Archive for November 19th, 2015

The Press-Enterprise: SAN BERNARDINO: Layoff notices given at Wells Fargo

wells fargo logo

Workers in asset management and preservation were told their jobs would be eliminated in mid-January.

Published: Nov. 18, 2015 – Updated: 7:31 p.m.

Wells Fargo Bank has warned more than 100 employees in an operating unit of a San Bernardino office of its intention to eliminate their staff positions in January.

To read article by Debra Gruszecki in The Press-Enterprise, click here.

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 11/18/15 – 9:09 PM PST |

SAN BERNARDINO >> Allen Parker’s last day as city manager will be Dec. 31, after the City Council agreed Monday to modify his contract to include a year’s severance pay in exchange for his resignation, according to a source who was in the room for the closed-session vote.

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For years, the California Public Employees’ Retirement System has estimated its investments will earn an average of 7.5% or more a year. Now it plans to slowly reduce that rate to 6.5%.

Melody Petersen
November 18, 2015

The board of California’s largest public pension fund approved a plan Wednesday to lower its estimate of future investment returns — a move that will require taxpayers to pay billions of dollars more than expected over the next decades.

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Capitol Alert
By Jim Miller
November 18, 2015

  • Legislature’s fiscal analyst assumes continuing economic growth
  • Projected revenue through June 2016 about $3.5 billion more than budget projection
  • Gov. Jerry Brown will present proposed 2016-17 spending plan in January

California’s economic engine will continue to hum in the coming years, allowing the state to ring up a series of multibillion-dollar budget surpluses and build rainy-day reserves, the Legislature’s nonpartisan fiscal analyst projected Wednesday.

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The Hill: Trump rises in wake of Paris attacks

The Hill

By Niall Stanage – 11/19/15 06:00 AM EST

Donald Trump has gained political strength since the Paris terrorist attacks last Friday, according to most of the polls released in the aftermath.

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federal reserve

Jim Puzzanghera
November 18, 2015

Most Federal Reserve policymakers believe next month could be the right time to nudge up a key interest rate for the first time in nearly a decade, according to minutes of their last meeting.

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