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Minkow Owes $584 Million
The $584 million award stems from a civil lawsuit that Lennar filed against Minkow for defamation. The award is not part of Minkow's criminal case. So he probably can file bankruptcy.— June 18, 2011 9:36 a.m.
Minkow Owes $584 Million
In California the judgment only has a ten year shelf-life after which it is uncollectible. Also, Lennar can only take up to 25% of Minkow's earnings during the ten year period, which includes the time he serves in jail. So all in all, Minkow will likely never pay a dime.— June 18, 2011 9:16 a.m.
Mitt Romney's La Jolla Ties Attract Increasing Notice
If Romney is elected President, La Jollans aren't going to be too happy. Romney will likely make La Jolla his vacation residence. Every time he's there the police are going to have to close the roads in and out of La Jolla. It is going to be one hell of a mess.— June 18, 2011 12:03 a.m.
Burl Stiff Leaves Money, Items to San Diegans
There's a 1946 article in the Victoria Advocate about Burl helping a stray dog. There's a front page picture of Burl with the dog. http://news.google.com/newspapers?id=VS5IAAAAIBAJ…— June 17, 2011 11:39 p.m.
How Texas oilmen Clint Murchison and Sid Richardson ran Del Mar and national politicians from the Del Charro hotel in La Jolla.
The Del Charro was located in a secluded valley off Ardath Road. The area was undeveloped and carpeted with eucalyptus trees. There was nothing on the road leading up to the hotel, except for a lawn and garden store that was famous for selling high-end pottery. The Del Charro was torn down about 1973 and a large condo complex was built on the site.— January 6, 2011 10:58 p.m.
Proposition D Thumbed Down Overwhelmingly
Hoover and companion Clyde Tolson used to vacation in La Jolla every year to attend the horse races in Del Mar. They always stayed at the Hotel Del Charro in La Jolla. The Del Charro was owned by Texas oil magnate Clint Murchison.— November 8, 2010 7:38 p.m.
Proposition D Thumbed Down Overwhelmingly
Here's what i find interesting. When Sanders was elected to his first term, he only collected $36k per year instead of his full salary, which I believe at the time was around $95k. ========= Matt Potter has reported that Sanders and his wife are raking in close to $300,000 per year. I don't know whether Sanders has to split his pension with his ex-wife. I assume she is pocketing half his pension. If Sanders is not adding his years as mayor to his pension calculation, then I wonder whether his current wife, Rana, will be eiligble for survivors pension benefits when he expires. I doubt she would be entitled to any pension benefits that were earned prior to the marriage. By refusing credit for his years as Mayor toward his pension he may potentially be depriving his current wife of survivors benefits in the event he expires.— November 4, 2010 11:22 p.m.
Proposition D Thumbed Down Overwhelmingly
Did San Diegans thumb down Prop. D because they knew exactly where the money would go: for a $600 million subsidy to the billionaire Spanos family? Bud Bauder ============ I don't think so. If given the opportunity, the electorate will vote in overwhelming numbers to authorize the city to issue bonds to build the Spanos Family Stadium. At the same time, the electorate will vote to deny the city the tax increase it needs to repay the bonds. The electorate wants to build a new stadium but does not want to raise taxes to pay for it. In the final analysis, the electorate will have its cake and eat it too. The stadium will be built and the city payroll will be slashed to pay for it. That's why the city employee unions should be fighting the stadium and the convention center expansion tooth and nail. The unions are run by idiots who cannot see their own self interest.— November 4, 2010 10:54 p.m.
Proposition D Thumbed Down Overwhelmingly
Sanders is in a real bind, and so is the city. Without the extra hundred million in sales tax revenue no underwriter will float the $500 million bond issue he needs to build Spanos Family Stadium. The fool also went ahead with construction of the Downtown Library even though he knew the till was at least $36 million short of the funds needed to pay for it. Sanders is a moron. He needs to be put in a penitentiary with a ball and chain around his leg.— November 3, 2010 9:42 p.m.
Mortgage Mess Could Hit Banks, Housing
In most cases the US Patent Office no longer attempts to determine whether patents are valid or not. The fact that Mr. Lipper received a patent after the Bilski case was decided is irrelevant. Most patents are now automatically granted without regard to merit. In Bilski the Supreme Court ruled that an investment strategy that enables commodities buyers and sellers in the energy market to hedge against the risk of price changes could not be patented. The same legal principles in Bilski would apply to Mr. Lipper's investment strategy. His claimed patent is unenforceable in a court of law. http://www.supremecourt.gov/opinions/09pdf/08-964…— October 28, 2010 6:57 p.m.