Archive for April 9th, 2017

Los Angeles Times: Nearly $1 billion in side deals by Gov. Brown and Democratic leaders cemented the legislative vote to raise the gas tax

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  • Posted April 9, 2017 at 1:49 pm

Assembly Speaker Anthony Rendon (D-Paramount), left, Gov. Jerry Brown and Senate President Pro Tem Kevin de León (D-Los Angeles) were the forces pushing for a new transportation funding bill. (Gary Coronado / Los Angeles Times)

Patrick McGreevy, Melanie Mason and John Myers
April 9 , 2017

In one of the biggest legislative victories of his storied political career, Gov. Jerry Brown pushed through an ambitious plan last week that will increase gas taxes and vehicle fees to raise $52 billion over the next decade for the repair of California’s system of crumbling roads, highways and bridges.

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Filed under: Democrats, Finance, In the News, Politics, State Assembly, State of California, State Senate, Taxation

The San Francisco Chronicle: Shareholder suit may offer best chance to fix Wells Fargo

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  • Posted at 1:37 pm

By Thomas Lee
Published: April 8, 2017
Updated:   April 9, 2017 – 10:26am

The bills keep piling up for Wells Fargo as it grapples with a scandal where employees signed up customers for millions of accounts they never asked for. There’s $110 million to settle a class-action lawsuit, on top of $185 million in fines to regulators. The company has made amends in other ways, firing CEO John Stumpf, adding two independent directors to the board and slashing executive bonuses.

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Filed under: Banking, Business, Finance