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New California Governor’s Spending Plans Will Run Up Against Fiscal Reality

New California Governor’s Spending Plans Will Run Up Against Fiscal RealityGavin Newsom was inaugurated as California’s 40th governor last Monday, taking over a general-fund budget that is flush with cash and a state government that is in remarkably good shape—at least superficially—from a fiscal perspective. For all his flaws, outgoing Gov. Jerry Brown left Newsom with a $15 billion surplus and a rainy day fund that is nearly full. As an added plus, the economy that is humming along even though an erratic stock market points to storm clouds on the horizon. The big question is whether Newsom will heed Brown’s advice and govern as if there’s always a recession around the corner—or ignore the former governor’s warnings about Democratic lawmakers who always say “yes” to any “harebrained” spending scheme. Unfortunately, based on Newsom’s inaugural words, initial budget and many of his early high-level administrative appointments, the safe money is…



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Marex Spectron Metals Financing Deal Triggers Fraud Lawsuit, Insurance Dispute

Marex Spectron Metals Financing Deal Triggers Fraud Lawsuit, Insurance DisputeCommodities broker Marex Spectron was warned by one of its executives about the risk of fraud before it finalized a metals financing deal with French bank Natixis that triggered a $32 million lawsuit by the lender, court documents seen by … ….. Read More.INSURANCE JOURNAL – General | Consumers & ShoppingFri, January 18, 20193 days ago



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New Australian Open balls has tennis fans and commentators in a spin

New Australian Open balls has tennis fans and commentators in a spinTennis fans and commentators are in a spin over the new balls hitting the court at the Australian Open. ….. Read More.DAILY MAIL – Top Sports Stories | Sports & RecreationSun, January 20, 20198 hours ago


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Carlos Ghosn says he will remain in Japan if he is granted bail

Carlos Ghosn says he will remain in Japan if he is granted bailCourt has already rejected one bail request from ex-Nissan boss, saying he is a flight riskCarlos Ghosn has vowed to remain in Japan in the unlikely event he is granted bail, even offering to wear an electronic ankle tag and hire security guards to track his every move as he awaits trial on financial misconduct charges.The former Nissan chairman has been in detention since he was first arrested on 19 November in a case that has rocked Japan’s car industry and cast doubt over the future of the carmaker’s alliance with Renault. Continue reading… ….. Read More.THE GUARDIAN – General | World News & EventsMon, January 21, 20191 hour ago


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