Police-Fire Pension Fund Losses Total Almost $200M. The board that oversees the retirement money of Dallas cops and firefighters got details of the bad news in a report on Thursday. In venturing into speculative real estate investment, the fund lost $196 million in recent years. That figure includes $90 million on tracts in Arizona and Idaho, $46 million on Napa Valley resorts, and $60 million on luxury homes in Hawaii and elsewhere. Even as real estate values plummeted and the losses mounted, in 2012, fund administrator Richard Tettamant received $78,300 in incentive pay and a $25,000 bonus on top of his $270,000 salary. One consulting company on the failed Napa projects has also been paid $3.6 million. Tettamant, you might remember, was removed from his gig earlier this year.
Man Trapped Beneath DART Train. He fell onto the tracks just as the train was pulling into the station. Fortunately emergency workers were able to free him from where he was pinned, and he’d suffered only a broken arm and some cuts. It could’ve been much worse.
Report Places Blame For Firefighter’s Death. The widow of Stanley Wilson, the firefighter who perished in a six-alarm blaze last year, released the findings of the investigation into the incident. The state report faulted commanders’ assessment of the fire before sending several men, including Wilson, back into the collapsing condominium building.
Madison High Basketball Coach Officially Fired. Roderick Johnson was one of 15 coaches and administrators dismissed in June by Dallas ISD Superintendent Mike Miles following a recruiting scandal that caused the school to be stripped of its state championship. On Thursday, a hearing confirmed the termination. Meanwhile some of the others who lost their jobs have instead been given the option of resigning.
The Governors Rick Dine at Mi Cocina. Texas Gov. Perry and Gov. Rick Scott of Florida on Thursday both attended a fundraiser at the Highland Park Village offices of Republican Party national finance chairman Ray Washburne and then sauntered across the parking lot for some Tex-Mex.
Commie Logo Removed From Vietnamese Restaurant. Not sure how nobody at Yum! Brands wondered whether a big red star was the ideal symbol to feature on their new Banh Shop concept.Full Story