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"content": "\u003cp>\u003cem>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/Smile.jpg\">\u003cimg class=\"alignright size-thumbnail wp-image-59709\" title=\"Smile\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/Smile-150x150.jpg\" alt=\"\" width=\"105\" height=\"105\">\u003c/a>Rachael Myrow here, host of the California Report, with an AM post from somewhere else in California. We're in this Golden State together. Right?\u003c/em>\u003c/p>\n\u003cp>Ever since Vallejo \u003ca href=\"http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/03/BADM1NFGLH.DTL\">settled its bankruptcy situation\u003c/a>, Stockton has become the new poster child for the California city careening into \u003ca href=\"http://www.reuters.com/article/2012/03/27/municipals-stockton-mediator-idUSL2E8QRBD520120327\">insolvency\u003c/a>.\u003c/p>\n\u003cp>On the one hand, Stockton has so much going for it. Cover your eyes, urban planners: the Central Valley city is close enough (80 miles east) to count as a suburb of the San Francisco Bay Area. It's got colorful history dating back to the Gold Rush era, a natural inland seaport, and lots of hot weather ... for those who like hot weather.\u003c/p>\n\u003cp>Did I mention it's a suburb? \u003c!--more-->You could say that blessing is at the heart of Stockton's current crisis. During the housing boom, the real estate market soared, as people who work close to the coast fled East in search of lawns and a reasonably priced third bedroom. City leaders signed off on generous public employee union contracts and took on big debt to fund a big redevelopment project on the waterfront.\u003c/p>\n\u003cp>Then, the housing market crashed. As NPR's \u003ca href=\"http://www.kqed.org/news/story/2012/03/11/87314/an_example_to_avoid_city_of_stockton_on_the_brink?source=npr&category=economy\">Richard Gonzales\u003c/a> put it on Weekend Edition Sunday recently, \"Those homes that sold for more than $400,000 are now going for less than $150,000.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>It doesn't help that so many people drive elsewhere to work, but at least they have jobs. In February, the unemployment rate for San Joaquin County clocked in at 16.6 percent. Although, it's worth noting that employment is seasonal in this Central Valley city because agriculture is one of its economic pillars (\u003ca href=\"http://www.youtube.com/watch?v=jkYMXdy01OI&feature=youtu.be\">asparagus\u003c/a>, anyone?).\u003c/p>\n\u003cp>Naturally, the media piles on. \u003ca href=\"http://www.time.com/time/nation/article/0,8599,2110115,00.html#ixzz1qbxv4kZt\">TIME\u003c/a> writes \"Stockton has been down on its luck for as long as memory serves,\" as it warns, \"If a deal is not reached in the coming weeks — and prospects are bleak — Stockton will become the largest municipality in U.S. history to go bust.\"\u003c/p>\n\u003cp>The \u003ca href=\"http://online.wsj.com/article/SB10001424052702303812904577297801570813854.html?KEYWORDS=california\">Wall Street Journal\u003c/a> makes a point of picking out Stockton for its national survey of municipal murder rates, even though Stockton is hardly the only California city to lay off police officers lately, or struggle with gang violence. Also, if we're going to talk about a bounce back in murders from 2009 to 2011, let's include \u003ca href=\"http://www.kqed.org/a/kqednews/RN201106081730/a\">San Jose\u003c/a> and \u003ca href=\"http://ww2.kqed.org/news/2012/02/27/map-a-month-of-oakland-violence/\">Oakland\u003c/a> in the conversation.\u003c/p>\n\u003cp>You can't blame the media entirely for Stockton's PR problem, but the temptation is strong for some, especially after Forbes hoisted the city atop its annual list of \"Most Miserable Cities\" in 2011. As we noted on the California Report, Stockton locals were \u003ca href=\"http://www.californiareport.org/archive/R201104220850/b\">up in arms\u003c/a>. Thankfully, the mantle moved on to \u003ca href=\"http://www.forbes.com/sites/kurtbadenhausen/2012/02/02/americas-most-miserable-cities/\">Miami\u003c/a> this year. Still, the sting lingers.\u003c/p>\n\u003cp>\"Who is gonna step up for Stockton?\" asks Ian Hill, the KQED Newsroom's \u003ca href=\"http://www.kqed.org/arts/profile/index.jsp?essid=49504\">Web Maven\u003c/a> - and its lone Stocktonian. He's lived there for the better part of six years, along with his wife. They have no plans to move any time soon.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\"We love our neighborhood, we love our house, and we love our friends,\" he says - and then after a beat, \"not necessarily in that order.\"\u003c/p>\n\n",
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"description": "Rachael Myrow here, host of the California Report, with an AM post from somewhere else in California. We're in this Golden State together. Right? Ever since Vallejo settled its bankruptcy situation, Stockton has become the new poster child for the California city careening into insolvency. On the one hand, Stockton has so much going for",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/Smile.jpg\">\u003cimg class=\"alignright size-thumbnail wp-image-59709\" title=\"Smile\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/Smile-150x150.jpg\" alt=\"\" width=\"105\" height=\"105\">\u003c/a>Rachael Myrow here, host of the California Report, with an AM post from somewhere else in California. We're in this Golden State together. Right?\u003c/em>\u003c/p>\n\u003cp>Ever since Vallejo \u003ca href=\"http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/03/BADM1NFGLH.DTL\">settled its bankruptcy situation\u003c/a>, Stockton has become the new poster child for the California city careening into \u003ca href=\"http://www.reuters.com/article/2012/03/27/municipals-stockton-mediator-idUSL2E8QRBD520120327\">insolvency\u003c/a>.\u003c/p>\n\u003cp>On the one hand, Stockton has so much going for it. Cover your eyes, urban planners: the Central Valley city is close enough (80 miles east) to count as a suburb of the San Francisco Bay Area. It's got colorful history dating back to the Gold Rush era, a natural inland seaport, and lots of hot weather ... for those who like hot weather.\u003c/p>\n\u003cp>Did I mention it's a suburb? \u003c!--more-->You could say that blessing is at the heart of Stockton's current crisis. During the housing boom, the real estate market soared, as people who work close to the coast fled East in search of lawns and a reasonably priced third bedroom. City leaders signed off on generous public employee union contracts and took on big debt to fund a big redevelopment project on the waterfront.\u003c/p>\n\u003cp>Then, the housing market crashed. As NPR's \u003ca href=\"http://www.kqed.org/news/story/2012/03/11/87314/an_example_to_avoid_city_of_stockton_on_the_brink?source=npr&category=economy\">Richard Gonzales\u003c/a> put it on Weekend Edition Sunday recently, \"Those homes that sold for more than $400,000 are now going for less than $150,000.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>It doesn't help that so many people drive elsewhere to work, but at least they have jobs. In February, the unemployment rate for San Joaquin County clocked in at 16.6 percent. Although, it's worth noting that employment is seasonal in this Central Valley city because agriculture is one of its economic pillars (\u003ca href=\"http://www.youtube.com/watch?v=jkYMXdy01OI&feature=youtu.be\">asparagus\u003c/a>, anyone?).\u003c/p>\n\u003cp>Naturally, the media piles on. \u003ca href=\"http://www.time.com/time/nation/article/0,8599,2110115,00.html#ixzz1qbxv4kZt\">TIME\u003c/a> writes \"Stockton has been down on its luck for as long as memory serves,\" as it warns, \"If a deal is not reached in the coming weeks — and prospects are bleak — Stockton will become the largest municipality in U.S. history to go bust.\"\u003c/p>\n\u003cp>The \u003ca href=\"http://online.wsj.com/article/SB10001424052702303812904577297801570813854.html?KEYWORDS=california\">Wall Street Journal\u003c/a> makes a point of picking out Stockton for its national survey of municipal murder rates, even though Stockton is hardly the only California city to lay off police officers lately, or struggle with gang violence. Also, if we're going to talk about a bounce back in murders from 2009 to 2011, let's include \u003ca href=\"http://www.kqed.org/a/kqednews/RN201106081730/a\">San Jose\u003c/a> and \u003ca href=\"http://ww2.kqed.org/news/2012/02/27/map-a-month-of-oakland-violence/\">Oakland\u003c/a> in the conversation.\u003c/p>\n\u003cp>You can't blame the media entirely for Stockton's PR problem, but the temptation is strong for some, especially after Forbes hoisted the city atop its annual list of \"Most Miserable Cities\" in 2011. As we noted on the California Report, Stockton locals were \u003ca href=\"http://www.californiareport.org/archive/R201104220850/b\">up in arms\u003c/a>. Thankfully, the mantle moved on to \u003ca href=\"http://www.forbes.com/sites/kurtbadenhausen/2012/02/02/americas-most-miserable-cities/\">Miami\u003c/a> this year. Still, the sting lingers.\u003c/p>\n\u003cp>\"Who is gonna step up for Stockton?\" asks Ian Hill, the KQED Newsroom's \u003ca href=\"http://www.kqed.org/arts/profile/index.jsp?essid=49504\">Web Maven\u003c/a> - and its lone Stocktonian. He's lived there for the better part of six years, along with his wife. They have no plans to move any time soon.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\"We love our neighborhood, we love our house, and we love our friends,\" he says - and then after a beat, \"not necessarily in that order.\"\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Bankruptcy Court Report: Solyndra Did Not Mislead DOE",
"title": "Bankruptcy Court Report: Solyndra Did Not Mislead DOE",
"headTitle": "News Fix | KQED News",
"content": "\u003cfigure id=\"attachment_60697\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/tube-lightsources-300x173.png\">\u003cimg class=\"size-full wp-image-60697\" title=\"tube-lightsources-300x173\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/tube-lightsources-300x173.png\" alt=\"\" width=\"300\" height=\"173\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">If we looked more closely, could we have seen signs Solyndra was headed for bankruptcy? (Credit: Solyndra)\u003c/figcaption>\u003c/figure>\n\u003cp>Has it really only been half a year since Solyndra \u003ca href=\"http://ww2.kqed.org/news/fremonts-solyndra-solar-tech-firm-suspends-operations-filing-bankruptcy/\">suspended operations\u003c/a>?\u003c/p>\n\u003cp>At one time, Solyndra was soaring above the rooftops, a green energy darling making thin film solar photovoltaic power systems for large commercial and industrial rooftops. \"Clever product!\" analysts and investors said. \"Big potential market!\" \"Who doesn't love Fremont?\" OK, that last thought was mostly expressed by people in the Bay Area, but the excitement was genuine.\u003c/p>\n\u003cp>Then the price of Chinese solar panels dropped, and Solyndra's fortunes faded fast. (There's more on this rise and fall at the California Report's old blog \u003ca href=\"http://blogs.kqed.org/shiftinggears/tag/solyndra/\">Shifting Gears\u003c/a>.)\u003c/p>\n\u003cp>After the collapse, new questions cropped up. Solyndra got a $535 million loan guarantee from the Energy Department. It was the first loan guarantee \u003ca href=\"http://lpo.energy.gov/\">of a kind\u003c/a> authorized by a bill President George W. Bush signed into law in 2005. Did Solyndra mislead the Department of Energy about its financial health?\u003c!--more-->\u003c/p>\n\u003cp>Although today's report doesn't touch on the political maelstrom that followed, \u003ca href=\"http://tech.fortune.cnn.com/2012/03/27/solyndra/\">Fortune\u003c/a> assesses it rather economically in its write-up about the report:\u003c/p>\n\u003cblockquote>\u003cp>Vice President Joe Biden and Energy Secretary Chu presided at the groundbreaking of Solyndra's Fab 2 facility in Fremont, California, in a photo opp that they would come to rue. In his remarks, Biden laid the credit for the loan guarantee and construction launch squarely on the Obama Administration's 200-day-old Recovery Act legislation, downplaying the role of the 2005 legislation and the nearly two-and-a-half-year process that had actually led up to this moment. Thus, Biden unwittingly inflated a political football that would soon grow to the size of a Macy's Thanksgiving Day float.\u003c/p>\u003c/blockquote>\n\u003cp>A flock of investigators swarmed into Fremont. They came from the \u003ca href=\"http://www.washingtonpost.com/politics/fbi-searches-shuttered-solyndra-offices-plant-in-california/2011/09/08/gIQAu4kRCK_story.html\">FBI\u003c/a>, the \u003ca href=\"http://energy.gov/sites/prod/files/SOLYNDRA_FINAL.jpg\">Department of Energy Office of Inspector General\u003c/a>, the regional \u003ca href=\"http://www.washingtontimes.com/news/2011/dec/13/grand-jury-begins-probe-of-bankrupt-solyndra/?page=all\">US Attorney's\u003c/a> office...even \u003ca href=\"http://abcnews.go.com/Blotter/solyndra-execs-stonewall-congress/story?id=14589597#.T3NRPtkmXTo\">Congress\u003c/a>.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Last but not least, there came ex-FBI agent \u003ca title=\"http://www.brg-expert.com/professionals-todd_neilson.html\" href=\"http://www.brg-expert.com/professionals-todd_neilson.html\" target=\"_blank\">R. Todd Neilson\u003c/a>. Solyndra's board hired him to be the the company's chief restructuring officer, and to deliver a report for the benefit of the U.S. Bankruptcy Court in Wilmington, Delaware - and Solyndra's creditors.\u003c/p>\n\u003cp>“I approach anything with a healthy skepticism and with an understanding that I should look at things anew without the baggage of other opinions people may have,” Todd Neilson told the Wall Street Journal's blog, \u003ca href=\"http://blogs.wsj.com/bankruptcy/2012/03/27/trustee-brings-fbi-accounting-experience-to-solyndra-probe/\">Bankruptcy Beat\u003c/a>.\u003c/p>\n\u003cp>Today, his 204 page report on Solyndra is filed and \u003ca href=\"http://www.scribd.com/doc/86917035/SolyndraCROreport\">available to the public\u003c/a>. You'll want the bullet points:\u003c/p>\n\u003cul>\n\u003cli>Construction costs were correctly recorded in the accounting records and no material funds were diverted from their original intended use.\u003c/li>\n\u003cli>The DOE had sufficient information to understand the risks and challenges ... and make an informed decision as to the ongoing financial condition of Solyndra.\u003c/li>\n\u003cli>All of the funds drawn under the DOE Loan Guarantee were spent in accordance with the relevant loan documents.\u003c/li>\n\u003cli>The information provided to the DOE, as certified, was materially correct when compared to the audited financial statements of PWC (PricewaterhouseCoopers).\u003c/li>\n\u003cli>The actual calculations used by the company to compute and pay cash bonuses are within materially acceptable limits.\u003c/li>\n\u003c/ul>\n\u003cp>Neilson attempted to conduct informal interviews of Solyndra’s former Chief Executive Officers, Dr. Chris Gronet and Brian Harrison. Both declined.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>But for those who were waiting for a smoking solar panel, the upshot is ... you won't find it in this report.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_60697\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/tube-lightsources-300x173.png\">\u003cimg class=\"size-full wp-image-60697\" title=\"tube-lightsources-300x173\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/tube-lightsources-300x173.png\" alt=\"\" width=\"300\" height=\"173\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">If we looked more closely, could we have seen signs Solyndra was headed for bankruptcy? (Credit: Solyndra)\u003c/figcaption>\u003c/figure>\n\u003cp>Has it really only been half a year since Solyndra \u003ca href=\"http://ww2.kqed.org/news/fremonts-solyndra-solar-tech-firm-suspends-operations-filing-bankruptcy/\">suspended operations\u003c/a>?\u003c/p>\n\u003cp>At one time, Solyndra was soaring above the rooftops, a green energy darling making thin film solar photovoltaic power systems for large commercial and industrial rooftops. \"Clever product!\" analysts and investors said. \"Big potential market!\" \"Who doesn't love Fremont?\" OK, that last thought was mostly expressed by people in the Bay Area, but the excitement was genuine.\u003c/p>\n\u003cp>Then the price of Chinese solar panels dropped, and Solyndra's fortunes faded fast. (There's more on this rise and fall at the California Report's old blog \u003ca href=\"http://blogs.kqed.org/shiftinggears/tag/solyndra/\">Shifting Gears\u003c/a>.)\u003c/p>\n\u003cp>After the collapse, new questions cropped up. Solyndra got a $535 million loan guarantee from the Energy Department. It was the first loan guarantee \u003ca href=\"http://lpo.energy.gov/\">of a kind\u003c/a> authorized by a bill President George W. Bush signed into law in 2005. Did Solyndra mislead the Department of Energy about its financial health?\u003c!--more-->\u003c/p>\n\u003cp>Although today's report doesn't touch on the political maelstrom that followed, \u003ca href=\"http://tech.fortune.cnn.com/2012/03/27/solyndra/\">Fortune\u003c/a> assesses it rather economically in its write-up about the report:\u003c/p>\n\u003cblockquote>\u003cp>Vice President Joe Biden and Energy Secretary Chu presided at the groundbreaking of Solyndra's Fab 2 facility in Fremont, California, in a photo opp that they would come to rue. In his remarks, Biden laid the credit for the loan guarantee and construction launch squarely on the Obama Administration's 200-day-old Recovery Act legislation, downplaying the role of the 2005 legislation and the nearly two-and-a-half-year process that had actually led up to this moment. Thus, Biden unwittingly inflated a political football that would soon grow to the size of a Macy's Thanksgiving Day float.\u003c/p>\u003c/blockquote>\n\u003cp>A flock of investigators swarmed into Fremont. They came from the \u003ca href=\"http://www.washingtonpost.com/politics/fbi-searches-shuttered-solyndra-offices-plant-in-california/2011/09/08/gIQAu4kRCK_story.html\">FBI\u003c/a>, the \u003ca href=\"http://energy.gov/sites/prod/files/SOLYNDRA_FINAL.jpg\">Department of Energy Office of Inspector General\u003c/a>, the regional \u003ca href=\"http://www.washingtontimes.com/news/2011/dec/13/grand-jury-begins-probe-of-bankrupt-solyndra/?page=all\">US Attorney's\u003c/a> office...even \u003ca href=\"http://abcnews.go.com/Blotter/solyndra-execs-stonewall-congress/story?id=14589597#.T3NRPtkmXTo\">Congress\u003c/a>.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Last but not least, there came ex-FBI agent \u003ca title=\"http://www.brg-expert.com/professionals-todd_neilson.html\" href=\"http://www.brg-expert.com/professionals-todd_neilson.html\" target=\"_blank\">R. Todd Neilson\u003c/a>. Solyndra's board hired him to be the the company's chief restructuring officer, and to deliver a report for the benefit of the U.S. Bankruptcy Court in Wilmington, Delaware - and Solyndra's creditors.\u003c/p>\n\u003cp>“I approach anything with a healthy skepticism and with an understanding that I should look at things anew without the baggage of other opinions people may have,” Todd Neilson told the Wall Street Journal's blog, \u003ca href=\"http://blogs.wsj.com/bankruptcy/2012/03/27/trustee-brings-fbi-accounting-experience-to-solyndra-probe/\">Bankruptcy Beat\u003c/a>.\u003c/p>\n\u003cp>Today, his 204 page report on Solyndra is filed and \u003ca href=\"http://www.scribd.com/doc/86917035/SolyndraCROreport\">available to the public\u003c/a>. You'll want the bullet points:\u003c/p>\n\u003cul>\n\u003cli>Construction costs were correctly recorded in the accounting records and no material funds were diverted from their original intended use.\u003c/li>\n\u003cli>The DOE had sufficient information to understand the risks and challenges ... and make an informed decision as to the ongoing financial condition of Solyndra.\u003c/li>\n\u003cli>All of the funds drawn under the DOE Loan Guarantee were spent in accordance with the relevant loan documents.\u003c/li>\n\u003cli>The information provided to the DOE, as certified, was materially correct when compared to the audited financial statements of PWC (PricewaterhouseCoopers).\u003c/li>\n\u003cli>The actual calculations used by the company to compute and pay cash bonuses are within materially acceptable limits.\u003c/li>\n\u003c/ul>\n\u003cp>Neilson attempted to conduct informal interviews of Solyndra’s former Chief Executive Officers, Dr. Chris Gronet and Brian Harrison. Both declined.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>But for those who were waiting for a smoking solar panel, the upshot is ... you won't find it in this report.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Arysta, About to Lose Methyl Iodide Lawsuit, Wants Case Dismissed",
"title": "Arysta, About to Lose Methyl Iodide Lawsuit, Wants Case Dismissed",
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"content": "\u003cp>When Arysta LifeScience abruptly \u003ca href=\"http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/21/BAJ21NO9GA.DTL\">pulled methyl iodide off the U.S. market\u003c/a> this week, it cited the “economic viability” of the controversial fumigant, which is used to sterilize soil before crops are planted.\u003c/p>\n\u003cfigure id=\"attachment_60330\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/strawberryfumigation.jpg\">\u003cimg class=\"size-full wp-image-60330\" title=\"strawberryfumigation\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/strawberryfumigation.jpg\" alt=\"\" width=\"300\" height=\"169\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Photo: KQED QUEST\u003c/figcaption>\u003c/figure>\n\u003cp>But at a hearing in an Oakland courtroom Wednesday, a possible additional factor in the company's decision emerged, as the judge revealed the company was on the verge of losing a major \u003ca href=\"http://ww2.kqed.org/news/2012/01/12/lack-of-court-transcript-issue-at-methyl-iodide-trial/\">lawsuit\u003c/a>.\u003c/p>\n\u003cp>California regulators approved methyl iodide in December 2010, in the final days of the Schwarzenegger administration. They did so over the \u003ca href=\"http://californiawatch.org/dailyreport/warning-about-strawberry-field-chemical-ignored-scientists-say-2495\" target=\"_blank\">objections of state scientists\u003c/a>, who said trace amounts of the chemical would put farm workers and agricultural communities \u003ca href=\"http://californiawatch.org/dailyreport/state-scientists-ignored-pesticides-approval-12357\" target=\"_blank\">at risk of cancer\u003c/a>, miscarriage or birth defects. Farmers rely on fumigants to support the state’s $2.3 billion strawberry industry but have struggled to find environmentally safe products.\u003cbr>\n\u003c!--more-->\u003c/p>\n\u003caside class=\"pullquote alignleft\">My decision is the [plaintiffs'] petition must be granted...on the grounds that the alternatives and the no-project alternative were not studied and that violates both CEQA and the [California Dept of Pesticide Regulation's] own regulations.\n\u003cp>--Alameda County Superior Court Judge Frank Roesch,\u003c/p>\n\u003c/aside>\n\u003cp>Immediately after California approved methyl iodide, environmental and farm-worker groups sued the state, arguing that regulators broke the law in approving the chemical. The opening hearing \u003ca href=\"../2012/01/12/lack-of-court-transcript-issue-at-methyl-iodide-trial/\" target=\"_blank\">took place\u003c/a> last month, when the judge put the onus on the state to prove it had considered alternatives to methyl iodide, as required by \u003ca href=\"http://ceres.ca.gov/ceqa/more/faq.html\">California's Environmental Quality Act\u003c/a> (CEQA).\u003c/p>\n\u003cp>On Wednesday, before the court could issue its opinion, attorneys for Arysta requested another hearing to present recent developments that they said would affect the case.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>But Alameda County Superior Court Judge Frank Roesch was skeptical, according to a \u003ca href=\"https://www.documentcloud.org/documents/327637-mei-hearing-transcript-of-march-21-2012.html\" target=\"_blank\">transcript\u003c/a> of the hearing. \"My initial reaction,\" he said, \"was that...I don't understand how any late-breaking fact of any variety would be relevant in the consideration of a case that would be determined on an administrative record.\"\u003c/p>\n\u003cp>The judge then made an announcement: “I have made a decision in the case, and I’m in the process of writing it up.\" To the surprise of many in the courtroom, Roesch then offered a candid explanation of his yet-to-be-released opinion: California regulators broke state law in approving methyl iodide by failing to take a close enough look at alternatives to the chemical or at the ramifications of not approving methyl iodide for use in California at all.\u003c/p>\n\u003cp>Furthermore, Roesch said, the approval by the Department of Pesticide Regulation was not based on sound science, and state regulators “cobbled together” different methodologies in order to reach a decision. There was “no evidence” to justify that process, the judge said.\u003c/p>\n\u003cp>Roesch also appeared to agree with plaintiffs that the state hadn’t adequately studied whether methyl iodide could harm developing fetuses in pregnant farm workers or in women who live near strawberry fields.\u003c/p>\n\u003cp>“I think the (California) Birth Defect Prevention Act was also violated,” said the judge, who added that his decision probably wouldn’t address that particular issue because the other grounds were sufficient.\u003c/p>\n\u003cp>Then, Roesch turned to Arysta’s attorneys. “Now that you are aware of what the court is going to decide when I get around to finishing writing it up, tell me what you think I should consider?”\u003c/p>\n\u003cp>Stanley Landfair, an attorney for Arysta LifeScience, explained to the judge that the company had recently removed methyl iodide from the market nationally and revoked its request for registration in California. “Arysta, even if it wanted to, could not sell this product in the state of California any longer,” Landfair said. “We believe that renders the case moot.\"\u003c/p>\n\u003cp>Roesch said he will issue his opinion on whether or he will dismiss the case May 1.\u003c/p>\n\u003cp>Pesticide activists say the timing of Arysta’s announcement is no coincidence.\u003c/p>\n\u003cp>“If the judge dismisses the case,” said Paul Towers of Pesticide Action Network North America, one of 17 plaintiffs in the case, “California will have let a pesticide corporation off the hook and failed to fix our broken regulatory system.”\u003c/p>\n\u003cp>In a \u003ca href=\"http://www.arystalifescience.com/release/MIDASPress3-20-12FINAL.pdf\" target=\"_blank\">statement [PDF]\u003c/a>, Arysta reiterated that the decision to withdraw methyl iodide was a financial one and declined to comment on the court case.\u003c/p>\n\u003cp>Despite methyl iodide’s approval in California, only a handful of farmers actually have used the fumigant. Some local agricultural authorities have declined to issue permits for the chemical, and farmers have complained it’s too costly to comply with safety precautions required by the state.\u003c/p>\n\u003cp>In its statement, Arysta said pulling methyl iodide off U.S. shelves will allow the company to focus on other markets, including Mexico, which is second after California in supplying strawberries to the U.S. Methyl iodide is legal in seven other countries, but used in just one of them, Japan.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Meanwhile, while methyl iodide is off the table in California, Arysta has not ruled out bringing it back elsewhere in the country. While it is “suspending its support” of methyl iodide nationwide, Arysta will continue to maintain its 2007 U.S. Environmental Protection Agency registration, which keeps the door open for future sales.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>When Arysta LifeScience abruptly \u003ca href=\"http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/21/BAJ21NO9GA.DTL\">pulled methyl iodide off the U.S. market\u003c/a> this week, it cited the “economic viability” of the controversial fumigant, which is used to sterilize soil before crops are planted.\u003c/p>\n\u003cfigure id=\"attachment_60330\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/strawberryfumigation.jpg\">\u003cimg class=\"size-full wp-image-60330\" title=\"strawberryfumigation\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/strawberryfumigation.jpg\" alt=\"\" width=\"300\" height=\"169\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Photo: KQED QUEST\u003c/figcaption>\u003c/figure>\n\u003cp>But at a hearing in an Oakland courtroom Wednesday, a possible additional factor in the company's decision emerged, as the judge revealed the company was on the verge of losing a major \u003ca href=\"http://ww2.kqed.org/news/2012/01/12/lack-of-court-transcript-issue-at-methyl-iodide-trial/\">lawsuit\u003c/a>.\u003c/p>\n\u003cp>California regulators approved methyl iodide in December 2010, in the final days of the Schwarzenegger administration. They did so over the \u003ca href=\"http://californiawatch.org/dailyreport/warning-about-strawberry-field-chemical-ignored-scientists-say-2495\" target=\"_blank\">objections of state scientists\u003c/a>, who said trace amounts of the chemical would put farm workers and agricultural communities \u003ca href=\"http://californiawatch.org/dailyreport/state-scientists-ignored-pesticides-approval-12357\" target=\"_blank\">at risk of cancer\u003c/a>, miscarriage or birth defects. Farmers rely on fumigants to support the state’s $2.3 billion strawberry industry but have struggled to find environmentally safe products.\u003cbr>\n\u003c!--more-->\u003c/p>\n\u003caside class=\"pullquote alignleft\">My decision is the [plaintiffs'] petition must be granted...on the grounds that the alternatives and the no-project alternative were not studied and that violates both CEQA and the [California Dept of Pesticide Regulation's] own regulations.\n\u003cp>--Alameda County Superior Court Judge Frank Roesch,\u003c/p>\n\u003c/aside>\n\u003cp>Immediately after California approved methyl iodide, environmental and farm-worker groups sued the state, arguing that regulators broke the law in approving the chemical. The opening hearing \u003ca href=\"../2012/01/12/lack-of-court-transcript-issue-at-methyl-iodide-trial/\" target=\"_blank\">took place\u003c/a> last month, when the judge put the onus on the state to prove it had considered alternatives to methyl iodide, as required by \u003ca href=\"http://ceres.ca.gov/ceqa/more/faq.html\">California's Environmental Quality Act\u003c/a> (CEQA).\u003c/p>\n\u003cp>On Wednesday, before the court could issue its opinion, attorneys for Arysta requested another hearing to present recent developments that they said would affect the case.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>But Alameda County Superior Court Judge Frank Roesch was skeptical, according to a \u003ca href=\"https://www.documentcloud.org/documents/327637-mei-hearing-transcript-of-march-21-2012.html\" target=\"_blank\">transcript\u003c/a> of the hearing. \"My initial reaction,\" he said, \"was that...I don't understand how any late-breaking fact of any variety would be relevant in the consideration of a case that would be determined on an administrative record.\"\u003c/p>\n\u003cp>The judge then made an announcement: “I have made a decision in the case, and I’m in the process of writing it up.\" To the surprise of many in the courtroom, Roesch then offered a candid explanation of his yet-to-be-released opinion: California regulators broke state law in approving methyl iodide by failing to take a close enough look at alternatives to the chemical or at the ramifications of not approving methyl iodide for use in California at all.\u003c/p>\n\u003cp>Furthermore, Roesch said, the approval by the Department of Pesticide Regulation was not based on sound science, and state regulators “cobbled together” different methodologies in order to reach a decision. There was “no evidence” to justify that process, the judge said.\u003c/p>\n\u003cp>Roesch also appeared to agree with plaintiffs that the state hadn’t adequately studied whether methyl iodide could harm developing fetuses in pregnant farm workers or in women who live near strawberry fields.\u003c/p>\n\u003cp>“I think the (California) Birth Defect Prevention Act was also violated,” said the judge, who added that his decision probably wouldn’t address that particular issue because the other grounds were sufficient.\u003c/p>\n\u003cp>Then, Roesch turned to Arysta’s attorneys. “Now that you are aware of what the court is going to decide when I get around to finishing writing it up, tell me what you think I should consider?”\u003c/p>\n\u003cp>Stanley Landfair, an attorney for Arysta LifeScience, explained to the judge that the company had recently removed methyl iodide from the market nationally and revoked its request for registration in California. “Arysta, even if it wanted to, could not sell this product in the state of California any longer,” Landfair said. “We believe that renders the case moot.\"\u003c/p>\n\u003cp>Roesch said he will issue his opinion on whether or he will dismiss the case May 1.\u003c/p>\n\u003cp>Pesticide activists say the timing of Arysta’s announcement is no coincidence.\u003c/p>\n\u003cp>“If the judge dismisses the case,” said Paul Towers of Pesticide Action Network North America, one of 17 plaintiffs in the case, “California will have let a pesticide corporation off the hook and failed to fix our broken regulatory system.”\u003c/p>\n\u003cp>In a \u003ca href=\"http://www.arystalifescience.com/release/MIDASPress3-20-12FINAL.pdf\" target=\"_blank\">statement [PDF]\u003c/a>, Arysta reiterated that the decision to withdraw methyl iodide was a financial one and declined to comment on the court case.\u003c/p>\n\u003cp>Despite methyl iodide’s approval in California, only a handful of farmers actually have used the fumigant. Some local agricultural authorities have declined to issue permits for the chemical, and farmers have complained it’s too costly to comply with safety precautions required by the state.\u003c/p>\n\u003cp>In its statement, Arysta said pulling methyl iodide off U.S. shelves will allow the company to focus on other markets, including Mexico, which is second after California in supplying strawberries to the U.S. Methyl iodide is legal in seven other countries, but used in just one of them, Japan.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Meanwhile, while methyl iodide is off the table in California, Arysta has not ruled out bringing it back elsewhere in the country. While it is “suspending its support” of methyl iodide nationwide, Arysta will continue to maintain its 2007 U.S. Environmental Protection Agency registration, which keeps the door open for future sales.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Beyond the Bay: Sierra Club Sues to Stop City by the Salton Sea",
"title": "Beyond the Bay: Sierra Club Sues to Stop City by the Salton Sea",
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"content": "\u003cp>\u003cem>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/Smile.jpg\">\u003cimg class=\"alignright\" title=\"Smile\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/Smile-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\">\u003c/a>Rachael Myrow here, host of The California Report, with an a.m. post from beyond the Bay Area Bubble...\u003cbr>\n\u003c/em>\u003c/p>\n\u003cp>It's one of the more pungent parts of California. On the back side of the state's largest state park, \u003ca href=\"http://parks.ca.gov/?page_id=638\">Anza-Borrego\u003c/a>, there's a giant sink hole full of tilapia known as the Salton Sea. Despite its salinity and pollution (\u003ca href=\"http://www.sci.sdsu.edu/salton/EnvirnEconValueSaltonSea.html\">a combination of agricultural runoff and epic flooding\u003c/a>), the sea also provides a habitat for many migratory birds passing through California.\u003c/p>\n\u003cp>Back in the 1950s, the Salton Sea was a desert playground for Metro LA, and real estate developers imagined something on the order of Palm Springs SE. But like the Sea itself, those dreams have waxed and waned over the years. \u003c/p>\n\u003cp>If you haven't seen \"Plagues & Pleasures,\" \u003ca href=\"http://www.youtube.com/watch?v=Atgg7t4XbPk\">narrated by John Waters\u003c/a>, put that on your list of Docs to Watch. pronto. This is a place that inspires filmmakers and scientists and people prone to fixing things that appear to be broken. (We had a story on the scientific side of the sea on the \u003ca href=\"http://www.californiareport.org/archive/R608100850\">California Report\u003c/a> a few years back.) \u003c!--more-->\u003c/p>\n\u003cp>This week, we hear from \u003ca href=\"http://www.courthousenews.com/2012/03/19/44793.htm\">Courthouse News Service\u003c/a> that environmentalists are suing to stop a ginormous development proposed for the crusty northeastern shoreline of the Salton Sea. Specifically, the Sierra Club and the Center for Biological Diversity are suing the Riverside County Board of Supervisors and the developer, Black Emerald Properties, in Superior Court, over a 4,918-acre project that would include up to 16,655 dwelling units and 5 million square feet of commercial space.\u003c/p>\n\u003cblockquote>\u003cp>\"As county planners acknowledged, the project and its 40,000 or more residents would form an entirely new town, which would be constructed between the failing Salton Sea on the east and the sensitive wilderness lands of Anza Borrego State Park and the Santa Rosa and San Jacinto Mountains National Monument on the west,\" the complaint states... \"This massive influx of people, and the resulting traffic, will lead to an increase in air pollution and greenhouse gas emissions in a region that already had some of the nation's highest air pollution levels. It will also catalyze more growth and cause significant new impacts on nearby parks, biological resources and cultural resources.\"\u003c/p>\u003c/blockquote>\n\u003cp>The plaintiffs claim \"Travertine Point,\" and the county's approval of it in February, and its 3,000-page environmental impact report (excluding appendices), violated both the California Environmental Quality Act and the California Code of Regulations. But they also find the economics of the proposal \"baffling.\" Aruna Prabhala, an attorney with the Center for Biological Diversity, told Courthouse News \"they basically want to build a new town in the middle of nowhere.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Developers naturally disagree, arguing the eastern side of the Coachella Valley is already popular with tourists and set to become more so once the economy turns around (maybe in the next 30 or so years.) Whatever your thoughts about the Salton Sea, it's saline hold on the human imagination is undeniable.\u003c/p>\n\n",
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"slug": "beyond-the-bay-area-bubble-sierra-club-sues-to-stop-city-by-the-salton-sea",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/Smile.jpg\">\u003cimg class=\"alignright\" title=\"Smile\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/Smile-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\">\u003c/a>Rachael Myrow here, host of The California Report, with an a.m. post from beyond the Bay Area Bubble...\u003cbr>\n\u003c/em>\u003c/p>\n\u003cp>It's one of the more pungent parts of California. On the back side of the state's largest state park, \u003ca href=\"http://parks.ca.gov/?page_id=638\">Anza-Borrego\u003c/a>, there's a giant sink hole full of tilapia known as the Salton Sea. Despite its salinity and pollution (\u003ca href=\"http://www.sci.sdsu.edu/salton/EnvirnEconValueSaltonSea.html\">a combination of agricultural runoff and epic flooding\u003c/a>), the sea also provides a habitat for many migratory birds passing through California.\u003c/p>\n\u003cp>Back in the 1950s, the Salton Sea was a desert playground for Metro LA, and real estate developers imagined something on the order of Palm Springs SE. But like the Sea itself, those dreams have waxed and waned over the years. \u003c/p>\n\u003cp>If you haven't seen \"Plagues & Pleasures,\" \u003ca href=\"http://www.youtube.com/watch?v=Atgg7t4XbPk\">narrated by John Waters\u003c/a>, put that on your list of Docs to Watch. pronto. This is a place that inspires filmmakers and scientists and people prone to fixing things that appear to be broken. (We had a story on the scientific side of the sea on the \u003ca href=\"http://www.californiareport.org/archive/R608100850\">California Report\u003c/a> a few years back.) \u003c!--more-->\u003c/p>\n\u003cp>This week, we hear from \u003ca href=\"http://www.courthousenews.com/2012/03/19/44793.htm\">Courthouse News Service\u003c/a> that environmentalists are suing to stop a ginormous development proposed for the crusty northeastern shoreline of the Salton Sea. Specifically, the Sierra Club and the Center for Biological Diversity are suing the Riverside County Board of Supervisors and the developer, Black Emerald Properties, in Superior Court, over a 4,918-acre project that would include up to 16,655 dwelling units and 5 million square feet of commercial space.\u003c/p>\n\u003cblockquote>\u003cp>\"As county planners acknowledged, the project and its 40,000 or more residents would form an entirely new town, which would be constructed between the failing Salton Sea on the east and the sensitive wilderness lands of Anza Borrego State Park and the Santa Rosa and San Jacinto Mountains National Monument on the west,\" the complaint states... \"This massive influx of people, and the resulting traffic, will lead to an increase in air pollution and greenhouse gas emissions in a region that already had some of the nation's highest air pollution levels. It will also catalyze more growth and cause significant new impacts on nearby parks, biological resources and cultural resources.\"\u003c/p>\u003c/blockquote>\n\u003cp>The plaintiffs claim \"Travertine Point,\" and the county's approval of it in February, and its 3,000-page environmental impact report (excluding appendices), violated both the California Environmental Quality Act and the California Code of Regulations. But they also find the economics of the proposal \"baffling.\" Aruna Prabhala, an attorney with the Center for Biological Diversity, told Courthouse News \"they basically want to build a new town in the middle of nowhere.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Developers naturally disagree, arguing the eastern side of the Coachella Valley is already popular with tourists and set to become more so once the economy turns around (maybe in the next 30 or so years.) Whatever your thoughts about the Salton Sea, it's saline hold on the human imagination is undeniable.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/applelogo1.jpg\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/applelogo1.jpg\" alt=\"\" title=\"applelogo\" width=\"209\" height=\"117\" class=\"alignleft size-full wp-image-59762\">\u003c/a>NEW YORK (AP) Thirty-six years after its founding, Apple Inc. is finally loosening up its purse strings to reward shareholders directly, by instituting a dividend and share buyback program.\u003c/p>\n\u003cp>Investors had been expecting Monday's announcement, driving up Apple shares 37 percent since management hinted in January that a dividend was in the works.\u003c/p>\n\u003cp>Apple, the world's most valuable company, sits on $97.6 billion in cash and securities. For years, CEO Steve Jobs resisted calls to reward shareholders with some of that money. He used to say that the money was better used to give Apple maneuvering room, for instance by giving it the ability to buy other companies.\u003c/p>\n\u003cp>Jobs died in October after a long fight with cancer. On Monday, new CEO Tim Cook said that with this much cash on hand, a dividend wouldn't restrain the company's options. \u003c!--more-->\u003c/p>\n\u003cp>``These decisions will not close any doors for us,'' he told analysts and reporters on a conference call.\u003c/p>\n\u003caside class=\"pullquote alignleft\">In absolute terms, Apple will pay one of the richest dividends in the U.S. \u003c/aside>\n\u003cp>Apple generated $31 billion in cash in the fiscal year that ended in September, and is on pace to generate even more in the current year. That means its cash pile will continue to grow even with a dividend and a buyback program, albeit at a lower rate.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Had it kept amassing cash and low-yielding securities, Apple could eventually have opened itself to legal challenge from shareholders, who could have argued that it was misusing their money.\u003c/p>\n\u003cp>Apple said Monday that it will pay a quarterly dividend of $2.65 per share, starting in its fiscal fourth quarter, which begins July 1.\u003c/p>\n\u003cp>The dividend works out to $10.60 annually, or 1.8 percent of the current stock price. That annual yield how much the company pays out in dividends compared to its stock price is below that of other big technology companies like Microsoft Corp., currently at 2.5 percent, and Hewlett-Packard Co., at 2 percent.\u003c/p>\n\u003cp>However, in absolute terms, Apple will pay one of the richest dividends in the U.S. It will spend more than $10 billion on dividends in its first year, placing it just below companies including AT&T Inc. and Verizon Communications Inc., for whom the dividend is the main way of attracting investors.\u003c/p>\n\u003cp>Exxon Mobil Corp., the world's second largest company by market cap, pays about $9 billion in dividends annually.\u003c/p>\n\u003cp>The dividend opens up ownership of Apple shares to a wider range of funds, potentially boosting the stock price in the long term. Many ``value-oriented'' funds are not allowed to buy stocks that don't pay dividends\u003c/p>\n\u003cp>Apple said the $10 billion share buyback program will begin next fiscal year, which starts Sept. 30, and run for three years.\u003c/p>\n\u003cp>Buybacks are a popular alternative to dividends, since they reduce the number of shares outstanding. That means every remaining investor has title to a larger share of the company.\u003c/p>\n\u003cp>Cook said the main point of Apple's buyback is to offset the shares issued to reward the Cupertino, Calif., company's employees.\u003c/p>\n\u003cp>In morning trading, Apple shares rose $7.75, or 1.3 percent, to $593.32. Last week, the shares hit an all-time record of $600.01. The company is worth $555 billion.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The dividend and buyback announcement comes three days after the launch of Apple's latest iPad tablet in the U.S. and nine other countries. \u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Had it kept amassing cash and low-yielding securities, Apple could eventually have opened itself to legal challenge from shareholders, who could have argued that it was misusing their money.\u003c/p>\n\u003cp>Apple said Monday that it will pay a quarterly dividend of $2.65 per share, starting in its fiscal fourth quarter, which begins July 1.\u003c/p>\n\u003cp>The dividend works out to $10.60 annually, or 1.8 percent of the current stock price. That annual yield how much the company pays out in dividends compared to its stock price is below that of other big technology companies like Microsoft Corp., currently at 2.5 percent, and Hewlett-Packard Co., at 2 percent.\u003c/p>\n\u003cp>However, in absolute terms, Apple will pay one of the richest dividends in the U.S. It will spend more than $10 billion on dividends in its first year, placing it just below companies including AT&T Inc. and Verizon Communications Inc., for whom the dividend is the main way of attracting investors.\u003c/p>\n\u003cp>Exxon Mobil Corp., the world's second largest company by market cap, pays about $9 billion in dividends annually.\u003c/p>\n\u003cp>The dividend opens up ownership of Apple shares to a wider range of funds, potentially boosting the stock price in the long term. Many ``value-oriented'' funds are not allowed to buy stocks that don't pay dividends\u003c/p>\n\u003cp>Apple said the $10 billion share buyback program will begin next fiscal year, which starts Sept. 30, and run for three years.\u003c/p>\n\u003cp>Buybacks are a popular alternative to dividends, since they reduce the number of shares outstanding. That means every remaining investor has title to a larger share of the company.\u003c/p>\n\u003cp>Cook said the main point of Apple's buyback is to offset the shares issued to reward the Cupertino, Calif., company's employees.\u003c/p>\n\u003cp>In morning trading, Apple shares rose $7.75, or 1.3 percent, to $593.32. Last week, the shares hit an all-time record of $600.01. The company is worth $555 billion.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The dividend and buyback announcement comes three days after the launch of Apple's latest iPad tablet in the U.S. and nine other countries. \u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Mike Daisey Pushes Back in Blog Post ",
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"content": "\u003cfigure id=\"attachment_59753\" class=\"wp-caption alignright\" style=\"max-width: 128px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/mikedaisey.jpg\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/mikedaisey.jpg\" alt=\"\" title=\"mikedaisey\" width=\"128\" height=\"128\" class=\"size-full wp-image-59753\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Monologist Mike Daisey, from his web site\u003c/figcaption>\u003c/figure>\n\u003cp>Mike Daisey is pushing back today on the mesmerizing if excruciating 57 minutes of radio that was this weekend's \"This American Life\" show. The program, titled \"\u003ca href=\"http://www.thisamericanlife.org/play_full.php?play=460&podcast=1\">\u003cstrong>Retraction\u003c/strong>\u003c/a>,\" was an investigation and mea culpa regarding falsehoods in Daisey's monologue about abuses at Apple contractor Foxconn in China, which was broadcast on the show in January. The retraction included host Ira Glass confronting Daisey on what Glass characterized as lies in both the original program and correspondence with \"This American Life\" staff. \u003c/p>\n\u003cp>Here's Daisey's response today, \u003ca href=\"http://mikedaisey.blogspot.com/index.html\">\u003cstrong>\u003cstrong>posted on his web site\u003c/strong>\u003c/strong>\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>“Reports of my death have been greatly exaggerated.”\u003cbr>\n—another American monologist\u003c/p>\n\u003cp>Many consider this week’s THIS AMERICAN LIFE episode one of the most painful they’ve ever listened to. In particular the segment with me is excruciating—four hours of grilling edited down to fifteen minutes. I thought the dead air was a nice touch, and finishing the episode with audio pulled from my performance was masterful.\u003c/p>\n\u003cp>That’s Ira’s choice, and it’s his show. He’s a storyteller within the context of radio journalism, and I am a storyteller in the theater.\u003c/p>\n\u003caside class=\"pullquote alignleft\">Especially galling is how many are gleefully eager to dance on my grave expressly so they can return to ignoring everything about the circumstances under which their devices are made. \u003c/aside>\n\u003cp>In the last forty-eight hours I have been equated with Stephen Glass, James Frey, and Greg Mortenson. Given the tenor of the condemnation, you would think I had concocted an elaborate, fanciful universe filled with furnaces in which babies are burned to make iPhone components, or that I never went to China, never stood outside the gates of Foxconn, never pretended to be a businessman to get inside of factories, never spoke to any workers.\u003c/p>\n\u003cp>Especially galling is how many are gleefully eager to dance on my grave expressly so they can return to ignoring everything about the circumstances under which their devices are made. Given the tone, you would think I had fabulated an elaborate hoax, filled with astonishing horrors that no one had ever seen before.\u003c/p>\n\u003cp>Except that we all know that isn’t true.\u003c/p>\n\u003cp>There is nothing in this controversy that contests the facts in my work about the nature of Chinese manufacturing. Nothing. I think we all know if there was, Ira would have brought it up.\u003c/p>\n\u003cp>You certainly don’t need to listen to me. Read the New York Times reporting. Listen to the \u003ca href=\"http://www.npr.org/2012/03/12/148421415/apple-workers-plant-inspected-hours-before-blast\">NPR piece\u003c/a> that ran just last week in which workers at an iPad plant go on record saying the plant was inspected by Apple just hours before it exploded, and that the inspection lasted all of ten minutes.\u003c/p>\n\u003cp>If you think this story is bigger than that story, something is wrong with your priorities.\u003c/p>\n\u003cp>If people want to use me as an excuse to return to denialism about the state of our manufacturing, about the shape of our world, they are doing that to themselves.\u003c/p>\n\u003cp>To radio listeners: I apologized in this week’s episode to anyone who felt betrayed. I stand by that apology. But understand that if you felt something that connected you with where your devices come from—that is not a lie. That is art. That is human empathy, and it is real, and even if you curse my name I hope you’ll recognize that and continue reading, caring, and thinking.\u003c/p>\n\u003cp>To my audiences: It’s you that I owe the most to. I want you all to know that I will not go silent—I will be making a full accounting of this work, shining a light through this monologue and telling the story of its origins, construction, and details.\u003c/p>\n\u003cp>I believe the truth is vitally important. I continue to believe that. I believe that I will answer for the things I have done. I told Ira that story should always be subordinate to the truth, and I still believe that. Sometimes I fall short of that goal, but I will never stop trying to achieve it.\u003c/p>\u003c/blockquote>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_59753\" class=\"wp-caption alignright\" style=\"max-width: 128px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/mikedaisey.jpg\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/mikedaisey.jpg\" alt=\"\" title=\"mikedaisey\" width=\"128\" height=\"128\" class=\"size-full wp-image-59753\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Monologist Mike Daisey, from his web site\u003c/figcaption>\u003c/figure>\n\u003cp>Mike Daisey is pushing back today on the mesmerizing if excruciating 57 minutes of radio that was this weekend's \"This American Life\" show. The program, titled \"\u003ca href=\"http://www.thisamericanlife.org/play_full.php?play=460&podcast=1\">\u003cstrong>Retraction\u003c/strong>\u003c/a>,\" was an investigation and mea culpa regarding falsehoods in Daisey's monologue about abuses at Apple contractor Foxconn in China, which was broadcast on the show in January. The retraction included host Ira Glass confronting Daisey on what Glass characterized as lies in both the original program and correspondence with \"This American Life\" staff. \u003c/p>\n\u003cp>Here's Daisey's response today, \u003ca href=\"http://mikedaisey.blogspot.com/index.html\">\u003cstrong>\u003cstrong>posted on his web site\u003c/strong>\u003c/strong>\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>“Reports of my death have been greatly exaggerated.”\u003cbr>\n—another American monologist\u003c/p>\n\u003cp>Many consider this week’s THIS AMERICAN LIFE episode one of the most painful they’ve ever listened to. In particular the segment with me is excruciating—four hours of grilling edited down to fifteen minutes. I thought the dead air was a nice touch, and finishing the episode with audio pulled from my performance was masterful.\u003c/p>\n\u003cp>That’s Ira’s choice, and it’s his show. He’s a storyteller within the context of radio journalism, and I am a storyteller in the theater.\u003c/p>\n\u003caside class=\"pullquote alignleft\">Especially galling is how many are gleefully eager to dance on my grave expressly so they can return to ignoring everything about the circumstances under which their devices are made. \u003c/aside>\n\u003cp>In the last forty-eight hours I have been equated with Stephen Glass, James Frey, and Greg Mortenson. Given the tenor of the condemnation, you would think I had concocted an elaborate, fanciful universe filled with furnaces in which babies are burned to make iPhone components, or that I never went to China, never stood outside the gates of Foxconn, never pretended to be a businessman to get inside of factories, never spoke to any workers.\u003c/p>\n\u003cp>Especially galling is how many are gleefully eager to dance on my grave expressly so they can return to ignoring everything about the circumstances under which their devices are made. Given the tone, you would think I had fabulated an elaborate hoax, filled with astonishing horrors that no one had ever seen before.\u003c/p>\n\u003cp>Except that we all know that isn’t true.\u003c/p>\n\u003cp>There is nothing in this controversy that contests the facts in my work about the nature of Chinese manufacturing. Nothing. I think we all know if there was, Ira would have brought it up.\u003c/p>\n\u003cp>You certainly don’t need to listen to me. Read the New York Times reporting. Listen to the \u003ca href=\"http://www.npr.org/2012/03/12/148421415/apple-workers-plant-inspected-hours-before-blast\">NPR piece\u003c/a> that ran just last week in which workers at an iPad plant go on record saying the plant was inspected by Apple just hours before it exploded, and that the inspection lasted all of ten minutes.\u003c/p>\n\u003cp>If you think this story is bigger than that story, something is wrong with your priorities.\u003c/p>\n\u003cp>If people want to use me as an excuse to return to denialism about the state of our manufacturing, about the shape of our world, they are doing that to themselves.\u003c/p>\n\u003cp>To radio listeners: I apologized in this week’s episode to anyone who felt betrayed. I stand by that apology. But understand that if you felt something that connected you with where your devices come from—that is not a lie. That is art. That is human empathy, and it is real, and even if you curse my name I hope you’ll recognize that and continue reading, caring, and thinking.\u003c/p>\n\u003cp>To my audiences: It’s you that I owe the most to. I want you all to know that I will not go silent—I will be making a full accounting of this work, shining a light through this monologue and telling the story of its origins, construction, and details.\u003c/p>\n\u003cp>I believe the truth is vitally important. I continue to believe that. I believe that I will answer for the things I have done. I told Ira that story should always be subordinate to the truth, and I still believe that. Sometimes I fall short of that goal, but I will never stop trying to achieve it.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cp>In January, the radio show \"This American Life\" ran an excerpt from monologist Mike Daisey's show \"The Agony and the Ecstasy of Steve Jobs,\" but now it's retracted the segment after Rob Schmitz, a reporter for another radio show, \"Marketplace,\" discovered that many of Daisey's claims were false. The show includes a highly emotional interview with Daisey about the discrepancies.\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://www.thisamericanlife.org/radio-archives/episode/460/retraction\">\u003cstrong>Audio: \"This American Life\" retraction of the Mike Daisey show\u003c/strong>\u003c/a>.\u003c/li>\n\u003cli>\u003ca href=\"http://podcast.thisamericanlife.org/special/TAL_460_Retraction_Transcript.pdf\">\u003cstrong>Transcript of the show\u003c/strong>\u003c/a> (pdf)\u003c/li>\n\u003c/ul>\n\u003cp>KQED Radio 88.5 will also air the show at 12 p.m.\u003c/p>\n\u003cp>We've been covering the story -- more in these posts:\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://ww2.kqed.org/news/2012/03/16/this-american-life-retracts-mikes-daisey-story-of-foxconn-visit/\">'This American Life' Retracts Mike Daisey's Story of Visit to Apple Contractor Foxconn; Daisey's Response\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://ww2.kqed.org/news/2012/03/16/listen-to-marketplace-correspondant-and-ira-glass-confront-mike-daisey-about-monologue-discrepancies/\">Audio: 'Marketplace' Correspondent and Ira Glass Confront Mike Daisey on Monologue Discrepancies\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cp>\u003ca href=\"http://mikedaisey.com/Mike_Daisey_TATESJ_transcript.pdf\">The script of the entire \"Steve Jobs\" show\u003c/a> is available at Daisey's web site (pdf).\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cp>LOS ANGELES (AP) Four more tubes that carry radioactive water at a Southern California nuclear power plant failed pressure tests, bringing the number to seven and prompting new safety concerns, authorities disclosed.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cul>\n\u003cli>\u003ca href=\"http://sciencedude.ocregister.com/2012/03/16/troubled-san-onofre-reactor-tubes-fail-tests/169249/\">More reactor tubes fail; NRC team arrives Monday\u003c/a> (Orange County Register)\n\u003c/li>\u003cli>\u003ca href=\"http://www.utsandiego.com/news/2012/mar/15/nuclear-inspectors-descend-san-onofre/\">Nuclear inspectors descend on San Onofre\u003c/a> (San Diego Union-Tribune)\u003c/li>\n\u003c/ul>\n\u003c/aside>\n\u003cp>The four tubes failed Thursday at the San Onofre coastal plant in northern San Diego County, Southern California Edison announced. Three had failed Wednesday.\u003c/p>\n\u003cp>The utility shut down the plant's Unit 3 reactor and began testing samples from thousands of tubes in its steam generators on Jan. 31 after a leak was found. Traces of radiation escaped during the leak, but officials said there was no danger to workers or neighbors.\u003c/p>\n\u003cp>The Nuclear Regulatory Commission said Thursday it was sending a special team of inspectors to try to determine why the metal tubes, which were installed only a few years ago, have become frail enough to pose a risk of leaks.\u003c/p>\n\u003cp>``This is a significant issue,'' said NRC spokeswoman Lara Uselding. ``A tube rupture is really the concern.''\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Inside a steam generator, hot, pressurized water flowing through bundles of tubes heats non-radioactive water surrounding them. The resulting steam is used to turn turbines to make electricity. \u003c!--more-->\u003c/p>\n\u003cp>The tubes are one of the primary barriers between the radioactive and non-radioactive sides of the plant, according to the NRC. If a tube breaks, there is the potential that radioactivity from the system that pumps water through the reactor could escape into the atmosphere.\u003c/p>\n\u003cp>Serious leaks also can drain cooling water from a reactor, said David Lochbaum, director of the nuclear safety project for Union of Concerned Scientists.\u003cbr>\nAn Edison statement said the utility welcomes the NRC Augmented Inspection Team, which is expected to begin work Monday.\u003c/p>\n\u003cp>Investigators already have been looking into excessive wear on tubes in Unit 3 and its twin, Unit 2, which has been off line for maintenance and refueling. In a $670 million overhaul, two huge steam generators, each containing 9,700 tubes, were replaced in Unit 2 in fall 2009 and a year later in Unit 3.\u003c/p>\n\u003cp>A spokeswoman for the agency that operates the state's wholesale power system, the California Independent System Operator, said the San Diego and Los Angeles areas could see rotating power outages this summer if both reactors remain off line. The agency is taking steps to prevent those shortages.\u003c/p>\n\u003cp>``It's all about balancing supply and demand,'' said ISO spokeswoman Stephanie McCorkle. ``You have to have a certain amount of plant (power) generation where the heavily populated areas of California are.''\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The plant is owned by Edison, San Diego Gas & Electric and the City of Riverside. Southern California Edison serves nearly 14 million residents with electricity in Central and Southern California. \u003c/p>\n\n",
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"content": "\u003cp>The op-ed in yesterday's New York Times by 33-year-old Stanford grad Greg Smith titled \u003ca href=\"http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1&ref=business\">\u003cstrong>Why I Am Leaving Goldman Sachs\u003c/strong>\u003c/a> \"landed 'like a bomb,' inside Goldman, said one executive who spoke on the condition of anonymity,\" according to a front-page \u003ca href=\"http://dealbook.nytimes.com/2012/03/14/public-rebuke-of-culture-at-goldman-opens-debate/?hp\">article\u003c/a> in the paper today.\u003c/p>\n\u003cp>Here are the first two paragraphs from the op-ed:\u003c/p>\n\u003cblockquote>\u003cp>TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.\u003c/p>\n\u003cp>To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. Goldman Sachs is one of the world’s largest and most important investment banks and it is too integral to global finance to continue to act this way. The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for. \u003ca href=\"http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1&ref=business\">Full editorial\u003c/a>\n\u003c/p>\u003c/blockquote>\n\u003cp>This may be a somewhat more polite way of saying what Matt Taibbi did in the opening of his famous \u003ca href=\"http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405\">2010 Rolling Stone article\u003c/a>, which made Goldman the poster child for anger around the financial crisis and government bailout of the big banks:\u003c/p>\n\u003cblockquote>\u003cp>The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.\n\u003c/p>\u003c/blockquote>\n\u003cp>Here's a \u003ca href=\"http://video.msnbc.msn.com/the-daily-rundown/46746612/#46746612\">discussion from MSNBC\u003c/a>:\u003c/p>\n\u003cdiv style=\"text-align: center\">\u003cobject width=\"420\" height=\"245\" id=\"msnbcbea56\">\u003cparam name=\"movie\" value=\"http://www.msnbc.msn.com/id/32545640\">\u003cparam name=\"FlashVars\" value=\"launch=46746612&width=420&height=245\">\u003cparam name=\"allowScriptAccess\" value=\"always\">\u003cparam name=\"allowFullScreen\" value=\"true\">\u003cparam name=\"wmode\" value=\"transparent\">\u003cembed name=\"msnbcbea56\" src=\"http://www.msnbc.msn.com/id/32545640\" width=\"420\" height=\"245\" flashvars=\"launch=46746612&width=420&height=245\" allowscriptaccess=\"always\" allowfullscreen=\"true\" wmode=\"transparent\" type=\"application/x-shockwave-flash\" pluginspage=\"http://www.adobe.com/shockwave/download/download.cgi?P1_Prod_Version=ShockwaveFlash\">\u003c/embed>\u003c/object>\u003c/div>\n\u003cp>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003ca href=\"https://www.google.com/finance?client=ob&q=NYSE:GS\">Goldman shares\u003c/a> are up so far today, by the way.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>Related...\u003c/em>\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://online.wsj.com/article/SB10001424052702303863404577281980153702746.html?ru=yahoo&mod=yahoo_hs\">Greg Smith Might Just Make You Feel Sorry for Goldman\u003c/a> (Wall Street Journal)\u003c/li>\n\u003cli>\n\u003c/li>\u003cli>\u003ca href=\"http://www.politico.com/news/stories/0312/74059.html\">Blogs find proof in goldman op-ed\u003c/a> (Politico)\n\u003c/li>\u003c/ul>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>The op-ed in yesterday's New York Times by 33-year-old Stanford grad Greg Smith titled \u003ca href=\"http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1&ref=business\">\u003cstrong>Why I Am Leaving Goldman Sachs\u003c/strong>\u003c/a> \"landed 'like a bomb,' inside Goldman, said one executive who spoke on the condition of anonymity,\" according to a front-page \u003ca href=\"http://dealbook.nytimes.com/2012/03/14/public-rebuke-of-culture-at-goldman-opens-debate/?hp\">article\u003c/a> in the paper today.\u003c/p>\n\u003cp>Here are the first two paragraphs from the op-ed:\u003c/p>\n\u003cblockquote>\u003cp>TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.\u003c/p>\n\u003cp>To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. Goldman Sachs is one of the world’s largest and most important investment banks and it is too integral to global finance to continue to act this way. The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for. \u003ca href=\"http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1&ref=business\">Full editorial\u003c/a>\n\u003c/p>\u003c/blockquote>\n\u003cp>This may be a somewhat more polite way of saying what Matt Taibbi did in the opening of his famous \u003ca href=\"http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405\">2010 Rolling Stone article\u003c/a>, which made Goldman the poster child for anger around the financial crisis and government bailout of the big banks:\u003c/p>\n\u003cblockquote>\u003cp>The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.\n\u003c/p>\u003c/blockquote>\n\u003cp>Here's a \u003ca href=\"http://video.msnbc.msn.com/the-daily-rundown/46746612/#46746612\">discussion from MSNBC\u003c/a>:\u003c/p>\n\u003cdiv style=\"text-align: center\">\u003cobject width=\"420\" height=\"245\" id=\"msnbcbea56\">\u003cparam name=\"movie\" value=\"http://www.msnbc.msn.com/id/32545640\">\u003cparam name=\"FlashVars\" value=\"launch=46746612&width=420&height=245\">\u003cparam name=\"allowScriptAccess\" value=\"always\">\u003cparam name=\"allowFullScreen\" value=\"true\">\u003cparam name=\"wmode\" value=\"transparent\">\u003cembed name=\"msnbcbea56\" src=\"http://www.msnbc.msn.com/id/32545640\" width=\"420\" height=\"245\" flashvars=\"launch=46746612&width=420&height=245\" allowscriptaccess=\"always\" allowfullscreen=\"true\" wmode=\"transparent\" type=\"application/x-shockwave-flash\" pluginspage=\"http://www.adobe.com/shockwave/download/download.cgi?P1_Prod_Version=ShockwaveFlash\">\u003c/embed>\u003c/object>\u003c/div>\n\u003cp>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003ca href=\"https://www.google.com/finance?client=ob&q=NYSE:GS\">Goldman shares\u003c/a> are up so far today, by the way.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>Related...\u003c/em>\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://online.wsj.com/article/SB10001424052702303863404577281980153702746.html?ru=yahoo&mod=yahoo_hs\">Greg Smith Might Just Make You Feel Sorry for Goldman\u003c/a> (Wall Street Journal)\u003c/li>\n\u003cli>\n\u003c/li>\u003cli>\u003ca href=\"http://www.politico.com/news/stories/0312/74059.html\">Blogs find proof in goldman op-ed\u003c/a> (Politico)\n\u003c/li>\u003c/ul>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>After more than a year of negotiations, the \u003ca href=\"http://ww2.kqed.org/news/2012/02/09/kamala-harris-mortgage-settlement/\">settlement\u003c/a> between state attorneys general and the biggest banks that service mortgages has been filed in federal court. The $26 billion deal, which was announced with much fanfare last month, requires five banks to reduce by $10 billion the principal that borrowers owe on underwater homes -- properties worth less than what's owed on the mortgage.\u003c/p>\n\u003cfigure id=\"attachment_59227\" class=\"wp-caption alignleft\" style=\"max-width: 225px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/wellsfargoOccupySFoct2011lancour.jpg\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/wellsfargoOccupySFoct2011lancour-300x225.jpg\" alt=\"\" title=\"wellsfargoOccupySFoct2011lancour\" width=\"225\" height=\"169\" class=\"size-medium wp-image-59227\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Occupy San Francisco demonstration, Oct 2011 (Paul Lancour/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>It’s the largest settlement involving a single industry since the 1990s multistate suit against tobacco companies, and the Justice Department has advertised it as “the largest federal-state civil settlement ever obtained.” \u003c/p>\n\u003cp>Last year California Attorney General Kamala Harris temporarily pulled out of negotiations. In February, she said the original \"offer on the table was simply inadequate and insufficient.” Touting the final settlement, she said “we were very determined to make sure that California, the hardest hit in the country, would receive its fair share.” The state has seven of the nation’s 10 hardest-hit cities. The final deal should deliver $18 billion to the state’s homeowners over three years. \u003c/p>\n\u003cp>But, some critics say, the big deal is really not so big, relative to the problem it attempts to address.\u003c/p>\n\u003cp>“Certainly this isn't going to have a huge impact on that aggregate level,” says Ted Gayer, senior fellow at the Brookings Institution. “I don't know that it was meant to.\" Relying on different government and industry sources, Gayer estimates that of 11.1 million underwater borrowers, only a half-million are eligible. (See \u003ca href=\"http://www.brookings.edu/opinions/2012/0301_mortgage_agreement_gayer.aspx\">this chart for Gayer's analyis of what type of borrowers will qualify for help under the settlement\u003c/a>.)\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>He describes the settlement as a sort of bookkeeping exercise for the banks. “They've known all along that these [loans] aren't worth their face value. And so now they're acknowledging it.”\u003c/p>\n\u003cp>Five banks are part of the settlement – Ally Financial, Bank of America, Citigroup, JP Morgan Chase, and Wells Fargo. According to Jed Kolko, a senior economist at the online real estate company Tulia, those banks have much to gain from coming to terms.\u003c/p>\n\u003cp>“Banks always want certainty, and this settlement gives them certainty.” \u003c/p>\n\u003cp>The robo-signing scandal –- in which mortgage industry employees didn’t read documents they signed and used forged signatures on them –- prompted the government action. This deal closes the door on certain lawsuits associated with that scandal.\u003c/p>\n\u003cp>During the negotiations, banks had to halt many foreclosures; Kolko forecasts they will now spike.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>As previously announced, loans held by government-controlled Fannie Mae or Freddie Mac -- about half of all existing loans underwater -- will not qualify for principal writedowns.\u003c/p>\n\n",
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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/pgelogo.gif\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/pgelogo.gif\" alt=\"\" title=\"pgelogo\" width=\"68\" height=\"76\" class=\"alignright size-full wp-image-59141\">\u003c/a>SAN FRANCISCO (AP) Pacific Gas & Electric Co. has agreed to pay $70 million in restitution for the California pipeline explosion that killed eight people in 2010.\u003c/p>\n\u003cp>PG&E and the city of San Bruno announced the settlement Monday in a joint statement. They say the money will be used to establish a nonprofit organization to help the community recover from the Sept. 9, 2010, blast that also destroyed 38 homes.\u003c/p>\n\u003cp>The San Francisco-based utility previously set up a $100 million fund to support emergency needs in the aftermath of the explosion that destroyed more than three dozen homes in the San Francisco suburb. \u003c/p>\n\u003cp>The City of San Bruno is holding a press conference at 10:45 a.m. to discuss the deal.\u003c/p>\n\u003cp>Here's the \u003ca href=\"http://www.pgecurrents.com/2012/03/12/settlement-with-san-bruno-continues-pges-pledge-to-help-city-rebuild-heal/\">PG&E statement\u003c/a>, which includes these details:\u003c/p>\n\u003cblockquote>\n\u003cp>The money will enable San Bruno to establish a not-for-profit public purpose entity to manage the funds and determine how they should be spent for the benefit of the community.\u003c/p>\n\u003cp>The utility will not seek to recover the contribution through insurance or customer rates.\u003c/p>\n\u003cp>This agreement is in addition to PG&E’s commitment to fund replacement and repair of the city’s infrastructure and other costs related to the accident and restore the neighborhood.\u003c/p>\n\u003cp>PG&E also continues to provide assistance directly to those who lost loved ones and homes as a result of the accident. As PG&E has since the night of the accident, the company is committed to meeting the needs of these families and individuals.\u003c/p>\n\u003cp>“We will continue to work with the victims and the community as a whole to address their needs,” Johns said.\u003c/p>\u003c/blockquote>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"airtime": "FRI 4:30pm-5pm, 6:30pm-7pm, 11pm-11:30pm",
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"officialWebsiteLink": "/californiareportmagazine",
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"order": 10
},
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM3NjkwNjk1OTAz",
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},
"city-arts": {
"id": "city-arts",
"title": "City Arts & Lectures",
"info": "A one-hour radio program to hear celebrated writers, artists and thinkers address contemporary ideas and values, often discussing the creative process. Please note: tapes or transcripts are not available",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/05/cityartsandlecture-300x300.jpg",
"officialWebsiteLink": "https://www.cityarts.net/",
"airtime": "SUN 1pm-2pm, TUE 10pm, WED 1am",
"meta": {
"site": "news",
"source": "City Arts & Lectures"
},
"link": "https://www.cityarts.net",
"subscribe": {
"tuneIn": "https://tunein.com/radio/City-Arts-and-Lectures-p692/",
"rss": "https://www.cityarts.net/feed/"
}
},
"closealltabs": {
"id": "closealltabs",
"title": "Close All Tabs",
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"info": "Close All Tabs breaks down how digital culture shapes our world through thoughtful insights and irreverent humor.",
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"officialWebsiteLink": "/podcasts/closealltabs",
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"order": 1
},
"link": "/podcasts/closealltabs",
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"title": "Code Switch / Life Kit",
"info": "\u003cem>Code Switch\u003c/em>, which listeners will hear in the first part of the hour, has fearless and much-needed conversations about race. Hosted by journalists of color, the show tackles the subject of race head-on, exploring how it impacts every part of society — from politics and pop culture to history, sports and more.\u003cbr />\u003cbr />\u003cem>Life Kit\u003c/em>, which will be in the second part of the hour, guides you through spaces and feelings no one prepares you for — from finances to mental health, from workplace microaggressions to imposter syndrome, from relationships to parenting. The show features experts with real world experience and shares their knowledge. Because everyone needs a little help being human.\u003cbr />\u003cbr />\u003ca href=\"https://www.npr.org/podcasts/510312/codeswitch\">\u003cem>Code Switch\u003c/em> offical site and podcast\u003c/a>\u003cbr />\u003ca href=\"https://www.npr.org/lifekit\">\u003cem>Life Kit\u003c/em> offical site and podcast\u003c/a>\u003cbr />",
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"meta": {
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly93d3cubnByLm9yZy9yc3MvcG9kY2FzdC5waHA_aWQ9NTEwMzEy",
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"id": "commonwealth-club",
"title": "Commonwealth Club of California Podcast",
"info": "The Commonwealth Club of California is the nation's oldest and largest public affairs forum. As a non-partisan forum, The Club brings to the public airwaves diverse viewpoints on important topics. The Club's weekly radio broadcast - the oldest in the U.S., dating back to 1924 - is carried across the nation on public radio stations and is now podcasting. Our website archive features audio of our recent programs, as well as selected speeches from our long and distinguished history. This podcast feed is usually updated twice a week and is always un-edited.",
"airtime": "THU 10pm, FRI 1am",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Commonwealth-Club-Podcast-Tile-360x360-1.jpg",
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"meta": {
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"source": "Commonwealth Club of California"
},
"link": "/radio/program/commonwealth-club",
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"google": "https://podcasts.google.com/feed/aHR0cDovL3d3dy5jb21tb253ZWFsdGhjbHViLm9yZy9hdWRpby9wb2RjYXN0L3dlZWtseS54bWw",
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}
},
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"id": "forum",
"title": "Forum",
"tagline": "The conversation starts here",
"info": "KQED’s live call-in program discussing local, state, national and international issues, as well as in-depth interviews.",
"airtime": "MON-FRI 9am-11am, 10pm-11pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Forum-Podcast-Tile-703x703-1.jpg",
"imageAlt": "KQED Forum with Mina Kim and Alexis Madrigal",
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"source": "kqed",
"order": 9
},
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM5NTU3MzgxNjMz",
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"id": "freakonomics-radio",
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"info": "Freakonomics Radio is a one-hour award-winning podcast and public-radio project hosted by Stephen Dubner, with co-author Steve Levitt as a regular guest. It is produced in partnership with WNYC.",
"imageSrc": "https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/05/freakonomicsRadio.png",
"officialWebsiteLink": "http://freakonomics.com/",
"airtime": "SUN 1am-2am, SAT 3pm-4pm",
"meta": {
"site": "radio",
"source": "WNYC"
},
"link": "/radio/program/freakonomics-radio",
"subscribe": {
"npr": "https://rpb3r.app.goo.gl/4s8b",
"apple": "https://itunes.apple.com/us/podcast/freakonomics-radio/id354668519",
"tuneIn": "https://tunein.com/podcasts/WNYC-Podcasts/Freakonomics-Radio-p272293/",
"rss": "https://feeds.feedburner.com/freakonomicsradio"
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},
"fresh-air": {
"id": "fresh-air",
"title": "Fresh Air",
"info": "Hosted by Terry Gross, \u003cem>Fresh Air from WHYY\u003c/em> is the Peabody Award-winning weekday magazine of contemporary arts and issues. One of public radio's most popular programs, Fresh Air features intimate conversations with today's biggest luminaries.",
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"link": "/radio/program/fresh-air",
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"apple": "https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?s=143441&mt=2&id=214089682&at=11l79Y&ct=nprdirectory",
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"rss": "https://feeds.npr.org/381444908/podcast.xml"
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"info": "A live production of NPR and WBUR Boston, in collaboration with stations across the country, Here & Now reflects the fluid world of news as it's happening in the middle of the day, with timely, in-depth news, interviews and conversation. Hosted by Robin Young, Jeremy Hobson and Tonya Mosley.",
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"rss": "https://feeds.npr.org/510051/podcast.xml"
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},
"hidden-brain": {
"id": "hidden-brain",
"title": "Hidden Brain",
"info": "Shankar Vedantam uses science and storytelling to reveal the unconscious patterns that drive human behavior, shape our choices and direct our relationships.",
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"officialWebsiteLink": "https://www.npr.org/series/423302056/hidden-brain",
"airtime": "SUN 7pm-8pm",
"meta": {
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"source": "NPR"
},
"link": "/radio/program/hidden-brain",
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},
"how-i-built-this": {
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"title": "How I Built This with Guy Raz",
"info": "Guy Raz dives into the stories behind some of the world's best known companies. How I Built This weaves a narrative journey about innovators, entrepreneurs and idealists—and the movements they built.",
"imageSrc": "https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/05/howIBuiltThis.png",
"officialWebsiteLink": "https://www.npr.org/podcasts/510313/how-i-built-this",
"airtime": "SUN 7:30pm-8pm",
"meta": {
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"source": "npr"
},
"link": "/radio/program/how-i-built-this",
"subscribe": {
"npr": "https://rpb3r.app.goo.gl/3zxy",
"apple": "https://itunes.apple.com/us/podcast/how-i-built-this-with-guy-raz/id1150510297?mt=2",
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"rss": "https://feeds.npr.org/510313/podcast.xml"
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},
"hyphenacion": {
"id": "hyphenacion",
"title": "Hyphenación",
"tagline": "Where conversation and cultura meet",
"info": "What kind of no sabo word is Hyphenación? For us, it’s about living within a hyphenation. Like being a third-gen Mexican-American from the Texas border now living that Bay Area Chicano life. Like Xorje! Each week we bring together a couple of hyphenated Latinos to talk all about personal life choices: family, careers, relationships, belonging … everything is on the table. ",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2025/03/Hyphenacion_FinalAssets_PodcastTile.png",
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"officialWebsiteLink": "/podcasts/hyphenacion",
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"order": 15
},
"link": "/podcasts/hyphenacion",
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"spotify": "https://open.spotify.com/show/2p3Fifq96nw9BPcmFdIq0o?si=39209f7b25774f38",
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},
"jerrybrown": {
"id": "jerrybrown",
"title": "The Political Mind of Jerry Brown",
"tagline": "Lessons from a lifetime in politics",
"info": "The Political Mind of Jerry Brown brings listeners the wisdom of the former Governor, Mayor, and presidential candidate. Scott Shafer interviewed Brown for more than 40 hours, covering the former governor's life and half-century in the political game – and Brown has some lessons he'd like to share. ",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/The-Political-Mind-of-Jerry-Brown-Podcast-Tile-703x703-1.jpg",
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"officialWebsiteLink": "/podcasts/jerrybrown",
"meta": {
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"source": "kqed",
"order": 18
},
"link": "/podcasts/jerrybrown",
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}
},
"latino-usa": {
"id": "latino-usa",
"title": "Latino USA",
"airtime": "MON 1am-2am, SUN 6pm-7pm",
"info": "Latino USA, the radio journal of news and culture, is the only national, English-language radio program produced from a Latino perspective.",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/latinoUsa.jpg",
"officialWebsiteLink": "http://latinousa.org/",
"meta": {
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},
"link": "/radio/program/latino-usa",
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"apple": "https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?s=143441&mt=2&id=79681317&at=11l79Y&ct=nprdirectory",
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"rss": "https://feeds.npr.org/510016/podcast.xml"
}
},
"marketplace": {
"id": "marketplace",
"title": "Marketplace",
"info": "Our flagship program, helmed by Kai Ryssdal, examines what the day in money delivered, through stories, conversations, newsworthy numbers and more. Updated Monday through Friday at about 3:30 p.m. PT.",
"airtime": "MON-FRI 4pm-4:30pm, MON-WED 6:30pm-7pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Marketplace-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://www.marketplace.org/",
"meta": {
"site": "news",
"source": "American Public Media"
},
"link": "/radio/program/marketplace",
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"rss": "https://feeds.publicradio.org/public_feeds/marketplace-pm/rss/rss"
}
},
"masters-of-scale": {
"id": "masters-of-scale",
"title": "Masters of Scale",
"info": "Masters of Scale is an original podcast in which LinkedIn co-founder and Greylock Partner Reid Hoffman sets out to describe and prove theories that explain how great entrepreneurs take their companies from zero to a gazillion in ingenious fashion.",
"airtime": "Every other Wednesday June 12 through October 16 at 8pm (repeats Thursdays at 2am)",
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"officialWebsiteLink": "https://mastersofscale.com/",
"meta": {
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"source": "WaitWhat"
},
"link": "/radio/program/masters-of-scale",
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"apple": "http://mastersofscale.app.link/",
"rss": "https://rss.art19.com/masters-of-scale"
}
},
"mindshift": {
"id": "mindshift",
"title": "MindShift",
"tagline": "A podcast about the future of learning and how we raise our kids",
"info": "The MindShift podcast explores the innovations in education that are shaping how kids learn. Hosts Ki Sung and Katrina Schwartz introduce listeners to educators, researchers, parents and students who are developing effective ways to improve how kids learn. We cover topics like how fed-up administrators are developing surprising tactics to deal with classroom disruptions; how listening to podcasts are helping kids develop reading skills; the consequences of overparenting; and why interdisciplinary learning can engage students on all ends of the traditional achievement spectrum. This podcast is part of the MindShift education site, a division of KQED News. KQED is an NPR/PBS member station based in San Francisco. You can also visit the MindShift website for episodes and supplemental blog posts or tweet us \u003ca href=\"https://twitter.com/MindShiftKQED\">@MindShiftKQED\u003c/a> or visit us at \u003ca href=\"/mindshift\">MindShift.KQED.org\u003c/a>",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Mindshift-Podcast-Tile-703x703-1.jpg",
"imageAlt": "KQED MindShift: How We Will Learn",
"officialWebsiteLink": "/mindshift/",
"meta": {
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"source": "kqed",
"order": 12
},
"link": "/podcasts/mindshift",
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM1NzY0NjAwNDI5",
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"stitcher": "https://www.stitcher.com/podcast/kqed/stories-teachers-share",
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}
},
"morning-edition": {
"id": "morning-edition",
"title": "Morning Edition",
"info": "\u003cem>Morning Edition\u003c/em> takes listeners around the country and the world with multi-faceted stories and commentaries every weekday. Hosts Steve Inskeep, David Greene and Rachel Martin bring you the latest breaking news and features to prepare you for the day.",
"airtime": "MON-FRI 3am-9am",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Morning-Edition-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://www.npr.org/programs/morning-edition/",
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"link": "/radio/program/morning-edition"
},
"onourwatch": {
"id": "onourwatch",
"title": "On Our Watch",
"tagline": "Deeply-reported investigative journalism",
"info": "For decades, the process for how police police themselves has been inconsistent – if not opaque. In some states, like California, these proceedings were completely hidden. After a new police transparency law unsealed scores of internal affairs files, our reporters set out to examine these cases and the shadow world of police discipline. On Our Watch brings listeners into the rooms where officers are questioned and witnesses are interrogated to find out who this system is really protecting. Is it the officers, or the public they've sworn to serve?",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/On-Our-Watch-Podcast-Tile-703x703-1.jpg",
"imageAlt": "On Our Watch from NPR and KQED",
"officialWebsiteLink": "/podcasts/onourwatch",
"meta": {
"site": "news",
"source": "kqed",
"order": 11
},
"link": "/podcasts/onourwatch",
"subscribe": {
"apple": "https://podcasts.apple.com/podcast/id1567098962",
"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5ucHIub3JnLzUxMDM2MC9wb2RjYXN0LnhtbD9zYz1nb29nbGVwb2RjYXN0cw",
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"rss": "https://feeds.npr.org/510360/podcast.xml"
}
},
"on-the-media": {
"id": "on-the-media",
"title": "On The Media",
"info": "Our weekly podcast explores how the media 'sausage' is made, casts an incisive eye on fluctuations in the marketplace of ideas, and examines threats to the freedom of information and expression in America and abroad. For one hour a week, the show tries to lift the veil from the process of \"making media,\" especially news media, because it's through that lens that we see the world and the world sees us",
"airtime": "SUN 2pm-3pm, MON 12am-1am",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/onTheMedia.png",
"officialWebsiteLink": "https://www.wnycstudios.org/shows/otm",
"meta": {
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"source": "wnyc"
},
"link": "/radio/program/on-the-media",
"subscribe": {
"apple": "https://itunes.apple.com/us/podcast/on-the-media/id73330715?mt=2",
"tuneIn": "https://tunein.com/radio/On-the-Media-p69/",
"rss": "http://feeds.wnyc.org/onthemedia"
}
},
"pbs-newshour": {
"id": "pbs-newshour",
"title": "PBS NewsHour",
"info": "Analysis, background reports and updates from the PBS NewsHour putting today's news in context.",
"airtime": "MON-FRI 3pm-4pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/PBS-News-Hour-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://www.pbs.org/newshour/",
"meta": {
"site": "news",
"source": "pbs"
},
"link": "/radio/program/pbs-newshour",
"subscribe": {
"apple": "https://itunes.apple.com/us/podcast/pbs-newshour-full-show/id394432287?mt=2",
"tuneIn": "https://tunein.com/radio/PBS-NewsHour---Full-Show-p425698/",
"rss": "https://www.pbs.org/newshour/feeds/rss/podcasts/show"
}
},
"perspectives": {
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