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Carlsbad Woman Suspected of Killing Husband
Pfingster will probably be paid from the proceeds of the husband's life insurance policy.— August 11, 2012 11:10 a.m.
Did This Guy Prepare YOUR Taxes?
Martinez was insane to think that he could get away with murdering the witnesses. He should have simply plead guilty. He would have probably received no more than 5 years at a country club prison. Now, he'll probably wind up in prison for life, and it won't be a country club prison. When you commit crimes like this you have to stash a lot of dough offshore and have an exit plan like Wally Wencke and Clifford Graham did. You can't stay in the U.S. and face the music.— August 10, 2012 9:05 p.m.
Strong-Arming Tactics Not New For U-T San Diego CEO John Lynch
I think Lynch will have to install fire sprinklers in the building in order to comply with the code. It's open to question as to whether he will have to install sprinklers only in the area where the cars are stored, or the entire building. It could cost several million.— August 7, 2012 8:17 p.m.
Screw U: The Next Bubble May Be Higher Education
"Those of us fools suckered into higher education deserve federal consumer protections just like any other fool entitled to file for bankruptcy." If God did not want these fools sheared, He would not have made them sheep.— August 6, 2012 11:01 p.m.
Latest Import from China: Jobs
Whirlpool is merely assembling KitchenAid mixers in the US with parts made in China. Screwdriver assembly is not manufacturing. I used to pay $120 a pair for New Balance running shoes because the company claimed the shoes were made in USA. It turns out that the uppers and soles of the shoes were actually made in China. The only manufacturing performed in the USA was gluing the uppers and soles together. I stopped buying New Balance shoes.— August 6, 2012 9:33 p.m.
Screw U: The Next Bubble May Be Higher Education
Before Congress changed the law to make student loans non-dischargeable in bankruptcy, the default rate was rapidly approaching 25%. See link below. The Federal government should get out of the student loan business because it cannot administer programs like this. The GI Bill should be the only federal college aid program. http://news.google.com/newspapers?id=IVoqAAAAIBAJ…— August 5, 2012 2:03 p.m.
Screw U: The Next Bubble May Be Higher Education
I believe that requiring borrowers to sign military enlistment contracts that activate upon default would sharply curtail the default rate. Defaulters could repay their loans with honor by serving in the military at reduced pay. Unpaid student loans are just piling up and I suspect that little or no effort is being made to go after deadbeats. Most loan defaulters probably drive Passats or BMWs and could easily repay their loans in a few years if they scaled back their spending and stopped pissing their money away in bars and restaurants. I would like to see the passports of student loan defaulters and see how many have taken costly foreign vacations while their loans remain unpaid.— August 4, 2012 11:26 a.m.
Screw U: The Next Bubble May Be Higher Education
The military CLRP student loan forgiveness program is described below. The GI Bill is the only college aid program the federal government should fund. http://usmilitary.about.com/cs/joiningup/a/clrp.h…— August 3, 2012 1:35 p.m.
NextWave, Manchester Investment, to be Sold to AT&T
I have followed Nextwave for many years, but never owned stock in the company. This morning I tried to piece together Papa’s exposure using SEC filings. Nextwave is $1.1 billion in debt including $80 million owed to Papa Doug. At some point Papa rolled over his $50 million preferred stock investment into the $80 million loan. AT&T agreed to pay creditors $550 million in settlement of the $1.1 billion debt, or only 50 cents on the dollar. Assuming the $550 million is distributed to creditors pro rata, Papa lost $40 million on the loan. I couldn’t get a clear picture on what Papa paid for his common shares, but it appears to be well north of AT&T’s $1 per share offer. Papa appears to have lost a bundle, but nobody knows for sure.— August 3, 2012 9:27 a.m.
Screw U: The Next Bubble May Be Higher Education
Most debtors can discharge their student loans merely by serving a four year enlistment in the military or joining the reserves. Student borrowers should be required to sign an enlistment contract as security for repayment of the loan. If the borrower defaults, then the borrower should be inducted into the military to serve at a reduced salary until the loan is repaid. I am opposed to any amnesty or amending the bankruptcy code.— August 2, 2012 6:55 p.m.