Archive for July 22nd, 2013

InlandPolitics: Redlands advisor leaves securities industry amid fraud allegations


Monday, July 22, 2013 – 10:00 a.m.

A long-time Redlands-based investment advisor, who is at the center of allegations he misappropriated $4.2 million of client funds is leaving the securities business.

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Upland seal

Sandra Emerson, Staff Writer
Posted: 07/21/2013 06:14:19 PM PDT
Updated: 07/21/2013 06:14:27 PM PDT

UPLAND — The City Council will not consider its 2013-14 fiscal year budget during Monday’s council meeting as previously planned.

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SacBee: Dan Walters: Bankruptcy zeroes in on pensions

Dan Walters

Dan Walters

By Dan Walters
Published: Monday, Jul. 22, 2013 – 12:00 am | Page 3A
Last Modified: Monday, Jul. 22, 2013 – 6:22 am

The state constitutions of Michigan and California have almost identical provisions prohibiting what lawyers call “impairment of contract.”

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By Ed Mendel
Monday, July 22, 2013

Bond insurers who walked away from mediation last year before Stockton filed for bankruptcy are at the table this summer. A deal could avoid a precedent-setting legal showdown on whether public pensions can be cut in bankruptcy.

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The Hill

By Alexander Bolton – 07/21/13 02:15 PM ET

President Obama talked earlier this year of a Democratic takeover of the House, but instead his party is now in danger of losing the Senate.

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