Hiển thị các bài đăng có nhãn California. Hiển thị tất cả bài đăng
Hiển thị các bài đăng có nhãn California. Hiển thị tất cả bài đăng

Thứ Hai, 1 tháng 4, 2013

California city enters bankruptcy

An aging sign is seen at Stockton City Hall 27 June 2012Stockton's unemployment and violent crime rates now rank among the top in the nation.

A judge has approved the California city of Stockton's bankruptcy filing, making it the most populous US city ever to enter bankruptcy protection.

A federal judge said without bankruptcy protection, Stockton would be unable to provide basic government services.

The city of 290,000, 90 miles (144km) east of San Francisco, saw its tax base plummet in the US housing market crash.

The ruling grants Stockton protection from creditors - who opposed the filing - while it negotiates debt repayment.

Stockton's creditors - bond insurers who had financed the city's debt - argued the city had not cut spending enough nor sought a tax increase to avoid bankruptcy.

But lawyers for the city said it had slashed its budget to the bone after a 70% decline in the city's tax base.

"There's nothing to celebrate about bankruptcy,'' said Bob Deis, Stockton's city manager.

The California city first filed for bankruptcy in June 2012 after failing to come to an agreement with its creditors.

Stockton slashed its police force even as crime rates have soared

During the housing boom, the city developed its waterfront, with a new marina and sports complex, and negotiated generous pension and healthcare benefits for city employees.

But when the US house market crashed beginning in 2008, the city's revenue sank when a rush of home foreclosures caused a dip in property taxes and developer fees.

Officials were forced to make dramatic spending cuts to patch a budget deficit - roughly $26m (£17m) this year. The city eliminated a quarter of its police officers, one third of the fire department staff and 40% of all other employees. It also cut wages and medical benefits.

Stockton's unemployment and violent crime rates now rank among the worst in the nation.

The city's case was being watched closely by other struggling US cities and towns that may also seek bankruptcy protection.

Stockton's largest debt is $900m owed to the California Public Employees' Retirement System to cover pension promises. The city has kept up with pension payments at the expense of other debt, arguing it needs a strong pension plan to retain its workforce.


View the original article here

Thứ Hai, 11 tháng 3, 2013

California earthquake packed unusually wide punch, experts say - Los Angeles Times

Geocoded MapMonday morning's magnitude 4.7 earthquake in Riverside County was the largest temblor to hit the Los Angeles region in three years and has produced more than 100 aftershocks.
It caused no major damage, but it was felt over what seismologists said was an unusually large area.

The quake was initially recorded as three separate quakes because a foreshock tricked seismographs into recording multiple quakes of multiple sizes, said Susan Hough, a USGS seismologist.

Earthquakes of a 4.7 magnitude are typically only felt about 120 miles away from the epicenter, but Monday morning's quake traveled farther, shaking coffee cups as far as Los Angeles.

That's because the quake occurred in the San Jacinto Mountains, which are composed of hard granite rock that transmits energy more efficiently, Hough said.

The quake occurred along the San Jacinto Fault Zone, which runs through San Bernardino, San Diego, Riverside and Imperial counties roughly parallel to the San Andreas Fault. It's one of three fault zones that absorb friction from the motion of the North American continent and the Pacific plates rubbing against each other.

“It's capable of generating moderate to large earthquakes,” said USGS seismologist Robert Graves. “Today's activity was not out of the ordinary. Actually, it's pretty typical of the area.”

There is some evidence that the largest quake ever recorded in the fault zone, a magnitude 7, occurred sometime in the early 1800s, Graves said.

The fault zone has generated eight earthquakes of magnitude 6 or larger in the last century, Graves said. About five earthquakes of similar size have occurred within 20 kilometers of the area within the last 20 years, he said.

The most recent large earthquake in the fault zone occurred in 1968. The magnitude 6.5 Borrego Mountain earthquake severed power lines in San Diego County, cracked plaster in Los Angeles and rocked boats docked in Long Beach for five minutes, according to Caltech's website.

That quake struck just a few miles to the south of today's.

“It's a good idea to take it to heart and make sure you're prepared,” Graves said. “We live in Southern California, and we have lots of active faults; and every once in a while, it's large enough to cause damage.”

Monday's quake caused some items to fall to the floor at a local market in rural Anza. And it created some anxious moments for people who felt it.

Minnesota transplant Shannon Haber said that even though she's lived here since 1996, she has not gotten used to earthquakes.

“I was just a little frightened,” Haber said. “There was small shaking and it made me nervous because I’m 23 floors up.”

Haber was working in the Los Angeles Unified School District headquarters in Westlake when the earthquake shook at 9:56 a.m. more than 100 miles away in Anza. The shaking was the biggest and longest-lasting she could remember.

“It was a slow, swaying motion,” she said. “It sort of felt like I was on a boat, a sort of wavy feeling that lasted 10 to 20 seconds.... No one else reacted around me. They’re all veterans of earthquakes.”

Holly Lawson was working in a campground kiosk at Anza-Borrego Desert State Park, about 60 miles south of the epicenter when the windows in her tiny kiosk began to rattle.

The rolling rumble lasted about six seconds, she said, and she could see a man outside in his truck as it swayed back and forth.

“The truck was actually physically moving,” Lawson said.

A San Diego native, she had already guessed the temblor's magnitude by the time the shaking stopped.
“I'm always concerned about these windows when we feel a quake,” she said. “We're surrounded by them.”

Lawson, who lives in Anza, got a call from her teenage son soon after, reporting that there had been a sudden, loud crack of sound before the shaking began. Their home,  a manufactured house, experienced small cracks after a similar earthquake about a year ago.

Meanwhile, campers in nearby RVs came one by one to ask if there had been an earthquake “or if they were just going crazy,” Lawson said.

Mary Ann McKennon, a volunteer camp host and Idaho native, said she didn't know what was going on at first.

“My first thought was that we've been having some funky winds, and sometimes they blow pretty hard,” she said. Soon she saw the truck outside rocking, too.

“I didn't like it at all,” said McKennon, who has worked on and off at the camp for six years. “Do you ever get used to them?”

ALSO:

More than 100 aftershocks from SoCal quake

Jury selection begins in 'Clark Rockefeller' murder trial

Lawsuit alleges Sharon Stone forced maid to work with bad back

-- Frank Shyong, Joesph Serna and Christine Mai-Duc

Photo: Map of shaking reports across Southern California; Credit: USGS


View the original article here