CALIFORNIA | LOCAL
June 17, 2012 |
In the first raid, Orange County sheriff's detectives hit a Dana Point marijuana storefront, the San Clemente home of its director and a "stash house" he allegedly maintained nearby. In the two homes, they found cash stuffed everywhere: in buckets in the garage and attic, in an Igloo cooler in a bedroom, under a mattress, on an ironing board, in a dresser. According to a search warrant affidavit filed in November, they recovered more than $700,000. At the shop, investigators found spreadsheets showing sales over 10 months totaled $3.17 million, according to the affidavit, with $2.47 million "cash on hand.
June 13, 2011 |
After the U.S.-led invasion of Iraq in March 2003, the George W. Bush administration flooded the conquered country with so much cash to pay for reconstruction and other projects in the first year that a new unit of measurement was born. Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills. They sent an initial full planeload of cash, followed by 20 other flights to Iraq by May 2004 in a $12-billion haul that U.S. officials believe to be the biggest international cash airlift of all time.
October 17, 2012 |
Many people think the U.S. Postal Service is supported by tax dollars. It isn't. The nice folk who bring us snail mail are required by law to pay their own way in the world. They were allowed, though, to borrow cash from the U.S. Treasury, up to $15 billion. The Postal Service hit that limit on Sept. 28, the agency says. In other words, they've maxed out their credit card. What that means, barring an infusion of bailout cash from Uncle Sam, is that the Postal Service will have to significantly jack up rates to survive.
March 19, 2012 |
Apple says it will spend some of its nearly $100 billion in ready cash on a quarterly dividend and a three-year stock buyback program. The dividend is probably a good idea -- investors have been thirsting for a bigger taste of the company's success. The stock buyback, not so much. "A quarterly dividend will provide recurrent income to our shareholders, and we also believe it will broaden Apple's investor base by attracting new investors who don't currently own Apple stock," says Apple CEO Tim Cook.
March 1, 2013 |
More men are looking for housing to share, while more women are seeking housemates, according to a nationwide analysis. Some 44% of people trying to put their empty rooms to use at the rental website Easyroommate.com are women, 38% are men and the rest are couples. Quiz: How much do you know about mortgages? “Even though we usually have a significantly higher number of men registered on the site, the number of women looking to cash in on their spare rooms is growing exponentially,” said Sebastiaan Ram, who manages Easyroommate.com.
July 24, 2012 |
WASHINGTON - Republican-aligned “super PACs” are headed into the final months of the 2012 campaign having outpaced super PACs on the left in fundraising by nearly three to one, enjoying a cash advantage that's sure to have Democrats spooked. Even after a costly GOP presidential primary campaign, Republican-aligned super PACs ended June with almost $80 million in the bank - more than Democratic super PACs have raised in the entire campaign cycle, according to an analysis by the nonpartisan Sunlight Foundation.