Archive for November 27th, 2010

InlandPolitics: Could Investors in bank secondary offerings get burned again?

Saturday, November 27, 2010 – 08:45 a.m.

Looks like those bank recapitalization deals from last year may be about to burn investors again.

After the carnage of the 2008 financial debacle decimated U.S. Bank capital ratios, along came a flurry of secondary stock offerings in 2009.

Offerings made attractive after the U.S. Treasury and Federal Reserve moved to help inflate bank share prices through cheap zero interest loans.

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InlandPolitics: FPPC issues warning to Vogler

Saturday, November 27, 2010 – 07:35 a.m.

The California Fair Political Practices Commission (FPPC) has issued a warning letter to Hesperia politico Al Vogler.

A complaint had previously been filed against Vogler for the placement of a political billboard not containing a proper legal disclaimer identifying the source who funded the sign.

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Saturday, November 27, 2010 – 07:00 a.m.

At this point, San Bernardino County’s trumpeted ‘Sunshine Ordinance’, would appear to be nothing of the sort and this time the public was played for a fool.

The measure as drafted, was to provide for great transparency in county government and easier access to records, really fell flat on its face last week.

The short-lived ordinance hadn’t even been in effect for thirty days.

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The PE: Ontario Airport has fewer passengers in October

09:56 PM PST on Friday, November 26, 2010

Ontario International Airport had 1.2 percent fewer passengers in October compared to a year ago. The impact of Aeromexico’s departure from the airport which offered Ontario’s sole international route to Mexico has been evident in each monthly report with the number of international passengers at the airport dropping 99 percent to a total of just 45 travelers.

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11:36 PM PST on Friday, November 26, 2010

The Press-Enterprise

The next year will be busy for Riverside County Supervisor John Tavaglione.

Voters in June elected Tavaglione to his fifth term on the board, and his peers from across California last week selected him president of the California State Association of Counties.

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Andrew Edwards, Staff Writer
Posted: 11/26/2010 06:56:01 PM PST

SAN BERNARDINO – The question of how best to respond to foreclosures and blight has been at the center of city politics.

Since 2008, Mayor Pat Morris and San Bernardino Economic Development Agency leaders have followed an “Integrated Housing Strategy” to address not only foreclosures but also decaying apartments and a shortage of affordable senior housing.

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Liset Marquez, Staff Writer
Created: 11/26/2010 03:14:55 PM PST

ONTARIO – Councilman Alan Wapner went to bed on Election Night knowing the tally from only 10percent of the votes cast for his office.

And to him, that wasn’t nearly good enough.

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Sandra Emerson, Staff Writer
Created: 11/26/2010 02:42:43 PM PST

UPLAND – The City Council on Monday will consider preventing another medical marijuana cooperative from opening within city limits.

The city denied a business license in June to Route 66 Nursery at 1743 W. Foothill Blvd. license.

The city’s zoning code prohibits cooperatives.

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Wendy Leung, Staff Writer
Created: 11/26/2010 04:45:55 PM PST

RANCHO CUCAMONGA – Among those in the audience at Wednesday night’s swearing-in ceremony of the new City Council will be a blue-eyed toddler and a gregarious 2-year-old who’s an expert at disassembling anything that’s baby-proof.

Addie and her baby sister, Grace – new additions to Mayor Don Kurth’s family – will be there to see their father end a chapter of his political career. The one-term mayor did not seek re-election this year. On Wednesday, Councilman Dennis Michael will be sworn in to lead the City Council.

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LATimes Op-Ed: A California GOP recovery program

Its trouncing in the Nov. 2 election shows that the state’s voters aren’t interested in ‘tea party’ stances; Republicans should pursue a more centrist approach.

By Phil Trounstine and Jerry Roberts
November 26, 2010

In the wake of the disastrous showing by Meg Whitman, Carly Fiorina and the rest of the California Republican Party ticket, the leaders of the Golden State GOP should recalibrate their politics and policies to become relevant once again.

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OCRegister: How state budget got out of whack in 33 days

November 26th, 2010, 11:54 am · posted by BRIAN JOSEPH, Sacramento Correspondent

Lawmakers and the governor enacted the current state budget on Oct. 8, exactly 100 days late (the latest state budget in recorded history). At the time, the budget was balanced, as required under law.

Thirty-three days later, on Nov. 10, the nonpartisan and well-respected Legislative Analyst’s Office announced that the current budget now has a deficit of $6.1 billion (which combined with next year’s projected deficit equals $25.4 billion over 18 months).

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Some would have to cut jobs or go out of business if a proposed moratorium on federal earmarks — money directed to specific projects — is approved.

By W.J. Hennigan, Los Angeles Times
November 26, 2010|7:34 p.m.

Hundreds of Southern California defense contractors may have to cut jobs or go out of business if Congress approves a moratorium on federal earmarks, industry executives warned.

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20 tons of pot seized, eight arrested in San Diego and Tijuana.

By Richard Marosi, Los Angeles Times
November 27, 2010

Reporting from San Diego —

Federal authorities have unearthed another cross-border tunnel in a San Diego warehouse district, the second major tunnel discovery and multi-ton seizure of marijuana believed to be from Mexico’s most powerful drug cartel in a month.

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