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Rich get richer
Regarding #3: Hey... why not start a whole new league? Imagine that: teams with real ties to the cities they represent!— October 10, 2008 9:48 p.m.
Supervisors to Grantville, "F*** You!"
Come to think of it, Dianne Jacob so far has been the only local government leader to take an interest in the Encanto Gas Holder friable asbestos mess while staying in office. Unfortunately, US Attorney Carol Lam got canned after the federal indictment and before the case went to trial. Guilty, Guilty, Guilty (http://www.google.com/search?q=SDG%26E+guilty).— October 10, 2008 9:41 p.m.
Bauder recommends to go short in San Diego real estate
Regarding #2 and bank insolvency: Today's DJIA selloff sems to have come after CNBC had discussion of the adequacy of the FDIC chairman's troubled bank list... until that discussion, things didn't seem that bad.— October 9, 2008 3:39 p.m.
Liquidity Flood Is Not Getting Stock Market Drunk. One Reason Is Fear of Banking System Insolvency
My experience working for RTC tells me that greed is a constant factor in extreme financial collapses. Right now, we are looking at the hazard with the highest risk profile in the form of our own volatile economy, and there's nothing in the National Response Framework or the National Strategy for Homeland Security that is in any way prepared to respond to a modern Great Depression as an economic catastrophic incident complex of national significance (FEMA's terminology, not mine).— October 9, 2008 3:35 p.m.
Marriage scouting
I am curious to see if the Sempra Energy contributions were made before or after the lawsuit loss over the Marine helicopter and crew downed by power lines...— October 2, 2008 4:57 p.m.
Flip-flop
Kudos for being aware and digging deeply for the contradictory behavior. Is Spanos in favor of putting a new stadium in the sky above Port of San Diego property through a ballot initiative?— October 1, 2008 5:41 p.m.
San Diego continues to reward bad behavior
It seems that the only way to counter the hubris and horse manure of government and the financials that pull government's strings is to start slinging some of the latter of my own. I am in the process of starting campaigns in every state for a grassroots campaign leading to a constitutional convention over the following, in four simple sections... The following language is made available to the people of the several United States of America. It is not a proposal for members of the Congress of the United States, unless the people of a State instruct their Representatives and Senators to recognize their call for a Constitutional Convention (pursuant to Constitution of the United States Article V), convened for the purpose of debating the adoption of the following language: PROPOSED BARTER BILL OF RIGHTS Article ____ Section 1. Congress shall make no law regarding the reporting or taxation of private transactions between persons not involving the legal tender of the United States; all such existing laws are hereby repealed or limited to those other transactions as defined by law. Section 2. No State shall make any new law or regulation, or amend any existing law or regulation, regarding the reporting or taxation of private transactions between persons not involving the legal tender of the United States without a two-thirds majority ratification by the people of the State, with abstentions not counted. Section 3. Congress shall have power to declare that the purchase or sale of any present or future class of derivative financial instrument or similar commercial paper is not a transaction exempted by this Article from reporting or taxation, where at least one party is a natural or artificial person, or any combination of such persons, subject to the laws of the United States. Section 4. Congress shall have power to establish and adjust taxes on the profit in any interstate commercial transaction not involving the legal tender of the United States, where at least one party is subject to the laws of the United States.— October 1, 2008 4:42 p.m.
In transit
There are reasons to be thankful for not living in Point Loma, Pacific Beach, or Clairemont. Maybe safe election districts are at least partly to blame for low voter turnouts? At least Carolyn Smith gave an interview...— September 19, 2008 11:17 a.m.
Paulson's socialistic plan to bail out Wall Street is election year fraud
Drdebt has an interesting observation. It kind of reminds me of the Soviet Union going broke over StarWars.— September 19, 2008 8:44 a.m.
Paulson's socialistic plan to bail out Wall Street is election year fraud
I am not looking forward to having mutual funds insured in some FDIC-like fashion. All that would do is institutionalize the role of derivative paper as a permanent fixture of our economy, like there is otherwise insufficient productivity in our economy to maintain reasonable growth with low unemployment and low inflation. Plus, it's only a matter of time before new derivative markets spring up around any mutual fund insurance program... Without curbing our economy's insatiable appetite for easy credit (as opposed to showing investors reasons for equity investment), this on-going cycle of boom and bust will continue. I predict that in five to ten years, some future president will be giving us the same speech we were given this morning, again with nobody around to ask the journalist's question: "How much of this risk you mention IS there?"— September 19, 2008 8:34 a.m.