Neel Kashkari, the former Goldman Sachs Group Inc. executive chosen by ex-Treasury Secretary Henry Paulson to help rescue the U.S. banking system, is readying a challenge to California Governor Jerry Brown even as the world’s 10th-largest economy reaches its highest level in more than three decades.
Mitt Romney has followed the playbook for winning the Republican presidential nomination to the letter. He raised more money than his opponents and built a national organization. He piled up endorsements from prominent party insiders. He proved he could win in a bellwether primary in New Hampshire and a major state in Florida.
Democrats have turned to an agenda that Republicans are calling class warfare, as President Barack Obama presses a “Buffett Rule” to tax the rich, Senate Democrats offer a millionaires’ tax instead and party leaders fulminate against Bank of America’s $5 debit-card service fee.
Leland Yee, a candidate for San Francisco mayor, worked his way through the beauty salons and restaurants lining West Portal Avenue, asking shop owners about their business and listening attentively to the concerns of residents out for an afternoon manicure.
California Treasurer Bill Lockyer, who never realized his ambition of governing the most-populous state, may remain a powerbroker after leaving office with $2.5 million in campaign funds and four decades in politics.
President Barack Obama set aside his stance as compromiser-in-chief to champion the populist cause of “fairness” for the middle class in the struggle over how to bring down the nation’s budget deficit.
When psychiatrist Gertrudis Agcaoili retired last year from a state mental hospital in Napa, California, she took with her a $608,821 check for unused leave banked in a career that spanned three decades.