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Time for pension reform in San Diego
Amen to this article. Well put and on the money. City/gov compensation, and especially benefits, are the biggest threat to the solvency and well being of our City, our County and our State. I pray to god OC succeeds in their pension challenge lawsuit that John Moorloch championed, and that Keith Richman's ballot propisition on limiting gov pensions goes on the ballot and succeeds. http://www.californiapensionreform.com/— January 30, 2008 6:32 p.m.
2005 Audit Shows Internal Accounting Weaknesses; Despite Some Headway, Many More Improvements Must Be Made, Says Accounting Firm
JF, those numbers you cited are completely 100% bogus. As are your contentions that these multi million dollar pensions at age 50 for the GED and HS educated are not a cause of our financial problems. No even to mention that they are not deserved. There is NO excuse for allowing HS educated gov workers to get multi million dollar pensions at age 50-zero, nada, none. No one in America gets that except public employees, and it is going to stop, and yes, Mike should keep an eye on OC's lawsuit.— January 30, 2008 6:12 p.m.
2005 Audit Shows Internal Accounting Weaknesses; Despite Some Headway, Many More Improvements Must Be Made, Says Accounting Firm
Hey, we have news on the pension front from OC. They are going to war with the public pension fund-Mike should sit on the sidelines and see how this shapes up-and if it looks like it could win file his own suit using this cause of action. www.latimes.com/news/local/la-me-pensions30jan30,… O.C. to sue to reduce pensions Supervisors hope to save millions by repealing part of an agreement reached with deputies. After months of legal preparation, the Orange County Board of Supervisors voted unanimously Tuesday to file a lawsuit seeking to repeal part of their pension agreement with sheriff's deputies, saying the county cannot afford the expense.— January 30, 2008 10:54 a.m.
2005 Audit Shows Internal Accounting Weaknesses; Despite Some Headway, Many More Improvements Must Be Made, Says Accounting Firm
If the fed lowers the inetrest rate AGAIN, it won't matter. The dollar will be worthless. It is close to worthless against other currancy right now.— January 29, 2008 6:27 p.m.
2005 Audit Shows Internal Accounting Weaknesses; Despite Some Headway, Many More Improvements Must Be Made, Says Accounting Firm
BK now, should have done it 3 years ago. We are under water and always will be. This article proves it is NOT going to be getting better (anytime soon anyway).— January 29, 2008 10:13 a.m.
Mingei Raided on Suspicion of Smuggling Pipeline, LA Times Says
"Non Profit"! What an oxymoron that term is today. Non profits need to be much more heavily regulated toay based on the tax losses they generate. Far too many abuse their non profit status.— January 26, 2008 8:03 a.m.
Chula Vista widow's attorney testifies against reverse mortgage abuse
Anyone who engages in financial elder abuse in CA could be subject to some very long prison terms, in addition to the civil lawsuits. Make an example or two out of any scammers and that will cure a lot of the problem.— January 23, 2008 10:30 p.m.
Qualcomm 8th Best Company To Work for, Says Fortune Magazine
Have fun getting a job at Qualcomm if you do not have an engineering degree. Gov gives this package, and more, to all new employees.— January 23, 2008 1:31 p.m.
Federal Reserve Slices Interest Rates Three Quarters of One Percent, but Stock Futures Still Down
When your car is going over a cliff a little rubber band is not going to stop it. I will say that I am surprised the DJIA is not off as much as most expected (-186 @7:30 AM PST). I think it is possible to recover to less than a 100 point loss. Of course the days ahead will see the market tank to where it should be at, correcting itself if you will, which makes todays actions irrelevant.— January 22, 2008 7:52 a.m.
Market Bloodbath Overseas; Dow Futures Down 451; Interest Rate Slash Possible Before Tomorrow's Market Opening
Cannot wait until the market closes Tuesday. I remember Black Monday very well, lets see if there is a Black Tuesday. After years and years of running trade and budget deficits this country needs a wake up call.— January 21, 2008 6:10 p.m.