Archive for December, 2008

Chargers vs. Broncos: In-game commentary, discussion

By: Loren Nelson —  December 28th, 2008

Apparently the double-secret, back-way, Bat entrance into Qualcomm isn’t a secret anymore.

What is usually a smooth, traffic-free ride into the stadium was backed up for miles this afternoon. NCT photographer Don Boomer reports that, three-plus hours before kickoff, he was stuck in that line of vehicles, right behind Norv Turner.

If there was any doubt that this isn’t your average, ordinary, everyday regular season game, the crazy traffic, jammed lots and fan holding the sign “Jay Cutler punches kittens” tells me there’s something special about this one.

Oh yeah, two teams, one AFC West title, one playoff berth. Is that a cage they’re building around the field?

It will be interesting to see what Jim Steeg, the Chargers’ chief operating officer and master of pregame festivities, has cooked up for this one.

The game should be pretty good, too.

Cancer Drug Halts Transplant Rejection

By: Bradley Fikes —  December 27th, 2008

Bortezomib, a drug used to treat multiple myeloma, is effecting in treating transplant rejections, according to University of Cincinnati researchers. Their paper on the discovery was published in the Dec. 27 issue of the journal Transplantation.

Researchers found the drug effective in treating rejections caused by antibodies that target transplanted kidneys, as well as reversing rejection episodes that did not respond to standard therapies.

Multiple myeloma is a cancer of the plasma cells, found in the bone marrow. The researchers said plasma cells, which are in a category of white blood cells called B-cells, play a large role in rejection, something originally thought to be mostly under control of other white blood cells called T-cells.

“It has become clear that plasma cells and the antibodies they produce play a bigger role in rejection than previously thought, and the development of therapies targeting these cells has lagged,” said Steve Woodle, lead author of the study and chief of transplant surgery at the universary, in a press release. “We realized that current therapies don’t target the plasma cells which may produce the antibody, in general.”

$175M Fed. Subsidy Requested For Carlsbad Desal Plant

By: Bradley Fikes —  December 24th, 2008

This article of mine will appear in Thursday’s paper , but you can read it here today. The Voice of San Diego wrote on this issue Tuesday, so a tip of the hat to them:

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Wednesday Morning Christmas Briefing

By: Morning Briefing —  December 24th, 2008

* Escondido Lexus dealership opening delayed, city had counted on tax revenue
* Downturn worsens in North San Diego County hospitality industry
* Gemological Institute of America lays off 117
* Temecula Valley Bancorp names new chairman
* Mall owner Westfield sues Oceanside to stop competitor mall

National and world business news
* New jobless claims jump more than expected
* November personal spending falls 0.6 percent in November
* Durable goods fall 1 percent in November

* Wal-Mart agrees to pay workers up to $640 million to settle labor violations lawsuits
* World markets slip after gloomy U.S. economic data

New York Times Mangles Real Estate

By: Bradley Fikes —  December 23rd, 2008

The New York Times preens itself as one of America’s most accurate and trusted sources of information. Yet the news organization keeps getting basic facts wrong. Here’s an article on the housing meltdown that describes “short sales” as when “homeowners sold to avoid a foreclosure”.

Nope, short sales are when homes sell for less than the mortgage balance. Short sales don’t have to involve a threatened foreclosure at all, although in practice many do. A well-off person who wants to quickly unload a property could sell it short and just pay the difference to the lender. More commonly, the seller is financially distressed and can’t make the payments. But lender approval is typically needed for a short sale — a fact the article doesn’t explain — so a short sale is not an automatic get-out-of-foreclosure card.

In short, the NYT reporter’s muddled description will only confuse readers who don’t already know better.

Another NYT writer, Gretchen Morgenson, became infamous as a symbol of the Grey Lady’s cluelessness about real estate. The late Tanta of the respected real estate blog Calculated Risk dedicated a whole category to correcting her errors.

But none of the editors at the Times appears to have listened. While the Grey Lady’s errors keep on coming, the editors are probably still patting themselves on the back for their great journalism and wondering why they’re not more respected.

—- Bradley J. Fikes

Tuesday Morning Business Briefing

By: Morning Briefing —  December 23rd, 2008

* Sales slump deeper in suburbs
* Carlsbad’s tourism bureau to reorganize, focus on Internet
* San Onofre backup battery was inoperable for 4 years
* Could bankrupt Tribune Co. buy the U-T?

* San Diego science gets online social networking
* Outsourced chemistry shop BioBlocks grows in San Diego, Hungary
* Sempra completes solar plant
* Sports Web site wins San Diego Venture Group’s PitchFest

California and national business news
* State running out of cash, California controller says
* State workers sue to halt furloughs
* Dan Walters: California budget crisis shifts by the minute
* Fry’s Electronics exec arrested for alleged $65 million fraud scheme

* Economy fell 0.5 percent in Q3
* Putin: No more cheap natural gas
* Oil below $40 on fears of weaker crude demand

Qualcomm, Chinese Hardware Maker, Sign Modem Deal

By: Bradley Fikes —  December 22nd, 2008

Today Qualcomm announced a pact with Beijing Tianyu Communications Equipment Co. LTD allowing Tianyu to make wireless modems using Qualcomm’s CDMA2000 technology and the rival WCDMA technology, in part developed with Qualcomm technology.

The agreement appears to represent significant progress for Qualcomm in cracking the contentious Chinese market. China has tried to develop its own wireless technology that would not involve paying Qualcomm royalties. A press release from Qualcomm said royalties payable by Tianyu are “at Qualcomm’s standard worldwide rates”.

Watching the market reaction Tuesday should be interesting — is it a one-off event, or does it represent significant progress for Qualcomm in reaching the Chinese market?

Monday Morning Business Briefing

By: Morning Briefing —  December 22nd, 2008

* Christmas beers abound at local breweries
* Epic travel deals to be had amid recession
* Changes at San Diego’s scandal-plagued SEDC slow to take shape

National news
* Banks refuse to say how they’ve used bailout money
* Bailed-out firms keep their corporate jets
* Commercial real estate developers seek bailout
* Toyota expects first loss in 70 years

Chargers vs. Buccaneers: In-game commentary, discussion

By: Loren Nelson —  December 21st, 2008

The Good Ship Chargers sails into Tampa today for what is, in effect, a playoff game against the Buccaneers.

The Chargers must win to have any hope of reaching the playoffs. We’ll see.

The Chargers were in the same situation last week in Kansas City and did not play well, yet somehow they won.  No way the same effort and execution today will result in a W.

Last season the Chargers hadn’t won a road game against a quality team until they went to Nashville and edged the Titans. That was a quality win. This would be the same.

We’ll see.

Gas Prices To Keep Heading Up After New Year

By: Bradley Fikes —  December 19th, 2008

That’s what gas industry observer Bob van der Valk says in his latest gas price advisory. It’s all included below the link.

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