September 2011

We’re supposed to feel sorry for these people? Part I

This article is the beginning of an occasional series concerning foreclosures in Merced County -- the economic crisis that doesn't go away. 
Today’s example concerns Trustee’s Sale T.S. No. 08-2212-SP-CA, a ranchette in the North Merced area. (Even though Merced County denies the existence of any ranchettes in the county, on this particular road appears to contain a dozen ranchettes, suitable for grazing horses or other backyard ornaments.)
The property is about to be sold at public auction for $949,246.38.

A real tea party on the Columbia River

The International Longshore and Warehouse Union, the ILWU, is battling a global grain-shipping corporate partnership in the Washington State port of Longview, near the mouth of the Columbia River.
The contenders are:
EGT is a joint venture of Bunge, STX Pan Ocean, and Itochu. EGT has contracted with General Construction Company, employer of Operating Engineers Local 701, to do the work that is the long-established jurisdiction of the men and women of the International Longshore and Warehouse Union, Local 21. -- Longshore and Shipping News

One step closer to a state bank for California

A bill to establish a committee to study the viability of a state bank for California has passed both houses of the state Legislature and now awaits the governor's signature. Bearing in mind that Gov. Jerry Brown has warned that he would veto many bills passed in this legislative session, we don't know what chances the bill has of becoming law but we would not have given it much chance to get through the Legislature just a few months ago. The governor may share the legislative desperation.
Badlands Journal editorial board
Al-Jazeerah, CCUN