11.15.2010

Sempra (SDG&E) built palace for executives

This is the inevitable result of government-granted monopolies.

They claim the money didn't come from San Diego utility customers, but that's an accounting shell game. Sempra is SDG&E, and SDG&E is Sempra.

To boot, the CEO gave his buddy the no-bid construction contract.

You'll recall that Sempra is the same company that still employs lobbyist Heidi DeJong Barsuglia after she allegedly was "dripping" from her interactions with a legislator in Sacramento.

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...