Dalager's Debt Debacle? Abjection Acres? Freeway Folly? Pesticide Place?

Encinitas extends deadline for naming sports park.

Council majority fiddles while Encinitas burns

While our City Council (Teresa Barth excepted) buries its head in the sand about the pension crisis, our neighbors down south are getting serious.

A proposed ballot measure by Mayor Jerry Sanders and City Councilman Kevin Faulconer would alter San Diego’s pension system in profound ways that they say would save a projected $1.6 billion for taxpayers over the next three decades.

The measure calls for the most strict cap on public-safety pensions among the state’s largest cities, a switch to a 401(k) for new hires in all other city jobs and a cap on the city’s overall payroll for five years. In addition, it would remove a provision from the city charter that gives workers the ability to veto benefit changes with a majority vote — which some city leaders say makes it difficult to push through significant reform.

Yesterday, economist Eric Falkenstein commented on CalPERS' rosy 7.75% return assumptions.

Either someone invents cold fusion, the Mayan alien astronauts bring us all sorts of manna when they return in 2012, or we will monetize our debt to pay for all these off-balance sheet liabilities. I'm betting on the latter.

And even though we are still pushing the vast majority of the pension costs onto the next generation by using phony assumptions and under-contributing even for those rosy assumptions, the tiny portion of pension costs that we are actually paying for today are crimping the city budget so that Olivenhain can't even have a fire station. Honestly, Olivenhain ought to just secede and go back to the county. They pay all these taxes into the city and what do they get for it?



What will it take for the Council majority to wake up?

Encinitas to be hit by radiation from Japan by Friday

New York Times:

A United Nations forecast of the possible movement of the radioactive plume coming from crippled Japanese reactors shows it churning across the Pacific, and touching the Aleutian Islands on Thursday before hitting Southern California late Friday.

[...]

The chairman of the Nuclear Regulatory Commission, Gregory B. Jaczko, said Monday that the plume posed no danger to the United States. “You just aren’t going to have any radiological material that, by the time it traveled those large distances, could present any risk to the American public,” he said in a White House briefing.

Mr. Jaczko was asked if the meltdown of a core of one of the reactors would increase the chance of harmful radiation reaching Hawaii or the West Coast.

“I don’t want to speculate on various scenarios,” he replied. “But based on the design and the distances involved, it is very unlikely that there would be any harmful impacts.”

State Bar asks judge to suspend Michael T. Pines' license

... temporarily, before they revoke it permanently. NC Times:

Pines made a name for himself by advising families, including two in Escondido, too break into homes they lost to foreclosure and retake possession. In all cases, the families were evicted again, as Pines lost every argument in court and was cited for contempt in at least one of the cases.

Pines's behavior became so egregious in the view of the state bar that it filed to have his license suspended on an interim basis while it seeks to remove his license permanently.

"To remove a lawyer from active practice on an interim basis before formal charges are filed is a drastic remedy," said Chief Trial Counsel James Towery in a written statement. "That remedy is justified by the established misconduct of Michael T. Pines. He has shown complete disrespect for the law, the courts and especially the best interests of his clients."

Pines has been evicted from his Leucadia office due to foreclosure as well.

NOTE: This is NOT La Jolla personal injury attorney Michael Pines, who is concerned about being confused with the Encinitas break-in artist.

Leucadia Farmers Market hates the environment

If you can't get rid of plastic at a Greeny/hippie event like a farmers market in a Greeny/hippie town like Leucadia, something is seriously wrong.

The Leucadia Farmers Market has more plastic than Nancy Pelosi's face.

Pacific Station condos not selling well

They've taken to hawking them on Encinitas Boulevard like $5 pizzas.





Just as we noted a month ago, the cheaper railroad-view and loading dock-view condos are selling OK, but the nicer units are struggling.

I wonder if they'll end up renting them like the Moonlight lofts, or drop the prices to sell them all.

Tsunami warning

Stay away from the beaches around 8:45 this morning.

If you can get pictures from the bluffs, send 'em in!