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Stories by Don Bauder (RIP)

San Diego Gay and Lesbian News, against Gay and Lesbian Times

A bitter media war is raging in San Diego’s gay/lesbian/bisexual/transgender community. The battle pits San Diego Gay and Lesbian News, an online operation that is less than a year old, against Gay and Lesbian Times, …

June 16, 2010
Japan Next Greece?

‘Japan looks like a slow-moving train wreck,” says A. Gary Shilling, New Jersey–based economist who in 1988 was almost alone in predicting that the Japanese bubble would burst. But with the euro zone falling apart …

June 9, 2010
Voice of San Diego buys into Chargers’ fatuous argument

They’re scrimping in PortugalRetrenching in SpainParsimonious in ItalyIn San Diego — insane Europe talks frugalityJapan’s praising thriftEven Greece lauds austeritySan Diegans get stiffed (apologies to the Kingston Trio) Yes, the frugal horn is blowing around …

June 2, 2010
San Diegan Bill Lerach out of prison, living in luxury

Banks and companies commit massive fraud at will. Until recently, regulators have just looked the other way. Corporate lobbyists have greased the palms of politicians of both parties, who have passed legislation sheltering plutocratic thievery. …

May 26, 2010
San Diego’s newest corporate darling, Bridgepoint Education

On May 4, PBS’s Frontline show interviewed a former recruiter for Ashford University, the online college that is part of San Diego’s newest corporate darling, Bridgepoint Education. She complained about the pressure to enroll students. …

May 12, 2010
“The City is broke and they are talking about a retractable-roof stadium"

It’s true: God did tilt the world on its axis, and all the nuts rolled into Southern California. Proof: entrepreneurs in Los Angeles are discussing a billion-dollar retractable-roof football stadium downtown. Not to be out-loose-screwed, …

Callaway sales plummet, but not exec pay

Fore!! Callaway Golf — the big maker of golf clubs, balls, and other accoutrements — has hit an errant shot that may plunk its shareholders on the head. The blog Footnoted.org says Callaway is “taking …

April 28, 2010
Del Mar’s Arthur Lipper III says whistle-blowers should be rewarded

In the financial industry, deregulation has been a disaster. So has regulation. Damned if you do, damned if you don’t. In the past decade, the big Wall Street banks have concocted one highly complex swindle …

April 21, 2010
San Diego’s chronic structural budget deficit affliction

The young and still-untamed St. Augustine supposedly said it: “Oh God, make me chaste, but not yet.” That should be the City of San Diego’s slogan. In February of 2008, independent budget analyst Andrea Tevlin, …

April 14, 2010
Broke cities (including San Diego)

Those euro-zone countries get everything backward — working to live instead of living to work. That’s what we smug Americans think. Take Greece. It has promised too much too soon to its pensioners, whose average …

April 7, 2010
San Diego’s best-known short seller, Barry Minkow

Short sellers are getting short shrift at a time they should be getting tall praise. They borrow a stock, sell it, and hope to replace the borrowed shares later at a lower price. They make …

March 24, 2010
Scott Kessler works with FBI investigating Marco Li Mandri

On or about October 17, 2008, Police Chief William Lansdowne was summoned to the office of an irate Mayor Jerry Sanders. The mayor wanted to know how a criminal investigative report coauthored by one of …

March 17, 2010
Union-Tribune sold cheap to Platinum Equity

Copley Press sold the Union-Tribune cheap but for good reasons: it was doing even worse than other ailing metro newspapers. Now the company, the last remnant of the old newspaper empire, is selling the rest …

March 10, 2010
Mayor Sanders joins Marco LiMandri against conflict charges

On April 23, 2007, two San Diego investigators, Gerald Cook of the Federal Bureau of Investigation and Dan Vile of the San Diego Police Department, turned in a criminal investigation of wrongdoing in a local …

U.S. has too much debt

If a railbird tout gives you a tip on a horse, and you learn that three of the nag’s legs are so fragile they will likely break during the race, you will keep your money …

February 24, 2010
San Diego is a services economy

The classic description of a city living off personal services, and bringing in too little outside money through activities such as manufacturing, is “a bunch of people doing each other’s laundry.” Increasingly, that describes San …

February 17, 2010
Borrego Springs – a town left dry

People need money and water. Just ask Borrego Springs, the San Diego County desert town of only 2600 year-round residents. Through the years, it has endured failures of its major businesses, as entrepreneurs have run …

February 10, 2010
San Diego mayor Sanders puts football above water

In his State of the City speech on January 13, Mayor Jerry Sanders devoted 434 words to the possibility of taxpayers shelling out hundreds of millions of dollars for a subsidized Chargers stadium and 174 …

February 3, 2010
NFL lies about Super Bowl benefits

It’s Big Lie season again. Super Lie. Specifically, Super Bowl Lie. It’s that giddy time of the year when the National Football League trots out its claim that the city that hosts the Super Bowl …

January 27, 2010
Wall Street is feasting off Main Street’s pain

Perhaps you are comforted believing that the U.S. government, Federal Reserve, and Wall Street are all working assiduously to provide you with a job. Ha ha ha ha. Not so. The Federal Reserve, our central …

January 13, 2010
San Diego, like U.S., sees 2 percent growth

Last year, the San Diego economy did poorly, although it was picking up a bit in the final several months. This year, it should do moderately better. Alan Gin, economist at the University of San …

January 6, 2010
Lynn Hubbard III filed, 2000 lawsuits in the past ten years in California

‘If I am guilty of anything, it’s of being a good lawyer and advocating for the rights of the disabled,” proclaims Lynn Hubbard III of Chico, who has filed, by his own reckoning, 2000 lawsuits …

December 30, 2009
Fabiani pushes Chargers stadium at Tailgate Park

The young son of a prominent government official boasted to his father that he had saved 25 cents by walking home instead of taking the bus. “Tomorrow, save $10 by not taking a taxi,” cracked …

December 23, 2009
Mayor Sanders’s committees are almost wholly made up of downtown boosters

Some enterprises signal what’s going on inside by hanging a red light outside. Mayor Jerry Sanders has revealed what’s going on inside his administration by setting up a group of committees to carry out his …

December 16, 2009
Mayor Sanders and Jeffry Wetzel

Did Mayor Jerry Sanders get his money out of a scandal-ridden private equity group whose chief executive has filed for Chapter 7 liquidation bankruptcy? It’s an intriguing question. For the past several years, Sanders has …

December 9, 2009
War at La Jolla Farms

Life should be peaceful at La Jolla Farms, that tony area of 100 superluxury homes adjacent to Torrey Pines State Park.But war has broken out there. One resident controls a local biotech. A former resident …

December 2, 2009
Eat What the Politicians Feed You

This Thanksgiving, some Americans will be eating turducken, a turkey stuffed with duck that is in turn stuffed with chicken. It started commercially in Louisiana’s Cajun country about 25 years ago, spread to much of …

November 25, 2009
Reader writers tackle the family Thanksgiving dinner

To Be Thankful Requires Humility — John Brizzolara This Year, We’re Staying Local — Pamela Hunt-Cloyd Eat What the Politicians Feed You — Don Bauder This Is How It’s Supposed to Be — Barbarella Thanksgiving: …

November 24, 2009
La Jolla Pharmaceutical can't shut down

After an agonizing wait of more than 40 years, science may come up with a treatment for lupus. But the two companiesworking together on the promising development are not based in San Diego County. At …

November 18, 2009
Can Feds thwart runaway exec pay?

The pay of American top corporate executives is obscene. About the only people who don’t agree with that statement are the executives themselves. In 1980, chief executives made 42 times what the average worker made. …

November 11, 2009
Did Dominelli Study Ponzi?

J. David “Jerry” Dominelli is famed in San Diego lore for one thing: his 1980s Ponzi scheme that bilked Southern Californians of $80 million. A full 24 years after Dominelli was sentenced to prison, and …

November 4, 2009
San Diego’s Loss Is…You Know

Economists say the United States should export its expertise. Scam Diego is doing just that. A couple of rascals who honed their skills in San Diego are now polishing them in other cities. Alfred Louis …

October 21, 2009
UCSD's Gary Jacobson frets about polarization

Everybody knows that Democrats and Republicans are barely speaking these days. But two political scientists at the University of California at San Diego are statistically quantifying this mutual contempt: “Political polarization is at a post–Civil …

October 14, 2009
SDG&E wants money for fire insurance

Comic Woody Allen once postulated that murderers should be given the death penalty before they commit the crime, thus sparing the life of the victim. That’s typical of Woody’s wild imagination, but it’s no wilder …

October 7, 2009
Gambling employees do better in San Diego than in Las Vegas

In San Diego, those who do good do not do well — from an income standpoint, that is. The professions devoted to helping people down on their luck, such as social work, are not at …

September 23, 2009
Alan Greenspan proclaimed that central bankers can’t foresee or forestall bubbles

The world’s experts on all topics are huddling in Washington, D.C. One chap proclaims that he is the world’s ranking expert on goldfish. Inquires a layman, “Okay, how do you tell a male goldfish from …

September 16, 2009
Chargers Won’t Fulfill Desires in San Diego

Experts say the San Diego Chargers could make the Super Bowl this year. However, the team’s desire to build a new stadium in San Diego could be — well, economically inSuperable. The team now plays …

September 9, 2009
PUC Loves SDG&E

Wall Street absolutely loves the state’s Public Utilities Commission (PUC). That’s a major reason why backcountry folks may have to swallow San Diego Gas & Electric’s loony scheme to shut off those rural residents’ power …

September 2, 2009
John Moores sinks Padres pay to number 29 of 30 teams

Back in 1998, then–Padres majority owner John Moores promised that if taxpayers would pour more than $300 million into a ballpark, he would produce teams that were competitive. Maybe he meant that he could produce …

August 26, 2009
Get the Union-Tribune — For Almost Nothing

How would you like to buy a whole year’s home-delivery subscription to the Union-Tribune, Thursday through Sunday,for $29.95? That’s particularly enticing, because if you want only six months of the same thing, you pay more …

August 19, 2009
Tijuana Tailspin Hurting San Diego?

It wasn’t so long ago that the Convention and Visitors Bureau, hotel marketers, and San Diego ad agencies “would utilize Tijuana in advertising,” recalls Jack Giacomini, partner in Hotel Managers Group and head of the …

August 12, 2009
Air conditioner, adjustable bed scams

Recessions always bring out the vultures, and these days they are a step ahead of technological trends, as scam haven San Diego is learning once again. Con artists claim they can fix your credit, rescue …

July 29, 2009
Gannett and McClatchy take on debt

"Looking better dead than alive.” Morticians boast of it. So do Mafia hit men. Now, it appears, holders of some corporate bonds are secretly putting their faith in that declaration. Because of a dubious kind …

July 22, 2009
Platinum Equity sued for sexual conduct

There is no question that executives at Platinum Equity won’t back down from a fight. The Beverly Hills–based buyout firm, which is willing to purchase sick companies in ailing industries, this spring bought the Union-Tribune …

July 15, 2009
Platinum Equity acquires Union-Tribune, hires Mad Dog Singer

If you go to the website of the Los Angeles law firm of Lavely & Singer and click the bio of cofounder Martin Singer, you find a Los Angeles Magazine article in which Singer is …

July 15, 2009
Bruce Henderson: no room for a Chargers stadium downtown

Visitors to downtown hotels are a piddling few. Residents of downtown condos are a piddling few. But that won’t stop the establishment from diddling taxpayers for more downtown development — a travesty because outlying parks, …

Will Generations X and Y Buy?

As the recession grinds on, how much will Generation X and Generation Y spend? Will it be Z, as in zilch? It looks that way for some San Diego companies that appeal to the youth …

July 1, 2009
Sticking with Stocks

How do you rebalance when the economy is so unbalanced? That is the question facing all money managers and particularly the fiduciaries that run pension funds for employees. Periodically — say, once a year — …

June 24, 2009
San Diego penny stocks

The old aphorism “penny wise, pound foolish” has been revised to “penny-stock wise guys get pounded.” San Diego has reams of penny stocks: don’t get foolish. Actually, the Securities and Exchange Commission defines a penny …

June 17, 2009
The search for convention center money in San Diego

The sugar daddies that could be expected to bankroll the convention center expansion are on the sidelines. But watch out: the backers of the proposed expansion are likely to twist statistics and distort reality to …

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