Archive for June 9th, 2015

InlandPolitics: Rapists in the night!

Gas Prices

Tuesday, June 9, 2015 – 09:00 a.m.

Like rapists in the night, oil companies have picked, gouged and fleeced the pockets of California driver’s for the past three and one-half months.

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Wall Street

June 8, 2015 –  01:31 PM EDT
By Bernard Condon
AP Business Writer

NEW YORK (AP) — Those record profits that companies are reporting may not be all they’re cracked up to be.

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Published: June 8, 2015 – Updated: 11:48 a.m.

The district director for Assemblyman Jose Medina, D-Riverside, has declared her candidacy for a neighboring Assembly district.

To read post by Jeff Horseman in The P-E Political Empire Blog, click here.


Capitol Alert
By Jim Miller
June 8, 2015

California’s finances have mostly moved beyond the fund shifts, deferrals, borrowing and other budgeting maneuvers that became common during past fiscal downturns, according to a new study of budget transparency by an organization led by former Fed Chairman Paul Volcker, which warns that the “state’s fiscal culture” could revert if revenue falls.

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Dan Walters

By Dan Walters
June 8, 2015

  • Legislature supports ‘sunshine laws’ for others
  • However, it exempts itself from those laws
  • Mild reform is shelved without vote

California legislators are steadfast champions of transparency in government – until it comes to themselves.

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By Josh Richman, San Jose Mercury News
Posted: 06/08/15 – 7:06 PM PDT |

California drivers can now appear in court to challenge their traffic tickets without paying a fine first, under a new rule adopted unanimously by the state’s Judicial Council on Monday.

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The nation’s largest pension fund is planning to slash the number of Wall Street firms its uses to manage its investments.

By Dean Starkman
June 8, 2015

The California Public Employees’ Retirement System plans to cut in half the number of Wall Street firms it pays to manage its $303 billion fund, an effort to cut down on high fees that drag down returns.

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Business & Real Estate

Teachers’ pension fund was pressured to dump holdings

By Dale Kasler
June 8, 2015

Ending a lengthy effort that had frustrated school teachers, CalSTRS has sold its investment in the firearms manufacturer linked to the 2012 massacre at a Connecticut elementary school.

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