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Oakland Partnership: Oakland Economy Can Improve

More at Inside Bay Area : “OAKLAND — Business and civic leaders tried to sound a hopeful message Friday as they met to take stock of Oakland's economy in the midst of a national financial crisis. Their meeting at the Oakland Marriott marked the second anniversary of the creation of a public-private initiative called the Oakland Partnership, designed to attract 10,000 jobs to Oakland over a five-year period. Mayor Ron Dellums joined others in saying the partnership has seen success despite the economic doom and gloom, and that the Obama administration's stimulus package could give Oakland a significant boost.”

Senator Barbara Boxer On The Oakland A's at Fundraiser: "I Live In Oakland"

On the way to a fundraiser for Senator Barbara Boxer on Sunday (March 15th 2009), I walked into the Four Seasons Residences on Market Street and boarded an elevator that was already to be occupied by two women just eight steps ahead of me, with their backs to me.  When I boarded the elevator they both turned in conversation, the one closest to me was the person-of-the-hour, Senator Barbara Boxer. Always gracious, Senator Boxer shook my hand, then after a few seconds on the elevator I asked her if she was "going to get involved in keeping the A's in Oakland."  She immediate said "You know, I live in Oakland, and that's important to me."  Boxer stopped short of stating what her action would be, but that response was all I needed to know that it's on her radar screen, and it doesn't spell good news for Lew Wolff because the rest of our talk consisted of me calmly but in cold detail explaining to her how Wolff had treated Oakland with great disrespect, m

Oakland Tribune Owner MediaNews Group Ranked "Risky Debtor"

Is the Oakland Tribune not far behind the SF Chronicle in lifespan ?  If this report by Editor and Publisher is to be believed:  Moody's Investors Service, the big credit rating agency, on Tuesday launched a new database and quarterly report of companies in the most serious danger of default -- and four newspaper companies are among those on the "Bottom Rung." Each of the four -- Freedom Communications, GateHouse Media Inc. MediaNews Group Inc. and Morris Publishing Group Inc. -- has a "probability of default" ratings that indicate they are at "substantial risk" of missing repayments if a so-called default event is triggered. On average there's about a 25% chance a company given those ratings will default within a year, going into bankruptcy or some other remedy. That means there's a one-quarter chance the Oakland Tribune could stop printing in the near future.  

California Sen. Dennis Hollingsworth, CA lawmakers use campaign contributions for lavish lifestyles

More at Inside Bay Area : “SACRAMENTO — Some California lawmakers haven't let the state's financial calamity keep them from enjoying the good life; they've been using campaign cash for first-class travel abroad, expensive dinners, salon makeovers and visits to luxurious spas. Spending reports filed with the state covering the last three months show: Several lawmakers checked into the Fairmont Hotel on Maui in Hawaii on donors' dimes two days after the start of an emergency session on the budget in November. The lead state senator on budget issues joined colleagues who left the fiscal crisis behind to go to India, where they toured the Taj Mahal and stayed in the Four Seasons and other luxury hotels. The former state Senate leader used campaign donations to pay $2,163 in membership fees to an exclusive Northern California social club.” -- And this explains why our policies seem out of step with the times: the lawmakers don't feel the pain so there's no univers

Zennie Abraham Takes On CNN's Ali Velshi On Economic Stimulus

For me this was a ton of fun to do. But it's even better when someone takes time to let folks know you did a great job. Such was the case with the CNN iReport and CNN.com, who contacted me regarding my question for CNN's Ali Velshi on what he thought of giving $3,500 to each American taxpayer under $100,000. Here's the video: Embedded video from CNN Video This is what CNN iReport's Rachel8 wrote : Would you go head-to-head with CNN's top economic expert on an economic stimulus plan? How about live on the air? Fearless iReport superstar Zennie Abraham did. After submitting an iReport suggesting a taxpayer stimulus package, he discussed his plan with CNN chief business correspondent Ali Velshi on CNN.com/live. Velshi said the plan -- which calls for a $3,500 stimulus check to those making less than $100,000 a year -- was not targeted enough to work. But Zennie courageously defended his idea. "I disagree, with all due respect," he said to Vels

Oakland Tribune Owner MediaNews Group In Trouble - San Francisco Business Times:

More at San Francisco Business Times: : “Moody's Investors Services on Thursday rated MediaNews Group Inc. -- owner of 29 newspapers in Northern California -- as being in “substantial risk” of default on its debt. Denver-based MediaNews owns the Oakland Tribune, the Contra Costa Times, the Argus in Fremont, and the San Jose Mercury News, among other local papers. The ratings service downgraded its “corporate family rating” of the privately held media company to Caa3 from B3 on $962 million in debt. It also lowered its “probability of default” rating to Caa3 from Caa1.” -- And the Trib's plan to charge money to online readers for content access is not going to stop this slide.

David Cohen Latest Bay Area News Layoff Victim - Editor and Publisher

More at Editor and Publisher : “CHICAGO David Cohen founded the newspaper group in California that became Silicon Valley Community Newspapers (SVCN), and became its principal owner and CEO when it was spun off as a separate group. It grew from six to 11 weeklies. When Cohen sold SVCN to Knight Ridder, he stayed on as group publisher and retained the position when the weeklies ended up with MediaNews Group as part of its acquisition of the San Jose Mercury News. But now Cohen joins the large ranks of newspaper veterans laid off by the brutal industry economy. In a literal exit interview with his newspaper, the publisher told reporter Dale Bryant he understood the move. ”