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A segmented housing bubble for California?

...Furthermore, this run-up in house prices does appear to be driven largely by the fundamentals of the market. Rents have been substantially outpacing the overall rate of inflation, especially in the markets with the most rapid increases in house prices, like Seattle and San Francisco. Also, vacancy rates have fallen sharply from the peaks reached in the recession, and are low in markets seeing rapid price rises.

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Two forms of theft in California

Among the many damaging contradictions that plague California society is its agriculture, which regularly, exports irrigated crops while pretending to develop sustainable groundwater plans and grabbing every acre-foot of surface water from every river it can, with contempt for the habitat of species it endangers and destroys. From farmworkers paid to carry signs at public meetings demanding more water to save jobs, to bank loan officers and hedge-fund rainmakers, no one involved with California agriculture can tell the truth about water. Most don’t know it, and those that do lie.

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San Francisco wins; Delta smelt to be extinct

 

For the first time ever, a fish survey that the California Department of Fish and Wildlife (CDFW) conducts every autumn turned up zero Delta smelt throughout the monitoring sites in the Sacramento-San Joaquin River Delta in September, October, November and December 2018. -- Bacher, Counterpunch.org, Feb. 5, 2019

 

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The World Wonderful: A bird hospital in Old Delhi and the ancient religion behind it

The bird hospital is one of several built by devotees of Jainism, an ancient religion whose highest commandment forbids violence not only against humans, but also against animals. A series of paintings in the hospital’s lobby illustrates the extremes to which some Jains take this prohibition. In them, a medieval king in blue robes gazes through a palace window at an approaching pigeon, its wing bloodied by the talons of a brown hawk still in pursuit. The king pulls the smaller bird into the palace, infuriating the hawk, which demands replacement for its lost meal, so he slices off his own arm and foot to feed it.

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Finance, insurance, real estate special interests near total victory over 3-inch fish

The immanent extinction of the Delta smelt is exciting a flurry of studies, commentaries, and government evasion. . As we approach another development surge in California, it is apparent that lawyers, lobbyists, academics  and flakpersons for the Finance, Insurance and Real Estate conglomerate that rules the state have invented new layers of obfuscation between the conglomerate's work and the damage it does.

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