California Secures $1 Billion Loan For Resources

Historic Loan Issued to California Oil Production & Shipping Firm

One of the largest West Coast loans ever granted in history was announced in early August by California Resources Corporation, an exploration and production company that operated in the lucrative energy sector of the United States.

California Resources operates exclusively in the Golden State and employs a workforce of about 4,000 employees. The loan recently obtained by the company is priced at one billion dollars, one of the most lucrative loans awarded in the history of California.

The loan granted to California Resources comes from a syndicated bank facility, which means that various lenders came together under an arranging entity to provide funds. In this case, investment banking firm Goldman Sachs was the arranger.

Details of this significant loan include a five-year repayment term, a rate of interest based on the LIBOR plus 10.375 percent as the ceiling and one percent as the floor. 
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A Positive Response by Shareholders

According to reports published by various financial news outlets, news of the loan have been received positively by investors and shareholders. Shares of California Resources, which trades as CRC on the New York Stock Exchange, increased by 33 percent just a couple of days after the loan transaction was announced.

This substantial loan could not come at a better time. Like other companies in the oil sector, CRC has experienced its share of difficulties in the wake of falling oil prices. CRC used to be part of Occidental Petroleum Corporation, which divested some of its holdings in late 2014.

CRC has an existing credit facility of about $6 billion; that facility also operates in syndicated fashion and had proven to be a repayment challenge for the company. Market conditions have transformed the existing credit facility into a debt estimated to be at least 10 times larger than its original amount. The most recent syndicated bank facility will serve to repay some of the most pressing debt that CRC has been struggling with in recent months.

A Sizable Loan Collateral

The collateral pledged for the latest syndicated facility is considerable: CRC’s oil pipeline network and its electricity production facilities are on the line. The syndicated loan is in a first lien position.

To get an idea of the assets that are being pledged as collateral for this massive loan, it helps to note that the company has production assets in the four major California basins where oil and gas exploration has taken place over several decades: Los Angeles, Sacramento, San Joaquin, and Ventura.

Despite its financial challenges, CRC is still the largest producer of oil and natural gas in the Golden State. The company is known to explore the potential of oil and gas in California reservoirs that have been ignored by competing firms.

The main product offered by CRC is crude oil, which is sold to California refineries. The Golden State is known to be a region of high demand for gasoline and other oil derivatives. Natural gas has played a major role in the financial development of CRC; in fact, the company operates a power plant that generates electricity from natural gas.


NY Man Charged With Conspiring Bar Attack for ISIS on NYE

Emanuel Lutchman, a 25-year-old NY resident, may have come across just another visitor to a Rochester restaurant during New Year’s’ Eve. No one would have suspected anything conspicuous until he was found armed with knives and a machete.

Being charged with the attempt to provide material support and resources to ISIS, he was successfully arrested by the FBI’s Joint Terrorism Task Force for his heinous doings. He immediately appeared in federal court the following Thursday morning. Having being scheduled to return to the consequent hearing on Jan 8, he now sits detained in New York jail.

The materials included a machete, duct tape, knives, ammonia, latex  gloves and zip ties in case of a kidnapping. They were bought from Walmart on Hudson Avenue on the 29th of December by Lutchman who was accompanied by an informant.

And what’s more? This is not the first time he has been found guilty of committing a crime. Maintaining his reputation of committing several degrees of crimes, he was even found guilty of a robbery back in 2006. Lutchman’s public record history is filled with events leading towards revealing him to be an unstable man. Being charged with  domestic violence on his former girlfriend, he was even scheduled to appear in state court during the beginning of the year.

According to relevant sources, Lutchman is said to have started corresponding with an FBI informant back in November. In fact, he was even reported to have made several statements expressing his support for ISIS. Expressing his desire to join this group in Syria, he recorded himself on his cell phone wherein he is seen swearing allegiance to ISIS and its leaders. The video, which was discovered by officials, also show him claiming responsibility for the attacks that took place in Rochester.

“Lutchman expressed his hatred for everything American and his intention to make hijra and leave America,” stated Klapec. (“Hijra” translates as migration.). According to authorities, it was Lutchman’s intentions to travel to Syria and join ISIS.

Even though, this might have started off with a simple idea or desire to join a cause, it was only put into motion when the alleged terror operator asked Lutchman to plan an operation during New Year’s Eve to kill as many Americans as possible to prove his allegiance.

Three FBI informants were set to build a strong case against Lutchman. “The FBI thwarted Emanuel Lutchman’s intent to kill civilians on New Year’s Eve,” FBI Special Agent in Charge Adam Cohen said in a news release Thursday.

“According to the (criminal complaint), as part of Emanuel Lutchman’s attempt to provide material support to ISIL, he planned to kill innocent civilians on New Year’s Eve in the name of the terrorist organization. “Thankfully, law enforcement was able to intervene and thwart Lutchman’s deadly plans,” added U.S. Assistant Attorney General John Carlin.

California Mom Decides To Take a Dump on Package Thieves

California Mom Decides To Take a “Dump” on Package Thieves

With some assistance from her 2-year-old son and her dog, Michaela Roekle found a way to get back at the thieves who stole packages from her home six different times in the past year. It was sweet, smelly revenge.

Anyone who’s ever been a victim of doorstep package theft has felt the helpless frustration of knowing that the criminals will get away without repercussion. More often than not, they don’t even know what they’re stealing from your family, or if it’s of any actual monetary value.

According to recent statistics released by, more than 23 million Americans have had packages stolen from their doorsteps at least once. It’s a troubling trend that’s on the rise, particularly in suburban areas that are filled with families.

But Roekle earned a win for everyone who’s ever felt that disappointment in humanity. Shortly before Christmas, she started planting packages that contained an unpleasant surprise for the repeat package thieves. The perpetrator(s) had been plaguing the Corona, California community for some time, and neighbors felt the punishment was well-deserved.

One Corona resident started a “Package of Poop On The Porch Week” Facebook group in an effort to rally at least 38 SoCal residents to fight back against the thieves. Roekle was just one of hopefully many of the Corona residents to follow through the nasty plan.

She collected “contributions” from her young son, Brayven and their family dog. After gathering up some up Brayven’s dirty diapers and cleaning up the yard of the dog’s poop, Roekle loaded up a series of fake packages, sealed them up, and then set them out on the doorstep to wait.

“We’re hoping they get a nice surprise when they open these up in their car,” Roekle said.

Neighbors are pleased to have an opportunity to get back at the local thieves. But the Corona Police Department says that even if the package thieves are caught stinky-handed, they can’t be arrested because the fake packages have no monetary value… just vengeful value.

A United States Post Office spokesperson said that there are better ways to prevent package theft in the first place rather than having to take revenge after the fact, or trying to catch them in the act with security cameras.

They suggest requiring a signature to receive the package and all deliveries and to contact local police if the package is stolen. Police can send a patrol car to the area to keep an eye out during peak delivery hours if it becomes a significant problem, and hopefully ward off any would-be package thieves from stealing.

But according to Roekle, she’s just happy to prove a disgusting point to the thieves. “We’re just trying to show justice,” Roekle said. She repeated what she tells her 2-year-old son; a lesson which she hopes the package thieves of Corona, California will take to heart after discovering the poop-filled decoy packages. “You don’t steal, it’s very simple,” Roekle said.

California Neighborhood Evacuated By Trump Supporter

California Neighborhood Evacuated By Trump Supporter

In Richmond, California a man was arrested by police for making a homemade bomb and communication of threats. The neighborhood on Mcbryde Ave was evacuated after a tip off to police had been made on December seventeenth. This man’s name is William Celli and he is an active Donald Trump supporter. Celli a fiftyfive year old man of California has been making bomb in his home. Celli’s anti-Muslim beliefs have been heavy announced by him on his social media account.  It was believed that Celli was going to use the homemade devices on Muslim’s. After the neighborhood was cleared swat entered the home of William Celli and arrested him on communication of threats and possession of an explosive device on Sunday December 20th.

Celli’s devotion to Donald Trump was displayed on his Facebook account stating “Donald Trumps on again I’m happy leaders okay this guys a great point man.” Quite confusing to see what this man is actually saying with all the grammatical errors but it is clear that he supports Donald Trump. Even posted pictures of his homemade pipe bomb.  Celli states “ I’ll follow this MAN to the end of the world.” Donald Trump proposed that all Muslims are to be banned from the United States and Celli couldn’t agree more. Celli goes on in older posts about how by letting the Syrian Refugees in that the Muslims would kill us all. Donald Trump’s bold statements and strong opinions affect his followers. The actions of this man are not Donald Trump’s fault but the fear he instilled may have pushed this man to insanity. Political leaders have to be careful of what they say and how they say their viewpoints. They are role models for our people. Such strong hate is what drives terrorists and extremists to murdered and kill innocent people. This is a hate crime against Muslims. Celli’s hatred has also been directed to Hispanics as well. Celli claimed on another social media rambling “And I’ve very happy to report we are getting invaded by tens of thousands of illegals.” He believes his plumbing business is being taken over by the Hispanics that are here illegally. This is also another topic Donald Trump has strong feelings about as well, immigration.

If this man had not posted his thoughts and beliefs on social media would there have been a tip off to Richmond police that he planned on using bombs on Muslims? Thankfully that was not the case. Where and when was this man planning on using these homemade devices? The Walnut Creek Bomb Squad detonated the homemade devices and they were found to be duds. A childhood friend took screenshot of Celli’s social media posts prior to them being deleted and turned them in. As the investigation unfolds on December 4th Celli shouted outside the Islamic Society of West Contra Costa County “ I am going to kill you all.” It has been discussed by some that this belief of Celli is close enough to be considered terrorism. Celli’s is currently being held in custody at a $525,000.00 bond. The date of his hearing has not been released.

bong threat

Bong Threat?

I know what you must be thinking, I’m sure that’s a typo and it is supposed to say bomb threat.” Well a bong threat is actually exactly what we are talking about here. Oceanside Police Department was in for a surprise when a concerned and brave citizen found a bag with what was believed to be an explosive device. So “bong threat” is correct in this situation.

On December third a woman (concerned citizen) came into the lobby of the Oceanside Police Department headquarters carrying a suspicious bag. With current events that have taken place everyone is on edge with possible gun and bomb threats. The woman proceeded with caution and wanted to do the right thing. This poor woman probably thinking she was carrying some sort of weapon and that it needed to be the hands of the officials. The woman bravely said to the receptionist, “ I think I have a bomb in this bag.” The receptionist looked inside the bag and unsure of what he had just saw, quickly went to his supervisor. The receptionist explained to the supervisor that he had heard the woman say that she had a bomb in the bag and came to the department to have it properly disposed of. Now of course asking questions like how did the woman come across such item were set aside because of the possible bomb threat. The supervision and a detective at this point evacuated the building immediately and made sure it was clear of any possible victims. The detective looked inside the bag and the look on his face went from concerned, surprised, and then amused. The smiling detective said “Not a bomb, bong!”

This story has already become a Facebook frenzy. The Police station posts about the incident jokingly. The receptionist was actually found to be a volunteer for the police department. The volunteer is from a generation where bongs were not of use. The lady who brought the bag stated that she indeed said bong and knew it was drug paraphernalia and not a bomb. The woman stated she had a few rental properties broken into and trashed. Upon cleaning of the properties the woman stumbled on this now infamous bong.  The woman wanted the drug paraphernalia disposed of properly and did not want anyone else to get there hands on it. The lady thought the receptionist seemed odd when she said to him “ I think I have a bong in this bag.” The volunteer had mistakenly thought the women said bomb and if he did not know what a bong was then the misunderstanding continued then led to the evacuation of the Oceanside Police Department building. At least we know that bomb and bong threats are carefully handle these officials. The poor woman was probably so confused as to why this bong threat was evacuating the building and later learned they thought she had a bomb. The department states in a Facebook post “you can’t make this stuff up..” Who knew that the word bong would ever be confused with bomb.

Weirdest Laws that Actually Still Exist in California

Some of California’s weirdest long-forgotten laws may have made sense at one point or another. But now, they just hang around for us to scratch our heads at. Unless you’re a woman driving in a housecoat, in which case you’ll be arrested.

Here are 5 other bizarre California laws to watch out for:

  • No Zoot Suits Allowed

‘Zoot Suit Riot’ is a catchy song, but it’s rooted in sad historical fact. The Zoot Suit Riots were a series of racially motivated riots that broke out in L.A. during World War II. Due to the shortage and rationing of goods at the time, high quality fabric was expensive. Using lots of high quality fabric to make a fashionable suit was deemed unpatriotic; as if the wearer didn’t care about the war effort.

Zoot suits were fashionable among many Latinos in the Los Angeles area, and drew harsh criticism from whites in the neighborhoods about the waste of fabric. Fights regularly broke out, and formed full-blown riots and violence.

Eventually, a law was passed that made zoot suits illegal in California in an effort to put an end to the fighting. The law still stands. So stick to a polo or something.

  1. Don’t Annoy the Lizards in the Park in Fresno

The law actually states: “Section 8-410. Disturbing animals in parks.

No person shall hunt, pursue, annoy, throw stones or missiles at, or molest or disturb in any way, any animal, bird or reptile within the confines of any park. (Orig. Ord. 1076).”

It’s a weird one; but fair enough, really. How would you like it if someone came into your house and poked sticks at you? You’ll get a fine for pestering the poor park pigeons of Fresno.

  1. You Can’t Crack a Window in Dana Point

This law says that it’s illegal to use your bathroom when the window is open. Even in your own home. Supposedly, the idea behind it is that it’s bad enough to have to stink up your own bathroom. But nobody else wants to have to smell it, too.

It’s gross. But again; this one makes some sense. We all get along better with our neighbors if we don’t have to smell them at their worst.

  1. When There’s No Driver, the Speed Limit is 60 mph

What?! ….What?! How?

In the state of California, a car may not exceed the speed of 60 mph… if there’s nobody driving it. The only possible explanation is that it was intended for cars that were maybe being towed behind other cars or trailers. But no- they had to phrase it in the most perplexing way possible.

Really, if your vehicle manages to make it up to 60 mph all on its own, it deserves a medal rather than a ticket.

  1. You Can’t Store Anything in Your Own Garage in San Francisco

The housing codes in San Francisco are extremely strict, and Chapter 6 of the San Francisco Housing Code 399-89 is no exception. Garages are only for cars.

So you’re stuck with a building a separate shed (if you manage to get it approved), your attic, or a renting a storage unit somewhere if you have some knickknacks you want to stash away.

Strange Bright Light Noticed in Southern California Sky

A Trident II D5 missile

In the United States, people are simply fascinated with strange occurrences, and the unknown. It is no wonder that many people were confused when they saw a strange, bright light in the sky. This mysterious occurrence occurred earlier in the month, on a Sunday evening. The bright light streaked over the California night sky. This light was so bright, that it was reported in Colorado, Nevada, Arizona and even Mexico. What exactly was this strange light, where did it come from, and was it really supernatural?

Area residents report what they saw

There were many accounts reported by residents stretching from Southern California to the San Francisco Bay area. Although each person thought the light was something different, most people detailed exactly what the light looked like, using the same terms. It was a bright, shining light that looked as if it was moving throughout the sky. Some could see the color fading from a bright red to a white, blue, or green. People had no idea what was going on. There were ideas thrown around that the light was a meteor, nuclear bomb, a secret NASA project, or celestial sighting. Several videos were posted to popular social media websites where the light actually looked like it was headed toward the ground. It was definitely a sight to behold, but it didn’t turn out to be anything out of the ordinary.

What was the strange light?

The United States Navy announced later, that the bright light came from an unarmed Trident missile, which was launched from the Kentucky submarine off the coast of Southern California. They claimed that this was in fact a scheduled launch, while residents nearby told news reporters that they always announce these types of missile launches ahead of time. The Navy did respond to state that this particular type of missile launch is not routinely announced, but is classified after the launch takes place. NBC News reported that the missile was not armed. A spokesperson for the United States Navy states that, “Navy Strategic Systems Programs conducted scheduled Trident II (D5) missile test flight at sea from USS Kentucky, an Ohio Class SSBN, in the Pacific Test Range off the coast of Southern California. The tests were part of a scheduled, on-going system evaluation test. The Trident II is a submarine-launched ballistic missile.” Viewers simply experienced the military taking part in a series of tests, in order to make sure their system is reliable.

Viewers believe it was really just a missile?

Even after the Navy came out with their statement announcing that the light came from a tested missile launch, there were still people who didn’t want to believe it, and thought it was all just a cover up. There are always going to be certain individuals who want to believe in the extraterrestrial, and that there is life beyond planet Earth. Unfortunately for these people, they are just going to have to come to terms that the mysterious light was not out of the ordinary.