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David Dodd
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Encinitas El Torito Closes Down
"..the landlords for both restaurants wanted to raise the leases." Sort of explains it. They must have a long line of potential tenants in order to try and raise lease prices in this economy.
— September 29, 2011 12:01 a.m.
Letters
I'm loving the outrage by "Ph. D." types. Dr. Phelps writes, "Suicide is the third-leading cause of death among young adults...". Oh, really? Think about that sentence for a moment. You are saying, in essence, that death causes death. Mencken had better watch out, because as amusing as I find his column, I find your reaction even more amusing. Chew on this for a while, doc: Guns firing are the leading cause of all bullet wounds. And I don't even have to look that one up, Captain Obvious told me it was true. Meanwhile, Dr. Kenzelmann writes, "Suicide is a public health issue that is completely preventable." Seriously? I could off myself RIGHT NOW, and there's nothing anyone could do to prevent that. Honest. If I wanted, TRULY WANTED to punch my time card for the last time, there isn't anyone that could do anything to prevent that. It's a personal choice, ma'am. Call me one of those zany libertarian types, but I'm all about personal choices. Thankfully, suicide is one choice that can NEVER be taken away from me (unless some doctor prescribes a bunch of drugs that control my mind so I don't have that personal choice available anymore). Suicide is not so much tragic as it is whimsical. The "Letters" section of the Reader will forever remain my favorite part of it. Keep them coming, you wonderful doctors, you provide me with at least 15 minutes of entertainment each week. And Mencken, you magnificent bastard, you are the catalyst in the two-part epoxy glue that somehow manages to hold my world together.
— September 28, 2011 11:38 p.m.
Is He a Citizen?
I agree, it is certainly time for Mexico to end its encouragement of migration to the U.S. in order to take advantage of money sent home. It is getting better, but there is a long way to go here. I'll add this: My own sister-in-law, armed with a visa, had her little girl in the U.S. Why? Because her husband has family in Los Angeles, U.S. citizens, and they visit often. She came right back into Mexico, she has a practice here and does just fine for herself. Sometimes it's simply the convenience of being able to cross the border once every few months without repercussions. As for myself, my daughter was born right here in Tijuana. My wife had a visa at the time, and we discussed it, and decided that ultimately, she should be born Mexican and decide for herself. She has a Green Card. If I wanted to, I could certainly push the issue, as I am a U.S. citizen, so long as I pay the U.S. Government a "fee", she will automatically become a U.S. citizen. That's not going to happen. That decision is hers. But there are far too many trapped in the U.S. That really is the bigger issue.
— September 27, 2011 1:21 p.m.
San Diego unions push transaction tax
But it is, SP. Right now, let's say we have $100,000 and decide to buy stocks. It's a gamble, because the person willing to sell them to us at whatever price, is betting that the stocks will be worth less tomorrow than they are today. Otherwise, they wouldn't be selling. Every transaction is a gamble, for both sides.
— September 27, 2011 1:04 p.m.
San Diego unions push transaction tax
But economic growth does not have to - and I would argue SHOULD not be - based on taking companies public in order to encourage such growth. It isn't a handful of publicly-held companies that move that indicator, but a flurry of small, privately-held businesses that provide true growth and and fertilization for a robust climate for such growth to continue. Markets are for gamblers, private business is for true investors.
— September 27, 2011 1:01 p.m.
San Diego unions push transaction tax
Don, Wall Street has always been a casino. Think of the crash in 1929. I'm not certain that it's reasonable to expect the market to be something it isn't. On the other hand, in general, if someone invests in very sound stocks - or even better the index itself - for the long term of perhaps thirty years or more, then obviously the result would be quite satisfactory.
— September 27, 2011 10:06 a.m.
San Diego unions push transaction tax
SP, no offense, but you're a lawyer. What are YOU producing? I get that you disagree with Jeff, but man, you two aren't exactly building bridges and skyscrapers here. HF traders, insomuch as you might not see some sparkling new city library built in their wake, provide a ton of liquidity in the market at breakneck speed. If you can put that in micro economic terms, it's a lot like some super-high-speed Walmart, except the store both sells and buys goods from consumers at breakneck speed. Think of that in terms of creating friction, and that friction keeps the market from slipping wildly.
— September 26, 2011 9:26 p.m.
San Diego unions push transaction tax
Don doesn't, he knows better than that. We've had the discussion maybe a year or two ago.
— September 26, 2011 8:59 p.m.
San Diego unions push transaction tax
And that was over 4 billion in one trade. The SEC cleared the cause on HFT trading, but never suspected an enormous move like that out of Waddell & Reed as suspicious at all. Go figure. Bet they have good lobbyists.
— September 26, 2011 8:52 p.m.
San Diego unions push transaction tax
I'll answer that. 1. HFT actually benefits the market. The liquidity offers market stability, the SEC investigated this just last year when HFT was blamed for a sell-off. Later it was discovered that the fault was really when a firm took a multi-billion dollar position in order to hedge another position they took. The real fall took place when most oft the HFT systems decided to go on hold and stop trading because of the large position, which halted liquidity and sent things tumbling. 2. You'll have to be specific as to how that is happening. All trades are reported, and as Jeff points out, investors using HFT even receive small payments in exchange for the liquidity. Where is the undetectable fraud? 3. Anyone who has capital to invest in the market can either purchase the software, or trade through firms that offer the service. The wealthy also drive expensive cars, SP, should everyone then be able to drive expensive cars because otherwise it simply isn't fair? 4. The only people that want a transaction fee are governments (for the ability to spend that much more money on people that would elect them to office) and people that don't understand how HFT actually works. In effect, it would kill off liquidity in the market and promote the type of market instability that led to market crashes far beyond the ups and downs we are currently noticing. And SP, we're having a discussion here, you tend to get a little wound up about it. You bite, and people are prone to bite back. I don't mind seeing people disagree, but really, you and Jeff don't need the name-calling. We're all adults here.
— September 26, 2011 3:18 p.m.
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Encinitas El Torito Closes Down
"..the landlords for both restaurants wanted to raise the leases." Sort of explains it. They must have a long line of potential tenants in order to try and raise lease prices in this economy.— September 29, 2011 12:01 a.m.
Letters
I'm loving the outrage by "Ph. D." types. Dr. Phelps writes, "Suicide is the third-leading cause of death among young adults...". Oh, really? Think about that sentence for a moment. You are saying, in essence, that death causes death. Mencken had better watch out, because as amusing as I find his column, I find your reaction even more amusing. Chew on this for a while, doc: Guns firing are the leading cause of all bullet wounds. And I don't even have to look that one up, Captain Obvious told me it was true. Meanwhile, Dr. Kenzelmann writes, "Suicide is a public health issue that is completely preventable." Seriously? I could off myself RIGHT NOW, and there's nothing anyone could do to prevent that. Honest. If I wanted, TRULY WANTED to punch my time card for the last time, there isn't anyone that could do anything to prevent that. It's a personal choice, ma'am. Call me one of those zany libertarian types, but I'm all about personal choices. Thankfully, suicide is one choice that can NEVER be taken away from me (unless some doctor prescribes a bunch of drugs that control my mind so I don't have that personal choice available anymore). Suicide is not so much tragic as it is whimsical. The "Letters" section of the Reader will forever remain my favorite part of it. Keep them coming, you wonderful doctors, you provide me with at least 15 minutes of entertainment each week. And Mencken, you magnificent bastard, you are the catalyst in the two-part epoxy glue that somehow manages to hold my world together.— September 28, 2011 11:38 p.m.
Is He a Citizen?
I agree, it is certainly time for Mexico to end its encouragement of migration to the U.S. in order to take advantage of money sent home. It is getting better, but there is a long way to go here. I'll add this: My own sister-in-law, armed with a visa, had her little girl in the U.S. Why? Because her husband has family in Los Angeles, U.S. citizens, and they visit often. She came right back into Mexico, she has a practice here and does just fine for herself. Sometimes it's simply the convenience of being able to cross the border once every few months without repercussions. As for myself, my daughter was born right here in Tijuana. My wife had a visa at the time, and we discussed it, and decided that ultimately, she should be born Mexican and decide for herself. She has a Green Card. If I wanted to, I could certainly push the issue, as I am a U.S. citizen, so long as I pay the U.S. Government a "fee", she will automatically become a U.S. citizen. That's not going to happen. That decision is hers. But there are far too many trapped in the U.S. That really is the bigger issue.— September 27, 2011 1:21 p.m.
San Diego unions push transaction tax
But it is, SP. Right now, let's say we have $100,000 and decide to buy stocks. It's a gamble, because the person willing to sell them to us at whatever price, is betting that the stocks will be worth less tomorrow than they are today. Otherwise, they wouldn't be selling. Every transaction is a gamble, for both sides.— September 27, 2011 1:04 p.m.
San Diego unions push transaction tax
But economic growth does not have to - and I would argue SHOULD not be - based on taking companies public in order to encourage such growth. It isn't a handful of publicly-held companies that move that indicator, but a flurry of small, privately-held businesses that provide true growth and and fertilization for a robust climate for such growth to continue. Markets are for gamblers, private business is for true investors.— September 27, 2011 1:01 p.m.
San Diego unions push transaction tax
Don, Wall Street has always been a casino. Think of the crash in 1929. I'm not certain that it's reasonable to expect the market to be something it isn't. On the other hand, in general, if someone invests in very sound stocks - or even better the index itself - for the long term of perhaps thirty years or more, then obviously the result would be quite satisfactory.— September 27, 2011 10:06 a.m.
San Diego unions push transaction tax
SP, no offense, but you're a lawyer. What are YOU producing? I get that you disagree with Jeff, but man, you two aren't exactly building bridges and skyscrapers here. HF traders, insomuch as you might not see some sparkling new city library built in their wake, provide a ton of liquidity in the market at breakneck speed. If you can put that in micro economic terms, it's a lot like some super-high-speed Walmart, except the store both sells and buys goods from consumers at breakneck speed. Think of that in terms of creating friction, and that friction keeps the market from slipping wildly.— September 26, 2011 9:26 p.m.
San Diego unions push transaction tax
Don doesn't, he knows better than that. We've had the discussion maybe a year or two ago.— September 26, 2011 8:59 p.m.
San Diego unions push transaction tax
And that was over 4 billion in one trade. The SEC cleared the cause on HFT trading, but never suspected an enormous move like that out of Waddell & Reed as suspicious at all. Go figure. Bet they have good lobbyists.— September 26, 2011 8:52 p.m.
San Diego unions push transaction tax
I'll answer that. 1. HFT actually benefits the market. The liquidity offers market stability, the SEC investigated this just last year when HFT was blamed for a sell-off. Later it was discovered that the fault was really when a firm took a multi-billion dollar position in order to hedge another position they took. The real fall took place when most oft the HFT systems decided to go on hold and stop trading because of the large position, which halted liquidity and sent things tumbling. 2. You'll have to be specific as to how that is happening. All trades are reported, and as Jeff points out, investors using HFT even receive small payments in exchange for the liquidity. Where is the undetectable fraud? 3. Anyone who has capital to invest in the market can either purchase the software, or trade through firms that offer the service. The wealthy also drive expensive cars, SP, should everyone then be able to drive expensive cars because otherwise it simply isn't fair? 4. The only people that want a transaction fee are governments (for the ability to spend that much more money on people that would elect them to office) and people that don't understand how HFT actually works. In effect, it would kill off liquidity in the market and promote the type of market instability that led to market crashes far beyond the ups and downs we are currently noticing. And SP, we're having a discussion here, you tend to get a little wound up about it. You bite, and people are prone to bite back. I don't mind seeing people disagree, but really, you and Jeff don't need the name-calling. We're all adults here.— September 26, 2011 3:18 p.m.