Tuesday, August 18, 2009
The latest report for Lakes Entertainment shows their investment in the Jamul Casino project continuing to look bad, at least on paper. The money quote from the report:
The net unrealized gains for the six months ended June 28, 2009 consisted of $2.2 million related to the Jamul Casino project with the Jamul Tribe and $0.1 million related to the Iowa Tribe’s Ioway Casino project due primarily to improvement in the credit markets, which resulted in lower required rates of return.
Essentially this says that Lakes' accounts believe they'd have been better off (by $2.2 million!) putting the money in the bank than investing it in the Jamul Casino project.
Also in the news is the JAC (Jamulians Against the Casino) lawsuit aiming to overturn Caltran's recent settlement with the Jamul Indian Tribe on environmental grounds. I'm no lawyer, but this sounds like pretty shaky grounds to me...
In Jamul! According to the (very short) story, this happened at around 5 pm last night, near the intersection of 94 (Campo Road) and Steele Canyon Road (i.e., near Ranch Feed, the 7-11, and the Greek Sombrero).
I'd like to have seen that!
There's a short video at the link.
Lou Pritchett is a former Vice President of Proctor & Gamble. I'd never heard of him until I read this letter that he wrote (below), which nicely summarizes many of my thoughts about Obama. Snopes has verified its authenticity. Mr. Pritchett submitted the letter to the New York Times, and says that they never even acknowledged his submission, much less published it.
AN OPEN LETTER TO PRESIDENT OBAMA
Dear President Obama:
You are the thirteenth President under whom I have lived and unlike any of the others, you truly scare me.
You scare me because after months of exposure, I know nothing about you.
You scare me because I do not know how you paid for your expensive Ivy League education and your upscale lifestyle and housing with no visible signs of support.
You scare me because you did not spend the formative years of youth growing up in America and culturally you are not an American.
You scare me because you have never run a company or met a payroll.
You scare me because you have never had military experience, thus don't understand it at its core.
You scare me because you lack humility and 'class', always blaming others.
You scare me because for over half your life you have aligned yourself with radical extremists who hate America and you refuse to publicly denounce these radicals who wish to see America fail.
You scare me because you are a cheerleader for the 'blame America ' crowd and deliver this message abroad.
You scare me because you want to change America to a European style country where the government sector dominates instead of the private sector.
You scare me because you want to replace our health care system with a government controlled one.
You scare me because you prefer 'wind mills' to responsibly capitalizing on our own vast oil, coal and shale reserves.
You scare me because you want to kill the American capitalist goose that lays the golden egg which provides the highest standard of living in the world.
You scare me because you have begun to use 'extortion' tactics against certain banks and corporations.
You scare me because your own political party shrinks from challenging you on your wild and irresponsible spending proposals.
You scare me because you will not openly listen to or even consider opposing points of view from intelligent people.
You scare me because you falsely believe that you are both omnipotent and omniscient.
You scare me because the media gives you a free pass on everything you do.
You scare me because you demonize and want to silence the Limbaughs, Hannitys, O'Relllys and Becks who offer opposing, conservative points of view.
You scare me because you prefer controlling over governing.
Finally, you scare me because if you serve a second term I will probably not feel safe in writing a similar letter in 8 years.
Lou Pritchett
From my mom. Perfect.
