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Scam Diego: Vallejo to Emerge from Bankruptcy -- Bruised

According to a story in the May 4 Wall Street Journal, the city of Vallejo, which entered bankruptcy in 2008, should emerge by July. The city of 120,000 is 30 miles northeast of San Francisco. In the years leading up to the bankruptcy, the city's expenses grew by 11% annually ...

Scam Diego: Grim Housing News. San Diego No Exception. Double Dip?

Home values around the nation suffered their biggest drop since recessionary 2008 in this year's first quarter, according to Zillow in a report released today (May 9). First quarter 2011 home values nationally fell 3% from the fourth quarter and 8.2% from a year earlier. San Diego values fell 2.1% ...

Scam Diego: U.S. Jobs Rise Sharply but Unemployment Rate Up

Employment statistics announced by the federal government today (May 6) are a mixed bag, but they are initially pleasing Wall Street, as stock prices soar in early trading. However, it is not clear that the numbers will please Main Street. The nation added 244,000 jobs in April; economists had expected ...

Scam Diego: Vallejo to Emerge from Bankruptcy -- Bruised

According to a story in the May 4 Wall Street Journal, the city of Vallejo, which entered bankruptcy in 2008, should emerge by July. The city of 120,000 is 30 miles northeast of San Francisco. In the years leading up to the bankruptcy, the city's expenses grew by 11% annually ...

Scam Diego: Bridgepoint Stock Leaps on Huge Profit Gain

Bridgepoint Education, the controversial for-profit education institution, enjoyed a stock gain of 8.1% to $19.87 today (May 3) as first quarter profits leaped 81% to 92 cents a share. Sales climbed 47% to $229.4 million. Earnings per share will be $2.47 to $2.57 this year. Analysts had predicted $2.26. Bridgepoint ...

Scam Diego: Impasse on Debt Ceiling Could Cost San Diego $15 Billion

Congress this month will debate the raising of the U.S. debt ceiling. If there is no agreement, the consequences for American finances could be devastating. But local effects could be deleterious, too. W. Erik Bruvold of the National University System Institute for Policy Research says that if there is a ...

Scam Diego: U-T Sues Supplier for Touted "Daily Deal"

The Union-Tribune has been boasting of the success of its "Daily Deal" promotion, in which it touts steep discounts of 50% and more at businesses. Recently it wrote a purported news story bragging how a deal to give a 60% discount on a summer camp session had generated $366,035. However, ...

Scam Diego: U-T, N.C. Times Report Circulation Figures Under New System

The Audit Bureau of Circulations (ABC) today (May 3) reported circulation figures for U.S. newspapers. However, ABC has changed its methodology and definitions, and recommends that current figures not be compared to previous numbers. Daily print (Monday-Friday) circulation of the Union-Tribune for the six months ended March 31 was 204,967. ...

Scam Diego: U.S. Kills Osama bin Laden: Reports

Al Qaeda leader Osama bin Laden has been killed by the U.S. military and positively identified, according to multiple media reports at 8 p.m. West Coast time. He had been hiding out in Pakistan. President Obama is expected to go on TV to give more facts momentarily.

Scam Diego: Ailing Callaway May Buy Conglomerate's Golf Business

Reuters is reporting that Carlsbad's Callaway Golf, which has just reported poor earnings and prospects, may join with Wall Street's Blackstone Group to buy the golf business of conglomerate Fortune Brands. Fortune announced late last year that it would sell or spin off its golf business, which makes Titleist equipment, ...