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More SDG&E Z-Factor Back Story
The recent KUSI TURKO FILES report... http://www.kusi.com/video?clipId=5311553&autostar… The A0908019 CPUC archive of documents. Note the titles of the November 16, 2010 documents as "PROPOSED DECISION" by "ALJ/ BUSHEY/ CPUC" followed by the later "ALTERNATIVE" by "CMMR/ SIMON/ CPUC"... http://docs.cpuc.ca.gov/published/proceedings/A09…— November 29, 2010 10:15 a.m.
What's Wall Street Worth? Little, If Anything
I thought I was implying that ordinary reasonable people have the same right to read the Internal Revenue Code to our advantage just as corporations, limited liability constructs and other artificial personalities do to their advantage on a daily basis, year after year. On the corporate side of things, hasn't that always been the mantra? Do only those things that can't be taxed or if taxed, are taxed least of all! If it's a good idea for GM and what's left of American Industry in America, then it must be good for the rest of us...— November 28, 2010 12:17 p.m.
What's Wall Street Worth? Little, If Anything
One reason I like the underground economy is because I can barter for things that are not permitted to be sold in the first place. I can swap my un-inspected navel oranges for my neighbor's baked goods coming from her un-inspected kitchen. The equivalent cash value of the transaction? Zero dollars and cents, because neither of us are able to sell our goods at any price on the open market as prevented by government regulatory restrictions. I get satisfied, my neighbor gets satisfied, and the government is not out anything because the value of the goods exchanged is zero, where the sales tax on zero is zero. I and others like me will continue to use the underground economy in this way as long as our elected elite at City Hall, in Sacramento and inside the Beltway are busy ignoring us in favor of the favors of corporations, developers, and other artificial personalities. If honest people paying their taxes are OK with the way things are between the elected elite and their major campaign contributors raising fees and tax rates on the rest of us, then at least the honest taxpayers are getting what they paid taxes for.— November 28, 2010 10:18 a.m.
What's Wall Street Worth? Little, If Anything
At a certain point, Wall Street diminishes as a third-party dictator of economic direction as an increasing portion of our economy goes underground. This is a natural reaction by individuals who once were invested more heavily than they are now due to feelings that markets are stacked in favor of flash traders, whales, and other relative insiders. Having an underground enterprise on the side is becoming a safety play for individuals when even large financial institutions are leery of getting themselves overextended in current market conditions. If the bank is no help, then we retain the right to help ourselves.— November 25, 2010 12:36 p.m.
Even Later November San Diego Surprise from SAP
Also see "SAP System Issue Blamed for Delayed San Diego Audit": http://www.pcworld.com/businesscenter/article/211…— November 25, 2010 11:31 a.m.
Partnoy Quoted in Great Movie "Inside Job"
Living off the grid is an adult form of not stepping on cracks. I learned it from my bankruptcy intern days, and my FDIC/RTC internship days, going all the way back to my presidential escort battalion days when I was still 17. Everything that is modern civilization began as a control of wealth or power scheme by somebodies scheming a little or a long time ago; clever people have discovered that in a land of plenty, ownership is much less important that are access and utility - can I get hold of it and can I use it in ways that other people can't, so that they aren't competitive?— November 24, 2010 10:24 a.m.
Partnoy Quoted in Great Movie "Inside Job"
I paid in labor. I was an intern/clerk for Mr. Billingslea's Standing Trustee's office for Southern District of California Chapter 13 bankruptcies, a post that lasted a year and a half. It started right after that first semester of paralegal courses, when he asked me what I was up to for the next two weeks... it was where I was trained to give the smell test to interesting bankruptcy petitions subject to multiple interpretations. From the trustee's standpoint, bankruptcy practice is an endless series of petition evaluations, approvals, modifications, servicing and applications for discharge. Servicing about 5000 open bankruptcy plans meant that for any given day on a typical five-year plan, perhaps three dozen or more could be at any monthly benchmark and up for hearings at the same time. With less than 3 percent used (more like 1.5?) for trustee's admin, over 97 cents of every debtor's dollar was paid out to creditors, and I was involved in payable and receivable accounts auditing down to chasing down front and back photocopies of individual canceled checks. I understand that in the private charity industry, it is considered fairly efficient if one gets 50-60 cents on a donor's dollar to recipients. Seeing that many bankruptcies made me privately frugal, even though I owe a small fortune from public interest actions done WITHOUT a personal attorney of my own. I need to quit being such a boy scout.— November 24, 2010 10:02 a.m.
Partnoy Quoted in Great Movie "Inside Job"
The best free advice I ever received from somebody holding onto a California Bar card was this: "Simplify your life." From my perspective, anyone with bank accounts, credit cards, debit cards, or a broker of any kind is merely somebody else's tool, where "somebody else" is typically a corporation or some other artificial personality with no worries because it has an unlimited life span. Anyone who is convinced that life is not possible without those things is a bigger tool than he or she thinks, and the toolmakers want you just the way you are, which is being useful for their plans, not yours. Being a tool that way is amazingly easy for people who refuse to think, period. My life is so amazingly simple that I lower the carbon footprints of everyone around me. I don't own a car, and have refused to buy a new one since the 1970s oil embargo. I have no relationship with any bank, and that goes for plastic issued by any bank or some other entity that wants a cut of all of my transactions, like they get from a whole lot of people/ tools out there. Can there be a bigger scam than cellular telephone billing? I don't know... I'm just asking because there's no way in hell this former computer science major would ever pay money for a cell phone. Things won't get better in the real world out there until we decide that our super-plasticized-warp-speed lives are too damn complicated for us to afford. Any of us who has bothered to actually read our monthly bills will see that COMPLEXITY IS NECESSARY FOR THE SUCCESSFUL CON-GAMES PERPETRATED ON CONSUMERS BY ARTIFICIAL PERSONS, and that's why television advertising looks the way it does, always convincing us that we ought to have what we really don't need: more corporate hands touching our junk and claiming it for their own.— November 23, 2010 8:37 a.m.
Z-Factor Back Story: SDG&E, CPUC, and the Meaning of Words
Until I get a link up for the D0201039 PDF, here's a search of all I've got on "first priority condition"... http://www.google.com/search?q=first+priority+con…— November 22, 2010 8:48 a.m.
Z-Factor Back Story: SDG&E, CPUC, and the Meaning of Words
The link to the A0908019 CPUC files... http://docs.cpuc.ca.gov/proceedings/A0908019.htm ... and for the Fitch Ratings post... http://www.sandiegoreader.com/weblogs/encanto-gas…— November 20, 2010 9 p.m.