CALIFORNIA | LOCAL
November 24, 1996
In his rambling critique (Orange County Voices, Nov. 17), Gerald Brown blames City Hall downsizing for Fullerton's allegedly sliding quality of life. Yes, an economic slump and the county bankruptcy have impacted local government, but they have also forced long-overdue reforms. Fullerton has contracted the city attorney's office, for example, saving money and improving legal services. We've contracted the Muckenthaler Cultural Center to its citizen board, giving it real responsibility for operations and fund-raising.
October 21, 2009 |
The municipal bond market has stabilized in recent days after a steep, two-week sell-off. A heavy supply of new bonds for sale nationwide this week will show whether tax-free yields have reached levels high enough to lure investors back. On Tuesday, some large muni bond offerings were scaled back, suggesting that investors remained leery. Cash poured into muni bonds in August and September as many investors rushed to lock in yields, fed up with near-zero returns on money market mutual funds and other short-term accounts.
CALIFORNIA | LOCAL
February 29, 2000
I am voting no on Prop. 26. The proponents of Prop. 26 say that passing Prop. 26 will mean more accountability and more and better classrooms, resulting smarter children. The only thing Prop. 26 will do is lower the bar by which we approve school bond measures from a two-thirds majority to a simple 50% plus one. School districts in California know now that if they want a bond issue to pass, they'd better specify in the measure what the money will be spent on. One last thought. If 26 passes and no bond money can be spent on administration, how is a school district going to pay for the two required audits each year, when they don't have enough money for clean restrooms and classrooms?
February 12, 2005
Of all the L.A. mayoral candidates' proposed solutions to fund additional police, Bernard Parks' idea for improved fiscal and personnel management is the most logical and voter-friendly. To enhance that position with financial aid, a modest surcharge on all city fines and penalties could be implemented to assist mitigation of the law enforcement dilemma. Similarly, to pacify Sheriff Lee Baca, the above suggestion might be instituted countywide. Walt Englert Silver Lake Why do the venues continue to neglect the other viable candidate, Walter Moore?
September 4, 1997 |
The California Public Utilities Commission approved plans by the state's three major investor-owned electric utilities to issue $7.3 billion in bonds to help finance deregulation of the industry. The securities are part of the state's plan to restructure its electricity industry, ending the existing system of regulated monopolies and allowing customers to choose their power supplier starting in January.
January 9, 2011 |
Investors who thought they couldn't lose money in bond mutual funds got a wake-up call last quarter. Rising longer-term interest rates meant lower market values for existing fixed-income securities, triggering widespread declines in bond fund share prices. That produced the first notable losses for many bond investments since the fourth quarter of 2008, when most financial markets were in meltdown mode. But the losses last quarter were heaviest in funds that owned the longest-term bonds and tax-free municipal issues.