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Morning Wrap: 5/23/13

Thursday, May 23, 2013

Speed limits proposed for America’s Cup races as safety measure, ex-Gap CEO Robert Fisher’s high negatives, the Bay Area real estate boom extends even to areas hardest hit by the downturn, more.

  • One safety suggestion from the America’s Cup director for the regatta in the wake of this month’s deadly practice accident: placing a speed limit on the racing boats. Chronicle
  • You know the Bay Area real estate market is hot when even areas that had the biggest price drops during the downtown are heating up. Mercury News
  • The political website Antiwar.com filed a lawsuit in federal court in San Francisco seeking documents from the FBI, claiming that it was the target of unwarranted surveillance by the agency. AP
  • Not that it made a difference, but former Gap CEO Robert Fisher got the most negative votes of any of the company’s 10 board members re-elected during Tuesday’s annual meeting, in the wake of bad publicity about the company’s Bangladesh sweat shop policy. SF Business Times
  • The Oakland Museum of California’s Gallery of California Sciences reopened after a multi-million facelift. Oakland Tribune
  • A Union City third grade teacher was placed on unpaid leave after being charged with allegedly kissing and fondling his female students. Mercury News
  • Tesla Motors announced it has paid back its $465 million government loan nine years early. Mercury News
  • Twitter announced it’s adding an extra security measure to users’ accounts in an effort to prevent hacking. AP
  • A Hayward man on probation for impersonating a federal officer was arrested for violating his probation after he allegedly impersonated an FBI agent. Mercury News
  • Lennar, whose efforts as a  major partner in Treasure Island and Hunter’s Point developments recently blew up, filed an application to build a 179-unit apartment project in Redwood City. SF Business Times 
  • Covered California, the state health exchange preparing to set up under Obamacare, is scheduled to announce today some tentative details about how it will function. SF Business Times

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