Archive for the ‘ Finance ’ Category

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

Read the rest of this entry »

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!

Edit

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

Riverside-County-Seal

County’s chief financial officer brings up prospect of job cuts during a Board of Supervisors budget workshop.

Published: June 17, 2014 Updated: June 18, 2014 8:35 a.m.

Riverside County may be forced to lay off dozens of workers from its regional hospital and information technology department, the county’s budget chief said this week.

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

National Community Renaissance

By Ryan Hagen, The Sun
Posted: 06/16/14, 10:34 PM PDT | Updated: 1 min ago

SAN BERNARDINO >> The nonprofit group behind the Waterman Gardens Affordable Housing Project will build 75 affordable units at Ninth Street and Valencia Avenue, replacing that number of low-income apartments at Waterman Gardens with ones sold at market rate.

The switch follows a 6-1 vote at Monday’s City Council meeting, with Councilman John Valdivia opposing the plan.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Tuesday, Jun. 17, 2014 – 10:17 pm

The Legislature kept Gov. Jerry Brown’s pet bullet train project alive by allocating $250 million from “cap-and-trade” greenhouse gas fees on business in the new state budget.

Read the rest of this entry »

Calstrs

By Ed Mendel
Wednesday, June 18, 2014

Full funding of the troubled California State Teachers Retirement System was approved by the Legislature last weekend, with most of the additional $5 billion coming from school districts that get no offsetting money from the state.

Read the rest of this entry »

InlandPolitics: Is there a new investor bubble?

question-mark

Tuesday, June 17, 2014 – 11:00 a.m.
Last Modified: Wednesday, June 18, 2014 – 12:30 a.m.

One has to wonder what’s coming down the road for the economy. There’s no debate that the Federal Reserve was responsible for the Internet and real estate bubbles, of the past.

The big question here is how big is the new Federal Reserve-driven stock and real estate bubble?

Read the rest of this entry »

InlandPolitics: This and That!

Edit

Tuesday, June 17, 2014 – 10:00 a.m.

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

Inland Cities budget woes ease

Several Inland Empire cities are facing a less dicier budget picture in their upcoming fiscal years.

Read the rest of this entry »

San Bernardino Seal

Paul Drasil, who retired under attack by former elected officials, was asked back by new mayor.

BY CASSIE MACDUFF / STAFF COLUMNIST
Published: June 16, 2014 Updated: 9:40 p.m.

The return of Interim Fire Chief Paul Drasil shows just how much things have changed in San Bernardino.

To read column by Cassie MacDuff in the Press-Enterprise, click here.

DailyBulletin: Upland approves utility rate hikes

Upland seal

By Liset Marquez, Inland Valley Daily Bulletin
Posted: 06/15/14, 9:12 PM PDT |

UPLAND >> Residents will have to pay more in utility bills starting next month, with increases expected to continue over the next several years.

Read the rest of this entry »

GOP

Melody Gutierrez
Updated 1:39 am, Tuesday, June 17, 2014

(06-16) 18:47 PDT Sacramento — Republican state lawmakers had a lot to say about the state budget, saying it contained “insidious” back-room deals, spent too much and saved too little. But, their opinions were all they had. Their votes weren’t needed.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Monday, Jun. 16, 2014 – 9:45 pm
Last Modified: Tuesday, Jun. 17, 2014 – 7:16 am

The political infighting over the next state budget began Sunday night, just minutes after the Legislature passed one that would spend $156.4 billion – $200 billion-plus when federal funds are included – in the fiscal year that begins July 1.

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LATimes: California Legislature passes $156.4-billion 2014-15 budget

California Flag

Chris Megerian, Melanie Mason
June 15, 2014

The California Legislature approved a $156.4-billion state budget on Sunday, capping a week of intense negotiations over education, social services and environmental policies.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Monday, Jun. 16, 2014 – 12:00 am

The Capitol has a long, sometimes unsavory, history of attaching extraneous matters of uncertain lineage to the state budget at the last minute.

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InlandPolitics: Could San Bernardino use shuttered hotel for homeless?

San Bernardino City Hall

Sunday, June 15, 2014 – 09:30 a.m.

Could bankrupt San Bernardino use the shuttered Maruko Hotel for the homeless?

It’s an interesting question that proves a point.

Read the rest of this entry »

SBCO Seal

Saturday, June 14, 2014 – 07:00 p.m.

The financial picture for San Bernardino County is becoming rosier by the day.

Read the rest of this entry »

IEBusinessDaily: San Bernardino’s Future Rides on Bankruptcy Decision

Inland-Empire-Political-News-Political-Whispers

IE Business Daily

Saturday, June 14, 2014

Elections, Recalls, Charter Amendments, Labor Negotiations, and Pension Reform are all ideas bandied about in the effort to right the financial ship of the City of San Bernardino.

Read the rest of this entry »

Sanbag - Ben Stein

Actor and economist Ben Stein speaks at the fourth annual San Bernardino Associated Governments general assembly at Citizens Business Bank Arena in Ontario Thursday. (Neil Nisperos — staff photograhper)

By Neil Nisperos, Inland Valley Daily Bulletin
Posted: 06/12/14, 10:07 PM PDT | Updated: 49 secs ago

San Bernardino Associated Governments, the county’s transportation planning agency, held its fourth annual general assembly Thursday night at Citizens Business Bank Arena in Ontario to recognize the past year’s accomplishments, tout upcoming projects, and to celebrate a county-wide vision toward improving the well-being of residents.

Read the rest of this entry »

State Capitol

Capitol Alert
The latest on California politics and government
June 13, 2014

Gov. Jerry Brown and legislative leaders made it clear Friday that they have reached an agreement on a new state budget.

Read the rest of this entry »

Los Angeles Clippers

A confidant of Donald Sterling says firms hired by the Clippers owner have dug up “dirt” on other NBA executives.

James Rainey
June 13, 2014

Clippers owner Donald Sterling has hired four firms to dig up embarrassing information about NBA executives and fellow team owners, according to a person familiar with the latest escalation in Sterling’s seven-week battle to maintain control of his team.

Read the rest of this entry »

UCLA Anderson_logo

Chris Kirkham
June 13, 2014

Job growth in much of California has outpaced the national average over the last year, signaling a continued economic rebound for the state in the coming years, according to the quarterly UCLA Anderson Forecast released Thursday.

Read the rest of this entry »

InlandPolitics: San Bernardino: Business just keeps on getting better!

Hotel San Bernardino

Friday, June 13, 2014 – 02:30 p.m.

It just keeps getting better and better for beleaguered San Bernardino, California.

As previously discussed this week. The Hilton Hotel, located in the city’s Hospitality Lane Business District, has been sold and reopened under a new trade name.

Read the rest of this entry »

Taxes

By Jim Miller and David Siders
jmiller@sacbee.com
Published: Thursday, Jun. 12, 2014 – 11:16 pm

Two years after Gov. Jerry Brown first proposed using carbon-reduction revenue to prop up California’s beleaguered high-speed rail project, Brown and legislative leaders reached budget agreements Thursday that include the controversial funding plan, as well as money to pay overtime for in-home supportive services and increase welfare-to-work grants.

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Reuters: California’s revenues fell short in May the first time in six months

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By Robin Respaut
Wed Jun 11, 2014 – 12:30pm EDT

(Reuters) – For the first time in six months, the state of California’s revenues in May fell short, by $389.1 million, or 5.5 percent, of Governor Jerry Brown’s proposed budget.

Read the rest of this entry »

InlandPolitics: Commentary: Little return on invested funds?

red-ink

Wednesday, June 11, 2014 – 10:30 a.m.
Last Modified: Wednesday, June 11, 2014 – 05:00 p.m.

The bad news just keeps piling up for bankrupt San Bernardino, and the surrounding area, these days. A city, and area, that has been the beneficiary of more than $ 1.026 Billion in government projects over the past several years.

That’s right. I did say billion!

Read the rest of this entry »

California Seal

By Jessica Calefati
jcalefati@bayareanewsgroup.com

Posted: 06/10/2014 06:51:33 PM PDT
Updated: 06/10/2014 08:04:40 PM PDT

SACRAMENTO — The knockdown, drag-out partisan fights, stretching on for months, are history. These days, state budget negotiations are downright cordial.

Read the rest of this entry »

CCTimes: House votes to cut off money for high-speed rail

nomoney1

By Josh Richman
Tuesday, June 10th, 2014 at 4:32 pm

Rep. Jeff Denham’s amendment to would cut off federal funding for California’s high-speed rail project was approved by the House on Tuesday.

Read the rest of this entry »

Los Angeles Clippers

Shelly Sterling is expected to argue that her estranged husband Donald Sterling is not competent in matters regarding the sale of the Clippers.

James Rainey, Mike Bresnahan
June 10, 2014

The latest round in the contentious legal wrangling over ownership of the Clippers is scheduled for Wednesday morning, when Shelly Sterling’s attorneys plan to go to court to ask a judge to expedite a hearing validating her takeover of a family trust — an action she used to clear the way for her sale of the NBA franchise.

Read the rest of this entry »

california_state_flag

Jun 10, 2014, 2:07pm PDT
Steven E.F. Brown
Web Editor- San Francisco Business Times

“Where is the growth in sales tax transactions?” asked California Controller John Chiang in his monthly report on the Golden State’s cash balance.

Read the rest of this entry »

SFChronicle: Bump at pump in January to help speed bullet train project

Jerry Brown+High Speed Rail

Phillip Matier And Andrew Ross
Updated 3:02 am, Monday, June 9, 2014

California drivers are going to see a bump at the pump starting Jan. 1 – with a good chunk of the money going to kick-start Gov. Jerry Brown’s struggling high-speed rail project.

Read the rest of this entry »

Los Angeles Register

In the last 10 months, Orange County Register parent Freedom Communications Inc. purchased the Riverside Press-Enterprise and launched two new papers, the Long Beach Register and Los Angeles Register. (Bryan Chan / Los Angeles Times)

Stuart Pfeifer
June 9, 2014

Dozens of veteran journalists have applied for voluntary buyouts at the Orange County Register, and those who haven’t are bracing for layoffs in the latest sign that the daily paper’s expansion is faltering.

Read the rest of this entry »

Student Loan Debt

By MARK LANDLER
JUNE 9, 2014

WASHINGTON — President Obama signed an executive order on Monday intended to lessen the college loan burden on nearly five million younger Americans by capping repayments at 10 percent of the borrowers’ monthly income.

Read the rest of this entry »

InlandPolitics: Will makeover solve SBD airport woes?

SBD International Airport

Monday, June 9, 2014 – 08:30 a.m.

It’s round twenty for San Bernardino International Airport (SBD).

While nearby Ontario International Airport struggles to regain passenger traffic count, officials at SBD are hoping that a new makeover will help the aging and dormant facility re-market itself.

Read the rest of this entry »

Beaumont

City management and staff criticized for engaging ‘in a pattern and practice of deception that transcends the typical give-and-take of dispute negotiation’

Published: June 8, 2014 Updated: 11:09 p.m.

Beaumont’s efforts to build roads on its own, ignoring a regional program its City Council agreed to embrace, appear to have backfired.

And the bill for independence is tens of millions of dollars, a judge has ruled.

To read story by Craig Shultz in the Press-Enterprise, click here.

California Money

By Jim Miller
jmiller@sacbee.com
Published: Monday, Jun. 9, 2014 – 12:00 am
Last Modified: Monday, Jun. 9, 2014 – 6:13 am

With less than a week before the constitutional deadline to pass a budget, the Democrats in control at the California Capitol are at odds on the big questions: how much money the state will take in, how it should be spent, and how major programs should be structured.

Read the rest of this entry »

Gavel-Legal

By Ed Mendel
Monday, June 9, 2014

Stockton filed a revised debt-cutting plan last week that could lead to a deal with a holdout creditor, Franklin bonds, possibly enabling the city to emerge from bankruptcy without cutting pensions.

Read the rest of this entry »

CapitolWeekly: Locals pay tab for open government

Capitol Weekly

By SAMANTHA GALLEGOS
Posted 06.08.2014

State lawmakers and voters agree on one thing: transparency in government.

Local government, that is. State government remains exempt.

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Los Angeles Clippers

Ben Bolch
June 8, 2014

NBA Commissioner Adam Silver said he had “absolute confidence” the sale of the Clippers would be completed by mid-July because the indemnification team co-owner Shelly Sterling agreed to should protect the league from lawsuits brought by her husband, Donald.

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InlandPolitics: Commentary: William “Buck” Johns returns again

Snake Oil

Sunday, June 8, 2014 – 12:30 p.m.

It just never ends!

William “Buck” Johns is back at it again.

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question-mark

Sunday, June 8, 2014 – 12:00 p.m.

Some ominous business activity is raising questions over the actual health of the East San Bernardino Valley business climate.

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