Comments by sevendolphins

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Posted on May 12 at 9:25 p.m.

I'll wait for confirmation that this thing was drug related in any way. Hoover didn't confirm any drug connection.

The location is very near recent burglaries and fights. Seems to me it might simply be a robbery with no drug connection.

On Shooting in Isla Vista

Posted on May 11 at 12:07 p.m.

Remember: everyone, whether they drive or not, pays Measure A sales tax. CAB feels all those funds should go exclusively to cars, even if part of that sales tax is paid by people who exclusively walk, ride their bikes, or take the bus.

The *only* way non-auto-people will get a dime of funds devoted to infrastructure usable by pedestrians, cyclists, and bus-takers is to organize and lobby for spending on that infrastructure.

Special interest groups like CAB do that for cars. The tire, gas, and auto lobbies long ago (between 1930 and 1965) did the same long ago, when they argued for destruction of the local train systems that places like SB had.

On The Future of Biking in Santa Barbara

Posted on May 2 at 10:30 a.m.

Chris Mitchum would have done better to smile, roll his eyes, and say `Really, Lois, Really?,' and then he should have trotted out legions of people who testified to his deep devotion to helping the 24th...

By suing, he drew more attention to his messed up interview.

Does anyone really think this sort of thing is new to American politics? You should read `Running for Governor' by Mark Twain:

On Judge Tosses Mitchum Defamation Suit Against Capps

Posted on May 1 at 7:40 a.m.

Only the interfaces between air and water and land are dangerous during the storms, JJ. Just a gentle rocking underwater. An I must say, it would be an air closet, but our waste is not monitored by your sanitary people.

On Colleges Bleed to Death Slowly

Posted on April 30 at 6:35 p.m.

Barnard, Bryn Mawr, Mount Holyoke, Radcliffe, Smith, Vassar, and Wellesley

one for each of us: Sterope, Merope, Electra, Maia, Taygeta, Celaeno, and Alcyone

Don't forget Pleione was a water nymph.

On Colleges Bleed to Death Slowly

Posted on April 30 at 4:22 p.m.

I'm nobody's brother, just a sister.

On Colleges Bleed to Death Slowly

Posted on April 30 at 2:28 p.m.

What? Huh? I support public pension reform. It should consist of a DB pension with about 1.7% per year of service, available at age 62.

Same goes for all military pensions unless the soldier was wounded in battle.

I'm fine with Wisconsin's $70K/year limit too, also for military pensions.

I've clearly said that public pensions got too generous in California.

But in addition, I'll never forget the glee of investment bankers and their sneering a taxpayers, calling taxpayer/voters ignorant, in 2009. when the taxpayers bailed them out to the tune of $24 trillion (according to the SIGTARP).

On Colleges Bleed to Death Slowly

Posted on April 30 at 12:16 p.m.

No, you should endeavor to educate yourself, WhizViz, you totally have missed the nature of longevity risk. When you pool retirement money it is those who die early, not the taxpayer, who pay for the benefits of those who live a long time. That is why pooled DB plans are more economical than DC plans. In DC plans (evaluated properly using GASB) you need to save enough to live well into your 90s, if you want a fair comparison with DB plans.

But I'm sure telling you that is about as effective as showing my cat a card trick.

Fatigue? I was fatigued during the 2009 crisis, by the radio interviews of wall street private sector investment bankers who crowed that they had pinned $24 trillion of debt onto the voter-taxpayers (according to SIGTARP), who they directly called stupid saps.

But as has been very clear from your comments, you support giving $24 trillion of taxpayer funds via the complex TARP activity to private sector bankers and also foreign banks.

Private annuities historically have all the excesses of private sector greed skimming from them. They are no more trustable than public sector DB pension funds.

On Colleges Bleed to Death Slowly

Posted on April 30 at 7:59 a.m.

Pretty much spot-on, OldDawg. There is also a large portion of innumeracy among all employers and politicians, so they are unable to really understand the consequences of 3%@50, or 1.7%@62. They rely on `experts' who are sometimes charlatans or people with their own agendas. You really want someone with a pocket protector and a crew cut, not a shmoozer, to evaluate numerical consequences.

Also, when you start talking about funds with $100's of billions, it is hard for anyone to grasp who little decisions of a few dollars here and there matter.

Private annuities have their own sorry record of charlatans.

In the end, I do lean slightly toward trusting the government oversight... Medicare is the most efficient health insurance arrangement, by far, for example. Wisconsin & South Dakota did well. But Caveat Emptor.

On Colleges Bleed to Death Slowly

Posted on April 29 at 8:11 p.m.

JJ, you'll find that all California systems also have the capability of DC too.

In my case of all-DC, I already agreed that Vanguard is a great option in terms of fees. But no DC in the world addresses the risk of longevity... everyone in a DC plan must save extra just in case they live a long time. In a DB plan, the early mortalities fund the long-lived. DB is simply a more economical solution.

California payouts got upped too much by the usual US greed (the public sector has its share of greed, although really, the private sector has even more greedsters).

Sure, for CalPERS and CalSTRS all kinds of weird add-ons were inserted and the systems got out of control. UCRS is the odd one, that got out of control from the top down... a pension holiday for the employer for nearly 20 years.

Public DB pensions have to simply be kept extremely simple, bare-bones, without all kinds of rococo fluorishes. 1.7% @ 62 seems fine to me, with DC options but no employer matching.

On Colleges Bleed to Death Slowly

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