Archive for November 28th, 2011

Bloomberg: Secret Fed Loans Helped Banks Net $13B

$ 7.7 Trillion Loan!


By Bob Ivry, Bradley Keoun and Phil Kuntz – Nov 27, 2011 4:01 PM PT
Bloomberg Markets Magazine

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

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Published: 27 November 2011 09:57 PM

SACRAMENTO – Instead of voting yes or no, members of Inland Southern California’s legislative delegation abstained on hundreds of bills that came before the full Assembly and Senate this year.

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Neil Nisperos and Benjamin Demers, Staff Writers
Posted: 11/27/2011 06:03:44 AM PST

Editor’s note: This is the second of a three-part series looking at the newly redrawn Inland Empire legislative districts for state Senate. Sunday’s installment was Congress; Tuesday will examine the Assembly. Recently redrawn state Senate lines likely won’t see a major shift of power in the Inland Empire from Republicans to Democrats.

Despite being in the minority in Sacramento, GOP senators have enjoyed a majority in the Inland Empire for years and that trend is unlikely to change.

The 14-member California Citizens Redistricting Commission introduced the redrawn maps in July.

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Published: 27 November 2011 07:24 PM

Once again, Inland Rep. Darrell Issa has been placed atop a list of the richest members of Congress.

Issa, R-Vista, whose invention of the Viper car alarm helped him amass a fortune, is worth at least $195 million and possibly more than $700 million, according to a report released this month by the Center for Responsive Politics.

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The Sun: Use of E-Verify program growing

Ryan Hagen, Staff Writer
Posted: 11/27/2011 02:37:13 PM PST

Nearly 1,000 county businesses screen employees’ immigration status with a process called E-Verify, part of a 37-percent surge statewide in the number of employers using the system since 2010.

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Aaron Sandusky, 41, says he turned to medical marijuana after painful gout left him with an addiction to pain killers. His three Inland marijuana dispensaries are closed and he wants his case to go to the Supreme Court/CONTRIBUTED PHOTO


Published: 27 November 2011 06:28 PM

Aaron Sandusky is bloodied but unbowed.

For several years he owned G3 Holistics Inc., a not-for-profit company that ran three Inland medical marijuana dispensaries.

Earlier this month, federal agents raided facilities in Colton, Upland and Moreno Valley, which are now bare and shuttered, and cleaned out his 40,000-square-pot growing warehouse in Ontario.

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Wes Woods II, Staff Writer
Created: 11/27/2011 06:03:42 AM PST

CLAREMONT – Claremont City Council members recently took the first step toward offering Assistant City Manager Tony Ramos a contract as its new city manager despite some community criticism over his bankruptcy issues.

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Dr. Prem Reddy

Lance Williams, Stephen K. Doig,Christina Jewett, California Watch
Monday, November 28, 2011

For three years, a small hospital east of Los Angeles has billed Medicare for the costs of confronting what appears to be a cardiac crisis of unprecedented dimension.

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By Catherine Saillant, Los Angeles Times
November 27, 2011, 10:54 p.m.

It’s business as usual at Santa Ana City Hall as residents trickle up to the counter to pay business fees, pick up a dog license or, in a newer wing next door, apply for a free solar permit.

But on the top floor of the eight-story concrete fortress, city officials in Orange County’s most labor-friendly city are doing the once unthinkable: demanding big benefit concessions from their employee unions.

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Calpensions: Court strengthens public retiree health rights

By Ed Mendel
Monday, November 28, 2011

A state Supreme Court ruling last week could make it more difficult for state and local governments to cut spending on health care for their retired employees, one of the fastest-growing costs.

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Money & Company
Tracking the market and economic trends that shape your finances.
November 27, 2011 | 9:43 pm

Throwing more logs on the Eurozone fire, Moody’s Investors Service said early Monday that the continent’s debt crisis now is “threatening the credit standing of all European sovereigns.”

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