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San Diego City Employees pension fund ailing
Hmmmm....interesting point about San Francisco Johnny....What's more interesting is the voters there approved a DROP program for their employees in last year's election cycle.— March 14, 2009 2:40 p.m.
San Diego City Employees pension fund ailing
Before BillyJohnSurfpuppy has a chance to gloat, although I'm sure why, I read that Mr. Goldstone, San Diego's C.O.O. is reporting the retirement system is down to 62% funding ratio. While the news is disheartening, it is not unexpected. Every single pension fund in the nation has suffered losses to some extent. On a more positive note, SDCERS percentage of loss has not be as bad as other systems such as CALPERS and Goldstone's report does not take into account this week's modest gains on major indexes. Remembering that SDCERS investment time horizon is 20-30 years out, it is important not to overreact to the drama of these reports.— March 14, 2009 8:22 a.m.
Newspapers Should Go Totally Online, Says Writer for Business Week Magazine
There is nothing more enjoyable to me than to sit down with a GOOD Sunday morning paper. Sadly, sometimes, this means going out and finding a copy of the LA or NY times in San Diego. Sitting down at the table holding my newspaper, sipping a cup of coffee, and looking over the top of my glasses as my wife brings me a heartly Sunday morning, err a, mid-morning meal, is American as apple pie. Call me "old fashioned" but discussing current events, as a family huttled around a 19 inch computer screen, just wouldn't be the same. Now I wonder if my son is done with the sports section?— March 14, 2009 8:11 a.m.
No Plea Deal for Madoff; Could Spend Remaining Days in Prison
I'm just wondering if the term Ponzi will be replaced by MADE-OFF with Billions....— March 11, 2009 3:10 p.m.
San Diego City Employees pension fund ailing
Jeez Johnny are you really that dense. I said an analog clock. The device, the clock, is correct twice a day. Don, I never mentioned a major step, just pointing out labor is negotiating and making concessions. And, I agree with you, it's time for executives and management to lead by example. Cause it hasn't happened yet.— March 11, 2009 3:05 p.m.
San Diego City Employees pension fund ailing
As usual Johnny your wrong once again. An analog clock gets it right twice a day. Here another indicator of cooperation by labor groups... "The union that represents Sacramento police has voted to forego a 5 percent pay increase promised to officers in June in exchange for avoiding layoffs and no unpaid furloughs through mid-2010. More than 1,100 police officers, dispatchers and other law enforcement union members voted Monday to approve a revised contract. The city hopes to save $6.4 million to address a projected $50 million budget deficit."— March 11, 2009 6 a.m.
San Diego City Employees pension fund ailing
Johnny logic... offer lower wages and benefits to lure qualified candidates... That may work in some lowly professions such as the practice of law.— March 10, 2009 7:11 p.m.
San Diego City Employees pension fund ailing
Here is an interesting bit of news... "[t]here is a proposal that will be presented tonight at the Vallejo City Council meeting to reduced the number of sworn police [officers] in Vallejo to 85. Based on the number of citizens, this would be dangerously low. Our computation shows that this would result in a ratio of 0.75 police officer per 1,000 citizens. This would be a new low for a major United States city." I know the ratio of firefighters has been 50% below national standards in SD for some time. Is the PD now headed this way too?— March 10, 2009 4:23 p.m.
San Diego City Employees pension fund ailing
Que voulez-vous dire de mon ami?— March 10, 2009 4:13 p.m.
San Diego City Employees pension fund ailing
I still believe Johnny Vegas, Billy Bob Henry, surf puppy and who knows how many others are the Sybil like persona's lurking in the recesses of the SD Readers' closet. Hey surfdoggy what exactly were your reason(s) for the new moniker?— March 10, 2009 3:17 p.m.