Topic: Jerry Brown
Top galleries, list articles, quizzes
-
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.
-
In Pictures: Taking office 2011
-
Jerry Brown's California: Five big changes from 1975 to 2011
Once California’s youngest governor, Jerry Brown begins a second term Monday as the state’s oldest.
-
In Pictures: Jerry Brown through the years
-
Gallery: Election day 2010
All Content
-
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.
-
Tax VOX
It's summer. Time for a California budget crisis.
Like a movie franchise that keeps coming back, California's annual budget mess is the same story year after year.
-
Cover Story
US prison inmates returning to society: How will they be received?
States, eager to save money and adopt alternatives to incarceration, release inmates in record numbers. Is society ready for the surge?
-
California facing higher $16 billion shortfall
California's budget deficit has swelled to $16 billion and will force severe cuts to schools and public safety if voters fail to approve tax increases in November, warns Gov. Jerry Brown.
-
Saga of California's Salton Sea: a tragic chapter ahead?
Some worry that a water-diversion deal, sending farm irrigation water to sprawling San Diego, will spell doom for the Salton Sea – and exposure to toxins for humans and wildlife. Others say protections are in place to ensure that can't happen.
-
Jerry Brown's Waterloo Station? California high-speed rail takes a new hit.
A congressional committee says it will investigate federal funding for California's embattled high-speed rail project. California Gov. Jerry Brown's continued support is making him an increasingly lonely voice.
-
Tax the rich ... more? Why Jerry Brown changed his plan to save California.
California Gov. Jerry Brown wants voters to back his ballot initiative to raise taxes. But this week he changed it to fend off a teacher's union that could have ruined his plans.
-
Xi Jinping in California: a glimpse of what China really wants
Chinese president-in-waiting Xi Jinping will spend most of his two-day California trip highlighting the two things that, perhaps, the Chinese people admire most about the US: films and basketball.
-
Why did Democrats choose Antonio Villaraigosa to lead national convention?
Antonio Villaraigosa has built an impressive résumé in the California Assembly and as mayor of Los Angeles. As chair of the Democratic National Convention, he could help woo Latinos.
-
Can Facebook IPO help solve a state budget crisis?
The Facebook IPO could bring California as much as $500 million in tax revenues from capital gains. Depending on whom you talk to, that's a significant help or a drop in the bucket.
-
Why Jerry Brown is standing firm on shaky California high-speed rail plan
Another report critical of California's $100-billion high-speed rail project – the second this month – has not shaken Gov. Jerry Brown's faith in the plan. He has his eyes on his legacy, some say.
-
Jerry Brown's defiant State of the State: California is still golden
With chronic budget woes engulfing California, many analysts had expected a 'gloom and doom' State of the State address from Gov. Jerry Brown. They got nothing of the sort.
-
Renewable energy projects delayed in squabble
Renewable energy projects in California are stalled because of a disagreement between Southern California Edison and federal agencies. Stall is keeping state's national parks and forests from using renewable energy
-
Is California Gov. Jerry Brown's 'ransom' budget an empty threat?
California Gov. Jerry Brown proposed a state budget Thursday that would cut $4.8 billion from education – but only if a ballot initiative to raise taxes fails. Problem is, legislators are balking.
-
Did $98.5 billion high-speed rail project just hit a wall in California?
An independent review panel says the plan for a high-speed rail corridor linking northern and southern California poses 'an immense financial risk' to the state and should not move forward.
-
New York to raise taxes on the rich. Is it a blueprint for Congress?
Bipartisan leaders in New York State agreed to a plan to raise taxes on the rich. The plan is broadly similar to similar ideas discussed – but rejected – by Congress.
-
Gov. Jerry Brown implores California voters: Please raise taxes on yourself
Republicans blocked the efforts of California Gov. Jerry Brown to fix a budget crisis through more tax revenues. So his new plan is to go straight to voters in 2012.
-
Super committee and California: Can they each break through dysfunction?
The nation's capital and the capital of the nation's most populous state both seem dysfunctional. But even as the congressional super committee looks set to fail, a bipartisan group of high-profile Californians is readying ballot initiatives to reengineer state government, including tax reform.
-
Public pensions must be on the table
With the cost of retirement plans soaring, public employees need to do their part in balancing state budgets.
-
California court says defense of gay marriage ban can proceed
The California Supreme Court ruled Thursday that proponents of the state's ban on gay marriage will be able to defend their stance in federal court.
-
Clean energy 'gold rush' in Mojave spurs backlash
Clean energy projects in California are thriving. But environmentalists worry about impact of clean energy companies on Mojave Desert.
-
Retirement revised: Jerry Brown proposes pension reform in California
Other states, also struggling with budget problems, will be watching closely to see how California handles this key issue with its 1.6 million public employees and retirees.
-
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.
-
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.
-
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?
Become part of the Monitor community
36K on Facebook | 12K on Twitter | 2,250 on YouTube