Archive for March 19th, 2012

Monday, March 19, 2012 – 10:00 a.m.

San Bernardino County’s public employee unions, locked in heated collective bargaining battles, continued building their political war chests during the second half of 2011.

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Monday, March 19, 2012 – 09:45 a.m.

Is the San Benardino County Probation Officers Association entering the political fray?

It sure looks that way.

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InlandPolitics: Elections: CD8 a GOP battlefield

Monday, March 19, 2012 – 08:30 a.m.

A plethora of candidates fill the open primary ballot for the 8th Congressional District race this June.

A whopping 13 candidates filed nominating papers by the deadline.

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Neil Nisperos, Staff Writer
Created: 03/18/2012 03:36:06 PM PDT

Related story: Lawmakers react to CalPERS struggles

Local officials say funding for services are expected to take another hit with the California Public Employee’s Retirement System lowering investment return forecasts last week.

CalPERS, the nation’s largest public pension fund, has requested state, local government and school districts increase contribution rates.

Return projections were lowered from 7.75 percent to 7.5 percent.

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By Ed Mendel
Monday, March 19, 2012

Nearly all of the nation’s larger public pension funds, 99 percent, have better investment earnings than CalPERS since the economy began a steep drop five years ago, a Wilshire consultant report said last week.

Now the nation’s largest public pension fund, a former investment leader said to have had a “herding effect” on other pension funds in one academic study, is several years into an attempted overhaul.

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Republican presidential candidate Mitt Romney campaigns in Moline, Ill. Several federal contractors have donated to a “super PAC” that supports him. It’s unclear whether a 36-year-old law barring such contributions is still valid. (Stacey Wescott, Chicago Tribune / March 18, 2012)

By Ian Duncan and Matea Gold, Washington Bureau
March 18, 2012, 7:17 p.m.

Reporting from Washington— A “super PAC” that has spent more than $35 million on behalf of Republican presidential hopeful Mitt Romney has accepted donations from federal contractors despite a 36-year-old ban against such companies making federal political expenditures.

At least five companies with government contracts gave a combined $890,000 to Restore Our Future, the pro-Romney super PAC, a review of federal contracting records and campaign finance data shows.

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