Archive for May 29th, 2012

InlandPolitics: Facebook shares fall below $30

FACEDUMP?

Tuesday, May 29, 2012 – 09:30 a.m.

The shares of social networking giant Facebook fell below $30 Tuesday morning.

A development that can’t be good for general investor confidence.

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Andrew Edwards, Staff Writer
Posted: 05/28/2012 03:51:48 PM PDT

SAN BERNARDINO – City officials are not yet formally negotiating a sales-tax agreement with Amazon as the Internet retailer prepares to open a distribution center here, but the company has broached the subject of tax concessions.

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Calpensions: GASB pension rules: sticker shock less likely

By Ed Mendel
Monday, May 29, 2012

New public pension accounting rules scheduled to be issued next month, once expected by some to reveal massive hidden debt, now seem less likely to trigger a shake-up and are even getting applause from pension officials.

Under the new rules, experts say, most California pension systems will make little if any use of a lower “risk-free” government bond-based earnings forecast, currently about 4 percent, that causes debt to soar.

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