MiraCosta College Business Department

Accounting, Business Administration, Real Estate

Browsing Posts published in July, 2010

(NORTH COASTAL SAN DIEGO COUNTY) – Citizen taxpayers have established REFORM MIRACOSTA, a political action committee to promote transparency and accountability among trustees and to stop illegal, windfall buyouts at MiraCosta College.

 “No one can dispute that the public’s trust in MiraCosta has been eroded by a trustee majority, which illegally misappropriated over $1.1 million of the public’s money,” said Jean Moreno, the Chairwoman of REFORM MIRACOSTA, and onetime trustee herself of MiraCosta (1976 – 2003).  “We must re-build public confidence in this wonderful community college by electing in November new trustees who will provide strong leadership and put taxpayers and students first.”

  In June 2007, the District’s Board of Trustees, including incumbent Trustees Post, Fernandez, and Adams, approved an illegal $1.662 million settlement with the College’s former President Victoria Munoz-Richart.  Leon Page, a Carlsbad resident, successfully sued to challenge this illegal golden parachute which greatly exceeded the statutorily-sanctioned eighteen months of compensation maximum buyout.  The California Court of Appeals agreed and held that the settlement caused the illegal expenditure of public funds, unjustly enriching Richart.  Page now serves as treasurer of REFORM MIRACOSTA.

 “Trustees Post, Fernandez, and Adams not only stubbornly supported the embattled president, but they also approved Richart’s $1.662 million settlement – and did so twice – and then wasted hundreds of thousands of taxpayer dollars on lawyers in a failed effort to defend this illegal expenditure of public funds.  Removing Post, Fernandez, and Adams from the Board is not personal.  It is simply a matter of taxpayer self-defense,” said Page.

 The deep divisions caused by the Richart settlement continued to roil the District and its Board long after Richart’s resignation.  In February 2008, the Accrediting Commission for Community and Junior Colleges criticized the Board’s infighting and warned trustees to correct problems in leadership, education and communication within two years or lose accreditation.

 “The Board’s dysfunction was the direct result of the refusal of Post, Adams, and Fernandez to accept responsibility for their mistakes – first in supporting Richart and then in showering her with money  in a bogus settlement,” said Moreno.

 “Good government and good sense demand that we sweep Post, Adams, and Fernandez from office and install people of integrity, experience, and judgment,” said retired political science professor Leon Baradat, a leading supporter of REFORM MIRACOSTA.

 REFORM MIRACOSTA (Campaign Identification No. 1327702) has already received more than $10,000 in contributions and will campaign to elect a slate of four (4) reform candidates – three challengers and one incumbent – in the November 2, 2010, general election.

 **Challenging incumbent Rudy Fernandez is JEANNE A. SHANNON (Email: Jeanne4MiraCosta@yahoo.com), a certified public accountant, who provides tax preparation, consulting, and planning services for small businesses in San Diego County.  Ms. Shannon, a resident of Carmel Valley, is a Past President of the San Diego Chapter of the California Society for Certified Public Accountants and has taught financial accounting at the University of Phoenix and the University of San Diego.

**Opposing Greg Post is Rancho Santa Fe resident RON RUUD (Ph. 858-759-3534), recently retired from the law firm ATKINSON, ANDELSON, LOYA, RUUD & ROMO, where, as a practicing attorney, he represented governing boards of K-12 and community college districts for thirty years.

**Taking on incumbent Charles Adams is Oceanside resident DAVID BROAD, Ph.D. (microbiology), (Email: davidbroad@msn.com) who currently serves as president of MiraCosta’s Foundation, which raises money for scholarships.  Dr. Broad led the successful start-up and operation of Genentech’s Oceanside facility until his retirement in 2008.

 **Asking voters for their support in his first election is Oceanside’s incumbent Trustee WILLIAM FISCHER (Email: wcfischer@yahoo.com), who was appointed to the Board of Trustees in 2009 to complete the term of Judy Strattan.  Dr. Fischer taught English at State University of New York (Buffalo) and served for five years as the vice provost for faculty development.  REFORM MIRACOSTA supports Trustee Fischer because of his concern for students and his sound, thoughtful judgment.

 “REFORM MIRACOSTA is absolutely committed to reforming the district’s Board of Trustees,” said Moreno.  “The election of these top-tier candidates who are committed to open and transparent governance can help make MiraCosta once again preeminent among community colleges nationwide.”

 The MiraCosta Community College District, which stretches along the coast from Camp Pendleton to Sorrento Valley, is governed by seven trustees.  Each board member must live in his or her trustee area, but all are elected by voters throughout the District.  For more information about REFORM MIRACOSTA, please visit our website, www.reformmiracosta.org

It’s not hard to be happy in Copenhagen
By Kitty Bean Yancey, USA TODAY
A fresh-faced blonde in a polka-dot bikini sprinkles essential oils on hot rocks in the sauna of the DGI-Byen hotel and athletic complex and energetically swirls a towel over her head to diffuse the aroma. She’s leading 10 locals and tourists in an “Indian Sweat Lodge” ritual that involves inhaling chamomile and lavender, thinking healing thoughts while roasting and leaping into a vat of ice-cold water. Participants range from a tattooed young man to a silver-haired woman.
 By the end, the Danes are rosy and laughing. No brooding Hamlets here. In fact, more than one study — including a 2009 report from the Paris-based Organisation for Economic Co-Operation and Development — has designated Danes the happiest people in the world. A positive outlook, dedication to exercise (55% of Copenhagen residents ride bikes to work or school, statistics say), government-funded health care and higher education, close family ties and a love of socializing contribute to contentment. MORE AT…  
 
Many of these small-business people are using the site in ways you’d commonly imagine: finding leads, growing their business globally, or finding the right vendors. Here is a list of ten additional ways small businesses can use LinkedIn:
  1. Acquire new customers through online recommendations and word of mouth. Satisfied customers are the best source of new customers. Increase your word of mouth referrals by asking your happy clients to write you a recommendation, which will be published on your LinkedIn profile and will be broadcast to their entire LinkedIn network.
  2. Keep in touch with people who care most about your business. Sites like LinkedIn help keep your business alive in the minds of the people who care most about your business. LinkedIn is effective for two reasons: the business intent of LinkedIn users and fewer status updates, which mean you stay on top of mind. Tip: You can also increase the impact of your status updates by syncing your LinkedIn and Twitter accounts.
  3. Find the right vendors to outsource services you’re not an expert on. Think of the number of times you’ve asked your colleagues if they knew of a great web designer or photographer. LinkedIn makes it easy for you to find and vet vendors through the network of your peers. Additionally, you can also trade services with your vendor connections on LinkedIn; sort of a mutual referral system.
  4. Build your industry network—online and in person. Search LinkedIn’s Groups directory to find industry associations and networks to take part in. For example, if you’re in the event planning or wedding industry, there are over 530 groups. In addition, LinkedIn also surfaces popular events in your industry calling out local events that your connections are attending. Imagine being able to find only industry events that your prospective clients are attending.
  5. Get answers to tough business questions with a little help from your real friends. Small business owners deal with challenging questions on a slew of topics each day. LinkedIn Answers and Groups let you find answers to those vexing questions quickly by tapping into the wisdom of your network (LinkedIn tells me there are over 200 different categories on Answers including one dedicated just to small business and over 2000 groups on small business related topics). Wondering whether your recent office purchase is tax deductible? Check out hundreds of questions on related topics here.
  6. Win new business by answering questions in your area of expertise. Use the many forums on LinkedIn to share the knowledge you’ve gained in your area of expertise. This is a great opportunity to win new business or at least find prospective clients to pitch your business to. Prospective customers will find your answers when they use LinkedIn’s advanced Answers search. And don’t forget, what goes around comes around. Don’t forget, this is a great way to soft pitch your skills and expertise.
  7. Raise funding. You can use LinkedIn to find mentors or potential investors for your startup because there are over three million startup professionals and over 12M small business professionals on LinkedIn and it’s always good to stay in touch with folks who’ve been there, done that and willing to mentor you. Once you’re connected, your participation on LinkedIn (answers, status updates or group conversations) may even cause them to consider investing in your small business.
  8. Network with peers in your industry for repeat business referrals. LinkedIn Groups is a powerful medium to find peers in your respective industries to network with and to find complimentary businesses to share referrals with. For example, mortgage brokers can find real estate agents to partner with on relevant groups and as most small businesses know, these partners are your best source of referrals that can turn into repeat business. With over 2000 groups dedicated to small business topics, you’re sure to find a relevant group to network.
  9. Convince potential customers of your expertise by sharing unique blog content. Small businesses smart enough to create unique content on their expertise (either with a blog or twitter account) should link to it from their LinkedIn profiles. Or take it one step further by promoting featured blog content to LinkedIn members on the site (for e.g. with small text ads). You can specify exactly who will see your ads—Executives or VPs—and include a link to your profile so they know who’s behind this content.
  10. Keep your friends close and your competition closer. Over 150,000 companies have a company profile on LinkedIn, the “public profile” for companies. These pages surface key stats on companies; recent hires as well movers and shakers. Not only do company profiles give you unique insight into your competition, they also give you an opportunity to stumble upon potential hires by browsing through company pages.
By Jennifer Davies , UNION-TRIBUNE STAFF WRITERYou’ve been paying your rent dutifully month after month and even started a little garden in the backyard. Now, there’s a notice on the front door saying your place is in foreclosure. Even though you’re a renter, you’ve now been unwittingly pulled into the housing crisis.

It’s hardly a unique scenario. In 2009, around 37 percent of all foreclosures in California were rental properties affecting more than 200,000 people, according to Tenants Together, a renters’ rights group. In San Diego, 40 percent of the 16,000 foreclosed residential properties last year were rental units, which included single-family homes and apartments.

Unlike homeowners who can plan and prepare for a foreclosure, tenants can be caught unaware. Often the first sign is anything wrong is a notice of trustee’s sale on their front door, which means a foreclosure sale can happen in as soon as 20 days.

Still, renters do have rights. Here are answers to some commonly asked questions about what foreclosure can mean for renters: MORE AT…http://www.signonsandiego.com/news/2010/jul/05/some-advice-for-renters/

 

FORTUNE — In 2006, I made a commitment to gradually give all of my Berkshire Hathaway stock to philanthropic foundations. I couldn’t be happier with that decision.

Now, Bill and Melinda Gates and I are asking hundreds of rich Americans to pledge at least 50% of their wealth to charity. So I think it is fitting that I reiterate my intentions and explain the thinking that lies behind them.

First, my pledge: More than 99% of my wealth will go to philanthropy during my lifetime or at death. Measured by dollars, this commitment is large. In a comparative sense, though, many individuals give more to others every day.

MORE AT…http://money.cnn.com/2010/06/15/news/newsmakers/Warren_Buffett_Pledge_Letter.fortune/index.htm

The estate tax is set to come roaring back in January. That sets the stage for a perverse calculus: End it all—or leave a massive bill for your heirs to deal with.

It has come to this: Congress, quite by accident, is incentivizing death. When the Senate allowed the estate tax to lapse at the end of last year, it encouraged wealthy people near death’s door to stay alive until Jan. 1 so they could spare their heirs a 45% tax hit. Now the situation has reversed: If Congress doesn’t change the law soon—and many experts think it won’t—the estate tax will come roaring back in 2011. Not only will the top rate jump to 55%, but the exemption will shrink from $3.5 million per individual in 2009 to just $1 million in 2011, potentially affecting eight times as many taxpayers. MORE AT…http://online.wsj.com/article/SB10001424052748703609004575355572928371574.html?mod=WSJ_myyahoo_module

 (No, not just anybody–YOU!) 
Yelp.com (www.yelp.com/sandiego) is a social networking, user review, and local search Web site and we want to use it to get the word out about how totally AWESOME MiraCosta is! Over 31 million people access Yelp each month, putting it in the top 150 of U.S. Internet Web sites. Yelp combines local reviews and social networking to create a local online community. Site visitors can see which contributing users are the most popular, respected, and prolific; how long each has been a member; and who has interests similar to theirs. Strong peer feedback mechanisms and the featured placement of popular reviews on the site and in local newsletters help motivate contributors. The site also has a forum for online socialization and to discuss local businesses and events. 
 
The Yelp sites have listings for busineses throughout the United States and Canada and accept reviews of any business or service. Listings include restaurants and shops; service businesses such as doctors, hotels, and cultural venues; and non-business locations such as *schools*, museums, parks, and churches. MiraCosta already has a couple of entries, but we’d like for there to be more. Check it out and add your own comments. Click the link below to go directly to the MiraCosta entries. Go There Now!
We look at sticker price, insurance costs, and fuel economy to determine the cheapest cars to own.
By Jared Gall, Car and Driver.

When it’s time to buy a new car and desperation comes calling, all other priorities peel away, leaving price alone to govern the decision. But simply buying the cheapest car isn’t necessarily the cheapest route. Cars—even the affordable ones—are expensive to own and operate. So we went in search of the answer to an important question: What is the cheapest car to buy and own? Fuel is an obvious consideration, but insurance can’t be ignored, either. MORE AT…http://autos.yahoo.com/articles/autos_content_landing_pages/1442/cheap-dates-the-10-least-expensive-cars-to-own/

The best way to snag a low airfare is to sign up for free fare alerts. Many sites offer this service. Here are how some of the top sites compare. What’s your fave airfare alert site? Here’s a chart to see how these sites compare: Airfarewatchdog, Bing, Farecompare, Kayak, Orbitz, Travelocity, Tripadvisor, Yapta: http://www.airfarewatchdog.com/blog/4771853/chart-how-airfare-alert-sites-compare/

Julie Haviv, NEW YORK

Foreclosure homes accounted for 31 percent of all residential sales in the first quarter of 2010, with the average sales price of properties that sold while in some stage of foreclosure nearly 27 percent below homes that were not in the process, Irvine, California-based RealtyTrac said.

“In a normal market, only 1 to 2 percent of home sales are foreclosures, so this is certainly a significant level,” Rick Sharga, senior vice president at RealtyTrac, said in an interview.

MORE AT…http://www.reuters.com/article/idUSTRE65T0TY20100630?type=domesticNews