FROM Dowell Myers
What aging millennials mean for downtown development As millennials get older and look to move out of small apartments, what does that mean for construction in downtown LA and elsewhere with housing shortages?
Mayor Villaraigosa Takes On Prop 13 The Mayor of Los Angeles is stepping all over what's long been called "the third rail of California politics," Proposition 13, which passed in 1978. Property taxes were on the rise, and people on fixed incomes were being taxed out of their homes. But Prop 13 didn't limit increases just for homeowners. It did so for business as well. Yesterday at the Sacramento Press Club, Antonio Villaraigosa called for change , a "split" tax roll, with different rules for homeowners than for business.
Census Figures Indicate Shift in the Political Landscape Since it became a state in 1850, California grew so fast that it gained congressional seats after every census. Not this time around. Growth just isn't the story any more, but the way the population is shifting. One major impact of census data will be on the reapportionment of legislative and congressional districts.
Voters May Change, but Prop 13 Remains the Same Today's electorate is very different from the one that passed Proposition 13 in 1978. But even though the voters have changed, it's still called the "third rail" of state politics, the one that means political death to any politician foolish enough to touch it.
California's Shifting Demography For 30 years, the United States has seen the rapid growth of immigration from foreign countries. Now, the US Census Bureau says the increase has come to an end . In California, immigration actually declined last year by almost 2%. Apparently it's all about the economy.
Are Immigrants The Cornerstone of the Housing Market? The slump in the housing market is a threat to the economy as a whole. What’s keeping the bottom from falling out is the increased purchasing power of immigrants. That’s according to a study by Harvard University’s Joint Center for Housing Studies, which says both legal and illegal immigrants are buying the low cost homes that keep values up, even in places like Beverly Hills.
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?