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Sanders Wants City To Pay Union President's Salary During Bargaining; Aguirre Says It's Against the Charter
Why would the city pay the Union President during bargaining? That's stupid. =========================== Is there anything BESIDES stupidity coming out of City Hall???? It is a cesspool of corruption.— April 14, 2008 11:56 a.m.
Sanders Wants City To Pay Union President's Salary During Bargaining; Aguirre Says It's Against the Charter
After promising that he would economize, Sanders has granted the police pay increases of 15 percent over the last two years. ==================== Sanders promised many things, and he has not come thru on any of them. The 15% pay raise covered a 3 year period, which is an average of 5% per year-not peanuts by any stretch, but not the main problem. The main problem is the back end of those raises-the pensions. 1 or 2 million in front end raises = 10 or 20 million in back end pension costs. Plus DROP is still an anchor around the taxpayers neck-that should have been cut his first month in office.— April 13, 2008 9:31 p.m.
SEC Charges Five Former City Officials with Fraud for Roles in False Municipal Bond Filings
Loser? McGrory moved from a modest house to a Rancho Santa Fe spread after he joined the Price clan. Best, Don Bauder ==================== There were at last count 102 retirees receiving pensions ABOVE the $180K IRS public pension limit-and McGrory was one of the 102. So combine that with what Sol Price is paying him and he is reeling in some major cash........in the top 1% in the nation.— April 13, 2008 9:18 p.m.
Award-winner milks Big Bear resort
For a pretty good laugh, visit Amazon.com, and look up the Editorial Reviews for this book: Emotional Intelligence Quickbook (Hardcover) by Travis, Ph.D. Bradberry (Author), Jean, Ph.D. Greaves (Author) And for even more giggles, check out the same book at bn.com, and click on "Customer Reviews". ====================== Oh brother........ Richard La China, CEO of ITech, 03/14/2005 Emotional intelligence is such a crucial concept to understand--yet so many people are unaware of it. The authors do a magnificent job of explaining the incredible power of emotional intelligence and how to apply it to achieve your ultimate goals. This book helped me to maximize my potential. http://search.barnesandnoble.com/Emotional-Intell…— April 13, 2008 9:47 a.m.
SEC Charges Five Former City Officials with Fraud for Roles in False Municipal Bond Filings
#68. Anon, I agree with most of what you write, but must differ when you say the first person to jail for their crimes against San Diego is Murphy. Sorry, but you are just wrong. The first should be former city manager Jack McGrory. ================== McGrory is the person who engineered this pension scam, and I agree 100%, he should be the first one into jail and the last one out. McGrory is the MAIN cause of SD's financial problems. Remember this one "The pension increases will only add $25 million to our debt"....Bwahahahahahahhaha...what a loser.— April 13, 2008 9:39 a.m.
SEC Charges Five Former City Officials with Fraud for Roles in False Municipal Bond Filings
#67. Cash flow bankruptcy, eh? You mean that they can't float the tax anticipation bonds they used to? Because a select few in city hall chose to ignore their duties? Nobody forced them to do that, they did it on their own. That's why the city can't get bonds -- disclosure, not debt. ================ No, the reason we cannot get bonds is because we cannot pay them back.— April 13, 2008 9:36 a.m.
SEC Charges Five Former City Officials with Fraud for Roles in False Municipal Bond Filings
JF, the pension fund is why San Diego is in a cash flow bankruptcy, yet you are saying that there is no problem. If that were so why did Sanders say he was going to shore up the pension fund by $600 million, of which only a small fraction has been funded for this band aid fix.— April 12, 2008 10:52 p.m.
SEC Charges Five Former City Officials with Fraud for Roles in False Municipal Bond Filings
Don, Sorry, but it is more than just the pension problem that is plaguing San Diego. Again, the pension payment is only about 5% of the General Fund -- $165 million dollars. ===================== Sorry JF, but the pension "contribution" from the general fund is only $165 million because that is ALL we can afford. Sanders himself was SUPPOSED to bring it up to acceptable finding levels (which it is NOT at currentlt) by infusing $600 miilion, and even $600 millon does not fund the pension to acceptable and recognized levels. So your statement that we are only spending $165 million or 5% of the general fund is flat out wrong. San Diego CURRENTLY has over 1,000 "retires" getting OVER $100K per year in pensions, we have over 100 retirees getting over $180K per year in pensions. Those people ALONE account for over $100 million per year in pension costs. Get with it JF- that is pure nonsense that we are solvent/.— April 12, 2008 9:15 a.m.
Medicare broken, Social Security broken, SEC broken
Milberg had a client (a lawyer) out in Palm Springs who had bought small shares in literally thousands of companies, and he was their main "clinet". So all Milberg did was sit back and looked for was a substantial drop in shares of a major company, then they took their "client" to federal court where under the old rules the first to file was lead plaintiff on the case. So Milberg had a stable in place for filing class actions. I just read today that Marti Emerald, who quit her job at KGTV to run for City Council, has two consulting clients, of which the main one is Coughlin Stoia, the break off firm of Milberg Wiess (here in San Diego). I thought that was sort of weird, especially when Marti claimed they were a "consumer law firm"....lol. Melvyn Weiss pleaded guilty last month, and I think only the firm itself is left as a defendant is to settle at this point....— April 11, 2008 11:09 p.m.
SEC Charges Five Former City Officials with Fraud for Roles in False Municipal Bond Filings
#52. Response to post #47: I believe SDCERS made a statement similar to the one you allude to. =========== If they made that statement then that would be about par for the course-living in Fantasland...... Remember, these are the same people that violated their FIDUCIARY DUTY to make sure the fund stayed solvent. They all need to be fired.— April 11, 2008 8:56 p.m.