On State Treasurer Robert Lauten’s website he displays the “Act-Independent Statement” to the G-20 Summit in London, APRIL 2, 2009. This insightful text intends to define the $1.5 Quadrillion derivates bubble, while making common sense recommendations for world leaders. Derivatives played a key role in the Orange County disaster during the Clinton years. Regarding the Orange County meltdown,
SEIU Executive Vice President Eliseo Medina says: “Governor Schwarzenegger’s proposed cuts to home care would add up to 340,000 people to the ranks of the unemployed, moving California’s unemployment rate to 12.8 percent--nearly tied with Michigan for the highest in the nation. This is exactly the opposite of what California needs.” Although these “irresponsible cuts will cost the state over a billion dollars a year in lost federal funds, and untold billions over the long term… worse still is the human toll.
According to the LA Times in 2004 the city had four known storefront dispensaries. Now, police say there are as many as 600 or more… no one really knows. In September 2007, the Medical Marijuana Interim Control Ordinance (temporary moratorium on new medical marijuana dispensaries) became law (
The governor acknowledges “we are in the midst of the greatest economic crisis since the Great Depression,” and that in “the past 18 months one-third of the world's wealth has vanished...We are not Washington. We cannot print money. We cannot run up trillion-dollar deficits.
Attorney General Edmund Brown Jr.
In her year as head of the state Assembly, Karen Bass has discovered that getting lawmakers to cooperate is far tougher than her previous work as a community activist.
Now the powerful post looks like a booby prize, as the state battles its worst budget crisis in history and Bass tries to deflect voter anger with action.
Read the Full Article from the LA Times Here.
SAN FRANCISCO -- Within minutes of Tuesday's announcement by the state Supreme Court ruling that it would uphold Prop. 8 and California's ban on gay marriage, two leading political groups launched a statewide campaign vowing to repeal the controversial ballot measure.
After narrowly dodging a bullet last year when officials feared they'd have to implement health insurance wait lists for the first time, it's no surprise that Healthy Families again is before the budgetary firing squad.
A few days ago, a friend from San Diego called to invite me for a visit - a visit to her dentist. Bubbling over with enthusiasm, she told me I could get my teeth cleaned for less than $20 by going to a reputable dentist just across the border in Mexico.
That data point made the following headline in the May 28 Sacramento Bee not only unsurprising, but redundant:
SACRAMENTO -- Finally bringing to a close a five-year-long investigation, federal prosecutors announced Wednesday that they will not file corruption charges against former state Senate President Don Perata, ostensibly clearing his way for a less politically clouded run for Oakland mayor in 2010.
Acting U.S. Attorney Lawrence G. Brown said late Wednesday morning from Sacramento that the U.S. Attorney's Office and the criminal division of the U.S. Department of Justice completed their review of the investigation Perata and will not file any criminal charges against him.