Scam Diego Entries for May, 2009

Subscribe

As Expected, GM Will Go into Bankruptcy Tomorrow

To no one's surprise, the White House is saying this evening (May 31) that General Motors will go into bankruptcy ...

Two Top U-T Officials Get the Axe

A management person has confirmed rumors going around the Union-Tribune today (May 29). Robert (Bobbie) Espinosa, head of human resources, ...

Tourism in Tailspin

The occupancy rate of San Diego hotels plunged to 64.5% in April from 74.4% in April of 2008, according to ...

Some Legislators Pushing Bill to Curb State Municipal Bankruptcies

According to the Wall Street Journal today (May 28), some California legislators are pushing a bill that would make it ...

Corporate Heads Warn: Sober Up

The stock market has finished three martinis and is now working on its fourth. Governments have poured so much liquidity ...

After Long Drought, San Diego Lead Indicators Turn Up

The leading indicators of the San Diego economy turned up in April to 100.9 from 100.7 in March. The index ...

Investigated Hedge Fund to Close; San Diegan Provided Information

The Wall Street Journal reports today (May 27) that Arthur Samberg's Pequot Capital Management is liquidating its core hedge fund ...

Amylin Loses Two Board Seats, but Won't Reincorporate in North Dakota

Biotech Amylin Pharmaceuticals lost two board seats today (May 27) in shareholder voting. Eastbourne Capital Management and corporate raider Carl ...

Local Home Prices Continue Dropping

San Diego metropolitan area single-family home prices continued dropping in March -- down 1.5% from February and down 22% over ...

Realistic Funded Level of City Pension Plan Now 56.8%

Earlier this month, the City's chief operating officer, Jay Goldstone, sent a memo to the mayor and council members outlining ...

San Diego's Unemployment Rate Drops, but Job Losses Continue

San Diego County's unemployment rate was 9.1% in April, down from a revised 9.5% in March, according to the Employment ...

Local Law Firm Sues AIG for Fraud in Los Angeles Court

Aguirre, Morris & Severson, the San Diego law firm made up of former top officials of the city attorney's office, ...

Vical Stock Surges on Alleged Swine Flu Advance. Be Wary

Biotech Vical stock is soaring more than 29% to $2.84 this morning (May 21) as the company announced that it ...

Laid-Off U-T Workers Told to Leave Friday, Will Be Paid until July 6

Union-Tribune employees who were laid off in the recent round were told today (May 20) that they should leave Friday ...

Property Tax Reassessment Firm Still at It, but under Investigation

Property Tax Reassessment, a Los Angeles firm, continues to send its pitches to San Diego residents. The letter, which looks ...

Consumer Spending to Fall as Households Shed Debt, Says San Francisco Federal Reserve

In a just-released study, researchers at the San Francisco Federal Reserve say that the nation may be in for a ...

Derivatives Regulation Proposal Leaves Huge Loophole, Says Partnoy

The Obama administration's proposal for regulating derivatives is a good step, but "reopens a dangerous loophole," says Frank Partnoy, University ...

Boston Globe Writers Ask if Platinum Might Want Their Paper

Two Boston Globe writers asked in a recent story if Beverly Hills's Platinum Equity, now that it has purchased the ...

Padres Charging Less, Winning Less, Attracting Fewer

Following a dismal 2008 season, the Padres cut the average ticket price this year by 27% to $20.01, according to ...

Bad Review for New Union-Tribune Publisher

This blog post by Ron Kaye, an ex-editor of the L.A. Daily News, has been making the rounds, but we ...

Newspaper Chains McClatchy, Lee May Be Worth Nothing

The prestigious stock-rating firm of Morningstar says that two big newspaper chains, McClatchy and Lee Enterprises, may be worth zero. ...

Apropos This Week's Cover, An Interesting Piece in the NYT re Waning Influence of Christians in the Middle East

This morning's New York Times has an interesting story about the waning influence of Christians in the Middle East, noting ...

SD Home Prices Down 30% in Last Year, but That's Better than Bay Area, LA, Other Markets Did

San Diego home prices dropped 30% in the last year, according to data from the Center for American Progress. The ...

Bauder Back, but Infirm; Expects to Resume Blog Posts, Write Columns Unless Condition Questionable

I am back after three weeks+ overseas, where I was incommunicado. Thanks to those who have written me messages inquiring ...

Platinum Equity Names New Union-Tribune Publisher with Reputation for Cuts

Beverly Hills-based Platinum Equity, which took over the Union Tribune last week, has announced that Ed Moss of L.A. will ...

Black Press's Red Ink Mounts

Yesterday brought yet another major debt downgrade of Black Press, Ltd., the Canadian-based outfit run by David Holmes Black, who ...

State's Professional Sports Teams Ante Up for May 19 Ballot Measures

Look who’s backing the May 19 ballot measures, specifically the Yes on 1A campaign being waged by Gov. Arnold Schwarzenegger: ...

City Auditor Blasts Qualcomm Stadium Management Over Missing Files, Gross Mismanagement, Unverified Revenue

San Diego’s City Auditor is out with an audit report on Qualcomm Stadium concluding that if the Chargers leave town, ...

End of Yet Another Era: Burl Stiff to depart the Union-Tribune June 4

On the heels of yesterdays’ announced layoff of 192 employees at the Union-Tribune, society writer Burl Stiff, who has covered ...

Tracking the Takeover: Union-Tribune layoffs on schedule

TV and other websites are full of the news. Less than a week after the U-T takeover by Platinum Equity ...

Tracking the Union-Tribune Deal: Five parcels sold for a total of $51.2 million

Just how much in a hurry was David Copley to unload the Union-Tribune? The close of the sale to a ...

Olympic Snowboarder Allegedly Hits Some San Diego Snow

The Vancouver Sun brings word of yet another San Diego cocaine connection. This one involves Ryan Wedding, a 27-year-old Olympic ...

Early Word on U-T Transition: Hope Winner Stays

Platinum Equity's Mark Barnhill has told Editor & Publisher that the company hopes Union-Tribune editor Karin Winner stays on board ...

Countdown to the Union-Tribune takeover by Platinum Equity

We're still waiting for the official announcement, but a spokesman for Beverly Hills-based Platinum Equity, which put together the buyout ...

Copley Bell Rings No More: Union-Tribune Sale Closes Monday?

The end of the Copley-era at the Union-Tribune apparently arrived yesterday when workers at the Mission Valley plant were photographed ...

Bonnie Dumanis pays off her Bank of America loan

District Attorney Bonnie Dumanis has closed out her campaign committee, Bonnie Dumanis for District Attorney, but not before raising enough ...

Is the Union-Tribune deal about to close?

Is the close of the Union-Tribune sale to Beverly Hills-based Platinum Equity by the Copley Press near completion? So says ...