{"id":6418,"date":"2004-09-07T08:16:10","date_gmt":"2004-09-07T15:16:10","guid":{"rendered":"http:\/\/hill-kleerup.org\/blog\/wp\/2004\/09\/07\/shocking.html"},"modified":"2004-09-07T08:16:10","modified_gmt":"2004-09-07T15:16:10","slug":"shocking","status":"publish","type":"post","link":"https:\/\/hill-kleerup.org\/blog\/2004\/09\/07\/shocking.html","title":{"rendered":"Shocking"},"content":{"rendered":"

I’m less shocked to find out in this news story<\/a> that there’s financial shenanigans going on in San Diego …<\/p>\n

The sewer bond sale was postponed. Alarmed bond-rating agencies have significantly downgraded the city’s credit rating, raising borrowing costs years into the future. The city was forced to admit that it had misstated its financial condition for the last several years, and it has not yet produced a certified financial statement for 2003. Several senior city officials abruptly resigned. Retired city employees, concerned that they would lose benefits because of mismanagement of the pension fund, sued the city, demanding immediate payments into the fund. Reputable analysts have begun talking openly about the possibility that the city will have to declare bankruptcy, as Orange County did a decade ago.<\/p>\n

… but that it’s the seventh <\/em>largest city in the US. I had no idea it was that high up the list.<\/p>\n","protected":false},"excerpt":{"rendered":"

I’m less shocked to find out in this news story that there’s financial shenanigans going on in San Diego … The sewer bond sale was postponed. Alarmed bond-rating agencies have…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9],"tags":[],"class_list":["post-6418","post","type-post","status-publish","format-standard","hentry","category-politics-law"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":39294,"url":"https:\/\/hill-kleerup.org\/blog\/2013\/10\/22\/a-financial-group-gets-fined-the-horror.html","url_meta":{"origin":6418,"position":0},"title":"A financial group gets fined? THE HORROR!","author":"***Dave","date":"Tue 22-Oct-13 11:39am","format":false,"excerpt":"Fox News and the Wall Street Journal are shocked, shocked, to learn that JPMorgan will have actually have to to pay money for the shenanigans they -- and the institutions they bought -- engaged in.Dear WSJ -- it's not \"confiscation\" when they defrauded institutional investors, causing massive losses (and, in\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31690,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/12\/10\/the-escalating-violence-of-james-bond.html","url_meta":{"origin":6418,"position":1},"title":"The escalating violence of James Bond?","author":"***Dave","date":"Mon 10-Dec-12 6:09pm","format":false,"excerpt":"So someone's studied the violence in James Bond movies and come to the conclusion that they're getting increasingly violent. \u00a0On the one hand, that's not surprising. On the other hand (to address the question of \"What happened in the early 70s?\") I don't have the impression that either Diamonds Are\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13385,"url":"https:\/\/hill-kleerup.org\/blog\/2009\/01\/04\/incentives.html","url_meta":{"origin":6418,"position":2},"title":"Incentives","author":"***Dave","date":"Sun 4-Jan-09 7:17pm","format":false,"excerpt":"People are, by definition, influenced to do something by incentives, and influenced against doing things by disincentives. As these NYT Op-Eds demonstrate,\u00a0last year's financial system series of collapses and...","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"https:\/\/hill-kleerup.org\/blog\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137652,"url":"https:\/\/hill-kleerup.org\/blog\/2019\/01\/12\/im-shocked-shocked-to-find-sketchiness-in-this-border-wall-gofundme.html","url_meta":{"origin":6418,"position":3},"title":"I'm shocked, SHOCKED, to find sketchiness in this Border Wall GoFundMe","author":"***Dave","date":"Sat 12-Jan-19 3:48pm","format":false,"excerpt":"Soliciting funds (and, more to the point, fund-raising email and home addresses) for a private effort that was never, ever, build an inch of border wall? Then passing the money on to a new \"non-profit\" full of xenophobic zanies that suggest that they, too, will build some of that Beautiful\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4984,"url":"https:\/\/hill-kleerup.org\/blog\/2003\/11\/19\/rrg_4.html","url_meta":{"origin":6418,"position":4},"title":"Rrg","author":"***Dave","date":"Wed 19-Nov-03 9:55pm","format":false,"excerpt":"Some church business venting ... I don't know if it's pent-up anger about the General Convention, worries about the cost of the building expansion, or angst about the rector departing...","rel":"","context":"In "Religion"","block_context":{"text":"Religion","link":"https:\/\/hill-kleerup.org\/blog\/category\/religion"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12187,"url":"https:\/\/hill-kleerup.org\/blog\/2007\/10\/28\/california_fire_victim_as.html","url_meta":{"origin":6418,"position":5},"title":"California Fire Victim Assistance","author":"***Dave","date":"Sun 28-Oct-07 3:24pm","format":false,"excerpt":"The immediate crisis in California from the wildfires is largely dealt with, but there's much to be done to help folks who've lost their houses, and are trying to pick...","rel":"","context":"In "Climate Change \/ Weather \/ Disasters"","block_context":{"text":"Climate Change \/ Weather \/ Disasters","link":"https:\/\/hill-kleerup.org\/blog\/category\/science\/weather-and-climate-change"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/6418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/comments?post=6418"}],"version-history":[{"count":0,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/6418\/revisions"}],"wp:attachment":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media?parent=6418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/categories?post=6418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/tags?post=6418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}