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U.S. Loses AAA Rating from S&P
The market seems to rate Standard and Poors ZZZZZ.... by continuing to buy treasuries at nearly zero interest. So long as interest rates are low, unemployment is high, and inflation is reasonable, a big deficit is a good thing. Apparently S&P has left the sane to join the party that is fanatically certain that Adam rode dinosaurs. In a hundred years this will be funny, but I'm not laughing.— August 6, 2011 6:27 p.m.
Call It Macaroni
Aaron is a top local songwriter who plays tenor banjo and guitar, and sings in a crooning tenor. If you like melodies with an effortless and professional string accompaniment you will like this show.— August 6, 2011 12:55 a.m.
Stocks Plummet. Next Up: More Liquidity
Don't worry. Stocks are backed by the honesty and intelligence of the corporate CEOs.— August 5, 2011 1:33 a.m.
Minkow Gets Five Years
I defend the Robber Barons because they left a more just and prosperous world for us today, because of them or in spite of them. I defend Robber Barons because they built railroads, factories, cities, everything. Still they lived in a time far more harsh and evil than today, and correspondingly, were more crooked and despicable. The Robber Barons were more patriotic than today's Wall Street though. They fought for American market share overseas, and they ran American companies. Their predatory practices made enemies around the world, but they won work for their employees in the US. They were Americans.— July 24, 2011 4:18 p.m.
City Council Votes to Move Forward with Plaza de Panama
The bypass is ugly, and defaces the park's architecture. Entering the park through a fume choked hell is a travesty.— July 22, 2011 2:08 p.m.
Minkow Gets Five Years
If claiming there are bigger crooks on Wall Street was a defense, Dahmer, Bundy, and Gacy would walk. After all, Big Tobacco tortures and kills millions. Minkow gets off easy after his prior. Now study the picture carefully, doesn't it seem that he's turning his round collar and white tee shirt into a priest's collar? He looks great in orange. I hope he starts a fashion.— July 22, 2011 1:58 p.m.
Murdoch Gets Bad Advice from Aides, Says Local Publisher
"Nobody ever went broke underestimating the taste [or intelligence] of the American public." H. L. Mencken. These quotes might sum up the Murdoch empire until now, but many do go broke paying too much in leveraged buyouts, and so many newspaper chains that Murdoch outbid so often are in trouble. I smell baking books at Lies International. Smell is not proof, but advertising revenue is down overall, and especially in newspapers. This is the first Murdoch product outside of Ulman and Groening that I want to watch.— July 20, 2011 4:43 p.m.
Murdoch Gets Bad Advice from Aides, Says Local Publisher
Murdoch is highly leveraged, and I suspect that the lies he told the bankers will bring him down. Why anyone invests in the empire of lies is a mystery, I would think that many now suspect their money may not be safe in the hands of this obvious sociopath, and he will suffer the inevitable run on the bank. Sometimes I think lawyers give out a fill in the blank testimony form to rich crooks; I [your name here}, was too trusting of [closest associates]. [companies name] was solvent. but was driven into bankruptcy by speculators who caused a panic.— July 20, 2011 2:14 a.m.
Murdoch Gets Bad Advice from Aides, Says Local Publisher
Murdoch may be the smartest fox and the smartest republican, but that matters little to the hounds chasing him. He has many enemies, and like any good puppet master, keeps his face well hidden. Now the curtain is stripped away, and the puppets will sing a new tune. The foolish children meanwhile, whack each other like Punch and Judy. We may miss Rupert Murdoch, vile yes, but a grownup that can add and subtract. He can't save us now from the empty puppets he created.— July 18, 2011 6:20 p.m.
What war economy would do for San Diego
Other historians claim that a surplus of gold can raise prices in Imperial centers, destroying manufacturing and exports. Certainly this happened in Spain and Britain. Modern democracies tend to reject imperialism because the cost of the colonies exceed the benefit, So the US abandoned the Philippines, and the Europeans, Africa. Free trade has made empires obsolete. Why plunder what is cheaper to buy? I haven't read Ferguson, but writing history to prove a thesis is the fool's errand. If American Empire collapses, perhaps we will enjoy the explosion of prosperity the Europeans have since they abandoned their foolish dream of world domination. Defense cuts were central to the Clinton prosperity, increased defense spending central to the Bush failure. Long term, San Diego should plan for big defense cuts.— July 14, 2011 4:06 p.m.