Monday, April 27, 2009

LA Daily Blog NEWS HEADLINES (4/27/09)


The Los Angeles Times saw declines in both its daily circulation and its Sunday circulation during the last six months, according to the latest FAS-FAX report from the Audit Bureau of Circulations.

CalPERS moves to beef up disclosure rules for outside marketers

The huge public pension fund may require investment companies that it does business with to disclose fees paid to placement agents.

The leader of the California Public Employees' Retirement System -- the country's largest public pension fund -- on Monday ordered its staff to draft a policy requiring investment companies hired by the fund to disclose fees paid to the firms' outside marketers.

[Perhaps the "SEC" story below and LACERS $7 BILLION Wall Street bamboozle could be the reason?]

L.A. Fire and Police Pensions board members Sean Harrigan and Elliott Broidy are asked for documents regarding at least three firms under scrutiny in connection with a N.Y. pension kickback scandal.

An investigation of alleged pension-fund improprieties that already has entangled New York state officials, a key Obama advisor and a well-connected political consultant has now reached a Los Angeles agency that invests more than $10 billion for retired city firefighters and police officers. More on this story HERE and HERE.

Former Orange County Sheriff Michael S. Carona was sentenced this afternoon to 66 months in federal prison and fined $125,000 in a high-profile corruption case.

Polling indicates voters don't like May 19 measures.

With budget problems afflicting counties across the state, some have begun eliminating healthcare to illegal immigrants. Critics say this will only shift the burden to hospital emergency rooms.

Forced to slash their budgets, some California counties are eliminating non-emergency health services for illegal immigrants -- a move that officials acknowledge could backfire by shifting the financial burden to emergency rooms.

At the annual downtown festival of music and culture, the testaments to Latino economic clout were as plentiful as they were creative. Of importance to many: the 2010 census.

At Sunday's Fiesta Broadway, the annual downtown festival of music and culture, the testaments to Latino economic clout were as plentiful as they were creative. At the Home Depot booth, kids could hammer together wooden toys. State Farm Insurance offered a batting cage. Ocean Spray built a cranberry bog complete with a farmer in hip waders.

via L.A. Daily Blog by zumadogg@gmail.com (zuma dogg) on 4/26/09

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