Thursday, 19 September 2024

News

Is your business committed to marketplace trust?

The Better Business Bureau is now accepting Torch Awards entries from local businesses at http://www.bbb.org/greater-san-francisco/torch-awards-for-ethics/entries/ .

Any for-profit business headquartered in BBB’s 13-county service area that has been in business for at least three years can enter the 2017 Torch Awards competition.

The business does not have to be BBB Accredited, but it must be in good standing with BBB and have at least a “B” rating to be considered for the award.

The Torch Awards for Ethics competition was created to honor companies that demonstrate their commitment to trust and marketplace ethics. The award embodies Better Business Bureau’s mission to be the leader in advancing marketplace trust.

Businesses hoping to win this prestigious award will be evaluated by a panel of judges from the local business, media and academic communities.

Candidates will be judged on six categories – from leadership and communication to human resources and commitment to the community.

The winners of the 2017 Torch Awards have the unique opportunity to receive public recognition for their commitment to, and excellence in, ethical business practices.

Winners will be included in a press release and social media posts announcing winners, receive an office visit along with a trophy presentation and photos from your BBB, and have perpetual placement on the Torch Awards winners page and lifetime use of the BBB Torch Awards Seal – just to name a few of the perks.

Furthermore, Torch Awards winners will be qualified to enter the 2017 International Torch Awards for Ethics.

All qualified businesses are encouraged to apply. Applying for the 2017 Torch Awards for Ethics is free, and the application process is completely online and easy to navigate.

Do you have a favorite business you think deserves to be recognized for its ethical practices? You can nominate them online too!

To apply for the regional 2017 Torch Awards for Ethics, learn more about the competition, or nominate a business, visit http://www.bbb.org/greater-san-francisco/torch-awards-for-ethics/entries/ .

Your BBB will accept entries through Friday, April 7, 2017, at 5 p.m. PST.

Rebecca Harpster works for the Better Business Bureau serving the San Francisco Bay Area and Northern Coastal California.

arlinemontgomeryobit

LAKE COUNTY, Calif. – Arline Fay Montgomery was born in San Jose, Calif., on Sept. 14, 1937, and passed away on Jan. 7, 2017.

She was loved by everyone and never said an unkind word about anyone.

Arline is survived by her husband of 61 years, Wendell Montgomery; son, Mathew; grandchildren, Aaron, Chad and Wendy; and sisters, Dorothy, Carol and Marie. She is predeceased by her parents, Marie and Al Converse, and her daughter, Cynthia Borba.

Arline was an avid windsurfer, painter, dancer and craftsperson.

At her request, no services are planned.

Arrangements by Chapel of the Lakes Mortuary, 707-263-0357 or 707-994-5611, or visit www.chapelofthelakes.com .

Acting California Attorney General Kathleen A. Kenealy, along with the U.S. Department of Justice and the attorneys general of 20 other states and the District of Columbia, on Friday announced an $863.8 million settlement with Moody's Corp., a business and financial services company, to resolve federal and state civil claims related to the company’s misconduct in inflating ratings of residential mortgage-backed securities.

An investigation conducted by the Attorney General's Office showed that Moody's Corp. systematically misrepresented to the public, and to the California Public Employees' Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS), that its ratings of structured finance securities were based on an objective and reliable analysis and not influenced by Moody's economic interests.

Moody’s clients relied on these ratings to invest in the structured finance securities, the collapse of which led to the 2008 financial crisis. 

“Moody’s Corp. misled their clients about the objectivity of its ratings and their misconduct caused significant losses to Californian’s pension funds,” Kenealy said. “I want to thank our California Department of Justice attorneys for their great work to hold Moody’s accountable.”

Moody's will pay a total of $863,791,823 to federal and state government entities. The Office of the Attorney General will recover $150 million in damages for the State of California, and the settlement recovers losses sustained by CalPERS and the CalSTRS on their investments.

The remainder of the total settlement proceeds will be distributed among the U.S. Department of Justice and the other 21 state attorneys general.  

As part of the settlement, Moody's agreed to a statement of facts which indicate that, despite its claims of independence and objectivity, the desire for market share resulted in it using more lenient rating criteria than it publicly claimed to be using, resulting in ratings which were higher than they would have been if Moody's had used its publicly stated criteria.

The settlement with Moody's arises from the investigation into mortgage-backed securities by Attorney General's Mortgage Fraud Strike Force, which was formed in May 2011 to comprehensively investigate misconduct in the mortgage industry.

The Attorney General's Office's additional efforts to investigate the mortgage crisis include securing approximately $20 billion for California in the National Mortgage Settlement and sponsoring the California Homeowner Bill of Rights, a package of laws instituting permanent mortgage-related reforms.

For more information on the U.S. Department of Justice settlement, visit http://www.justice.gov/ .

This settlement is the latest in several resolutions holding responsible the institutions that contributed to the financial crisis.

To date, the Attorney General's Office has recovered over $1 billion for California’s public pension funds.  In August 2014, the Attorney General obtained a $300 million settlement with Bank of America over its misrepresentations in residential mortgage-backed securities sold to CalPERS and CalSTRS.  Similar settlements were reached in July 2014 with Citigroup Inc. for nearly $200 million and in November 2013 with J.P. Morgan Chase & Co. for $300 million.

In February 2015 the Attorney General's Office announced a $210 million settlement with rating agency Standard & Poor's and its parent, McGraw-Hill Financial Inc.

stephaniebowmanobit

Stephanie Bowman
Nov. 30, 1948 – Jan. 12, 2017

LAKE COUNTY, Calif. – Stephanie is survived by her children, David Glisson, Aaron Bowman and Leeann Bowman; siblings, Richard Hoffman and Sharleen Hill; many grandchildren and great grandchildren.

She was predeceased by her husband, Butch Bowman, and daughter, Carolyn Knudsen.

She will be dearly missed.

Visitation will be held at Lucerne Community Church on Monday, Jan. 16, from 9 to 11 a.m., with a funeral service at 11 a.m. and interment to follow at Upper Lake Cemetery.

Arrangements by Chapel of the Lakes Mortuary, 707-263-0357 or 707-994-5611, or visit www.chapelofthelakes.com .

LAKE COUNTY, Calif. – Are you a victim of the Valley, Clayton, or Rocky fire? Are you a Lake County resident interested in escaping high rental prices and crowded living conditions?

For a very low monthly mortgage payment, and a willingness to partner with Habitat for Humanity, you can achieve the dream of homeownership.

The Habitat for Humanity Homeownership agents are holding a community meeting on Thursday, Jan. 19, from 5 to 7 p.m. at the Methodist Church Community Center at 16255 Second St. in Lower Lake to learn how their homeownership program works and what it takes to qualify.

It is easier than you think. Come join the discussion and take the first step towards a brighter future.

For questions regarding homeownership or this meeting, please call 707-994-1100, Extension 103.

CLEARLAKE OAKS, Calif. – Lorell Grueter passed away at her home on Thursday, Jan. 5, 2017, in Clearlake Oaks.

Friends and family are invited to attend a visitation on Tuesday, Jan. 17, from 9:30 to 10:30 a.m. at Jones & Lewis Clear Lake Memorial Chapel in Lower Lake. A graveside service will commence at 11 a.m. at Lower Lake Cemetery.

Arrangements under the care of Jones & Lewis Clear Lake Memorial Chapel.

Please share your loving memories of Lorell by signing her online guestbook at www.jonesandlewis.com .

NORTH COAST, Calif. – Caltrans reports that the following road projects will be taking place around Lake County and the North Coast during the coming week.

Included are Mendocino County projects that may impact Lake County commuters.

LAKE COUNTY

Highway 175

– Valley fire recovery work from the junction of Routes 29/175 in Middletown to Loch Lomond will continue. One-way traffic control will be in effect from 7 a.m. to 5 p.m. weekdays. Motorists should anticipate five-minute delays.

MENDOCINO COUNTY

Highway 1

– PG&E has been granted a Caltrans Encroachment Permit for utility repairs from Haven Neck Drive to Old Stageroad Drive beginning Thursday, Jan. 19. One-way traffic control will be in effect from 8 a.m. to 4 p.m. weekdays. Motorists should anticipate five-minute delays.

– AT&T has been granted a Caltrans Encroachment Permit for utility repairs in Manchester on Wednesday, Jan. 18. One-way traffic control will be in effect from 9 a.m. to 3 p.m. Motorists should anticipate five-minute delays.

– Repairs at the Albion River Bridge will continue. One-way traffic control will be in effect from 8 a.m. to 4 p.m. weekdays. Motorists should anticipate five-minute delays.
 
– PG&E has been granted a Caltrans Encroachment Permit for utility repairs from Albion Little River Road to the Little River Bridge beginning Friday, Jan. 13. One-way traffic control will be in effect from 9 a.m. to 4 p.m. weekdays. Motorists should anticipate five-minute delays.
 
Highway 101

– Routine maintenance near Frog Woman Rock will continue. Northbound traffic will be restricted to one lane 24 hours per day, seven days per week. Motorists should anticipate minor traffic slowdowns.

– Emergency slide repairs just south of Standish-Hickey State Park will continue. One-way traffic control with a temporary signal will be in effect 24 hours per day, seven days per week. Motorists should anticipate five-minute delays.
 
– Emergency slide removal near Piercy will continue. Traffic will be reduced to one lane in both directions 24 hours per day, seven days per week. Motorists should anticipate minor traffic slowdowns.

The Caltrans Traffic Operations Office has reviewed each project and determined that individual project delays are expected to be less than the statewide policy maximum of 30 minutes, unless noted otherwise above.

For information pertaining to emergency roadwork or for updates to scheduled roadwork, please contact the California Highway Information Network (CHIN) at 1-800-GAS-ROAD (1-800-427-7623).

Upcoming Calendar

19Sep
09.19.2024 6:00 pm - 8:00 pm
Clearlake City Council
19Sep
09.19.2024 7:00 pm - 8:30 pm
Redbud Audubon Society
21Sep
09.21.2024 10:00 am - 1:00 pm
Farmers' Market at the Mercantile
21Sep
09.21.2024 4:00 pm - 10:00 pm
Passion Play fundraiser
21Sep
09.21.2024 4:30 pm - 10:00 pm
Lake County Wine Auction
24Sep
09.24.2024 10:00 am - 1:00 pm
Farmers' Market at Library Park
28Sep
09.28.2024 10:00 am - 1:00 pm
Farmers' Market at the Mercantile
5Oct
10.05.2024 7:00 am - 11:00 am
Sponsoring Survivorship
5Oct
10.05.2024 10:00 am - 1:00 pm
Farmers' Market at the Mercantile
12Oct
10.12.2024 10:00 am - 1:00 pm
Farmers' Market at the Mercantile

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