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Morning Wrap: 9/27/11

Tuesday, September 27, 2011

Feds loan policy could be whammy for Bay Area real estate, details in Oakland patient death at hands of replacement nurse, Warriors name a chief executive, America’s Cup fundraising a slow go, plus more inside.

Top of the morning’s news
  • The Senate reached a deal to avert a government shutdown. NYT
  • The patient who died at Alta Bates Summit Medical Center in Oakland was killed by a nutritional supplement that a replacement nurse mistakenly inserted in a catheter intended to deliver medicine to her bloodstream. Chronicle
  • The Wall Street Journal will undergo a bold new design, including adding more color to the traditionally staid newspaper in a bid to attract more high-end advertising. Ad Week
  • Gov. Jerry Brown signed a bill that allows Alameda County voters to consider a tax hike to fund transportation projects. Contra Costa Times
Notable Quote


"This is just going to kill us."

--  Beth L. Peerce, president of the California Assn. of Realtors, on a move by the federal government to reduce the loan amounts it will guarantee, which threatens to create turmoil in places such as the Bay Area with higher real estate prices.

Other news
  • A man killed by Oakland police Sunday had his hands up to surrender when he was shot, according to witnesses, including a young boy who saw the shooting from his bedroom window. The Bay Citizen
  • America’s Cup organizers are so far $10 million short of the funds they need to have in hand by year’s end for pre-event planning, raising the specter that San Francisco taxpayers could be on the hook for any shortfall if the funds don’t materialize. Examiner
  • Mining companies have staked 285 gold claims within 10 miles of Yosemite during the last five years and environmental groups are concerned that they could poison the park’s animals, plants and water. California Watch
  • The Warriors named former Phoenix Suns president and chief executive officer Rick Welts, 58, as president and chief operating officer, to report directly to owners Joe Lacob and Peter Guber. Chronicle
  • Parents are complaining about racy lingerie ads at a Victoria’s Secret store in San Rafael’s Northgate Mall that’s next to a new kids’ play area. ABC 7
  • A pilot got a military escort back to Watsonville Monday after he mistakenly strayed into a no-fly zone set up for President Obama’s visit to the South Bay. Santa Cruz Sentinel
  • Marin County’s financially strapped transit district signaled it favors pressuring the Golden Gate Bridge district to renegotiate its fee for providing bus service. Marin IJ 
  • A man found stabbed to death in a burning house in Oakland two weeks ago was a 73-year-old heroin addict and convicted murderer who was released from state prison in January after serving 30 years. KTVU 2
  • The 22-year-old wife of Mexican drug lord Joaquin “El Chapo” Guzman, the fugitive head of the Sinaloa cartel, is an American citizen and gave birth to twin girls in a Southern California hospital. LA Times

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