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California finances praised but not upgraded by Moody's
PolitiCalA major Wall Street rating agency said Monday morning that Gov. Jerry Brown's latest budget proposal shows California's finances are on the mend. But the agency, Moody's Investors Service, cautioned that California's progress could easily stall given... -
State legislators seek crackdown on expensive form of school finance
L.A. NOWTwo state legislators are leading an effort to rein in an increasingly popular method of paying for classrooms and other school improvements. So-called capital improvement bonds often carry repayment costs several times higher than the amount borrowed.... -
News of the Weird: Gaza Cosmetics Company Offering Anti-Israel Perfume
Updating “The Smell of Napalm in the Morning”: A cosmetics company in Gaza recently began selling a fragrance dedicated to victory over Israel and named after the signature M-75 missile that Hamas has been firing across the border. “...
Tags: ABC (tv network), Slate.com, Science and Technology, U.S. Department of Homeland Security, Urbana (Champaign, Illinois)
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Toll road state is déjá vu for Laguna
News that the San Joaquin Hills toll road isn't attracting enough motorists to generate the money to pay off its investors came as no surprise to the community of Laguna Beach. The city was the only community through which the toll road runs to never...Tags: Economy, Business and Finance, Transportation, Road Transportation, Finance, Travel
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Cerberus to sell Freedom Group, maker of gun used in Newtown massacre
Private equity firm Cerberus Capital Management is distancing itself from Friday's shooting at a Connecticut elementary school by selling the company that makes one of the weapons purportedly used in the attack. Cerberus said in a statement Tuesday that...
Tags: Firearms, Interior Policy, Shootings, Personal Weapon Control, Weaponry
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California treasurer joins calls to pressure gun makers
PolitiCalIn the wake of Friday's shooting at a Connecticut elementary school, there's a growing push to put more pressure on gun manufacturers. One of those targets is Cerberus, the private equity firm that owns a collection of gun manufacturers called...... -
Apodaca: The debt worry du jour
A media frenzy has erupted over a controversial type of debt financing often used by California school districts, including Newport-Mesa, to pay for construction projects. So-called capital appreciation bonds, or CABs, have become the debt worry du jour,...Tags: Economy, Business and Finance, House Building, Landforms, Mountains, Elections
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Timothy White chosen as Cal State chancellor
PolitiCalTimothy White, the chancellor of UC Riverside since 2008, has been named the new head of the 23-campus California State University system. White takes over for outgoing Chancellor Charles Reed, who announced his resignation earlier this year. He will... -
Your bill for California's debt: $2,559
PolitiCalThe golden rule in state government used to be that if more than 6% of the budget was being consumed by paying back bonds and other debt, there was too much borrowing going on. It’s been some time since California...... -
Following drug arrest, Nadia Lockyer wins right to visit son
L.A. NOWNadia Lockyer, the former Bay Area supervisor and estranged wife of California's state treasurer, will be allowed to visit her 9-year-old following her drug arrest in Orange County last month. An Orange County Superior Court judge granted Lockyer... -
Nadia Lockyer 'recognizes her error' after meth arrest, lawyer says
L.A. NOWFormer Alameda county supervisor Nadia Lockyer is scheduled to be in Orange County court next Monday for a pre-trial hearing after being arrested last week on suspicion on child endangerment and drug use.... -
Treasurer Lockyer's estranged wife arrested on drug charges
PolitiCalA former Bay Area supervisor Nadia Lockyer -- who has struggled publicly with substance-abuse problems that led her to resign earlier this year -- faces criminal charges in Orange County following her arrest on suspicion of possessing and being under........
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