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Arthur Levitt — Again
Hey Johnny Rocketscientist Here's another one for you...what goes up must come down. The standard of living in the U.S. has been on the rise since it began. Some believe it may have reached the pinnacle, but not me. As Don stated it’s time for a consolidation where Americans will hopefully curtail if not end the overindulging excesses of the last 30 years. Is there going to be pain associated? Yep, we’re seeing it now with an abrupt change in world economics. Will we survive it? Absolutely! Will we learn? Only time will tell. Remember Johnny you read here first…. What goes up has to come down. You can quote me on it.— April 18, 2009 8:08 a.m.
San Diego Unemployment Soars to 9.3%. County Loses 44,600 Jobs over Year
Response to #7 . Hey surfdoggy are you listening??— April 18, 2009 7:54 a.m.
Arthur Levitt — Again
Johnny says: "...while the standard of living in China and India has gone up." WOW, let's write that one down for posterity. When your standard of living is lower than the open sewers in the streets what other direction is there to go?— April 17, 2009 2:53 p.m.
San Diego Unemployment Soars to 9.3%. County Loses 44,600 Jobs over Year
JL is correct.. the blog critical of Mayor Sanders' predictions of a quick economic recovery has met its untimely demised on your blog... Odd since other posts are several months older .... Are you and the Reader being pressure to tow the line????— April 17, 2009 2:47 p.m.
Pension Pros Warn That Hocus-Pocus Could Be Used to Lower Annual Payment to System
BTW the intro line to the story says: "Mayor Jerry Sanders has named three new members of the San Diego City Employees' Retirement System." Well... Who are these new board members? What are their backgrounds? What qualifications do they hold to direct and manage billions of dollars?— April 17, 2009 7:41 a.m.
Pension Pros Warn That Hocus-Pocus Could Be Used to Lower Annual Payment to System
Finally, Jerry isn't this smart. While at the PD, important decisions were made by committee after being vetted to the point where nausea was setting in. Where is this advice coming from these days? Where is the promised transparency?— April 16, 2009 9:14 a.m.
Pension Pros Warn That Hocus-Pocus Could Be Used to Lower Annual Payment to System
So I have to ask the questions: 1. How are these types of shananagans prevented? 2. How do lay people recognized these acts to the shed light of day onto them AND those who would perpetrate them? 3. Would Board members as well as SDCERS management(Wescoe et.al.)have a fiduciary duty to SDCERS members to prevent future underfunding? 4. SDCERS must follow ordinances enacted by Council and signed by the Mayor. Could an ordinance be crafted in such a way to insulate the SDCERS Board and Management from action?— April 16, 2009 9:09 a.m.
SDCERS Board Member Who Spoke Up, Pressed for Full Disclosure, Jettisoned by Mayor
You've stated in the past the unions are all powerful... instead of having just a few targets ...all 8 are now responsible... I suspect the ones who would have voted to impose the deals no matter what are relieved not to suffer the retribution by themselves.— April 15, 2009 3:44 p.m.
SDCERS Board Member Who Spoke Up, Pressed for Full Disclosure, Jettisoned by Mayor
Regarding the council vote...word is tremendous pressure was applied to maintain a "unified" front. For what it's worth, a fly on the wall says it was done to share any potential political repercussions..... my question is when you cannot legally strike and withhold labor what reprecussion are you worried about.— April 15, 2009 3:03 p.m.
SDCERS Board Member Who Spoke Up, Pressed for Full Disclosure, Jettisoned by Mayor
Guess no one is immune: Atlanta-based law firm McKenna, Long & Aldridge, which has a San Diego office, announced today that it will drop salaries for new associates by $20,000, another example of how this recession is hitting industries previously thought of as recession proof. What do new associates make these days.. in 1985 Rogers & Wells San Diego Office began us at $85K to starting associates practicing environmental law..— April 15, 2009 2:57 p.m.