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...California lawmakers again fail to reach agreement on a budget. As California engages in a budget battle that has left the government of the world's eighth largest economy slipping toward insolvency, Republican Governor Arnold Schwarzenegger and the Democratic legislative majority continue to search for one last Republican vote to pass a budget. But the complex negotiations hit a snag Wednesday when Republican state senators ousted their leader, Senator Dave Cogdill, who had dared to agree to a plan involving a tax hike, and replaced him with a staunch antitaxer. To avoid a collapse of state finances, legislators are attempting...
...shareholders. One institutional investor, who spoke to TIME on condition of anonymity, says it's "up to Rio to convince us that this does not transfer key pricing power over a key commodity to a big customer. They need to make that case or I'm not inclined to vote for the deal" when it comes up for approval...
Beginning in mid-April, alumni will be able to vote for five new Overseers to serve six-year terms on the 30-member board. An additional Overseer will be chosen to finish out the term of Arne S. Duncan ’86, who has joined President Barack Obama’s administration as Secretary of Education. The results of the election will be announced at this year’s June 4 Commencement ceremony...
...amendment to strike funding the brochure. Hysen said that funding the brochure would set a precedent that the UC was willing to fund projects when The College should be paying for them. Doug R. Lloyd ’09, the UC’s secretary and the sole dissenting vote on the bill, voiced his belief that the expenditure had not been thoroughly thought out. “I’m concerned we’ve moved through this process way too quickly,” he said. “I just don’t want...
...There has yet to be any reaction from the State Department but, before the vote, the State said simply that the referendum was an internal matter for the Venezuelans to decide upon. Despite declaring during his campaign last year that he'd be willing to meet with Chávez, U.S. President Barack Obama in a recent interview was critical of the Venezuelan and his stridently anti-U.S. stance. Washington will now watch to see if Chávez, who controls the western hemisphere's largest oil reserves, can retain his boisterous influence in the Americas - and survive politically...