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Morning Wrap: 7/9/13

Tuesday, July 9, 2013

Bay Area housing market gets even hotter, CalPERS to post pension data online, heroism aboard Flight 214, more.

Top of the news

Just how hot is the Bay Area housing market? The median home price boomed 43 percent year over year in June, the nation’s highest increase. SF Business Times 

Asiana flight 214 was 34 knots below its target speed when it crashed Saturday, NTSB investigators said. NPR

Politics and government

CalPERS, the nation’s largest public pension fund, announced it will begin to post pension data online for nearly half a million pensioners in a bid to be more transparent. AP

Former Congresswoman Lynn Woolsey will do a question and answer session about her life Saturday at Book Passage in Corte Madera in connection with a book about successful female mentors in which she’s included. Marin IJ

Texas Gov. Rick Perry announced he won’t seek reelection in 2014 but is not saying whether he may again seek the GOP presidential nomination. NPR


Other news and items of interest

Preservatives, anyone? Hostess Brands LLC says the soon-to-return version of the famous Twinkies will have a shelf life of 45 days as opposed to 26 days for the Twinkies as we long knew them. AP

Columnist Scott Herhold writes about the heroic efforts of Asiana Airlines flight attendant Jiyeon Kim. Mercury News

A number of San Francisco hotels, including the Palace and the Fairmont, are offering deeply discounted room rates for passengers stranded by Saturday’s Asiana air crash. SF Business Times

Closing arguments are expected Wednesday and Thursday in the trial of two of the suspects in the 2009 gang rape of a young woman outside a homecoming dance at Richmond High School. Contra Costa Times

Some big restaurant names have signed on to the planned $800 million Graton Resort & Casino in Rohnert Park. SF Business Times

Zynga’s new CEO Don Mattrick attempted to buy the company for Microsoft while he was still the head of the latter’s entertainment division, Bloomberg reports.

Amazon has begun hiring to fill hundreds of jobs for its new distribution center in Tracy. Modesto Bee 

Despite last week’s heat wave that curbed attendance, capacity crowds packed the Marin County Fair over the weekend and officials were hailing it as a big success. Marin IJ

A small plane missing since December was found in Yosemite’s rugged high country along with the body of the presumed pilot. AP

The Warriors agreed to a deal with free agent big man Marreese Speights, who spent last year with Cleveland. Mercury News

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