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Lerach: Don't Blame Public Union Members. Blame Wall Street
The top 6 banks control assets equivalent to 60% GDP. In the 1990's that figure was 20%. Arguing which is the bigger problem is like arguing which is the bigger mountain, Mount Everest or Mauna Kea. It boils down to an argument of semantics, and at the end of the day they are both pretty frickin big.— March 1, 2011 5:17 p.m.
Lerach: Don't Blame Public Union Members. Blame Wall Street
It's not "just one state", it is 10% of the US population and 13% or the total US GDP. Also, it is reported that there are closer to 300 Goldman Sachs "Partners" (not true partners anymore since they are now public), not 80, and that they are reported to take about 40% of the bonus pool. The bonus pool in 2009 was reported to be $20.3 billion. Divide that among the 450K in CA law enforcement and you have a bonus of $45K each per year. I'd say that is a pretty stark indictment that Goldman Sachs is allowed to skim a ridiculous amount off the top of our economy. Law enforcement is overpaid, but it pales in comparison to the bankers, both individually and en masse.— March 1, 2011 9:42 a.m.
Wisconsin Governor Proposes Deep Benefit Slashes
An ego twice the size of Sanders or twice the size of Sanders' ego? It is an important distinction. Supposedly Sanders is working out and slimming down, so to compare SP's ego to merely twice the size of a slimmed down Sanders might now be considered an insult!— February 17, 2011 4:50 p.m.
Wisconsin Governor Proposes Deep Benefit Slashes
How exactly would you propose to organize a government that is NOT a monopoly? That would be an interesting (failed) experiment. I agree with Don that if "managed competition" is run by pols in San Diego, you will get exactly what you would expect, and you will long for the days before services where outsourced. I also agree with you that giving safety over half the budget is just plain wrong. There are only so many hours you can cut the library and so many programs to keep youth engaged and out of gangs to cut from parks and rec. The irony is the more we cut city services the more we need the police to protect us from the fallout.— February 17, 2011 6:57 a.m.
Wisconsin Governor Proposes Deep Benefit Slashes
"BTW- I have no ego, in fact I an very humble" "I have no ego, but I do admit I have a certain amount of deep contempt for the public employee unions in this state." ============================================= You've got to stop doing that. Everything you wrote past those two lines is irrelevant, because I couldn't read any further.— February 17, 2011 6:44 a.m.
Wisconsin Governor Proposes Deep Benefit Slashes
Yes, that's the rub. In a city that will underestimate (or not even perform) the 30% that is required for proper oversight and management, out-sourcing will add to the problem, not make it better. In a city that can manage itself, outsourcing is not needed in the first place. It's a chicken or egg problem. When someone like Sanders champions out-sourcing, you know exactly what the purpose is, and it is not about the financial health of the city or the average taxpayer.— February 17, 2011 6:40 a.m.
Many Jobs Are More Dangerous Than Police, Firefighting
Don, Not only that, but the last year for which I checked stats showed roughly half of the fatal accidents for police officers were due to traffic accidents. The most dangerous job for a policeman is driving and making stops where you are standing in traffic. I believe that sanitation workers had an even higher fatality rate than police due to the same risks (lots of driving and exposure to traffic), yet nobody is begging to give them more in pay and pensions.— February 15, 2011 1:28 p.m.
Gores in Intense Talks to Buy Detroit Pistons
Matt Potter wrote a good article when Platinum bought the UT. http://www.sandiegoreader.com/news/2009/may/13/co…— February 15, 2011 7:52 a.m.
Gores in Intense Talks to Buy Detroit Pistons
The Gores brothers grew up in Flint, right? About 30 miles from The Palace in Auburn Hills? (Ironically, Beverly Hills, MI is also just a stones throw from the Palace). Does this sound like a business move to buy an undervalued team, or a sentimental/ego move to buy the sports team he grew up with?— February 14, 2011 9:12 a.m.
Startling Naming Rights Deal May Boost Downtown LA Stadium
Not to worry. If you think a nationally recognized multi-billion dollar tech company should be marketed the same way as a free local paper, then there is no danger of you ever working for me. Qualcomm did exactly what you said not to do. They went public in 1991 and spent millions building their national brand, especially from 1997 on. All that did for them was interest people enough that their stock rose 35 times from 1997 to 2000. What chumps they were. They should have listened to you.— February 3, 2011 7:07 p.m.