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Your Week — Daily event picks
Ben Bernanke, Henry Paulson prepare for bank bailout
I nominate Dr. Frazier Crane. Kelsey Grammer was actually being interviewed by one of the cable news networks for his advice on the crashing markets last week... After all, he can't be any less qualified than the Wall Street Masters of the Universe who've delivered up the current mess.— October 15, 2008 12:18 p.m.
SEDC to be sued if not paying for outgoing prez' legal fees?
...but what if we've got a whole school 'o bottom feeders?— October 15, 2008 10:47 a.m.
None
"In the Garden of Eden" morphing into "In-A-Gadda-Da-Vida" is classic. I once knew a fellow English tutor at City College who was crushed as a child that the title song of the ancient spy TV show was not "Secret Asian Man"... Does anybody remember the Eddie Murphy "Our Gang" commercial spoof on SNL where he mangles more than a few song lyrics?— October 15, 2008 10:10 a.m.
Mayor Sanders Reveals His Administration's Ignorance, Lack of Economic Vigilance
Maybe it's time to reverse the century-old annexation of Encanto Heights to the City of San Diego, so that we can have our own little inept city council in Southeast San Diego. I understand that SEDC would be more than willing to handle those duties, as it would be a no-brainer for interested developers. For our first mayor, we can have Carolyn Smith! I'm pretty sure that SEDC fellow traveler/consultant Angela Harris will second that motion...— October 15, 2008 9:53 a.m.
Will SEDC Board Members Testify on Smith Raises?... and other issues
ADDENDUM I actually encourage anybody who is a US citizen to take the FEMA Emergency Management Institute independent study courses. Even if you aren't a US citizen, you will find this information useful in dealing with the public debates on emergency planning that most likely involve your tax dollars and your future evacuation plans. Most of those courses actually state that the final exams are open-book/open-note tests, so no cheating is necessary. This makes sense because emergency managers ought to have position-related job aids on hand during an emergency, so that they aren't just making things up during a catastrophe but are relying on previously-made emergency plans for an effective response: in that sense, the testing conditions match real-incident working conditions. I have my own portal to FEMA's entire course list for free at http://cemis.stickywebs.com, but nothing is stopping you from taking the free courses (if you are a US citizen) directly at http://training.fema.gov/IS/crslist.asp (or go to http://training.fema.gov/IS/searchIS.asp?keywords… if you want FEMA EMI Professional Development Series certification as a potential volunteer coordinator.)— October 15, 2008 9:46 a.m.
Is Socialism Seductive? Or Was Today's Huge Rally More of a Technical Bounce?
Regarding #6: Your phrase "Solution of the Hour/Day/Week mode" seems so apt at this point... As someone who has some schooling in neural models as mathematical constructs, I am concerned that in the "acting without really knowing" that underlies the above phrase, there will be some considerable over-correcting, and it won't be pleasant. Looming crises include the reason for all of the liquidity accumulation/lack of lending by remnants of the financials: anticipation of the bottom half of multiple subprime/derivative/CDR discoveries by investors as those invisible "assets" become visible write-downs.— October 14, 2008 11:54 a.m.
Is Socialism Seductive? Or Was Today's Huge Rally More of a Technical Bounce?
Was Friday's DJIA volume enough to signal capitulation? If credit doesn't ease, then maybe this bounce is just part of a temporary ledge before another dive. In the meantime, it appears we have a new functional definition for "nitwit"...— October 13, 2008 4:27 p.m.
Illegal ways to avoid the San Ysidro border wait
"The standard of living is obviously quite different here, and in fact, Tijuana's standards are also quite different than in rural villages in the southern parts of Mexico. ... If the minimum wage in Mexico rises to your five dollars per hour, it would be a disaster. ... I would counter that the U.S. is just as much at fault for any problems with illegal immigration because the notion of an inflated minimum wage is counter-productive to a capitalist economy where the supply of labor against the demand for it should control wages." Well, there's our argument against globalization: it would be a disaster because if wages around the world were anywhere near ours, either our standards of living would have to fall due to rising competitive consumption around the globe or we would actually have to invest in real productivity to cover items not arriving on our shores, not derivative paper assets. Of course, most international efforts like this weekend's are about saving existing financial arrangements, not about increasing real productivity in Amerca.— October 13, 2008 12:17 p.m.
Illegal ways to avoid the San Ysidro border wait
"It is the greed of the pollero that perpetuates the illegal crossings more than the economic desperation of the pollos." I'd believe that if the official minimum wage in the highest-paying urban areas like Mexico City were anywhere near $5 an hour. Instead, it's more like $5 a day... and it's actually lower in the rural Mexican farming villages where most of the men crossing not at legal points of entry are coming from. Compare that to the $80-a-day City-mandated wage here in San Diego on any job that involves a contract with the City... closer to $100 a day without health benefits (http://www.signonsandiego.com/news/metro/20050413… ... "Supporters, including labor unions and faith-based organizations, say the raise would help workers cope with the high cost of living in San Diego while benefiting businesses by reducing employee absenteeism and attrition. Passage of the law, said Bishop George McKinney of St. Stephen's Cathedral Church of God in Christ, would offer low-wage workers 'the bread of life that they may better support themselves and their families.' ") I notice that since 2005, the standard asking wage in front of Home Depot for people without papers starts at $10 an hour. I wonder: How many US citizens not already in jail or prison would be willing to work for $5 a day?— October 12, 2008 1:27 p.m.
Brandes Takes Another Bath; This One Is in Royal Bank of Scotland
Isn't RBS a big partner of Sempra Energy? I thought RBS pumped more than a few billion$ into Sempra's LPG expansion plans not too long ago... Maybe there are now more reasons to turn out the lights beyond a lot of hot air blowing in from the east.— October 12, 2008 11:23 a.m.