Archive for June 26th, 2010

SBSun: Federal regulators seize Arrowhead Credit Union

Rebecca U. Cho, Staff Writer
Posted: 06/25/2010 06:45:57 PM PDT

Two quarters of rising profits at Arrowhead Credit Union failed to convince the government to stay away – the San Bernardino-based institution was taken over by federal regulators Friday.

Arrowhead’s “declining financial condition” prompted the seizure, according to a statement released Friday by the National Credit Union Administration. The decision does not affect Arrowhead’s 152,000 members, who will continue to receive uninterrupted service. Member funds are also federally insured up to $250,000 per account, the administration said.

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Lori Consalvo, Staff Writer
Posted: 06/25/2010 05:28:05 PM PDT

David Richard Lewis, executive vice president for the Lewis Group of Companies, was found dead Thursday in his Las Vegas home.

The Upland resident died from a gunshot wound to the chest, according to the Clark County coroner. Officials are ruling it a suicide.

David Lewis was 36 years old.

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DailyBulletin: Montclair approves its 2011-11 budget

Canan Tasci, Staff Writer
Created: 06/25/2010 01:18:58 PM PDT

MONTCLAIR – By incorporating a hoped-for agreement with city employees to take pay cuts, the City Council this week approved its 2010-11 budget.

City employees are being asked to take off 80 furlough hours in the 2010-11 fiscal year as well as pick up a larger share of pension contributions to help balance the city’s budget.

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RivPE: San Bernardino County certifies June 8 results

By PE Politics
on June 25, 2010 11:00 AM

San Bernardino County has certified the results of the June 8 election.

Riverside County has finished counting all of the ballots that were in its possession on Election Day.

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LATimes: Boxer slams Fiorina’s record at Hewlett Packard

Boxer                                    Fiorina

On politics in the Golden State

June 25, 2010 | 7:53 pm

During a visit to a family-owned bakery in Lincoln Heights on Friday, California Sen. Barbara Boxer said it was “bizarre” that her opponent, former Hewlett Packard Co. Chief Executive Carly Fiorina, has argued that her experience dealing with job cuts and outsourcing has prepared her to tackle those issues in Washington.

Fiorina, who laid off some 30,000 workers while she headed HP from 1999 to 2005, told an audience in Beverly Hills earlier this week that her willingness to make difficult choices during her tenure and her knowledge of why many companies are outsourcing jobs would be an asset to voters.

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Carla Marinucci, Drew Joseph, Chronicle Political Writers
San Francisco Chronicle June 25, 2010 05:24 PM

Saturday, June 26, 2010

(06-25) 17:24 PDT OAKLAND — One of the state’s most powerful labor unions, saying it “won’t be pushed around” by Meg Whitman, unveiled a scathing ad campaign Friday seizing on an altercation between the former eBay CEO and one of her employees.

The California Nurses Association said the incident shows how disconnected the GOP gubernatorial nominee is from working people.

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Published: Saturday, Jun. 26, 2010 – 12:00 am | Page 3A

As GOP gubernatorial candidate Meg Whitman mails fliers to nurses criticizing the California Nurses Association, the union held a rally Friday in Oakland hitting back at Whitman and inviting her to a July 15 forum with nurses to be held in her hometown of Atherton.

Friday’s event drew several dozen nurses from around California and also featured an appearance by Queen Meg, a parody of Whitman played by teacher and actress Elaine Burn.

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By David Zahniser and Phil Willon, Los Angeles Times

June 26, 2010

Lawyers for Los Angeles Mayor Antonio Villaraigosa named the Los Angeles Dodgers as the most frequent donor of his free tickets, but they struggled to identify many of the other entities that have let him appear at athletic and cultural events without paying, according to documents released Friday.

The 422 pages of records were assembled as part of Villaraigosa’s effort to show that he was performing official and ceremonial duties while going to concerts, sports events and award shows over the last five years. The mayor says that distinction relieved him from having to report the tickets as gifts under state law.

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LATimes: Steve Lopez: No free pass this time, mayor

Maybe it’s not corrupt, but at the very least, Villaraigosa’s use of free tickets is bad judgment.

June 25, 2010|Steve Lopez

Once upon a time in Los Angeles, we had an aggressively dull mayor who guarded his privacy, seldom emerged from his City Hall bunker, and took his sister with him when he went out on the town. Jim Hahn was so shy a guy, I set up a service to recruit potential dates for him.

In a big shakeup, the city made the switch to Antonio Villaraigosa, who seemed determined to prove that he didn’t need my help.

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