Posts Tagged ‘interest’

New Warriors Arena to be Slightly Lower, Assuming It Gets Built in the First Place – Artist’s Conception

Tuesday, November 12th, 2013

So, unlike the disastrous America’s Cup and 8 Washington campaigns, the Golden State Warriors project is based around stuff that San Franciscans can actually benefit from.

So that’s a good sign.

Remember, the more you complain now, the better this deal gets for San Francisco. You the public are the bad cop and genial SFGov figurehead Ed Lee is the good cop. And of course the good cop won’t be able to get the best deal possible for San Francisco without the bad cop.

If Ed Lee doesn’t like this game, then he can just retire, right? Or go back to his old job the way he promised to in the first place, right?

It’s too bad that Oakland will lose its team.

Oh well.

Golden State Warriors Modify Semi-Publicly-Financed Arena Proposal – Say Hello To My Little Friend!

Sunday, May 5th, 2013

Well the announcement is officially coming this AM, but Messrs. Matier und Ross already have the skivvy on the brand-new, slightly-more-NIMBY-friendly proposal.

And, here, check the latest illustrations.

From the former proposal, a silvery looming UFO with kayak access…

…to the new proposal, a slightly lower silvery looming UFO without kayak access:

So Warriors, take that 13% rate down to 3% and then you might have something, you might have a privately-financed stadium deal.

Now let’s review our waterfront proposals.

The America’s Cup deal was poorly-negotiated on purpose so we could pay for Larry Ellison’s ego trip. It’s an ongoing travesty.

And 8 Washington is corruption.

But this here arena proposal seems OK fine to me, more or less.

I’ll now invite the rich, property-owning NIMBYs of SoMA to move to Fairfield, where 15% of the houses are in foreclosure.

So the Golden State Warriors are Inviting Random San Franciscans to Ask Them Questions? Yes – Big Conference Call Tonight

Monday, November 12th, 2012

So there I was feeding Pendragon and Tatsu yesterday (Veteran’s Day 2012) when I get a robocall at 7:07 PM* from Your Golden State Warriors basketball team, Caller ID 888 479 4667.

Appears that I’ll need to opt out to avoid getting another call at 7:00 PM tonight (a national holiday, Veterans Day 2012, observed) that’s going to turn into some big conference deal where I, yr obdt srvnt, will get to ask Management “any question” I want!

1. My first question will be this:

You motherfuckers want to charge us a 13% rate of return, guaranteed, on the new taxpayer-subsidized waterfront stadium deal? WTF? Isn’t that nuts? Isn’t that kind of shady?

San Francisco Multi-Purpose Venue Project on Piers 30-32 and Seawall Lot 330 Findings of Fiscal Responsibility and Feasibility

“As presented in the Conceptual Framework, no public monies will be used to fund any portion of the multi-purpose venue or any other structure. The rehabilitation of Piers 30-32 will also be privately financed by GSW. The City will reimburse GSW for the infrastructure improvements to the Pier, which will remain in City ownership, up to $120 million with a 13 percent annual return on costs.”

Follow-up: What other Easter Eggs do you have hidden inside this deal, SFGov / Golden State Warriors? And does Willie Brown get a piece of the action, like with the wasteful and expensive Central Subway? Or like with Rose Pak and 8 Washington? Or like with Thomas (“Coates Likes Boats”) Coates and the America’s Cup financing boondoggle? Or like with Ron Conway and the corrupt Twitterloin? I mean, who’s profiting off of this public private partnership?

2. My second question will be this:

Do you promise not to allow Larry Ellison to ever ever ever be involved with the new stadium deal?

Let’s get that in writing, why not. I mean, I think we’ve had enough of that deadbeat wanting us to fund his hobbies, am I right Warriors Fans? That America’s Cup is costing us eight figures, which is money that Larry Ellison should reimburse us for, like right now, the deadbeat.

3. My third question will be this:

Is Casey on the line?  

Or Karlee or Amira? You know, somebody who’s a veteran Warriors Girl. No rookies please. And then I’ll have a bunch more inquiries about what it’s like to be a WG in the 510.

Oh, wait a second, I’ll be at the office,** so your call just might go to VM, Warriors.

Oh well.

*The 20th hour of the 11th day of the 11th month. Do you make all your spam calls on national holidays, GSW? Do you pay your robocallers, you know, a little extra for working evenings on a Sunday / national holiday? I hope so. 

**Do I have the day off? No. Do I get paid extra for working on a national holiday. No. Oh well. Poor Pendragon. Poor Tatsu.

Will the “PayDayPlus SF” Program be a Better Place to get a Loan Against Your Paycheck? Yes!

Monday, December 14th, 2009

From Mission Mission, the website so nice they named it twice, comes word of the new PayDayPlus SF program. The upshot: If you ever need money before your paycheck comes, you can get an emergency loan from a San Francisco credit union instead of a regular payday loan place:

“Sold to consumers as short-term relief during a cash crunch, pay day loans carry interest rates of over 400 percent and catch working people with a steady source of income in a long-term debt trap. On December 17th at 11:30am, San Francisco City leaders, in partnership with local credit unions, will help relieve this burden on hardworking San Franciscans by launching PayDayPlus SF, a low cost emergency loan available to City residents at 13 locations.”

Does the Money Mart at 7th and Market actually charge more than 400% interest when it gives you a payday loan? No se, but I’m betting you’ll get much better terms from PDP SF.

IMG_0561

A lively late-night scene in Mid Market.

Mark your calendars for Thursday, December 17th, 2009 – that’s the day we’ll get all the deets on PayDayPlus San Francisco.

How will it compare with this outfit from down south or the Check-Cashing King of the Mission? Stay tuned….

Springing the Debt Trap — for San Franciscans and Californians

Launch of PayDayPlus SF Followed by a Panel Discussion

Sold to consumers as short-term relief during a cash crunch, pay day loans carry interest rates of over 400 percent and catch working people with a steady source of income in a long-term debt trap.

On December 17th at 11:30am, San Francisco City leaders, in partnership with local credit unions, will help relieve this burden on hardworking San Franciscans by launching PayDayPlus SF, a low cost emergency loan available to City residents at 13 locations. and Mayor Gavin Newsom, stay to participate in a community conversation about PayDayPlus SF and learn how you can spread the word to San Franciscans about this new low cost loan to help weather tough economic times. You will also learn more about the problems caused by conventional pay day loans and how your organization can help push for proposed financial empowerment solutions that are moving forward in Washington, DC and Sacramento.

A community conversation following a joint press conference with City Treasurer José Cisneros

Participants
José Cisneros
City Treasurer of San Francisco

Paul Leonard
California Office Director, Center for Responsible Lending

Luis Granados
Mission Economic Development Association

Olivia Calderon
Legislative Director, California Asset Building Program, New America Foundation

Steven Stapp
President and CEO, San Francisco Federal Credit Union

Anne Stuhldreher
Fellow, California Asset Building Program, New America Foundation

The Kids in San Francisco Think Ben Bernanke is a Big Fat Zero

Friday, March 27th, 2009

This tattoo’ed youth seen in the Civic Center area of San Francisco appears to have had a football jersey custom made in order to criticise Ben Shalom Bernanke, Chairman of the Board of Governors of the United States Federal Reserve and the fourth most powerful person in the world per Newsweek.

Either she thinks he’s a big fat zero, or she’s calling for zero percent interest rates, or something like that.

Poor Ben Bernanke!

The full list of the most powerful people in the world, complete with arbitrary groupings, after the jump. Joe Biden and his fans should avert their gaze…

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