Anyone ever tell you that you look like Courtney Love? – See Blurt

225 Pages·2013·60.34 MB·English

VOLUME 34 / NUMBER 28
JULY 14, 2005
OOuurr
PPaanntthheerr
STORY BEGINS ON PAGE 28
Anyone ever tell you that you look like Courtney Love? – See Blurt
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San Diego CA 92186; fax them Wrong Message Carnivores at Home. By Geoff Bouvier.......................................Cover
to 619-231-0489; or e-mail them Comment on “When Shirts City Lights
to [email protected]. Talk,” June30.
Steve Francis ignores the history of risk;
Include your name, address, It’s all fun until some- and City Lights shorts..............................................................................2
and telephone number. Letters thing terrible happens, right? The DA drops a campaign finance investigation...................................3
may be edited for length and I am not prejudging the in-
The Sporting Box
clarity. telligence of the wearers of There will be plenty of pain today.......................................................12
Walton Disservice some of the shirts in the Sheep and Goats
cover story. But, come on,
Thank you for publishing an From Banker’s Hill to the next life.
account of the extraordinary communication is 75percent By Drew E. Goodmanson.....................................................................14
nonverbal message. Don’tbe Once an American prude,
battlefield heroism of John Ask Saffron
Thomas Walton, who ap- surprised when something A lonely dog goes nuts. By Aunt Trudy...............................................16 always an American prude!
unpleasant happens just be- See Blog World, page 215
pears to have lived his life on Best Buys
his own terms, with courage cause a perverted person The pixie cures chlorine-damaged locks.............................................18
takes the meaning of what
and integrity (“City Lights,” Back When
you’re wearing the wrong A D V E R T I S I N G
July7). Suggesting, however, Children, hippies, and kung fu masters...............................................20
way. Shirts with messages like
that his being a stereotypical Crasher Classified Ads
“Lick Me,” “Hug Me,” “Red-
psychologically damaged Girls don’t chew Jell-O.........................................................................22 Antiques & Collectibles.......................212
heads Like It Hot,” “Instant
Vietnam veteran “may have Diary of a Diva Appliances............................................214
been a reason” for his tragic slut, just add alcohol,” and A fabulous, spontaneous adventure.....................................................26 Automotive: Cars.................................220
other sexually provoking Automotive: Trucks/Vans/SUVs........222
death did a grave disservice
messages are really asking for Not Even at Gunpoint Automotive: Classic/Custom Cars......223
to him in particular and to A time of decision and reflection. By Michelle Lara...........................44 Automotive: RVs.................................223
trouble. My advice, please
combat veterans of any war Bum, Bumming, Bummer Automotive: Parts................................223
in general. think before wearing any- Automotive: Services...........................224
The low-budget horror film of homelessness.
thing that might present the Bicycles.................................................212
Hasan A. Benler, M.D. wrong message. By Patrick Daugherty............................................................................46 Business Opportunities.......................180
Vietnam ’68–’69
Archie’s Sphere Career Training....................................177
I saw a Mexican guy wear-
via e-mail A poet makes his mark. By David Lehman.........................................60 Classes/Lessons....................................181
ing an offensive shirt. I also Computers...........................................211
Identical Greed saw another offensive T-shirt The Run Begins Counseling/Support............................186
Kudos to the Reader (“City with an ad for a condom Europe comes down on J. David. By Don Bauder..............................72 Electronics............................................215
Lights,” July7) for their an- wornby one of the Filipino Puzzle...........................................................................................................185 Employment........................................161
Employment Agencies.........................177
nual “oops, we’re offending ushers at St. Charles Catholic Name This Place....................................................................................186 Employment Services..........................177
99.99percent of our readers” Church during a Mass. I Off the Cuff...............................................................................................192 Furniture..............................................216
submission in “City Lights” saw lots of heads shaking in Garage Sales.........................................213
News of the Weird................................................................................211 Health & Fitness...................................184
political eats. According to disbelief on both occasions.
Blog World Massage................................................182
the blurb, both Righty and These people who wore Matches................................................187
(say it ain’t so, Howard!) Lefty these T-shirts may or may Shower at Parisian gym.....................................................................215 Miscellaneous For Sale........................218
politicians are lining up not have fully understood It’s a Crime Motorcycles..........................................220
with upturned palms, eager the message written on Taggers can’t spell..............................................................................217 Music, Equipment/Instruments.........206
Music, Musicians Avail/Wanted.........207
for Indian freebies. their T-shirt, and they may Driven Music, Services.....................................208
Gee, I think my wolf is not be aware of people’s re- Michael Emerson considers the fun-per-dollar ratio......................219 Notices..................................................186
right: the only difference actions to what they were Remote Control King Parent Resources..................................184
between the parties is the wearing. There is a website, The mother’s milk of television........................................................221 Personals..............................................187
Pet Central...........................................197
decibels as they whine and www.engrish.com, which T.G.I.F. Photo....................................................211
howl at the perceived injus- caters to this issue, but it is Babies smell like P.U..........................................................................223 Real Estate, Condos.............................205
tices to their own self-in- not limited to T-shirts or C A L E N D A R Real Estate, Houses..............................204
Real Estate, Miscellaneous...................206
terests. Can you say “mir- clothing. It covers improper
Rentals, Commercial...........................191
ror image”? application of the English Local Events................................................................................................85 Rentals, Apartments/Condos..............194
D. Meyer language in foreign coun- Rentals, Houses....................................192
Roam-O-Rama
via e-mail tries. But these people have Down a creek, up a chimney................................................................90 RReonotmalm Seartevsic..e.s............................................................................119819
a good excuse— English is
Unwanted Fluff Poetry Services Directory................................190
With so many more impor- foreign to them. Since I was Two by Stephen Dobyns.......................................................................96 Sports....................................................210
an immigrant too, I do not Stage Notes...........................................185
tant items to write about, Reading Tickets..................................................210
claim to be able to write and
you chose a lead-off article Denice Stephenson: Dear People: Remembering Jonestown.............100 Travel & Getaways...............................187
understand perfect English,
called “When Shirts Talk” Classical Music Guide.............................................................103 Wanted/Trade......................................212
but I try very hard to con- Wedding/Party Guide.........................185
(June30). You are not work- vey/understand the correct Art Museum and Gallery Guide............................................104 Display Ads
ing hard enough for hard-
meaning of what I am writ- Theater Review and Guide
hitting articles. What I love Apartment Rentals...............................198
ing, reading, or wearing. Shakespeare’s twin twins...................................................................105 Automotive..........................................207
about the Reader is the fact
Jose V. Arellano Pop Music Career Training....................................174
that you are not shy about Getaways................................................85
hitting the reader with some- via e-mail Blurt....................................................................................................110 Great Escapes.........................................86 Sa
thing that makes them think Jacqueline’s iPod changes her mood................................................114 Health and Beauty.................................56 n D
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ference in this world. This hitting the nail on the head Frugal Tongue’s gut cries out for breakfast......................................141 Music....................................................206 der
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0
think the Reader should continued on page 84 5 1
C I T Y L I G H T S C I T Y L I G H T S C I T Y L I G H T S
stock buybacks,even when they
An archive ofCity Lights stories can be searched on the Internet at SanDiegoReader.com Smart on Paper appear to be used judiciously.
Companies claim that they buy
Going bye-bye Staffers loyal to former San siderations.“They wanted cash,”says Roberts.“I fig- back stock “to send a signal to
Diego Unified superintendent Alan Bersinare ured I might get 50 percent [profit in a real estate By Don Bauder the marketplace that there is
quickly following him out the door.District flack deal] in a couple ofyears;that would be better than M some value to the company
ayoral candidate Steve Francis wants
Peri Lynn Turnbullis head- the 10 percent I might get in the market.” that maybe the market is not
ing over to the Red Cross to The records also show that Copley rearranged to introduce business techniques to seeing,”says Swaminathan
work for Veronica “Ronne” his corporate house a bit before going under the Badrinath,a professor offinance
city government.Uh-oh.That may mean
Froman,a retired admiral knife last month.On May23,his lawyers filed with at San Diego State who has
and onetime Bersin finan- the California secretary ofstate to shut down an out- hocus-pocus — financial engi- back so much stock,“an insider written with Varaiya about buy-
cial lieutenant whom may- fit called Kaboom,Inc.,which had been incorpo- neering.Since going public in bailing out would not be a good backs.
oral hopeful Jerry Sanders rated less than three weeks before,and set up Ka- 2001,the company Francis signal,”says Nikhil Varaiya, But trying to signal that the
says he would hire as his top boomII,LLC,described in the registration state- cofounded,San Diego–based chairman ofthe finance depart- stock is underpriced can be a
aide. Departing district ment only as “a holding company ofLLC interest.” AMN Healthcare Services,has ment at San Diego State Uni- euphemism for reducing the
Scott Himelstein lawyer Ricardo Sotois head- In view ofthe death ofhis mother last August and his been inflating its earnings per versity.Varaiya has written number ofshares to jack up
ing north to work for Bersin, own poor health,speculation has swirled about the share by buying back its stock extensively on corporate-stock earnings per share in order to
now state secretary for edu- ultimate fate ofthe newspaper chain Copley con- with borrowed money. buybacks.I did not tell him the artificially run up the stock.
cation under Governor trols.Rumors abound regarding whether at least Savvy market analysts cock name of the company I Managements are “manipu-
Arnold Schwarzenegger. some ofthe small publishing empire might eventu- an eyebrow at such pencil push- lating the price ofthe stock,”says
P
Scott Himelstein,47,presi- ally have to be sold offto pay death taxes. ing.They would prefer to see H Dennis Muckermann,a retired
O
T
dent ofSan Diego READS,a earnings per share grow because O San Diego money manager
G
Bersin-backed effort to col- Branding iron San Diego city councilman of improving business,not RA who handles money for some
P
H
lect used books and cham- Jim Madafferhas dispatched an e-mail to his con- financial finagling.But rev- B private investors.
Y
pion the ex-superintendent’s stituents in which he attacks San Diego State Uni- enues and earnings ofAMN JO “All these MBA schools are
Leslie Fausset pSaetc rparmojeecnttso,.isH aels’os tghoein nge two v“Serosmitye tahnidn git ss tcroanntgreo vise rhsaiaplp deenvienlog pomn eMnto anctteivzuitmiesa. —fes swiohnicahl sp,lamceasi hnelyal tnhucarrsee sp,roin- E KLEIN tsuayrns iMngu ockuet rfminaanncnia.“l Tenhgei nteemerps,”-
deputy secretary and Bersin’s chiefofstaff.Karen Mesa at SDSU,”he says.“There are two issues that res- temporary positions — have tation for these young wise
Heinrich,Bersin’s longtime personal secretary at the idents both north and south ofthe University are been going south. guys is to take on a lot ofdebt
school district,is deputy chiefofstaff. up in arms about.They are The Paseo project and the The share buybacks almost and buy stock back.There might
According to tax filings for the 12 months end- University Master Plan Expansion that includes im- certainly kept AMN’s stock be some increase in earnings per
ing June 2004,the most recent available,San Diego pacts to Adobe Falls and Alvarado Road.… In fact, price from going down further share,but since they are young
READS paid Leslie Fausset,currently the district’s sadly,there are some rather influential supporters of than it did when the company’s and inexperienced,they don’t
acting superintendent,a $63,452 consulting fee. SDSU who simply dismiss community concerns as business went on the skids after Steve Francis understand the concept ofrisk.
Himelstein himselfcollected $88,412 in salary and NIMBY (Not In My Back Yard) excuses.”According peaking in 2002.This levita- It may look smart on paper
$19,851 more in benefits.In all,San Diego READS to the memo,a power struggle over the Paseo,a gi- tion permitted Robert B.Haas described. but may not be smart in reality.”
paid out more than $360,000 in salaries and another ant commercial development project,is going on — the Texas financier who with David Allen of North Companies insist that they
$278,000 for “contracted services,”along with between SDSU and the non- his associates controlled 46 per- County’s Palomar Equity are not buying back shares to
$22,780 in travel.It made only one grant— $10,000 profit foundation it ostensi- cent ofthe stock — to dump Research,who was told the boost their stock price,but the
to the Lemon Grove School District for a “literacy bly controls.The project is all his shares in late May at over name ofthe company,agrees. claim is belied by history.A
campaign”— and ran up a total of$1,218,828 in run by Frederick Pierce,ex- $13 each.He had been jetti- Haas’s dumping ofall his stock rash ofbuybacks followed the
expenses.The nonprofit received $1.3million in do- president ofthe city’s scan- soning them during the stock “does not seem to be an awfully continued on page 6
nations from unidentified sources.Himelstein’s new dal-ridden retirement fund. buyback periods too.Haas had strong endorsement ofAMN
state job pays him $118,000.… Democratic mayoral “The University intends been chairman ofthe board;on Healthcare,”says Allen. Contact Don Bauder
candidate Donna Fryehas collected the endorse- to change the project from June 10,he stepped down from In common with many at 619-881-2395 or
ment ofDemocracy for America,a political action being run by the SDSU the board entirely. investment professionals,Allen [email protected]
committee founded by Democratic National Com- Frederick Pierce Foundation (which has a After a company has bought has strong reservations about
mittee chairman Howard Dean.“Democracy for wonderful relationship with
America stands ready to help Donna Frye,and the the community for fulfilling its promises,addressing Neal Obermeyer
other stars ofthe DFA-List,”writes Dean’s brother mitigation and answering community concerns) and
Jim,who now runs the group,in a fund-raising let- instead replace it with the University itself.”Madaf-
ter on its website. fer also asserts that university officials have misrep-
resented their true intentions:“The University is con-
David’s deal Union-Tribune publisher David tent to give community folks what I call ‘happy
Copley,who has long battled coronary artery dis- spin’— basically telling people the Foundation will
ease and recently ended up with a new heart,has of still ‘run’the project in the hopes residents might
late been adjusting his real estate portfolio.In April feel good and just go away.Ifthey are so intent on
he sold ten separate Borrego parcels totaling 590 running things,at minimum there needs to be an
acres to fellow La Jollan Norm Roberts,84,a wealthy oversight committee between the Community,Uni-
veterinarian,investor,and onetime national cochair- versity and the Foundation to assure the project is as
man ofRonald Reagan’s presidential campaign,for promised:a non-SDSU branded project adjacent to
a grand total of$861,500.“I don’t know what I am the University.…”
going to do with it,”Roberts Madaffer concludes with a threat:“Unless these
says.“I bought it because it issues are addressed,there is no way the community,
5
0 seems too cheap,and I don’t the City and the Redevelopment Agency will deliver
0
2
4, like the stock market partic- land and $26.5million in subsidies only to watch
1
y ularly right now.”The land is the University once again breach its commitments.”
ul
derJ adjacent to Anza-Borrego — Matt Potter
a Desert State Park, and
o Re Roberts says he might donate The Readeroffers $25 for news tips published
g
Die or sell some ofthe land to the in this column.Call our voice mail at 619-235-
an David Copley state,depending on tax con- 3000,ext.440,or fax your tip to 619-231-0489.
S
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C I T Y L I G H T S C I T Y L I G H T S C I T Y L I G H T S
P
H
Their Interests Are OT
O
G
R
A
Interlocked PH
S B
Y
JO
TBy Joe Deegan E KLEIN
he Jerry Sanders campaign website cur-
rently touts a favorable poll conducted
by national pollster Fairbank,Maslin,Maullin
and Associates.A link on the made me the man.”Stutz took
site says that the Sycuan Band a look for himselfat the sec-
of the Kumeyaay Nation retary ofstate’s records.And
“released”the poll as an inde- there he saw not only the
pendent survey. money that went to Horn but
This information did not $15,000 Sycuan said it donated
surprise Dave Stutz. In to Bill Kolender’s reelection
September 2003,when he campaign for sheriff.“So I
was a deputy district attor- called Competitive Edge to
ney,he investigated Sycuan’s see the bills,”he says.The
campaign contributions in president of the company
the 2002 election cycle.Stutz, referred Stutz to the company’s
who retired from the district lawyer,who said he would
attorney’s office a year ago, not release the information.
cut his teeth in campaign law “ ‘You can’t tell the district
enforcement in the late 1960s attorney you won’t answer Dave Stutz
when,as a federal agent,he questions,’”Stutz says he
investigated the political replied.“ ‘We’ll find a way to used by two San Marcos city practice in political campaigns you,the corporation,pay for jury,which eventually pro-
money scandals of C.Arn- make sure you do.’ council candidates and one in San Diego County,he says. a poll and give it to the polit- duced a report.But in the
holt Smith,John Alessio,and “One day I called Sycuan mayoral candidate.Home The coordinator in the San ical consultant for your can- meantime,Stutz retired from
Yellow Cab. and asked a tribal vice pres- Federal supported Mark Roz- Elijo Hills case,he maintains, didates,it’s the same thing as the district attorney’s office.
Sycuan’s activities in the ident,Adam Day,about the mus,Pia Harris-Ebert,and was political consultant Tom making a contribution.Except Several months ago he called
2002 election were brought to $15,000 check to Kolender. Michael Sannella,politicians Shepard.Shepard not only that you’re saying it’s inde- his old colleagues in the depart-
Stutz’s attention by a friend ‘That would be in excess of who favored a higher build- promotes development pro- pendent,and it’s not inde- ment to ask how the investi-
in the registrar ofvoters office. what the law allows you to ing density on Home Federal’s jects for Home Federal but pendent.And since the money gation was going.He was told
Examining California secre- donate,’I told him.‘Oh,it 1920-acre residential devel- also managed the Rozmus, exceeds campaign-contribu- that it had been dropped again.
tary ofstate records,the friend must be a mistake;I’ll get opment,San Elijo Hills. Harris-Ebert,and Sannella tion limits,it’s a crime.Well, “But the grand jury report
noticed that Sycuan had back to you,’Day said.That “I am not antidevelop- campaigns.
donated $8000 to San Diego was eleven o’clock in the ment,”Thibadeau tells me by “But my complaint to the
County supervisor Bill Horn. morning,”says Stutz.“Two phone.“But I did fight the district attorney’s office didn’t
get far,” Thibadeau says,
“because they told us that we
didn’t have strong enough
penalties on the books in San
Marcos to make pursuing the
case worthwhile.”
But Dave Stutz never
entirely abandoned the cam-
paign cases.“The problem is,”
he says,“that going over cam-
paign-contribution limits is
only a misdemeanor.But con-
spiracy to break campaign
laws is a felony.Up in San
Jerry Sanders Bill Horn Bill Kolender Marcos,Tom Shepard had a
client who is Home Federal.
“You can only give $500 to a hours later I got called into way the one huge developer Tom Shepard also has three
candidate in a county elec- Bonnie Dumanis’s office and ofSan Elijo Hills was throw- people running for office who From Jerry Sanders for Mayor website
tion,”says Stutz.“So when was told to stop the ing its weight around in our are clients.So right now the
my friend called Sycuan and investigation.” community.The day after the triangle is Home Federal,Tom that’s what they did.” is still there in the office,”says
told them their donation was At this point Stutz was also 2002 election,so it wouldn’t Shepard,and the politicians Stutz says that in the spring Stutz.
illegal,they said they made a looking into a political-cam- seem only like campaign running for office.Their inter- of2003,he and several other Tom Shepard is currently
S
mistake.The next day they paign complaint that San Mar- rhetoric,I complained to the ests are interlocked. people in the district attorney’s managing the Jerry Sandersa
n
filed an amendment,and now cos councilman Lee Thibadeau district attorney’s office about “When a candidate runs office persuaded Bonnie campaign for mayor.When I D
ie
the $8000 didn’t go to Bill had filed with the district how the developer’s candi- for office,one ofthe first things Dumanis to reconsider the told Stutz about Sycuan’s Fair-go
R
Horn,it went to a pollster attorney’s office.Thibadeau dates benefited from the so- he needs is a poll,”Stutz con- investigation into Sycuan’s bank,Maslin,Maullin andea
d
named Competitive Edge.” alleged that Home Federal called independent expendi- tinues.“Can I win,and ifso, excessive contributions to the Associates poll on the Sanderser
Ju
“I was the district attorney’s Corporation had spent more tures that purchased the polls.” what are my strengths,what Kolender and Horn campaigns. website,Stutz remarked,“Twoly
1
investigator for campaign than the city’s $3000 cam- What Thibadeau calls are my opponent’s weaknesses? To look into those cases and to one it will show up [in4
,
2
law,”Stutz continues.“Bon- paign-contribution limit to “independent-contribution Standard stuff,but expen- the similar one in San Marcos, Sycuan’s reporting] as an inde-0
0
5
nie Dumanis got elected and pay for Competitive Edge polls coordination”is a common sive — $10,000,$15,000.If Stutz then convened a grand pendent expenditure.”■ 3
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a OFFICE
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C I T Y L I G H T S C I T Y L I G H T S C I T Y L I G H T S
Smart on
There s a new dog in town!
ing to buy back shares,it defeats Sometimes,a company buys
paper this purpose.“Ifthe purpose is back its stock “because ofpres-
to return excess cash to share- sure from some key share-
continued from page 2 holders,why borrow money holders who want the price of
stock market crash of1987 and to do it?”asks Badrinath. the stock higher,”says Varaiya.
9/11,after which there was a con- Running up the price ofthe All these factors may have
certed effort to prop up the stock is often not the only dubi- been at work in the AMN buy-
market. ous motivation for buybacks. backs,which are startling in
Most companies doing buy- The largest shareholders “are two respects:the magnitude
backs say they are distributing using other people’s money to ofthe buybacks and the mag-
excess earnings to investors, increase their own percentage nitude ofthe debt taken on.
who can enjoy the stock surge ownership,”says Muckermann. When AMN went public in
that theoretically should occur. “As they increase their own 2001,Haas and his associates
When a company doesn’t dis- percentage ownership,they are controlled 26.5 million shares,
tribute money it has lying able to play even more finan- or 65 percent ofthe stock.Fran-
around but resorts to borrow- cial games.” continued on page 8
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Includes labor only, parts additional. Includes labor only, parts additional.
• NOT AN AUTHORIZED SONY DEALER INSTALLED Installation charges not included in sales price. NOT AN AUTHORIZED KENWOOD DEALER INSTALLED
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InNcOludT eAsN la AbUoTr HoOnlRy,IZ pEaDr tSs OaNddYi tDioEnAaLl.ER. INSTALLED CELAERCST RMICUI SnDTcO BluOEd EReQ sL UOlaIPCbPKoESDr o Wn/lyFA, CpTaOrtRs Yadditional. INSTALLED Includes lab*WoCIArT HoR n FMlAyUC, STpTO aBRrEtYs E aLQOdUdCIiPKtPioSEnDal. INSTALLED pInacrlutsd aeds dlaitiboonra ol.nly, INSTALLED
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•• XOMV-EDRI R1E3C0T D XIMGIDT-A1L0 C0H0A •N ANNELTSE NONFA M IUNSCILCUDED $79 A1LL4 FO9R $119
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Installation charges not included in sales price. WITH BUILT-IN CROSSOVER included in sales price. NOT AN AUTHORIZED SONY DEALER. NOT AN AUTHORIZED SONY DEALER.
SONY NEW! NEW!KENWOOD KENWOOD 400W PAIR SONY 12˝ SUBWOOFER NEW!
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HIGH 2-CHANKANCE-L7 251 W8A0T0TS SONY Instanlolat tisinoacnlle ucsdh epadrrig cieens. •• D4-ELEAPY BEAR SVS O• I4C EO CHOMISL HIGH
••• 2BCU LCAILHSTAS-I NNDN CRERALOTESDS OPOVEWRESR AMP PW1O1AW0TTE0SR PAWOMITWPH ER NKOETN WANO AOUDT HDOEARLIZEERD XS-F1622 NEW! NEW! KFC-$M639209 XSL1200B PWO8AW0T0TESR San
(cid:2)K80I5CE(cid:3)n5L5s0A2At4aI0RlBRlEaAM➦tLiNOBoNNOnYTO Ac ➞hMRaM ETYOV NOCrU(ngnSeHioxeEAnt ds BoB aSonnLrk)(cid:3)oV1A6t D 3i.nclude(dS8A OiUnNNT K55YHsOa ODTl0 eeREA8AsINZ 4LEapED)rRi 0cr e7. nC1y$o5 9Mn-3ve9o9sya28IBC•n UsR8taOIL0llTaS0-tSIio NOWn VcAhEaTRrTgSeSs noFt Oirnicdlpudaeedyn in s&eale vsS eparircteyuA. rdTdaM$ayy8, 9M9 oanmd-a7y iI6nn-pc1sT/lt2umah˝d lSleauPd.tEi roAinsSnK dsucEahRlaaneSrs g•yd ep 2sr ai c61ne0oy.0t W 9AaT TmaSm-7$- 52p mp9m. NASOOUNTTH YAO DNREIZAPELADEIRR. AKUENDTNHOEWAOT LORAEIORNZE(DD 6Ins6NnaoOsl1te4tS TaCi OsnAl lNpc95NalrYhu tiAi cd oD)UeeBnEuT.d HA c OL4hirElnaRRarI.oZ2gEe DsaV2di-$0swt36aa4y94 (cid:2)850C5H•UBROADWAYNLOJA➥H SR ST6TV4RTH5REISEEETTT(cid:2)A805 Diego July 14,2005Reader
Prices reflect cash discounts. Quantities limited to stock on hand. Rain checks available by request for any out-of-stock items. No dealers, please. We are not responsible for misprints. 7
C I T Y L I G H T S C I T Y L I G H T S C I T Y L I G H T S C I T Y L I G H T S C I T Y L I G H T S
Smart on
side investors paid $15. backwards.Revenues dropped to buy $100 million worth of lion ofdebt to buy back 15.15 million shares outstanding.In
paper As in most initial public from $775.7 million in 2002 its stock.It spent $73.7 million million shares.In its 2003 annual March of2004 it had 28.12
offerings,the stock rose,then to $629 million last year,as to buy 5.15 million shares.Then report,the company reported million shares.
continued from page 6 fell.The stock leapt above $37 earnings tanked from $52.4 in October of2003,the com- $138.9 million ofdebt,up from The average stock buyback
cis had 1.2 million shares with in 2002 but then fell to $13 that million all the way to $17.3 pany made a tender offer for 10 zero in both 2002 and 2001. is 5 percent.AMN bought back
a slug ofoptions to buy more. year as it became evident that million. million shares.It borrowed AMN had eliminated debt with more than 35 percent.“That’s
Insiders received shares in the things wouldn’t be so rosy.Sales In November of2002 the $145 million to do so.Thus, its 2001 initial public offering. a lot,”says Badrinath,who had
offering for $4.09 each;out- and earnings began reeling board authorized the company the company took on $145 mil- In March of2002 it had 42.2 not been told the name ofthe
company.Debt went from zero
f l g percent ofthe company’s total
capitalization in 2002 to 52
ree egal uide
percent in 2003 and 41.5 per-
■extension 1012■
medical malpractice cent last year.This year the debt
Sponsored by has been reduced to $92.5 mil-
call 619-233-9797 night or day 7 days a week Julia Haus, Esq. lion.Allen predicts that it will
Haus & Associates take five years to wipe the debt
at the prompt press the 4-digit extension of the category that interests you. 402 West Broadway offthe balance sheet.
or visit our web site: sandiegoreader.com⁄legal Suite 1230, San Diego From the time ofthe pub-
619-234-1100
lic offering,Haas and his col-
leagues had been selling their
■extension 1000■ ■extension 1001■ ■extension 1005■
personal injury criminal law family law 40 failure to diagnose properly stock,cutting their sharehold-
41 ob-gyn negligence
Sponsored by Sponsored by Sponsored by 42 psych⁄sexual abuse ings in half,but by spring of
Julia Haus, Esq. Douglas Holbrook William M. Henrich 43 surgical negligence this year,they still controlled 46
Certified Specialist, Family
Haus & Associates Holbrook & Law, the State Bar of California 44 object left in body percent ofthe stock because
402 West Broadway Bloomfield Board of Legal Specialization 45 hospital negligence ofthe share shrinkage.Then
4849 Ronson Court
Suite 1230, San Diego 4025 Camino del Rio S. San Diego 46 nursing home negligence in a secondary offering in late
619-234-1100 Suite 300, San Diego 858-576-4484 47 dental negligence May,the financiers jettisoned
619-232-2020
all their stock,more than tripling
70 auto accidents 20 when do i need an attorney? 60 divorce - an overview their money.
71 macoctidorencytcsle⁄ truck ⁄ pedestrian 21 what if i’m wrongly accused? 61 what will it cost? ■extension 1004■ Thanks to stock options,
72 wrongful death 22 should i answer questions? 62 child support - how much? workers’compensation Francis now has 3.2 million
75 slip and fall accidents 2234 mcouusltd i is urebsmisitt taon aa rsreeasrtc?h? 6643 cmhiloiotsairnyg f aa mpairlya lisesguaels Afanlsye poerr fsroanu dwuhleon mt makaetse roira lc satuasteesm teon bt eo rm madaete arniayl knowingly shares.He got 48.3 percent of
76 product defect liability 25 what if i fail to appear? 65 preparing for divorce rceopmrpeseennstaattiioonn b feonr etfhites pourr ppaoysme oefn tosb itsa ignuiniltgy w oof rak feerl’osny. the options granted at the time
77 professional negligence 26 can my records be cleared? 66 mediation and therapy Sponsored by ofthe public offering and 22.25
27 alcohol,drugs,high crimes 67 wills and trusts The Law Office of percent last year.That’s a top-
Gerald D. Brody & heavy distribution ofoptions.
Associates
AMN stock has been trading
■extension 1017■ 3465 Camino del Rio S.
business law ■baexntkenrsuiopn t10c0y2■⁄credit law ■extension 1003■ Suite 440, San Diego aarroe uonnde- $th1i6r.dA wnhnauta tlh eeayr nwienrges,
Sponsored by insurance claims 619-528-9800
Sponsored by but the stock is trading above
DAsasvoicsi aLtaews D38e0 bSotervaehn sL A. vRenauye mond STphoen sLoraewd bOy ffice of 5501 ywoourrk werosr’kc-ormepl abteende finitjusry its lows ofprosperous 2002,
380 Stevens Ave. Suite 205 Robert Bruce Arnold 54 third-party accidents thanks to the share shrinkage.
Suite 205, Solana Beach Solana Beach & 2329 India Street 55 unsafe working conditions The company refuses to be
858-793-1220 San Diego San Diego 56 wrongful discharge interviewed on the topic.
e-mail: rdavis@ 858-481-9559 619-233-1096 57 harbor & longshoreman’s act The buybacks were “an
sandiegobusinesslaw.com www.arnoldlawoffice.com exceptionally shareholder-
30 what is chapter 7 bankruptcy?
90 business formation 31 what is chapter 13 bankruptcy? 40 insurance bad faith friendly action,”says an ana-
91 corporations 32 can i keep my property? 41 duties of insurance co. lyst for Morningstar,Inc.,the
92 partnerships & limited 33 discharging taxes 42 first party claims ⁄ health ⁄ ■extension 1015■ stock-rating firm.Three ofseven
9932 lbiuasbinileistsy p cuormcphaansieess & ⁽l slaclse⁾s 3354 cinraecdcituorra thea crraesdsmite rnetporting 43 utimm ⁄e u limim ⁄ iatusto ⁄ property swerxounagl fhualr taesrsmmeinnatt⁄ion analysts who follow the stock
94 contracts 36 can my credit be corrected? 44 disputes with insurance co. Sponsored by consider it a buy,according to
95 trademarks & service marks 37 my rights as a creditor 45 dept.of insurance help line The Law Offices of Standard & Poor’s,which is
96 securities & stock sales 46 do i need an attorney? Joel C. Golden neutral on the stock.But the
Old Town Professional bullish analysts are probably
Bldg.2356 Moore Street not concentrating sufficiently
■extension 1018■ Suite 201, San Diego on the balance sheet debt or
■soexctieanslio sne 1c01u9r■ity and employment ⁄ labor law ■extension 1010■ 619-246-8449 the sell-offby the Texas financiers.
disability Sponsored by immigration AMN has 30 percent ofthe
Sponsored by Laturno & Graves Sponsored by 70 sexual harassment so-called traveling nurse mar-
Anthony J. DeLellis San Diego John A. Quinn 71 discrimination ket.So does a competitor,Cross
& Associates [phone] 3444 Camino Del Rio N. 72 wrongful termination
1545 Hotel Circle South Escondido Suite 200, San Diego 73 executive termination Country Healthcare.Wouldn’t
Suite 130, San Diego [phone] 619-284-8811 74 whistleblower-retaliation it have been wiser for AMN to
619-278-0900 www.laturnograves.com Fax: [phone] fraud against the u.s. amass that debt to put in a bet-
government ₍false claims act₎
www.delellis.com 10 administrative hearings 76 legal fees ter computer system,or increase
the pay ofits traveling nurses,
11 employee handbooks ⁄ policies 20 ways to be legal
20 overview of social security
21 filing a claim 12 employment agreements 21 spouses & children or in other ways make itselfa
22 retirement benefits 13 hostile work environment 22 business visas better company?
05 23 survivorship benefits 14 non-competition agreements 23 employment visas The machinations have
0
y 14,2 2254 lfaummipl ysu rmel daetaiotnhs bheinpsefits 1156 wseavgeer aanncde h aogurreements 2254 icnhtaenrgniantgi o&n eaxlt setnuddienngt vsisas Tinhfoe ramttaotrinoeny as raen sdo llealwy rfiersmpso nwshibol ep rfoorv iidtse cthoinstent. hReealpdeedr’ sF Mraanttc Piso pttoerli rtiecpaollryt.s Tthhaet
Jul 26 disability benefits 26 visa denials & deportation This information does not address all legal situations, Haas,Haas’s Dallas partner,six
ader 27 hiv as a disability nporor viisd ietd i nfrteene,d aedlt htoo urgehp liafc cea llelignagl fcrooumn soeul.t lIyti nisg areas major shareholders and officers,
o Re you may incur toll charges on your telephone bill. and the company’s Connecti-
g
Die cut-based securities lawyer gave
n the maximum $300 to the Fran-
a
S
8 cis campaign.■
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