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Policy Group Questions Loans for Pfizer Deal

The New York  Times Cyrus Sanati Pfizer’s $68 billion acquisition of rival pharmaceutical maker Wyeth is drawing criticism over the $22.5 billion in loans Pfizer received from major Wall Street banks to help close the deal. The Greenlining Institute, a…
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Foreclosure Fightback

TheNation.com By Ben Ehrenreich “This is a crowd that won’t scatter,” James Steele wrote in the pages of The Nation some seventy-five years ago. Early one morning in July 1933, the police had evicted John Sparanga and his family from…
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Protesters in San Francisco Demand More Credit

Americanbanker.com Emily Flitter Housing advocates in California today got some fresh air as they decried bank bailouts and called for government aid to Main Street. Representatives of 40 community groups marched through San Francisco, stopping at the local headquarters of…
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Demonstrators Call for Banks To Help Consumers

San Francisco Chronicle James Temple About 100 demonstrators marched through San Francisco’s Financial District on Thursday, calling on the recipients of billions in federal bailout funds to do more to funnel that money to consumers and communities in need.
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Fostering Homeownership — the Right Way

American Banker By Orson Aguilar and Faith Bautista As the presidential inauguration draws near, it is increasingly clear that bailouts and government guarantees are unlikely to be successful unless government assistance is focused on the 10 million or more American…
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The Philanthropy Shakedown

Wall Street Journal Give to ‘minority-led’ charities, or else. In 2006, Publix Supermarket Charities donated almost $30 million to causes that included Habitat for Humanity, the March of Dimes and United Way. But Al Piña isn’t satisfied. Mr. Piña, the…
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PUC Grants Bonuses to Electric Utilities

SFGate.com David R. Baker, Chronicle Staff Writer California regulators handed electric utilities $82.2 million in bonuses Thursday for improving energy efficiency, even though the state isn’t sure the companies saved as much power as they claim.
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McClatchy to Hold On Through Turbulent Times

Andrew S. Ross SFgate.com Wednesday, December 10, 2008 Might a media company based in Northern California follow the Tribune Co.’s example and be the next to seek some “breathing space” from its debts, i.e., file Chapter 11? No way, said…
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Medicare Drug Plans Changing

Seniors urged to check Part D prices and coverage during open enrollment to avoid surprises. By Melissa Evans, Staff Writer contracostatimes.com Posted: 12/03/2008 11:04:27 PM PST Updated: 12/04/2008 10:32:40 AM PST Fifteen dollars a month doesn’t sound like a lot…
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