Housing trust pulls funds from investment pool
The Housing Endowment andRegional trust yanked $1.4 millionthe week of Feb. 28, 2009, from thecounty investment pool after losing$150,000 in the Lehman Brother’sbankruptcy — approximately thesame amount of money the jointpowers authorityearned in the poolsince its inception.The HEARTBoard of Directors voted 10-2 in favor of removing all money from theinvestment pool and researching saferoptions. HEARTalso had money inﬁnancial institutions that won’t bemoved. Dissenting boardmembersthought more research should be donebefore removing the money but wereoverridden by a majority who believesafety is the bigger issue.The Sept. 15, 2008, Lehman col-lapse rippled through the economy,particularly 19 California countieswith investments in it. San MateoCounty lost more than $150 millionfrom its investment pool whichincludes school districts, cities andspecial agencies such as HEART.Unlike school districts, HEARTisnot legally required to keep any fundsin the pool. The money was placedthere because the county gave the JPAseed money in 2002.
Toll lane idea starts up
Legislation allowing solo driversto pay up to 50 cents a mile to bypasstrafﬁc with approximately 800 milesof Bay Area commuter lanes wasexpected to speed through the stateCapitol after its introduction theweek of Feb. 28, 2009.Assembly Bill 744 wasto authorize developmentof a comprehensive net-work of high-occupancytoll — or HOT— lanes onBay Area freeways, allowing solodrivers the option to bypass conges-tion by paying a toll to use lanes inwhich carpools and buses currentlytravel free of charge.
San Mateo ‘tightens belt’
The week of Feb. 28, 2009, it wasannounced that there will be 23 fewer jobs in the city of San Mateo and res-idents would be asked to approve twonew taxes after the City Councilapproved that week a two-phasedapproach to solving the worseningbudget crisis.The San Mateo City Council met ina special meeting on Tuesday of thatweek to discuss the budget reductionprocess. The city immediately cut $4million in jobs and services andbegan the process of placing two bal-lot measures — to increase sales andhotel taxes — on the November 2009ballot to raise another $4 million. The cuts come as an ongoing struc-tural deﬁcit ballooned from an antici-pated $4 million to $8 million amid aweak economy. The city initially pro- jected a $3 million to $4 millionstructural budget gap between ongo-ing revenue and expenses.
Doctor takes plea deal for illegal prescription
The former Colorado doc-tor who illegally prescribedgeneric Prozac online to aStanford University studentwho subsequently killed himself pleaded no contest the week of Feb.28, 2009, to felony practicing medi-cine in California without a license.The deal settles ChristianHageseth’s case — a complicated onethat stretched over three years,including seven motions to dismiss,an appellate court ruling on jurisdic-tion and a consistent stance by thedefense that county prosecutors couldnot try him for practicing in the statebecause he never stepped foot inCalifornia.Although the decision did not bringback John McKay, the universityfreshman who obtained the drugsfrom an online pharmacy, prosecutorJenny Ow said his family was happywith the resolution.
From the archives highlights stories origi-nally printed ﬁve years ago this week. Itappears in the Friday edition of the DailyJournal.
FOR THE RECORD2
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Comedian GilbertGottfried is 59.
This Day in HistoryThought for the Day
Benedict XVI became the ﬁrst pope in600 years to resign, ending an eight-year pontiﬁcate shaped by strugglesto move the Catholic Church past sexabuse scandals and to reawakenChristianity in an indifferent world.
“In science,all facts,no matter how trivial or banal,enjoy democratic equality.”
— Mary McCarthy,American author and critic (1912-1989)
Hall of Fame autoracer Mario Andretti is 74.Actress Rae DawnChong is 53.
A man dressed as a demon performs with a bone during a religious procession at the Mahashivratri festival in the Indian cityof Allahabad.Hindus across the country celebrate Mahashivratri,better known as Lord Shiva’s wedding anniversary.
: Breezy. Showers and a slightchance of thunderstorms. Highs in themid 50s. South winds 20 to 30 mph.Gusts up to 45 mph in the morning.
: Showers likely and aslight chance of thunderstorms. Lowsaround 50. Southeast winds 10 to 20 mph.
:Mostly cloudy. Aslightchance of thunderstorms in the morning. Achance of show-ers. Highs in the upper 50s. East winds 10 to 20 mph.Chance of precipitation 40 percent.
:Mostly cloudy. Aslight chance of show-ers. Lows in the upper 40s. North winds 5 to 10 mph.Chance of showers 20 percent.
:Mostly cloudy. Aslight chance of showers. Highsin the mid 50s.
Local Weather Forecast
, a 12-inch gun aboard the USS Princeton explod-ed as the ship was sailing on the Potomac River, killingSecretary of State Abel P. Upshur, Navy Secretary ThomasW. Gilmer and several others.
, the Territory of Colorado was organized.
, President William Howard Taft nominatedWilliam H. Lewis to be the first black Assistant AttorneyGeneral of the United States.
, the heavy cruiser USS Houston and theAustralian light cruiser HMAS Perth were attacked byJapanese forces during the World War II Battle of SundaStrait; both were sunk shortly after midnight.
, scientists James D. Watson and Francis H.C.Crick announced they had discovered the double-helixstructure of DNA.
, a day after defeating the Soviets at the WinterGames in Squaw Valley the United States won its firstOlympic hockey gold medal by defeatingCzechoslovakia’s team, 9-4.
President Richard M. Nixon and ChinesePremier Zhou Enlai issued the Shanghai Communique,which called for normalizing relations between theircountries, at the conclusion of Nixon’s historic visit toChina.
the United States and Egypt re-establisheddiplomatic relations after a seven-year break.
Swedish Prime Minister Olof Palme was shot todeath in central Stockholm. (The killing remainsunsolved.)
the 15th Olympic Winter Games held its clos-ing ceremony in Calgary, Canada.
(Answers tomorrow)USURPALIAS MATTER CANYONYesterday’sJumbles:Answer:Levi Strauss’success selling denim jeans wasa result of him being a — SMARTY-PANTSNow arrange the circled letters to form the surprise answer, assuggested by the above cartoon.
THAT SCRAMBLED WORD GAME
by David L. Hoyt and Jeff Knurek
Unscramble these four Jumbles,one letter to each square,to form four ordinary words.
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J u m b l e p u z z l e m a g a z i n e s a v a i l a b l e a t p e n n y d e l l p u z z l e s . c o m / j u m b l e m a g s
Architect Frank Gehry is 85. Actor Gavin MacLeod is 83.Actor Don Francks is 82. Singer Sam the Sham is 77. Actor-director-dancer Tommy Tune is 75. Actor Frank Bonner is 72.Actress Kelly Bishop is 70. Actress Stephanie Beacham is 67.Writer-director Mike Figgis is 66. Actress Mercedes Ruehl is66. Actress Bernadette Peters is 66. Former Energy SecretarySteven Chu is 66. Actress Ilene Graff is 65. Nobel Prize-win-ning economist Paul Krugman is 61. Basketball Hall-of-Famer Adrian Dantley is 59. Actor John Turturro is 57. Rocksinger Cindy Wilson is 57. Actress Maxine Bahns is 45. ActorRobert Sean Leonard is 45. Rock singer Pat Monahan is 45.
The Daily Derby race winners are GorgeousGeorge,No.8,in ﬁrst place;Eureka,No.7,insecond place;and BIg Ben No.4,in third place. The race time was clocked at 1:42.21.
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