Archive for August 5th, 2013

The PE: MORRELL: No potential 2014 target raised more

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State Assemblyman Mike Morrell

August 4, 2013

Inland Assemblyman Mike Morrell got off to a strong fundraising start in 2013, collecting $268,148 — more than any other incumbent who could be at risk in next year’s election.

To read post by Jim Miller on The Press Enterprise Political Empire Blog, click here.

Dan Walters

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Monday, Aug. 5, 2013 – 12:00 am | Page 3A

California is more heavily invested in the federal Affordable Care Act than any other state because it has, by far, the nation’s largest number of medically uninsured residents and has embraced the law more fully than any other state.

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STOCK SPOTLIGHT

Southern California Edison parent Edison International is overhauling its operations in the wake of the bankruptcy of a subsidiary and the closure of the San Onofre nuclear power plant.

By Catherine Green
August 4, 2013, 7:20 p.m.

Edison International, the parent company of Southern California Edison, has had its hands full with the bankruptcy of a subsidiary and the shutdown of the San Onofre Nuclear Generating Station. Now, it is overhauling its operations.

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Calpensions: Can San Jose cut pensions of current workers?

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By Ed Mendel
Monday, August 5, 2013

After a five-day trial last month, a judge is looking at 13 issues in suits filed by unions and retirees against a San Jose pension reform. The big one is whether pensions earned by current workers can be cut.

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Ontario International Airport

A study finds that with traffic at Ontario airport plummeting, it could reach a point where recovery could be impossible.

By Dan Weikel
August 5, 2013, 12:05 a.m.

A persistent decline in passengers at L.A./Ontario International Airport has become so severe that the once-popular facility could reach a point where recovery would be almost impossible, Inland Empire officials warned Monday in a new report.

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CNBC: Pandemic of pension woes is plaguing the nation

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Economy

Published: Monday, 5 Aug 2013 | 6:00 AM ET
By: John W. Schoen | Economics Reporter

Detroit, you’re not alone.

Across the nation, cities and states are watching Detroit’s largest-ever municipal bankruptcy filing with great trepidation. Years of underfunded retirement promises to public sector workers, which helped lay Detroit low, could plunge them into a similar and terrifying financial hole.

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