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Ex-Qualcomm exec vp charged with insider trading
Mark my words. Jing Wang is going to jack rabbit, skip bail and take off. Another two bit Walter Wencke. They're going to get him out of Dodge before he squeals.— September 23, 2013 9:14 p.m.
Ex-Qualcomm exec vp charged with insider trading
It was a typo. I meant Jing Wang. See the press release below. The Chinese officials probably had Bing Wang bumped off to shut him up. Bing's probably floating down the Yangtze river face down with a plastic bag over his head. http://www.qualcomm.com/media/releases/2003/03/05…— September 23, 2013 9:03 p.m.
Ex-Qualcomm exec vp charged with insider trading
Jing Wang is listed on various websites as the Chairman of Qualcomm China, the Chinese arm of Qualcomm. As reported on this blog, the SEC is investigating Qualcomm for possible violations of the Foreign Corrupt Practices Act by making illegal payments to Chinese government officials. Wang's arrest may be related to the SEC investigation of Qualcomm. Wang may know every detail about these payments. Wang is a lawyer and graduated from a prestigious law school. The Feds may have gone through Wang's email during the FCPA investigation and discovered the stock fraud that way. The Feds may be trying to pressure Wang to reveal who within Qualcomm's management knew about or authorized the payments. The Feds may be trying to make an example of Qualcomm's management. This is just conjecture, but its hard to believe that there's no connection between Wang's arrest and the FCPA investigation. It's possible that the Jacobs could be forced out of Qualcomm's management if they authorized these payments.— September 23, 2013 8:51 p.m.
Local unemployment rate falls to 7.4%
If you drive around San Diego it's very clear that most residents are poor. Hillcrest, North Park, and City heights are being bulldozed to made room for giant outsized apartment buildings to house the burgeoning poor who live three or four to an apartment. No one with options in life lives in such degraded conditions, breathing cigarette smoke, waking up all night to the sound of flusing toilets, disturbances from drug addicts who can't sleep, etc. Wealthy investors are happy to indulge the mobs of poor who are flocking here from the Midwest and other areas destined for a life of abject poverty in the highest cost area of the country.— September 22, 2013 2:03 p.m.
Goldsmith's office warns against city reclaiming control of emergency medical services
I suspect that the city can legally terminate the Rural/Metro contract because Rural/Metro filed bankruptcy. I am certain the city's contract with Rural/Metro allows the city to terminate the contract due to the bankruptcy filing. Goldsmith's legal conclusion that the city cannot staff and run its own ambulances without competitive bidding is truly laughable.— September 20, 2013 11:19 p.m.
California homes remain nation's most expensive
The impact of immigration should be imperceptible to the native born and they should not have their lives disrupted by a torrent of immigrants. Qualcomm's unleashing a tsunami of 6,000 foreign-born engineers armed with $120,000 per year jobs on a tight housing market is an outrage. And yes, these engineers should not be allowed to own houses or impact the price of housing. Qualcomm should be forced to construct company housing for these engineers and build company funded schools to educate their children.— September 20, 2013 10:12 p.m.
Turn out the lights, night events are over at Hoover High School
What you're listening to is the sound of poor kids being robbed of their educations. Poor black and Hispanic kids need a lot of things, but wasting 20 or 30 hours per week on sports is not one of them.— September 20, 2013 10:05 p.m.
California homes remain nation's most expensive
Limits need to be placed on home ownership in areas with high prices. California needs to go back to pre-1950 law which prohibited non-U.S. citizens from buying or owning real estate. Laws need to be enacted to encourage responsible behavior and limit competition for available housing. For example, convicted drunk drivers should be barred from living in congested urban areas and should be barred from buying houses. A bankruptcy filing should bar an individual from buying or owning a house for 15 years. In areas with high prices, laws should bar single family residences from being owed as rentals. Bill Gates, a resident of Washington state with no business interests in San Diego, should not be allowed to own a house in Rancho Santa Fe. Another problem is the cancer of the nonrecourse loan. No one should be able to simply walk away from a real estate loan with no further liability to the lender for the unpaid amount.— September 20, 2013 6:03 p.m.
Heath Bell claims insurance salesman ripped him off
A professional athlete and his money are soon parted.— September 20, 2013 2:01 p.m.
FINRA disciplines six area customers' representatives
The SDSU College of Business offers undergraduate and graduate degrees in financial planning. In my opinion, financial planning and selling investment advice is not an ethical or honest pursuit. Selling and marketing investment products on a commission basis is sleazy and scummy. Most of these investment products use investor money to generate phony investment returns for three or four years and then the investment collapses and the investor loses all. Look at the fiasco with non-traded REITs and the Tenants-In-Common investment scams. I object to SDSU using my tax dollars to fund what amounts to little more than a training program for white collar criminals. I want SDSU to eliminate financial planning from the business school curricula.— September 17, 2013 11:54 p.m.