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Because of Computer Problems, I Have Not Been Able to Respond to Your Posts for a Week. I Hope to Resume Soon.
I think Don went on a bender and concocted the computer gremlin story to buy time so he can dry out.— November 4, 2008 9:50 p.m.
First Big Shoe Drops in Next Crash; Citigroup Reports Big Loss in Credit Card Securitization
It looks like Brandes had a huge Halloween bash at the estate. He built a real castle on the property which will be torn down with the building materials donated to Habitat For Humanity. David Copley was there dressed as Indiana Jones and walking around with a bullwhip. http://www.margomargo.tv/brandeshalloween2008.html— October 31, 2008 11:15 p.m.
Filner, Aguirre Say Sempra's $100,000 Gift to Lincoln Club Smacks of Attempt to Buy Election
If Goldsmith took the $40,000 indirectly from Sempra with the understanding that if elected he would drop the lawsuit or mitigate its impact on Sempra, a crime may have been committed.— October 31, 2008 1:52 p.m.
John Kaheny defends rising pensions in San Diego
At the present time the Dow is at least 50% overvalued, and is fairly valued at around 4,500. Solid stocks with good track records should sell for no more than 6 to 8 times earnings. Stocks with exceptional track records and prospects should sell for no more than 12 times earnings. Current stock pricing is out of whack and is going to recalibrate to historical P/E ratios. The Dow will decline to about 4,500 within the next year. It will take at least 10 years to reach the 8,000 level again. The DJIA lost almost 60% of its value in 1973 and did not reach 1973 levels until 1985. The city pension fund will go broke long before the Dow recovers from the 2008 crash.— October 30, 2008 8:13 p.m.
Union-Tribune Circulation Continues to Drop, but, Generally, Other Southern California Declines Are Greater
I see nothing wrong with Don's analysis. If the North County Time's home deliveries decreased 12%, this decline must have been offset by newstand sales as overall circulation only dropped 1%.— October 27, 2008 7:42 p.m.
According to Rumors, U-T Has Been Sold. But Nobody Knows to Whom, and It May Be a Canard
I'd also hate to see a Canard obtain ownership of the Union Tribune. The Canard family is known for unscrupulous business dealings.— October 24, 2008 10:34 p.m.
According to Rumors, U-T Has Been Sold. But Nobody Knows to Whom, and It May Be a Canard
I have suspicions that Larry Flynt, owner of Hustler Magazine, may wind up owning the U-T.— October 23, 2008 9:21 p.m.
Bauder recommends to go short in San Diego real estate
The correct link for #34 is below: http://www.nysscpa.org/cpajournal/2008/408/essent…— October 11, 2008 3:57 p.m.
Bauder recommends to go short in San Diego real estate
Response to #32, under the old rules most debtors were able to avoid debt relief income under the insolvency exception. The old and new debt relief rules are explained in detail below. http://www.nysscpa.org/cpajournal/2008/408/essent…— October 11, 2008 3:50 p.m.
Bauder recommends to go short in San Diego real estate
If (1) you lose your principal residence to foreclosure, (2) sell your residence in a short sale, or (3) the lender agrees to reduce the amount of your loan so you can make the payments, you will likely realize Cancellation of Debt (COD) income. Prior to 2007 you could avoid paying taxes on COD income merely by demonstrating that you were insolvent after the debt was discharged. If you were solvent after the debt discharge, COD income would be taxed only to the extent you were solvent after the discharge. In 2007, 2008, and 2009 the first $2 million of COD income related to debt on a principal residence is tax-free regardless of whether you are solvent or insolvent after the discharge. The new rules apply only to debt that is both (1) secured by the personal residence, and (2) used to purchase or improve the personal residence. You’re out of luck if you used a HELOC to buy cars, boats, go on vacation, pay college costs, etc. Under the new rules discharge of HELOC debt that wasn’t used to improve the principal residence still triggers taxable COD income unless you can meet the insolvency exception. Homeowners facing foreclosure, particularly when HELOC debt is involved, should get professional tax help before they decide what to do.— October 11, 2008 3:35 p.m.