Poway Unemployment Rate Hits Three-Year Low

The rate of 5.2 percent is the lowest since April 2009. In April 2008, it was 2.8 percent.

The unemployment rate in Poway last month dropped by half a percent, reaching its lowest level in three years, according to the state’s Employment Development Department. April’s rate was 5.2 percent, down from 5.7 percent in March. The last time the unemployment rate in Poway was at 5.2 percent was in April 2009, after steadily rising for a year. In April 2008, the rate in Poway was a miniscule 2.8 percent. The numbers for the county and state improved last month as well, although they are still significantly higher than Poway’s. San Diego County’s unemployment rate fell almost a full percentage point from March, dropping from 9.6 percent to 8.7 percent. California’s rate in March was 10.5 percent, higher than the 7.7 percent for the …

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PATCH POLL

Poll: Should Jamie Dimon of JPMorgan Chase Go to Jail for $2 Billion Loss?

Chairman/CEO of one of the nation’s biggest banks is under fire by investors, faces FBI probe.

When a bank is robbed, the FBI swoops in.  When a major bank loses $2 billion, other agencies take the lead. But in the case of Jamie Dimon and JPMorgan Chase, the FBI is investigating there as well in the wake of its stunning loss, which has triggered investor lawsuits. Bank regulation remains a contentious issue, but what about criminal liability?  Should CEO and Chairman of the Board Dimon be brought up on charges?  Should he and other bank executives face jail terms?

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john keltner

1:05 am on Sunday, May 20, 2012

As most of you know our govt is printing money as if it were paper ... they call this policy Quantitative Easing. Here is a good video explanation of Quantitative Easing: http://www.youtube.com/watch?v=ohKQP_wSO9k Banks view loaning money to people/business is more risky and less profitable than investing in schemes like this - indexes, etc. Through Q.E., the Fed is exchanging CASH for toxic …   more ›

Junior Seau's Restaurant Shuts Down

A group of trustees of his estate made the decision to close the San Diego restaurant Wednesday.

The eatery bearing the name of the late Chargers star Junior Seau ceased operations Wednesday. Seau died two weeks ago from a self-inflicted gunshot wound to the chest in a spare bedroom of his Oceanside beachfront house. He was laid to rest on Friday, hours before a public memorial drew thousands of mourning fans to Qualcomm Stadium. A group of trustees of his estate made the decision to close Seau's The Restaurant, which opened in 1996. "The trustees made their decision to honor Seau's legacy and preserve the memories of the excitement, fun and warmth that were the hallmarks of the restaurant during the famed linebacker's lifetime," said Bette Hoffman, a trustee, former director of the Junior Seau Foundation and ex-vice president of Seau…

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Home Sales on the Rise in San Diego County

Statewide, the median price of a home rose above $300,000 for the first time since December 2010.

Home prices in San Diego County jumped by 1.7 percent in April compared to the previous month, while the number of sales rose by 4.5 percent, the California Association of Realtors announced Tuesday, noting that statewide home sales reached their highest level in more than two years. In San Diego County, the median price of a single-family home was $369,910 in April, up from $363,710 in March. Last month’s median price was down 2.2 percent from April 2011, when the median was $378,230, according to CAR. Home sales rose in the county by 4.5 percent between March and April, and the April sales number was 9.7 percent higher than April 2011. Statewide, the median price of a California home rose above $300,000 for the first time since December …

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Document Missing in NRC San Onofre Investigation

The Voice of OC reports that, when it was requested by an environmental group, the NRC couldn’t produce a crucial document about the troubled steam generators at the plant.

The Voice of OC reports that some documents are missing in their search for the cause of tube wear in the still-idled San Onofre Nuclear Generating Station: Federal officials investigating excessive tube wear, which caused a small radiation leak at the San Onofre Nuclear Generating Station, cannot produce documentation of a presentation by operator Southern California Edison that focused on the level of federal scrutiny required for design changes at the plant. The company’s presentation materials are listed as the second attachment to the meeting record. The first attachment, a list of those who attended, is included. But where the presentation handout should be, a nearly empty page simply describes what should be there: “Steam Generator …

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Legoland’s Pirate Reef Ride Opens May 25

Prepare to get soaked on this pirate-themed ride that includes a 25-foot plunge.

Guests of Legoland California and Legoland Water Park will be invited to board boats and plunge 25 feet down a chute between two pirate ships and make a giant splash. And the fun doesn’t stop there. Guests can choose which ship to board and choose who they’d like to battle: Captain Blue Brick or Captain Red Brick. Each ship is equipped with 12 water cannons. Pirate Reef features two pirate ships that stand 20 feet high and stretch 40 feet long, a splash bridge that is sure to leave guests soaked and a pirate-inspired play area. –Legoland CA

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Kaiser Permanente, 28 Unions Reach 3-Year Contract for 100K Employees

La Mesa, Carlsbad, Oceanside and Rancho Bernardo workers among those getting 3% raises.

Kaiser Permanente and a coalition representing 100,000 employees in 28 different unions reached a new three-year contract at 3 a.m. Saturday, the health care organization and the unions announced. The deal calls for 3 percent annual pay hikes for the 76,000 affected employees in California, and 2 percent in states ranging from Hawaii to Maryland, according to announcements made by the SEIU and Kaiser officials. Kaiser operates clinics and hospitals throughout San Diego County, including locations in La Mesa, Carlsbad, Oceanside and Rancho Bernardo. A year ago, a 24-hour work stoppage hit Kaiser sites in San Diego and elsewhere in Southern California. The new contract covers the largest single bloc of Kaiser employees, and covers wages and …

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