Topic: Jerry Brown
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Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
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In Pictures Taking office 2011
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Jerry Brown's California: Five big changes from 1975 to 2011
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In Pictures Jerry Brown through the years
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Gallery Election day 2010
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Decoder Wire Rick Perry joins flat tax parade – a hot idea fresh from the 1860s
Rick Perry follows Herman Cain in proposing a flat tax. Ron Paul has endorsed the idea before, too. But the hot new idea among GOP presidential candidates is as old as the Civil War.
10/25/2011 02:49 pm -
Does open-carry gun ban make California safer?
California Gov. Jerry Brown cited concerns of law enforcement in signing a bill to ban open carry in the state. But critics say there's little evidence that stronger gun control leads to lower crime.
10/11/2011 08:00 pm -
Did Berkeley's 'racist' bake sale go too far?
College Republicans at the University of California in Berkeley held a bake sale that priced baked goods at different prices for different ethnicities. Was it effective satire or over the top?
09/28/2011 08:18 pm -
Latin America Monitor Arizona's Brewer misses second straight US-Mexico Border Governors Conference
Gov. Jan Brewer (R) of Arizona will miss a chance to soothe tensions over last year's conference, which her Mexican counterparts boycotted in protest of her signing a tough immigration law.
09/28/2011 03:38 pm -
Solar energy: Solyndra leaders invoke 5th Amendment at hearing
Solar energy company Solyndra CEO Brian Harrison and the chief financial officer, Bill Stover, both invoked their Fifth Amendment right to decline to testify to avoid self-incrimination.
09/23/2011 08:11 pm -
Meg Whitman as the HP CEO? She'd have a tough job.
Former eBay CEO Meg Whitman reportedly is the choice of the troubled company's board to replace the current HP CEO, Leo Apotheker. Despite her past achievements, some question whether she is up for the daunting task.
09/22/2011 04:18 pm -
Africa Monitor California becomes first state to pass conflict mineral legislation
The California state assembly has passed a bill banning state agencies from signing contracts with companies that don't follow regulations intended to remove Congo's conflict minerals from the supply chain.
09/14/2011 10:22 am -
Rick Perry's kinder, gentler view on illegal immigrants: Will it cost him?
Gov. Rick Perry's Texas was the first state to let illegal immigrants pay in-state tuition rates at public colleges. He defended that decision during Monday's presidential debate, amid loud boos.
09/13/2011 10:38 pm -
Same-sex marriage: Can Prop. 8 sponsor appeal ruling ban is unconstitutional?
In a hearing Tuesday, California Supreme Court justices grilled attorneys for both sides in the Prop. 8 case. Their ruling on legal 'standing' may affect more than the ban on same-sex marriage.
09/06/2011 10:04 pm -
Tax VOX Amazon vs. sales tax
Despite Amazon's best efforts for a delay, California governor Jerry Brown holds firm on a new state law requiring online retailers to collect sales tax
09/03/2011 03:00 pm -
Dream Act: California embraces anti-Arizona role on illegal immigration
The California Senate passed its version of the Dream Act this week, setting itself up as a leader among states addressing illegal immigration with greater sympathy.
09/01/2011 06:47 pm -
Robo-Rover? California bill would require microchips implanted in pets.
The grain-of-rice size microchips, implanted between the shoulders, hold an owner's name and address. Animal-rights activists hail the bill as a way to reunite lost pets with their families.
08/26/2011 06:50 pm -
Rupert Murdoch: Is a pie in the face a legitimate political statement?
Rupert Murdoch is the latest in a long line of prominent figures who have had a pie thrown at them. Is pie-ing the best way to confront the powerful?
07/20/2011 04:25 pm -
California becomes first state to mandate gay history in curriculum
On Thursday, Gov. Jerry Brown signed the first-of-its-kind bill to include gay history in the California social studies curriculum.
07/14/2011 07:51 pm -
51st state would be a red state
51st state: thirteen conservative counties may look into separating from their blue state.
07/11/2011 11:43 pm -
Could California lead nation in teaching of gay history in schools?
By a 49-to-25 vote, the California Assembly approved a law requiring schools to include the contributions of gay Americans in their curriculum. Gov. Jerry Brown has not said whether he would sign the bill.
07/07/2011 05:51 pm -
California budget: A sign that the Golden State is finally on the right track?
Several voter-approved propositions helped resolve the typical California budget dysfunction this year. With new reforms, a new budget, and fix-it Gov. Jerry Brown, the future of the Golden State could be brightening.
07/05/2011 02:05 pm -
California 'Amazon tax' kicks in – and local businesses could be losers
A new state law requires large, out-of-state retailers to collect sales taxes on Internet purchases by California customers. The so-called Amazon tax has online retailers cutting ties with local affiliates.
07/01/2011 08:00 pm -
California has a balanced budget. Did Gov. Jerry Brown win or lose?
California Gov. Jerry Brown expended some political capital in his bid to close the state's budget deficit with a mix of cuts and higher tax revenue. He didn't get such a deal, but as of Tuesday night the state does have a budget.
06/29/2011 12:07 pm -
California budget sent to Gov. Jerry Brown
California budget: Democrats and Republicans agreed on a budget bill that will close the $9.6 billion budget deficit using spending cuts rather than tax renewals. The bill passed, but displeased both parties.
06/29/2011 02:09 am -
The Daily Reckoning California: the Greece of the US financial crisis
Greece and California are reaching a teachable moment: You can't get out of debt by piling on more debt.
06/23/2011 07:00 am -
California stops paying its legislators. What happens now?
The decision by a California official to stop paying state legislators until they pass a balanced budget means Democrats are under increasing pressure to act.
06/22/2011 08:46 pm -
California budget: Is state official right to withhold paychecks?
The California budget passed by the Legislature June 15 was not balanced, so lawmakers must forfeit their pay until they pass one that is, said Controller John Chiang Tuesday.
06/21/2011 08:54 pm -
Uncertainty reigns as Jerry Brown vetoes 'questionable' California budget
Gov. Jerry Brown, a Democrat, vetoed the Democrats' California budget Thursday, raising questions about whether legislators will still get paychecks tomorrow and whether the governor has any allies left in the Capitol.
06/16/2011 07:42 pm -
California nears budget deal to meet deadline. Critics pan it as 'gimmicks.'
California legislators will have to begin to forfeit their salaries if they don't pass a state budget Wednesday. To meet the deadline, legislators are rushing through a deal that could test Gov. Jerry Brown's campaign promise not to sign a 'smoke and mirrors' budget.
06/15/2011 09:30 pm
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