Category: California

Stock-taking?: Part 2, “An unconfirmable plan”

16 October, 2014 (10:00) | Bankruptcy, Bonds, California, Debt, Markets, Municipal bankruptcy, Pension funds, Primer posts, Stockton | No comments

[Continued from yesterday's Part 1.] By: David A. Smith Do I have your attention now? Yesterday we saw, via simultaneous articles in The Sacramento Bee (October 1, 2014) and Los Angeles Times (October 1, 2014; navy font), that despite the City of Stockton’s willingness to keep paying CalPERS at 100% even as other creditors were […]

Stock-taking?: Part 1, “Simply Invalid”

15 October, 2014 (10:00) | Bankruptcy, Bonds, California, Debt, Markets, Municipal bankruptcy, Pension funds, Primer posts, Stockton | 1 comment

By: David A. Smith Yes, Your Honor; yes, I get it As politics is the process that advances the interests of the majority, law is the process that protects the interests of the minority, and when those who make the laws find themselves forced to live with laws others have mad, including the bankruptcy laws […]

That’s MY public property, not yours

15 August, 2013 (10:46) | Beaches, California, Easement, Malibu, NIMBY, Public property, Zoning | 1 comment

By:David A. Smith   Human beings are remarkably consistent, just not in ways that we say we’re consistent.  So all of us are fully in favor of public property, when it’s a place I want to visit, but when you want to visit my public property, why then my consistency demands that I oppose your […]

Month in Review: July, 2013: Part 2, Cities are what make nations:

9 August, 2013 (09:00) | Apartments, California, China, Detroit, Finance, Housing, Mobile homes, Rent control, San Francisco, Speculation, Stockton, Tiny tower, Urbanization, US News, Zaatari | 1 comment

By:David A. Smith   [Continued from yesterday's Part 1.]   [Previous Months in Review available here: June 13, May 13, Apr 13, Mar 13, Feb 13, Jan 13,]   Even as the growth and quality of housing is what defines a city’s growth and quality, a city can so take its housing for granted that it […]

Month in Review: July, 2013: Part 1, Housing is what makes cities

8 August, 2013 (09:00) | Apartments, California, China, Detroit, Finance, Housing, Mobile homes, Rent control, San Francisco, Speculation, Stockton, Tiny tower, Urbanization, US News, Zaatari |

By:David A. Smith   [Previous Months in Review available here: June 13, May 13, Apr 13, Mar 13, Feb 13, Jan 13,]   Housing is what makes cities, and cities are what make nations, and in July I looked at four cities across the full range from ideal  to all-too-real, starting with the i-city that I […]