Archive for December 20th, 2012

InlandPolitics: What ever is Mr. Winuk inferring?

fppc logo

Thursday, December 20, 2012 – 09:00 a.m.

Another inference directed at past events in San Bernardino County courtesy of a comment coming out of the California Fair Political Practices Commission (FPPC).

The second of its kind.

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By Ed Mendel
Thursday, December 20, 2012

CalPERS accuses San Bernardino of halting payments to the big pension fund in a plan to use bankruptcy to cut pensions owed workers. But the city says it’s simply unable to pay now and wants to work out a way to repay CalPERS over time.

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By Jon Ortiz
Published: Thursday, Dec. 20, 2012 – 12:00 am | Page 3A

We expect government transparency. Wall Street loves the backroom deal.

On ever-shifting ground between them you’ll find public pension funds, unique government organs that pump hundreds of billions of taxpayer dollars into private investments.

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LATimes: California taxes dip in a weak month for revenue

Jerry Brown

On politics in the Golden State
December 19, 2012 | 7:00 am

California tax revenue has slipped further below goals set by Gov. Jerry Brown’s administration, according to a state report released Tuesday.

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WashPost: U.S. to sell off its remaining GM shares


By Zachary A. Goldfarb
Thursday, December 20, 2012

The much-debated bailout of Detroit is finally nearing an end after four years — and it looks like the ultimate cost to taxpayers will be between $10 billion and $20 billion.

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