Two people have died from various fires in California, near the city of Los Angeles, authorities reported. More than 1,000 firefighters are working to contain the flames by land and air, as Californians face dangerous fires. The most dangerous was out of control during the early hours of October 11 throughout northern Los Angeles, with tens of thousands of people forced to leave their homes. At the moment the origin of the flames is unknown.
A visiting UK Art Critic, Professor Knestor Jackdaws, takes a tour of some of LA’s outdoor municipal artwork and contrasts two prominent examples. One makes the cut, and the other… mutts the cake? You get the idea…
Professor Jackdaws, who some say fits the classic mold of the English Eccentric, is nonetheless renowned as a world-class art critic who has posted dozens of videos on YouTube, lending his opinion to, and considerable acumen on, historic and contemporary works of art in settings all around the globe.
“I’m ready to sign this damn thing.” That’s what California Governor Gavin Newsom told a crowd gathered at a ceremony Monday in Sacramento. In so doing, California adopted one of the toughest laws in the country governing the use of force by police officers. The change, from “objectively reasonable” to “necessary,” amends a standard in California policing dating to 1872, which has often been used to justify officer-involved shootings, and frustrated community activists. Newsom also said he hopes the law, which will take effect in January, becomes a model for other states. “As California goes, so goes the rest of the United States of America.”
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Now that Quentin Tarantino’s latest flick, “Once Upon A Time… In Hollywood” is shocking (and awing) millions of devoted fans, gossip columns are bursting with recaps of the Sharon Tate murders by members of the infamous Manson Family during the long, hot “Summer of Love” in August, 1969. There are even guided tours to the murder scene, despite the fact that the house where the ghastly acts were committed was razed and rebuilt years ago.
A brutal series of stabbings and robberies in Southern California left at least four people dead and two seriously wounded on Wednesday afternoon, authorities said. The blood-curdling incident occurred in southeast Los Angeles. According to police, robbery, anger and hatred seem to be the motivations of the suspect, who stole in several places and attacked people randomly.
A US federal judge dismissed a lawsuit filed by the Democratic National Committee which accused the Russian government, President Trump’s campaign and WikiLeaks of working together to influence the 2016 US election. District Judge John Koeltl in Manhattan dismissed the DNC’s lawsuit with prejudice arguing their claim that top officials in Trump’s campaign conspired with the Russian government to influence the 2016 election was presented without merit.
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Matt Drudge gave a speech before the National Press Club in Washington, D.C. in 1998. He was already deemed an internet leader in both news and aggregated news distribution. His Drudge Report challenged the ethos of the newspaper society, which was just the beginning of dynamic revolutionary change in the news world order. The Drudge Report made friends, added enemies, created new futures and helped forced everyone in the industry to change many times over in order just to stay relevant.
On Thursday, a judge voided a search warrant used by the San Francisco Police Department to monitor a journalist’s phone. The warrant was then used to gather information in advance of a controversial raid on the apartment and news operation of Bryan Carmody, who published a leaked police report and refused to divulge its source. Meanwhile, more details are emerging down under on a similar raid on Australia’s public broadcaster. In a troubling time worldwide for press freedoms, this week provided much-needed good news, and a dose of disinfecting daylight.
This week, Durig Capital provides a brief update on 99 Cents Only Stores LLC, a deep discount retailer whose bonds we have reviewed in the past for our Fixed Income 2 (FX2) High Yield Managed Income Portfolio. 99 Cents Only Stores has recently been challenged by its outstanding debt obligations. Here are some of the highlights:
Deep discount retailer 99 Cents Only Stores recently completed an arrangement with creditors which would eliminate many of their short term debt obligations.
Debt to equity swaps are a common method companies use to improve liquidity.
Under the newly agreed upon terms, 99 Cents Only Stores will issue common and preferred stock for some of its outstanding debt.
Recent Financial Statements
The big prize for Democrats is California and many people thought Sen. Kamala Harris would be favored, especially after her strong debate performance. If not Harris, than possibly former Vice President Joe Biden or even Sen. Bernie Sanders who had good showing in the 2016 primary election, in the State of California. However, the latest poll had Sen. Elizabeth Warren in first place, Harris in second by only a very thin margin, with Biden now down to third. If Harris can’t secure her home state in the Primary, her chances of success are thin.
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Democratic socialist Alexandria Ocasio-Cortez (AOC) shocked the political establishment when she was elected to the House of Representatives without any major political experience to speak of. Since her election Ocasio-Cortez has championed some of the most liberal and progressive policies ever to be discussed in the halls of the U.S. Congress.
Is President Donald Trump’s new policy with Mexico working? Or is the seasonal drop in migration due to the weather?
First, if you take the May to June average for the last five years of Southern Border illegal migration and end prior to this year or 2018, the average seasonal drop is 9%. Without a doubt, there seems to be something real going on because it just dropped around 300% more than the average season decline.
This rarely happens: Apple has improved one of its MacBooks while lowering its price. Another was upgraded by an omission, and a third was removed from the offer.
The so-called back-to-school season is just beginning in the USA. The term refers to the time at the end of summer vacation, when students cover themselves with new material for the coming school year or semester. US corporations always accompany these times with special discounts – and sometimes with new products. Apple launches its back-to-school program this year with updates for its most affordable MacBooks.
California is one procedural hurdle away from adopting one of the strictest laws in the country regarding police use of force. After clearing the state senate 34-3 on Monday, Assembly Bill 392 heads to Gov. Gavin Newsom’s desk. Under the bill, the standard by which use of deadly force by police officers is justified will be elevated from when officers think it is “reasonable” to only when it is “necessary.” The bill was the reflection of a year’s worth of hard-fought compromise between civil rights organizations and police unions. Several police associations remain opposed.
The Golden State of California has a beautiful yellow hue throughout unfarmed land that is caused by the extreme amount of sunlight without water. With 300 days of sunshine in many places throughout California, landscapes have turned from beautiful sun beaten land to concerning fire fuels.
Tragic fires that decimated northern and southern California communities in the last few years have commanded utilities to look out with absolute resolve for the safety of their customers, thus prompting radical change.
Democratic presidential candidate, and four-term Congressman, Eric Swalwell (D-CA), announced the end of his brief campaign on Monday. The 38 year-old, who called on former Vice President Joe Biden to “pass the torch” during his lone debate performance, never came close to grabbing it, or any traction in the race. Swalwell becomes the first Democratic candidate— “major” or otherwise— to drop out. There are several others, polling at 1% or less, who should probably stop wasting their time and follow suit.
Can politicians be arrested?”
The answer is yes, absolutely. Or, the federal government can issue a “Writ of Quo Warranto” and remove the politician from office.
A “Writ of Quo Warranto” is a notice of demand, issued by a demandant to a respondent claiming a delegated power and filed with a court of competent jurisdiction, to hold a hearing within 3 to 20 days (depending on the distance of the respondent to the court) to present proof insufficient, or if the court to hold the hearing, the respondent must cease to exercise the power. If the power is to hold an office, he/she must vacate the office.
Is California discriminating?
How do you value someone? One way is to give them more than others. How do you say you don’t value someone? You give them less than others, or better yet charge them for the same services you’re giving away to others.
For American citizens the single largest benefit in the Untied States is healthcare. California Governor Gavin Newsom (D) has supported a bill that, if approved by the Democratic super majority, will soon provide undocumented immigrants access to free Medi-Cal, the State’s low-income healthcare insurance program.
A gaggle of presidential hopefuls gathered in suddenly-relevant California this weekend for their first big audition. The better-than-bakers’ dozen served as headliners in San Francisco for the California Democratic Party’s state convention. A crowd of 5,000 delegates heard the pitches and policies, and may be the best look yet at what the national party’s base of activists and partisan primary voters are looking for from their presidential standard-bearer next year.
This week, Durig Capital takes a look at a unique oil and gas producer. California Resources Corporation (CRC) produces oil, natural gas and natural gas liquids (NGL) strictly within the state of California. Most people know that California is one of the largest states (physically) in the U.S. But most probably don’t know that it represents the world’s 5th largest economy. Against this backdrop, CRC produces oil, natural gas and NGLs and sells all of it in the state of California. This looks to be a great situation for CRC – a local buyer for all of its product and a huge appetite for more. CRC, a spinoff of Occidental Petroleum in 2014, has spent the past few years recovering from the oil doldrums of 2016 and it looks to be on the upswing. Some of the highlights from its most recent quarterly results in bullet points above.
- If PG&E is found legally responsible for some or all of the costs connected to the 2017 and 2018 Northern California wildfires, its liability could exceed $30 billion, according to the company’s filing with the Securities and Exchange Commission on Monday. And that figure does not include potential punitive damages, fines and penalties or damages related to future claims.
- Numerous reports indicate PG&E is in negotiations with lenders about debt restructuring. “They’re going to try to get people to accept less than what is owed,” In its statement announcing the likely bankruptcy filing, PG&E said it expected the process to “support the orderly, fair and expeditious resolution of its potential liabilities resulting from the 2017 and 2018 Northern California wildfires.” On Monday morning, a set of barricades appeared outside PG&E’s headquarters building in San Francisco, though no sign of protesters was evident.
- Vanguard held $227.9 million of PG&E debt in its $5.6 billion California Municipal Money Market fund as of Dec. 31, according to data compiled by Bloomberg. It held another $110 million of PG&E’s debt in its California intermediate and long-term funds and $94.5 million in its $18.3 billion national money market fund. USAA was the second-biggest holder of PG&E municipal debt with $86.6 million, while American Century Companies Inc. was the third-biggest, according to data compiled by Bloomberg.
- Shares of PG&E Corp. plummeted 55% in premarket trade Monday, that is after the stock has plunged 63% over the past three months through Friday.
- California Governor Gavin Newsom responded to the announcement, saying: “While PG&E announced its intent to file bankruptcy today, the company should continue to honor promises made to energy suppliers and to our community. Throughout the months ahead, I will be working with the Legislature and all stakeholders on a solution that ensures consumers have access to safe, affordable and reliable service, fire victims are treated fairly, and California can continue to make progress toward our climate goals.”
- Volunteers are searching for the remains of victims of the devastating Northern California wildfire before rains that are forecast for this week complicate their efforts. Nearly 1,300 names are on a list of people who are unaccounted for more than a week after the fire began.
- Rain is expected Tuesday night and could help firefighters. Additional rounds of rain are expected in northern California, near the devastating Camp Fire, Thursday and Friday.
- President Donald Trump promised “substantial” funds in the wake of the horrific fires that have swept the state. Governor Jerry Brown called Trump’s pledge a “big, big win” for his state. Brown said, “that he’s got our back. And I thought that was a very positive thing.“
- HOW IT HAPPENED: Before there was a spark, there was the wind. At 6:15 a.m., a Pacific Gas & Electric Co. high-voltage line near the Poe Dam generating station six miles away malfunctioned. A report of fire came at 6:29.
- Among the dead were Carl Wiley, a 77-year-old veteran from Alaska who lived in Butte County for decades and refurbished tires. Also lost, 48-year-old Jesus Fernandez, or Zeus, as he was known to his friends, who died in the Camp fire along with his German Shepard. Here are some of the stories of the lives lost to the Camp and Woolsey fires.
- PREVIOUSLY: California’s Deadliest Wildfires: 48 Dead so far; 7,535 structures lost
There is a clear relationship between the Pittsburgh Massacre in the Synagogue on the Sabbath and the California tragedies in the nightclub and the fires in Northern California. They have all killed human beings in similar numbers.
See My Previous Post: On The Pittsburgh Massacre
The California Massacre in the nightclub which happened a week after the event in Pittsburgh was done also by a madman. In the nightclub was primarily American students. If you will examine the names of those killed in the Pittsburgh massacre you will see that all of those killed were above the age of fifty. There were very few young people in the Synagogue for the services. The same is true in America that attendance of young people in Churches has fallen off rapidly. Religions like Judaism and Christian faith need these young people. Many of the young Jewish people in Pittsburgh after the murder were very happy that they didn’t attend the services as if to say it was a good thing not to be there.
California, with its many natural beauties and iconic urban attractions, has long been a popular tourist destination for visitors from around the world. The non-profit group Visit California reports that in 2017, tourism in California brought in $132 billion in gross revenue to the state, supporting more that 1.1 million jobs and producing over $10 billion in state and local tax revenue. But in 2018, California has introduced something new that could have tourists spending even more in the Golden State: adult-use cannabis.
Adult-use cannabis is available to any individual 21 year or older in California, and the potential for revenue from cannabis has not escaped the attention of the tourism industry. According to research by Arcview Market Research and BDS Anayltics on the legal cannabis market, California is projected to see $3.1 billion in annual revenue from adult-use cannabis in 2018, and $7.6 billion by 2022.
Recently, Singer-songwriter Exzavier Whitley has been working on exclusive Youtube lyric and music video content for his upcoming two acoustic albums “Oppressed”and “Page 1” behind the scenes. Also, we’ve seen that Exzavier has been doing more live appearances and performances in Los Angeles and Long Beach as well in this great time in 2018! He has two upcoming shows in Long Beach, California one of them consisting of the infamous Royal Cup Cafe where Exzavier Whitley’s performance of his upcoming and recently recorded song “I Still Stand” was recorded. It has been viewed over 1000 times on host Tieoma Goss’ Facebook page! More live content, shows, appearances, photos, videos, and songs from Exzavier Whitley are coming in hot! Be on the lookout!