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La Costa developer Merv Adelson dead at 85
"In Jersey everything's legal, as long as you don't get caught" So goes the saying and Dylan line from a Traveling Wilburys song. That's clearly the attitude of the mob but also I think increasingly the attitude of many powerful people. The philosophy is not to do what's fair and just but to do whatever you get away with. So for example a customer might not pay a contractor simply because the contractor has no way to force the customer to pay, i.e. a contractor might not get paid if they don't have any "leverage" on the customer. A business might not complete a service they committed to provide for a customer because the business decided they're not making profit on that service and their resources are needed elsewhere. A homebuyer or business, even with access to money, might walk away from a loan because they decided they're better off declaring bankruptcy. Goodness knows Wall Street firms and banks do whatever makes them money in the short run regardless of pesky ethical or fairness constraints. I think you're right that a lot of activity which is or should be criminal goes on in the real world and a lot of it is swept under the rug.— September 11, 2015 7:22 a.m.
La Costa developer Merv Adelson dead at 85
Short for "La Costa Nostra"?— September 10, 2015 2:44 p.m.
San Diego as sports fans' city: so-so
I've heard the comment repeated on XTRA 1360 AM's "Loose Cannons" show many times. But I haven't been able to find it in print or online anywhere.— September 10, 2015 10:41 a.m.
San Diego as sports fans' city: so-so
Supposedly Roger Goodell has said there will not be 3 teams in Southern California under any scenario. Moving to LA will instantly increase the Chargers' valuation by at least $1B - probably more. Even with a very generous taxpayer-funded corporate welfare check to help build a stadium in San Diego - even downtown - I don't think they can get that increase in valuation here in SD.— September 10, 2015 8:35 a.m.
San Diego as sports fans' city: so-so
I'm not necessarily criticizing the report or question the facts. People often quote the Mark Twain line about lies and statistics. I think the Mark Twain line itself is a bit of a lie - most reported statistics are correct (unless they come from KOGO weekend hosts of course). But I think it's important to understand what the statistics really mean. I was trying to understand what the WalletHub report meant so I clicked link after link hoping to find the direct trail from raw data to conclusion. I'm sure it's there somewhere but it's difficult to find. I also like to find the exact questions asked of study participants, or survey methods, in order to understand polls and data. I wasn't able to find that information either. I definitely agree the WalletHub reports are valid data and information but in this case I'm not exactly sure I understand what the data are and what they mean.— September 10, 2015 8:29 a.m.
San Diego as sports fans' city: so-so
In recent months Mark Fabiani (MF) has been openly hostile to San Diego's leadership despite some rather generous corporate welfare offers from the San Diego task force. MF has made it quite clear the Chargers prefer LA to SD. It seems at this point the Chargers want to get out of SD as quickly as possible.— September 9, 2015 10:36 a.m.
San Diego as sports fans' city: so-so
Any word on whether the Chargers will committing to the Mission Valley site per San Diego's proposal - in order to meet San Diego's upcoming Sept 11 deadline - in order for a Jan 12, 2016 special election to be held? About the same as a snowball's chance in you-know-where?— September 9, 2015 7:55 a.m.
San Diego as sports fans' city: so-so
The methodology for the compilation of data from the Sports Media Consumption Report was clear but the methodology for the source data was not clear at all. There was a link to a flashy report with a lot of nice USA-today type graphics about US viewing habits without much information on how exactly the data were collected. It seemed to me the Sports Media Consumption Report was more concerned with the media viewing patterns - online vs TV vs mobile vs radio, etc - of viewers than comparing cities.— September 9, 2015 6:30 a.m.
USD’s Frank Partnoy might scare you
“The only useful thing banks have invented in the last 20 years is the ATM”. Paul Volcker Oft-quoted but I think it pretty much sums things up. Savings accounts, checking accounts, loans. Maybe a credit card or line of credit. That should pretty much be all the banks do IMO.— September 2, 2015 11:55 a.m.
How will Qualcomm layoffs affect SD area?
But most of all the PRINCIPLES that draw crucial distinctions between merit-based innovation and crony, blood-sucking, scheming "capitalism." Tw Well put Twister. One of the things I like about this blog is that Don and most of the posters tend to have a realistic view of capitalism and free markets. I think most people here feel free market capitalism is the best economic system yet devised - but it's becoming increasingly tainted and flawed. In principle the "invisible hand" described by Adam Smith should provide for a system which rewards merit and encourages the most efficient allocation of resources. But for one thing that system might leave out some workers at the bottom of the socioeconomic ladder. Even worse, at least some level of integrity and ethics and principles is required for the system to work. The system is supposed to allow for greed - but greed in a good way (if that makes sense) - as in greed to work harder, be more innovative, build better products more efficiently than ones competitors. Somewhere along the way the system has been increasingly hijacked by those who are figuring out ways to acquire money and wealth in ways which don't improve the efficiency of the economy. Adam Smith's "invisible hand" has been slapped away by the hand of master monetary manipulators who figure out ways to transfer wealth into their coffers without adding any real goods or services to the economy.— August 31, 2015 9:08 a.m.