News: Real Estate, Risk, Economics. Jun. 15, 2018

Linking ≠ endorsement. News: Real Estate, Risk, Economics. Jun. 15, 2018

Table of Contents
(Click to sections below.)

1) Probe finds PG&E power lines sparked deadly 2017 California wildfires

2) The first 3D printed houses for rent will be built in the Netherlands this year

3) Santa Monica is still the filthiest beach in LA

4) 13 glamorous apartments from Hollywood's Golden Age

5) Heavy Rainfall Has Increased by Up to 70 Percent in Parts of the US Since the 1950s, and It Will Only Get Worse

6) NYC housing agency agrees to lead cleanup under federal supervision

7) The Pros and Cons of Installing a Commercial Playground on Your Rental Property

8) The Real Estate Investing Strategy I'd Recommend to Newbies (As a Seasoned Investor)

9) How to Know When It's Wise to Place Your Rentals in a C or S-Corporation

10) Our plastic pollution crisis is too big for recycling to fix

11) How Democratic Is the Euro?

12) Amazon Canopy Comes to Life through Laser Data

13) Tax Havens Blunt Impact of Corporate Tax Cut, Economists Say

14) The Sovereign Money Blues

15) Seattle City Council repeals business tax for housing and homeless services

16) E-Commerce Might Help Solve the Mystery of Low Inflation

17) Hundreds of Complaints Filed Against Texas Contractors After Harvey

18) Damage from June 6 Texas Hailstorm Estimated at $1B

19) Mixed-Use Building in North Carolina City in Danger of Collapse

20) Corporate executives are using stock buybacks to pad their own compensation, according to SEC official

21) Amazon deforestation surges in Colombia

22) Michigan adopts strictest lead water rules in the United States

23) Ireland is the world's biggest corporate 'tax haven', say academics

24) Antarctica Is Melting Three Times as Fast as a Decade Ago

25) Treasuries Curve Reaches Flattest Since 2007 on Steeper Fed Path

26) Private debt hyperinflations and the prospect of renewed crisis

27) Rising consumer debt casts a shadow on US growth forecasts:...

28) This Fed Grows Relentlessly More Hawkish

29) Hailstorm Pounds Parts of Colorado Damaging Homes, Cars and Businesses

  1.    Probe finds PG&E power lines sparked deadly 2017 California wildfires

    The company cited the "new normal" of heightened year-round wildfire hazards created by years of prolonged drought and millions of dead trees.

    In the case of last year's disaster, PG&E also pointed to the confluence of an unusually wet winter spurring heavy growth in vegetation, which dried out in record-setting summer heat to set the stage for explosive fire activity when a high winds struck that fall.

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  2.    The first 3D printed houses for rent will be built in the Netherlands this year News: Real Estate, Risk, Economics. Jun. 15, 2018

    Very interesting ...

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  3.    Santa Monica is still the filthiest beach in LA

    The number of LA beaches that received A or B grades during summer months was up 6 percent over the area's five-year average, suggesting that swimmers last summer enjoyed some of the cleanest water in recent memory.

    Unfortunately, the reason for this has little to do with environmental precautions or efforts to rid beaches of pollutants. In fact, more than 200,000 gallons of sewage spilled into the ocean in LA County over the past year, triggering four beach closures.

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  4.    13 glamorous apartments from Hollywood's Golden Age

    Click through to see the photos.

    It's nice to save older architecture. These places are creeping up on a century.

    I wonder how often ownership turns over.

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  5.    Heavy Rainfall Has Increased by Up to 70 Percent in Parts of the U.S. Since the 1950s, and It Will Only Get Worse

    Global warming caused by humans burning coal, oil, and gas rather than using solar, wind, and other intelligence sources:

    As greenhouse gasses trap heat and warm up the planet, evaporation and subsequent precipitation increase.

    This trend, known as an intensification of the hydrologic cycle, is only expected to get worse in the coming decades, which will inevitably cause more flooding.

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  6.    NYC housing agency agrees to lead cleanup under federal supervision

    To protect the private sector, government funding has been kept insufficient even though the private sector can't afford to produce enough affordable housing and to maintain it without government subsidies.

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  7.    The Pros and Cons of Installing a Commercial Playground on Your Rental Property

    You'll also want to consider lighting, noise, location, posted rules, hours, supervision, signed releases, animal access, and more.

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  8.    The Real Estate Investing Strategy I'd Recommend to Newbies (As a Seasoned Investor)

    FHA? Yep.

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  9.    How to Know When It's Wise to Place Your Rentals in a C or S-Corporation

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  10.    Our plastic pollution crisis is too big for recycling to fix

    Recycling alone will never stem the flow of plastics into our oceans; we have to get to the source of the problem and slow down the production of all this plastic waste. Think about it: if your home was flooding because you had left the faucet on, your first step wouldn't be to start mopping. You'd first cut the flooding off at its source — the faucet. In many ways, our plastics problem is no different.

    All plastics aren't even accepted for recycling. Even if every type were accepted, many people can't be trusted to recycle. They're too lazy to do something so incredibly simple. In fact, I think many people are passive-aggressive via not recycling.

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  11.    How Democratic Is the Euro?

    It is difficult to justify the delegation of the inflation target itself to unelected technocrats. When some countries in the eurozone are hit by adverse demand shocks, the target determines the extent of painful wage and price deflation these countries must undergo to readjust. The lower the target, the more deflation they must bear. ...
    ...
    ... Too often, international economic commitments serve not to fix democratic failures at home, but to privilege corporate or financial interests and undermine domestic social bargains. ...

    If the euro — and indeed the EU itself — is to remain viable and democratic at the same time, policymakers will have to pay closer attention to the demanding requirements of delegating decisions to unelected bodies. This does not mean that they should resist surrendering sovereignty to supranational agencies at all costs. But they should recognize that economists' and other technocrats' policy preferences rarely endow policies with sufficient democratic legitimacy on their own. They should promote such a delegation of sovereignty only when it truly enhances the long-term performance of their democracies, not when it merely advances the interests of globalist elites.

    Well, that's better than nothing, but the only way to avoid advancing the interests of globalist elites is via vastly more direct democracy, not via status quo "policymakers." Are those elites going to willingly give up power by allowing more direct democracy, or are the People simply going to have to take power whether those elites like it or not? How to do that while avoiding violence is the question.

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  12.    Amazon Canopy Comes to Life through Laser Data

    Flying over the Brazilian Amazon with an instrument firing 300,000 laser pulses per second, NASA scientists have made the first 3D measurements of forest canopies in the region. With this research they hope to shed light on the effects of prolonged drought on forest ecosystems and to provide a potential preview of stresses on rainforests in a warming world.

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  13.    Tax Havens Blunt Impact of Corporate Tax Cut, Economists Say

    ... multinationals operating in tax havens are far more profitable than locally owned companies in those countries, and that their profits dwarf what they pay workers. They break the numbers down to show the outsize profits are largely due to money being "shifted" — on paper — into those havens.

    Large corporations like Apple, Google, Nike and Starbucks all take steps to book profits in tax havens such as Bermuda and Ireland. Their strategies have prompted a crackdown by government regulators, particularly in the European Union, where officials have tried to force companies to pay back taxes they believed are owed to their countries. Mr. Zucman said his research suggested that officials should step up those efforts.

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  14.    The Sovereign Money Blues

    Hayek was completely wrong. One bank through which all transactions flow would know exactly what Hayek claims can't be known by such a bank. Secondly, who said anything about central planning? Yes, the Positive Money people are insufficiently up to speed on direct democracy and the fiscal sphere versus the Fed model of a monetary authority (the so-called central planner in Hayek's view).

    A better plan is that a direct democracy would vote for the amount of money to be created for public expenditure into the whole economy. The central bank would then be able to dial back that supply if price inflation were to become a problem due to insufficient supply of whatever goods or services are behind that inflation. Of course, with the data the bank would have, the People could simply be informed in real time too and vote to allocate more resources to increasing the supply of goods and/or services needed.

    Therefore, there's a difference between what the Positive Money people are pushing and the better alternative to the Fed model. Get the message through to the Positive Money people. I've tried. Maybe they'll start listening now, as their plan isn't going to go anywhere.

    "Monetary-and-Banking-Reform Platform for The United States of America": https://propertypak.com/monetary-and-ban king-reform-platform-for-the-united-stat es/

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  15.    Seattle City Council repeals business tax for housing and homeless services

    The United States lost the war on poverty. Why?

    King County's latest point-in-time count of people experiencing homelessness found more than 6,000 people unsheltered, and almost 6,000 more in temporary shelters or transitional housing.

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  16.    E-Commerce Might Help Solve the Mystery of Low Inflation

    The costs of delivering goods and online services is highly competitive and going down while online shopping is increasing as a percentage of the entire economy. If the online price reductions are not being adequately captured, then the reported price inflation rate is actually much less than it should be. Therefore, the Fed is making an even bigger error raising rates now than even I had thought, which was pretty big. They better catch on quickly, or they'll send us into an even deeper recession than I've been figuring on ever since Trump's tax cuts and the Fed started raising rates and started unwinding its QE balance sheet.

    There's more labor slack than they know, and there's more price deflation than they know too. Wow!

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  17.    Hundreds of Complaints Filed Against Texas Contractors After Harvey

    Texas law doesn't require contractors to be licensed or provide minimal bonds to ensure recovery if their work is subpar.

    And Texas is subpar in that regard, woefully lax, in fact.

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  18.    Damage from June 6 Texas Hailstorm Estimated at $1B

    The majority of residential and commercial damage is expected to occur to roofs, windows, skylights, and solar panels.

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  19.    Mixed-Use Building in North Carolina City in Danger of Collapse

    ... engineers discovered structural concerns.

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  20.    Corporate executives are using stock buybacks to pad their own compensation, according to SEC official

    This is not the way to build a strong economy.

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  21.    Amazon deforestation surges in Colombia

    The rate at which humanity is destroying the planet is astounding.

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  22.    Michigan adopts strictest lead water rules in the United States

    Wise investors will research locations for progress on this project before buying.

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  23.    Ireland is the world's biggest corporate 'tax haven', say academics

    Corporations rushed to claim profits in Ireland more than anywhere else because Ireland is not a tax haven? Really? I think some people are trying to pull our legs and call us stupid at the same time. Is it working? Are we going to fall for it? I don't think so.

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  24.    Antarctica Is Melting Three Times as Fast as a Decade Ago News: Real Estate, Risk, Economics. Jun. 15, 2018

    The melting ice and warming waters have all been primarily driven by human emissions of greenhouse gases.

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  25.    Treasuries Curve Reaches Flattest Since 2007 on Steeper Fed Path

    "The bond market has the belief that, as the Fed continues to tighten, it's going to lead to a slowing of the economy," said Peter Boockvar, chief investment officer of Bleakley Financial Group.

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  26.    Private debt hyperinflations and the prospect of renewed crisis

    This is knowledgable.

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  27.    Rising consumer debt casts a shadow on US growth forecasts:...

    Robert Luna of Surevest Wealth Management says that while U.S. growth forecasts are strong, the gains may prove to be transitory as consumers load up on debt.

    Rising consumer debt casts a shadow on US growth forecasts: Strategist from CNBC.

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  28.    This Fed Grows Relentlessly More Hawkish

    Here comes the recession. Then they'll brag about having enough "room" to lower rates to fight it. Will you remember? Will you laugh when they do it? I figure I'll be shaking my head in disgust.

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  29.    Hailstorm Pounds Parts of Colorado Damaging Homes, Cars and Businesses

    ... we need to be financially prepared for the unexpected-check your insurance to know what it covers, what it doesn't and how much protection you have when you need it the most."

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