Archive for June 1st, 2011

The Sun: Mistrial declared in bribery case

Joe Nelson and Mike Cruz
Posted: 06/01/2011 02:54:31 PM PDT

A mistrial has been declared in the trial of two Los Angeles-area businessmen accused of bribing a San Bernardino County supervisor’s former chief of staff.

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InlandPolitics Commentary: Now the real correction starts

Wednesday, June 1, 2011 – 01:30 p.m.

We here at have been saying it for months.

The economy isn’t really so hot as the government would like everyone to believe.

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CNBC: Stocks Plunge After Greece Downgrade

The Inevitable!

Published: Wednesday, 1 Jun 2011 | 4:00 PM ET
By: Abby Schultz and JeeYeon Park

Stocks sank more than 2 percent Wednesday, following several economic reports that confirmed a struggling recovery and after Moody’s downgraded Greece’s bond ratings deeper into junk status.

The Dow Jones Industrial Average plunged almost 280 points after ending May nearly 2 percent lower.

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Published: Wednesday, 1 Jun 2011 | 6:26 AM ET
By: Reuters

More than 150 economists back U.S. House of Representatives Speaker John Boehner’s call to match any increase in the debt limit with spending cuts of equal size, according to a letter released by the Republican leader’s office Wednesday.

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Wednesday, June 1, 2011 – 09:45 a.m.
Last Modified: Thursday, June 2, 2011 – 08:09 a.m.

A review of public records from 2007-2009 show alleged bribes, made in the form of political action contributions by Colonies Partners, inexplicably went far and wide.

Not politicians pockets as has been portrayed in the media.

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Wednesday, June 1, 2011 – 08:55 a.m.

San Bernardino County’s pension fund has decided on quality and accuracy in seeking out an economic advisor.

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The Sun: Major cuts looming

James Rufus Koren, Staff Writer
Posted: 05/31/2011 06:38:59 PM PDT

Two key San Bernardino County employee unions won’t accept a package of concessions that county leaders have asked all employees to take, union leaders said Tuesday.

That could spell doom for county chief executive Greg Devereaux’s plan to cut the county budget in large part with employee concessions, forcing the county to cut programs and services, said county spokesman David Wert.

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The PE: SAN BERNARDINO COUNTY: Unions balk at benefits cuts

10:55 PM PDT on Tuesday, May 31, 2011

The Press-Enterprise

San Bernardino County’s request for retirement and health benefits concessions from its two biggest employee groups is facing resistance, leaving county administrators to look at making an additional $30 million in cuts instead.

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Liset Marquez, Staff Writer
Created: 05/31/2011 06:27:29 PM PDT

ONTARIO – A bill by Senate Republican Leader Bob Dutton of Rancho Cucamonga that would create a regional airport authority to oversee operations of LA/Ontario International Airport has been sent to the Assembly.

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The PE: Inland bills meet demise in approps panel

By PE Politics
May 31, 2011 2:17 PM

Legislative appropriations panels claimed dozens of Inland Southern California lawmakers’ bills late last week.

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DailyBulletin: Chino lists challenges ahead

New construction may provide lift
Neil Nisperos, Staff Writer
Created: 05/31/2011 08:40:01 PM PDT

CHINO – After continued operational cutbacks, economic sluggishness and the execution of a year-long centennial celebration, the theme of “Challenges” seemed apt for Tuesday’s State of the City.

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04:02 PM PDT on Tuesday, May 31, 2011

The Press-Enterprise

The number of seniors in Inland Southern California increased by nearly a third during the past decade, putting added pressure on government programs and services for older residents.

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Money & Company
Tracking the market and economic trends that shape your finances.
May 31, 2011 | 4:41 pm

An all-out drive to boost state revenues by taxing all retail Internet sales picked up steam in the Assembly.

On Tuesday, the lower house of the Legislature passed a bill by Assemblyman Charles Calderon (D-Whittier) aimed at closing a legal loophole that allows Inc. and other Internet retailers to avoid collecting California sales taxes on purchases made via computer.

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Money & Company
Tracking the market and economic trends that shape your finances.
May 31, 2011 | 2:30 pm

The California Public Employees’ Retirement System, the country’s largest public pension fund, has named an investment executive to run its $49-billion private equity investment portfolio.

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Published: Wednesday, Jun. 1, 2011 – 12:00 am | Page 3A

Newly inaugurated Gov. Jerry Brown declared in January that he wanted the state budget deficit to be closed within 60 days and laid out his plan to do it. Five months later, he’s still searching for the magic political formula.

Could June be the month when it happens?

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By Phillip Reese
Published: Wednesday, Jun. 1, 2011 – 12:00 am | Page 1A

The $100,000 pension club is growing fast.

Almost 9,000 retirees in the California Public Employees’ Retirement System receive at least $100,000 in annual benefits, more than quadruple the number getting that much during 2005, according to a Bee review of CalPERS data.

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Former Bell City Administrator Robert Rizzo, accused of illegally boosting his pension, sits in court in March. Rizzo was at the center of a scandal in which it was revealed that he and other Bell officials were being paid many times more than their counterparts in other cities. (Irfan Khan / Los Angeles Times / March 9, 2011)

Under the law, elected officials who are convicted of felonies also lose their pensions. That isn’t so with other public employees.
By Hector Becerra, Los Angeles Times
June 1, 2011

When former Vernon City Administrator Bruce Malkenhorst was convicted of misappropriating public funds last week, the gap between two sets of numbers immediately jumped out: The $100,000 in fines and restitution that Malkenhorst was ordered to pay for his crime. And the $500,000 a year state pension that he got after retiring five years ago.

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LATjmes: Study links cellphones to possible cancer risk

By Shari Roan and Ellen Gabler, Los Angeles Times
June 1, 2011

Cellphone users may be at increased risk for two types of rare tumors and should try to reduce their exposure to the energy emitted by the phones, according to a panel of 31 international scientists convened by an agency within the World Health Organization.

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