8:58am

Tue February 28, 2012
Morning News Roundup

Connecting the Dots: Top news stories for Tuesday, February 28, 2012

A recent UC Berkeley study concludes that rich people are more likely to cheat at dice games, lie, and drive poorly. The authors say their results reflect a value system rooted in greed and competition…

Facebook founder Mark Zuckerberg stands to make as much as $28.4 billion from his company’s IPO. California, which is still struggling to close the deficit gap and balance the budget, stands to collect as much as $2.5 billion in taxes from that same IPO. The exact numbers are hard to predict, though, as it's unclear how many shares the founders and other key investors will actually sell...

Speaking of cashmoney, campaign treasurer Kinde Durkee is still under investigation for misuse of her clients’ political funds. Yesterday, federal prosecutors seized a number of computers that may contain information relevant to the case. Preliminary hearings had been scheduled for today, but have now been moved back to March 16th to give the prosecution time to examine the new evidence...

California State Senator Leland Yee has introduced a bill that would require state agencies to release the findings of any investigation into complaints of fraud, abuse or waste. The identity of the initial whistleblowers will be kept anonymous…

Another bill proposed on Monday looks to lower the penalty for possession of drugs–including heroin, cocaine and methamphetamines–from a felony to a misdemeanor. Thirteen other states have already adopted similar measures. Penalties for those charged with manufacturing or distribution would not change. The bill’s sponsor, Senator Mark Leno, argues that the shift would ease the burden on California’s overcrowded prisons…

Here’s a fun stat: Losing San Francisco mayoral candidate Phil Ting spent over $500,000 on his campaign. He received 1,013 votes. Get out your calculators! Yes, Ting spent approximately $510.45 per vote…

And finally, say your goodbyes to the Bartlett Street sea lions

Connecting the Dots brings the day's news together. 

 

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