Scam Diego Entries for January, 2010

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Qualcomm Lowers Forecast; Stock Plunges 9%

Stock of San Diego telecom superstar Qualcomm is down 8.98% in after-hours trading this afternoon (Jan. 27). After today's market ...

Copley Sold U-T at Bottom, Whether or Not iPad Rescues Newspapers

Most daily newspaper stocks are up sharply this morning (Jan. 27), partly because the unveiling of Apple's new iPad has ...

Enron Revisited: City Pension Fund in No Better Shape

It was almost exactly six years ago that the City of San Diego was forced to admit that it had ...

Seven Straight Home Price Gains for San Diego

San Diego County home values were up for the seventh straight month in the November 2009 Case-Shiller/Standard &Poor's data, released ...

Obama Wants to Freeze Spending; Wall Street Horrified

Media are reporting that President Obama will call for a three-year freeze in spending on many domestic initiatives. After that ...

December Unemployment 10.1%

San Diego County unemployment was 10.1% in December, down from a revised 10.6% in November. However, the county lost 1,600 ...

Wisely Listening to Volcker, Obama Proposes Restrictions on Banks

Finally showing some backbone and taking advice from former Federal Reserve Chairman Paul Volcker, President Obama today (Jan. 21) proposed ...

Pension Costs Reach 69% of City Payroll, Says DeMaio

Councilmember Carl DeMaio says that the City's annual pension payments have zoomed to more than $231 million or an astounding ...

Parent of Denver Post Files Bankruptcy

Another newspaper chain is headed for Chapter 11 bankruptcy. Affiliated Media, holding company for MediaNews Group, plans to file for ...

Is That La China Seeking a Lover Online?

Richard La China, the San Diegan who was called "a serial Ponzi schemer and career impostor" in a civil lawsuit, ...

Americana from Copley Library Will Be Auctioned in New York

The New York Times today (Jan. 16) relates how items from La Jolla's now-for-sale James S. Copley Library, 1134 Kline ...

U-T Cites Improvement, May Hire 25 Part-Timers

The new Union-Tribune management on Thursday told staff members that circulation and advertising are rising. (Some other metro dailies are ...

League of Women Voters Protests Treatment by Council Committee

The city council's rules committee, meekly compliant to the mayor and his establishment puppeteers, on Wednesday (Jan. 13) ignored a ...

Ex-Lerach Law Firm Criticized for Role in Inquiry Commission

The Wall Street Journal of today (Jan. 13) states that some business interests are criticizing the role of San Diego ...

USD's Partnoy Asks Panel Why FBI Mortgage Warning Ignored

University of San Diego law Professor Frank Partnoy testified before the Financial Crisis Inquiry Commission yesterday (Jan. 12) as it ...

Hedgecock Dropped by Los Angeles Station

Last September, radio station KFWB/980 AM in Los Angeles flipped from a news to a news-talk format. Former San Diego ...

Wal-Mart's Sam's Club to Close Vista Store

Sam's Club, the membership/warehouse operation of Wal-Mart, is closing its Vista store, the parent company announced on its website today ...

San Diegans Leading Push for AIG Full Disclosure

It looks now like American International Group (AIG), the big insurance concern that is 80% owned by the federal government, ...

U-T Owner Takes Loss on Industrial Building

Private equity group Platinum Equity, which bought the Union-Tribune in the spring of 2009, has taken a loss on a ...

SD's Drinking Water 9th Worst of Major Cities

San Diego's drinking water is 9th worst among the 100 largest cities, according to the Environmental Working Group. In compiling ...

Two Borrego Clubs Close Amid Bond Default

The Borrego Ranch Resort & Spa and the clubhouse at the adjoining Montesoro Golf & Social Club in Borrego Springs ...

U.S. Job Figures Actually Worse. Here's Why.

The Labor Department surprised economists by reporting this morning (Jan. 8) that the nation lost 85,000 jobs in December. Some ...

San Diego Lead Indicators Flat in November

The lead indicators of the San Diego economy were 103.7 in November, unchanged from October and barely up from the ...

Census Bureau Interviewing for Spring Jobs in East County

The U.S. Census Bureau will be interviewing for spring 2010 positions Jan. 7, 12, 21, and 26 at the East ...

Roski Wants to Buy Bills or Jags Outright, or Parts of Other Teams Such as Chargers

Los Angeles billionaire Ed Roski Jr., who says he will build a 75,000 seat, $800 million stadium in City of ...

Google's New Smartphone Uses Qualcomm Processor

Stock of Qualcomm shot up 2.39% to $48.06 today (Jan. 5) as Google introduced its new smartphone, called Nexus One. ...

Ranch Near Gilroy, La Jolla Owned, Files Bankruptcy

Sargent Ranch LLC, a large plot of land near Gilroy, filed for Chapter 11 reorganization bankruptcy this week in San ...

Blackwater One of 15 Most Hated U.S. Companies

Blackwater Worldwide, the mercenary firm now named Xe Services LLC, has been named one of the 15 most hated companies ...

SD Ex-Con Can't Get Lawyer for His Alleged Colorado Scam

In 1985, Philip Rand Lochmiller of Vista was sentenced to three years in prison for selling unregistered securities in a ...

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