Archive for August 29th, 2010

FinancialTimes: Investors braced for week of key data

By Robin Harding in Jackson Hole and Helen Thomas in New York

Published: August 29 2010 19:57 | Last updated: August 29 2010 19:57

Investors are braced for a week of crucial economic data that could decide the Federal Reserve’s next move after chairman Ben Bernanke said it would ease policy if the outlook deteriorated “significantly”.

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PE: City to review ethics code

RIVERSIDE: Some residents want rule changes after revelations of some questionable conduct.

11:21 PM PDT on Saturday, August 28, 2010

The Press-Enterprise

The political turmoil that has roiled Riverside for much of 2010 has some residents calling for a stronger city ethics code.

In the six years since voters made the code part of the city charter, a total of nine ethics complaints have been filed. Four of them were filed in the past year.

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SBSun: $98 million bond urged

Rialto Unified schools
Repairs due, officials say
Josh Dulaney, Staff Writer
Posted: 08/28/2010 07:33:56 AM PDT

RIALTO – Temperatures hitting the 100-degree mark greeted students returning to physical education classes last week inside Eisenhower High School’s gym.

And those usually start by 10:30 a.m.

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SBSun: Illegal voting feared

Latino drive stirs concerns
James Rufus Koren, Staff Writer
Posted: 08/28/2010 09:32:36 PM PDT

As Latino leaders and the Catholic Church ramp up efforts to register more Latino voters, immigration activists and some conservatives say they are afraid such efforts are aimed at getting illegal immigrants to vote.

While it appears some loopholes could allow illegal immigrants to vote, there’s little evidence of illegal immigrants voting, and those behind the registration efforts say they have no need to reach out to illegal immigrants. San Bernardino County, they say, has so many legal Latino citizens who don’t vote that just reaching out to them is enough.

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SacBee: Absent California lawmakers still take the money

***Editor’s Note: Assembly Member Wilmer Amina Carter (D-Rialto) doesn’t come off well in this story as the #2 offender. Carter was absent 23 sessions for medical reasons and never once waived accepting her per diem.


By Jim Sanders
Published: Sunday, Aug. 29, 2010 – 12:00 am | Page 1A

California legislators collected tens of thousands of dollars in taxpayer-funded per diem payments for floor sessions they did not attend this year, records show.

Failing to show up for work typically did not hurt lawmakers’ pocketbooks: Only about one of every four absences included the loss of the tax-free $142 per day in living expenses.

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SFChronicle: Boxer rehearses for debate with Fiorina

Joe Garofoli, Chronicle Staff Writer
San Francisco Chronicle
Sunday, August 29, 2010

As she fired up volunteers who were going door to door in search of votes Saturday in Oakland, Democratic Sen. Barbara Boxer previewed the tack she may take against Republican Carly Fiorina in their first U.S. Senate debate Wednesday at St. Mary’s College in Moraga.

And it has something to do with her hair.

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SFChronicle: Attorney general hopefuls zero in on gifts

Marisa Lagos, Chronicle Sacramento Bureau
San Francisco Chronicle
Sunday, August 29, 2010

(08-29) 04:00 PDT Sacramento – —

The campaign for state attorney general is heating up as the candidates – prosecutors from opposite ends of the state and political aisle – launch scathing attacks on one another over their character and integrity.

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By Dan Walters The Sacramento Bee
Published: Sunday, Aug. 29, 2010 – 12:00 am | Page 3A

Gov. Arnold Schwarzenegger summoned the four legislative leaders to his office the other day for a “Big Five” meeting on the long-stalled state budget, the first such meeting in more than two months.

Did that signal that the stalemate over how to close the budget’s whopping deficit is beginning to crack?

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OCRegister: Todd Spitzer says district attorney fired him

Published: Aug. 28, 2010
Updated: 9:18 p.m.


Todd Spitzer, who aspires to be Orange County’s next top prosecutor and was viewed as the likely successor of District Attorney Tony Rackauckas, said he was fired from the law-enforcement agency.

Susan Kang Schroeder, chief of staff for Rackauckas, had confirmed earlier Saturday that Spitzer was no longer an assistant district attorney. “We are legally prohibited from commenting on the separation of Todd Spitzer’s employment status due to confidentiality laws,” she said.

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Before a vast crowd on the National Mall, the media commentator and Sarah Palin stress religious themes but hit political notes too. The Rev. Al Sharpton follows with a smaller counter-rally.

Organizers said the rally drew 500,000 people to the National Mall. Though there was no independent confirmation of the estimate, the crowd was densely packed and stretched for blocks, approximating events that have been estimated at 200,000 or more. (Jacquelyn Martin, Associated Press / August 27, 2010)

By Michael A. Memoli and Kim Geiger, Tribune Washington Bureau

August 29, 2010

Reporting from Washington —
Conservative radio and television commentator Glenn Beck urged thousands of supporters gathered Saturday on the National Mall to renew their faith both in God and in the nation because the country faces a choice of whether to “advance or perish.”

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FoxNews: Analyst: Citigroup Is Cooking the Books

By Charlie Gasparino

Published August 25, 2010

An all-out war has broken out between Citigroup CEO Vikram Pandit and a prominent securities analyst who is saying that the big bank may be cooking the books by inflating its earnings through an accounting gimmick, FOX Business Network has learned.

The analyst, Mike Mayo, of the securities firm CLSA, has been telling investors that Citigroup (C: 3.75 ,0.00 ,0.00%) should take a writedown, or a loss on some $50 billion of “deferred-tax assets,” or DTAs. That is a tax credit the firm has on its financial statement that Mayo says is inflating profits at the big bank by as much as $10 billion.

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