Word: california
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Dates: during 2000-2009
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...beneficiary to the trust and guardian of the three children. But they won't see their inheritance, if any, until the debt issues are resolved. "You have to pay your creditors before you can pay your children," says Robert Rasmussen, who teaches contract law at the University of Southern California. "That...
...Michael rumor mill: that Jackson dermatologist Arnold Klein is the father of two of the children, that Rowe was only the surrogate mother of those kids. Even if any of this is true, says Scott Altman, a law professor at USC, "that's probably going to be irrelevant. In California, a child born during a marriage is strongly presumed to be the child of the husband and the wife. And if Rowe has been visiting pretty regularly - if they think of her as a mother and have an ongoing personal, intimate relationship with her - then she could probably succeed...
With budget negotiations stalled, a cash crisis looming and its fiscal crisis deepening, California today will begin issuing IOUs - formally called registered warrants - to tens of thousands of businesses and individuals to whom the state owes money. Gov. Arnold Schwarzenegger on Wednesday declared a fiscal emergency and ordered a third unpaid furlough day each month for 235,000 state employees. California's fiscal crisis has been years in the making and will not be easy to fix. But is there a solution...
...Sacramento, which rises like the city of Oz on the flat plains of the California's Central Valley, Schwarzenegger has not underplayed the gory details. "Our wallet is empty, our bank is closed. Our credit is dried up," he says. But the crisis has not helped bind up the gaping political divisions over what to do about it. Democratic lawmakers have proposed cutting billions of dollars from the state's safety net and educational system to balance the budget. Governor Schwarzenegger says the cuts must go even deeper and joins legislative Republicans in refusing to raise taxes. On Wednesday, Schwarzenegger...
Conservatives view the budget crisis as an opportunity to slash California's spending back to the level it had reached 10 years ago. "Gross overspending and fiscal irresponsibility will not be tolerated by the people of California," says Senate Republican Leader Dennis Hollingsworth. Liberals, however, see this as an attack by the right on the public infrastructure that helped make California an economic giant, and an act of war against the poor and minority populations in particular...