From the Wire:

Obama says "blame me" for AIG bonuses (http://www.cnn.com/2009/POLITICS/03/19/aig.fallout/index.html). Bad bill drafting is likely the real culprit.

CA state pension fund in trouble (http://calpensions.com/2009/03/20/calpers-lost-decade-from-boom-to-bust/). It is important to remember that public and quasi-public institutional investors are major players in the economic system. The average American has quite a stake in "Wall Street".

CA bond rating falls further (http://latimesblogs.latimes.com/money_co/2009/03/california-bo-2.html). Meanwhile the state is trying to sell $4 billion in new bonds (http://www.latimes.com/business/la-fi-calbonds20-2009mar20,0,21791.story).

Media cuts and lobbyists (http://www.latimes.com/news/local/la-et-rainey20-2009mar20,0,7281321.story).

Useless ca.gov jobs: lieutenant governor (http://www.sacbee.com/politics/story/1714925.html?mi_rss=State%2520Politics). Make the Lt. Gov. a member of various boards, commissions, etc. with no extra pay...

Barry in CA; Speaks with Schwarzenegger, Leno, etc. (http://totalbuzz.freedomblogging.com/2009/03/19/governor-and-obama-trade-complements-at-la-town-hall/14711/). No comment.

Chinese antitrust action against Coke fails to live up to international norms (http://www.cnbc.com/id/29784582).

Wealthy hedge fund town feels financial pinch (http://www.bloomberg.com/apps/news?pid=20601109&sid=arOzIUvhbr1o&refer=home).

Navy surface fleet in bad shape (http://www.defensetech.org/archives/004751.html). Maintenance of existing assets and further innovation in the naval sphere is vital to our ability to implement our national security obligations. But, the Navy seems to have a few big dollar projects that are questionable. Hopefully this issue receives the attention it deserves.

"Blue Dog" dems vital to Barry's agenda (http://www.bloomberg.com/apps/news?pid=20601070&sid=aK8UQZdsNYwk&refer=home). Too bad CA doesn't elect more "blue dog" state reps.

Private contracting for military in air refueling (http://www.defenseindustrydaily.com/US-Military-Contracts-for-Private-Aerial-Refueling-Services-04802/#more-4802). (Note: Air Force competition between Boeing and Airbus entries has had some issues. US in dire need of in air refueling assets).

Russian President: Time to Re-arm (http://blog.wired.com/defense/2009/03/russias-prez-ti.html#more). Russia sure has been trying to act tough lately.

U.C. Board of Regents backs new nursing school at U.C. Davis (http://www.sacbee.com/ourregion/story/1714969.html?mi_rss=Our%2520Region). This type of stimulus is useful. Fast growing inland CA regions need more medical infrastructure.