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Fabiani pushes Chargers stadium at Tailgate Park
Don, if building a new stadium puts the city in bankruptcy, have you ever considered that bankruptcy may be a good option for the city of San Diego right now? It would help with restructuring all that pension debt we have.— January 1, 2010 10:36 a.m.
Can Feds thwart runaway exec pay?
FYI, Paul Jacobs (pictured far left) took a (mostly symbolic, I realize) 25% salary reduction this year after announcing that there would be a salary freeze across the board for all his employees. Without even discussing whether his compensation is obscene even after the 25% cut, I appreciated seeing that.— November 11, 2009 1:20 p.m.
East Village like ghost town after Padres season
I enjoy East Village a lot, but it was built in time of collective temporary insanity. Sure, the demographic in East Village may be young professionals now, but is it possible to fill all the very large, shiny condos and apartments with yuppies? Where are they all going to come from? It doesn't seem like the commercial buildings downtown are filling with businesses to supply jobs to this demographic of East Village tenants any time soon. Without businesses bringing residents seeking convenience, prices will have to drop to attract retirees and blue collar workers and schools will have to come in to attract families. I suspect this will all work itself out eventually. These buildings aren't going anywhere and if business doesn't come back, the market will punish the building owners until a happy equilibrium is met. Until then, I'll keep supporting the local businesses as much as I can afford to and hope for the best.— November 11, 2009 1:09 p.m.
Gambling employees do better in San Diego than in Las Vegas
You should talk to those Vegas dealers about the tips they get. My understanding is that they are kind of like bartenders where the hourly wage is about as low as the casino can possibly pay them because they make enough in tips to compensate. It's not hard to imagine when the table games start at $5 and go up. They all rotate through variety of tables and stakes periodically and the games don't last very long.— September 23, 2009 3:59 p.m.
Alan Greenspan proclaimed that central bankers can’t foresee or forestall bubbles
Response to #11: He's not in a position to be a "fraudster." He doesn't have to try to distill unimaginably complex interactions to the general public to explain why their retirement funds are worth half as much as they were five years ago. The problem with putting anyone at the captain of this ship is that they will very quickly have to explain things that they can't possibly know. So either they lie to themselves and tell you the truth, or they lie to your face. Take your pick. Nobody will get to that position by telling the truth. Additionally, Telab's in a position where people think he's a market expert due to his success. While I agree that his uniquely psychological investment strategy is sound and has worked out for him very well, I don't think he's any more of an expert than the million other people who share his opinion of what we should be doing with the market at this point in time. You don't have to go far to find someone who has been predicting this downfall for years now. Response to #48: I agree with this to some extent, but stifling complexity stifles innovation and growth. Furthermore, how much do you dumb/shrink/regulate it? It's a balancing act between speed of growth and safety, or greed and fear. I don't have any problem with derivatives at all. I don't even have a problem with leverage, as long as you have the cash to back it. I feel like all these banks just went into the Wall Street casino and bet a bunch of money they didn't have. When the casino came to collect and the money wasn't there, the government had to hit the reset button. It's fun to argue about what would happen if we implemented the ideas of this expert or that for the reset button, but I don't think it matters too much in the long run. We won't ever get the right answer.— September 17, 2009 6:15 p.m.
Alan Greenspan proclaimed that central bankers can’t foresee or forestall bubbles
Nassim Taleb came up with a successful investment strategy based on a human psychological observation. That investment strategy has worked out very well for him so far, but that doesn't in any way make him an expert or qualified to be the Treasury Secretary. Plus, the guy is completely full of himself.— September 16, 2009 10:33 p.m.
Alan Greenspan proclaimed that central bankers can’t foresee or forestall bubbles
I think there may be a fundamental problem with trying to proactively regulate a system that is so complex, nobody fully understands it. At best, it seems like all we can do is reasonably react to the current state of the market. The market will continue evolving as people discover new inefficiencies to exploit and I just don't know if anybody is up to the challenge of understanding it all. I think the average person wants to take comfort in believing that there's someone at the helm who has the knowledge and control over the market to steer the boat, but I personally don't think that's even possible.— September 16, 2009 1:23 p.m.
El Cajon no-smoking law flouted
I don't smoke and I don't like being around smokers. I don't agree with the law, but I respect the city's right to legislate whatever they want. All that said, any unenforceable law is a stupid idea.— August 26, 2009 2:18 p.m.
John Moores sinks Padres pay to number 29 of 30 teams
The entire Padres/Petco stadium situation is sad. I wish we had someone in charge of the team who cared as much about honoring promises to the public and giving fans what they want as they did about making money. Unfortunately, who can we blame other than ourselves? Hopefully we will learn our lesson and not pour money into "investments" with "partners" who only give us promises and not solid contracts.— August 26, 2009 2:05 p.m.
Air conditioner, adjustable bed scams
SDaniels, The best job board I've ever was the one from the University at the school I attended. I'd venture to bet that most schools have some form of job boards for their students. Another good option for students are job fairs on campus. Before scouring online job postings on craigslist, monster.com, or any other site, I'd suggest applying to positions on individual company websites and networking with people in your classes.— August 1, 2009 12:06 p.m.