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New Calif. redevelopment law could stop Chargers stadium
The Nation magazine has a great article in their Aug 15th issue titled "Why Do Mayors Love Sports Stadiums? " Curiosly enough they do not mention San Diego.— August 18, 2011 7:56 p.m.
Chamber of Commerce Backs Pension Reform
I think you missed my point which was that only higher income employees, public or private can actually benefit from 401K's. The average 31K employee can't afford to save since every penny is needed to keep their head above water. $31K only amounts to $15 per hour, not enough to keep a roof over your head in SD.— August 6, 2011 3:41 p.m.
Chamber of Commerce Backs Pension Reform
That's a lot of belt tightening. Let's do some math, 31K minus say $6K for taxes leaves $25K net. Rent and utilites at $1K per month leaves $13K. Subtract your $3K to the IRA & you have less than a thousand a month to cover everything else, auto, gas, insurance, food clothing.— August 5, 2011 1:21 p.m.
Plundering Historic Plaques
Probably the same people that were stealing bronze urns from the cemetary about a year ago.— August 4, 2011 2:27 p.m.
Stocks Plummet. Next Up: More Liquidity
If you keep squeezing the folks responsible for 70% of the economy it shouldn't come as a surprise that the economy tanks. It's hard to understand why all these titans of finance can't figure out basic Econ 101.— August 4, 2011 2:11 p.m.
Chamber of Commerce Backs Pension Reform
401's were designed as tax shelters for the rich, not for the average worker. I recall that when they were originally implemented the idea was to put up to 20% of your income into the 401 tax deferred, unfortunately at the time (early eighties I think)I was only making about $10/$12K per year & could not afford to put any money away much less 20%. Anyone today making less than $100K would be hard pressed to put in 10%. Visduh is correct that most retirees will not be in a lower bracket & as a result will have to pay additional taxes on withdrawals, most likely at a tax rate higher than if they had just kept the money at the time it was earned. The 401K was a scam from the start.— August 4, 2011 2:05 p.m.
Wall Street Thrives on Main Street Pain
Our lack of manufacturing jobs will continue to hold SD and the rest of the country back. There are large numbers of people in this country that will never become rocket scientists, tech experts etc. Manufacturing jobs used to provide those people with good wages and benefits that allowed them to buy houses, cars etc. Construction was the fall back employment for the less educated and now that's in the tank and or taken over by immigrant labor.— July 20, 2011 3:09 p.m.
Job Gains Shockingly Low. Double-Dip?
Here's the headline from yesterday's UT Business section "Upbeat Jobs Data Lift Markets To Sharply Higher CloseThursday" July 07, 2011 - 17:24 PM EDT. Then there is this headline today. "Unemployment Rate Rises, Markets Open Sharply Lower" Friday July 08, 2011 - 10:42 AM EDT Job gains are great one day & lift the market, the next day presumably the same data causes a dive on the market. How can anyone have any confidence in these analysts and why are they making huge amounts of money for their supposed expertise?— July 8, 2011 12:21 p.m.
Job Gains Shockingly Low. Double-Dip?
I have to go along with the stunning incompetence of the economists. They always seem to be wrong with their predicitons even though they supposedly have their hand on the pulse of the economy. How can they have any credibility when the predict 125K jobs in a month and only 18K are realized?— July 8, 2011 9:55 a.m.
City Advertising for Redistricting Support Services
"Correct,another rreason I always fight traffic tickets in court. I have fought them since I received my first tick at age 18. Probably have fought over 50 all together, including 5 in a 10 month time period back in the 1990's." Now SurfPuppy as an attorney I suspect that you must have known on at least some of those 50 occasions that you actually violated the law & didn't really need that GED cop to tell you so. Going to court looking for a loophole to get you out of paying the price for breaking the law is an abuse of the system and drives up the cost to the courts. As you know attorneys are somewhat lower on the list of respected occupations than car salesmen & GED police officers. 50 violations? 5 in a 10 month period? Let me know next time you're going to be on the freeway, I'll get off!— March 28, 2011 2:59 p.m.