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Ed Takes on an Economist
This week, Ed is recapping the 2018 Market Forecast event in Ontario, California – but rather than real estate, the topic is trade. Tune in to hear Ed take on a Southern California economist who had some puzzling thoughts on trade, trade deficits and imports/exports – something that’s in the news lately because of the new tariffs the administration is imposing on imported steel and aluminum in order to help America recoup its losses. The economist makes claims that “the entire steel industry employs only 100,000 people” – applying that logic, Ed retorts: “Only 400 people have been killed in mass shootings since Sandy Hook – but we sure make a big stink about gun control, because there’s 400 people who lost their kids.” There is one real estate tidbit in this segment, though: Prices are going up steadily in California, having climbed slowly at five, six and seven percent per year.
DOJ Sues California
Californians: Remember a few months back, when our governor passed a law giving local governments permission to refuse cooperation with federal immigration authorities, and signed into law a bill that made it illegal for landlords to turn in their undocumented tenants? Well now, the Trump administration is doing something about these insane sanctuary state policies. In a press conference Wednesday, Attorney General Jeff Sessions announced the Department of Justice is filing a federal lawsuit against the state of California – and even though “Jeff Sessions is no Clint Eastwood” (Ed’s words), the announcement was tough enough to get the attention of Governor Jerry Brown. Tune in to hear about this, in addition to the latest on the irresponsible mayor of Oakland, Libby Schaaf, on The Main Event this week.
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