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When Governments Cut Spending, It's Citizens, not Bureaurats, Who Suffer
I agree with Ponzi, but as I stated, many people are worried that if you give an inch, even a fully justifiable inch, then that inch could turn into a mile. I would love to make commercial properties subject to new tax reassessments every couple of years. But here is my beef and what I am VERY AFRAID of-two things; 1) That tax reassessment will eventually try to be pushed onto regular homeowners-somewhere down the road- that Prop 13 was meant to protect. And that push will come from the gov employees under the guise of an "emergency", or "one time tax increase", or my favorite, a "temporary tax increase"; and 2) I am even more worried that the tax revenue that would come from reassessments of commercial properties would NOT go to more or better gov services-it would just go where all new tax increases have gone the last 15 years, right into the gov employee’s pocket-in bigger and better pensions, bigger and better salaries, bigger and better everything. That would NOT improve society, but have the opposite effect. I would RATHER have a Disneyland, NASSCO and other corporate employers use that tax windfall to build their business, hire new employees, and expand their markets. Having that tax windfall in their hands to grow the economy is a much better use-in my eyes. You just cannot trust the gov today to use taxpayer money wisely, they will squander it, while I KNOW a Disneyland or NASSCO will use it wisely-if they didn’t they would have been out of business long agao. It is a pretty sad day when you cannot trust the gov to do the right thing.— June 18, 2010 9:21 a.m.
U-T Axes 34 to 40
It's sad to think that the quality of the paper will go down because Platinum is greedy ========== If the quality goes down so will profits, so if greed is the overriding factor ( nothing wrong with wanting to make $$), it may be wise to do whatever it takes to improve profits, including SPENDING money.— June 17, 2010 11:21 p.m.
This is so purely California. Beach, sun and a train ride on the coast.
Beautiful pic.....— June 17, 2010 9:37 p.m.
U-T Axes 34 to 40
Every industry values individual businesses like the U-T based on an earnings multiple, for example, annual earnings times 10. If the U-T axes 30 reporters who each earn $60,000 per year and replaces them with 30 reporters each earning $30,000 per year, the U-T will save $900,000 annually. If investors value the U-T using a ratio of 10 times earnings, $900,000 in annual savings will increase the resale value of the U-T by $9 million. This is the game Platinum is playing, firing older reporters and replacing them with younger reporters who earn less in order to increase the value of the company =========== B-the multipier is only going to matter if the UT is making a profit, and is usually a secondary source of valuation, not the primary source. So firing veteran employees and replacing them with younger cub employees won't do jack if they are in the red....... Most people buying a business will look at the gross multiplier as a secondary estimate of value, but a far better way to value a business is through a capitalization rate, and if you are in the red you don't have a positive CAP rate.....so firing the high paying people is not going to help if they cannot turn a profit-and may actually hurt if the new cubs don't have the experience to help get the paper into the black. No, there is more to it than just positioning the UT for a sale down the road.....— June 17, 2010 9:28 p.m.
U-T Axes 34 to 40
Some senior employees were offered choices of jobs at much lower pay or severance packages. ============= Government should try this.— June 17, 2010 7:57 p.m.
OK ????
It is in Japanese, but has subtitles....— June 17, 2010 5:46 p.m.
OK ????
This was a remake of a Japanese film, that was excellent; http://www.imdb.com/title/tt0117615/ If you have not seen the original, which this film was based on (and came out 8 years earlier)-I highly recommend it.— June 17, 2010 5:45 p.m.
San Diego Gay and Lesbian News, against Gay and Lesbian Times
I meant chomping as in using big incisors to take a bite out of the person in power. Literary license. =================== :) We need to take a bite out of crime-gay crime too!— June 17, 2010 5:42 p.m.
License Creep
What do you mean exactly by "19 times the City's alcohol-related crimes"? PB is part of San Diego, so it can have just a portion of the alcohol problems, not to exceed 100%, but your statement makes it sound as if PB has 1900% more alcohol crime than the City, which is not possible.— June 17, 2010 5:37 p.m.
When Governments Cut Spending, It's Citizens, not Bureaurats, Who Suffer
Has Proposition 13 left government with too little money to run itself? Hardly. From the date Proposition 13 took effect in 1978 until now, property tax revenue has increased 580 percent. You read that correctly: 580 percent. During that same time, California’s population went from about 24 million to 38 million, an increase of only 58 percent. In other words, government revenue under Proposition 13 has grown 10 times the rate of population growth.— June 17, 2010 5:34 p.m.