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San Diego Economy: Where’s the Oomph?
The Beautiful People are under severe financial stress, no doubt about it. As an example, prospective debutantes are no longer being tested for purity during the vetting process due to a shortage of funds.— June 11, 2012 9:37 p.m.
New Proposal: Huge Hike in TOT Tax to Improve Infrastructure
Without a ballot proposal to increase the TOT Taxpayers and Convis will be without the planned $74 million they have already budgeting for next year. ========= Convis should be eliminated. The $74 million budget should be re-routed to repair streets and sewer lines. I see no evidence whatever that Convis generates tourist dollars. Funding Convis is like flushing money down the toilet.— June 9, 2012 11:42 p.m.
New Proposal: Huge Hike in TOT Tax to Improve Infrastructure
Jacobs owns San Diego and he will build what he pleases. It will take a ballot initiative to prevent Jacobs from raping Balboa Park. Once Carl "Momo" DeMaio is elected Mayor, he is going to start planning his next move. He will probably run for the Senate or Governor. DeMaio has only been in San Diego six years. He doesn't give a crap about Balboa Park. He wants Jacobs' money and political support for his future campaigns.— June 8, 2012 5:48 p.m.
New Proposal: Huge Hike in TOT Tax to Improve Infrastructure
The problem in San Diego is the large number of apartment dwellers who contribute little if anything to the city coffers. An owner of a single family residence can pay $5,000 per year or more in property taxes while a renter pays less than $300 per year in property taxes indirectly through rent. The city should enact an apartment dwellers tax of $500 per year per apartment unit. Landlords would collect the tax from the tenants (a portion of the tax would be included in each rent payment) and remit the taxes to the city monthly. Conrad Prebys owns 7,000 apartment units in San Diego. A $500 per unit tax on Conrad's tenants would generate $35,000,000 in additional tax revenue per year. An apartment dwellers tax would go a long way toward reimbursing the cost of providing police and fire protection to apartment dwellers. As it stands now, apartment dwellers are essentially receiving these services for free.— June 8, 2012 5:36 p.m.
Scooter adventures along the 56 highway in San Diego. Traveling from Rancho Penasquitos to Torrey Pi
You're both lucky to have survived the trip.— June 2, 2012 10:49 p.m.
Once-Ejected Sefton Son Should Share in Estate, Says Appeals Court
Joseph W. Sefton is Thomas W. Sefton Sr's father and Thomas W. Sefton Jr's grandfather. Thomas Sr was adopted. Joseph died in 1966 and Thomas Sr died in 2006. This is explained in the family history below: http://www.sandiegohistory.org/journal/v53-1/pdf/…— June 2, 2012 4:10 p.m.
Once-Ejected Sefton Son Should Share in Estate, Says Appeals Court
The Grandfather's trust apparently owned the controlling 52% interest in San Diego Trust & Savings Bank in 1993 when it merged with First Interestate Bank in a $340 million stock swap. The trust should have received $176,800,000 in First Interstate stock from the merger. A few years later First Interstate Bank merged with Wells Fargo Bank in a stock swap. It hard to say what the trust was worth when Sefton died. It would depend on whether the trust sold the First Interestate and Wells Fargo stock, or held on. Wells Fargo's stock took quite a hit during the financial collapse. I think Thomas Jr. is going to receive at least $75 million, maybe more. This is a big story, apparently one the U-T has chosen to ignore. http://articles.latimes.com/1993-08-10/business/f…— June 2, 2012 12:08 p.m.
Liquor Store Group Run by Outspoken Chaldean Leader Mails Hit Pieces Against Filner
Fletcher is for sale to the highest bidder. If Fletcher had been on the deck of the Titanic, he would have shoved his mother out of the way to get to get a seat on a lifeboat.— May 29, 2012 11:22 p.m.
Duke Cunningham Can't Have Gun
Most Naval Aviators have testicles the size of bowling balls and brains the size of peas. Duke is no exception. It's no wonder he got himself into this mess.— May 27, 2012 1:41 p.m.
Facebook Hype Indicate Peak? Year 2000 Worse
Goldman Sachs is the driving force behind Facebook. Early this year, before the IPO, Goldman Sachs purchased 69,544,363 shares of stock for only $1.45 billion. Goldman Sachs has already unloaded 38 million shares at $37.58 per share. Do the math. Goldman Sachs' recovered its entire investment in the stock on the first day of trading and the company has no investment in its remaining shares and nothing at risk in the company.Read Matt Taibbi's expose on Goldman Sachs, and how Goldman Sachs made billions off the last technology bubble while small investors lost their shirts. If you own Facebook, unload this piece of sh#@ while there's still time.— May 21, 2012 6:56 p.m.