Archive for August 19th, 2012

InlandPolitics: San Bernardino bond investors may come up empty handed

Sunday, August 19, 2012 – 10:00 a.m.

As fears of more California municipal bankruptcy filings continue to slowly climb, there is one group that must be deeply concerned these days.

That group being municipal bond and mutual fund investors.

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Andrew Edwards, Staff Writer
Posted: 08/18/2012 03:27:24 PM PDT

SAN BERNARDINO – A review of state Controller’s Office data shows that as recently as two years ago, executive salaries at City Hall tended to exceed those offered in municipalities of comparable size, some of which are considerably more affluent.

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Point of View
Congressman Joe Baca
Created: 08/18/2012 07:08:35 AM PDT

The genesis of Ontario Airport dates back to 1923, when a landing field was established east of Central Avenue on land leased from the Union Pacific Railroad. Throughout its storied history, the airport has had many shining moments. In 1974, Ontario was the only Inland airport to host the Concorde supersonic aircraft as it made its promotional around-the-world flights in October of that year. In 1998, the airport’s beautiful new terminal complex opened.

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VVDailyPress: Victorville wants LA to buy power plant

City hopes to recover $25M of $76M invested
August 18, 2012 2:35 PM

VICTORVILLE • The city is hoping to recover a third of the $76 million it invested into a failed power venture by letting a private company build the plant and sell it to the Los Angeles Department of Water and Power.

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The union, backed by an army of 325,000 teachers and a war chest as sizable as those of the major political parties, can make or break all sorts of deals.

By Michael J. Mishak, Los Angeles Times
August 18, 2012, 5:00 p.m.

SACRAMENTO — Last year, as Gov. Jerry Brown hammered out final details of the state budget, he huddled around a conference table with three of the most powerful people in state government: the Assembly speaker, the Senate leader — and Joe Nuñez, chief lobbyist for the California Teachers Assn.

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