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San Diego City Employees pension fund ailing

I did see something interesting in the http://www.sandiego.gov/pensionreform/pdf/min0408… report: "It was recognized that there may be limits to the City's debt capacity or other pressing City needs for that capacity that would make the extensive use of POBs either not possible or not attractive. The City owns a considerable amount of real estate that could be used, in a variety of forms, to provide the needed cash infusion. The most straight-forward option would be for the City to sell City-owned real estate and transfer the cash into the plan" (p. 32). Y'know, selling Balboa Park would cure all o' this pension funding talk once and for all time, just about as quick as our strong mayor can round up a real estate agent to take this transaction private. Anybody who doesn't have the taint of a block grant-abusing redevelopment corporation ought to do for this trick.
— January 26, 2009 3:45 p.m.

U.S. facing bear market till 2017?

For general information: The Security and Prosperity Partnership of North America (SPP) and the Amero were things I've never heard of before, but there is information about the partnership at http://www.spp.gov/ which does not indicate that it rises to the level of a Senate-approved treaty. Could it be that rumors of the Amero are being floated to improve sales of gold-related mining stocks?
— November 6, 2008 9:39 a.m.

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