Archive for November 17th, 2011

Bloomberg: U.S. Banks Face Contagion Risk on Europe Debt

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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The PE: RIVERSIDE COUNTY: Supervisors finalize jail fee

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.

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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.

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LATimes: Deeper cuts to state budget expected

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.

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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.

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SacBee: CSU approves 9% fee hike amid raucous protests

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.

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LATimes: California Republicans favor Romney, poll finds

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.

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