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The California Report

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State Puts Final Stamp on Cap-and-Trade
After a journey of nearly five years, California regulators today will formally adopt the nation's most comprehensive "cap-and-trade" system for reducing greenhouse gas emissions.

Campaign Finance Debacle Short-Changes Candidates
Politicians across the state are reeling from the news that a professional campaign treasurer may have embezzled millions of dollars from her Democratic clients' campaigns. Now questions are arising on whether candidates can go back to the donors whose funds were stolen and ask for more.

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