By Tracy Rucinski, Reuters Billionaire investors Marc Rowan and David Bonderman are among Caesars Entertainment Corp. directors who must disclose details of their wealth to creditors of the casino holding company’s bankrupt subsidiary, a U.S. judge said last week. Junior creditors of Caesars Entertainment Operating Co Inc. convinced the court on Wednesday to force six […]
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Updated 8:20pm: As of Sunday night the Owens River Fire near Mammoth is estimated to be 6,000 acres and 20 percent contained, according to the U.S. Forest Service. The fire that started Sept. 17 is burning north of the Owens River Road near Clark Canyon, east of Highway 395. It is burning in sagebrush and […]
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By Associated Press MAMMOTH LAKES — Firefighters are battling a wildfire in the Eastern Sierra that has led to the evacuation of a campground and several ranches and private developments near Mammoth Lakes. The U.S. Forest Service says the blaze broke out Saturday about 7 miles north of the ski resort town along Highway 395. It has burned at […]
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By Tracy Bloom and Eric Spillman, KTLA-TV A grim study led by a UCLA geography professor revealed that the current five-year drought in California could last indefinitely, with the resulting arid conditions becoming “the new normal” for the state. The study, which looked at prolonged periods of dryness in California over the past 10,000 years, was […]
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By Kathryn Reed The budget the South Lake Tahoe City Council will be asked to approve on Tuesday has been built with cautious optimism. City Manager Nancy Kerry likes to look at the big picture when putting numbers together. In particular she is paying attention to models that show recessions in the last 50 years […]
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By Nathan Solis, Redding Record Searchlight Biomass facilities across the state banked their future on Gov. Jerry Brown’s signing of Senate Bill 859 on Wednesday, which gives energy providers incentive to consider bioenergy and purchase electricity from those plants. The bill will allow bioenergy plants to stay in business or at least that is the hope. […]
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By Adelaide Chen, Las Vegas Review-Journal Nevada is one of just eight states that saw a slight increase in income inequality from 2014 to 2015, according to Census data that raise questions about the evenness of the state’s economic recovery. The state’s increase in income inequality, as measured by a mathematical formula known as the […]
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By Joseph Serna, Los Angeles Times Already plagued by years of drought and a beetle infestation that has reduced millions of trees to kindling, California is facing yet another crisis as it enters the brunt of wildfire season: a dwindling roster of prison inmates who can battle blazes. The gap is due largely to California’s controversial realignment law, which mandates that […]
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The Placer County Board of Supervisors this week approved a $815.8 million budget for 2016-17. The budget is balanced conservatively as property taxes, the county’s largest revenue source, continues to increase. In addition, sales taxes, transient occupancy taxes charges on lodging and other revenue sources tied to the economy continue to improve. “Regarding the tree mortality […]
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By Kathryn Reed A fiscally sound institution. That’s what Kindred Murillo thought she was walking into. It was just the opposite. It took her four months after coming on board in July 2011 to figure out that Lake Tahoe Community College’s budget wasn’t what it appeared to be. Previous administrators, with the board’s approval, were […]
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