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Bill Lockyer news, photos and video - herald-mail.com
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Money & CompanyCalifornia wrapped up a sale of $3.5-billion in tax-free municipal bonds on Thursday, and was able to trim yields slightly from initial expectations as investors bid aggressively for the debt. Still, taxpayers will foot significantly higher interest costs...
Money & CompanyCalifornia, which has borrowed $16.4 billion via short- and long-term bonds since Sept. 23, this week comes back to the well once more despite the jump in market interest rates over the last month. The state plans to borrow $2.25......
Money & CompanyCalifornia has stumbled badly in its latest foray into the municipal bond market -- a sign that investors are overloaded with the state’s debt. Borrowing $1.9 billion Tuesday via bonds that mature in June 2013, the state was forced to......
Money & CompanyCalifornia today pared back its last big tax-free bond sale of 2009, citing legal questions about funding for a prison project. Treasurer Bill Lockyer sold $743 million in lease revenue bonds for the state Public Works Board instead of the......
L.A. NOWWith just two weeks before the Dec. 8 runoff election, accusations are flying between the two candidates vying to replace former Los Angeles City Councilwoman Wendy Greuel in the 2nd District, which stretches from Sherman Oaks and Studio City to......
Money & CompanyThe municipal bond market’s message to California: Enough with the borrowing already! Over the last seven weeks the state has sold more than $21 billion of short- and long-term debt for budget-related reasons and to finance voter-approved infrastructure...
Money & CompanyBesides understanding his own state’s finances, New York Gov. David Paterson apparently has an excellent grasp of California’s fiscal situation. So much so, in fact, that Paterson feels confident speculating publicly about the probability of...
Money & CompanyProgram-management fees for California’s 529 college savings plan, ScholarShare, have been reduced by up to 50%, State Treasurer Bill Lockyer announced today. The national program differs from state to state. In California, participants can set aside...
Money & CompanyBill Watkins, who runs the Center for Economic Research and Forecasting at California Lutheran University in Thousand Oaks, goes out on a limb today: He says the state should start discussing contingency plans with the Obama administration and the...
Money & CompanyA spectacular market crash, a dramatic rebound, a financial system and economy pulled back from the brink of collapse -- who writes this stuff, Hollywood? The most emotionally riveting reality TV of 2009 was what emanated regularly from Wall Street......
Money & CompanyCalifornia’s only remaining A-level credit grade from a major ratings firm is in greater danger as the state’s budget woes deepen yet again. Standard & Poor’s today cut its rating on California’s $64 billion in general-obligation debt to A-minus...
L.A. NOWMore than 89,000 people and businesses who received IOUs last year as California stopped paying its bills during the summer budget crunch still haven’t cashed in on the more than $50 million they are owed. In Los Angeles County, there......
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Jan 14, 2010 | Los Angeles Times
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