A.M. Splash: 8 Shot in Oakland; Facebook IPO Report; Cut an Xmas Tree, Help Marin County

  • At least eight shot including 1-year-old child in West Oakland (Oakland Tribune)
  • At least eight people, including a 1-year-old boy, were shot Monday night during what police said was a videotaping of a rap music video.

    The child was reported in critical condition after undergoing surgery at Children’s Hospital Oakland for a bullet wound to the head. An adult woman was also in critical condition with unspecified injuries, according to Oakland Police Department spokeswoman Johnna Watson. Police said the other victims were in stable condition.

  • Facebook Targeting IPO Between April and June 2012 (Wall Street Journal)
  • Facebook Inc. is inching closer to an initial public offering that it hopes will value the company at more than $100 billion, according to people familiar with the matter.

    The social networking firm is now targeting a time frame of April to June 2012 for an initial public offering, said people familiar with the matter. The company is exploring raising $10 billion in its IPO—what would be one of the largest offerings ever—in a deal that might assign Facebook a $100 billion valuation, a number greater than twice that of such stalwarts as Hewlett-Packard Co. and 3M Co.

  • Banks made billions on secret Federal Reserve loans (Bloomberg)
  • The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret…

    Bankers didn’t mention that they took tens of billions of dollars at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market interest rates, Bloomberg Markets magazine reports in its January issue.

  • Feinstein’s GOP Challenger is a Danville Mother (Bay Citizen)
  • Sen. Dianne Feinstein has a challenger in the 2012 election.

    Elizabeth Emken, a children’s advocate from Danville who lost a congressional bid in 2010, announced her candidacy Monday on Flashreport.org, the conservative blog covering California politics.

    According to her bio, Emken, 48, has plied the legislative corridors for 20 years as an advocate for children with autism. (She has a 19-year old autistic son.)

  • Judge rejects California’s attempt to take local ‘First 5′ money (Sacramento Bee)
  • A Fresno judge has ruled that California’s attempt to take $1 billion from local First 5 commissions was illegal. The programs are funded by a voter-approved tobacco tax to provide early childhood development services.

    Gov. Jerry Brown and state lawmakers initially relied on the funds in March to help balance a then-$26 billion state budget shortfall. State leaders shifted that money toward ongoing Medi-Cal costs for children up to age 5.

  • Crab season: Fishermen, processors claw out deal (SF Gate)
  • Seafood processors essentially flipped an extra quarter into the pot Monday and, with that, local fishermen dashed to their boats and rumbled out of San Francisco Bay in a mad scramble for Dungeness crab.

    The commercial crab season officially began moments after Central California crab fishermen and seafood processors agreed to a price of $2.25 per pound for the spindly crustaceans.

  • County offers special deal: Cut your Christmas tree for free at Ring Mountain (Marin Independent-Journal)
  • Marin parks officials this season are offering a gift for families as well as the environment in a novel Christmas tree-cutting program that debuts Saturday.

    Families who want to cut their own tree can do so for free and help clear the Ring Mountain Open Space Preserve near Tiburon and Corte Madera of an unwanted, invasive species — the pine tree.

    Author

    Rachel Dornhelm

    Rachel Dornhelm has worked as a reporter, editor and producer in public radio for the last twelve years. She got her start in New York City at WNYC and went on to work with the national business program Marketplace, WBUR’s “On Point” and KQED News in San Francisco. Her work has been honored by the LA Press Club and the SF-Peninsula Press Club.

    Rachel has a BA with honors in anthropology from Rice University and did graduate work at NYU.

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