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Elizabeth from Acapulco and Frank from Tepic glad to be back in Mexico
"When you get there, you discover that the dream doesn’t exist. I was disappointed." I really wonder if the Mexican gov't does much if anything to dissuade its citizens from entering the US illegally. It seems they could at least have some public service announcements warning people about the risks. I don't hear any such PSA's on the Mexican radio stations - just a lot of propoganda about how much the Mexican gov't is helping people.— October 11, 2012 11:52 a.m.
UCAN Demands Shames Return $474,000 in Bonuses
$474K in bonuses to one's self sure is nice work if you can get it - and if you truly have no scruples.— October 4, 2012 5:19 p.m.
Mary Hoffman takes on CPUC
Ahhh, Rule 14 explains why SDG&E has been so intent with their absurd characterization that all the fault was with one technician in AZ. SDG&E does not want to be liable for the lack of safeguards in their system. SDG&E should have had safeguards in place which would have prevented a single technician's mistake to shut down all of San Diego county for several hours. That's obvious common sense.— October 1, 2012 8:11 a.m.
Mary Hoffman takes on CPUC
"The last great financial innovation was the ATM machine" - Volker (I think). I would have to agree with that statement. Moreover, I think the increasingly complex financial "innovations" have been a disaster for most of the economy - all while making a ton of money for a small number of people in the financial industry. I was thinking about this today and I have a new theory. Granted, I don't understand this stuff very well but there is something that doesn't seem right to me. It's the idea that the innovative financial instruments improve the efficiency of the marketplace. In theory, at least as explained as proponents of these instruments, the more ways there are to invest and shift money around the better. But I think the opposite has happened. Rather than the complex instruments enabling a truly efficient marketplace - where market prices for everything always reflect their true equilibrium value - the complex instruments mainly serve to add instability and bubbles. This seems to be the case in recent years. Then something hit me which really convinced me that the new innovations don't improve marketplace efficiency: An efficient market is bad for the financial sectore. In truly efficient market, it would be very difficult to make a lot of money trading. But has this happened in recent years? No, salaries on Wall Street have risen in proportion to the general public. This means it takes more money to run the market which means it's less efficient. Wall Street does not want an efficient market, as this would reduce the ammount of money they make. Wall Street bankers pushing "innovative financial products" as a way to improve market efficiency is like the foxes pushing to leave the henhouse unlocked as a way to improve chicken safety.— September 30, 2012 6:02 p.m.
Mary Hoffman takes on CPUC
Plenty of blame to go around for both Democrats and Republicans. IMO both parties are more interested in helping Wall St. than helping Main St.— September 29, 2012 7:09 p.m.
Mary Hoffman takes on CPUC
The way I look at it... Greed is USUALLY good - but sometimes regulations and laws are needed to make sure that greed is good. Examples: In a competetive marketplace greed fosters innovation, efficiency, and improvement. In a monopoly greed enables inefficiency and poor service with high prices. So sometimes IMO you need regulations and laws to kick in and prevent monopolies. Another big example are financial systems. In a mostly free but properly regulated financial system greed encourages investors to reward successful ideas and companies. In a poorly regulated financial system, greed gives you 2008. So I think greed is good...as long as the right rules are in place.— September 29, 2012 5:52 p.m.
Mary Hoffman takes on CPUC
A truly free market only works if most parties accept that system. Clearly most leaders in the banking and securities industries do not believe in true free-market capitalism. If they had then they would have allowed free-market corrections to occur in 2008 and the massive bailouts would never have happened. Investment firms that made unwise decisions would have failed; the stronger ones would have succeeded. I agree with Ron Paul's description of our present banking system. It's not "free market capitalism" but "crony capitalism".— September 28, 2012 5:53 p.m.
Chargers Stadium, Affordable or Not
The only possible explanations are 1. Moores was aware of what was going on, in which case he was a crook. 2. Moores was not aware of what was going on, in which case he was a phenomenally incompentent CEO. I think #1 is by far the more likely explanation.— September 18, 2012 8:56 p.m.
UC Regents approve controversial $250,000 UCSD diversity job, hire University of Wisconsin law professor
I think the governement should focus on attempting to provide the best essential services for the least possible expenses. It's pretty hard for me to accept that a tax increase is absolutely necessary when I read about expenditures such as this. This office seems to be more about pushing a certain world-view and political agenda than about providing a vital service to the CA public. I'm voting no on Prop 30.— September 14, 2012 6:09 a.m.
Chargers Stadium, Affordable or Not
Oh I found the quote, from Jimmy Kimmel speaking to Magic Johnson. Jimmy Kimmel replied, "I think the NFL likes to keep Los Angeles vacant because then they can play blackmail with the other teams and tell them, 'Oh, if you don't give us a stadium we're going to move the team to L.A.'"— September 13, 2012 6:53 p.m.