17 Burst results for "Assembly Budget Committee"

"assembly budget committee" Discussed on KCBS All News

KCBS All News

05:29 min | 3 months ago

"assembly budget committee" Discussed on KCBS All News

"Visit uma dot com. That's OMA dot com to learn more. Uma, smart communications for the smarter business. The Florida keys could be getting a new bridge. The 7 mile bridge is some 40 years old it replaced another 7 mile long bridge built in 1912 for a railroad to Key West. It was then converted for U.S. one in the 30s. The bridge connects the middle to the lower keys, the only land route to Key West, Miami Herald reports Monroe county will replace the bridge by 2030, something that could cost 5 to $600 million far cry from the 42 million to build the current bridge. No word on what improvements new bridge might bring. Peter king, CBS News Orlando. Royals, fans are digging in this morning to Harry and Meghan, the Netflix docuseries. My job is to keep my family safe. By the name should be born into this position and with everything else that comes with it and the level of head that has been stirred up. First of three of 6 episodes released early today, Deborah Rodriguez, CBS News. It's two O 5 at the Bay Area's news station, kcbs. But chili and clouds this morning patch some patchy fog. A rain is coming in this afternoon. The first of two stores. Good morning, I'm ELISA clancy, and here's what's happening at this hour. After two years of budget surpluses, California is now facing a budget deficit. But as kcbs as David Welch reports, the state has a sizable rainy day fund to fall back on. The state is a piggy bank filled to its constitutional maximum. Now that California is facing a budget shortfall, some are wondering if lawmakers will start dipping into it. Assembly member Phil ting chairs the assembly budget committee. He says not yet anyway. Based on what we know today, we think that we can spread out some of the one time spending that we projected around infrastructure or different capital expenses. He also thinks limiting special one time projects is another way the state can save. He doesn't think California should immediately turn to the rainy day fund. However, he also doesn't believe we should rule it out as an option in the future. Reserves are there for when times are tough and it's time to start to get those. That's why we have said. And just as important, even though the state is facing a deficit, ting says lawmakers continue to do a good job in keeping that piggy bank full. We've been very systematically socking money away a few billion at a time. We now have 37 $1 billion in reserve. David Welch, case CBS. The security deposits paid by renters are skyrocketing. There's a move in Sacramento to pull in the reins. Jim Taylor, landlords have gotten into the practice of charging two even three times the monthly rent as a security deposit. Why? I was curious. It hasn't gone up because repairs are that much more expensive or more common. But instead, simply because it's been tied to rent, it now is way too high. Assembly member Matt haney, he chairs the assembly renter caucus. Landlords and some cases ask potential tenants for over ten, $12,000 to move in. And he says creating a rental deposit cap is a simple change. It'll have an enormous impact on housing affordability. A $12,000 to move in is a barrier for many people. Most people, very few people have those kind of funds up front. AB 12, if it passes California will be the 12th state in the country to limit security deposits to just one month's rent. Jim Taylor, yes. Oakland police are investigating a stabbing on the skyline high school campus. Officers responded to reports of a stabbing around 1130 a.m. yesterday. There, they found a student who had been stabbed, and that student was taken to the hospital with serious injuries, police were able to quickly take another student into custody. Officers are still looking for a motive. Just ahead on Casey BS. On Megan goldsby on just how long a judge has decided that theranos executive Sonny balwani should be in prison for his role in duping customers into frauding investors of hundreds of millions of dollars. It's traffic and weather together on Casey BS. It's two O 8 and we check in with Carolyn burns. And in that Sunnyvale area, just getting off the phone with CHP to find out what's been going on. This is on southbound one O one after fair oaks avenue. We had an earlier two vehicle crash and it still has the two left lanes blocked, the two right lanes are open. Someone has been taken to the hospital so you'll still be seen emergency crews on scene and a lot of activity in that area. At the moment I am still seeing a slight backup leading to that scene. In Pleasanton, northbound 6 80 at 5 80, we had a car that was broken down in the middle lanes, and that was causing quite a backup of all of that has been cleared off to the right hand shoulder, and no problems to report through that stretch. Right now in the Fairfield area, eastbound 80 on the Travis boulevard off ramp apparently we have a stalled vehicle. It's broken down, and it is now blocking that off ramp. CHP is on their way. Your next traffic update is at two 18 on the traffic leader, case CVS. Mostly cloudy with some patchy fog this morning lows in the 30s and low 40s looks like everybody's

Miami Herald David Welch Key West Deborah Rodriguez ELISA clancy California Phil ting assembly budget committee CBS Jim Taylor Peter king Monroe county kcbs Meghan Matt haney CBS News
"assembly budget committee" Discussed on KCBS All News

KCBS All News

03:50 min | 4 months ago

"assembly budget committee" Discussed on KCBS All News

"Perform in Medellín, Colombia. The Latin Grammys person of the year? Los bookies frontman Marco Antonio Solis. Deborah Rodriguez, CBS News. It's two O 5 that the Bay Area's news station case CBS mostly cloudy this morning with some clearing later today away from the coast. Good morning. I'm Peter Finch. Here's what's happening. We start this morning in Pittsburgh where at least one person has died in a head on crash on westbound highway four. The deadly collision happened shortly after midnight just east of leverage road all westbound lanes of highway for remain closed a detour has been set up will have all the details and its effect on traffic coming up with Carolyn at two O 8 just a couple minutes from now. Santa Clara county supervisor Cindy Chavez has officially conceded in San Jose's mayoral race. It means city councilman Matt mahan will be San Jose's next mayor Megan gold has more. Chavez tells kcbs she made the call after realizing she couldn't win with the amount of votes left to count. Oh, it was very brief, and I called him both to concede and wish him the best of luck in his new role. The race was a close one with the latest number showing mayhem leading Chavez by two and a half percentage points or 6300 votes. I'm extremely proud of the campaign we ran. It was people powered. It was incredibly grassroots. We did over 350 house parties in neighborhoods across the city, and I'm grateful to everyone who got involved in supported us against the odds because they believed in our message of focus and common sense solutions and accountability for results. Mayhem tells Casey BS first order of business will be to tackle the budget, but he also wants to fight homelessness and create a system that ties elected officials pay raises to measurable progress. As for Chavez, she has two years left on her term as supervisor. Most important to me is that especially at a local level that we're really building trust between the community and the government that they that they own and operate. Current mayor Sam liccardo said in a statement, quote, May or mayhem will be a collaborative dynamic and thoughtful leader who will ensure that our government works just as hard as the families we serve. Megan goldsby, kcbs. California's economic outlook right now, not so good. Chris Anne Carlo tells us there is now a projection showing a big budget deficit for the state. The legislative analyst's office is projecting a $25 billion deficit for next year's budget. California budget and policy center executive director Chris haney says it's just a projection but an important indicator that the economy is slowing. It basically means that state leaders are going to go into a new budget cycle starting in January, probably more cautious and conservative than they have been in previous years. Democratic assemblyman Phil ting of San Francisco chairs the assembly budget committee. He says the state is prepared. It's a projection. It's based on the information that we know today. Obviously, as we go through the year, we take a look at how revenues are, how much money is coming in, and then we make our decisions. And so this is just one major data point. Assembly budget co chair Republican Vince fong of Bakersfield says it's time for fiscal focus. Right now we should probably look at pausing or reevaluating some of our spending priorities to address this potential deficit at this current moment. Now the state does have a $50 billion reserve fund, but the LAL doesn't recommend dipping into that unless there's a bona FIDE recession. Chris Ann carlot Casey BS. Just a head on case CBS. I'm Jeffrey Xiao being San Francisco. 5 people are sent to the hospital after two muni street cars collide. Back to highway

Medellín Marco Antonio Solis Deborah Rodriguez Chavez Cindy Chavez Matt mahan Megan gold San Jose Peter Finch Casey BS CBS News kcbs Sam liccardo Santa Clara county Colombia CBS Megan goldsby Bay Area Chris Anne Carlo
"assembly budget committee" Discussed on NewsRadio KFBK

NewsRadio KFBK

03:27 min | 1 year ago

"assembly budget committee" Discussed on NewsRadio KFBK

"News 93.1 km from ABC News. I'm Dave Packer from across Florida. First responders arriving at the site of the collapse Beachfront condo building, joining the search through the rubble for survivors. Surfside Mayor Charles Berkin. They had a line of guys all up and down the pile, and they had another set of 80 that we're just arriving right now. Rescue teams tunneling through the parking garage under the building medical personnel with them in case they find it seriously injured Survivor Florida State Fire Marshal Jimmie Petronas. That's why these guys are built with With surgeons and trauma technicians embedded with the team because sometimes it may be saving the life right there when you find them investigations into the cause of the collapse at the early stages. Georgia's Republican governor, Brian Kemp says a federal lawsuit against the state is born out of the lies and misinformation. The Biden administration has pushed against Georgia's Election Integrity Act from the start. Attorney General Merrick Garland announcing the suit today, when Georgia Limited drop boxes require different forms of ID for absentee voting and banned food and drinks to voters waiting in a line Attorney General Merrick Garland saw racial bias. Our complaint alleges that recent changes to Georgia's election laws Enacted with the purpose of denying or abridging the right of black Georgians to vote on account of their race or color. Garland said The department is reviewing all laws, not just those recently passed for potential violations of federal election law. Aaron Carter SKI ABC News New York in Minneapolis, hours before he is to be sentenced in the death of George Floyd, Derek Sheldon's lawyers denied another attempt at a new trial. As for that sentence, attorney Terry Austin, an analyst on the lawn crime Network, We are thinking that the judge will probably put in a sentence of I think between 2025 years, maybe even the most that the prosecution has requested here at 30 years. The defense requesting a sentence of time served on Wall Street. The Dow was up at this hour 236 points. You're listening to ABC News from California's Capital City. This is Sacramento's news 93.1 kfbk. I'm John Burnett at 10 02 with your top local stories. Governor Gavin Newsom in the hot seat again, this time over allegations he overstated the progress of fire prevention efforts. John Lowe Bertini has the story. State lawmakers are calling for public hearings following a news report suggesting Gavin Newsom overstated by almost 700% the number of acres that received fire prevention treatment like brush clearing and control burns. The biggest concern is saying one thing and doing another Vince Fong is vice chair of the Assembly Budget Committee. Catastrophic wildfires have ravaged our state, the governor's blatant Nasty and lack of action could not have come at a worse time Capital Public Radio and NPR's California newsroom also report The news from administration Cut fire prevention funding by $150 Million Going into 2020, the worst fire season in California history. Gavin Newsom's office responded to KFBK by email, saying the story missed some important distinctions and the governor did not reduce funding for Wildfire prevention. John Libertine E News 93.1 KFBK and the Diocese of Sacramento, says all Catholic You are Welcome to attend Mass now at full capacity. Bishop Jaime Soto released a statement Thursday encouraging members of the church to return to in person services after Catholics were originally given a special dispensation from the church's requirement of attending mass in person. All that due to the covid 19 pandemic, traffic.

Dave Packer John Burnett Vince Fong Aaron Carter George Floyd Derek Sheldon John Lowe Bertini Terry Austin 236 points Thursday California Brian Kemp $150 Million NPR 2020 93.1 km Garland Minneapolis 30 years Florida
"assembly budget committee" Discussed on NewsRadio KFBK

NewsRadio KFBK

01:57 min | 1 year ago

"assembly budget committee" Discussed on NewsRadio KFBK

"Can't remember. What some of the words meant like whenever do word puzzles or even how to spell them. She first tested positive for the virus nearly a year ago and had a fever for a month. Since then, she suffered hearing and hair loss. She's also dealing with memory issues and dizzy spells. The company that designed and was set to build an MLS stadium in Sacramento is now suing billionaire Ron Burkle for fraud and breach of contract. Kfbk is Aubrey Aquino has more now on this story. Billionaire Ron Burkle have been the lead investor in Sac Republic FCS bid to bring the MLS to the Cap city now Sports Stadium construction company. Icahn venue group is suing Burkle for unpaid invoices, according to what icon is saying they didn't get paid after they allegedly were supposed to have been paid starting in January. 2020, which is of course, but long before circle pulled out of the analyst, Teen Emily Hammond, of the Sacramento Business Journal says icon is seeking damages of at least 2.4 Million dollars, which they claim Merkel owes them for work done on the stadium project, and so far, there's been no comment from Ron Burkle's camp. Aubrey Aquino News 93.1 kfbk and there's more to this story and always going to be joining us in about 10 Minutes to go deeper about what this means for Sacramento and for Ron Burkle as well. Okay, state lawmakers are calling for new hearings following a news report suggesting Governor Gavin Newsom overstated Almost 700% the number of acres that are receiving fire prevention treatment like brush clearing and controlled burns. Vince Fong is vice chair of the Assembly Budget Committee. The biggest concern is saying one thing and doing another catastrophic wildfires have ravaged our state. The governor's leyton dishonesty and lack of action could not have come at a worst time. Multiple reports say the news of administration cut fire prevention funding by $150 million going into 2020. The worst fire season in California history. No comment so far from Newsome or his office at 5 35 100 Friday morning. Here are your top.

Vince Fong Ron Burkle January. 2020 2020 Aubrey Aquino California Burkle Assembly Budget Committee Sacramento $150 million Merkel Newsome Kfbk Gavin Newsom first Governor a year ago Sports Stadium about 10 Minutes 93.1 kfbk
"assembly budget committee" Discussed on NewsRadio KFBK

NewsRadio KFBK

03:33 min | 1 year ago

"assembly budget committee" Discussed on NewsRadio KFBK

"Afternoon News with Kitty O'Neil Report says that collapsed high rise condo near Miami Beach was deemed unstable a year ago. USA Today reports that a Florida International University researcher determined it had been sinking at an alarming rate for decades. The building was constructed in 1981 on reclaimed wetlands. Governor Newsom's office responding tonight to allegations Governor overstated the progress of fire prevention efforts and cut some important fire funding. KPs John Liu Bertini live in studio now with an in depth look Kitty. It's fire season, the budget debate rages on, and Gavin Newsom is headed for recall All that makes this a much bigger deal, a news report. Is now suggesting the governor overstated by almost 700% the number of acres that received fire prevention treatment like brush clearing and controlled burns. That's fire fuel, and Assemblyman Vince Phone was the first to call for public hearings. The biggest concern is saying one thing and doing another catastrophic wildfires have ravaged our state. The governor's blatant dishonesty and lack of action could not have come at a worse time. Capital Public Radio and NPR's California newsroom also report the news from administration. Fire prevention funding by $150 million going into the 2020 year. Which turned out to be the worst fire season in California history. State Senator Jim Nielsen, always feisty, seemed defeated by the news. Maybe that's because Nielsen's district includes Paradise Paradise you'll recall is the town that was wiped out by the deadly campfire in 2018. It's fair to say that in many cases, this administration has tried to soft walking the bad news and then hope everybody will forget about it, and there will be a new news cycle. We reached out to Gavin Newsom's office for comment. In addition to a half dozen Links and volumes of information on fires and funding. We got this. The story missed some important distinctions. The statement goes on to say the governor did not reduce funding for wildfire prevention. This was Newsome last month. We are doubling our historic wildfire budget from the one billion we proposed in January two now $2 billion proposal that was submitted to the Legislature and then there's this, Cal fire chief Tom Porter. He's the headman told Capital Public Radio. The figures cited by Newsome were incorrect and Key. Porter took responsibility for the governor's misstatement called Election Year politics, but Jim Nielsen, not buying it, and I think that it really set me off was the governor of them throwing Tom Porter, you know, into the fire. That guy has been around decades. He's so respected and have him take the heat for this. And then late today, Yuba City Assemblyman Jim Gallagher called for urgent wildfire amendments to the budget. The budget that seemed to be a slam dunk on May 15th still a matter of intense debate over at the state capital. Assemblyman Vince Fong is vice chair of the Assembly Budget Committee. Well, the buck stops with the governor, and when we look at decisions that are made and not made, we need to know what was behind those decisions. Kitty I've been told a revision to the revised budget is being printed right now and could be ready tomorrow. But the official deadline isn't until June 30th so that too could be ripped up and rewritten. Public hearings probably won't happen until later this year. But Nielsen and Fong admit oversight at the state Capitol has been missing. All right, Kpk is John Lowe. Bertini there, John. Thank you. 6 20 traffic and weather together right now, let's hear from Cape case Dana has okay. I just want to make sure I got it right there. Revising the revised budget. Yes, okay. In the revised form.

Miami Beach John Liu Bertini John 1981 2018 $2 billion Tom Porter John Lowe Dana May 15th Florida International Universi NPR Porter Capital Public Radio Paradise Paradise June 30th Assembly Budget Committee Gavin Newsom January two Vince Fong
"assembly budget committee" Discussed on 790 KABC

790 KABC

03:01 min | 1 year ago

"assembly budget committee" Discussed on 790 KABC

"Right. Okay, ABC. Okay, You can see news at five o'clock. I'm Kevin Trapp, Florida firefighters say sounds can be heard from underneath the rubble of a high rise condo collapse. Fire officials say they have not heard any voices but possible banging noises. 99 people are unaccounted for, after a 12 story building near Miami Beach partially collapsed early this morning. Texas Republican Lieutenant Governor Dan Patrick is criticizing where Vice President Kamala Harris is visiting along the Texas Mexico border, So she's going where she's not really going to be seeing active crossings. I don't think they want them crossing behind her and a camera shot. Harris will be in El Paso tomorrow to try and assess what needs to be done to address the current illegal immigration surge. President Joe Biden pitched increased coronavirus vaccine efforts today in Raleigh, North Carolina. The president met and spoke with frontline workers and volunteers at a mobile covid 19 vaccine facility. It was part of his continued campaign to get more people in the state and country inoculated for the disease. My administration provided $105 million to help get people vaccine. Work with the governor and the mayors and county officials across the state just to put the needle in somebody's arm. During the time he spent at the Green Road community Center. Biden gave thanks to those who are offering their assistance in trying to convince those were reluctant to get vaccinated to change their minds for everyone's safety. I'm Mitch Evans, California Governor Gavin Newsom is in the hot see John Liu Bertini. Reports from Sacramento State lawmakers are calling for public hearings following a news report. Suggestion Gavin Newsom Overstated by almost 700% the number of acres that received fire prevention treatment like brush clearing and control burns as long as vice chair of the Assembly Budget Committee, the biggest concern is saying one thing and doing another catastrophic wildfires have ravaged our state. The governor's blatant dishonesty and lack of action could not have come at a worse time. Capital Public Radio and NPR's California newsroom also report the news, Um administration Cut Fire prevention funding by $150 million Going into 2020, the worst fire season in California history. No comment So far from the governor's office on Wall Street. All the major indexes closed in the green KBC News is sponsored by Dairy queen Hey, D Q fans, the Girl Scout Thin Mints. Blizzard is here. The Girl Scout cookies You love meat Cool meant and world famous soft serve blended together in this chocolate and mint tea masterpiece. Grab it today only at your dick. You happy taste good KBC Whether Tonight, mostly clear in the evening, then areas of low clouds and fog tomorrow. Low clouds and fog in the morning then partly cloudy highs from around 70 of the beaches to around 80 inland. This is the home of Dan Bongino, Ben Shapiro and John Phillips. Southern California's first talk radio. 7 90 KBC Traffic.

Ben Shapiro Dan Bongino Miami Beach John Phillips Kevin Trapp John Liu Bertini El Paso $105 million ABC NPR Harris 2020 99 people five o'clock 12 story Mitch Evans Capital Public Radio Assembly Budget Committee KBC Sacramento
"assembly budget committee" Discussed on KQED Radio

KQED Radio

06:11 min | 1 year ago

"assembly budget committee" Discussed on KQED Radio

"The time now is 6 51. This is the California report. Good morning. I'm Lily Jamali. Some lawmakers are calling for more accountability from Governor Gavin Newsom. This after an investigation from Cap radio and NPR's California newsroom found that Newsom has overstated the wildfire prevention work completed during his time in off This cap radio's Scott Rod reports. Newsome entered office promising to tackle California's wildfire problem. We are stepping up our game. Uh I I hear you. Get it. We need to do more and do better. These last two years have been devastating. The governor ordered Cal fire to complete a series of priority projects that included forest thinning and prescribed burns. He claimed the projects treated 90,000 acres. But Cal fire zone data shows the state completed less than 12,000 acres of prevention work on those projects. Cal Fire now claims the work they did do help to protect the full project area. Some lawmakers want answers from the governor here's Republican Assemblyman Vince Fong. Last year, Californians Endure the most catastrophic up our season on record at a minimum. Right now, we need an oversight hearing to get all the facts to get all the details and to hold the governor and our state agencies accountable. Our investigation also found Newsome cut spending on wildfire prevention by $150 million last year. The governor is proposing a substantial increase in this year's budget for fire prevention. Newsome and the Legislature are in the final stages of spending negotiations. Fong, who was on the Assembly Budget Committee, says the governor's track record on fire prevention will likely impact the talks for the California report. I'm Scott Rod in Sacramento. Let's go to Los Angeles. Now Mayor Eric Garcetti is floated ambassadorship in India appears to be in limbo for now. For the last couple of weeks, The mayor has been embroiled in a widening scandal having to do with a former top political aide, Rick Jacobs. Jacobs is accused of sexually harassing a former LAPD officer who once served on Garcetti. Security detail. Recently unsealed court testimony suggests Garcetti witnessed inappropriate comments and did nothing to stop it. And the attorney for two witnesses in the case says her client's testimony backs up allegations of inappropriate conduct by Jacobs. KPCC S Libby Dunkleman joins me now with more Good morning, Libby. Good morning, Lily. Let's start with the latest developments affecting Garcetti's inner circle. His chief of staff was just placed on leave. Talk about what happened there. Ana Guerrero is a long time aide to Garcetti. She has been his chief of staff for 13 years, dating back to his time on the City Council, and she was just placed on leave on Tuesday when more Facebook posts that she made a few years ago dating back to 2016 surfaced in the media. They contained sexually explicit comments about other city staff and also derisive comments about iconic Paul. Petitions and even the labour leader. The Loris were to so these posts were first surfaced by the L A times and since then, Garcetti has said he's disappointed in the posts and the language. Guerrero has apologized. But we did learn yesterday that he has officially placed his longtime top aide on administrative leave for at least a month unpaid. After 13 years serving, serving with him, That's really something. Why does this all matter so much right now? Libby? Well, you mentioned this sexual harassment lawsuit regarding Rick Jacobs. This is a big deal because it speaks to the workplace culture of the mayor's office. And how much commentary like What Guerrero displayed on Facebook was either accepted or tolerated during the time that Matthew Garza that LAPD officer who is suing the city over Rick Jacobs alleged activities was there now, Garza says that Rick Jacobs was giving unwanted hugs, shoulder massages. Saying inappropriate things to Garza over the course of many years when he served on the mayor's security detail. The mayor under oath, has said that he did not witness any of this. And he would not have tolerated any kind of sexual harassment if he had known about it. Other top aides like Ana Guerrero, and more have also said they didn't witness anything like this. However, there is testimony on the record now from a former mayoral aide who said yes, Rick Jacobs did give unwanted massages and made comments that he considered inappropriate and and there is also a former director of one of the mayor's Uh, charities. The mayor's fund L. A who says he heard Garcetti joke that he was surprised Rick Jacobs worked in City Hall and that they were not subject to a lawsuit. And Libby you also you have broken some news recently related to deposition testimony. That is still right now under seal in this sexual harassment lawsuit. What did you learn? Yeah, Some of the testimony in the discovery phase of this lawsuit is already public. But this testimony is under seal based on a confidentiality agreement that both sides the city attorney's office and the plaintiff's attorney, have agreed to. Um, this is the attorney for two witnesses who spoke to me exclusively about what her clients testified to under oath. Their testimony is currently not available to the public. But the attorney said, it's important that people know That her clients either witnessed activity by Rick Jacobs. That was inappropriate or heard commentary by Rick Jacobs. That was inappropriate. Um or have documents related to Rick Jacobs. Inappropriate conduct and I know you're going to be following that story. Thank you..

Rick Jacobs Matthew Garza Ana Guerrero Lily Jamali Tuesday Los Angeles Garcetti Newsome Sacramento 90,000 acres Garza Assembly Budget Committee Guerrero 2016 Lily 13 years Jacobs Fong NPR Last year
"assembly budget committee" Discussed on NewsRadio KFBK

NewsRadio KFBK

07:00 min | 2 years ago

"assembly budget committee" Discussed on NewsRadio KFBK

"His name is Peter Boockvar and Peter. I've known him for Oh, my gosh. 14 15 years ever since I moved to New York On a jet A top notch. Walsh? Yeah, he's Wall Street guy. Yes, he is. But he's also a walking genius. And he says, this is just another epic parabolic bubble. And he said the mania in tow the trades on Gamestop to American Airlines. Yeah, they're doing it to American as well. He says that they'll go bust. Let's break down the investment strategy. Find the most shorted stock, which I said you can go online and find that By calls. Write about it. By the stocks. And jam it higher. The results. Price significantly exceeds the underlying value The companies, he said. They always end up the same way and that is a pop in the bubble and a crash right back to where the stock Started from Says. We've seen this in the history of markets in the 19 twenties. They had these dark pools where people got together manipulated stocks. So he says, Um This isn't anything new. 855295 66 100 David in Michigan. Hello, David. Tom might. I had a question in a comment? Uh, I heard a guy on Bloomberg radio yesterday. Basically say what you just said, but he referred, uh, I think it was 1998 in 2000 when some company went through the same thing. My question to you is for someone like myself who is considering getting into fractional shares is now the time to delay well. I'm not one for timing. First of all, I don't believe in market timing. I know some people have been lucky, but luck isn't a strategy. Specially when the comes to investing. Um, if you see something that you want to buy Then I would suggest if you're I think the market is is we're up near record highs. I I suspect we'll have Well, I think we're in the latter part of this overbought condition. I can't tell you if it's going to go down. Tomorrow. Not tomorrow, Monday or or Ah, year from now, we may get another year out of this, but I would recommend if you want to go in. Uh, Buy in. And it would, um, whatever amount you want to put in by in one quarter of that amount at a time. I don't care if you do it once, one quarter of it this month. Another quarter next month. Or you want to even stretch it out and go. I'll do a quarter in the first quarter of this year than another quarter in the second three months of this year, another but figure out how much you want to put on that particular investment. And by in overtime, and that way You don't have to worry about necessarily the timing of things. If they're wrong. It goes down for a couple of years. But even bear markets only the averages like 18 months. The worst. So the the buying it is. You have to be cautious about buying because I think you make your money when you buy, not when yourself because it depends on what you pay for it. But if it does go down, just don't panic because that's what you do lose money people sell when the market is down. And they go off that some of my It was march of 2009. The market got down the Dow got down to 6000. Yeah, well, if you threw in The towel. Does it was it 14,000 went from 14,000 to 6000. Mm hmm. Well, where is it today, 30,000. So You know, just be beat. Don't Don't worry about the timing. Just figure out. Don't put all your money on whatever you're fine in one Bet at one time by in over a period of time, a couple of weeks, couple of months, something like that. Always works. About it. Get his gun. The same way with when you want to sell. You can sell over a period of time. Um, I know people are anxious to want to invest. But I this This is such a volatile market. Like I said, Gamestop striding out 3 16 a share. Companies not worth $316. It's going to go back to 10. Can't tell you when, but probably sooner than later. 855295 66 100, Sacramento's number one for breaking news, traffic and weather use 93.1 kfbk. From California's Capital City. This is Sacramento's news 93.1. Hey, FBK. Good afternoon. 12 30. I'm Dana Hess with your top stories. President Biden says the coronavirus stimulus package has to pass. I support passing Coble relief with support from Republicans if we get it, but the company has to pass. Always fans of much. Biden talked with reporters outside the White House and said he hopes to get support from Republicans. Many are balking at the price tag of nearly $2 trillion. Democratic leaders are plotting procedural moves to get a measure passed without Republican support. If necessary, it looks like more than 11 billion taxpayer dollars has been stolen from the Employment Development Department, and the actual amount could top a whopping 30 billion. Lawmakers now reacting. Democrat Phil Ting is chair of the Assembly Budget Committee. He's had it with the DNI there along his e, D, D and their long history of significant problems at a number of them of last few months. In every single time a different issue arises we'll, We'll solve a problem around identification that also in the B A. B. A debit card issue arises. Republican Assemblyman Jim Paterson blames Governor Newsome for not doing more to get to the bottom of this latest crisis. The House fire in Oklahoma this morning being blamed for the deaths of four people, including two firefighters, by our crews answered a call from a resident saying they were stuck inside a burning home. And when Oka found the front door blocked.

Gamestop Biden Peter Boockvar Sacramento New York Walsh Phil Ting Michigan Employment Development Departm Bloomberg David DNI Tom American Airlines Oka Assemblyman Jim Paterson Oklahoma Dana Hess Assembly Budget Committee
"assembly budget committee" Discussed on NewsRadio KFBK

NewsRadio KFBK

05:35 min | 2 years ago

"assembly budget committee" Discussed on NewsRadio KFBK

"OK, time now to get some money and business news for that we turn to Kelly Brothers and Kelly. Interesting. I was Was reading this article about how Elon Musk put hash tag Bitcoin in his Twitter bio and the currency, Serge. Just searched and it's just a weird. It's another just weird thing about living in today's world, and how powerful these platforms are. Yeah. How powerful opinion folks like you on musk right is well. He also He also promoted some crypto that was actually started as a joke which went crazy yesterday. I mean up like 800%, So yeah, it Z. Sometimes these people don't know the power they have and the damage they could do when people buy in and are not savvy enough to get out at the right time so well. We'll see how it all plays out. Um, just just a few incidents of exactly The mistaken identities caught up in all this in Australia Nickel mining Company of 50% yesterday why its ticker symbol is G m e the same. His game stops, but it's on the Australian Securities Exchange, but people still bought it like crazy. Thinking it was game stop. They mean they didn't even look at the name of it. They just looked at the symbol on Do Robin Hood. Twitter handle went just rent through the roof yesterday. But unfortunately that is actually based in Nottingham Forest, England, and it's the worldwide Robin Hood Society. Having nothing to do with the trading platform market overall, today is a little bit lower. Giving back the gains of yesterday as the volatility continues on some of the trading platforms of the Reddit wolves taking on the hedge funds that continues and what else do we have? Today? I mean, two airlines had record annual losses last year, American Airlines and Southwest, not a surprise. And of course, you have the announcement of new vaccines Johnson and Johnson not quite as effective as the other two but still very effective as vaccines or judged and AstraZeneca being approved in the U. K of by the UK regulator, Here are the real time numbers this morning down down 3 35 30,000 to 67. NASDAQ Down 1 16 13 1 80, the S and P down 40 points or just about 1% gold up 1918 57 Announcing our 10 year bond yields sitting at 1.8%. Thank you. Mr Brothers talked again and a half an hour. We want to get to the latest now, and we've been extensively covering this all week long and there are new developments yet again on this Friday morning. On the E, D D and the money that was stolen, latest now in the more than 11 billion taxpayer dollars stolen from the Employment Development Department. That's the unemployment agency. The amount stolen could top a whopping $30 billion before it's all over, and lawmakers are reacting and we have some reaction for you. Here is the chair of the Assembly Budget Committee. Phil Ting, a Democrat on the E, D D and they've had a long history of significant problems. We've had a number of them of the last few months on every single time. A different issue arises we'll. We'll solve a problem around identification that also in the B of a debit card issue arises. Okay, So the B of a debit card is this. They issued out these debit cards for people who don't have a job in there. They're looking for benefits. How you get your benefits. You get him on this card. Okay, so then they realize Oh, my gosh. All these people have been stealing money. We're gonna shut down the debit cards. Everybody's debit card. Even people who were legit, right? Couldn't use them to imagine. I mean across the board. That's how out of touch they were. On this entire scam. Well, they had no mechanism to check those cards to see who was legit. And who wasn't so they couldn't restart. Hm. Here's Republican Assemblyman Jim Patterson. He blames Governor Newsome for not doing more to get to the bottom of this latest crisis. California auditor specifically called out a long time ago, the e D D as ripe for waste, fraud and abuse. The buck stops on the governor's desk. Look, we've known there are problems with the E D D for a long, long time that have never been addressed, but we have. This is a new low. Will be on anything we have ever seen, and we still have not heard a single lawmaker called for a hearing or an investigation. Yet even the feds when they gave out the cares, Money, said, Look, you better make sure that everyone who gets this money is legit. It's legit, and they didn't and now we're paying the price. We've got $1000 winner. The guy's name is Rob. Guru is from Sacramento. I've been texting for about six months. And he's quite happy man because he's been texting into 202 100 to win $1000. And you could win. Just like Rob What the $1000. I am gonna faII down a bill and I'm going to go out and have a fantastic evening of dining Now that the California restrictions have eased, so Rob's going to celebrate, you can win. $1000 is coming up by the way in about three minutes, right here. Okay, listen for the key word. And then you texted into 202 100. All right, We're just ahead. I've got about another half hour left of the cave became morning news and we have a lot more to get through. We're gonna be talking about to a guy who's a data cruncher. This guy's so smart. He's It's very interesting story, and he took basically all of the data that we've based all of our policies on and went back into the math. It's worth listening to. It's a great interview, so we'll have that coming up and your top stories that the day stick with us. There's something to say on your smartphone dial pound 2 50 say, open mic chance for people.

Kelly Brothers Twitter Rob Elon Musk California Robin Hood Australian Securities Exchange Phil Ting Assemblyman Jim Patterson Johnson Employment Development Departm Australia Nickel mining Compan Governor Newsome American Airlines Robin Hood Society Assembly Budget Committee AstraZeneca
"assembly budget committee" Discussed on NewsRadio KFBK

NewsRadio KFBK

02:09 min | 2 years ago

"assembly budget committee" Discussed on NewsRadio KFBK

"KFBK Morning news this morning. The powerful Union representing California Public school teachers says they're teachers will need to be vaccinated before they return to school cave because, Nick um a guys with story the California Teachers Union is asking Governor Gavin Newsom if their teachers can get Cove in 19 vaccine before the state more widely reopens classrooms in a letter that California Teachers Association wrote to new, some, saying the vaccines are essential to the return of in person learning. The union insists that the state meets a ramp up vaccination before reopening is safe. Last month, Newsome introduced a proposal offering schools two billion We're testing and protective gear to reopen schools in the short term, Nick and Meg all his news 93.1 Cappie can this morning There is a new secretary of state in California K P Case, Marshall Benson With the story. Dr Shirley Weber has been confirmed by the state Senate to become California's top elections official. Weber was approved by a unanimous vote. The former Assemblywoman, was first elected to the Legislature in 2000 and 12. She chaired the Assembly Budget Committee for the Assembly Committee of Elections. Prior to that, she taught African studies at the San Diego State University for four decades. Whoever replaces Alex Padilla, who is now the junior senator from California in the United States. Senate Marshall Benson News 93.1 kfbk Elsewhere in the news this morning, a statue of Mahatma Gandhi has been ripped down in a park in Davis can't because Mike Blunt with that tensions between the Indian and Sikh communities, and Davis are building up over A statue of Mahatma Gandhi statue was a gift to the city of Davis from the Indian government in 2016, however, earlier in the week the statue was toppled from its base. Officials are still investigating why the statue was vandalized. However, when it was first installed in the city's central park. Some members of the Sikh community protested its present saying, God he was a racist and molested his teenage grand niece, Mike Blunt news 93.1 KFBK. Hundreds of Sacramento area residents are still without power this morning, smart officials Say they've restored power to more than 200,000 homes. But more than 300 Smud customers have been without power for three straight nights. Heavy snow has led to a new avalanche warning this morning in the high Sierra.

California Teachers Union California California Teachers Associatio Dr Shirley Weber Marshall Benson Mahatma Gandhi Nick um Senate Davis California Public school Governor Gavin Newsom Mike Blunt official Smud San Diego State University Assembly Committee of Election Assembly Budget Committee Alex Padilla Sacramento
"assembly budget committee" Discussed on NewsRadio KFBK

NewsRadio KFBK

02:34 min | 2 years ago

"assembly budget committee" Discussed on NewsRadio KFBK

"59 I'm active other meteorologist Joe Lundberg News. 93.1 kfbk 45 degrees outside in Sacramento with stories trending now on the Cave became morning news this morning. The powerful union representing California Public school teachers says they're teachers will need to be vaccinated before they return to school cave because, Nick um, a guy, he says the report The California Teachers union is asking Governor Gavin Newsom if their teacher Girls can get the cove in 19 vaccine before the state more widely reopens classrooms. In a letter, the California Teachers Association wrote to new, some, saying the vaccines are essential to the return of in person learning. The union insists that the state needs to ramp up vaccination before reopening is safe. Last month, Newsome introduced a proposal offering schools two billion For testing and protective gear to reopen schools. In the short term, Nick and Meg all his news 93.1 kfbk there this morning. There is a new secretary of state in California. Here's kfbk is Marshall Benson. Dr Shirley Weber has been confirmed by the state Senate to become California's top elections official. Weber was approved by a unanimous vote. The former Assemblywoman, was first elected to the Legislature in 2000 and 12. She chaired the Assembly Budget Committee for the Assembly Committee of Elections. Prior to that, she taught African studies at the San Diego State University for four decades. Whoever replaces Alex Padilla, who is now the junior senator from California in the United States. Senate Marshall Benson News 93.1 kfbk Elsewhere in the news this morning, a statue of Mahatma Gandhi has been ripped down in a park in Davis, Kate because Mike Blunt with the story. Tensions between the Indian and Sikh communities and Davis are building up. Or a statue of Mahatma Gandhi statue was a gift to the city of Davis from the Indian government in 2016, however, earlier in the week the statue was toppled from its base. Officials are still investigating why the statue was vandalized. However, when it was first installed in the city's central park. Some members of the Sikh community protested its presence, saying God he was a racist and molested his teenage grand niece, Mike Blunt news 93.1 kfbk. Hundreds of Sacramento area residents are still without power this morning. Some artificial Say they've restored power to more than 200,000 homes. But more than 300 Smud customers have been without power for three straight days, he said. The snow has led to a new avalanche warning this morning in the high Sierra Kate because Taylor Martin has more Extreme avalanche warnings are in effect for California's Sierra region as a major winter storm hits the Greater Lake Tahoe area. The CHP warns that traffic maybe held at any given time for Avalanche.

California California Teachers union California Teachers Associatio Mahatma Gandhi Marshall Benson Davis Nick um Mike Blunt Senate Sacramento Sierra Kate California Public school Dr Shirley Weber Governor Gavin Newsom Joe Lundberg Smud official San Diego State University Assembly Budget Committee
"assembly budget committee" Discussed on NewsRadio KFBK

NewsRadio KFBK

03:28 min | 2 years ago

"assembly budget committee" Discussed on NewsRadio KFBK

"Kfbk now trending new coronavirus cases, air falling in almost every state across the country. That's according to the weekly update from the covert tracking project. Says the West is back to pre Thanksgiving levels and the Midwest is reporting fewer infections than it any time since mid October. More money coming for California renters struggling to stay afloat During the pandemic, state lawmakers approved a bill allowing the partial eviction more moratorium to last through the end of June. Was eligible, will also be getting five more months of rent money, thanks to $2.6 billion and rental assistance provided by the federal government. A new report from the California state auditor's office reveals the employment Development Department fraud prevention efforts. May have led to billions of dollars and and proper benefit payments being made, while a new class action lawsuit may prolong the process of unfreezing thousands of valid claims. It because my blunt has the report. A D D leadership is in the hot seat once again after a scathing new order report, once again confirmed significant weaknesses in the department's approach to combating fraud and poor planning and preparing for the volume of claims that were filed during the pandemic. Chair of the Assembly Budget Committee, Phil Ting, a Democrat, says the legislature has been working to hold Edie Edie accountable through public hearings of 11 fire is put out another emerges. You got a number of them of the last few months in every single time a different issue arises will solve the problem. Identification that also in the B A. B, A debit card issue arises. The newest fire comes in the form of a federal class action lawsuit filed against Bank of America. The issue of the debit cards used to pay out benefits claim alleges the bank acted carelessly and freezing thousands of accounts of legitimate claims in an effort to combat fraud. Because lost it. I was told he d, D and B of a can even get in the same room together, so the hearing was literally the first time we had heard from being a either on the phone or online, California State Auditor Elaine House says. It's an Issue she wasn't aware of until today. I hadn't heard that the two that'd be of any Dede aren't talking to each other. That's problem. The new order report estimated the amount of fraudulent claims paid out could be between 10 billion and $30 Billion. Republican Assemblyman Jim Patterson says he believes the blame lies solely with California Governor Newsome, The California are digger specifically called Out a long time ago, the e D D as right for waste, fraud and abuse. The buck stops on the governor's desk, but for the people who have been hurt worse by the pain Endemic pointing fingers hardly matters. Jordan Price started receiving his unemployment benefits and March 2020 when he was laid off from his job. But just after New Year's Eve in 2021, his claim was flagged as possibly fraudulent prices. He was asked to upload several documents to the States. I d dot EMI system to reinstate it. Part of the problem is twos, but a lot of people that are going to end up in this situation or people that are probably in poverty or already unorganized to begin with. It aren't going to have access to these documents. Price says. He was also told incorrect in for me. Should from an idea dot Emmy representative who told him to file a new claim. He says he was also not told some important steps that he had to figure out on his own. After you get verified, you have to go back to the link that the e D D gave you click on it again and go through the automatic verification process. And he adds, due to the volume of claims he also had to set an alarm to wake up at 4 A.m. to make sure his claim went through every week. Says he's now working part time and his benefits have recently been reinstated back to you kidding. Okay, That's Kate because Mike Blunt appreciate it. Time for some traffic.

fraud California Jordan Price Edie Edie auditor e D D Midwest Bank of America Assemblyman Jim Patterson Phil Ting Elaine House employment Development Departm Assembly Budget Committee Dede Governor Newsome Mike Blunt Kate representative
"assembly budget committee" Discussed on NewsRadio KFBK

NewsRadio KFBK

04:16 min | 2 years ago

"assembly budget committee" Discussed on NewsRadio KFBK

"The meantime, Madonna is already working on a booster shot that should better protect against this and other variants. More news now with KFC CASE, Joe Michael's KFBK storm team coverage. As we recover from Wednesday's massive storm, Kitty PG and E is Jeff Smith says We may come across debris and even down power lines. Downed power line, please stay away from it. It can be live even if they don't look like they might be live and they can cause serious injury or sometimes even death, so customers need to stay away from downed power lines of 15. Smith assurance. PG and E is working diligently to restore power to those still without electricity, but says customers may see more outages this weekend. California has a brand new secretary of state kfbk is Mike Laurie tells us she's a familiar face in a brand new role. Her name is doctor, Shirley Weber, and she was confirmed today by the state Senate 29 to nothing to become California's top elections. Official. The former Assemblywoman, was first elected to the Legislature in 2012. She shared the Assembly budget Committee and the Assembly Committee on elections. Prior to that she taught Africana studies at San Diego State University for four decades. Weber is the first African American secretary of state in California. Whoever replaces Alex Padilla, who is now the junior senator from California in the U. S. Senate. Mike Lory News 93.1. KFBK. Former President Donald Trump says his meeting with House Republican leader Kevin McCarthy went very well and was cordial KFT case Tom Roberts has more, a statement says the to discuss the GOP taking back the House and 2022 how the ex president would fit into helping that happen. The statement claims Trump's popularity has never been stronger, and his endorsement means more today than perhaps any endorsement at any time. I'm Tom Roberts. Coronavirus. Very latest news. 93.1 kfbk YOLO County is prioritizing It's older residents to get the covert 19 vaccine. The county will start vaccinating residents age 75 older next week because the supply of doses is limited. The seniors are being put at the top of the list because they are at the greatest risk for serious complications or death from the virus. Any health officials say a vaccine given to a Sr 75, or older is three times more likely to save a life than a vaccine given to someone between the ages of 65 74. And the White House is not interested in splitting up President Biden sweeping coronavirus stimulus package into smaller bills. We're not going to put ourselves in a place where anyone in a place where we're choosing between helping families to put food on the table. And making sure kids go back to get back to school or getting a vaccine in the arms of Americans, Press secretary Jen Psaki, telling reporters the president expects vigorous given take in negotiations over the nearly $2 trillion package. She says the stimulus is aimed at Americans who need it Most. Some Republican lawmakers are balking at the price tag sake argues the package needs to be big. And bold. It's 606 on the kfbk. Afternoon news with Kitty O'Neil Alright Joe Michaels. Thank you. And those who visited a New York City Park got quite a special site. CBS News correspondent Matt Piper has that story was an extremely rare sight in Central Park Wednesday that experts say has not been seen in more than a century. A glimpse of a snowy owl. The birds are native to the Arctic tundra and migrate south during the winter. For no known reason. Some snowy owls actually moved further north in the winter out to the Arctic Sea ice, where they must hunt in mostly total darkness. Experts say the last recorded sighting of a snowy owl in Central Park was back in 18 90. That Piper CBS News, New York, All right, well, six or seven and coming up at 6 11 will talk about our poll question. Today. It's San Francisco, the school board voting to rename 44 schools. Because you know George Washington Abraham Lincoln. They have problems with those folks. So We'll get your calls on that coming up right now. This hour's top national stories on news 93.1 kfbk from ABC News, Um Daria all dinner. There are signs that the nation is making progress in the battle against Cove in 19, and there are other signals. The threat is nowhere.

Kitty PG California Shirley Weber President Donald Trump Jeff Smith Central Park president CBS YOLO County President Biden Tom Roberts Assembly budget Committee Joe Michael Madonna ABC News San Diego State University Mike Lory Alex Padilla
"assembly budget committee" Discussed on NewsRadio KFBK

NewsRadio KFBK

03:21 min | 2 years ago

"assembly budget committee" Discussed on NewsRadio KFBK

"DnB had postponed in person driving test you to the surgeon coronavirus cases in California, but February 1st is the date they're going to resume those well. A new report from the California state auditor's office reveals that the employment development Department fraud prevention efforts may have led to billions of dollars in improper benefit payments being made, while a new class action lawsuit may prolong the process, unfreezing thousands of valid claims. Hey, it because my blunt goes in depth with this report, E D D leadership is in the hot seat once again after a scathing new order report, once again confirmed significant weaknesses in the department's approach to combating fraud and poor planning and preparing for the volume of claims that were filed during the pandemic. Chair of the Assembly Budget Committee. Phil Ting, a Democrat, says the legislature has been working to hold Edie Edie accountable through public hearings. 11 Fire's put out another emerges. We've had a number of them of the last few months in every single time a different issue arises we'll, we'll solve a problem around identification that also in the B of a debit card issue arises. The newest fire comes in the form of a federal class action lawsuit filed against Bank of America. The issue of the debit cards used to pay out benefits claim alleges the bank acted carelessly and freezing thousands of accounts of legitimate claims in an effort to combat fraud. Because lawsuit I was told over D, D and B of a can even get in the same room together. So that's the hearing was literally the first time we had heard from B a day either on the phone or online, California state Auditor Elaine House says it's an issue she wasn't aware of until today. I hadn't heard that the two that B of a and E D D aren't talking to each other. That's the problem. The new order report estimated the amount of fraudulent claims paid out could be between 10 billion and $30 Billion. Republican Assemblyman Jim Patterson says he believes the blame lies solely with California Governor Newsome. The California on Egor specifically called out Ah, Long time ago, the e D D as ripe for waste, fraud and abuse. The buck stops on the governor's desk. But for the people who have been hurt worse by the pandemic, pointing fingers hardly matters. Jordan Price started receiving his unemployment benefits in March 2020 when he was laid off from his job. But just after New Year's Eve in 2021, his claim was flagged as possibly fraudulent. Price says he was asked to upload several documents to the states I d dot EMI system to reinstate it. Part of the problem is to is that a lot of people that are going to end up in this situation or people that are probably, um, you know, in poverty or already unorganized to begin with, it aren't gonna have access to these documents. Price says he was also told incorrect information from an idea dot Emmy representative who told him to file a new claim. He says he was also told some importance. He was said he will also not told some important steps that he had to figure out on his own you after you do after you get verified, you have to go back to the link that the e d d gave you click on it again and go through the automatic verification process. And he adds, due to the volume of claims yes. He also had to set an alarm to wake up at 4 A.m. to make sure his claim went through every week. He says he's now working part time and his benefits have recently been reinstated back to you kidding. Well, if you had told me you'd be hard even believe all that Mike Guy just said it was alarming. Five absolutely nightmare. Okay, my blond. Thank you for reporting that appreciated for 50. And we've got your traffic.

Jordan Price California fraud auditor Edie Edie Assembly Budget Committee Phil Ting Bank of America employment development Departm Assemblyman Jim Patterson Mike Guy Governor Newsome Egor Elaine House representative
"assembly budget committee" Discussed on NewsRadio KFBK

NewsRadio KFBK

05:52 min | 2 years ago

"assembly budget committee" Discussed on NewsRadio KFBK

"Top local story and other scathing report from the California state auditor reveals the States et de may have paid billions in fraudulent unemployment claims. And now A new class action lawsuit against Bank of America, the issuer of the debit cards used to pay out unemployment benefits that's threatening to prolong the unfreezing of the accounts of thousands of legitimate claims. California state auditor Elaine House says that's an issue she just became aware of today. I hadn't heard that the two that'd be of any Dede aren't talking to each other. That's problem. How called a dd unprepared in a recently released report, noting that it took four months to launch a key anti fraud measures. Also e d D mismanaged the unfreezing of debit cards for Californians who were truly out of work and filed legitimate claims. The audit finds that the E G D has not been monitoring it's fraud prevention tools to see if they are really working. Keep Kay's My blunt goes in depth on this story at 4 47. Right now. Your top national story, a new, more transmissible variant of the Corona virus, First detected in South Africa is now on U. S soil for the first time in South Carolina to adults have already tested positive. CBS correspondent Serena Cope. It has more from the Centers for Disease Control and Prevention in Atlanta, CDC saying that they are aware of the cases in South Carolina and the Atlanta based agency says there in the early stages of understanding the new strain. At this point, though, they say they have no evidence that this variant causes more severe disease. Preliminary data suggests this very it may spread more easily and quickly than other strains. In the meantime, Madonna already working on a booster shot that would better protect against this and other variants. Corners. Now with Katie case, Joe Michael's Arcadia's We recover from the massive storm this week. PG and E is Jeff Smith says You may come across debris and even downed power lines. You see a downed power line, please stay away from it. They can be live even if they don't look like they might be live and they can cause serious injury or sometimes even death, so customers need to stay away from downed power lines if they, Smith assures PG and E is working diligently to restore power to those still without electricity, but says customers may see more outages this weekend. The California has a brand new secretary of state, and she's a familiar face in a brand new role gave because my glory explains her name is Doctor Shirley Weber, and she was confirmed today by the state Senate 29 to nothing to become California's top elections official. The former Assemblywoman, was first elected to the Legislature in 2012. She shared the Assembly Budget Committee and the Assembly Committee on elections. Prior to that she taught Africana studies at San Diego State University for four decades. Webber's the first African American secretary of state in California. Whoever replaces Alex Padilla, who is now the junior senator from California in the U. S. Senate. Mike Lory News 93.1. KFBK. Former President Donald Trump says his meeting with House Republican leader Kevin McCarthy went very well and was cordial, Tom Roberts reports. Statement says the to discuss the GOP taking back the house and 2022 how the ex president would fit into helping that happen. The statement claims Trump's popularity has never been stronger, and his endorsement means more today than perhaps any endorsement at any time. I'm Tom Roberts. Coronavirus. Very latest news. 93.1 kfbk YOLO County is prioritizing It's older residents to get the covert 19 vaccine. The county will start vaccinating residents age 75 older next week because the supply of doses is limited. The seniors are being put at the top of the list because they're at the greatest risk for serious complications or death from the virus. County health officials say that a vaccine given to a Sr 75, or older is three times more likely to save a life than a vaccine given to someone between the ages of 65 to 74. With White House is not interested in splitting up President Biden sweeping coronavirus stimulus package into smaller bills. We're not going to put ourselves in a place where anyone in a place where we're choosing between helping families to put food on the table and making sure kids go back to get back to school, or getting a vaccine in the arms of Americans. Press secretary Jen Psaki, telling reporters today. The president expects vigorous given take in negotiations over the nearly $2 trillion package. She says the stimulus is aimed at Americans who need it Most. Some Republican lawmakers are balking at the price tag sake argues the package needs to be big and bold. It's four or six on the kfbk. Afternoon news with Kitty O'Neil. All right, Thank you. Joe Michael's there, and those who visited a New York City Park got quite a sight, CBS news correspondent Met Piper has the story. There was an extremely rare sight in Central Park Wednesday that experts say has not been seen in more than a century. A glimpse of a snowy owl. The birds are native to the Arctic tundra and migrate south during the winter. For no known reason. Some snowy owls actually moved further north in the winter out to the Arctic Sea ice where they must hunt. Mostly total darkness. Experts say the last recorded sighting of a snowy Alan Central Park was back in 18 90. Back. Piper, CBS News, New York, All right, It's coming up on 407 it kfbk and we're going to be talking about your poll question coming up, and this is about the renaming of schools. In San Francisco. It looks like 44 schools. They're going to be renamed because, among others, George Washington, Abraham Lincoln and Thomas Jefferson Says the city school board. There have dishonorable legacies. So we will be talking about that. Maybe take some pound to 50 calls If you like on your smartphone, just say Open mic right now. This hour's top national stories on news 93.1 kfbk..

California President Donald Trump fraud South Carolina CBS president Tom Roberts auditor Joe Michael Dede Jeff Smith CDC Elaine House Bank of America Atlanta YOLO County CBS News San Francisco San Diego State University
"assembly budget committee" Discussed on NewsRadio KFBK

NewsRadio KFBK

04:28 min | 2 years ago

"assembly budget committee" Discussed on NewsRadio KFBK

"Staffing levels are too high for flight schedule. It's been hammered by the coronavirus. Stocks get opened lower today, right now are down futures down 264 points S and P futures off 35 in the last tank indicators lower by 88 points I made Cory with the Bloomberg Business Report on News 93.1 kfbk head Thanks so much new audio clips to roll out for you this morning and he d d spokesperson Margarita Fernandez, offering an explanation for how they allowed more than $11 billion to be stolen by thieves. Including inmates in prison. She says that they've had problems for years that her agency they have known some of their deficiency that shortcomings for years and Have not taken care of it and adequately prepared for a downturn, something that we have all known for quite some time. The chair of the State Assembly budget Committee, Phil Ting, says the politician share some of the blame. Elected officials were accountable accountable to the public. They're the ones who vote for us. And who asked us to do their job. However, I'm still not aware of any hearings that have been announced yet. Have you heard of anything? No and turns of being accountable. Republican Assemblyman Jim Patterson says that the E. D D has been intentionally misleading people about the fraud well if they misled the people. They miss led legislature. We can only do our jobs if we have access to these individuals and that they tell us the truth. So the only new development this morning is that there was an auditor's report that was critical of the e D. D, but no hearings have been scheduled. As far as we know in the governor hasn't done anything yet. Okay, well, ah, another item this one. Maybe you want to put the awkward files also misleading. A longtime California Democratic lawmaker badly bungled the pledge of allegiance during a Los Angeles City Council meeting on Tuesday. Morning, he was asked to lead the Pledge of Allegiance. And here is L. A City council member, Kevin Daily on a pledge allegiance to the flag of the United States America. Invincible. I pledge allegiance to the flag of the United States of America. Oh, boy. Witches stands one nation under God, indivisible with liberty and justice for all. Live. That's how we ended that that's Kevin Daily own. No one even jumped into like, help save them. This is a guy who ran for the United States Senate in California, and he doesn't know the pledge of allegiance. He's now sitting on the City Council. Right. Wow. Yeah. That was awkward. Awkward is a soft way of putting. It did to think that our elected officials can't recite the pledge of Allegiance. Where school Children? Well, I don't even know if they do it anymore. Oh, I think they do. I've been in schools for presentations, and they've done the pledge of allegiance when I was there. Mm. Okay. Just thought we'd bring that out for you. Okay, well, well your stew on that. Let's get back to the e D D though. I mean, you want to talk about consequential, um, news being made out of the E, D D and what is our Legislature going to do about it? So you know, there's the auditor's report comes out yesterday, and we just heard the spokesperson say, Well, you know, we just We've had problems for a long time. Look, this is a different level. We know that TDD has been plagued with problems forever. We got that right. We're talking maybe $31 billion stolen. This is not a system issue. No, it's it's a institutional issue and who dropped the ball. Somebody field group, a group of people a lot of people, So we're going to get into that, and we're going to get into the exactly those numbers. So you find out how much was stolen from you. Back in three Have something to say on your smartphone dial pound 2 50 say, open mic chance for people that way with Sacramento's and news 93.1 Hang up, okay? Hi. I'm Dr Andres Michael itis chief psychologist that knew where we help people both healthy habits that stick. The truth is, most diets don't work because they're unsustainable. It's a new muse is a different approach..

auditor Kevin Daily legislature California Margarita Fernandez Cory America Phil Ting Los Angeles City Council State Assembly budget Committe Assemblyman Jim Patterson United States Senate United States Bloomberg City Council Dr Andres Michael E. D D Sacramento fraud
"assembly budget committee" Discussed on NewsRadio KFBK

NewsRadio KFBK

03:34 min | 2 years ago

"assembly budget committee" Discussed on NewsRadio KFBK

"Severe coronavirus use of the vaccine is not recommended. And fans all over the globe. Remembering the legacy of Lakers legend Kobe Bryant. It's the one year anniversary of his death well. Lawmakers on both sides of the aisle are demanding answers after new report from the California state auditor's office says the state's Employment Development Department was unprepared for the volume of claims filed during the pandemic. We go in depth now, with Kate McKay's Mike Blunt. The DD is in the hot seat once again after the report found that department leadership was aware of systemic problems that have led to long delays in processing claims and overwhelming number of fraudulent claims being paid out and other issues that have persisted for at least a decade. Spokesperson for the California state auditor's office Margarita Fernandez, Says department heads over the years have done little to address them. What we've determined to or concluded in this report is that it's poor planning and ineffective management. Fernandez says. The pandemic led to the department trying to work its way through a hefty backlog of legitimate claims while also trying to weed out the fraudulent ones, resulting in many valid claimants waiting longer than 21 days to receive their first benefit payment they have known him. Their deficiency that shortcomings for years and have not taken care of it and adequately prepared for a downturn. While the report pointed the finger at E. D, D leadership chair of the State Assembly budget Committee, Phil Ting, a Democrat, says politicians should also share some of the blame. He says accountability is important, but the priority should be on getting people the benefits they need in a timely manner. Elected officials were accountable accountable to the public. They're the ones who vote for us. And who asked us to do their job, further complicating the matter. Bank of America, together with the D D froze hundreds of thousands of accounts for suspicious activity. Bank of America provides claimants with a debit card. They can use the access funds, but King says an unexpected consequences that some legitimate accounts have been locked. He says the budget committee will hold hearings to investigate. Bank of America is now being sued in federal court for its role. I don't want to be apologist for the for the department, could they? I am not apologizing, this department and everything that general is so clearly. There were definitely some decisions that were made. There was an easy fix around the fraud that it was, I believe is the Corrections Department could have shared information with the D D and because that information was not shared. Then because of that there were checks that went out that other states didn't send out because they coordinate. Republican Assemblyman Jim Patterson did not mince words when he held a press conference earlier today to respond to the audit report. He says the deed has been intentionally misleading people about the volume of claims and amount of fraud. Well if they misled the people. They missed led legislature We can on Lee do our jobs if we have access to these individuals and that they tell us the truth. Patterson also laid blame on former governor Jerry Brown and Governor Newsome for not doing enough to governors that are supposed to be the executives of the state who allowed this to happen. And here we are paying the price might want news. 93.1 kfbk hard 6 50 Now, Casey Kay, We're gonna get some traffic and weather together for your right now. We're also looking at some. We've gotten some averages now from smug. Yeah, it looks like the largest one right now. Dana is the floor in area over 2400 customers. Yeah, that's kind.

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