Tag "John Chiang"

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Secure Choice retirement program up against powerful federal law

An unprecedented state law meant to create 401(k)-style retirement accounts for millions of private-sector workers in California now faces a daunting obstacle to ever being implemented: one of the most powerful federal laws on the books. Under the state law

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Credit industry circles California pot banking

  As Gov. Jerry Brown’s administration turns toward tidying up California’s complex and still-unsettled marijuana laws, the massive market for money made from the plant’s products has begun to attract attention from financial services companies that want to take advantage without

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Will L.A. Mayor Eric Garcetti join crowded 2018 governor’s race?

Los Angeles Mayor Eric Garcetti’s landslide re-election win Tuesday led to inevitable speculation that he would join the crowded 2018 Democratic gubernatorial field. Lt. Gov. Gavin Newsom, with his high profile and access to the deep-pockets of Bay Area and

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Poll: Republican gubernatorial candidates would perform well behind Democrat Newsom

Good news for California Republicans: In a field of nine candidates for the 2018 gubernatorial race, they have two of the top three names, according to a poll released Tuesday. San Diego Mayor Kevin Faulconer and Ashley Swearengin, the termed-out

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CEO out, but heat still building on Wells Fargo

John Stumpf abruptly resigned Wednesday as CEO and chairman of the scandal-torn San Francisco-based banking giant Wells Fargo. But much more fallout is expected over the revelation last month that Wells Fargo had fired 5,300 employees for fraudulently signing up customers

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Wells Fargo punishment spreads from CA

  In the wake of California’s unprecedented punishment of San Francisco-based Wells Fargo for bogus lending practices, legal sanctions spread eastward, with other state officials and Hillary Clinton herself going after the bank. Already, in Washington, members of the House Financial

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CalWatchdog Morning Read – September 29

SoCal school district using loophole to pay board members for meetings they didn’t attend CA suspends investment accounts with Wells Fargo over scandal Rep. Janice Hahn sued by opponent over $324,000 in illegal campaign funds in L.A. supervisors race Gov. Brown vetoes

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Los Angeles County plagued by local corruption

California doesn’t have nearly the reputation of, say, New Jersey or Maryland when it comes to a history of public corruption. Studies that measure corruption with metrics tend to give most corrupt honors to less populated, poorer southern states like

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CA property tax revenue surges despite Prop. 13

Proposition 13 — the 1978 ballot measure setting property taxes at 1 percent of assessed value and limiting annual increases in property taxes to 2 percent for homes and businesses which don’t change owners — is perhaps the most controversial

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CalWatchdog Morning Read – May 18

Treasurer Chiang will run for governor Graduation rates rise Sen. Feinstein seeks compromise, drought relief Death penalty still divides Water agency seeks record fine Good morning! Happy Hump Day.  It’s Twitterficial. Democratic state Treasurer John Chiang is running for governor, he announced

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