Archive for the ‘ Finance ’ Category

The PE: San Bernardino’s bankruptcy reaches two-year mark, quietly

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 07/31/14, 7:15 PM PDT |

SAN BERNARDINO >> At a certain age, people stop talking about birthdays, and so it is with the quiet second anniversary of the city’s filing for bankruptcy protection.

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Tax Reform

Published: July 31, 2014 Updated: 1:03 p.m.

Coachella could become the third Riverside County city to raise its sales tax rate above 8 percent if residents approve a ballot measure in November.

To read story by Luke Ramseth in the Press-Enterprise, click here.

Bill Lockyer

Lockyer

Allen Young, Staff Writer
Jul 31, 2014, 2:46pm PDT – Updated: Jul 31, 2014, 3:04pm PDT

State Treasurer Bill Lockyer said Thursday he predicted an inevitable political push to extend the 2012 tax hike known as Proposition 30, but he expects the measure will return to voters before it expires in two years.

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LATimes: U.S. economy grows at 4% annual rate in second quarter

Economy

By Jim Puzzanghera, Don Lee
July 30, 2014

The economy’s strong second-quarter growth showed the recovery has regained momentum after a brutal winter and could signal a quicker end to the era of rock-bottom interest rates.

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McClatchyDC: Fed taper continues, on pace to end in October

The facade of the U.S. Federal Reserve building is reflected on wet marble during the early morning hours in Washington

By Kevin G. Hall
McClatchy Washington Bureau
July 30, 2014

WASHINGTON — Citing the improving economy and a firming jobs markets, the Federal Reserve announced Wednesday it was again trimming its monthly purchases of government and mortgage bonds by another $10 billion and is on pace to end the program this year.

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The Sun: Ontario airport, area hotels report some growth in 2014

ontario airport

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 07/27/14, 9:28 PM PDT | Updated: 37 secs ago

Ontario and Rancho Cucamonga hotels near the L.A./Ontario International Airport are reporting occupancy growth this year, as airport officials report some growth in passenger traffic during the first half of 2014.

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The Sun: Inland Empire housing market still in flux

Arrow

By Gregory J. Wilcox, Los Angeles Daily News
Posted: 07/27/14, 6:24 PM PDT | Updated: 1 min ago

It was supposed to be a breakout year for home sales.

But after years of recession that bulldozed the Inland Empire housing market, there are still glitches in the road to recovery.

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question-mark

By Ed Mendel
July 28, 2014

Bankrupt Detroit announced last week that current workers and retirees voted overwhelmingly to cut many pensions by 4.5 percent and to trim or eliminate cost-of-living adjustments.

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Money

By Stephen Ceasar
July 27, 2014

Last year, James Hammond, the superintendent of the Montclair-Ontario Unified School District in the Inland Empire, was paid $492,077. Jonathan Eagan, the principal of a junior high school in the Bay Area city of Martinez made $279,669.

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VVDailyPress: Adelanto citizens critical of utility tax

Adelanto Logo

City manager hopes residents will consider the option

BROOKE SELF
STAFF WRITER
Posted Jul. 26, 2014 @ 6:09 pm
Updated Jul 26, 2014 at 6:13 PM

ADELANTO — Several Adelanto citizens said this week that they would vote against a proposed utility-user tax that would allow the nearly bankrupt city to avoid an impending Chapter 9 filing.

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Home Construction

By Lew Sichelman
July 26, 2014

If your builder is late delivering your new house, don’t be too upset. You are not alone. New home buyers almost everywhere are probably experiencing the same thing.

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DailyBulletin: Ontario-Montclair schools superintendent James Hammond made $492K

Ontario-Montclair School District

By Grace Wong, Inland Valley Daily Bulletin
Posted: 07/25/14, 9:49 PM PDT |

The superintendent of the Ontario-Montclair School District is one of the most highly compensated superintendents in the state of California, according to data on public schools salaries published this week.

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Fuel Gas

The average price for regular gasoline in California fell below $4 a gallon on Friday, according to one gauge.

By Andrew Khouri
July 25, 2014

California gasoline prices are falling, welcome news for motorists amid the summer driving season.

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calpers

By Dale Kasler
dkasler@sacbee.com
Published: Thursday, Jul. 24, 2014 – 8:32 pm

It’s been one of the darkest chapters in CalPERS history, a bribery scandal that prompted a guilty plea from its former chief executive earlier this month.

It’s also been rather profitable.

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DailyBulletin: CSUSB study highlights public perception of Inland Empire economy

California State University - San Bernardino

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 07/22/14, 9:47 PM PDT | Updated: 1 min ago

Upland resident Mirella Lozano has hope.

Despite being unemployed for five years, he’s optimistic about San Bernardino County’s job market.

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Tax Reform

By Paul Rogers
progers@mercurynews.com
Posted: 07/22/2014 07:15:34 PM PDT3 Comments
Updated: 07/22/2014 08:09:01 PM PDT

Major water districts in California are quietly considering using property taxes — and possibly raising them without a vote of the public — to help fund Gov. Jerry Brown’s $25 billion plan to build two massive tunnels through the Sacramento-San Joaquin River Delta.

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Economy

By Bernard Condon
Associated Press
Posted: 07/22/2014 11:58:06 AM PDT0 Comments
Updated: 07/22/2014 04:52:56 PM PDT

NEW YORK — Just as the U.S. economy is strengthening, other countries are threatening to drag it down.

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InlandPolitics: This and That!

Edit

Tuesday, July 22, 2014 – 11:30 a.m.

Here’s some news flowing across the transom this Tuesday morning. In case you missed it!

Appeals court deals blow to Obamacare

The D.C. Circuit Court of Appeals has ruled subsidies paid under The Affordable Care Act in states where no exchanges exist are illegal. Meanwhile, within hours, a Virginia Circuit Court of Appeals ruled exactly the opposite.

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VVDailyPress: Economist sees full recovery in 15 months

John Husing

UNEMPLOYMENT
Region could make up all jobs lost in Great Recession by September 2015
SHEA JOHNSON
STAFF WRITER
Posted Jul. 22, 2014 @ 7:48 am / Updated at 7:53 AM

Even as the region lags behind the state, the economy in San Bernardino and Riverside counties is on track to fully recover all the jobs it lost during the Great Recession by September 2015, noted economist John Husing said Monday.

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InlandPolitics: This and That!

Edit

Monday, July 21, 2014 – 09:30 a.m.

Here’s some news flowing across the transom Monday morning. In case you missed it!

Jerry Brown for President?

We’ll start off with this morning’s humor.

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LATimes: Three NFL teams on a short lease: Might they respond to L.A.’s call?

NFL

By Sam Farmer
July 19, 2014

San Diego Chargers, St. Louis Rams and Oakland Raiders have stadium leases that could make move to L.A. viable

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unemployment

By Kevin Smith, San Gabriel Valley Tribune
Posted: 07/18/14, 6:13 PM PDT | Updated: 49 secs ago

California’s economic recovery hit a milestone last month as the state finally regained all of the jobs it lost in the Great Recession.

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CapitolWeekly: District by district, data tells the tale in California

California

By CONNOR GRUBAUGH
Posted 07.17.2014

While most indicators signal an economic upswing in California, the reality facing many residents of the Golden State is simple: On the ground, the recovery is still sluggish.

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The PE: RIVERSIDE COUNTY: Governor could take up bill to restore cities’ funds

question-mark

But it could still be a struggle to get Gov. Jerry Brown to provide millions of dollars to four cities hammered by the 2011 loss of fee revenue.

Published: July 16, 2014 Updated: July 17, 2014 9:18 a.m.

A bill giving millions of dollars to four fledgling Riverside County cities appears headed for the governor’s desk, but there’s no guarantee it will be signed, the county’s lobbyist told the Board of Supervisors on Tuesday.

To read story by Jeff Horseman in the Press-Enterprise, click here.

marijuana-leaf

By Evan Halper
July 16, 2014

When it comes to liberalizing marijuana policy, Congress has once again shown that it is not always the liberals taking the lead.

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LATimes: NBA chief Adam Silver: Sterlings may still own Clippers at season start

Los Angeles Clippers

By Nathan Fenno
July 15, 2014

NBA Commissioner Adam Silver left open the possibility Tuesday that Donald and Shelly Sterling could still own the Clippers when the new season starts in October.

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LATimes: With Citigroup paying up, will feds’ attention now turn to BofA?

bank-of-america

By E. Scott Reckard and Jim Puzzanghera
July 14, 2014

With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp.

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Apple Hosts Its Worldwide Developers Conference

Apple CEO Tim Cook walks off stage after the keynote at the company’s Worldwide Developer Conference, when it unveiled a new programming language called Swift. (Justin Sullivan/Getty)

By Cade Metz
07.14.14 | 6:30 am

Chris Lattner spent a year and a half creating a new programming language—a new way of designing, building, and running computer software—and he didn’t mention it to anyone, not even his closest friends and colleagues.

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WSJ: For Fed, Raising Rates Won’t Be Easy

federal reserve

The Wall Street Journal
By Justin Lahart
JUly 13, 2014

Any time the Federal Reserve raises interest rates, there is risk to the economy. The next time it does so will be far more fraught than ever before.

The Federal Reserve is hoping it will be able to raise rates without rattling markets. Doing so after injecting so much money into the banking system may not come easily.

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VVDailyPress: SCLA expansion hinges on developing open spaces

SCLA

A worker at Southern California Logistics Airport works on an aircraft engine. (Sarah Alvarado/Daily Press)

SHEA JOHNSON
STAFF WRITER
Posted Jul. 12, 2014 @ 7:09 pm
Updated Jul 12, 2014 at 7:22 PM

VICTORVILLE — Parked airplanes dotted a wide expanse of concrete, nestled in hangars and lined up in rows in areas often mistaken for boneyards. During a recent tour of Southern California Logistics Airport, the massive logistics and industrial park seemed rather quiet while certain corners faded into the abandoned George Air Force Base housing not far away.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Sunday, Jul. 13, 2014 – 12:00 am

Were California a nation, we learned last week, its $2.2 trillion economy could claim eighth place in international economic standings, having bypassed Italy and Russia in the last year.

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LAPD

The Los Angeles police officers union has rejected a proposed one-year contract extension agreement reached with city negotiators and Mayor Eric Garcetti.

Joel Rubin, David Zahniser
July 12, 2014

Signaling frustration over issues surrounding pay and discipline, Los Angeles police officers rejected a proposed one-year contract extension reached with Mayor Eric Garcetti and city negotiators.

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CCTimes (AP): Former CalPERS CEO pleads guilty to bribery, fraud

calpers

By Paul Elias, Associated Press
Posted: 07/11/2014 12:10:10 PM PDT
Updated: 07/11/2014 03:46:48 PM PDT

SAN FRANCISCO — The former head of the nation’s largest pension fund admitted Friday that he took bribes, including hundreds of thousands of dollars stuffed in paper bags and a shoe box, and helped an associate collect millions in a fraudulent investment scheme.

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Louisiana Purchase

The Louisiana Purchase, most fortunate land deal in American history, was to Thomas Jefferson’s critics a case of unconstitutional overreach. ( St. Louis Public Library )

Every big infrastructure project is controversial. Most of them work out better than critics contend early on. But maybe the critics are right about high-speed rail. Let’s hear what they say.

James Fallows
July 11 2014, 4:11 PM ET

Every big peacetime project that any democracy has ever undertaken has generated controversy.

In retrospect, both the Louisiana Purchase of 1803 and the Alaska Purchase of 1867 look like Heaven-sent, near-theft, no-brainer, “where would we possibly be without them?” steps in the development of American scale and might. But each met bitter opposition in its time.

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The Sun: San Bernardino bankruptcy case creeps forward

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 07/10/14, 7:29 PM PDT |

RIVERSIDE >> San Bernardino’s bankruptcy case crept forward Thursday with the setting of deadlines related to the city’s issues with the police and fire unions as officials work to piece together a plan that will take it out of bankruptcy.

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SacBee: California general fund ends fiscal year in black

california_state_flag

By David Siders
dsiders@sacbee.com
Published: Thursday, Jul. 10, 2014 – 4:00 pm

In the latest sign of California’s improving budget outlook, the state general fund ended the fiscal year in the black for the first time since June 2007, according to the state controller’s monthly cash report.

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DailyBulletin: Restaurant development moving forward in Inland Empire

Colonies Crossroads Shopping Center

Restaurant development across the Inland Empire is on the rise as the economy improves. Panera Bread, Pick Up Stix, Chipotle and The Habit are among the new offerings at The Colonies Shopping Center in Upland. (Neil Nisperos — Staff)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 07/09/14, 9:43 PM PDT |

Newer large shopping centers in the region have opened with a slate of new eateries in the past year and more may arrive in the coming months.

The trend indicates a return to normalcy for the regional economy, as restaurant construction and openings had stagnated during the recession and business slowdown.

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The facade of the U.S. Federal Reserve building is reflected on wet marble during the early morning hours in Washington

The facade of the U.S. Federal Reserve building is reflected on wet marble during the early morning hours in Washington, July 31, 2013. (REUTERS/Jonathan Ernst)

By Michael Flaherty and Alistair Bell
WASHINGTON Thu Jul 10, 2014 4:02am EDT

(Reuters) – A surge of Republican pressure is bringing the Federal Reserve’s long-held independence into question again, as conservative lawmakers seek to place the U.S. central bank under tougher scrutiny.

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Ontario International

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 07/08/14, 10:17 PM PDT | Updated: 43 secs ago

ONTARIO >> Following six consecutive years of decline, passenger traffic at LA/Ontario International Airports has apparently stabilized in the early part of 2014.

But members of the Ontario International Airport Authority are reluctant to equate the recent reports as good news for the medium-hub facility.

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The Sun: Investigation of Colton city manager stalls budget

Colton-seal

By Leslie Parrilla, San Bernardino Sun
Posted: 07/07/14, 2:28 PM PDT | Updated: 37 secs ago

COLTON >> An investigation related to the city’s top manager comes at one of the worst times for Colton — budget season.

The situation has prompted a 60-day delay until the police chief, who has been tasked as interim city manager in Stephen Compton’s absence, guides departments, many without directors, into a fiscal plan to keep the city running.

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California Money

By Dale Kasler
dkasler@sacbee.com
Published: Tuesday, Jul. 8, 2014 – 12:00 am
Last Modified: Tuesday, Jul. 8, 2014 – 2:57 am

California’s economy has overtaken Russia and Italy, with the state now ranked as the world’s eighth-largest economy.

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The Sun: San Bernardino Fire Department prepares for cuts

San Bernardino City Fire Department

By Ryan Hagen, The Sun
Posted: 07/06/14, 6:04 PM PDT | Updated: 42 secs ago

SAN BERNARDINO >> Fire Engine 230 roared toward a woman who’d overdosed, keeping lights and sirens on without a chance to return to the station from the crew’s last call.

It was the seventh call for service Thursday for the station at Mill Street and Arrowhead Avenue, with more to come, after a night that included extricating people from a truck after a major crash on the 215 Freeway and a garage fire complicated by power that was re-routed because the house had been turned into a marijuana grow.

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Lobbying

By Ben Baeder, Whittier Daily News
Posted: 07/06/14, 6:03 PM PDT | Updated: 31 mins ago

At an increasing pace, your local government is spending your tax money paying lobbyists to get some more of your own tax money sent back to your community.

Read the rest of this entry »

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 07/03/14, 12:25 PM PDT | Updated: 33 secs ago

ONTARIO >> When the latest passenger traffic figures for L.A./Ontario International Airport were released, a different trend emerged from what the medium-hub facility has experienced in the past three years.

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Calpensions: Brown pension reform still has missing pieces

Pension Reform

By Ed Mendel
Monday, July 7, 2014

A bill that started out as Gov. Brown’s proposal to restructure the CalPERS board emerged from the Legislature last week as a more modest change: a requirement that CalPERS board members receive 24 hours of education in pension fund operations.

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SacBee (AP): Clippers sale hangs in balance as trial begins

Los Angeles Clippers

By TAMI ABDOLLAH
Associated Press
Published: Sunday, Jul. 6, 2014 – 8:32 am
Last Modified: Monday, Jul. 7, 2014 – 12:38 am

LOS ANGELES — With the potentially record-breaking $2 billion sale of the Los Angeles Clippers hanging in the balance, a trial beginning Monday will focus on whether Donald Sterling’s estranged wife had the authority under terms of a family trust to unilaterally negotiate the deal.

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The PE: RIVERSIDE COUNTY: Property values rise significantly

Riverside-County-Seal

The increase of roughly 8 percent is the highest since 2007, thanks in large part to higher home prices and fewer foreclosures

Published: July 5, 2014 Updated: 9:55 p.m.

Boosted by higher home prices and fewer foreclosures, the overall value of property in Riverside County will rise almost 8 percent this year, the largest percentage increase since before the Great Recession.

To read story by Jeff Horseman in the Press-Enterprise, click here.

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Sunday, Jul. 6, 2014 – 12:00 am

From its inception – first as a Spanish colony, later as part of Mexico, briefly as an independent nation and finally as a state – California has been a youthful society.

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Pension Reform

Solutions to filling the void in pension-benefit funding often pit unions against city officials.

By TERI SFORZA / STAFF COLUMNIST
Published: July 5, 2014 Updated: July 6, 2014 8:45 a.m.

So let’s start with the bracing news: Orange County cities have promised their workers more than $3.3 billion in retirement benefits that they do not have.

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Lewis-Group-of-Companies

BY DEBRA GRUSZECKI / STAFF WRITER
Published: July 3, 2014 3:37 p.m.

Woodside Homes, a North Salt Lake City, Utah-based homebuilder with a presence in Inland Southern California, has purchased 291 lots in two master-planned communities in California from the Lewis Group of Companies, the companies announced.

Read the rest of this entry »

Taxes

Posted on Thursday, July 3 at 1:59pm | By Carolyn Lochhead

Sen. Barbara Boxer visited a road-building project Thursday in Monterey County to warn that Congress is about to let the Highway Trust Fund go bankrupt, endangering highway and transit projects in every state.

If you think California highways look Second World now, wait until Congress lets federal funding dry up.

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InlandPolitics: This and That!

Edit

Thursday, July 3, 2014 – 10:15 a.m.

Here’s some news flowing across the transom Thursday morning.

Official unemployment rate falls in June

According to the U.S. Department of Labor, 288,000 jobs were added in June. The number dropped the official unemployment rate (U-3) to 6.1%

Read the rest of this entry »

question-mark

By Ryan Hagen, The Sun
Posted: 07/01/14, 8:07 PM PDT |

SAN BERNARDINO >> Some City Council members are calling for a review of City Manager Allen Parker after he and the finance director were absent during the city’s final budget hearing, leaving them to pass the cuts-filled spending plan with some questions unanswered.

Read the rest of this entry »

Ontario International Airport

Inland Valley Daily Bulletin L.A./Ontario International Airport General Manager Jess Romo says he welcomes the recent passenger traffic figures which seem to indicate the medium hub facility is moving away from years of decline.

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 07/02/14, 9:32 PM PDT |

ONTARIO >> Jess Romo, general manager of LA/Ontario International Airport, says he welcomes the recent passenger traffic figures which reveal that the medium hub facility is moving away from years of decline.

Read the rest of this entry »

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 06/30/14, 9:17 PM PDT | Updated: 30 secs ago

SAN BERNARDINO >> The city passed its budget for the 2014-15 fiscal year Monday night, three hours before the year began.

The 5-2 vote — Councilmen John Valdivia and Benito Barrios opposing — came after warnings on one hand of disastrous effects in bankruptcy court if a full budget wasn’t passed by that deadline, and on the other of dire threats to the city from cuts contained in the budget.

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Capitol Alert
The latest on California politics and government
June 30, 2014

Thanks to high birth and immigration rates over the last several decades, California has one of the nation’s lowest proportions of over-65 residents – but it also has one of its higher elderly growth rates, a new Census Bureau report reveals.

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SacBee: Dan Walters: California courts sought stability, found instability

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Monday, Jun. 30, 2014 – 12:00 am

When the Legislature and then-Gov. Pete Wilson agreed in 1997 that the state would assume the entire cost of financing California’s largest-in-the-nation court system, judges rejoiced.

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The Sun: Fire union accuses San Bernardino of ‘hiding’ money

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 06/28/14, 11:04 PM PDT | Updated: 1 min ago

SAN BERNARDINO >> The fire union continues to accuse the city of keeping $75 million “hidden in misleading or unmarked investment accounts” despite city officials’ position that the money was openly posted and legally can’t be used to prevent cuts to public services like the Fire Department.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Sunday, Jun. 29, 2014 – 12:00 am

Who sees to it that California’s 6 million K-12 students receive solid educations?

Who ensures that California has an adequate supply of reasonably priced electric power?

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Calstrs

Chris Megerian
June 28, 2014

When fifth-grade teacher Maggie Ellis receives her next paycheck at the end of the month, it will be a bit lighter. That’s because she’ll be contributing more money to the teacher pension fund, a small part of a sweeping, long-term plan to repair one of the state’s most difficult financial problems.

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DailyBulletin: Ontario City Council passes budget for 2014-2015

Ontario

By Grace Wong, Inland Valley Daily Bulletin
Posted: 06/26/14, 10:21 PM PDT |

ONTARIO >> The City Council passed a nearly $470.25 million budget for 2014-15, an increase of $7.74 million over the current fiscal year, at a special meeting on Thursday evening.

Read the rest of this entry »

VVDailyPress: Adelanto continues to eye bankruptcy filing

Adelanto Logo

BROOKE SELF
STAFF WRITER
Posted Jun. 26, 2014 @ 7:31 pm
Updated Jun 26, 2014 at 7:38 PM

ADELANTO — Adelanto city officials said dramatic cuts to its general fund mean its $2.61 million deficit will merely increase by $22,000 in 2014-15. However, that still might not be enough to stave off a bankruptcy filing, the city manager said Thursday.

Read the rest of this entry »

Los Angeles Daily Journal

By Bloomberg News
June 26, 2014

Daily Journal Corp., the California publisher that counts billionaire Charles Munger as chairman, dismissed Ernst & Young after the auditor faulted the company’s accounting.

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SacBee: Moody’s raises California’s bond credit rating

Moody's Ratings

Capitol Alert
The latest on California politics and government
June 25, 2014

Moody’s Investors Service, one of the nation’s largest credit rating organizations, upgraded its rating of California’s $86 billion in general obligation debt Wednesday, citing the state’s “rapidly improving financial position.”

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Field Poll

By Christopher Cadelago
ccadelago@sacbee.com
Published: Thursday, Jun. 26, 2014 – 12:00 am
Last Modified: Thursday, Jun. 26, 2014 – 8:28 am

Tracey La Monica lost her job at a nonprofit organization four years ago as the state’s economy sputtered amid the global economic crisis. Although she soon landed employment, La Monica said she believes the slow recovery continues to weigh heavily on California.

Read the rest of this entry »

InlandPolitics: This and That!

Edit

Wednesday, June 25, 2014 – 09:45 a.m.

Here’s some news flowing across the transom Wednesday, in case you missed it.

First-Quarter GDP goes in the tank

First-Quarter Gross Domestic Product (GDP), the output of all goods and services produced, contracted more than first reported.

Read the rest of this entry »

SacBee: Jerry Brown signs teacher pension fund bill

calstrs

Capitol Alert
The latest on California politics and government
June 24, 2014

Gov. Jerry Brown signed legislation Tuesday to begin paying down an estimated shortfall of more than $74 billion in the California State Teachers’ Retirement System, acting on the last of a raft of budget-related bills ahead of the July 1 start of the next fiscal year.

Read the rest of this entry »

Private Equity

By Mark Glover
mglover@sacbee.com
Published: Tuesday, Jun. 24, 2014 – 11:48 am

California led all states in the number of companies with private equity investments in 2013, but it was far behind Texas in total dollars invested, according to the Washington, D.C.-based Private Equity Growth Capital Council.

Read the rest of this entry »

InlandPolitics: This and That!

Edit

Tuesday, June 24, 2014 – 10:00 a.m.

Here’s some news flowing across the transom Tuesday morning, in case you missed it.

U.S. Consumer Confidence Index hits post-recession high

The Consumer Confidence Index hit 85.2 in June, according to the Conference Board.

Read the rest of this entry »

Thumbs Down

By Jeremy B. White
jwhite@sacbee.com
Published: Monday, Jun. 23, 2014 – 9:02 pm
Last Modified: Tuesday, Jun. 24, 2014 – 7:53 am

With the governor’s controversial Delta tunnel project a key part of the debate, lawmakers on Monday failed to advance a leading Senate proposal to put a revised water bond on the November ballot.

Read the rest of this entry »

Los Angeles Clippers

James Rainey
June 23, 2014

Shelly Sterling appeared to have the advantage after an initial hearing in probate court Monday, with a Los Angeles Superior Court judge saying that the terms of a family trust may give Donald Sterling little room to rebut a finding that he is mentally incapable of continuing as co-owner of the Clippers.

Read the rest of this entry »

InlandPolitics: San Bernardino County gets last laugh in union deal

SBCO Seal

Monday, June 23, 2014 – 09:30 a.m.

Hats off to San Bernardino County government for pulling off a masterful victory over its largest union last week.

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Calpensions: San Bernardino cuts deal to pay CalPERS debt

San Bernardino Sealcalpers

By Ed Mendel
Monday, June 23, 2014

Bankrupt San Bernardino announced an agreement with CalPERS last week to pay off an unprecedented pension debt owed for skipping payments to the pension fund for a year — $13.5 million, plus several million more in penalties and interest.

Read the rest of this entry »

LATimes: Gov. Jerry Brown’s prison reforms haven’t lived up to his billing

question-mark1a

Paige St. John
June 21, 2014

Nearly 15 months after launching what he called the “boldest move in criminal justice in decades,” Gov. Jerry Brown declared victory over a prison crisis that had appalled federal judges and stumped governors for two decades.

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DailyBulletin: California sees job gains, dip in unemployment

down-arrow

By Kevin Smith, San Gabriel Valley Tribune
Posted: 06/20/14, 5:42 PM PDT | Updated: 43 mins ago

Job growth dipped sharply in California last month but the state’s unemployment rate hit its lowest level since August 2008.

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Money

Capitol Alert
The latest on California politics and government
June 20, 2014

Gov. Jerry Brown, California lawmakers and other elected officials will be getting a two percent raise this year.

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SacBee: Jerry Brown signs $156.3 billion state budget

California Seal

Capitol Alert
The latest on California politics and government
June 20, 2014

Gov. Jerry Brown signed the state budget Friday, one of the earliest signings in recent history, his office announced.

Read the rest of this entry »

ftb

By Mark Glover
mglover@sacbee.com
Published: Friday, Jun. 20, 2014 – 11:51 am

The state Franchise Tax Board said it is sending letters to more than 45,000 California businesses that have not filed their 2012 state income tax returns.

Read the rest of this entry »

The Inland Empire is projected to be one of the fastest-growing metro areas in the country through 2020, according to a new report. (Katie Falkenberg / Los Angeles Times)

The Inland Empire is projected to be one of the fastest-growing metro areas in the country through 2020, according to a new report. (Katie Falkenberg / Los Angeles Times)

Chris Kirkham
June 20, 2104

The Inland Empire east of Los Angeles is projected to be one of the fastest-growing large metropolitan area economies in the country over the next six years, according to a forecast released Friday at the United States Conference of Mayors.

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The Sun: Economist: Logistics key to Inland Empire economic growth

Economy - What's Next

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 06/19/14, 7:25 PM PDT | Updated: 16 secs ago

Regional economist Christopher Thornberg, a frequent commentator on national television and print media, told a gathering of the local commercial real estate professionals on Thursday that the warehousing and shipment of goods is going to be the major economic engine for the continued growth of the Inland Empire.

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San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 06/19/14, 8:09 PM PDT |

RIVERSIDE >> San Bernardino and police union officials think they’re within a month of an agreement, but the city is so far from progress with the firefighters union that a U.S. bankruptcy judge released that union from mediation Thursday.

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InlandPolitics: This and That!

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Thursday, June 19, 2014 – 11:00 a.m.

Here’s some news flowing across the transom Thursday morning, in case you missed it!

High Desert cities approve budgets

Two High Desert cities have approved balanced budgets, for their 2014-15 fiscal years.

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San Bernardino Seal

By Dale Kasler
dkasler@sacbee.com
Published: Wednesday, Jun. 18, 2014 – 8:55 pm

CalPERS and bankrupt San Bernardino have reached an “interim agreement” that could head off a major legal battle over bankruptcy debts and the ironclad status of public pensions, the city reported.

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taxes

Transportation
By Ashley Halsey III June 18 at 2:33 PM

A bipartisan Senate proposal emerged Wednesday to rescue beleaguered federal transportation funding by raising the tax on gasoline by 12 cents a gallon.

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InlandPolitics: This and That!

Edit

Wednesday, June 18, 2014 – 10:30 a.m.

Here’s some news flowing across the transom Wednesday morning, in case you missed it!

U.S. revenues hit all-time record, still running deficit

The amount of money the U.S. Government took in, through the month of May, has hit a new record of $1.93 trillion.

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