Archive for January 16th, 2012

InlandPolitics: GOP field down to five

Former U.S. Ambassador Jon Huntsman endorsed Former Massachusetts Governor Mitt Romney Monday morning.

Monday, January 16, 2012 – 09:45 a.m.

GOP Presidential candidate and former U.S. Ambassador Jon Huntsman officially pulled the plug on his foundering campaign Monday morning.

A campaign that never really left the ground.

Read the rest of this entry »

InlandPolitics: Fugitive in Pomierski bribery case arrested

Sunday, January 5, 2012 – 11:30 p.m.

A federal fugitive tied to the corruption case involving former Upland Mayor John “J.P.” Pomierski was taken into custody Sunday afternoon.

Read the rest of this entry »

BY ALICIA ROBINSON
STAFF WRITER
arobinson@pe.com

Published: 15 January 2012 08:09 PM

Most Inland local governments have determined who will take over the obligations of their redevelopment agencies, but officials said many aspects of what happens next remain unclear.

How and when must they sell property and other assets? Which obligations will be paid? How many redevelopment employees will lose their jobs?

Read the rest of this entry »

The PE: RIVERSIDE COUNTY: Board funds could face scrutiny

BY DUANE W. GANG
STAFF WRITER
dgang@pe.com

Published: 15 January 2012 08:45 PM

Since 2008, Riverside County supervisors have doled out more than $11million to hundreds of community groups, but the funding could be in jeopardy as the county continues to face daunting financial challenges.

Read the rest of this entry »

Joe Nelson, Staff Writer
Posted: 01/15/2012 06:04:05 AM PST

San Bernardino, Highland, Grand Terrace and Loma Linda have began shuttering their redevelopment agencies, prompted by a state Supreme Court decision that is forcing 400 redevelopment agencies statewide to close.

Read the rest of this entry »

Liset Marquez, Staff Writer
Created: 01/15/2012 06:03:48 AM PST

MONTCLAIR – The City Council took its first step in dissolving its redevelopment agency, but officials are worried that the move may cause the city to default on a short-term bond it took out several years ago.

In a special meeting on Thursday, the City Council agreed to oversee the winding down of the Montclair Redevelopment Agency, as well as to transfer the agency’s housing assets and functions to the Montclair Housing Authority.

Read the rest of this entry »

SacBee: Gov. Brown proposes big changes in CalWORKS

By Kevin Yamamura
kyamamura@sacbee.com
Published: Monday, Jan. 16, 2012 – 12:00 am | Page 1A

As unemployed Californians struggle to find work, Gov. Jerry Brown has proposed strict rules for parents on welfare: Get a job in two years or lose nearly half of cash aid along with training and child care.

Read the rest of this entry »

By Ed Mendel
Monday,January 16, 2012

Mitt Romney’s presidential campaign is putting the spotlight on private equity, which public pension funds such as CalPERS and CalSTRS helped flourish and now need for better-than-average earnings.

Romney became wealthy while leading Bain Capital, a private equity firm he said created “tens of thousands of jobs” by buying and then selling troubled or stagnant companies after making them efficient, better managed and able to grow and prosper.

Read the rest of this entry »

LATimes: Voters need facts, not myths

George Skelton

By George Skelton Capitol Journal
January 16, 2012

From Sacramento– Californians are heading into an intense, critical debate over the level of public service they’re willing to pay for. So it’s time to puncture some myths.

Everyone’s entitled to his own opinion, as the late Daniel Patrick Moynihan used to say, but not his own facts.

Read the rest of this entry »

Signs point to Facebook going public in 2012. If Mark Zuckerberg’s social network has a successful IPO, it could mean hundreds of millions of dollars in taxes get pumped into California’s coffers. (David Paul Morris, Bloomberg / September 22, 2011)

By Anthony York, Los Angeles Times
January 15, 2012, 9:42 p.m.

Reporting from Sacramento— The future of California’s public schools, universities and health programs could be linked partly to the fictional town of FarmVille.

The popular virtual world is the creation of Zynga, a San Francisco online game company that raised $1 billion in an initial public stock offering last year. Because California receives much of its income from capital gains taxes, such moves by businesses like Zynga can mean hundreds of millions of dollars for state coffers.

Read the rest of this entry »