Category: Economy

Hi. I’m your neighbor, the guy in the front apartment that opens to the parking lot. And I’m a (hopefully) soon to be former homeowner. Why hopefully? Because the bank still hasn’t filed a Notice of Default, the document sent to the county recorder that starts the foreclosure process, even though I haven’t paid my mortgage since I moved out about six months ago and I told them even before that that they’d seen the last of my money. Why former homeowner? Longer story…

by Frank Gormlie

(Reposted from Feb.19th) I finally sat down with Dr Jefe inside the hollow chamber once known as Rock Paper Scissors and got his side of the controversies surrounding the closing of the popular arts and crafts store. It had suddenly closed without notice earlier this month.

There was a disappointing turnout of Ocean Beach residents and businesspeople today at the City’s Budget and Finance Committee hearing. There was literally two OB residents present at this morning’s meeting. The Clairemont library had a number of supporters, plus sitting in the back of the large room were organizers from the city-wide library coalition-in-forming.

On the corner of Sunset Cliffs Boulevard and Santa Monica Avenue resides a historic landmark, one that has served the Ocean Beach community and surrounding areas as both a valuable storehouse of knowledge and a tranquil study haven for over 80 years. This unique site is the home of the Ocean Beach branch of the San Diego Public Library, and today, it faces threats of possible closure.

On November 6th, 2008, San Diego Mayor Jerry Sanders announced the tentative closure of the Ocean Beach branch due to budget cuts, along with 6 other libraries, 9 recreation centers and a gym. An astounding response from the community has led to the mayor’s decision to forego the issue and revisit it this spring.

by Anna Daniels

The third community input meeting on the upcoming budget was held this Saturday, February 21, at Hoover High School in City Heights. The auditorium was packed to overflowing! Fifty seven citizens provided public testimony about what services they considered essential and non-essential as well as ideas on how to save money and generate more general fund revenue. Fifty of those citizens said libraries and park and recreation services are essential because they provide kids with safe meaningful alternatives to the streets and opportunities for their future.

Through my work alongside social service and mental health professionals, I am occasionally presented the opportunity to do more than provide direct services. Today I came across a call to action for all San Diego community leaders, and in my opinion that includes anyone who takes part in the OB Rag – either as a contributor, a reader, or both.

As a result of the slumping economy and the California Legislature’s longstanding inability to agree on a viable budget, there will be a number of far-reaching consequences. One of those consequences is in direct relation to the well-being of San Diego’s poor, namely those receiving cash aid or food stamps.

We’ve learned that the popular crafts store Rock Paper Scissors, which shut its doors suddenly a couple weeks ago, had a very rocky closure, indeed. The store’s closure was so rocky, that many of the store’s vendors feel ripped-off and say the store’s owner, Jeff Fagan, owes them thousands of dollars. Some of the vendors are talking about suing Fagan.

Accusations are flying, anger is rising. When he closed the store, Fagan gave the vendors insufficient notice; he hasn’t paid back February rents, or even for some vendors January rents, or for some monies from December, or the original deposits. He owes his vendors thousands, tens of thousands; one estimate is a quarter million.

At a time when jobless rates are hovering around 8%, one in ten homeowners can’t afford their mortgage payments, and the average cost of staple foods have risen astronomically, we should all be proud to know that those of us living in San Diego County reside in a region with the lowest accessibility to food stamps in the ENTIRE COUNTRY.

According to the Food Research and Action Center, only 29% of eligible recipients receive Food Stamp benefits, good for last among the 24 largest metropolitan areas in the country.

by Frank Gormlie

Residents in this County, when asked what San Diego County government does, are often hard-pressed I have found, to list more than a couple of things. Uh, collect taxes they’ll respond, … uh, run the sheriffs office, uh, … and then there will be a long, thoughtful pause. And maybe they’ll add one or two other services.

Well, the County does collect property and other taxes, and it does finance the Sheriff’s Office – although the Sheriff is elected separately. But the County does so much more.

By Paul Krugman

By now everyone knows the sad tale of Bernard Madoff’s duped investors. They looked at their statements and thought they were rich. But then, one day, they discovered to their horror that their supposed wealth was a figment of someone else’s imagination.

Unfortunately, that’s a pretty good metaphor for what happened to America as a whole in the first decade of the 21st century.

Last week the Federal Reserve released the results of the latest Survey of Consumer Finances, a triennial report on the assets and liabilities of American households. The bottom line is that there has been basically no wealth creation at all since the turn of the millennium …

Some of us active in the community of Ocean Beach have been wondering why there is no “Community Budget Input Meeting” scheduled for our District – District 2?

The San Diego City Council has just begun its process on approving a budget for FY2010, and Councilmember Tony Young and Mayor Sanders organized a series of community-input hearings in different City Council Districts, beginning Feb. 4th and ending on Feb. 26th. But not all the Districts – only Districts 3, 4, 5, and 7. None for Districts 1, 2 – the District here, 6 and 8. Half the Districts have their own meetings, and half don’t. Does this make sense?

Explosive anger is spilling out onto the streets of Europe. The meltdown of the global economy is igniting massive social unrest in a region that has long been a symbol of political stability and social cohesion. It’s not a new trend: A wave of upheaval is spreading from the poorer countries on the periphery of the global economy to the prosperous core.

Over the past few years, a series of riots spread across what is patronizingly known as the Third World. Furious mobs have raged against skyrocketing food and energy prices, stagnating wages and unemployment in India, Senegal, Yemen, Indonesia, Morocco, Cameroon, Brazil, Panama, the Philippines, Egypt, Mexico and elsewhere.