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U-T San Diego for sale again?
Congrats on the scoop. Nice seeing/reading that the old guys still know best ways and have the best sources.— September 20, 2014 9:37 p.m.
Chastened yet, Public Utilities Commission?
Guess the ROI on my roof top solar ain't going to pencil out as predicted... Figures now that I just had it installed in July.— September 16, 2014 10:50 p.m.
Calpers to dump hedge funds
Let me get this straight...the 300 BILLION DOLLAR CalPERS pension system is getting out of its hedge fund investment because they cost too much and provided less than stellar returns. The 10 Billion dollar San Diego County pension system is going ALL IN with its hedge fund schemes ... Just wondering how this is going to turn out?— September 16, 2014 10:46 p.m.
Not a lie: minimum-wage ordinance is law
I read that the petition gatherers on this issue have submitted their booty of signatures for verification. If enough are valid, which is more than likely, the ball will be back in the Council's court...they'll either have to rescind the Ordinance they passed, overriding the Mayor's veto, or put it on the ballot. If they choose the latter, it's either a costly, low turn-out Special Election, or the regular Primary Election in June 2016. Maybe someone can chime in on the cost of Special Elections?— September 16, 2014 4:29 p.m.
Not a lie: minimum-wage ordinance is law
While I understand we have a republic with a representative form of governance, please, someone, explain why it's a bad idea to have the electorate decide this issue. If partisan signature gatherers, paid or not, are lying, or misrepresenting the facts of this issue, then they should be held accountable. But don't try and take the initiative process out of the people's hands. For it is the strongest check we have over those who "govern". For those who are apathetic and choose not to vote, or inform themselves of the facts of this issue, I suspect they don't really care either way. Seems to me if this issue is as important as both sides claim, then 50% + 1 of the people who choose to vote, should decide it.— September 16, 2014 9:12 a.m.
No county for retirees
Businesses benefited from prop 13 too. In fact much more than homeowners ever did. This is the flaw of 13 and still is a mistake that needs to be remedied. For example, the largest real estate holder in SD County is SDGE. Its shareholder are the ones benefiting from the Prop 13 assessments. Since SDGE always "owns" the property it will never be reassessed like a change in home ownership. SDGE is just one example ...think of all the other business who own property that will never be reassessed because ownership doesn't change hands.— September 8, 2014 4:47 p.m.
No county for retirees
As a 2nd generation native, who is semi retired I would have a difficult time being comfortable anywhere else. So it seems I'll have to endure San Diego's less desirable attributes, such as the high cost of living, while enjoying some of the best year round weather. I have adapted to most of the negatives and would miss all the positives. Tell me Don why did you flee San Diego for life in Colorado for your golden years?— September 5, 2014 12:40 p.m.
SD pension mess hits Journal's front page
Here's another analysis of what the County is up to with its Pension Fund. http://www.goodriskgovernancepays.com/risk-manage… The questions raised at the end of the piece are thoughtful. With all the attention focusing on the County's risky plan what are the odds they'll now reconsider their decision and change to a less risky investment strategy?— August 22, 2014 10:39 p.m.
SD pension mess hits Journal's front page
Granted. The delimma is how do pension boards / managers earn returns necessary to sustain the benefits awarded by plan sponsors. Especially when sponsors (political and managerial leaders) are never held accountable. Seems the County's pension system managers/boardmembers are desperate (maybe too strong of a word) for higher returns to fund benefits granted by the plan sponsor. The obvious loser, the taxpayer who is required to pay for any and all deficits.— August 22, 2014 3 a.m.
SD pension mess hits Journal's front page
Getting back to the management aspects of our local pension funds, the County may want to consider this: https://sdcers.org/News/Latest-News/By-Category/R… With SDCERS, the City's pension system earning this national recognition for pension systems, the County should reconsider its costly investment strategies.— August 21, 2014 12:51 p.m.