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D.A. Summer Stephan's incumbent protection plan
Dumanis "arranged" for an early resignation, and she highly recommended Stephan has her successor. The board, following long precedent, ratified that choice without making any sort of serious search for a successor. So, yes, the board appointed Stephan after Dumanis groomed her, recommended her, and campaigned for her.— April 18, 2018 9:46 p.m.
Are these new college grads ready for life in overpriced San Diego?
The author chose these three grads just because they were carrying big student loan debt. One got a scholarship far away and incurred debt for living expenses, the next one studied locally and still ended up owing a lot, and the third went to a church school that charged plenty. All now have a massive burden. Did they consider less-costly ways to get an education? Who knows. Whatever they may have thought about, they made their choices, "girls and boices." And now they have to pay, pay, pay. When this present notion of borrowing, and borrowing massively, to finance a college degree came along, it seemed to simple. Students would borrow the money they needed (which wasn't going to be all that much), and upon graduation would get good-paying situations that would allow a payoff with little sweat. Those were the assumptions, neither of which applies today. To borrow your way to a BA/BS degree now, you need to plan to borrow plenty. And there is no reason to assume you can get a job that pays so much that you can easily pay off the loan(s). One thing that all that student debt did was to enable the colleges and universities to raise their tuition and fees at a rate that far exceeded general consumer price hikes. That is, the more students could borrow, the more the schools could and did charge. The real deal here is that the long-held expectation of a college education paying for itself, and paying fairly quickly, is no longer valid. (It never really was true for many grads, but society bought into it nonetheless.) And now these grads with few or no career skills and a mountain of debt are faced with a life of deprivation, little hope for family formation, little hope of home ownership, and constant struggle. It's a scandal, and still there's no real awareness of how big a mess student debt is. A sad, sad story.— April 18, 2018 7:33 p.m.
CalPERS buys boatload of Bridgepoint stock
Did they offer any answers to your questions? Anything like a justification for that strange stock purchase? Or did they just take your queries and promise to "get back to you?"— April 18, 2018 5:27 p.m.
Ailing Qualcomm to undergo big layoff
“Extremely poorly handled" describes so much of what has gone on at the "Q" in recent years. One wonders how many of the laid-off employees are H-1b foreign workers. I'd guess it is exactly none. Even after these staff reductions, we can anticipate Qualcomm continuing to complain/justify its need for ever-greater numbers of H-1b workers on a "shortage" of qualified US citizen applicants. What a pit of hypocritical execs and (former) Jacobs family members!— April 18, 2018 5:25 p.m.
Was Soon-Shiong outsmarted?
Subscriptions to the paper continue to decline, and newsrack/newsstands sales don't make up for that. (When was the last time you saw a newsstand other than in an airport?) Whether it is locally owned or not, its future as a print product is bleak, unless something comes along to make people want to pay for it delivered to their homes. I don't see that in the cards.— April 18, 2018 8:12 a.m.
CalPERS buys boatload of Bridgepoint stock
Yes, absolutely nuts. CALPERS was once a force for improved corporate governance, and acted to oblige a number of corporations to get their acts together. More recently the social driven agenda has had them making investment decisions on less-than-return bases. But this one takes the cake. That company appears, to me at least, to be in a death spiral. It has no redeeming value, cannot claim to be doing good for the downtrodden, and even the most liberal pundits don't like it. So where did CALPERS come up with this bizarre decision?— April 16, 2018 6:59 p.m.
Was Soon-Shiong outsmarted?
Based on Matt's report from late last week, I was mildly incredulous to see that huge splash on the front of yesterday's U-T. It seemed to be making the takeover official, and now we know it wasn't. If/when Soon actually buys the U-T, I'd not want to be in the shoes of the writer(s) and the editor of that piece. Oh, it was flattering for sure, to a point of embarrassment, sort of like the bio the paper did on Dougo when he owned it. His comment about the U-T not being "an L.A.-driven San Diego paper" is nonsense. It already is just that, and has been for just about as long as it has had common ownership with the LA Times. It just keeps getting crazier, doesn't it?— April 16, 2018 2:42 p.m.
Who can save San Diego's airport from drowning?
One more grandstand play by lovely Lorena. Doesn't she have better things to do than introduce yet another bill in the loopy legislature?— April 15, 2018 9:06 a.m.
D.A. Summer Stephan's incumbent protection plan
If her role in the misbegotten Crowe case prosecutions is paraded in front of the voters, I'd say she's toast. That piece of miscarriage of justice cost a tougher lawyer his DA seat after eight years. But, that was what, twelve years ago? Memories are short for sure, and younger voters have no recollection of that miserable piece of work. What I don't understand is how she ended up in this position, when there were (or should have been) more attractive candidates whom Bahnee could have anointed.— April 14, 2018 9:38 p.m.
Tronc turmoil threatens Union-Tribune sale
It's not surprising that Soon-Shiong is looking for a lowered price. How can those newspapers be worth a half billion dollars?— April 14, 2018 8:24 p.m.