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News of the Day: Friday, June 18

*  Consulting contract at Port of L.A. to former L.A. deputy mayor.....  Kevin Acebo, former deputy mayor to Antonio Villaraigosa, will now oversee external affairs and lobbying efforts for the Port of Los Angeles.  Acebo, who served as deputy mayor for governmental affairs for three years, left City Hall in 2008 and now has a Long Beach-based consulting firm. 

Daily Breeze reports that Acebo will be paid $190,000 for the year-long contract with the Port.  The scope of his services under the contract will include responsibility for overseeing the Port's lobbying at the state and federal level, as well as marketing and communications.  (DB)

*  AEG and Jackson family to "contribute" $1.3 million to help cover costs of Michael Jackson memorial last year....  Yes, it will be a year next week since the Michael Jackson memorial service at Staples Center and the Nokia Theater.  And also a year with much media coverage of the back-and-forth between the parties -- including well-publicized requests by L.A. City Attorney Carmen Trutanich that AEG pick up the entire cost of public services provided by the city in connection with the very large-scale event. 

Now, after all of the to-and-fro and jostling between the various parties, it appears that an agreement has been reached with the Jackson estate and AEG wherein the parties will "contribute" $1.3 million to help pay for some of the costs of the event.  The $1.3 million will include $1 million to the city's general fund and another $300,000 to the Los Angeles Police Foundation to help pay for equipment for the LAPD.  (DN, LAT)
*  Renewable energy legislation in Sacramento.  Moving forward???  Capitol Weekly reports that "a landmark agreement requiring California's utilities to get one-third" of their energy from renewable sources "is within striking distance."  And that negotiations have been under way for months between the governor's office and various interest groups, with  participants now saying they are close on this important issue that involves billions of dollars of worth of energy production and thousands of job at stake. "But close can be far in the Capitol."  ( Capitol Weekly )
*  And, speaking of renewable energy, Capitol Weekly  also has another interesting piece, this one on wind turbines and their increasingly important role in providing alternatives to traditional energy sources.....

*  And for those who are interested in stimulus programs and spending on infrastructure, an interesting Washington Post piece comparing what China has done in this regard vs. what has taken place in the U.S.....  In an effort to stave off a recession and keep their economy moving, in late 2008 the Chinese government initiated a $585 billion stimulus program.  The funds became the driving force behind infrastructure projects being built just about everywhere throughout the country, whether needed or not and whether or not the loans taken out to pay for the projects or the bonds floated by local municipalities could be repaid.  Now, with the stimulus program about to expire in six months, the question is what will happen when these bills come due?   (WP)