Word: lockyer
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...have pressed the Obama Administration and Congress to act as a co-signer on the state's borrowing. As with AIG, California officials argued, the state is too big to fail. "A fiscal meltdown by California ... would surely destabilize the U.S., if not worldwide financial markets," state treasurer Bill Lockyer wrote U.S. Treasury Secretary Timothy Geithner on May 13. Yet experts say such action by the Federal Government, while not a bailout, could possibly endanger the nation's AAA credit rating. Without short-term assistance, California could plunge deeper into chaos and become a drag on the nation's economic...
...fiscal Armageddon," as Governor Schwarzenegger has referred to the budget crisis; one of his solutions is a sizable tax on booze. "At a time we should be investing for our unmet needs and stimulating the economy, we're going in the other direction," says California state treasurer Bill Lockyer, a Democrat. "Every day, we go deeper in the hole...
...since it appears that whoever sent it was relying on voter lists, there was no way to know whether the recipient was an illegal immigrant or a U.S.-born Latino whose family had lived in California for a century. According to a spokesman for California Attorney General Bill Lockyer, whose office is investigating the matter to see if voter intimidation laws were violated, those who received the letter included "fourth-generation Californians...
...being naive," says Pablo Eisenberg, founder of the National Committee for Responsive Philanthropy. "There is a need to ask big questions, to say, 'Are pieces of the charitable sector still legitimate?'" But few people, even regulators, are willing to saddle nonprofits with a version of Sarbanes-Oxley. California's Lockyer hopes states can help nonprofits develop better management skills rather than simply throw a raft of new rules at them. "The next step ... would be to try to figure out how to provide those [accountability] skills to people who are devoted but don't have a history of management...
After prodding by California attorney general Bill Lockyer, Governor-elect ARNOLD SCHWARZENEGGER said he was launching his own private investigation into allegations that he had "groped" women. Very private. The Governor-to-be said he won't give the attorney general--who voted for him in the recall but last week said the allegations could "stain" the new administration--the results of the probe...