Archive for February 4th, 2012

LATimes: Labor groups blast Brown’s fundraising from the ‘1%’

PolitiCal
On politics in the Golden State
February 3, 2012 | 11:28 am

Gov. Jerry Brown has courted a coalition of business and labor groups to back his November initiative that would raise taxes on sales and upper incomes. Now, some on the left are lashing out at the governor’s plan, and his early donors, reaffirming their intent to place a competing tax measure on the ballot this fall.

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LATimes: State ethics agency gets acting executive director

PolitiCal
On politics in the Golden State
February 3, 2012 | 2:46 pm

A veteran attorney for the state’s political watchdog agency has been named acting executive director, addressing concern by some good-government activists that the position had long been vacant.

John W. Wallace, who has been the state Fair Political Practices Commission’s assistant general counsel, was approved by the panel to serve as its top staffer on an interim basis without any increase in pay.

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February 3rd, 2012, 5:00 am
Posted by Tony Saavedra, Register investigative reporter

The Orange County Employee’s Retirement System ended 2011 with an investment return of 0.74 percent — that’s 7 percent less than projected.

But OCERS officials, though concerned, say it is too early to panic. For one thing, says CEO Steve Delaney, the 20-year average is 7.9 percent on investments, right where the system needs to be.

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