[phaster]

[quote=gogogosandiego]This is timely.

“Meanwhile, a few things did correlate with support for Trump: a voter’s desire for their group to be dominant, as well as how much they disagreed with Clinton’s views on trade and China. Trump supporters were also more likely than Clinton voters to feel that “the American way of life is threatened,” and that high-status groups, like men, Christians, and whites, are discriminated against.”

https://www.theatlantic.com/science/archive/2018/04/existential-anxiety-not-poverty-motivates-trump-support/558674/
[/quote]

anxiety all around,… is the new normal

[phaster]

[quote=CA renter]
April 23, 2018 – 2:16am.

It’s obvious that you have no clue what you’re talking about. You read some newspaper articles (placed there by anti-union privatization advocates — not “taxpayer advocates,” as they like to claim) regarding the pension issues and think you’re a genius. You’re clearly not that smart, and you totally lack an understanding of how government budgets work — especially how the various stakeholders’ interests intersect.
[/quote]

huh,… another “delusional” statement!

de·lu·sion·al – characterized by or holding idiosyncratic beliefs or impressions that are contradicted by reality or rational argument, typically as a symptom of mental disorder.

FWIW there is something you posted awhile back that I agree w/ 100%

[quote=CA renter]
January 10, 2016 – 3:21am

There are far too many people walking around who think that they know what they’re talking about when they really have no clue.
[/quote]

Taken together w/

[quote=harvey]
April 22, 2018 – 5:21pm.

[quote=ucodegen]
April 22, 2018 – 5:00pm.

All I can say, is that I am not a psychiatrist.
[/quote]

That’s unfortunate, because CAR really needs one.

https://piggington.com/ot_should_pridkharveygogogosandiego_be_banned#comment-280780
[/quote]

perhaps w/ in the “data” there is a pattern that explains your overall “odd” behavior (that is not based on political left or right leaning outlook)

basically if one looks at the time stamps of your posts on just this thread alone we see:

Submitted by CA renter on April 16, 2018 – 3:00am.

Submitted by CA renter on April 19, 2018 – 4:59am.

Submitted by CA renter on April 20, 2018 – 2:54am.

Submitted by CA renter on April 21, 2018 – 3:50am.

Submitted by CA renter on April 21, 2018 – 3:46am.

Submitted by CA renter on April 23, 2018 – 2:16am.

Submitted by CA renter on April 23, 2018 – 2:14am.

DISCLOSURE: I’m not an MD but do have family that are MDs that are kinda researching something (we’ve casually discussed over dinner, etc.) I suspect might be a factor,…

[quote]
The Spooky Effects of Sleep Deprivation

It’s no surprise that a night without enough Zzzs can lead to a groggy morning. But bleary eyes and gaping yawns aren’t the only things that can happen when your body needs more shut-eye.

Indeed, there are more nightmarish side effects to sleep deprivation.

If a person is deprived of sleep, it can lead to “tremendous emotional problems,” said Dr. Steven Feinsilver, the director of the Center for Sleep Medicine at Icahn School of Medicine at Mount Sinai in New York City. “Sleep deprivation has been used as a form of torture,”

…research over the years has shown that people can be physically and psychologically damaged from not getting enough sleep, said David Dinges, a professor of psychology and the director of the Unit for Experimental Psychiatry at the University of Pennsylvania.

…People often say they feel loopy after a night of no sleep. But in more extreme cases, losing sleep may cause delirium.

…Seeing things that aren’t there can be a side effect of chronic sleep deprivation,

https://www.livescience.com/52592-spooky-effects-sleep-deprivation.html
[/quote]

https://www.hopkinsmedicine.org/sebin/r/z/effects-of-sleep-deprivation.png

NOTE looking at quotes from years ago the abnormal “time” pattern also shows up,…

[quote=phaster]
April 22, 2018 – 9:11am

as I see things,… your basically a dumb$hit hypocrite that is in denial that you had a hand putting all of us (i.e. harvey, flu, your own family, etc.) in the position of increased danger,… AND the reason I say this is because on one hand you specifically mention economics should trump politics

[quote=CA renter]

September 4, 2014 – 6:04pm **ANOMALY**

I don’t get distracted by non-economic issues where politics are concerned. That’s not to say that these issues are unimportant, but that they pale in comparison to economics.
[/quote]

and on the other had you’ve clearly demonstrated you have little or no ability to grasp basic middle school math (which is needed to lessen the probability of failure),… ALSO there are various indications that you don’t grasp the amount of B$ w/ in the ratings system for muni bonds,…

[quote=phaster]
October 22, 2016 – 8:30am

[quote=CA renter]
October 9, 2016 – 1:07am

BTW, you’re not educating or informing anyone of anything. The pension issue was beaten to death LONG before you ever came into the picture.
[/quote]

really???

https://piggington.com/how_will_unfunded_pensions_affect_economy?page=5#comment-262974

https://piggington.com/how_will_unfunded_pensions_affect_economy?page=6#comment-264989
[/quote]

[/quote]

[phaster]

[quote=flu]Seeing Harvey, Brian, Phaster, CAR getting it on…..all we are missing is spdrun and BG.

[/quote]

uh,… aren’t you forgetting listing your own nom de plume as one of the usual suspects in the peanut gallery???

[quote=flu]

April 7, 2018 – 7:58pm

[quote=harvey]

[/quote]

and considering I am half drunk with buddies writing this I don’t give a shit what you think lol…

seems like my reading comprehension while half Drunk is still better than your reading comprehension fully sober lol.

https://piggington.com/100k_minimum_wage#comment-280666

[/quote]

[quote=flu]

April 6, 2018 – 8:49pm

Oh pri-dik, or whateever your orginal handle is…Sorry man, Since BG left, someone has to fill in her show to annoy the fuck out of you with long paragraphs of useless shit with 0.000001% truth buried in it…on a real estate blog… I’ll make it a point to do this every friday, after happy hour 🙂

[/quote]

[quote= scaredyclassic]

April 7, 2018 – 8:33am

WWJD

[/quote]

PS FWIW WRT WWJD? IMHO,…

[phaster]

[quote=CA renter][quote=phaster][quote=FlyerInHi][quote=CA renter]For the record, California’s high income tax rate, high fees, etc. are the result of Prop 13. The state lost billions in revenues when Prop 13 passed, so they had to make it up elsewhere.

And since you’re so concerned about taxpayers and the health of state/county/city finances, have you paid back your unearned tax subsidies, yet?[/quote]

You just obviated any argument to repeal prop 13. If the lost billions have been made up, a repeal of prop 13 would amount to a huge tax increase. No way Jose.[/quote]

sigh,… let’s all take another walk down memory lane

[quote=CA renter]
September 4, 2014 – 6:04pm

I don’t get distracted by non-economic issues where politics are concerned. That’s not to say that these issues are unimportant, but that they pale in comparison to economics.
[/quote]

[quote=CA renter]
October 1, 2014 – 9:23pm

Yes, I’ve been following the pension issue for many, many years (far, far, far longer than you have), and I have also worked with negotiating committees and have done research for public employee unions.

https://piggington.com/how_will_unfunded_pensions_affect_economy?page=3#comment-247382
[/quote]

[quote]
October 22, 2016 – 8:30am
[quote=CA renter]
October 9, 2016 – 1:07am

BTW, you’re not educating or informing anyone of anything. The pension issue was beaten to death LONG before you ever came into the picture.
[/quote]

really???

https://piggington.com/how_will_unfunded_pensions_affect_economy?page=5#comment-262974

https://piggington.com/how_will_unfunded_pensions_affect_economy?page=6#comment-264989
[/quote]

for the record, have to say the inability to recognize basic middle school math concepts and their importance as it relates to managing money, sadly isn’t an isolated case,… seems there is a pandemic of being morally and intellectually bankrupt (i.e. dishonest and dumb) WRT basic finance,… perhaps the root cause is some kind of political self interest???

having said my piece, now let’s go back and review (yet again) the basic math concepts which are key to understanding the local pension portfolio “mismanagement”

for three decades plus, the local public pension portfolio custodians (i.e. politicians) have allowed giving away a 13th pension payment (off balance sheet),… basically this is akin to a 13th mortgage payment on a property (which shortens the pay off period and decreases the over-all interest paid), BUT in this case things work in reverse,… in other words the pension debt obligation will increase over time

http://www.TinyURL.com/SanDiegoSpikingPension

compounding this basic middle school math “error” is public employ leadership (i.e. public pension recipients) who see no problem w/ not requiring fully funding the portfolio,… this action basically is akin to only paying a “minimum credit card payment” but its important to note that things here are happening on a SUPER SIZED scale!!!

http://www.TinyURL.com/PensionRebuttal

AND let’s not forget we are where we are because those responsible for causing this money management mess are basically morally and intellectually challenged (i.e. dishonest and dumb)

bottom line,… given the “California rule” which implies the tax payers are the designated financial backstop for this whole mess,… means eventually there are some serious consequences for local residents AND if the problem(s) is widespread perhaps it might have serious consequences for civilization as a whole,…

http://www.TinyURL.com/DifferentDay

PS one last general observation,… the background knowledge needed to model something as complex/chaotic as climate change or the economy, requires deep knowledge of various fields of study along w/ a basic understanding of how things interact,… what I find ironic is more often than not is politicians and various activists who claim leadership roles,… have in fact the least background knowledge that is required to understand the big picture

http://www.npr.org/sections/money/2018/04/13/602269482/congress-does-not-compute

http://www.washingtonpost.com/news/the-fix/wp/2013/01/17/an-awesome-diagram-of-the-113th-congress/

[/quote]

You didn’t address any of the issues listed in my post, including the fact that the government (federal, state, and local) backs many different interest groups, not just their employees. Why aren’t you concerned about these groups? What about that juicy taxpayer subsidy, worth thousands of dollars, that you personally receive every year? Why no mention of that?

FWIW, I also disagree with the “13th check,” but this is not what’s causing the problems with the pension systems. San Diego has its own pension fund, so you shouldn’t extend this argument to other systems that do not have this additional payment option. For the record, I strongly oppose pension spiking, and have always done so.

[/quote]

ah, some progress,… you’ve finally acknowledged the local three plus decade SOP of a 13th pension payment,…

now as to why I made no mention of the people who will be adversely affected, it isn’t because I lack any concern for people,… rather doing a realistic analysis of how a public pension portfolio is managed ONLY involves looking at the math

as I see things,… your basically a dumb$hit hypocrite that is in denial that you had a hand putting all of us (i.e. harvey, flu, your own family, etc.) in the position of increased danger,… AND the reason I say this is because on one hand you specifically mention economics should trump politics

[quote=CA renter]
September 4, 2014 – 6:04pm

I don’t get distracted by non-economic issues where politics are concerned. That’s not to say that these issues are unimportant, but that they pale in comparison to economics.
[/quote]

and on the other had you’ve clearly demonstrated you have little or no ability to grasp basic middle school math (which is needed to lessen the probability of failure),… ALSO there are various indications that you don’t grasp the amount of B$ w/ in the ratings system for muni bonds,…

[quote=phaster]
October 22, 2016 – 8:30am

[quote=CA renter]
October 9, 2016 – 1:07am

BTW, you’re not educating or informing anyone of anything. The pension issue was beaten to death LONG before you ever came into the picture.
[/quote]

really???

https://piggington.com/how_will_unfunded_pensions_affect_economy?page=5#comment-262974

https://piggington.com/how_will_unfunded_pensions_affect_economy?page=6#comment-264989
[/quote]

to give you some insight as to how frame the issue, you’ll need to be made aware of a topic in math called “one way functions”

essential a one way function is a calculation that is easy in one direction BUT the opposite is not the case (FYI the practical application of this math is encryption),… anyway as I see things the responsible thing to do is always check the math first, then make life style decisions that take into account environmental and social factors,… perhaps you have hear the term triple-bottomline

https://en.wikipedia.org/wiki/Triple_bottom_line

by looking the math first then taking into account the environmental and social aspects, this greatly improves the odd of the system being sustainable

the irresponsible way to do things is, ignore the math from the beginning (as is the case w/ the way public pensions are structured and operated),… the result in this case is, a much much much greater likely hood of failure!

or another way of thinking about the issue is the difficulty of trying to go backwards on a one way math function

to illustrate the issue in terms you might relate to is,… lets suppose the resident hacker and resident investment genius (i.e. “harvey” and “flu”) decide to collaborate and start an investment club

lets also suppose these two piggs use the same investment strategy as the local pension fund,… where they keep things off balance sheet, don’t take into account inflows or market-returns AND basically just concern themselves on collecting pay offs for themselves and their kin,…

bottom line when OUTFLOW(s) > INFLOW(s) + MARKET RETURN, eventually the scheme goes bust!

in this hypothetical scenario, next lets say we are at a point in time where “harvey” and “flu” are having trouble keeping their ponzi like math scheme going,… so they come up w/ a plan try and get you and your family to pick up the tab for their idiotic investment plan that had no basis reality from the onset, then ignored any sense of basic financial responsibility for three decades,…

would you and your kids bail out these two idiots AND put your own future at risk,… pretty sure you would say hell no

well the prop 13 split roll proposal, as envisioned by various progressive groups,… basically is akin to you being asked to bail out out harvey and flu after they mismanaged a portfolio for 30+ years

there is an old joke about a stock broker that jumps out a window on the 40th floor,… on the way down for 39 floors I can be 100% certain that its not the fall that is going to kill him,… its that sudden stop at the end that is hard to survive

like it or not eventually you and you kids will have to contend w/ consequences of corrupt and mismanaged finances on the whole system,… all because DISHONEST and DUMB individuals ignored the existence of basic math from the onset and set things in motion

http://www.TinyURL.com/DifferentDay

[phaster]

FWIW an alternative to the commercial earth day celebration in balboa park is

https://www.stlukesnorthpark.org/garden

where there is a sustainable urban farm run by City Heights high school students. A commercial kitchen training refugee women. And a flexible outdoor cafe and cultural arts space that brings the food they grow and prepare for you to enjoy!

or learn about composting (in south east SD)

https://www.facebook.com/food2soil/

I checked out both the places (listed above) this past week AND got my hands “dirty”

weird fact,… found this past week from someone who has a urban farm in national city, that its against the law to compost (in national city city), but was told in SD that composting is kosher

http://www.dickinson.farm

ah, one last idea for earth day is wild willow farm in IB

http://www.sandiegoroots.org/index.php

anyway on “official earth day” (since I’m pretty “green” minded a majority of the time) the plan is movies at the LOT where I can order fish tacos and a beer,…

[phaster]

[quote=FlyerInHi][quote=CA renter]For the record, California’s high income tax rate, high fees, etc. are the result of Prop 13. The state lost billions in revenues when Prop 13 passed, so they had to make it up elsewhere.

And since you’re so concerned about taxpayers and the health of state/county/city finances, have you paid back your unearned tax subsidies, yet?[/quote]

You just obviated any argument to repeal prop 13. If the lost billions have been made up, a repeal of prop 13 would amount to a huge tax increase. No way Jose.[/quote]

sigh,… let’s all take another walk down memory lane

[quote=CA renter]
September 4, 2014 – 6:04pm

I don’t get distracted by non-economic issues where politics are concerned. That’s not to say that these issues are unimportant, but that they pale in comparison to economics.
[/quote]

[quote=CA renter]
October 1, 2014 – 9:23pm

Yes, I’ve been following the pension issue for many, many years (far, far, far longer than you have), and I have also worked with negotiating committees and have done research for public employee unions.

https://piggington.com/how_will_unfunded_pensions_affect_economy?page=3#comment-247382
[/quote]

[quote=CA phaster]
October 22, 2016 – 8:30am

[quote=CA renter]
October 9, 2016 – 1:07am

BTW, you’re not educating or informing anyone of anything. The pension issue was beaten to death LONG before you ever came into the picture.
[/quote]

really???

https://piggington.com/how_will_unfunded_pensions_affect_economy?page=5#comment-262974

https://piggington.com/how_will_unfunded_pensions_affect_economy?page=6#comment-264989
[/quote]

for the record, have to say the inability to recognize basic middle school math concepts and their importance as it relates to managing money, sadly isn’t an isolated case,… seems there is a pandemic of being morally and intellectually bankrupt (i.e. dishonest and dumb) WRT basic finance,… perhaps the root cause is some kind of political self interest???

having said my piece, now let’s go back and review (yet again) the basic math concepts which are key to understanding the local pension portfolio “mismanagement”

for three decades plus, the local public pension portfolio custodians (i.e. politicians) have allowed giving away a 13th pension payment (off balance sheet),… basically this is akin to a 13th mortgage payment on a property (which shortens the pay off period and decreases the over-all interest paid), BUT in this case things work in reverse,… in other words the pension debt obligation will increase over time

http://www.TinyURL.com/SanDiegoSpikingPension

compounding this basic middle school math “error” is public employ leadership (i.e. public pension recipients) who see no problem w/ not requiring fully funding the portfolio,… this action basically is akin to only paying a “minimum credit card payment” but its important to note that things here are happening on a SUPER SIZED scale!!!

http://www.TinyURL.com/PensionRebuttal

AND let’s not forget we are where we are because those responsible for causing this money management mess are basically morally and intellectually challenged (i.e. dishonest and dumb)

bottom line,… given the “California rule” which implies the tax payers are the designated financial backstop for this whole mess,… means eventually there are some serious consequences for local residents AND if the problem(s) is widespread perhaps it might have serious consequences for civilization as a whole,…

http://www.TinyURL.com/DifferentDay

PS one last general observation,… the background knowledge needed to model something as complex/chaotic as climate change or the economy, requires deep knowledge of various fields of study along w/ a basic understanding of how things interact,… what I find ironic is more often than not is politicians and various activists who claim leadership roles,… have in fact the least background knowledge that is required to understand the big picture

http://www.npr.org/sections/money/2018/04/13/602269482/congress-does-not-compute

http://www.washingtonpost.com/news/the-fix/wp/2013/01/17/an-awesome-diagram-of-the-113th-congress/

[phaster]

[quote=spdrun]PR and CA are not really comparable. For one thing, different age demographics — PR is heavily weighted towards retirees whereas CA is not.[/quote]

[quote=SK in CV]
Debt per capita is pretty much in the middle of the pack for all states. Unfunded liabilities are probably getting better, the recent change in assumptions notwithstanding. Participants are kicking in substantially more. There is light at the end of the tunnel. It’s just a really long tunnel.
[/quote]

perhaps ya all might want to factor in,…

[quote]
Students rejected from a UC or CSU are leaving California in droves — and may never come back

…The decision to leave the state for college is one a growing number of California families are making. Since 2002, Arizona State University has seen an increase of more than 200 percent in California student enrollment. At Oregon State University, California freshmen made up 3 percent of the incoming class in 2002. By 2017, California freshmen made up nearly 14 percent of Oregon State’s new students.

https://www.scpr.org/news/2018/03/23/81845/thousands-of-qualified-college-hopefuls-will-be-re/
[/quote]

so this news report indicates a trend that to some degree there is a youth brain drain,… which (most likely) is going to have negative “economic” effects in the future

BTW since its the eve of tax day,… one other thing to keep in mind is,… under Trump’s new plan, taxpayers who itemize will be able to deduct their state individual income, sales and property taxes up to a limit of $10,000 in total starting in 2018. Currently the deduction is unlimited!!!

so given yet another (future) limitation,… here its important for taxpayers (in California) to be aware of yet another potential economic head wind (i.e. yet another shovel full of “self-interested political bull-$hit”)

[quote]
That ‘split roll’ you heard about? Less a Prop. 13 fix than a pension bailout

Proposition 13, the landmark 1978 ballot measure credited with touching off a national anti-tax revolution, has never stopped being controversial. Critics say its cap on annual property tax increases and its two-thirds voting requirement for government bodies to impose new or higher taxes has hamstrung California and been a public policy disaster. That argument, of course, is undercut by the fact that — despite these obstacles — state residents still have among the nation’s highest overall tax burdens.

http://www.sandiegouniontribune.com/opinion/editorials/sd-split-roll-proposition-13-story.html
[/quote]

the preverbal straw that is going to break the camel’s back is,… the “California rule” which implies the tax payers are the designated financial backstop for various corrupt/mismanaged pension portfolio(s),… said another way,… taxpayers are between a rock and a hard place WRT various debt obligations

NOTE local politicians and partisan supports of status quo public pension payouts, are silent on the root cause of the problem(s) (e.g. a 13th pension payment, not fully funding the pension in the first place, etc.) because they don’t want to acknowledge the problem they themselves created

as I see things, its important to understand the various mechanisms that caused the problem in the first place, so that they can be addressed,… sadly it seems politicians seem to think that by avoiding the subject that somehow finances will somehow fix themselves,… IT WON’T

http://www.TinyURL.com/DifferentDay

if financial mismanagement which is the root cause of the problem is not addressed, IMHO we are going to see symptoms like homelessness AND prices of various “real estate” continue on an upward trend because those that can afford to live w/ an increased government burden will thrive (up to a point),… while those that cannot afford to live w/ an increased government burden will be crushed!

http://www.TinyURL.com/SanDiegoProp13

[phaster]

looked into rain barrels myself, BUT due to the spanish revival architecture of my own home (w/ an old school clay tile roof), could not think of a way to install gutters to redirect rain fall into rain barrels

anyone else have a 1920s era spanish revival “tile roof” AND figure out a way to install a rain fall collection system?

anyway since I don’t have rain barrels I’m doing the next best thing,… basically I’ve observed where the rain fall “ground flows” so built small landscape features to allow water to soak into the ground AND threw native wild flower seeds (like california poppy) in those areas,… the goal being to provide habitat for native pollinators

[phaster]

[quote=harvey][quote=SK in CV]California has a pretty significant surplus.[/quote]

…as well as significant debt/unfunded liabilities.[/quote]

yup,

for a preview of news headlines of what is 99.9% certain in the future for San Diego, California, etc., all ya have to do is read a news clipping in todays paper,… of another part of the world where leadership is DISHONEST and DUMB about finance

[quote]

[“FILL IN THE NAME,…”] files fiscal plan without layoffs, pension cuts

…Puerto Rico ‘s government submitted a required fiscal plan on Thursday that excludes pension cuts and layoffs sought by a federal oversight board as legislators in the U.S. territory angered by its demands debate a bill that would withhold payments for board member salaries, among other things.

http://www.sandiegouniontribune.com/business/sns-bc-cb–puerto-rico-economic-crisis-20180405-story.html

[/quote]

(aside from the named location) only difference being, the problem(s) in the future are going to be magnitudes worst because of compounding factors

http://www.TinyURL.com/DifferentDay

[phaster]

[quote=spdrun]Too much funding for our military [industrial complex] and its adventures abroad, not enough money going back to states. Cut certain parts of the military — parts of it have become a parasitic organization.[/quote]

http://www.youtube.com/watch?v=OyBNmecVtdU

interesting watching news reports of political leadership back in the day, who seems “civil” and knowledgable, VS “present day” (where there are unresolved issues in many different areas: economic, environmental, geo-political, civil, etc.)

[phaster]

[quote=carlsbadworker]

A surgeon, an engineer, and a lawyer/politician were arguing about which profession was the oldest, and the doctor said, “Well, on the fifth day of Creation, God took a rib from Adam, so surgery is the oldest profession.” The engineer said, “But, before that, God created the heavens and earth from chaos, so engineering is the oldest profession.” And the lawyer/politician said, “Yes, but who created the chaos?”[/quote]

like!!! but IMHO needed a slight change to reflect what happens in the real world (when those that in charge of making the rules basically ignore the existence of “math”)

http://www.sandiegouniontribune.com/news/politics/sd-me-pension-payment-20180309-story.html

[phaster]

[quote]
Will the fall of Jacobs starve Faulconer?
End of era as top Qualcomm political fixer steps aside

The finale may finally be coming into view for cell phone chip making giant Qualcomm, currently the target of a hostile takeover campaign. Echoes of the company’s outsized influence on San Diego politics are likely to resonate for years.

Officials of both parties have stuffed their portfolios with Qualcomm stock, at least some allegedly purchased based on insider tips, keeping their hands out for political gifts and gratuities that the company has donated.

News that Paul Jacobs, a son of Qualcomm co-founder Irwin Jacobs, is stepping down as chairman of the board won’t necessarily spell the end of his family’s power plays here, although tapping the company treasury could be a thing of the past.

It’s been five years since New York State Comptroller Thomas P. DiNapoli, acting on behalf of the state employee pension fund, sued Qualcomm, demanding “to inspect the company’s books and records to determine how shareholder funds are being spent for political purposes.”

The suit charged that the younger Jacobs, then chairman and chief executive of Qualcomm, was less than transparent about how shareholders’ political money was deployed.

“Senior figures associated with Qualcomm, including the Company’s current CEO as well as his father, the Company’s founder and a Qualcomm director until 2012 are widely reported to be politically active and in recent years have donated more than $2 million of their personal funds in furtherance of political purposes,” the allegation said.

DiNapoli dropped the case in February 2013 after Jacobs agreed to post semi-annual disclosures of Qualcomm’s payments to influence on its website.

“While Qualcomm has been developing a new policy on disclosure of political expenditures for some time, engaging with the Common Retirement Fund has been helpful,” the younger Jacobs said in a statement.

The list of San Diego politically-related causes benefiting handsomely from Jacobs-steered Qualcomm largesse has run the gamut from San Diego State’s public broadcasting operation KPBS and the non-profit Voice of San Diego website to Nathan Fletcher.

The onetime Republican Assemblyman left the party during a self-styled independent race for mayor, and turned Democrat, the party of the Jacobs family, before another failed try for the same office in the fall of 2013.

During that campaign, the GOP Lincoln Club attacked Fletcher for accepting what the Republicans alleged to be a do-nothing job at Qualcomm, drawing a sharp denial from Paul Jacobs.

“I was outraged to learn that the Lincoln Club of San Diego – a supposedly pro-business political group – would fund a political hit piece that unfairly and incorrectly attacks one of San Diego’s largest employers,” said the then-CEO in an October 2013 statement on company letterhead.

“The allegations about Nathan’s job are completely untrue, from the erroneous salary figure to the outrageous allegation that his is a ‘no-show’ job,” asserted Jacobs.

“While we do not disclose salary information, we have previously indicated that the figure reported is grossly exaggerated. Nathan’s salary is commensurate with other employees at his level. We do not hire “no show” employees. Our employees have always been the hardest working in the industry and our success reflects that culture.”

After Fletcher’s defeat, father and son Jacobs, as well as a bevy of Qualcomm employees, embraced Republican mayor Kevin Faulconer, who paid back a series of suspiciously-timed political contributions by reviving Irwin’s controversial Balboa Park traffic and parking makeover plan.

During the weeks following arrangement of a secret meeting between the GOP mayor and Irwin Jacobs in March 2016 regarding the Balboa Park project, campaign filings later revealed, $6150 materialized in Faulconer’s campaign fund from no less than ten high-ranking Qualcomm executives, including Paul Jacobs, who kicked in $1000.

http://www.sandiegoreader.com/news/2018/mar/09/ticker-will-fall-jacobs-starve-faulconer/
[/quote]

so any thought(s) what is to become of the SD region w/out a major “global” corporation that has its headquarters here?

[quote]
Top 25 companies by revenue (2010)

Qualcomm $10.57 billion.
Sempra Energy $8.11 billion.
CareFusion $4.11 billion.
Life Technologies $3.28 billion.
Leap Wireless $2.38 billion.
Jack In The Box $2.38 billion.
PriceSmart $1.26 billion.
Cubic $1.02 billion.

http://www.sandiegouniontribune.com/sdut-fortune-500-firms-county-dont-mix-2010mar21-htmlstory.html

https://en.wikipedia.org/wiki/List_of_companies_headquartered_in_San_Diego
[/quote]

[phaster]

[quote=spdrun]S&P, DOW, and R2K are still below record highs, only NASDAQ broke records today. Let’s see what the song will be after the Fed hikes again next week. Rooting for 10y to break 3%, and maybe 4% by the end of the year. 5-6% 30 year rates will be nice if they push people with ARM HELOCs over the edge.[/quote]

huh,… if the fed pushes up interest rates, that implies the cost(s) to service the existing debt goes up

[quote]
The Cost of Rising Interest Rates

…Last year, the federal government spent $241 billion on net to service roughly $14 trillion of debt – meaning it paid an average interest rate of less than 2 percent.

Dec 14, 2016

http://www.crfb.org/papers/cost-rising-interest-rates
[/quote]

what’s the national debt now?

[quote]
$20+ Trillion

https://www.usgovernmentdebt.us
[/quote]

if you’re rooting for higher interest rates in the 5-6% range, just to push people with ARM HELOCs over the edge,… perhaps ya might not have fully considered various knock on effects at the BIG level

[quote]
The United States enjoyed the benefits of being able to spend money freely, such as acquiring commodities and consumer products from abroad. In addition, the U.S. foreign-policy goal of containing Communism in the face of the Cold War and decolonization kept the dollars flowing.

http://www.imf.org/external/np/exr/center/mm/eng/mm_sc_03.htm
[/quote]

things w/ the US dollar being the global reserve currency seem somewhat comfortable for now (at least for those who have RE and play the stock market)

[quote]
30th Annual ROTH Conference scheduled for March 11-14, 2018 at The Ritz Carlton, Laguna Niguel in Orange County, CA. Following the success of the previous year’s events, the ROTH Conference, with close to 550 participating companies and over 4,700 attendees, will feature presentations from public and private companies in a variety of sectors

http://www.roth.com/main/page.aspx?PageID=7290
[/quote]

…otherwise most others (not invited) might not feel so lucky,… or kinda like they are between a rock and the proverbial a hard place???

its going to be interesting to see what the future brings

just sayin,… hope sheeple don’t wise up and lose confidence in the system too soon because this allows some time to put various hedges in place (which hopefully allows one to be somewhat insulated from hardships later on when TSHTF)

[phaster]

[quote=njtosd][quote=phaster][quote=njtosd]It helps to remind yourself that the world, in many ways, is improving …

https://www.google.com/amp/s/www.wsj.com/amp/articles/the-enlightenment-is-working-1518191343
[/quote]

DISCLAIMER:

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly on prof piggington forums, will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio.

…just sayin'[/quote]

“The nice part about being a pessimist is that you are constantly being either proven right or pleasantly surprised.” Unknown – but it sounds like Mark Twain[/quote]

yup its true,… if you set your “goals” low enough it is possible to exceed them

since you mentioned “being a pessimist” FWIW IMHO that “mindset” is self-defeating,… BUT having a sense of situation awareness along w/ a sense of humor unto itself does not guarantee success; however, it does improve the odds of “success”

not too long ago a friend from my “flying circus” days (basically a guy who flew for the USAF and now make a living being a 777 driver) sent me an article that seems applicable to the topic of mental outlook and outcome,…

[quote]
Why Fighter Pilots know that Quick Reactions are for Losers

…I know to ‘respond’ and not to ‘react’.

Years of instructing in flying training and exposure to situations that require critical thinking in demanding environments, have taught me that to ‘react’, is to die.

I’ve seen it countless times in young, inexperienced aviators and normally it’s because they haven’t had a plan for the event they’ve encountered…

https://www.linkedin.com/pulse/why-fighter-pilots-know-quick-reactions-losers-tim-davies/
[/quote]

anyway, since I kinda make a part of my living playing the markets,… though the “disclaimer” was applicable and humorous

[phaster]

[quote=FlyerInHi]Where is the money going to come from for the wall and guards?[/quote]

according to POTUS mexico is going to pay for it!

http://www.cnbc.com/2018/01/11/trump-claims-mexico-will-pay-for-his-border-wall-through-nafta.html

[Author]

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