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Scam Diego Entries for July, 2010

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This Crisis Is New? The City Confessed Six Years Ago

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On Friday, city council agreed to put a sales tax increase in front of the voters if several modest financial reforms are effectuated first. Mayor Jerry Sanders went along. It was big news: after all, Sanders had opposed tax increases ...

In San Diego, Sherrod Says She'll Sue Breitbart

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At a National Association of Black Journalists convention in San Diego today (July 29), ousted Agriculture Department official Shirley Sherrod said she would sue Andrew Breitbart, the right-wing blogger who publicized a completely misleading video about her last week. Breitbart ...

Did Somebody Change the Charter?

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San Diego City Charter Section 80 states that the City can't appropriate money for a contract, agreement or other obligation unless the Auditor and Comptroller certify that the required money is "IN THE TREASURY." But the City is going ahead ...

Gin's Lead Indicators Still Rising Moderately

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The lead indicators of the San Diego economy, compiled by Alan Gin of the University of San Diego, rose to 109.7 in June from 109.5 in May. The indicators have risen each month since March of 2009 when the level ...

Qualcomm's Jacobs One of Biggest Earners of Decade

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Irwin Mark Jacobs, a founder of San Diego's Qualcomm, raked in $436.8 million total compensation in the 1999-2008 period, making him the 16th biggest executive earner of the last decade, according to a study by the Wall Street Journal. The ...

San Diego Soars in May Case-Shiller Data

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San Diego's home values jumped 12.4% from May of last year to this May, according to Case-Shiller data released this morning (July 27) by Standard & Poor's. The only market which did better on a year-over-year basis was San Francisco, ...

Journal Puts Floatopia on Page One

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The sober-sided Wall Street Journal, which regularly follows offshore banks, is now following offshore booze. In this weekend's Journal (Sat./Sun. July 24), a front page story with color photo features San Diego's Floatopia. After the city permanently banned drinking on ...

Lest We Forget: Pension Woes Worse Than Ever

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With all the City's other problems, the pension woes have seemingly dropped down the "Do" list. But Mike Aguirre, former city attorney, will go to the City of San Diego budget committee today and point out some numbers. The present ...

San Diego News Network Pulls the Plug

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San Diego News Network (SDNN) informed its workers today (July 20) that it is going out of business. If there is an official closing date, it is unknown now. It's not clear if the Riverside County edition is going dark, ...

Suit Challenges Lid on City Workers' Healthcare Costs

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Last month, attorney Michael Conger filed a suit challenging the city council's 2009 placing of a cap on retiree health care benefits. The suit says that in 1982, the City decided to withdraw from Social Security. To induce employees to ...

Federal Government Ordered to Pay $3 Million to De La Fuente

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The Court of Federal Claims has ordered the federal government to pay the family of Roque De La Fuente II $3 million in back rent. The Border Patrol installed seismic sensors for a decade through 2009 on 897 acres of ...

Stocks of For-Profit Colleges Zoom on Rumors

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Stocks of for-profit colleges, which have been hit hard of late, are soaring today on rumors that the Department of Education won't be as restrictive on student aid eligibility as earlier expected. Analyst Trace Urdan of Signal Hill predicted that ...

Nextwave's Reverse Split Not Working

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In the stock market, a reverse split reduces the number of outstanding shares and is supposed to increase the price-per-share proportionately. If a stock sells for a dime, say, and undergoes a 1 for 10 reverse split, the price should ...

Cunningham Says Local Economic Recovery Losing Momentum

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Kelly Cunningham, economist for the National University System Institute for Policy Research, says in his July "Economic Ledger" that the San Diego economy may go through "another painful adjustment and retrenchment," although he doesn't necessarily see a double-dip, or return ...

June Unemployment Back up to 10.5%

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The unemployment rate for San Diego County jumped to 10.5% in June, up from a revised 10.1% in May, according to the Employment Development Department. The county lost 1,200 jobs during the month. Federal government employment was down 3,000, greatly ...

Ballpark Study Confesses: "We Hastened and Greatly Worsened the Glut"

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It's amazing how perpetual fudgers and fabricators sometimes let the truth slip out. So it is with the purported analysis of the economic impact of Petco Park, arranged by the San Diego Regional Economic Development Corp. The so-called study claims ...

Consultants Deliver What Those Paying the Bills Want

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"It's very cozy in San Diego," chuckles Heywood Sanders, professor of public administration at the University of Texas at San Antonio and the nation's leading expert on convention centers. Sanders points out that when the San Diego convention center wanted ...

U-T Doesn't Identify Paid Consultant

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The Union-Tribune is up to its old tricks. On today's front page (July 14) is a rave review, claiming that Petco Park has returned far more on the investment than expected. The study was done by a firm that specializes ...

Hmmm. Lucchino Lauds Private Ballpark Financing

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Hypocrisy, thy name is Larry Lucchino. A column in the Tuesday (July 13) Wall Street Journal lauds the Boston Red Sox for bringing fans to its 100-year-old stadium without taking "a dime of taxpayer money." The Red Sox have shown ...

Furlough Program to Knock 4.6% from Port Workers' Pay

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The San Diego Unified Port District announced a work furlough program today (July 12) to begin Friday and last through next June. The program, which should save $1.3 million, should help close a $10 million budget shortfall. Most port employees ...

Little Italy Association Recommended for Parking Contract

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The Budget/Finance & Administration Committee of Centre City Development Corp. (CCDC) yesterday (July 9) recommended that Little Italy Association get a $240,000 contract to enhance parking in the neighborhood. Among other things, the association will be responsible for enhancing on-street ...

Judge Confirms Ruling; Sanders Must Give Deposition

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Superior Court Judge John S. Meyer confirmed today (July 9) his tentative ruling of yesterday. In the matter of Kessler vs. San Diego, Mayor Jerry Sanders must give a deposition. The City argued that the mayor should be exempted, but ...

How Lobbyist Tried to Sway Pat Kruer

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The Los Angeles Times today (July 9) tells how Los Angeles area lobbyist Susan McCabe aggressively tried to get San Diegan Pat Kruer, a longtime member of the California Coastal Commission, to vote in favor of the waterfront redevelopment project. ...

Tentative Ruling: Sanders Must Give Deposition

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Judge John S. Meyer ruled tentatively today (July 8) that Mayor Jerry Sanders can be deposed in the case of Kessler vs. City of San Diego. The City was trying to protect the mayor from the deposition. The City will ...

Sense and Nonsense

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One reason San Diego is technically insolvent is that nonsensical arguments have dominated decision-making for years. In the Union-Tribune the last two days (July 6 and July 7) there was one story about good sense creeping into public discourse -- ...

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