CORRUPTION WATCH-Land Banking is a term that is new to Angelenos. The concept is simple: Wealthy people buy land rather than buy stocks or putting their money into a savings bank. They “bank” on the idea that the land value will rise faster than the stock market or interest on savings accounts. Land Banking was recently explained in a Canadian estate publication, Better Dwellings.
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BCK FILE--Since I last wrote about what seems to be an epidemic of sexual assault and harassment, we’ve watched numerous male actors come forward with accusations against actor Kevin Spacey who responded in social media to the first accuser with an apology for something he did not remember, washed by a coming out statement, which has brought ire from many in the LGBTQ community and others. Spacey has since been booted from Netflix, as well as his publicist and representative.
GUEST WORDS--A UK study published on October 27, 2017 reported that the majority of politicians do not know where money comes from. According to City A.M. (London):
SUPER-MAJORITY HYPOCRISY-You know who doesn’t look so weird anymore? Vice President Mike Pence. When Pence told the Washington Post that he doesn’t dine alone with women, and never, ever attends an event solo if alcohol will be served, many gasped. He seemed like a too-tightly wrapped antihero from Margaret Atwood’s The Handmaid’s Tale.
GUEST WORDS-South LA mothers halted a city hearing on open space Saturday after city planners failed to involve the black community, held it the day of the huge Taste of Soul festival, and wanted half of the attendees to discuss Culture & Community” instead of open space. (Photo above: Near empty meeting after South LA moms had their say.)