Archive for November 26th, 2009

SacBee: CalPERS reportedly severing ties with investment adviser BlackRock


By Jim Wasserman
Published: Thursday, Nov. 26, 2009 – 12:00 am | Page 6B

CalPERS, shaken by heavy losses in a New York apartment deal recommended by investment adviser BlackRock Inc., is leaning toward severing ties with the firm, the Wall Street Journal reported Wednesday.

The California Public Employees’ Retirement System declined comment on the report, which was based on an anonymous source. The pension fund giant acknowledged, however, that it is reviewing the performance of all its real estate managers, “given the current economic environment and new leadership in our investment office.”

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Bill Emmerson

10:00 PM PST on Wednesday, November 25, 2009

Sacramento Bureau

SACRAMENTO – Assemblyman Bill Emmerson’s decision to run for a Riverside County state Senate seat already is forcing him to confront a thicket of residency issues.

Emmerson, a longtime Redlands resident, reregistered to vote in Hemet earlier this month. He will continue to represent his San Bernardino County-based Assembly seat, even though Hemet is not in the district.

In addition, Emmerson is leasing the Hemet house from a political donor and longtime friend. The situation means he has to prove the rent is fair-market value to comply with campaign-finance rules.

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SBSun: Penman reveals $5K settlement with FPPC


Andrew Edwards, Staff Writer
Posted: 11/25/2009 03:14:31 PM PST

SAN BERNARDINO – City Attorney James F. Penman said Wednesday that he has agreed to pay a $5,000 settlement to the state’s Fair Political Practices Commission over a free membership he accepted at Arrowhead Country Club.

“I didn’t think I violated the law, but the FPPC feels differently … I have to respect their decisions,” Penman said, emphasizing that his settlement is not an admission of any criminal wrongdoing.

Penman said the commission staffers concluded that he did not report the full value of his honorary club membership in 2005 and 2006.

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James Rufus Koren, Staff Writer
Posted: 11/25/2009 03:01:28 PM PST

Election officials say the campaign to recall Assemblyman Anthony Adams did not gather enough valid signatures to move forward, but recall backers said Wednesday they will go to court if necessary to validate more signatures.

Recall campaign manager Tim Whitacre said honest mistakes led to many signatures from valid, registered voters being flagged as invalid by the San Bernardino County Registrar of Voters. He said county Registrar Kari Verjil’s office didn’t do anything wrong, but that the office followed the letter rather than the spirit of state election law.

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