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Dec 18, 2012

Calpers pits state court vs federal in San Bernardino bankruptcy

SAN FRANCISCO, Dec 18 (Reuters) – The biggest U.S. pension
fund argued in a court filing that its status as a state agency
gave it sweeping powers in the San Bernardino, California
bankruptcy case and that the federal jurisdiction that applies
in bankruptcy should be overridden by the state’s rights.

San Bernardino is emerging as a precedent-setting case in
determining how creditors, including Wall Street bondholders and
retirees, are treated in a municipal bankruptcy.

Dec 10, 2012

Venture capital group’s chief eyes IPO pop in 2013

SAN FRANCISCO (Reuters) – A little stability would go a long way in reviving the pace of initial public offerings, the head of the National Venture Capital Association trade group said on Monday, predicting a good 2013 for U.S. start-up companies and their investors.

The U.S. presidential election, and concerns about tax hikes and other issues known as the fiscal cliff have depressed venture capital recently, NVCA President Mark Heesen said in an interview.

Dec 8, 2012

California gay couples hoped Supreme Court would avoid same-sex marriage case

SAN FRANCISCO (Reuters) – The Supreme Court’s decision on Friday to review California’s same-sex marriage ban disappointed some Golden State gay couples who would have been able to wed if the court refused to hear the case.

If the court had not taken the case, a federal appeals court ruling that had overturned the ban would have been the law of the state, opening the way to same-sex marriages in California and leaving the nation unchanged.

Dec 6, 2012

Oakland deal would avoid court takeover of police force

SAN FRANCISCO (Reuters) – Oakland on Wednesday sought to avert a rare federal court takeover of its police department, striking a proposed deal in a civil rights suit to give a new official sweeping power to force change but leaving day-to-day operations in city hands.

The northern California city, with a history of civil unrest and police violence, in 2003 settled a civil rights case in which police allegedly planted evidence and beat suspects.

Dec 4, 2012

California oyster farm sues U.S. government to keep business

SAN FRANCISCO, Dec 4 (Reuters) – A California oyster farm on
Tuesday sued the federal government, challenging a U.S. Interior
Department decision last week to end its 40-year lease on public
land.

The suit by the Drakes Bay Oyster Company, located on land
an hour north of San Francisco, pits environmentalists eager to
create the first West Coast marine wilderness outside Alaska
against sustainable and local agriculture groups who see the
operation as striking the ideal balance between using and
preserving nature.

Nov 30, 2012

Shuck and awe: California oyster farm loses to environmentalists

INVERNESS, California (Reuters) – In the famously liberal and prosperous enclave of Marin County, California, environmentalists and local food fans usually line up on the same side of any given cause. The oyster, however, has managed to cleave them far apart.

The U.S. government sided with environmental groups on Thursday with its decision to shut down a 40-year-old Northern California oyster farm in an attempt to restore wilderness.

Nov 28, 2012

Exclusive: Calpers triggers legal fight with bankrupt San Bernardino over pension debt

LOS ANGELES (Reuters) – America’s biggest public pension moved aggressively against the bankrupt city of San Bernardino, California, on Tuesday night over the city’s decision to halt payments to the fund.

The move laid bare a high-stakes battle shaping up between Wall Street and state pension funds over how they are treated when cities run out of money.

Nov 28, 2012

EXCLUSIVE: Calpers triggers legal fight with bankrupt San Bernardino over pension debt

LOS ANGELES, Nov 28 (Reuters) – America’s biggest public
pension moved aggressively against the bankrupt city of San
Bernardino, California, on Tuesday night over the city’s
decision to halt payments to the fund.

The move laid bare a high-stakes battle shaping up between
Wall Street and state pension funds over how they are treated
when cities run out of money.

Nov 27, 2012

ACLU sues over policy barring women from ground combat

SAN FRANCISCO (Reuters) – The American Civil Liberties Union sued on Tuesday on behalf of four U.S. servicewomen to challenge a longstanding policy barring women from thousands of ground combat positions, citing the changing nature of warfare and fairness for career soldiers.

The civil rights group argued in a legal complaint filed in federal court in Northern California that a military policy to bar women from combat roles on the basis of gender was unconstitutional.

Nov 18, 2012

Super-rich flight from California? Not so fast

SAN FRANCISCO (Reuters) – Warnings that a new millionaires’ tax would send California’s wealthy stampeding for the state line began before the results were final. But the super-rich may well stand their ground.

“Anyone know a good realtor in Incline Village?” Aaron McLear, the spokesman for California’s anti-tax campaign, tweeted early the morning of November 7 as the votes against his cause streamed in. Nevada’s Incline Village shares mountain Lake Tahoe with California, and has no income tax.

    • About Peter

      "Peter Henderson has worked for Reuters for more than a decade, covering the collapse of the Russian economy in the 1990s, media in Los Angeles and politics in San Francisco. He is West Coast Enterprise Editor, focusing on reporting and editing in-depth stories."
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