David Cohn - Congratulations Killer!

David Cohn, you ran an absolutely dirty campaign, and you made some impressive claims.  You did not give any details during the election that made any mathematical sense.  You criticized your opponent's rate of return without analyzing the risk exposure of the portfolio, which you as Managing Director at Diamond Capital Partners clearly understands is bullshit.  So now we will see if you were lying.  But either way, it is disgusting that your negative attacks on the incumbent John Workman clearly took their toll.

Daily Breeze - Longtime Hermosa Beach treasurer John Workman dies at 73

We will be watching to see if your election to Treasurer of Hermosa Beach was worth the cost.

David Cohn's Math Homework

A few days ago I asked David Cohn, in a blog post, to give us more information about how he would earn the  City of Hermosa Beach an extra $300,000 if we elect him to be the next Treasurer.  He fleshes this out in his latest glossy junk mail.  He plans to put the money in "Federally Insured Bank CD's [sic] and T-Bills."

Math:
$300,000 is 1.2% of the $25,000,000 Hermosa has banked.
Cohen promises to earn us that $300k over the 0.41% we currently earn.  So he plans to earn us a total of 1.61%.
The highest 1 year CD rate currently offered on www. BankRate.com = 1.15%
The current yield on 12 month T-Bills = 0.10%

So David Cohn plans to earn us 1.61% by using two investments that each earn much less than 1.61% interest.

David Cohn, please tell us your secret!

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Grandstanding City Council Right Here in Hermosa Beach

WARNING - THIS BLOG CONTAINS A GRAPHIC PHOTO OF A CRIME BEING COMMITTED!

This is my favorite picture of the week.  It was taken by me, at Hermosa Valley School, at around Noon on Saturday, October 29, 2011.

What's the big deal, you might ask?  Leaf blowers are illegal in Hermosa Beach.  Not only are they absurdly noisy and polluting, but they blow small particulate matter into the air where it poses a health risk to the user of the leaf blower (like this totally unprotected man pictured above), and to the general public.  In this particular case, I was watching my son's soccer game, so at the scene of this crime, the general public consisted of 6 soccer teams of little kids, their brothers and sisters, and probably a hundred parents and relatives.

Anybody with eyes and/or ears knows that the ban on leaf blowers is 100% ignored in Hermosa Beach.  And what that really means is that it is not enforced at all.  It is a joke law written by grandstanding Hermosa Beach City Councilmen to make it appear as if they care about your health.

I find it ironic that the Hermosa Beach School District openly flaunts this health law.  But the real reason that I bring it up now is that some of our Councilmen are trying to convince us that because they passed a law outlawing smoking outside, that they care about us.  They do not.  They care about our votes in the upcoming Hermosa Beach City Council Election.  If they actually cared about us, they might enforce the leaf blower ban.  I would bet that the one single leaf blower event pictured above negatively impacted the health of the 200+ children and parents at those soccer games more than 5 years worth of passive outdoor second hand smoke that might be absorbed by walking down Pier Avenue.

Thanks for nothing Councilmen Peter Tucker and Michael Divirgilio.

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