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Heath Ledger Dies
I'll snort to that!— January 23, 2008 11:03 a.m.
Federal Reserve Slices Interest Rates Three Quarters of One Percent, but Stock Futures Still Down
The Fed can drop interests rates to 0%. That won't lower the huge trade deficit, or create any domestic manufacturing investment, or reduce oil prices or the lock-step energy inflation or end the endless occupation of foreign countries.— January 22, 2008 10:03 a.m.
Insurer of Ballpark Bonds Downgraded; Could Bonds Be Affected?
Great for a laugh -- Sonics claim in court that they have no economic impact on Seattle. Simultaneously Oklahoma wants to give them $100M as a lure for their economic impact. http://seattletimes.nwsource.com/html/sonics/2004… (yet another sdblogger)— January 22, 2008 3:27 a.m.
Market Bloodbath Overseas; Dow Futures Down 451; Interest Rate Slash Possible Before Tomorrow's Market Opening
There's a consistent error in financial reporting. Prices rising is always treated as good news. Prices falling is always treated as bad news. Don, the purpose of the market is to "find" the "correct" price. So the fact that these overvalued assets are being corrected is neither good nor bad, just a movement to be observed. Some will win, and some will lose. Yet, in all the media, it's treated like a horse race instead of a market. "It's up! Yippee!" "It's down. We're all miserable." Nonsense. As someone who owns no stock at all, I'm glad to see prices drop to the level that I might consider buying. As to the drops in our currency, the same applies. There was longstanding unbalance, and now it is correcting itself. Exporters win, importers lose. That's not tragedy, just economics. It would have been far MORE appropriate if the talking heads were gloomy when we reached 14,000. They should have been tut tutting about over-valuation instead of cheering like teenagers. That's what gets so many of the smaller investors in trouble. Best, (yet another sdblogger)— January 21, 2008 8:57 p.m.
Union-Tribune Lays Off 27, Says 18 More Will Go
Over-emphasizing the newsroom masks the fact that it is the organization as a whole that is collapsing, not simply the reporting staff. And none of the trims UT brass are making will do anything to stop declining readership and ad revenue.— January 21, 2008 11:04 a.m.
Union-Tribune Lays Off 27, Says 18 More Will Go
Sure, news folks sometimes forget there are other people who work for the paper. But this shouldn't be surprising. At a typical newspaper, there's not a lot of communication between, say, the newsroom and advertising or the pressroom. For one thing, there can be quite a difference between the types of people who work these various jobs. At my old newspaper, we thought the advertising folks -- with their loads of makeup, perfect hair and fancy cars -- lived the high life. We sure didn't. And the pressroom guys tended to be grizzled veterans of their business, not rookies fresh out of college. The problem is that when it comes time to organize, this differentiation can spell trouble because people don't have the cross-department connections they need to build solidarity.— January 21, 2008 12:56 a.m.
Union-Tribune Lays Off 27, Says 18 More Will Go
Don, do you have a breakdown on the numbers? Like how many in the newsroom, office, H.R. maint. pressroom, electricians, building maint. mailroom, etc? A breakdown by department would be great. Thanks— January 20, 2008 8:43 p.m.
"Independent" Analyst Swayed National Expert To Soften Position on Appointed Auditor
Don, we all know the reason Bernanke wants inflation...it's the only way to pay off our debts. It won't matter if starter houses cost $400k when bread costs $20. Modern new age economists know that by inflating ourselves out of paying off our debts, we can all live happily ever after. Making our currency worthless is good business, and good for America! As a member of generation X, who has never once in his life for even a nanosecond believed that the government will in any way support me in my golden years, I've spent the last few years saving. But I'm seriously thinking about spending the next several months on full time politics...I'm getting pissed off. (yet another sdblogger)— January 20, 2008 12:28 p.m.
Francis Says Lobbyists Control City Hall, Blasts Special Interests
Another note on the new user interface: It used to be there was numbering. Now, when Don references #23, it makes no sense. There should be some way of uniquely identifying posts for rebuttal, reference, and updating. *** As to Steve Francis, I'm not ready to jump into bed with him yet. Murphy promised that he would ensure that the ballpark would not bankrupt the city. Then he made funding the ballpark one of his ten priorities (and one of the few he delivered to his political masters). Sanders similarly promised to end the delay, deceive, deny culture. Uh, yeah. Right. So Francis, a new convert to the cause of fighting corruption here, previously allying and ingratiating himself with the local oligarchs, looks suspicious to me. I agree with Flannery that a credible Democrat (please Donaa, please!) would walk away with this race. (yet another sdblogger)— January 20, 2008 12:20 p.m.
Mozilo Cancels USD Keynote Address
I like to think that the combined online voices of the community warned him off. He suddenly found scheduling conflicts. Right after he read what we all wrote. (yet another sdblogger)— January 20, 2008 12:13 p.m.