Scam Diego Entries for June, 2009

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Local Home Prices Dropping at Slower Rate

San Diego County home values declined 0.1% between March and April, compared with a 1.5% decline between February and March. ...

Watchdog Institute Puzzles Union-Tribune Staffers

On Friday, June 26, U-T editor Karin Winner sent an enigmatic message to the staff. Her very close friend Lorie ...

San Diego Lead Indicators Rise for Second Month

The lead indicators of the San Diego economy, compiled by Alan Gin of the University of San Diego, rose for ...

SEC Charges Chula Vista Resident with Running $14.7 Million Ponzi-like Scheme

The Securities and Exchange Commission charged in federal court today (June 24) that Moises Pacheco of Chula Vista has fleeced ...

San Diego's Hotel Business among Nation's Worst

San Diego hotel/tourism statistics are looking horrible, particularly when compared with performance in other cities. According to Smith Travel Research, ...

Whistleblower Shipione Heads to Harvard

Diann Shipione, the former member of the City pension board who exposed the frailty of San Diego finances and the ...

San Diego Unemployment Rises to 9.4% as Job Losses Grow

The unemployment rate in San Diego County jumped to 9.4% in May, up from a revised 9.2% in April and ...

CNBC Features Tom Gores, Mike Aguirre -- Separately

A CNBC news report tonight (June 18) at 5 p.m. put the spotlight on Tom Gores, the Beverly Hills financial ...

Whitacre Wrong Choice for GM, Says Graef Crystal

Former San Diegan Graef Crystal, one of the ranking experts on executive compensation, says on his website (GraefCrystal.com) that Ed ...

U-T "Deeply Mediocre," Says Columnist Discussing Globe

Is the Boston Globe worth $250 million, or should its owner, the New York Times, pay someone up to $40 ...

Bailout Bubble -- Watch Out

The Saturday/Sunday (June 13-14) Wall Street Journal has a "must read" article, and I am not saying that because the ...

Why Haven't State Regulators Gone After AIG?

The government has pumped more than $150 billion into bailing out American International Group (AIG), the big insurance conglomerate that ...

Platinum's Juicy, Subsidized Deal for Delphi Runs into Snag

Platinum Equity, the Beverly Hills private equity firm that bought the Union-Tribune for a song, has been trying a similar ...

Appellate Court Says DROP Not Vested Benefit

The federal Ninth Circuit Court of Appeals posted today (June 10) its decision that the City's Deferred Retirement Option Plan ...

Generation Y Likes San Diego for Job Prospects

This year's 2.3 million college grads were asked in a poll what locations would be the best for job-hunting. San ...

Waring Named to Housing Commission by 6-2 Vote

Jim Waring, who championed Sunroad while he was Mayor Jerry Sanders's real estate czar, was approved for a seat on ...

Market Slices Callaway Golf Stock

Stock of Callaway Golf is down 13.19% this morning (June 9) to $6.32. Yesterday, the maker of golf clubs and ...

Boston Globe Union Rejects Cuts; Owner NY Times to Slash Unilaterally

A classic battle that may play a role in the future of daily newspapers took place today (June 8). The ...

Posh W Hotel to Default, Go Back to Lenders

The super-upscale, 258-room W Hotel at 421 B St. will go into default this month and go back to its ...

Copley Building Sold for $4.75 Million Advertised for $6.5 Million

You may flip your wig over this one. In today's (June 7) Union-Tribune is a quarter-page ad for a building ...

Once-Imprisoned Philip Lochmiller in Trouble Again

On Sept. 20 of 1985, Philip Lochmiller of North County's by-then-bankrupt Lochmiller Mortgage was sentenced to three years in state ...

U-T Gets New Sales VP from Paper It Once Owned

The Union-Tribune has hired Mark Ficarra to be vice president of sales and marketing, according to an article in the ...

Was Employment News Good or Bad? Er, Yes

The Labor Department announced this morning (June 5) that the nation lost only 345,000 jobs in May; economists had expected ...

Waring Up for Housing Commission; Protests Abound

On June 9, the city council will consider appointing Jim Waring, the former real estate czar for Mayor Sanders, to ...

Countrywide's Ex-Chief Mozilo Charged with Fraud

The Securities and Exchange Commission today (June 5) charged Anthony Mozilo, former chief executive of the former Countrywide Financial (now ...

Newspapers Suffer Worst Quarter in Modern History

Last Thursday, the Newspaper Association of America quietly posted almost unbelievably grim news on its website. Advertising sales plunged by ...

Raider Icahn Says He Won Two Seats on Biotech Board

Corporate raider Carl Icahn this afternoon (June 3) said he has won two of 13 total seats on the board ...