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Small business growth stifled amid improving job market

SACRAMENTO - Recent statistics are showing a decline in the number of new, small businesses in the United States. 

Some economists believe one reason fewer small businesses are opening up shop comes down to the fact that potential entrepreneurs are capitalizing on an improving job market, choosing to join the general workforce rather than venturing out on their own.

According to the Ewing Marion Kauffman Foundation, there were an estimated 514,000 new business owners per month in the U.S in 2012. That number is down from 543,000 per month in 2011, and 565,000 in 2010 which was the peak of the recession.

In regards to Sacramento specifically, the city recently made a list of the most unfriendly cities for small businesses, due in part to high tax rates.

Bills would expand Yosemite National Park

SACRAMENTO, Calif. (AP) - Two members of California's Congressional delegation have introduced bills that would expand the boundaries of Yosemite National Park for the first time in 70 years.  

Sen. Dianne Feinstein and Rep. Jim Costa introduced the companion bills on Tuesday.  

They would add 1,600 acres on the park's western border to its existing 761,000-acre territory, fulfilling the vision of famed naturalist John Muir. He had argued for the land's inclusion more than a century ago, but lost out to timber interests.  

The land offers stunning views of the Merced River. Pacific Forest Trust has agreed with a group of private landowners to sell it to the National Park Service. The value still has to be appraised.  

Costa and Feinstein, both Democrats, say the money would come from fees from offshore oil drilling.

Powerball jackpot grows, thanks to Calif.

SACRAMENTO - Is it time to get your Powerball tickets yet?  The current estimated jackpot stands at $116 million. 

Two weeks ago, when the state joined Powerball, California immediately set a record, selling more than $8 million worth of tickets in the first three days.

A week ago, the grand prize was $80 million and the last six times that happened, it rose by the minimal increment, going from 80 to 90, then to $100 million.  But this time, it went from 80 to 95, to $116 million.

California is just one of 43 Powerball states, but the state also accounts for about 12 percent of the population.  Long-term, the jackpots will grow faster.  But the odds of someone hitting the jackpot is now greater as well.

Senate panel considers ag jobs provisions in immigration plan

By Raju Chebium
Gannett Washington Bureau

WASHINGTON -- A proposal by Sen. Dianne Feinstein to legalize up to 1.1 million undocumented farm workers got its first hearing on Capitol Hill on Monday as a Senate committee spent the day examining various aspects of a sweeping immigration-reform bill.

Feinstein, a California Democrat, wrote the farm worker provision in the 844-bill along with Sen. Michael Bennet, D-Colo., and Republican Sens. Orrin Hatch of Utah and Marco Rubio of Florida. Bennet and Rubio are members of the "Gang of Eight" -- four Democratic and four GOP senators -- which wrote the overall bill unveiled last week.

The Senate Judiciary Committee, where Feinstein is a senior member, is the first congressional panel to study the entire bill. Monday marked the second of at least three hearings by that panel; the third hearing is Tuesday. The committee has to approve the bill before it can advance.

Man arrested in Turlock attempted kidnapping

TURLOCK, CA - A man was arrested early Wednesday morning after attempting to kidnap a young woman on the road, says the California Highway Patrol. 

The 18-year-old victim was walking alongside Highway 99 near Monte Viste Avenue when she was approached by a man driving a vehicle at around 4:16 a.m. The driver, identified as Aden Aden, 22, of Tempe,  Arizona, asked the victim if she needed a ride, to which she declined, she told officers.

The young woman continued walking. Aden allegedly pursued her, grabbing, choking and beating her, according to the CHP report. The suspect then reportedly forced her into his car and was walking to the driver's side when the young woman escaped. 

According to the report, Aden chased the victim down, stole her purse and started to choke her again.

Maloofs set Friday deadline for Sacramento Kings offer

SACRAMENTO, CA - The Maloof family is saying those behind the Sacramento bid to buy the Sacramento Kings have until 5 p.m. Friday to submit a written, binding offer that matches that of a Seattle group, sources say.

The Seattle contingent, led by hedge fund manager Chris Hansen and Microsoft CEO Steve Ballmer, has offered the Maloofs $525 million for their 65 percent stake in the team.

Last week, the Sacramento investment group submitted its offer to buy the Kings and build a new arena to the NBA's relocation and finance committees. The dollar figure wasn't made public, however, it was likely more than an earlier offer that Commissioner David Stern described as not financially comparable to Seattle's.

The Sacramento group made verbal dollar commitments. The Maloofs want them in writing. If received, the family says it will consider the offer seriously if NBA owners vote against the Seattle proposal.

What's with all the wind?

SACRAMENTO - Unless you've been living underground in Sacramento or the surrounding areas since Sunday night, you've likely noticed some severely strong winds in the area.  If you've ever wondered where wind comes from or what makes it windier on some days than others, meteorologist Ashton Altieri's following explanation should help to clear things up a bit:

"Wind is caused by air flowing from high pressure to low pressure because the laws of physics (specifically the Second Law of Thermodynamics) say states of higher energy always move toward states of lower energy.

Since last weekend, Northern California has been between a large area of low pressure to our east and a large area of high pressure to the west. The closer the high and low pressure areas are together, the stronger the "pressure gradient" will be and the stronger the winds.