Scam Diego Entries for November, 2009

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Hedge Funds Buying Stocks, Wee Folk Selling

The so-called smart money (in this case, hedge funds) continues to buy stocks while small investors sell, notes Bloomberg News. ...

AIG (That's Us) to Pay Its Ex-CEO's Legal Fees

The insurance conglomerate A.I.G. waited until late in the day before Thanksgiving to announce an outrageous move that has the ...

Rate of Home Price Declines Continues Dropping

San Diego home values rose 0.9% from August to September, according to the Case-Shiller index published by Standard & Poor's. ...

Kelley Stresses Breen's Purported Amnesia in New Motion

Cartoonist Steve Kelley, whose suit against the Union-Tribune was thrown out by Superior Court Judge Jay Bloom in early November, ...

SDGE Disconnects Rise to Low Income Households, but at Slower Rate Than Other Utilities

A report by the California Public Utilities Commission's Division of Ratepayer Advocates, a division of the PUC that represents interests ...

SEC Busts Somali Promising 5% a Month

The Securities and Exchange Commission has gotten a court order stopping Mahamud Ahmed of Spring Valley from running an investment ...

Local Unemployment Rate Rises to 10.5% in October

The San Diego County unemployment rate for October rose to 10.5% from a revised 10.4% in September, according to the ...

Isis Experimental Drug Lowers Cholesterol, but Has Damaging Side Effects

Stock of Carlsbad-based biotech Isis Pharmaceuticals plunged 17.01% today to $11.12 on good/bad news. Isis is developing a drug with ...

Isis Experimental Drug Lowers Cholesterol, but Has Damaging Side Effects

Stock of Carlsbad-based biotech Isis Pharmaceuticals plunged 17.01% today to $11.12 on good/bad news. Isis is developing a drug with ...

He Promised Investors 2% to 6% a Week; He's Headed to Prison

Rancho Santa Fe residents have come up with some wild frauds in the past, but this one deserves special mention. ...

"Crisis of Unprecedented Proportions" Coming in Commercial Real Estate

Randall Zisler of Zisler Capital Partners warns of a "crisis of unprecedented proportions" looming in commercial real estate. His report ...

Blackwater OK'd $1 Million Hush Payments to Iraqis: Reports

Blackwater Worldwide, the mercenary firm that failed in its attempt to put a training camp in East County's Potrero, is ...

Former Mail Boxes Etc. Franchisees' Suit against UPS Certified

Superior Court in Los Angeles has announced the certification of a class action suit brought by former Mail Boxes Etc. ...

Final Peregrine Settlement Is $117 Million

Federal court in San Diego has approved $56 million in settlements in the Peregrine Systems fraud. This was approved by ...

Employment Numbers Worse Than Reported, but Main Street's Pain Is Wall Street's Gain

The U.S. unemployment rate surged to 10.2% in October, up from 9.8% in September, as the nation lost 190,000 jobs. ...

Defense, Fire Reconstruction Propel San Diego Economy

War and natural disasters propped up the San Diego economy last year. According to Kelly Cunningham, economist for the National ...

Supreme Court Justice Asks: Who Passed Bribe?

The California Supreme Court is hearing today (Nov. 4) the case of whether former San Diego City pension board members ...

SDGE Lobbyist Said to be Innocent, Reinstated

In early September, there were reports that then-Assemblyman Mike Duvall had earlier bragged about his sexual conquests -- unfortunately, captured ...

Here's A New One: U-T Owners Understate Claimed Readership

The Union-Tribune boldly asserts that 1.15 readers look at its printed edition each week. This is based on data provided ...

Dollar "Carry Trade" Creates Global Asset Bubble That Will Burst

New York University economist Nouriel Roubini, who predicted the current woes, says that borrowing cheap dollars has created a massive, ...