By Dakin Campbell – Nov 17, 2011 4:30 AM PT
U.S. banks face a “serious risk” that their creditworthiness will deteriorate if Europe’s debt crisis deepens and spreads beyond the five most-troubled nations, Fitch Ratings said.
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Archive for November 17th, 2011
BY DUANE W. GANG
STAFF WRITER
dgang@pe.com
Published: 16 November 2011 11:21 AM
Anyone convicted of a crime and sentenced to Riverside County jail will soon have to pay for their stays in the lockup.
Riverside County supervisors gave their final approval Tuesday to a measure aimed at recovering the $142.42 per day it costs to keep someone behind bars.
Josh Dulaney Staff Writer
Posted: 11/16/2011 12:46:27 PM PST
SAN BERNARDINO – In a move that has caused the City Council to draft a resolution in opposition, Caltrans has decided to move its South Region Transportation Permits Office to Sacramento, taking around 20 jobs out of the city.
Lower-than-forecast revenue means automatic reductions will likely kick in. A shorter K-12 school year could result.
By Anthony York and Nicholas Riccardi
Los Angeles Times
November 17, 2011
Reporting from Sacramento— Sluggish state revenue is likely to trigger a new round of spending cuts that could mean a shorter school year and millions of dollars slashed from public universities, child care programs and services for the disabled, the Legislative Analyst’s Office says.
Filed under: Budget, Economy, Education, Finance, Healthcare, In the News, Jerry Brown, Social Services, State of California
Information is sought on the mortgage giants’ roles as landlords who own thousands of foreclosed properties in California. Also sought are details of their mortgage-servicing and home-repossession practices, a source says.
By Alejandro Lazo and Jim Puzzanghera, Los Angeles Times
November 16, 2011, 6:27 p.m.
Reporting from L.A. and Washington— Investigators with the California attorney general’s office have subpoenaed information from mortgage titans Fannie Mae and Freddie Mac as part of a wide-ranging inquiry into lending and foreclosure practices in the state.
Filed under: Business, Economy, Finance, In the News, Investments, Law Enforcement, Legal, State of California
Capitol Alert
The latest on California politics and government
November 16, 2011
California State University trustees today approved a 9 percent tuition increase to take effect this fall, university spokeswoman Claudia Keith said, increasing the cost of attending a state college by $498 a year.
Filed under: Budget, California State University, Economy, Education, Finance, In the News, State of California
Republican presidential candidate Mitt Romney poses with servers at MaryAnn’s Diner during a campaign stop in Derry, N.H. (Charles Krupa, AP / June 14, 2011)
By Michael Finnegan, Los Angeles Times
November 16, 2011, 5:40 p.m.
A collapse in support for Texas Gov. Rick Perry has left Mitt Romney as the clear front-runner in California’s Republican presidential primary, but the former Massachusetts governor is still struggling to rally the party’s most conservative voters, a new USC Dornsife/Los Angeles Times poll has found.
Filed under: Campaigns, Elections, In the News, Politics, Polls, Republicans, State of California, U.S. Government