those communities among two districts.
10:00 PM PDT on Tuesday, August 9, 2011
The Press-Enterprise

A divided San Bernardino County Board of Supervisors on Tuesday selected a draft map of new political boundaries that will move more of the San Bernardino Mountains into the 2nd District.

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The Sun: S&P ripples spread

SB County’s investment pool gets downgrade
Andrew Edwards, Staff Writer
Posted: 08/09/2011 09:30:12 PM PDT

Standard & Poor’s followed its downgrade of the U.S. government’s credit rating by downgrading pooled investments of San Bernardino County schools and other agencies.

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The Sun: Ayala calls it quits due to health

Ryan Hagen, Staff Writer
Posted: 08/09/2011 09:33:52 PM PDT

Louise Ayala resigned from the board of the San Bernardino City Unified School District on Tuesday, after a prolonged illness.

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Wendy Leung, Staff Writer
Created: 08/09/2011 09:33:38 PM PDT

RANCHO CUCAMONGA – A new fire station, groundbreaking on a veterans project and the completion of the Pacific Electric Trail are on the city’s horizon. But city officials are hitting pause on a number of projects because the future of California redevelopment agencies are uncertain.

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DailyBulletin: Democrats suggest redistricting changes

Committee urges fixes to proposal
Neil Nisperos, Staff Writer
Created: 08/09/2011 09:32:13 PM PDT

An alternate redistricting map for a large portion of western San Bernardino County, proposed by the local Democratic Central Committee, envisions lines that supporters say would help maintain minority voter clout and retain significant influence on federal funds for the area.

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Governor Jerry Brown

By Shane Goldmacher, Los Angeles Times
August 10, 2011

Reporting from Sacramento — California’s tax revenue plummeted in July, missing expectations by nearly $539 million and raising fears that deep education cuts will be needed to keep the state budget balanced.

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Dan Walters

By Dan Walters
Published: Wednesday, Aug. 10, 2011 – 12:00 am | Page 3A

Jerry Brown was specifically nonspecific when asking voters last year to return him to the governorship – especially when it came to the state’s chronic budget deficit.

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Money & Company
Tracking the market and economic trends that shape your finances.
August 9, 2011 | 12:49 pm

After posting its best annual performance in 14 years, the California Public Employees’ Retirement System is giving back a sizable portion of the 20.7% investment return it reported for the fiscal year that ended June 30. Joe Dear 2

The value of the country’s largest public pension fund was $220 billion at market’s close on Monday, down 7.6% or about $18 billion, CalPERS said Tuesday.

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