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Dude, that fish taco place called again
876 text messages over what period of time? I thought my wife was a prolific "texter" at 440 text messages a month. If Rubios is sending this many messages over a months time I may owe her an apology? Or is this the "new normal" of how we communicate between employer and employee these days?— August 19, 2014 8:19 a.m.
SD pension mess hits Journal's front page
I don't believe ANYONE thinks that the returns over the last couple of years will continue. That's why they state LONG TERM goals of 7.75% for the County and 7.25% for the City funds. The County's 25 year average as of June 30th was 9.43%, nearly two percent more that the expected return. While the City's system returned averaged 9.4% over the past 25 years. More than two percent above the recently lowered expected rate of return of 7.25%. Yes it is TRUE both systems are still substantially underfunded. But at least for the City system we won't let the politicians or bureaucrats take any of the so-called excess earning, euphemistically called the "waterfall" in the past, from the fund. While we can't and don't expect such large investment returns in future years, we can and should be pleased with the report of this fiscal's year earnings. Later this year the Actuarial's report will tell us how these better than expected returns will, most likely, reduce the City's payment on the unfunded liability and that is good for all of us.— August 14, 2014 1:31 p.m.
SD pension mess hits Journal's front page
For those who don't have a subscription to the WSJ ...a similar story can be found here: http://www.bloombergview.com/articles/2014-08-12/…— August 14, 2014 12:46 p.m.
SD pension mess hits Journal's front page
In addition to the risk taken on by the County pension system, the fees paid are ENORMOUS. $10 million dollars ain't chicken feed. Combine that with the fund's short term ranking and everyone should be wondering about the Board's judgement. But to be fair, the County Pension system did respond to the UT's OP/Ed. Their response is here: http://bit.ly/1pnLks0 Overall the County did meet or exceed their stated goals. By comparison the City's pension fund reported a 16.6% return for the fiscal year that ended on June 30, 2014. ( SDCERS has a long term goal of 7.25% annual return) https://www.sdcers.org/News/Latest-News/By-Catego… While both funds still have unfunded liabilities SDCERS, the City's retirement system, doesn't spend anywhere near the $10 million for investment advice or the risky strategies taken on by the County's Fund.— August 14, 2014 12:39 p.m.
War Machine on the loose
This will undoubtably turn into a circus now that the bounty hunter wants in on the hunt. http://www.foxnews.com/entertainment/2014/08/13/d…— August 13, 2014 9:22 a.m.
Unconventional logic
Don Bauder: Sadly true...with no signs change in the foreseeable future as to the ongoing corruption in our town.— August 12, 2014 12:49 p.m.
Unconventional logic
An underground passage would present another issue beside the seismic one mentioned by Mr. Flannery. The sea water table at the existing convention center requires pumps running continuously to keep the underground parking facility dry.— August 12, 2014 12:45 p.m.
Unconventional logic
Regarding the question of contiguous annexation of San Ysidro. You'll find the information in this scholarly document. http://www.stopncannexation.com/viewcontent.pdf The relevant part begins on page 19 of 39, of the PDF. (Page 15 of the actual document.) While the motivations for annexation are alluded to, many insights to the workings of San Diego politics, at THAT time, are also included. I found them erriley similar to today's power brokers in our city.— August 12, 2014 7:12 a.m.
Jobs numbers rise, but so does jobless rate
So what you and and the numbers are saying is entry level or minimum wage jobs are growing, while real middle class jobs/careers are not? Is this the new economy promised by our political leaders?— July 18, 2014 2:10 p.m.
DeMaio gets campaign fund payback
The question in my mind is why any of these politicians CHOOSE to act this way? Seems to me our culture and the ethics of those who want to represent us has declined to such a point where the "game" is more important than doing what's right for the country. It is a rare instance where one of our elected representatives wants to serve "our country" as our founders intended. Today they rather they serve to enrich themselves in any way they can and at any cost. The ridiculous rules and regulations only facilitate the ongoing fraud against the people of what was once a great nation.— July 11, 2014 4:04 p.m.