Category: Markets

Tragedy of the lords: Part 2, 7 out of 10 of the nation’s worst zip codes

30 October, 2014 (09:00) | Affordable Housing, California, CEQA, Development, Housing, Los Angeles, Markets, NIMBY, Proposition 13, US News, Zoning | No comments

[Continued from yesterday's Part 1.] By: David A. Smith You’ve started using your incompetence as a weapon I think I’ve underestimated you, Ned. I don’t know why it took me so long. You’ve started using your incompetence as a weapon. – Assistant District Attorney Lowenstein, Body Heat Yesterday’s criticism of Los Angeles’ epic failure of […]

Tragedy of the lords: Part 1, 47% of gross income for rent

29 October, 2014 (09:00) | Affordable Housing, California, CEQA, Development, Housing, Los Angeles, Markets, NIMBY, Proposition 13, US News, Zoning | No comments

By: David A. Smith You better take me up on this quick. In another forty-five minutes I’m going to give up and walk away. – Ned Racine, Body Heat In about forty-five years I’m going to give up Take something for granted long enough, pile it with ever greater burdens, obstruct it with ever longer […]

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 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 and the Constitution from whence they derive, […]

Where the money goes, the people will follow: Part 3, Not in China’s operating system

23 September, 2014 (10:00) | Capital, China, Emigration, Exports, Global news, Housing, Imports, Markets, Schools, Speculation | No comments

[Continued from yesterday's Part 2 and the preceding Part 1.] By: David A. Smith As so happens when I write about China, the process of laboriously sorting through my thinking means the posts expand, and my post about Chinese emigration, using as a source an article from the Wall Street Journal (August 15, 2014), brought […]