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San Diego’s newest corporate darling, Bridgepoint Education
The legitimacy of Bridgepoint appears to be through the two schools they purchased, in Iowa and Colorado. Why are they here in San Diego?— May 12, 2010 12:52 p.m.
Economists Exult over Job Gains. Be Wary
The title of this AP article today pretty well sums it up: "Largest hiring burst in years, but jobless rate up" From the article: "The improving picture caused so many more people to pour into the labor force in search of employment that the jobless rate rose from 9.7 percent to 9.9 percent." http://news.yahoo.com/s/ap/20100507/ap_on_bi_go_e…— May 7, 2010 2:27 p.m.
Dow Plunges 348 -- but Recovers from Near 1,000 Drop
refriedgringo said: "Hey, it's like blackjack." It's a lot like Vegas. If you do your homework and learn to count and play perfectly with no mistakes, you move the odds in your favor by an amount barely worth the effort. By rule it is impossible for the casino to ever make a mistake, so they always play "perfectly" If the casino sees that you have gained an advantage, however, they change the rules (such as eliminating doubling with aces or using a shoe with multiple decks) to water your theoretical edge down so small that it is impossible to win any real money. They can also throttle your access (slow down your game) until there is little point to playing. The fallback position is that they can still cheat you blind if they really want to (or feel the need), because they completely control the game. There are even pretty easy ways to cheat you when using a shoe. I don't think they do it nearly as often as they used to, however, because the game is already so heavily rigged in their favor that they make so much money "legitimately" that the risk to reward is pretty high for blatant cheating. That sounds so much like Wall Street. They need your money to play, but all the control is with the house, and if you start doing too well they will either change the rules on you or just straight out cheat you blind.— May 7, 2010 8:04 a.m.
Dow Plunges 348 -- but Recovers from Near 1,000 Drop
SP said: "The market is UP!!!!!!! 70%?...Close, but not quite that good." Sorry, I didn't actually check the math, I just quoted the post. It looks like his number was for before the crash, way back on Monday! March 5, 2009 looks like the low, at 6594 which pushes it up to 60%. Comparing that to a Monday close of 11176 gives 69.5%. Poor Calpers. How are they going to balance their books if they have to use the current (as of 7:45am, its 10,315.74) value and only assume a 56% gain year over year?— May 7, 2010 7:52 a.m.
Dow Plunges 348 -- but Recovers from Near 1,000 Drop
SP, the market is still up 70% year over year from last march (2009). I am surprised that CAPLERS has not locked that in as their expected annual return over the next ten years!— May 6, 2010 11:06 p.m.
U-T Circulation Continues Fall. Ditto for Other Southern California Dailies
Response to #18: Don, I remember an interview with Reagan in which he talked about calling baseball games live on the radio based on telegraph messages. He once got a message that said the wire was down just after he said a batter had stepped up to the plate, so he just ad-libbed and described at length a long series of foul balls. When the telegraph finally came in, it said the batter hit into some routine out on the first pitch!— May 2, 2010 9:25 p.m.
U-T Puffs up Bridgepoint. Uh, Look Further
Don, as an interesting aside, in March of 2009 Bridgepoint leased 10 floors of the infamous Sunroad building.— April 30, 2010 8:53 a.m.
Utility Customers get $400 Million from Sempra Settlement
As long as we are on the subject of all the good works our friends at SDG&E and Sempra are up to, you might be interested in the meeting schedule to discuss the Sunrise Powerlink. From UCAN (http://www.ucan.org/blog/energy/electricity/sunri…) Get out and let your voice be heard! According to today's Union Tribune, SDG&E scheduled four meetings to meet with the community to discuss the Sunrise Powerlink. Here is the meeting schedule: Campo: 6 p.m. May 4, Mountain Empire Community Center, 976 Sheridan Road. Alpine: 6 p.m. May 10, Alpine Woman’s Club, 2156 Alpine Boulevard. San Diego: 6 p.m. May 12, Scripps Ranch Recreation Center, 11454 Blue Cypress Drive. Boulevard: 6 p.m. May 18, Sacred Rocks RV Park, 1331 Shasta Way— April 29, 2010 4:10 p.m.
U-T Circulation Continues Fall. Ditto for Other Southern California Dailies
Don, it always seemed to me that newspapers mostly gave away their product to boost circulation to sell advertising. Do you know what the cost is to physically typeset, print and deliver a paper? Is there much (or any) net between that and the delivery price for a paper? I understand that papers took a huge hit from losing want ads (a hit they deserved to take, in my opinion), but it has always seemed to me that the rest of their model should work even better online then it does in print. They can tailor ads to the content of the article being read and to the history of the reader, which is much more selective and worth more to the advertiser. There is a ton of advertising dollars available such that the UT ought to be available online for free with a full compliment of reporters to bring us the same high level of quality we have come to expect (tongue planted firmly in cheek). The fact that they are failing is a sign that they should be failing since they are so completely out of touch with the society on which they are supposed to be reporting.— April 26, 2010 9:17 a.m.
Local Unemployment Rate Back to 11%
Hip hip hooray! We're number one! We're number one! We should do something to celebrate. Maybe we could build another football stadium or expand the convention center to celebrate!— April 16, 2010 4:50 p.m.