Inland Empire News
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California cities are free to block medical marijuana dispensaries from setting up shop within their borders, the California Supreme Court said in a ruling that could affect hundreds of pot stores around the state.
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Long lines of tractor-trailers filled with electronics, apparel and home-improvement goods crowd Interstate 10 through Southern California’s Inland Empire. The trucks are headed for a growing number of warehouses that are displacing the citrus groves that once dominated the area.
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California Supreme Court justices voiced doubts that the state’s medical marijuana law bars cities and counties from passing laws prohibiting pot dispensaries.
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California voters approved Proposition 13 to rein in property taxes that had doubled in 10 years. More than three decades later, that rebellion has mortgaged the state’s future, saddling it with the nation’s highest debt and lowest credit rating.
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Billionaire Stanley Ho today said he transferred ownership of his stake in Asia’s biggest casino company to family members, ending a dispute for control over a business he spent five decades building.
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Buying Archstone Inc. will give Equity Residential and AvalonBay Communities Inc. apartments in U.S. markets where development is difficult and rents are rising even as growth of the multifamily market slows nationally.
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Equity Residential, the largest publicly traded U.S. apartment landlord, sold four properties in Florida for about $100 million as it pares assets to support its acquisition of Archstone Inc.
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Cities in California, where three have declared bankruptcy in the past seven weeks, may get credit-rating downgrades from Moody’s Investors Service.
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Former officers and directors of First Centennial Bank were sued for negligence by the Federal Deposit Insurance Corp., which said it had to pay $163 million to depositors after the bank failed in January 2009.
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For Douglas Johnson, the number six says it all. That was how many California Hispanics were in Congress in 2000, accounting for 11 percent of 53 U.S. House seats, and that’s how many are there today.
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