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Pssst! Howd'ya Like to Retire with $300,000 a Year of Taxpayer Moolah
How many motorists received tickets from Scott because their front tires were six inches past the white line when they stopped their cars at the stop sign? I personally received two bogus traffic tickets from the San Diego Police for trumped up violations. Officers harvest what they sow.— September 30, 2010 10:09 p.m.
Price Slashes, Improved Team Haven't Helped Padres
Qualcomm is one of the best-located stadiums in pro sports -- near expressways with lots of parking. =========== Qualcomm is an outstanding facility and will provide at least 70 more years of service to the citizens of San Diego before it needs to be replaced. The properties of concrete are such that Qualcomm now has at least twice the loadbearing capacity it had when it was constructed in 1967.— September 29, 2010 11:19 p.m.
Price Slashes, Improved Team Haven't Helped Padres
This devastating decline in attendance does not bode well for the anonymous investors who purchased the Padres through a straw owner. The investors could not scrape up enough cash to buy the Padres outright, so they had to buy the team on layaway. A huge balloon payment is due to be paid to Moores in a few years. If attendance continues to plummet, the Padres may decline in value to the point the investors just walk away and give the team back to Moores.— September 29, 2010 11:13 p.m.
Did Platinum Pay $30 Million for U-T, or $52 Million?
The FAA website indicates that Copley Press owns the jet. At one time the jet was listed for sale on several websites, but Copley apparently never found a buyer. Google the jet's tail number and you'll find the jet flys all over the world http://registry.faa.gov/aircraftinquiry/NNum_Resu…— September 23, 2010 11:37 p.m.
Did Platinum Pay $30 Million for U-T, or $52 Million?
Copley couldn't be too bad off financially. The link below shows that he flew his private jet to the Netherland Antilles on 1/2/2010. The trip probably cost $20,000, when you figure the cost of the pilot, fuel, depreciation, maintenance, and insurance overhead. It probably costs at least $500,000 a year to operate the jet. Copley's living expenses probably total at least $2 million a year. http://www.flickr.com/photos/jordi757/4452551648/— September 23, 2010 9:02 p.m.
Did Platinum Pay $30 Million for U-T, or $52 Million?
It is impossible to tell what Platinum paid for the U-T without access to the purchase agreement. The purchase price of a business includes: (1) the amount of cash paid to the seller, and (2) the amount of business debt and liabilities assumed by the buyer. If Gores paid $30 million in cash for the U-T, and the U-T was loaded with $100 million in debt when he purchased it, he would have paid a total of $130 million for the U-T. Also, the $30 million figure may represent the cash Gores put into the deal. In an LBO, which is what this deal appears to be, the U-T would have borrowed most of the money used to buy Copley out and would repay the loan from profits. Gores could have put $30 million into the deal and the U-T could have borrowed another $100 million to buy Copley out.— September 22, 2010 7:43 p.m.
Five Oceanside Police Have DUIs?
Most LAPD officers are Mormons, and they don't use alcohol.— September 11, 2010 4:09 p.m.
Spanos Really Wants L.A., Says Yahoo! Sports
The link to the EDD Bulletin below shows that agricultural workers in the San Diego area earn between $11 and $12 per hour. Considering the fact that many of these workers live outdoors in canyons, you can imagine how much money these workers are banking. No living expenses to speak of, no taxes to pay, no health insurance costs to worry about (health care tab picked up by the taxpayer). http://www.calmis.ca.gov/file/agric/2009-1cab.pdf— September 11, 2010 12:22 p.m.
San Diego’s home-price recovery isn’t what it seems
— September 11, 2010 12:15 p.m.
Spanos Really Wants L.A., Says Yahoo! Sports
Keep the economic factor in mind: food is cheaper in supermarkets and restaurants because of illegal aliens working for extremely low wages. Americans don't want to face that. Best, Don Bauder ======== In 2009 the EDD reports that the average farmworker in California worked 38 hours per week and earned almost $11 an hour. Farm labor represents only 6% of the retail cost of food. If the illegal aliens who harvest crops were deported and replaced by native born Americans at $20 an hour, the cost of food would only increase 6%. There are plenty of native born Americans who are willing to pick crops, but not for $11 an hour. They would expect to receive a fair wage for their labor.— September 10, 2010 11:08 p.m.