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San Diego Gas & Electric rates are nation's highest
While it referred to a different variety of "problem solvers", I think the "tie-wearing, come-to-do-good, stay-to-do-well college-types" quote from Season 4 of The Wire may as well have been written to describe Shames.— May 2, 2013 8:53 a.m.
Tell Your Story, and Tell It Well
"... a software company with a very informational dress code. Even though the company has an informational dress code — shorts and a “T” shirt ... " Also important - don't be too trusting of your spell checker!— October 19, 2012 6:59 p.m.
Traffic Cop Questioned in Encinitas
Yes, the city only gets about 2% back from the state from the traffic citation itself - that's why cities tag on a multitude of extra charges and fees.— August 1, 2012 7:52 p.m.
UCAN's Best Con
People think of Chicago as a crooked city rather than San Diego because the corruption here is so ... banal. There's no drama, just an oligopoly that keeps its dealings (and San Diego's funds) to itself. Growing up in the Chicago area I was used to reading about judges being convicted for fixing murder trials, bombs as part of the city election process, cars being legally stolen by the Lincoln Park Pirates ... as well as the high level and relatively genteel abuse of contracting we see in San Diego. If San Diego is truly America's finest city, it really shouldn't settle for third rate corruption probes like Operation G-Sting. Can we get a Greylord or a Silver Shovel, please?— April 14, 2012 4:18 p.m.
Bugged by U-T Litterbugs
Next up: windshield fliers. Is littering on someone's car still legally considered littering?— February 22, 2012 1:25 p.m.
FICO to Help Banks Target Strategic Defaulters
"One of its suggestions to lenders trying to convince borrowers to continue paying on loans absent any equity incentive..." Perhaps it would behoove "potential strategic defaulters" to form groups (one for each major loan servicer) to negotiate for those equity incentives. The threat of strategic default en masse would make for a good stick/BATNA.— October 13, 2011 12:18 p.m.
San Diego unions push transaction tax
You can set up a high frequency trading operation any place in the world - but your competitors who set up shop near the exchange's computers so they can use the same node will have a lower latency (faster) connection to the exchange, and will be a few milliseconds ahead of you. Would liquidity be harmed so much if electronic exchanges were set up to clear tranactions all at once in one batch every, say, 10 seconds? The exchange could store bids for most of that time, match bid/ ask to create trades with the smallest spreads, then execute in the 10th second. To deal with ties between brokers that have each sent in thousands of bids over the course of a few seconds: give the first bid a broker sends the highest priority, the second bid that broker sends a lower priority, the third bid a lower priority still, etc. Higher priority bids get cleared before lower priority bids. If there are still ties, choose a winner at random instead of first come, first served. Or simpler still: collect bids/asks for one second, randomize their order, and then execute all the winning trades simultaneously. Repeat every second. Of course Goldman Sachs or some other high frequency trader would still say no, so neither plan could be enacted.— September 21, 2011 11:36 p.m.
Nucor's Death by China, co-authored by Peter Navarro
Sigh. "Come to good, stay to do well ..."— August 24, 2011 10:46 p.m.
Scripps Florida gets over $1 million per subsidized job
Don, I remember your coverage of the TSRI Florida deal back when it was first in the works. Back then you pointed out: "Florida and Palm Beach County have anted up the $569 million on Scripps' guarantee that its new Florida research center will hire 545 people in seven years. That's about one million dollars per job. Astounding. But, says Governor Jeb Bush, biotech companies springing up and relocating to the area will create 50,000 industry jobs in 15 years." "In October, when Bush pitched the legislature for a fat Scripps subsidy, the governor's office sent out a news release saying that the projection of future jobs was based on the fact that 80 percent of San Diego biotechs "are within a three-mile radius of the Scripps facility in La Jolla." The news release didn't mention that the University of California at San Diego, Salk Institute, Burnham Institute, and other science centers are located in the same area. In fact, only 40 San Diego biotechs supposedly owe their existence to Scripps, and it isn't clear how many are still in operation." "According to the Ft. Lauderdale Sun-Sentinel, the Bush team's economic model foresees 173 new biotech companies arising or arriving in the 14th year. But in Massachusetts, one of three top biotech areas, only 5 to 20 companies are added each year. Hmmm." Are there any estimates so far on how many jobs have been created outside of the research campuses but are still due to those campuses? Are there any estimates on the cost per subsidized Padres ballpark job? Even better, cost per living-wage ballpark job?— May 28, 2011 2:08 p.m.