Archive for March 30th, 2016

The Sun: San Bernardino settlement: Pension obligation bondholders to get 40%

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 03/29/16 – 9:15 PM PDT |

San Bernardino will pay the holders of its pension obligation bonds 40 percent of what they’re owed, reducing the total payments to one of its largest creditors by about $45 million, according to a settlement between the bankrupt city and those creditors.

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Up Arrow

By Hudson Sangree and Hector Amezcua
hsangree@sacbee.com
March 29, 2016 – 6:44 PM

  • Major industries affected would be farming, restaurants and retail
  • Impact could be greater in rural areas where cost of living is lower
  • Farmers who sell produce out of state could have a harder time competing

A landmark plan to raise the state’s minimum wage to $15 by 2022 could create sweeping changes across the industries that rely on low-wage workers and improve the living standards for millions of Californians employed in farm fields, restaurants and retail stores.

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Union Dues

Rebecca Friedrichs, a veteran Orange County public school teacher, sued to challenge the mandatory fees paid to the California Teachers Assn. (Greg Schneider / Associated Press)

David G. Savage
March 29, 2016

A well-planned legal assault on public unions collapsed Tuesday when the Supreme Court deadlocked over a California woman’s lawsuit to strike down mandatory fees, the strongest evidence yet that Justice Antonin Scalia’s death has stymied the court’s conservatives.

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Politico: Trump takes back pledge to support GOP nominee

Politico

By Kyle Cheney
Published: 03/29/16 – 09:48 PM EDT
Updated:   03/29/16 – 10:47 PM EDT

Donald Trump has rescinded his pledge to support the Republican nominee for president.

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