Tuesday, May 16, 2006

The state’s teachers and schools chief Jack O’Connell have settled their lawsuit against Gov. Arnold Schwarzenegger and, as a result, billions of dollars in school funding O’Connell and the teachers claimed the governor misappropriated during the state’s fiscal crisis will be returned to the schools.

“The restoration of funding to California school districts is very positive news,” New Haven schools Superintendent Pat Jaurequi told the James Logan Courier.

“This is a day for celebration in schools throughout California. When this lawsuit was filed, I promised that I would fight up and down the state until the funding owed to our schools was restored,” O’Connell, the state superintendent of Public Instruction, said in a statement last week. “I also promised I would give the Governor credit for doing the right thing if he restored this critical funding. Today, I want to thank Governor Schwarzenegger for working with the education community to invest wisely in our schools — the best investment we can make in California’s future.”

“This is a good thing for our schools and community colleges throughout California,” said Barbara E. Kerr, president of the California Teachers Association, one of the parties to the lawsuit. “Having all the money owed to our schools under Proposition 98 and the governor’s agreement of 2004 restored to our students is the news we’ve been waiting for.

In a statement regarding the settlement, Schwarzenegger said, “I am pleased to announce a resolution that will put the dispute regarding Proposition 98 funding behind us and allow us to invest an additional $3 billion in schools in a way that best helps our students.”

Proposition 98 is an amendment to the state Constitution, passed in 1988, that established a minimum funding level or guarantee for K-12 education and community colleges. O’Connell and the California Teachers Association sued Schwarzenegger and the director for the California Department of Finance last summer after when they diverted billions of dollars earmarked for the schools under Prop. 98 to overcome budget deficits that were crippling California, violating an agreement made with educators the previous year.

The agreement restores funding Proposition 98 funding that was due, but not provided in the 2004-05 and 2005-06 fiscal years. The Governor’s May Budget Revision will include $2 billion and language that provides an additional $3 billion to be paid in installments between fiscal year 2006-07 and fiscal year 2013-14, or until paid in full.

In addition to the settlement funds, Schwarzenegger’s “May Budget Revision,” announced last week, also directs billions more of the state’s money to schools. Schwarzenegger said bulging state coffers, filled by unexpected tax revenues, allowed him to budget an extra 8.1 billion for schools, for a total of $55.1 billion-an over 17% overall funding increase from 2004-2005.

The settlement and the new budget figures “will allow us to make good on the debts to schools created through the recent lean years and to make important new investments in public education,” said O’Connell.

Schwarzenegger had some ideas about how the money should be spent. “For K-12 schools, I propose that we concentrate these funds to improve instruction in schools with low academic achievement. We should direct the funds to the classroom level for such things as lowering class size, attracting and supporting quality school leadership and fully credentialed and experienced teachers, supporting greater involvement of parents, providing more counselors in high schools, and increasing quality professional development, instructional materials, improved instruction and accountability.” he said.

Although pleased by the outcome of the lawsuit, Jaurequi was cautious about predicting its effect in New Haven “ It is significant to note that two-thirds of the new funding is one-time in nature and is not an ongoing revenue stream,” she said.

“Although the budget process is far from over and we will likely differ on some of his budget priorities, I am happy to thank Governor Schwarzenegger for working with the education community to invest in public education,” said O’Connell, who’s been embroiled in controversy and litigation over the California High School Exit Exam in recent weeks.

“I am particularly pleased to see that the Governor has increased funding to expand remediation programs for students who are struggling to pass the California High School Exit Exam, and to pay for new summer and evening administrations of the Exam,” said O’Connell, who wrote the law requiring the exam when he was a state legislator in 1998, “ I also applaud the increase in funding to expand and improve student nutrition programs giving more students the opportunity to make healthier food choices on campus. In addition, I am very happy to see additional funding for high school counselors. Our state currently has the lowest ratio of counselors to students in the nation. This is a statistic we need to improve upon”.

This article is based on Settlement Returns Billions to California Schools’ Budgets by Patrick Hannigan of The James Logan Courier, which has a copyright policy compatible with our CC-BY 2.5. Specifically “Creative Commons 2.5 Share-Alike license“

Saturday, March 12, 2005

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Friday, October 2, 2009

Companies in the United States are shedding more jobs, pushing the country’s unemployment rate to a 26-year high of 9.8%.

The US Labor Department said on Friday that employers cut 263,000 jobs in September, with companies in the service industries — including banks, restaurants and retailers — hit especially hard. This is the 21st consecutive month of job losses in the country.

The United States has now lost 7.2 million jobs since the recession officially began in December 2007. The new data has sparked fears that unemployment could threaten an economic recovery. Top US officials have warned that any recovery would be slow and uneven, and some have predicted the unemployment rate will top 10% before the situation improves.

“Continued household deleveraging and rising unemployment may weigh more on consumption than forecast, and accelerating corporate and commercial property defaults could slow the improvement in financial conditions,” read a report by the International Monetary Fund’s World Economic Outlook, predicting that unemployment will average 10.1% by next year and not go back down to five percent until 2014.

Mark Zandi, chief economist at Moody’s Economy.com, said that “it’s a very fragile and tentative recovery. Policy makers need to do more.”

“The number came in weaker than expected. We saw a lot of artificial involvement by the government to prop up the markets, and now that that is starting to end, the private sector isn’t yet showing signs of life,” said Kevin Caron, a market strategist for Stifel, Nicolaus & Co.

Also on Thursday, the US Commerce Department said factory orders fell for the first time in five months, dropping eight-tenths of a percent in August. Orders for durable goods — items intended to last several years (including everything from appliances to airliners) — fell 2.6%, the largest drop since January of this year.

The US government has been spending billions of dollars — part of a $787 billion stimulus package — to help spark economic growth. There have been some signs the economy is improving.

The Commerce Department said on Thursday that spending on home construction jumped in August for its biggest increase in 16 years. A real estate trade group, the National Association of Realtors, said pending sales of previously owned homes rose more than 12 percent in August, compared to August 2008.

A separate Commerce Department report said that consumer spending, which accounts for more than two-thirds of US economic activity, rose at its fastest pace in nearly eight years, jumping 1.3 percent in August.

Other reports have provided cause for concern. A banking industry trade group said Thursday the number of US consumers making late payments, or failing to make payments, on loans and credit cards is on the rise. A survey by a business group, the Institute for Supply Management, Thursday showed US manufacturing grew in September, but at a slower pace than in August when manufacturing increased for the first time in a year and a half.

Stock markets reacted negatively to the reports. The Dow Jones Industrial Average fell 41 points in early trading, reaching a level of 9467. This follows a drop of 203 points on Thursday, its largest loss in a single day since July. The London FTSE index fell 55 points, or 1.1%, to reach 4993 points by 15.00 local time.

Wednesday, May 25, 2016

Dozens of tax investigators raided Google’s offices in French capital Paris yesterday as part of a probe into the company’s alleged tax evasion.

The raid was conducted by investigators from the state financial prosecutor’s office assisted by 25 information technology (IT) experts, according to officials. “The investigation aims to verify whether Google Ireland Ltd has a permanent base in France” the prosecutor’s office said, “and if, by not declaring parts of its activities carried out in France, it failed its fiscal obligations[…]”.

Google, a subsidiary of Alphabet Inc., reports most of its sales in Ireland. Google claims most sales contracts are closed in its Dublin offices. If investigation finds sales are being concluded in other countries, Google may need to pay additional taxes in these countries.

In 2014 Google reported a total yearly revenue in France of €225.4 million with a profit of just €12.2 million, paying only €5 million in corporate tax according to the Financial Times. A Google spokesperson said the company is co-operating with French authorities and fully complies with French law.

According to Reuters, a source from the French finance ministry said French tax authorities are also separately pursuing Google for €1.6 billion in back taxes.

Wednesday, November 1, 2006

The third and last bidder for Singapore’s Sentosa Integrated Resort (IR) project, Eighth Wonder, submitted its development plan yesterday: a SGD 5.5 billion(USD 3.52 billion) eco-friendly casino known as “Harry’s Island”.

Harry’s Island will boast 10 luxury, family-oriented hotels, a tree house with family suites, and a 7,500-seat Caldera theater which will feature nightly spectacular shows.

Eighth Wonder says it wants to make Harry’s Island a world-class, must-see tourist destination and has roped-in several big names in its tender. If selected, the resort will have spas and health centers run by health guru Deepak Chopra, Vera Wang hotels with access to her entire wedding collection, and a soccer academy with Brazilian soccer icon Pele giving his input.

Harry’s Island will create around 15,000 jobs, including 5000 in the food and beverage industry.

The company believes it can recover its investments by 2015 by generating over $5.6 billion in five years; it hopes to bring nearly 15 million visitors annually by 2014.

The Sentosa IR project is the second of two IR tenders offered by the Singapore Government: the first was located in Marina Bay.

The Singapore government is expected to announce the winner in December.

Thursday, September 3, 2009

Two CH-47 Chinook helicopters were called in on Wednesday, September 2nd, to help contain the wildfires on the Hawaiian Island of Molokai.

Smaller helicopters that were fighting the fire since it started around noon on August 29th were redeployed as well.

According to Gen Iinuma, Maui County Civil Defense administrator, the CH-47s carry 2000-gallon buckets of water, whereas the smaller helicopters only have 100-gallon buckets. The Chinooks can dump more water in fewer trips than the smaller helicopters. On the other hand, the tremendous downdraft from the bigger aircraft may make the fire worse.

“If they don’t do it right, they’ll fan the fire,” Iinuma said.

According to Iinuma, ground crews are continuing to maintain the fire’s perimeter, which remained unchanged from Tuesday. The helicopters are being used to fight the fires where ground crews can’t reach, such as steep mountain passes and valleys.

Iinuma also expressed concern about a red flag advisory the National Weather service put out for all leeward areas of the Hawaiian Islands, meaning conditions are ripe for fires.

Lieutenant Governor James “Duke” Aiona, who took an aerial survey of Molokai’s brush fire area, said it was “no immediate threat”. He also noted that the fire seemed to come right up to the perimeter of some properties, but almost always stopped there.

Aiona’s observations are mirrored by a local business owners’ story. The wildfires destroyed the beehives of Molokai Meli, a family-owned honey business in Kapaakea, but residents admit that the beehives were not their main concern.

“We were just beating the edges with wet towels and sheets to try and keep it from getting to the houses that are just right over that ridge,” said co-owner Brenda Kaneshiro. Luckily, the property was spared, though the beehives weren’t.

“All that metal right there, that’s where they all were, there were 33 of them,” said Elijah Kaneshiro, the owner’s son.

Friday, September 19, 2008

On October 14, 2008, Canadians will be heading to the polls for the federal election. Christian Heritage Party candidate Ron Gray is standing for election in the riding of Langley.

Wikinews contacted Ron Gray, to talk about the issues facing Canadians, and what they and their party would do to address them. Wikinews is in the process of contacting every candidate, in every riding across the country, no matter their political stripe. All interviews are conducted over e-mail, and interviews are published unedited, allowing candidates to impart their full message to our readers, uninterrupted.

Mr. Gray has been leader of the Christian Heritage Party since 1995. He first ran for office in 1988.