The Thursday Afternoon Cram, 8/2/12

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Officials Discover $54M in Fund After City Park Crisis
Underaged lemonade salesmen, city supervisors not amused.
[LAT

City of San Bernadino Owes Creditors $1B
It’s filed for Chapter 9 protection.
[NBC LA] 

Carmageddon, the Sequel
The countdown to the 405’s next major scheduled closure is on.
[ABC

LAPD Seizes 50 lbs of Pot in Woodland Hills
A 23-year-old man was arrested on suspicion of possession for sales of marijuana.
[Daily News

Santa Monica Budget Adjustments May Impact Bike Action Plan Despite Support
Don’t plan on sharing a bike just yet.
[SMDP

Profits Up at CBS
#CB$.
[Variety]

USC Ranks Third in USA Today Coaches’ Poll
Trojans take bronze!
[ESPN LA

Ralphs Now Sells Gas in Southern California
Fill your fridge and your tank.
[Daily News

Katherine Jackson Legal Guardian of Michael’s Children—Again
Order restored.
[People]