Archive for November 29th, 2012

Reuters: Exclusive: Calpers triggers legal fight with bankrupt San Bernardino over pension debt

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  • Posted November 29, 2012 at 9:11 am

By Tim Reid and Peter Henderson
LOS ANGELES | Wed Nov 28, 2012 4:31am EST

(Reuters) – America’s biggest public pension moved aggressively against the bankrupt city of San Bernardino, California, on Tuesday night over the city’s decision to halt payments to the fund.

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Filed under: Budget, CalPERS, Cities, Courts, Finance, In the News, Legal, Local Government, Pension Funds, Pensions, San Bernardino, State of California, U.S. Bankruptcy Court

SacBee: Minuteman Tim Donnelly testing waters for a 2014 governor bid

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  • Posted at 9:10 am

Capitol Alert
The latest on California politics and government
By Torey Van Oot
November 28, 2012

A conservative state legislator who is a former member of the anti-illegal immigration Minuteman Project is considering a run for California governor.

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Filed under: Campaigns, Elections, In the News, National Tea Party Movement, Politics, Republicans, State Assembly, State of California

SFChronicle: Federal jobless benefits could vanish

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  • Posted at 9:09 am

Kathleen Pender
Published 10:54 p.m., Wednesday, November 28, 2012

Talk about a hard landing: About 2 million Americans, including 400,000 in California, will abruptly lose their unemployment benefits after December unless Congress votes to continue federal funding for extended benefits.

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Filed under: Budget, Economy, Finance, In the News, Politics, State of California, U.S. Government, U.S. House of Representatives, U.S. Senate

LATimes: ‘Fiscal cliff’ will dampen economic growth, Chapman forecast says

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  • Posted at 8:33 am

By Ricardo Lopez
November 28, 2012, 2:04 p.m.

The threat of the looming “fiscal cliff” is expected to temper economic growth in the U.S., according to a report released by Chapman University economists Wednesday.

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Filed under: Business, Economy, Finance, In the News, U.S. Government