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"content": "\u003cfigure id=\"attachment_118917\" class=\"wp-caption aligncenter\" style=\"max-width: 594px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/11/RS3293_brownbudget20130110.jpg\">\u003cimg class=\"size-full wp-image-118917\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/11/RS3293_brownbudget20130110.jpg\" alt=\"Gov. Jerry Brown announced the passing of Prop. 30 in November of 2012. (Randy Pench/Sacramento Bee/MCT via Getty Images)\" width=\"594\" height=\"422\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Gov. Jerry Brown announced the passing of Prop. 30 in November of 2012. (Randy Pench/Sacramento Bee/MCT via Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>Sacramento is flush with cash. That’s no typo – for the first time since the end of the dot-com boom, the Legislative Analyst’s Office is projecting multibillion dollar cash surpluses over the coming fiscal years.\u003c/p>\n\u003cp>The LAO’s report on California’s fiscal outlook serves as an unofficial start to next year’s budget cycle, which will kick off in early January when Gov. Jerry Brown unveils his proposed state budget. The LAO predicts Brown and lawmakers will have a lot of money to work with: a projected $2.4 billion surplus next year, and another $3.2 billion in extra revenue in 2015.\u003c/p>\n\u003cp>Where did the extra money come from? Analyst Mac Taylor credited three factors: “We finally have an economic recovery — the best way to grow yourself out of problems,” he said. “We had [tax measure] Proposition 30, which has obviously provided relief and revenues. …And all of the efforts the legislature took during the bad years, of slowing the growth in many programs, and in some cases taking reductions in programs.”\u003c/p>\n\u003cp>That includes this year’s relatively conservative state budget, which Brown built on cautious tax estimates.\u003c/p>\n\u003cp>But Taylor is telling lawmakers not to get too excited about the additional income. The LAO’s report warns things can always turn south quickly, so the office is recommending the legislature use the surplus to build up a rainy day fund and pay down California’s debt.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003ciframe src=\"https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/121136432\" frameborder=\"no\" scrolling=\"no\" width=\"100%\" height=\"166\">\u003c/iframe>\u003c/p>\n\u003cp>The Brown administration agrees with the restrained approach. Spokesman H.D. Palmer pointed out just 1 percent of state residents pay 40 percent of California’s income tax revenue. “And for that narrow band of taxpayers, most of their income doesn’t come from salaries and wages,” he said. “It comes from things like capital gains. Which are the most volatile and difficult-to-forecast revenues that we have in California.”\u003c/p>\n\u003cp>To put it another way, if the market goes south again, California would quickly be in the red.\u003c/p>\n\u003cp>Still, many rank-and-file Democrats were frustrated that this year’s budget didn’t do more to restore the deep cuts lawmakers instituted during the recession. And if the surplus keeps growing, you can bet pressure will mount to hike spending.\u003c/p>\n\u003cp>Senate President Pro Tem Darrell Steinberg’s response to the LAO hints at that. He agreed with Brown and the LAO’s cautious approach, saying, “There is ample room to pay down debt, build a healthy reserve to hedge against an economic downturn, address long-term pension and health obligations,” but the Democrat said there’s also money to “expand worthy programs for people and our economy.”\u003c/p>\n\u003cp>Read the LAO report:\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ciframe id=\"doc_13506\" src=\"//www.scribd.com/embeds/185892105/content?start_page=1&view_mode=scroll&show_recommendations=true\" frameborder=\"0\" scrolling=\"no\" width=\"100%\" height=\"600\">\u003c/iframe>\u003c/p>\n\n",
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"content": "\u003cp> \u003c/p>\n\u003cfigure id=\"attachment_118858\" class=\"wp-caption alignnone\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/11/19/118850/JP-Morgan-Department-of-Justice-mortgage/rs7630_176509256-scr/\" rel=\"attachment wp-att-118858\">\u003cimg class=\"size-full wp-image-118858\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/11/RS7630_176509256-scr-e1384914614468.jpg\" alt=\"People walk by JP Morgan Chase & Company headquarters in New York. (Emmanuel Dunand)\" width=\"640\" height=\"389\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">People walk by JP Morgan Chase & Company headquarters in New York. (Emmanuel Dunand)\u003c/figcaption>\u003c/figure>\n\u003cp>\u003ca href=\"http://dealbook.on.nytimes.com/public/overview?symbol=JPM&inline=nyt-org\">JP Morgan Chase\u003c/a> and the U.S. Department of Justice reached a $13 billion civil settlement to resolve an array of state and federal suits involving JP Morgan's sale of troubled mortgage securities to pension funds and other investors, from 2005 through 2008.\u003c/p>\n\u003cp>The deal includes a settlement of nearly $300 million to California’s massive pension funds for public employees and teachers — the California Public Employees’ Retirement System and the California State Teachers’ Retirement System. The deal also stipulates that JPMorgan provide $4 billion in mortgage relief to states including California.\u003c/p>\n\u003cp>At a news conference in his Sacramento office, U.S. Attorney Benjamin Wagner said the deal “is the largest single-company civil settlement” in the history of the Justice Department.\u003c/p>\n\u003cp>According to the \u003ca href=\"http://www.sacbee.com/2013/11/19/5927759/13-billion-jpmorgan-settlement.html\">Sacramento Bee\u003c/a>, \"Wagner and four attorneys on his staff were key players in the settlement by virtue of their year-old investigation of JPMorgan. Wagner’s focus on the rampant mortgage fraud in the Central Valley led to high ranking justice officials deciding to let him carry the ball in a nationwide investigation.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The government accused the nation's largest bank of not fully disclosing to investors the risks of buying defective mortgage-backed securities. Their implosion in 2008 helped send the economy to its lowest depths since the Depression.\u003c/p>\n\u003cp>“JP Morgan Chase profited by giving California’s pension funds incomplete information about mortgage investments,” Attorney General Kamala Harris said in a statement. “This settlement returns the money to California’s pension funds that JP Morgan wrongfully took from them.”\u003c/p>\n\u003cp>\u003cstrong>Here is the Associated Press story:\u003c/strong>\u003c/p>\n\u003cp>By Don Thompson\u003c/p>\n\u003cp>SACRAMENTO — JPMorgan Chase & Co. will pay $299 million to California's public employee and teacher pension funds as part of a settlement related to mortgage-related investments, state Attorney General Kamala Harris announced Tuesday.\u003c/p>\n\u003cp>The money will settle claims that the company misrepresented the value of residential mortgage-backed securities sold to the California Public Employees Retirement System and California State Teachers' Retirement System between 2004 and 2008.\u003c/p>\n\u003cp>\"JP Morgan Chase profited by giving California's pension funds incomplete information about mortgage investments,'' Harris said in a statement. \"This settlement returns the money to California's pension funds that JP Morgan wrongfully took from them.''\u003c/p>\n\u003cp>The settlement is part of a broader, $13 billion settlement between the investment company and the U.S. Department of Justice. Under the larger settlement, which also was announced Tuesday, JPMorgan will provide $4 billion in mortgage relief to the states, including California.\u003c/p>\n\u003cp>Harris said her office's investigation found that documents provided by the company did not accurately disclose the nature of the underlying mortgages and that the company did not properly eliminate risky loans from the securities it was offering the pension funds.\u003c/p>\n\u003cp>The settlement will reimburse the funds for the losses they took for investing in mortgage-backed securities offered by JPMorgan, Washington Mutual Bank and Bear Stearns. JPMorgan acquired the other two companies in 2008 and has said most of its mortgage-backed securities came from them.\u003c/p>\n\u003cp>The $4 billion in consumer mortgage relief that is included in the larger national settlement goes to those who were harmed by the same three firms. That money will go toward loan modifications, forgiving the principal on mortgages and efforts to improve blighted neighborhoods.\u003c/p>\n\u003cp>Harris' office could not predict how much of the $4 billion will come to California but said the distribution will be overseen by an independent monitor to make sure the company meets its obligations under the settlement. It was not clear how the $300 million is being carved from the $13 billion settlement.\u003c/p>\n\u003cp>California also is receiving about $20 billion from a separate national mortgage settlement in 2012. That deal was with the nation's largest banks, including JPMorgan.\u003c/p>\n\u003cp>California has had nearly 1 million foreclosed homes — more than any other state — since the housing meltdown began in early 2007, according to DataQuick, a San Diego-based research firm.\u003c/p>\n\u003cp>California also leads the nation in the number of short sales, during which a home is sold for less than what was owed on the mortgage. DataQuick estimates there were 460,000 short sales between 2007 and September of this year, out of 706,000 nationally in the regions it tracks.\u003c/p>\n\u003cp>U.S. Attorney Benjamin Wagner in Sacramento said the activity described in Tuesday's settlement with JPMorgan was \"symptomatic of the recklessness on Wall Street.'' His region includes the Central Valley, which he describes as being \"ravaged'' by the mortgage crisis.\u003c/p>\n\u003cp>\"The stakes were very high, and I think there was pressure on the due-diligence people to get the deal done,'' he said during a news conference about the issues underlying the civil settlement.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Since 2008, his office has charged about 350 people in connection with mortgage fraud.\u003c/p>\n\u003cdiv>\u003c/div>\n\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp> \u003c/p>\n\u003cfigure id=\"attachment_118858\" class=\"wp-caption alignnone\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/11/19/118850/JP-Morgan-Department-of-Justice-mortgage/rs7630_176509256-scr/\" rel=\"attachment wp-att-118858\">\u003cimg class=\"size-full wp-image-118858\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/11/RS7630_176509256-scr-e1384914614468.jpg\" alt=\"People walk by JP Morgan Chase & Company headquarters in New York. (Emmanuel Dunand)\" width=\"640\" height=\"389\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">People walk by JP Morgan Chase & Company headquarters in New York. (Emmanuel Dunand)\u003c/figcaption>\u003c/figure>\n\u003cp>\u003ca href=\"http://dealbook.on.nytimes.com/public/overview?symbol=JPM&inline=nyt-org\">JP Morgan Chase\u003c/a> and the U.S. Department of Justice reached a $13 billion civil settlement to resolve an array of state and federal suits involving JP Morgan's sale of troubled mortgage securities to pension funds and other investors, from 2005 through 2008.\u003c/p>\n\u003cp>The deal includes a settlement of nearly $300 million to California’s massive pension funds for public employees and teachers — the California Public Employees’ Retirement System and the California State Teachers’ Retirement System. The deal also stipulates that JPMorgan provide $4 billion in mortgage relief to states including California.\u003c/p>\n\u003cp>At a news conference in his Sacramento office, U.S. Attorney Benjamin Wagner said the deal “is the largest single-company civil settlement” in the history of the Justice Department.\u003c/p>\n\u003cp>According to the \u003ca href=\"http://www.sacbee.com/2013/11/19/5927759/13-billion-jpmorgan-settlement.html\">Sacramento Bee\u003c/a>, \"Wagner and four attorneys on his staff were key players in the settlement by virtue of their year-old investigation of JPMorgan. Wagner’s focus on the rampant mortgage fraud in the Central Valley led to high ranking justice officials deciding to let him carry the ball in a nationwide investigation.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The government accused the nation's largest bank of not fully disclosing to investors the risks of buying defective mortgage-backed securities. Their implosion in 2008 helped send the economy to its lowest depths since the Depression.\u003c/p>\n\u003cp>“JP Morgan Chase profited by giving California’s pension funds incomplete information about mortgage investments,” Attorney General Kamala Harris said in a statement. “This settlement returns the money to California’s pension funds that JP Morgan wrongfully took from them.”\u003c/p>\n\u003cp>\u003cstrong>Here is the Associated Press story:\u003c/strong>\u003c/p>\n\u003cp>By Don Thompson\u003c/p>\n\u003cp>SACRAMENTO — JPMorgan Chase & Co. will pay $299 million to California's public employee and teacher pension funds as part of a settlement related to mortgage-related investments, state Attorney General Kamala Harris announced Tuesday.\u003c/p>\n\u003cp>The money will settle claims that the company misrepresented the value of residential mortgage-backed securities sold to the California Public Employees Retirement System and California State Teachers' Retirement System between 2004 and 2008.\u003c/p>\n\u003cp>\"JP Morgan Chase profited by giving California's pension funds incomplete information about mortgage investments,'' Harris said in a statement. \"This settlement returns the money to California's pension funds that JP Morgan wrongfully took from them.''\u003c/p>\n\u003cp>The settlement is part of a broader, $13 billion settlement between the investment company and the U.S. Department of Justice. Under the larger settlement, which also was announced Tuesday, JPMorgan will provide $4 billion in mortgage relief to the states, including California.\u003c/p>\n\u003cp>Harris said her office's investigation found that documents provided by the company did not accurately disclose the nature of the underlying mortgages and that the company did not properly eliminate risky loans from the securities it was offering the pension funds.\u003c/p>\n\u003cp>The settlement will reimburse the funds for the losses they took for investing in mortgage-backed securities offered by JPMorgan, Washington Mutual Bank and Bear Stearns. JPMorgan acquired the other two companies in 2008 and has said most of its mortgage-backed securities came from them.\u003c/p>\n\u003cp>The $4 billion in consumer mortgage relief that is included in the larger national settlement goes to those who were harmed by the same three firms. That money will go toward loan modifications, forgiving the principal on mortgages and efforts to improve blighted neighborhoods.\u003c/p>\n\u003cp>Harris' office could not predict how much of the $4 billion will come to California but said the distribution will be overseen by an independent monitor to make sure the company meets its obligations under the settlement. It was not clear how the $300 million is being carved from the $13 billion settlement.\u003c/p>\n\u003cp>California also is receiving about $20 billion from a separate national mortgage settlement in 2012. That deal was with the nation's largest banks, including JPMorgan.\u003c/p>\n\u003cp>California has had nearly 1 million foreclosed homes — more than any other state — since the housing meltdown began in early 2007, according to DataQuick, a San Diego-based research firm.\u003c/p>\n\u003cp>California also leads the nation in the number of short sales, during which a home is sold for less than what was owed on the mortgage. DataQuick estimates there were 460,000 short sales between 2007 and September of this year, out of 706,000 nationally in the regions it tracks.\u003c/p>\n\u003cp>U.S. Attorney Benjamin Wagner in Sacramento said the activity described in Tuesday's settlement with JPMorgan was \"symptomatic of the recklessness on Wall Street.'' His region includes the Central Valley, which he describes as being \"ravaged'' by the mortgage crisis.\u003c/p>\n\u003cp>\"The stakes were very high, and I think there was pressure on the due-diligence people to get the deal done,'' he said during a news conference about the issues underlying the civil settlement.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Since 2008, his office has charged about 350 people in connection with mortgage fraud.\u003c/p>\n\u003cdiv>\u003c/div>\n\n\n\u003c/div>\u003c/p>",
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"content": "\u003cfigure id=\"attachment_107954\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/08/22/news-pix/port-trucker-protest-640/\" rel=\"attachment wp-att-107954\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-107954\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/08/Port-trucker-protest-640.jpg\" alt=\"Independent truck drivers during an August protest at the Port of Oakland. (Deborah Svoboda/KQED) \" width=\"640\" height=\"427\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Independent truck drivers during an August protest at the Port of Oakland. (Deborah Svoboda/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>Several hundred independent truckers at the \u003ca href=\"http://www.portofoakland.com/\" target=\"_blank\" rel=\"noopener\">Port of Oakland\u003c/a> are serving notice that they’ll stop work as early as next week unless state and regional air regulators give them a break on \u003ca href=\"http://www.arb.ca.gov/msprog/onrdiesel/documents/multirule.pdf\" target=\"_blank\" rel=\"noopener\">rules for diesel emissions\u003c/a>.\u003c/p>\n\u003cp>The Port of Oakland Truckers Association announced that members voted unanimously to stop work if their demands aren’t met. Those demands, voiced during a meeting with Mayor Jean Quan and Port Director Chris Lytle last week, include an extension on a Jan. 1, 2014, deadline for truckers to acquire newer, cleaner engines to cut down on the volume of particulates the diesels spew into the air. The association is also asking for an emissions fee of $50 per load for all Port of Oakland truck drivers to help offset the costs of buying and maintaining CARB-compliant trucks.\u003c/p>\n\u003cp>Officials from the California Air Resources Board say truckers have had years to comply with the law and that there’s no money left to help pay for retrofitting older trucks.\u003c/p>\n\u003cp>The port truckers group staged protests in August and October that partially shut down Oakland’s cargo operations. In addition to the pollution regulations, they also want the port to agree to pay for time they spend waiting to load or unload cargo. They’re also seeking improvements in working conditions, such as better access to restrooms during waits that can last as long as six hours.\u003c/p>\n\u003cp>The truckers group says that if it doesn’t get an official response to its demands by Wednesday, it could stop work as early as next week.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_107954\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/08/22/news-pix/port-trucker-protest-640/\" rel=\"attachment wp-att-107954\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-107954\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/08/Port-trucker-protest-640.jpg\" alt=\"Independent truck drivers during an August protest at the Port of Oakland. (Deborah Svoboda/KQED) \" width=\"640\" height=\"427\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Independent truck drivers during an August protest at the Port of Oakland. (Deborah Svoboda/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>Several hundred independent truckers at the \u003ca href=\"http://www.portofoakland.com/\" target=\"_blank\" rel=\"noopener\">Port of Oakland\u003c/a> are serving notice that they’ll stop work as early as next week unless state and regional air regulators give them a break on \u003ca href=\"http://www.arb.ca.gov/msprog/onrdiesel/documents/multirule.pdf\" target=\"_blank\" rel=\"noopener\">rules for diesel emissions\u003c/a>.\u003c/p>\n\u003cp>The Port of Oakland Truckers Association announced that members voted unanimously to stop work if their demands aren’t met. Those demands, voiced during a meeting with Mayor Jean Quan and Port Director Chris Lytle last week, include an extension on a Jan. 1, 2014, deadline for truckers to acquire newer, cleaner engines to cut down on the volume of particulates the diesels spew into the air. The association is also asking for an emissions fee of $50 per load for all Port of Oakland truck drivers to help offset the costs of buying and maintaining CARB-compliant trucks.\u003c/p>\n\u003cp>Officials from the California Air Resources Board say truckers have had years to comply with the law and that there’s no money left to help pay for retrofitting older trucks.\u003c/p>\n\u003cp>The port truckers group staged protests in August and October that partially shut down Oakland’s cargo operations. In addition to the pollution regulations, they also want the port to agree to pay for time they spend waiting to load or unload cargo. They’re also seeking improvements in working conditions, such as better access to restrooms during waits that can last as long as six hours.\u003c/p>\n\u003cp>The truckers group says that if it doesn’t get an official response to its demands by Wednesday, it could stop work as early as next week.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"slug": "five-reasons-not-to-blame-landlords-for-hard-times-in-bay-area-rental-market",
"title": "5 Reasons Landlords Say They're Not to Blame for High Rents and Evictions",
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"headTitle": "5 Reasons Landlords Say They’re Not to Blame for High Rents and Evictions | KQED",
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"content": "\u003cfigure id=\"attachment_103809\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/07/15/103615/84000-family-four-san-francisco/forrent/\" rel=\"attachment wp-att-103809\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-103809\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/07/forrent.jpg\" alt=\"(iStock image)\" width=\"640\" height=\"360\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">(iStock image)\u003c/figcaption>\u003c/figure>\n\u003cp>If you want a crowd to turn against you, then just tell people you’re a landlord. In some circles, those who own property and rent to others rank near the top of regional public enemies, alongside tech workers, Dodger fans, and oh, I don’t know, people who kick puppies for fun.\u003c/p>\n\u003cp>But are landlords really to blame for \u003ca href=\"http://www.sfgate.com/realestate/article/Rents-soaring-across-region-4924282.php\" target=\"_blank\">soaring rents\u003c/a>, \u003ca href=\"http://www.sfbos.org/Modules/ShowDocument.aspx?documentid=47040\" target=\"_blank\">increased evictions\u003c/a> and \u003ca href=\"http://www.modernluxury.com/san-francisco/story/how-much-tech-can-one-city-take\" target=\"_blank\">the much-bemoaned changing culture\u003c/a> of the Bay Area?\u003c/p>\n\u003cp>Without a doubt, they’re one of the big players at the table when we talk about increasing rents and evictions. But as a number of “Forum” commenters have pointed out, there are many factors that add to the problem of scarce, expensive housing, including the relatively small slice of land available for development in the inner Bay Area and the increased competition for housing as the regional economy improves.\u003c/p>\n\u003cp>As KQED’s “Priced Out” series continues, we’re hearing a whole spectrum of views on housing prices and evictions. Here’s a brief list of reasons landlords say they’re not responsible for the current rental housing crunch. The quotes below are from KQED’s “Forum” last Friday: \u003ca href=\"http://www.kqed.org/a/forum/R201311080900\" target=\"_blank\">Evictions on the Rise in San Francisco\u003c/a>. You can listen to the show in its entirety by \u003ca href=\"http://www.kqed.org/a/forum/R201311080900\" target=\"_blank\">clicking here\u003c/a>.\u003c/p>\n\u003cp>\u003cstrong>1. Not All Landlords Are Created Equal\u003c/strong>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The “Forum” hour featured lots of complaints about big real-estate firms and corporate-style landlords raising rents and evicting tenants. But the Bay Area has plenty of small landlords who have a completely different way of doing business.\u003c/p>\n\u003cp>One property owner, referred to only as “Jeanne” at her request, said she was a “mom-and-pop landlord” running a business “not any different than owning a bakery.” Jeanne’s family has been in San Francisco “for over a hundred years,” and her mother bought a building 40 years ago. “That’s what supported our family. We are not part of the affluent class. Now that I have a family, I cannot afford to move out of the one-bedroom apartment in this building.” Jeanne said her family has developed relationships with their tenants, helping to take care of them as they age.\u003c/p>\n\u003caside class=\"pullquote alignleft\">‘We are not part of the affluent class. Now that I have a family, I cannot afford to move out of my one-bedroom apartment.’\u003c/aside>\n\u003cp>\u003cstrong>2. Landlords Get Screwed, Too\u003c/strong>\u003c/p>\n\u003cp>Chances are that at some point, your landlord has suffered at the hands of bad tenants or life circumstances. Mike in San Francisco called in during the show to share the story of what sounds like a generous landlord who found himself needing money because of health problems:\u003c/p>\n\u003cblockquote>\u003cp>My wife’s uncle had two tenants in a building in the Marina and for 30 plus years he never raised the rent. He was a wonderful landlord. And he got dementia and needed to go into assisted care and the family needed to sell the building and what I don’t understand is — the two tenants who are in there — the longer you stay, you earn basically equity in the building. Because whoever wants to buy that building has to give those two tenants a huge payout in order to get them out of the building or keep them at $300 a month. You know, no matter whether you’re a teacher or whatever your role is in the community, at a certain point there has to be some way to measure the fact that you have been the beneficiary of when you have a great landlord.”\u003c/p>\u003c/blockquote>\n\u003cp>As easy as it is to vilify landlords for evicting tenants so that they can sell a property, some landlords may simply need the money. When you consider that possibility, selling to the highest bidder seems more a logical economic decision and less an act of greed.\u003c/p>\n\u003cp>And let’s not forget that just as all landlords are not created equal, neither are tenants. Jeanne praised many of her tenants but added, “We also have tenants who destroy the property, who harass other tenants, who steal and vandalize, and we can’t get them out.”\u003c/p>\n\u003cp>\u003cstrong>3. The Rules Have Changed for Many Landlords\u003c/strong>\u003c/p>\n\u003cp>The deal has changed for some longtime landlords in cities such as San Francisco, Berkeley and Oakland, which have approved rent control laws over the years. Sara Shortt, executive director of the Housing Rights Committee of San Francisco, a tenants’ group, said on the show that “landlords know what they’ve gotten into when they buy property, and they know what our laws are and they’ve decided to sign up.”\u003c/p>\n\u003cp>But that’s not always the case. As Jeanne and other listeners pointed out — many landlords bought their buildings before rent control was on the books.\u003c/p>\n\u003cp>\u003cstrong>4. Landlords Have Some Decent Ideas\u003c/strong>\u003c/p>\n\u003cp>Throughout \u003ca href=\"http://ww2.kqed.org/news/series/priced-out/\" target=\"_blank\">KQED’s Priced Out\u003c/a> series, many listeners and readers have asked about solutions to the issues of rising rents and evictions, only to be told that under current market conditions, there’s \u003ca href=\"http://www.kqed.org/a/forum/R201310311000\" target=\"_blank\">little hope\u003c/a> things will get better soon.\u003c/p>\n\u003cp>But there are some ideas out there. Janan New, executive director of the San Francisco Apartment Association, said there’s a lot San Francisco could learn from New York:\u003c/p>\n\u003cblockquote>\u003cp>“New York every year does a housing study, and they put out a book of statistics about the market and what rents are, what exists [in terms of] housing that’s available — we should be doing that here. … They have a department of housing and everything is run through there. We’re fragmentized here, where we have several different departments in housing — nobody knows what the other department is doing. …\u003c/p>\n\u003cp>“… The other thing that New York has that’s different than San Francisco is their owner-occupied buildings are exempt from rent control. Our owner-occupied buildings were put under rent control in 1991 and they were exempt prior to that. And it worked a lot better. It allowed for flexibility for mom-and-pop owners to cut deals with their tenants, feed their tenants and not be punished for that.”\u003c/p>\u003c/blockquote>\n\u003caside class=\"pullquote alignleft\">‘We created 13,000 jobs last year, and we put 120 new housing units on the market. I don’t think we can continue this way.’\u003c/aside>\n\u003cp>\u003cstrong>5. It’s Not All Their Fault\u003c/strong>\u003c/p>\n\u003cp>There are lots of causes for the lack of housing, especially affordable housing, in the Bay Area: the economy, the physical landscape and \u003ca href=\"http://articles.latimes.com/2012/aug/12/local/la-me-affordable-housing-20120813\" target=\"_blank\">the loss of redevelopment mone\u003c/a>y that allowed cities to help get more housing built.\u003c/p>\n\u003cp>Janan New of the San Francisco Apartment Association noted there’s a basic imbalance between what’s happening in the city’s labor market and what’s happening in the housing market:\u003c/p>\n\u003cblockquote>\u003cp>“We created basically 13,000 jobs last year” said New, “and we put 120 new housing units on the market. So I don’t think we can continue this way without further cannibalization of the rental housing stock because people want to come here, people are going to continue to come here. And they need a place to live.”\u003c/p>\u003c/blockquote>\n\u003cp>In a rare moment of agreement, both New and Sara Shortt, of the Housing Rights Committee, acknowledged that one must look at the “broader context” of the housing market.\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>Said Shortt:\u003c/p>\n\u003cblockquote>\u003cp>“We also have the hoarding issue… We also have people who have \u003ca href=\"http://en.wikipedia.org/wiki/Pied-%C3%A0-terre\" target=\"_blank\">pied-à-terres\u003c/a> in the city now, it’s their second, maybe third rental unit that they have, or they have it on top of a home ownership unit. We have people who are doing the \u003ca href=\"https://www.airbnb.com/\" target=\"_blank\">Airbnb\u003c/a> thing where they are holding the units off the market and they’re renting them out just as vacation rentals… We’re seeing more and more of those types of things.”\u003c/p>\u003c/blockquote>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_103809\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/07/15/103615/84000-family-four-san-francisco/forrent/\" rel=\"attachment wp-att-103809\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-103809\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/07/forrent.jpg\" alt=\"(iStock image)\" width=\"640\" height=\"360\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">(iStock image)\u003c/figcaption>\u003c/figure>\n\u003cp>If you want a crowd to turn against you, then just tell people you’re a landlord. In some circles, those who own property and rent to others rank near the top of regional public enemies, alongside tech workers, Dodger fans, and oh, I don’t know, people who kick puppies for fun.\u003c/p>\n\u003cp>But are landlords really to blame for \u003ca href=\"http://www.sfgate.com/realestate/article/Rents-soaring-across-region-4924282.php\" target=\"_blank\">soaring rents\u003c/a>, \u003ca href=\"http://www.sfbos.org/Modules/ShowDocument.aspx?documentid=47040\" target=\"_blank\">increased evictions\u003c/a> and \u003ca href=\"http://www.modernluxury.com/san-francisco/story/how-much-tech-can-one-city-take\" target=\"_blank\">the much-bemoaned changing culture\u003c/a> of the Bay Area?\u003c/p>\n\u003cp>Without a doubt, they’re one of the big players at the table when we talk about increasing rents and evictions. But as a number of “Forum” commenters have pointed out, there are many factors that add to the problem of scarce, expensive housing, including the relatively small slice of land available for development in the inner Bay Area and the increased competition for housing as the regional economy improves.\u003c/p>\n\u003cp>As KQED’s “Priced Out” series continues, we’re hearing a whole spectrum of views on housing prices and evictions. Here’s a brief list of reasons landlords say they’re not responsible for the current rental housing crunch. The quotes below are from KQED’s “Forum” last Friday: \u003ca href=\"http://www.kqed.org/a/forum/R201311080900\" target=\"_blank\">Evictions on the Rise in San Francisco\u003c/a>. You can listen to the show in its entirety by \u003ca href=\"http://www.kqed.org/a/forum/R201311080900\" target=\"_blank\">clicking here\u003c/a>.\u003c/p>\n\u003cp>\u003cstrong>1. Not All Landlords Are Created Equal\u003c/strong>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The “Forum” hour featured lots of complaints about big real-estate firms and corporate-style landlords raising rents and evicting tenants. But the Bay Area has plenty of small landlords who have a completely different way of doing business.\u003c/p>\n\u003cp>One property owner, referred to only as “Jeanne” at her request, said she was a “mom-and-pop landlord” running a business “not any different than owning a bakery.” Jeanne’s family has been in San Francisco “for over a hundred years,” and her mother bought a building 40 years ago. “That’s what supported our family. We are not part of the affluent class. Now that I have a family, I cannot afford to move out of the one-bedroom apartment in this building.” Jeanne said her family has developed relationships with their tenants, helping to take care of them as they age.\u003c/p>\n\u003caside class=\"pullquote alignleft\">‘We are not part of the affluent class. Now that I have a family, I cannot afford to move out of my one-bedroom apartment.’\u003c/aside>\n\u003cp>\u003cstrong>2. Landlords Get Screwed, Too\u003c/strong>\u003c/p>\n\u003cp>Chances are that at some point, your landlord has suffered at the hands of bad tenants or life circumstances. Mike in San Francisco called in during the show to share the story of what sounds like a generous landlord who found himself needing money because of health problems:\u003c/p>\n\u003cblockquote>\u003cp>My wife’s uncle had two tenants in a building in the Marina and for 30 plus years he never raised the rent. He was a wonderful landlord. And he got dementia and needed to go into assisted care and the family needed to sell the building and what I don’t understand is — the two tenants who are in there — the longer you stay, you earn basically equity in the building. Because whoever wants to buy that building has to give those two tenants a huge payout in order to get them out of the building or keep them at $300 a month. You know, no matter whether you’re a teacher or whatever your role is in the community, at a certain point there has to be some way to measure the fact that you have been the beneficiary of when you have a great landlord.”\u003c/p>\u003c/blockquote>\n\u003cp>As easy as it is to vilify landlords for evicting tenants so that they can sell a property, some landlords may simply need the money. When you consider that possibility, selling to the highest bidder seems more a logical economic decision and less an act of greed.\u003c/p>\n\u003cp>And let’s not forget that just as all landlords are not created equal, neither are tenants. Jeanne praised many of her tenants but added, “We also have tenants who destroy the property, who harass other tenants, who steal and vandalize, and we can’t get them out.”\u003c/p>\n\u003cp>\u003cstrong>3. The Rules Have Changed for Many Landlords\u003c/strong>\u003c/p>\n\u003cp>The deal has changed for some longtime landlords in cities such as San Francisco, Berkeley and Oakland, which have approved rent control laws over the years. Sara Shortt, executive director of the Housing Rights Committee of San Francisco, a tenants’ group, said on the show that “landlords know what they’ve gotten into when they buy property, and they know what our laws are and they’ve decided to sign up.”\u003c/p>\n\u003cp>But that’s not always the case. As Jeanne and other listeners pointed out — many landlords bought their buildings before rent control was on the books.\u003c/p>\n\u003cp>\u003cstrong>4. Landlords Have Some Decent Ideas\u003c/strong>\u003c/p>\n\u003cp>Throughout \u003ca href=\"http://ww2.kqed.org/news/series/priced-out/\" target=\"_blank\">KQED’s Priced Out\u003c/a> series, many listeners and readers have asked about solutions to the issues of rising rents and evictions, only to be told that under current market conditions, there’s \u003ca href=\"http://www.kqed.org/a/forum/R201310311000\" target=\"_blank\">little hope\u003c/a> things will get better soon.\u003c/p>\n\u003cp>But there are some ideas out there. Janan New, executive director of the San Francisco Apartment Association, said there’s a lot San Francisco could learn from New York:\u003c/p>\n\u003cblockquote>\u003cp>“New York every year does a housing study, and they put out a book of statistics about the market and what rents are, what exists [in terms of] housing that’s available — we should be doing that here. … They have a department of housing and everything is run through there. We’re fragmentized here, where we have several different departments in housing — nobody knows what the other department is doing. …\u003c/p>\n\u003cp>“… The other thing that New York has that’s different than San Francisco is their owner-occupied buildings are exempt from rent control. Our owner-occupied buildings were put under rent control in 1991 and they were exempt prior to that. And it worked a lot better. It allowed for flexibility for mom-and-pop owners to cut deals with their tenants, feed their tenants and not be punished for that.”\u003c/p>\u003c/blockquote>\n\u003caside class=\"pullquote alignleft\">‘We created 13,000 jobs last year, and we put 120 new housing units on the market. I don’t think we can continue this way.’\u003c/aside>\n\u003cp>\u003cstrong>5. It’s Not All Their Fault\u003c/strong>\u003c/p>\n\u003cp>There are lots of causes for the lack of housing, especially affordable housing, in the Bay Area: the economy, the physical landscape and \u003ca href=\"http://articles.latimes.com/2012/aug/12/local/la-me-affordable-housing-20120813\" target=\"_blank\">the loss of redevelopment mone\u003c/a>y that allowed cities to help get more housing built.\u003c/p>\n\u003cp>Janan New of the San Francisco Apartment Association noted there’s a basic imbalance between what’s happening in the city’s labor market and what’s happening in the housing market:\u003c/p>\n\u003cblockquote>\u003cp>“We created basically 13,000 jobs last year” said New, “and we put 120 new housing units on the market. So I don’t think we can continue this way without further cannibalization of the rental housing stock because people want to come here, people are going to continue to come here. And they need a place to live.”\u003c/p>\u003c/blockquote>\n\u003cp>In a rare moment of agreement, both New and Sara Shortt, of the Housing Rights Committee, acknowledged that one must look at the “broader context” of the housing market.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cfigure id=\"attachment_117483\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/11/07/twitter-ipo-stock-debuts-on-NYSE/rs7447_187232512-hpf/\" rel=\"attachment wp-att-117483\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/11/RS7447_187232512-hpf.jpg\" alt=\" The Twitter logo is displayed on a banner outside the New York Stock Exchange. (Photo by Andrew Burton/Getty Images)\" width=\"640\" height=\"427\" class=\"size-full wp-image-117483\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The Twitter logo is displayed on a banner outside the New York Stock Exchange. (Photo by Andrew Burton/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>Not a shock: Twitter's \u003ca href=\"http://finance.yahoo.com/q;_ylt=Ajbu_R.q9wkz35mpnAOaev8nv7gF?s=twtr&uhb=uhb2&type=2button&fr=uh3_finance_web_gs\" target=\"_blank\">shares\u003c/a>, which went public Thursday, are trading down a little today. Shares you might have paid 50 bucks for yesterday are down to 43 dollars and change. That statement is not a suggestion you should buy or sell TWTR or any other security.\u003c/p>\n\u003cp>But if you feel left out of the latest tech IPO gold rush, here's a little bit of fun, called to my attention by KQED's \u003ca href=\"https://twitter.com/aarti411\" target=\"_blank\">Aarti Shahani\u003c/a>, from Time's \u003ca href=\"http://www.twitter.com/chriswilsondc\" target=\"_blank\">Chris Wilson\u003c/a>: \u003ca href=\"http://newsfeed.time.com/2013/11/07/interactive-this-is-how-much-money-twitter-owes-you/\" target=\"_blank\">This Is How Much Money Twitter Owes You\u003c/a>.\u003c/p>\n\u003cp>Wilson and Time put together a little calculator that crunches the following variables for Twitter account holders: How long you've had your account, how many tweets you've sent out into the Twittersphere, and the putative value of those tweets based on how many messages the service says it delivers every day and the company's current \u003ca href=\"http://www.investopedia.com/terms/m/marketcapitalization.asp\">market capitalization\u003c/a>. \u003c/p>\n\u003cp>Time's calculator is really kind of cool: Just put in your account name and it spits out your contribution to Twitter's current value. For \u003ca href=\"https://twitter.com/danbrekke\" target=\"_blank\">me\u003c/a>, it's $38. That compares to $5.1 million for President Obama's account and nearly $21 million for Justin Bieber's. \u003c/p>\n\u003cp>I'll use my account \"value\" to buy the pizza and beer. I'll let those guys pick up the tip. \u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Sorry to be redundant, but check it out: Time's \u003ca href=\"http://newsfeed.time.com/2013/11/07/interactive-this-is-how-much-money-twitter-owes-you/\" target=\"_blank\">This Is How Much Money Twitter Owes You\u003c/a>.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_117483\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/11/07/twitter-ipo-stock-debuts-on-NYSE/rs7447_187232512-hpf/\" rel=\"attachment wp-att-117483\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/11/RS7447_187232512-hpf.jpg\" alt=\" The Twitter logo is displayed on a banner outside the New York Stock Exchange. (Photo by Andrew Burton/Getty Images)\" width=\"640\" height=\"427\" class=\"size-full wp-image-117483\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The Twitter logo is displayed on a banner outside the New York Stock Exchange. (Photo by Andrew Burton/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>Not a shock: Twitter's \u003ca href=\"http://finance.yahoo.com/q;_ylt=Ajbu_R.q9wkz35mpnAOaev8nv7gF?s=twtr&uhb=uhb2&type=2button&fr=uh3_finance_web_gs\" target=\"_blank\">shares\u003c/a>, which went public Thursday, are trading down a little today. Shares you might have paid 50 bucks for yesterday are down to 43 dollars and change. That statement is not a suggestion you should buy or sell TWTR or any other security.\u003c/p>\n\u003cp>But if you feel left out of the latest tech IPO gold rush, here's a little bit of fun, called to my attention by KQED's \u003ca href=\"https://twitter.com/aarti411\" target=\"_blank\">Aarti Shahani\u003c/a>, from Time's \u003ca href=\"http://www.twitter.com/chriswilsondc\" target=\"_blank\">Chris Wilson\u003c/a>: \u003ca href=\"http://newsfeed.time.com/2013/11/07/interactive-this-is-how-much-money-twitter-owes-you/\" target=\"_blank\">This Is How Much Money Twitter Owes You\u003c/a>.\u003c/p>\n\u003cp>Wilson and Time put together a little calculator that crunches the following variables for Twitter account holders: How long you've had your account, how many tweets you've sent out into the Twittersphere, and the putative value of those tweets based on how many messages the service says it delivers every day and the company's current \u003ca href=\"http://www.investopedia.com/terms/m/marketcapitalization.asp\">market capitalization\u003c/a>. \u003c/p>\n\u003cp>Time's calculator is really kind of cool: Just put in your account name and it spits out your contribution to Twitter's current value. For \u003ca href=\"https://twitter.com/danbrekke\" target=\"_blank\">me\u003c/a>, it's $38. That compares to $5.1 million for President Obama's account and nearly $21 million for Justin Bieber's. \u003c/p>\n\u003cp>I'll use my account \"value\" to buy the pizza and beer. I'll let those guys pick up the tip. \u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cp>\u003cem>This story is part of\u003cstrong> \u003ca href=\"http://ww2.kqed.org/news/tag/priced-out/\">Priced Out\u003c/a>, \u003c/strong>KQED’s series on the Bay Area housing crisis.\u003c/em>\u003c/p>\n\u003cp>\u003cstrong>By Matthew Green\u003c/strong>\u003c/p>\n\u003cfigure id=\"attachment_117654\" class=\"wp-caption alignnone\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/11/07/117540/Priced-Out-Ellis-Act-San-Francisco-eviction/rs7468_72898270-scr/\" rel=\"attachment wp-att-117654\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-117654\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/11/RS7468_72898270-scr-e1383878709870.jpg\" alt=\"San Francisco's Inner Mission area had the highest number of Ellis Act evictions in the past five years. (Gabriel Bouys/AFP/Getty Images)\" width=\"640\" height=\"423\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">San Francisco’s Inner Mission has had the most Ellis Act evictions in the past five years. (Gabriel Bouys/AFP/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cstrong>What is it?\u003c/strong>\u003c/p>\n\u003cp>On the books since 1986, the \u003ca href=\"http://www.leginfo.ca.gov/cgi-bin/displaycode?section=gov&group=07001-08000&file=7060-7060.7\">Ellis Act\u003c/a> allows California landlords to evict tenants in order to go out of business and remove units from the rental market, usually with the intent of selling them.\u003c/p>\n\u003cp>[contextly_sidebar id=”dc7d51e2e6959b724809370455955423″]\u003c/p>\n\u003cp>The law prohibits local governments from forcing rental property owners to continue offering their housing for rent. However, it does allow local governments to impose a variety of requirements on such property owners, which can include providing tenant relocation assistance, giving specific notice periods and having deed restrictions on future use of the property. For example, a city could require an owner who re-rents “Ellised” property within a certain period of time to first offer it to any displaced former tenants, at the original rental rates.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003cstrong>Local impact\u003c/strong>\u003c/p>\n\u003cp>There is little comprehensive data on Ellis Act evictions statewide. But in cities like San Francisco, with high rents and strict local rent control laws, Ellis Act evictions often go up during periods when home sales increase. That was the case during the dot-com boom that ended in 2000 and again during the housing bubble that peaked in 2005. Ellis Act evictions are up again now as the city’s real estate market recovers from the recession and as the tech boom spurs demand for housing.\u003c/p>\n\u003cp>The chart below, by San Francisco’s \u003ca href=\"http://dangrover.com/about\" target=\"_blank\">Dan Grover\u003c/a>, shows Ellis Act evictions in the city since 1998, comparing rates with all no-fault evictions (including Ellis but also those due to capital improvements, demolition, owner move-in or substantial rehabilitation) during the same period. The chart also shows all for-cause evictions, in which tenants violated rental agreements. The chart (also available in \u003ca href=\"http://dangrover.github.io/sf-ellis-evictions/\" target=\"_blank\">a larger version\u003c/a>) is overlaid with San Francisco median home price rates. Use the drop-down menus to change the variables, and mouse over the bars to see eviction numbers by year.\u003cbr>\n\u003ciframe loading=\"lazy\" src=\"http://dangrover.github.io/sf-ellis-evictions/embeddable.html\" frameborder=\"0\" scrolling=\"no\" width=\"640\" height=\"350\">\u003c/iframe>\u003c/p>\n\u003cp>Last week, San Francisco’s budget analyst issued a \u003ca href=\"http://www.sfbos.org/Modules/ShowDocument.aspx?documentid=47040\">report\u003c/a> on the number of Ellis Act evictions in the city by neighborhood (among other housing displacement issues). The report found that “while Ellis Act evictions have occurred in many neighborhoods over the last five years, approximately 64.1 percent of them occurred in” seven neighborhoods, which also saw increases in assessed property values and home prices: Inner Mission, Russian Hill/Polk Gulch, Castro/Eureka Valley, Outer Richmond, Inner Richmond, North Beach, Haight Ashbury/Western Addition.\u003c/p>\n\u003cp>The following map uses data from the report on Ellis Act evictions in most (but not all) San Francisco neighborhoods from 2009 to 2013.\u003c/p>\n\u003cp>\u003ciframe loading=\"lazy\" src=\"https://www.google.com/fusiontables/embedviz?q=select+col12%3E%3E2+from+1aInieSxglQz1f4vabFhrqI9045FxPS_gSy8FEB4&viz=MAP&h=false&lat=37.74408720928566&lng=-122.40319834631345&t=1&z=12&l=col12%3E%3E2&y=2&tmplt=2&hml=KML\" frameborder=\"no\" scrolling=\"no\" width=\"640\" height=\"520\">\u003c/iframe>\u003c/p>\n\u003cp>\u003cstrong>History\u003c/strong>\u003c/p>\n\u003cp>Adopted in direct response to a 1984 California Supreme Court decision, the Ellis Act was a backlash to strict local rent control laws.\u003c/p>\n\u003cp>In 1979, following a wave of condominium conversions in Santa Monica that removed many rental units from the market, voters adopted a measure meant to preserve the city’s remaining rental housing stock. It required that landlords who sought to exit the rental market first obtain a permit that could only be issued if a strict set of conditions were met. Among them, landlords were required to prove that the unit in question was not occupied by a person of low or moderate income and to demonstrate that the unit’s removal from the rental market would not adversely affect the city’s housing supply.\u003c/p>\n\u003cp>Jerome Nash, a 17-year-old student whose mother had bought him a $260,000 rental property in Santa Monica before the ordinance was adopted, sought to get out of the rental business and demolish the building. He initially applied for a permit to do so, but ended up suing the city to circumvent the process. In \u003ca href=\"http://scocal.stanford.edu/opinion/nash-v-city-santa-monica-28399\">court documents\u003c/a>, he’s quoted as stating:\u003c/p>\n\u003cp>“There is only one thing I want to do, and that is to evict the group of ingrates inhabiting my units, tear down the building, and hold on to the land until I can sell it at a price which will not mean a ruinous loss on my investment.”\u003c/p>\n\u003cp>Nash prevailed in trial court and on appeal. But his case was ultimately dismissed by California’s Supreme Court in 1984, which ruled in \u003ca href=\"http://scocal.stanford.edu/opinion/nash-v-city-santa-monica-28399\">\u003cem>Nash v. City of Santa Monica\u003c/em>\u003c/a> that the burdens imposed on Nash’s rights as a landlord were minimal and that they necessarily served the city’s greater goal in protecting its scarce stock of rental housing.\u003c/p>\n\u003cp>A year later, however, the state Legislature stepped in. Responding to the Nash decision, Sen. Jim Ellis, a Republican from San Diego, introduced a bill to prohibit any public entity from “compel[ling] the owners of any residential real property to offer, or continue to offer, accommodations in the property for rent or lease.” The bill, now known as the Ellis Act, was passed and signed into law.\u003c/p>\n\u003cp>\u003cstrong>Sources\u003c/strong>\u003c/p>\n\u003cp>\u003ca href=\"http://www.leginfo.ca.gov/cgi-bin/displaycode?section=gov&group=07001-08000&file=7060-7060.7\">Ellis Act\u003c/a>\u003c/p>\n\u003cp>\u003ca href=\"http://www.wehonews.com/z/wehonews/files/1General%20ellis%20overview.pdf\">California Apartment Association\u003c/a>\u003c/p>\n\u003cp>\u003ca href=\"http://digitalcommons.law.ggu.edu/cgi/viewcontent.cgi?article=1813&context=ggulrev&sei-redir=1&referer=http%3A%2F%2Fwww.google.com%2Furl%3Fsa%3Dt%26rct%3Dj%26q%3Dellis%20act%20history%26source%3Dweb%26cd%3D18%26ved%3D0CGEQFjAHOAo%26url%3Dhttp%3A%2F%2Fdigitalcommons.law.ggu.edu%2Fcgi%2Fviewcontent.cgi%3Farticle%3D1813%26context%3Dggulrev%26ei%3DHMV6Uuz3L8TTiwKY_ICICg%26usg%3DAFQjCNF1-Mu_fP9gx8xBgQyOKnI4mXY5cg%26sig2%3DiKEYxgWNZZ3C9yncg0tDRA%26bvm%3Dbv.56146854%2Cd.cGE#search=%22ellis%20act%20history%22\">Golden Gate University Law Review\u003c/a>\u003c/p>\n\u003cp>\u003ca href=\"http://scocal.stanford.edu/opinion/nash-v-city-santa-monica-28399\">Stanford Law School: Supreme Court of California Resources\u003c/a>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>Matthew Green is editor and chief blogger of KQED’s \u003cstrong>\u003ca href=\"http://blogs.kqed.org/lowdown/\">The Lowdown\u003c/a>\u003c/strong>, a multimedia guide to understanding big news from California and beyond. \u003c/em>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>This story is part of\u003cstrong> \u003ca href=\"http://ww2.kqed.org/news/tag/priced-out/\">Priced Out\u003c/a>, \u003c/strong>KQED’s series on the Bay Area housing crisis.\u003c/em>\u003c/p>\n\u003cp>\u003cstrong>By Matthew Green\u003c/strong>\u003c/p>\n\u003cfigure id=\"attachment_117654\" class=\"wp-caption alignnone\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/11/07/117540/Priced-Out-Ellis-Act-San-Francisco-eviction/rs7468_72898270-scr/\" rel=\"attachment wp-att-117654\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-117654\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/11/RS7468_72898270-scr-e1383878709870.jpg\" alt=\"San Francisco's Inner Mission area had the highest number of Ellis Act evictions in the past five years. (Gabriel Bouys/AFP/Getty Images)\" width=\"640\" height=\"423\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">San Francisco’s Inner Mission has had the most Ellis Act evictions in the past five years. (Gabriel Bouys/AFP/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cstrong>What is it?\u003c/strong>\u003c/p>\n\u003cp>On the books since 1986, the \u003ca href=\"http://www.leginfo.ca.gov/cgi-bin/displaycode?section=gov&group=07001-08000&file=7060-7060.7\">Ellis Act\u003c/a> allows California landlords to evict tenants in order to go out of business and remove units from the rental market, usually with the intent of selling them.\u003c/p>\n\u003cp>\u003c/p>\u003cp>\u003c/p>\u003cp>\u003c/p>\n\u003cp>The law prohibits local governments from forcing rental property owners to continue offering their housing for rent. However, it does allow local governments to impose a variety of requirements on such property owners, which can include providing tenant relocation assistance, giving specific notice periods and having deed restrictions on future use of the property. For example, a city could require an owner who re-rents “Ellised” property within a certain period of time to first offer it to any displaced former tenants, at the original rental rates.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cstrong>Local impact\u003c/strong>\u003c/p>\n\u003cp>There is little comprehensive data on Ellis Act evictions statewide. But in cities like San Francisco, with high rents and strict local rent control laws, Ellis Act evictions often go up during periods when home sales increase. That was the case during the dot-com boom that ended in 2000 and again during the housing bubble that peaked in 2005. Ellis Act evictions are up again now as the city’s real estate market recovers from the recession and as the tech boom spurs demand for housing.\u003c/p>\n\u003cp>The chart below, by San Francisco’s \u003ca href=\"http://dangrover.com/about\" target=\"_blank\">Dan Grover\u003c/a>, shows Ellis Act evictions in the city since 1998, comparing rates with all no-fault evictions (including Ellis but also those due to capital improvements, demolition, owner move-in or substantial rehabilitation) during the same period. The chart also shows all for-cause evictions, in which tenants violated rental agreements. The chart (also available in \u003ca href=\"http://dangrover.github.io/sf-ellis-evictions/\" target=\"_blank\">a larger version\u003c/a>) is overlaid with San Francisco median home price rates. Use the drop-down menus to change the variables, and mouse over the bars to see eviction numbers by year.\u003cbr>\n\u003ciframe loading=\"lazy\" src=\"http://dangrover.github.io/sf-ellis-evictions/embeddable.html\" frameborder=\"0\" scrolling=\"no\" width=\"640\" height=\"350\">\u003c/iframe>\u003c/p>\n\u003cp>Last week, San Francisco’s budget analyst issued a \u003ca href=\"http://www.sfbos.org/Modules/ShowDocument.aspx?documentid=47040\">report\u003c/a> on the number of Ellis Act evictions in the city by neighborhood (among other housing displacement issues). The report found that “while Ellis Act evictions have occurred in many neighborhoods over the last five years, approximately 64.1 percent of them occurred in” seven neighborhoods, which also saw increases in assessed property values and home prices: Inner Mission, Russian Hill/Polk Gulch, Castro/Eureka Valley, Outer Richmond, Inner Richmond, North Beach, Haight Ashbury/Western Addition.\u003c/p>\n\u003cp>The following map uses data from the report on Ellis Act evictions in most (but not all) San Francisco neighborhoods from 2009 to 2013.\u003c/p>\n\u003cp>\u003ciframe loading=\"lazy\" src=\"https://www.google.com/fusiontables/embedviz?q=select+col12%3E%3E2+from+1aInieSxglQz1f4vabFhrqI9045FxPS_gSy8FEB4&viz=MAP&h=false&lat=37.74408720928566&lng=-122.40319834631345&t=1&z=12&l=col12%3E%3E2&y=2&tmplt=2&hml=KML\" frameborder=\"no\" scrolling=\"no\" width=\"640\" height=\"520\">\u003c/iframe>\u003c/p>\n\u003cp>\u003cstrong>History\u003c/strong>\u003c/p>\n\u003cp>Adopted in direct response to a 1984 California Supreme Court decision, the Ellis Act was a backlash to strict local rent control laws.\u003c/p>\n\u003cp>In 1979, following a wave of condominium conversions in Santa Monica that removed many rental units from the market, voters adopted a measure meant to preserve the city’s remaining rental housing stock. It required that landlords who sought to exit the rental market first obtain a permit that could only be issued if a strict set of conditions were met. Among them, landlords were required to prove that the unit in question was not occupied by a person of low or moderate income and to demonstrate that the unit’s removal from the rental market would not adversely affect the city’s housing supply.\u003c/p>\n\u003cp>Jerome Nash, a 17-year-old student whose mother had bought him a $260,000 rental property in Santa Monica before the ordinance was adopted, sought to get out of the rental business and demolish the building. He initially applied for a permit to do so, but ended up suing the city to circumvent the process. In \u003ca href=\"http://scocal.stanford.edu/opinion/nash-v-city-santa-monica-28399\">court documents\u003c/a>, he’s quoted as stating:\u003c/p>\n\u003cp>“There is only one thing I want to do, and that is to evict the group of ingrates inhabiting my units, tear down the building, and hold on to the land until I can sell it at a price which will not mean a ruinous loss on my investment.”\u003c/p>\n\u003cp>Nash prevailed in trial court and on appeal. But his case was ultimately dismissed by California’s Supreme Court in 1984, which ruled in \u003ca href=\"http://scocal.stanford.edu/opinion/nash-v-city-santa-monica-28399\">\u003cem>Nash v. City of Santa Monica\u003c/em>\u003c/a> that the burdens imposed on Nash’s rights as a landlord were minimal and that they necessarily served the city’s greater goal in protecting its scarce stock of rental housing.\u003c/p>\n\u003cp>A year later, however, the state Legislature stepped in. Responding to the Nash decision, Sen. Jim Ellis, a Republican from San Diego, introduced a bill to prohibit any public entity from “compel[ling] the owners of any residential real property to offer, or continue to offer, accommodations in the property for rent or lease.” The bill, now known as the Ellis Act, was passed and signed into law.\u003c/p>\n\u003cp>\u003cstrong>Sources\u003c/strong>\u003c/p>\n\u003cp>\u003ca href=\"http://www.leginfo.ca.gov/cgi-bin/displaycode?section=gov&group=07001-08000&file=7060-7060.7\">Ellis Act\u003c/a>\u003c/p>\n\u003cp>\u003ca href=\"http://www.wehonews.com/z/wehonews/files/1General%20ellis%20overview.pdf\">California Apartment Association\u003c/a>\u003c/p>\n\u003cp>\u003ca href=\"http://digitalcommons.law.ggu.edu/cgi/viewcontent.cgi?article=1813&context=ggulrev&sei-redir=1&referer=http%3A%2F%2Fwww.google.com%2Furl%3Fsa%3Dt%26rct%3Dj%26q%3Dellis%20act%20history%26source%3Dweb%26cd%3D18%26ved%3D0CGEQFjAHOAo%26url%3Dhttp%3A%2F%2Fdigitalcommons.law.ggu.edu%2Fcgi%2Fviewcontent.cgi%3Farticle%3D1813%26context%3Dggulrev%26ei%3DHMV6Uuz3L8TTiwKY_ICICg%26usg%3DAFQjCNF1-Mu_fP9gx8xBgQyOKnI4mXY5cg%26sig2%3DiKEYxgWNZZ3C9yncg0tDRA%26bvm%3Dbv.56146854%2Cd.cGE#search=%22ellis%20act%20history%22\">Golden Gate University Law Review\u003c/a>\u003c/p>\n\u003cp>\u003ca href=\"http://scocal.stanford.edu/opinion/nash-v-city-santa-monica-28399\">Stanford Law School: Supreme Court of California Resources\u003c/a>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>Matthew Green is editor and chief blogger of KQED’s \u003cstrong>\u003ca href=\"http://blogs.kqed.org/lowdown/\">The Lowdown\u003c/a>\u003c/strong>, a multimedia guide to understanding big news from California and beyond. \u003c/em>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Twitter Debuts on NYSE, Then Goes Nuts ",
"title": "Twitter Debuts on NYSE, Then Goes Nuts ",
"headTitle": "News Fix | KQED News",
"content": "\u003cfigure id=\"attachment_117483\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/11/07/twitter-ipo-stock-debuts-on-NYSE/rs7447_187232512-hpf/\" rel=\"attachment wp-att-117483\">\u003cimg class=\"size-full wp-image-117483\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/11/RS7447_187232512-hpf.jpg\" alt=\" The Twitter logo is displayed on a banner outside the New York Stock Exchange. (Photo by Andrew Burton/Getty Images)\" width=\"640\" height=\"427\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The Twitter logo is displayed on a banner outside the New York Stock Exchange. (Photo by Andrew Burton/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>So much for our plan to wait until Twitter's stock falls 50 percent or so before buying. The microblogging company with dreams of becoming a profitable global advertising platform launched its IPO today. The stock opened at $45, about 80 percent above the initial offering price set just last night.\u003c/p>\n\u003cp>Here's coverage from the Wall Street Journal: \u003ca href=\"http://blogs.wsj.com/moneybeat/2013/11/07/live-blogging-twitters-ipo/?mod=yahoo_hs\" target=\"_blank\">Live Blogging Twitter's IPO\u003c/a>.\u003cbr>\n\u003c!--more-->\u003cbr>\nHere's a reminder, \u003ca href=\"http://www.wired.com/business/2013/11/twitter-goes-public/\" target=\"_blank\">via Wired's Ryan Tate\u003c/a>, that despite what I'll call the crazy rise in the stock, Twitter hasn't conquered the world yet:\u003c/p>\n\u003cblockquote>\u003cp>Despite all the froth around Twitter’s IPO, the company isn’t all that big, with a valuation, at the moment, of around $31.5 billion. Rival Facebook clocks in at around $120 billion, while an icon of the last tech boom, Amazon, is worth $163 billion. Google is at $342 billion. Twitter is closer to being an Intuit or Adobe than the next Facebook.\u003c/p>\n\u003cp>Part of that difference is down to the fact that Twitter bleeds cash while Facebook gushes profit. After losing $80 million last year, Twitter posted a net loss of $134 million for the first nine months of this year, according to a company filing with the Securities and Exchange Commission. It has never been profitable. Facebook, in contrast, grew profits for at least three years to $1 billion before it went public.\u003c/p>\u003c/blockquote>\n\u003cp>And The Atlantic points out that even artsy-crafty Etsy has a take on the IPO:\u003c/p>\n\u003cblockquote class=\"twitter-tweet\">\u003cp>The Twitter IPO, in the tender eyes of Etsy \u003ca href=\"http://t.co/ovaCTlC5hC\">http://t.co/ovaCTlC5hC\u003c/a>\u003c/p>\n\u003cp>— TheAtlanticTech (@TheAtlanticTECH) \u003ca href=\"https://twitter.com/TheAtlanticTECH/statuses/398492970673922048\">November 7, 2013\u003c/a>\u003c/p>\u003c/blockquote>\n\u003cp>Here's the latest Associated Press take on the IPO and the opening of trading:\u003c/p>\n\u003cp>\u003cstrong>Barbara Ortutay\u003cbr>\nAP Technology Writer\u003c/strong>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>NEW YORK — If Twitter's bankers and executives were hoping for a surge on the day of the stock's public debut, they got it. The stock opened at $45.10 a share on its first day of trading, 73 percent above its initial offering price.\u003c/p>\n\u003cp>\"It's gone on pretty flawlessly,\" says JJ Kinahan, chief strategist at TD Ameritrade.\u003c/p>\n\u003cp>The stock is now trading on the New York Stock Exchange under the symbol \"TWTR.\" It's the most highly anticipated initial public stock offering since Facebook debuted last year. More than an hour into trading, the stock is holding steady. This tight range of trading, Kinahan says, indicates that people \"feel like it was pretty fairly priced.\"\u003c/p>\n\u003cp>The opening price values Twitter Inc. at $31 billion, which puts it in in range of KFC and Pizza Hut owner Yum Brands, tractor and tool maker Deere & Co. and slightly below State Street Corp., a financial services holding company.\u003c/p>\n\u003cp>\"It clearly shows that demand exceeds the supply of shares,\" says Wedbush analyst Michael Pachter. \"It's impossible to know what the real value is.\"\u003c/p>\n\u003cp>Twitter's shares jumped as high as $50.09 on Thursday morning and were up $19.14, or 73.6 percent, at $45.14 in midday trading amid a broader market decline. Tech stocks were broadly down as well, with Facebook Inc. sliding $1.02, or 2.1 percent, to $48.10.\u003c/p>\n\u003cp>Earlier in the day, Twitter gave users the opportunity to ring NYSE's opening bell instead of executives. The users included Sir Patrick Stewart, Captain Jean-Luc Picard in \"Star Trek: The Next Generation\"; Vivienne Harr, a 9-year-old girl who ran a lemonade stand for a year to raise money to end child slavery; and Cheryl Fiandaca of the Boston Police Department.\u003c/p>\n\u003cp>Twitter's initial public offering was carefully orchestrated to avoid the glitches and eventual letdown that surrounded Facebook's initial public offering on the Nasdaq 18 months ago. Still, it's the most highly anticipated IPO since its Silicon Valley rival's 2012 debut.\u003c/p>\n\u003cp>\"In hindsight when you look at this you almost think they left a little too much money on the table,\" says Roger Entner of Recon Analytics.\u003c/p>\n\u003cp>What Entner means is that Twitter raised $1.8 billion Wednesday night when it sold 70 million shares at $26 each. Had it priced the stock at $30, for instance, the company would have taken away $2.1 billion. At $35, it would have reaped nearly $2.5 billion.\u003c/p>\n\u003cp>At $26 per share, Twitter was valued at more than $18 billion based on its outstanding stock, options and restricted stock expected to be available after the IPO. That already put it above Macy's and Bed Bath & Beyond. Facebook Inc.'s value, meanwhile, stood at $104 billion at the time of its IPO.\u003c/p>\n\u003cp>Twitter, named after the sound of a chirping bird, got its start 7 years ago, first with Jack Dorsey and then Evan Williams as CEO. Its current chief is Dick Costolo, a former Google executive who once aspired to be a stand-up comedian. On March 21, 2006, Dorsey posted the world's first tweet: \"Just setting up my twttr.\" Noah Glass, who helped create Twitter posted the same words just 10 minutes later.\u003c/p>\n\u003cp>Since then, the social network that lets users send short messages in 140-character bursts has attracted world leaders, religious icons and celebrities, along with CEOs, businesses and a slew of marketers and self-promoters.\u003c/p>\n\u003cp>Tempering expectations was a big theme in the weeks leading up to Twitter's IPO, but that all but flew out the window with the stock's opening surge.\u003c/p>\n\u003cp>\"Twitter now just has to deliver on all this,\" Entner says.\u003c/p>\n\u003cp>The company tried to avoid the trouble that plagued Facebook's high-profile offering. Facebook's public debut was marred by technical glitches on the Nasdaq Stock Exchange. As a result, the Securities and Exchange Commission fined Nasdaq $10 million, the largest ever levied against an exchange. Those problems likely led Twitter to the NYSE.\u003c/p>\n\u003cp>Twitter is also likely hoping for a first-day pop of its shares that eluded Facebook's stock. Facebook's shares closed just 23 cents above their $38 IPO price on their first trading day. They traded below $38 for more than a year.\u003c/p>\n\u003cp>Still, $18 billion is a lofty valuation for Twitter compared with its peers. At its IPO price, Twitter valued at roughly 28 times its projected 2013 revenue —$650 million based on its current growth rate. In comparison, Facebook trades at about 16 times its projected 2013 revenue, according to analyst forecasts from FactSet. Google Inc. meanwhile, is trading at about 7 times its net revenue, the figure Wall Street follows that excludes ad commissions.\u003c/p>\n\u003cp>Research firm Outsell Inc. puts Twitter's fundamental value at about half of the IPO price, says analyst Ken Doctor. That figure is based on factors such as revenue and revenue growth.\u003c/p>\n\u003cp>\"That's not unusual,\" Doctor says. \"Especially for tech companies. You are betting on a big future.\"\u003c/p>\n\u003cp>One of Twitter's biggest challenges as a newly public company will be to generate more revenue outside the U.S. More than three-quarters of Twitter's 232 million users are outside the U.S. But only 26 percent of Twitter's revenue comes from abroad. The company has said that it plans to bring in more international revenue by hiring more sales representatives in countries such as Australia, Brazil and Ireland.\u003c/p>\n\u003cp>The pricing means Twitter raised $1.8 billion in the offering before expenses. Twitter was offering 70 million shares in the IPO, plus an option to buy another 10.5 million. If all shares are sold, the IPO will raise $2.09 billion, making it the biggest IPO for an Internet company since Facebook raised $16 billion last year.\u003c/p>\n\u003cp>Twitter, which has never turned a profit in 7 years of existence, had originally set a price range of $17 to $20 per share for the IPO, but that was an obvious lowball designed to temper expectations. It was widely expected that the price range would go higher. Back in August, for example, the company priced some of its employee stock options at $20.62, based on an appraisal by an investment firm and it's unlikely to have lost value since.\u003c/p>\n\u003cp>Twitter's shares enter a frothy market. The Dow Jones industrial average closed at a record high on Wednesday, up 128 points, or 0.8 percent, to 15,746. The Standard & Poor's 500 index rose seven points, or 0.4 percent, to 1,770, just one point below its own all-time high.\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>\u003cem>AP Technology Writer Michael Liedtke in San Francisco and AP Markets Writer Ken Sweet in New York contributed to this story.\u003c/em>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_117483\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/11/07/twitter-ipo-stock-debuts-on-NYSE/rs7447_187232512-hpf/\" rel=\"attachment wp-att-117483\">\u003cimg class=\"size-full wp-image-117483\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/11/RS7447_187232512-hpf.jpg\" alt=\" The Twitter logo is displayed on a banner outside the New York Stock Exchange. (Photo by Andrew Burton/Getty Images)\" width=\"640\" height=\"427\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The Twitter logo is displayed on a banner outside the New York Stock Exchange. (Photo by Andrew Burton/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>So much for our plan to wait until Twitter's stock falls 50 percent or so before buying. The microblogging company with dreams of becoming a profitable global advertising platform launched its IPO today. The stock opened at $45, about 80 percent above the initial offering price set just last night.\u003c/p>\n\u003cp>Here's coverage from the Wall Street Journal: \u003ca href=\"http://blogs.wsj.com/moneybeat/2013/11/07/live-blogging-twitters-ipo/?mod=yahoo_hs\" target=\"_blank\">Live Blogging Twitter's IPO\u003c/a>.\u003cbr>\n\u003c!--more-->\u003cbr>\nHere's a reminder, \u003ca href=\"http://www.wired.com/business/2013/11/twitter-goes-public/\" target=\"_blank\">via Wired's Ryan Tate\u003c/a>, that despite what I'll call the crazy rise in the stock, Twitter hasn't conquered the world yet:\u003c/p>\n\u003cblockquote>\u003cp>Despite all the froth around Twitter’s IPO, the company isn’t all that big, with a valuation, at the moment, of around $31.5 billion. Rival Facebook clocks in at around $120 billion, while an icon of the last tech boom, Amazon, is worth $163 billion. Google is at $342 billion. Twitter is closer to being an Intuit or Adobe than the next Facebook.\u003c/p>\n\u003cp>Part of that difference is down to the fact that Twitter bleeds cash while Facebook gushes profit. After losing $80 million last year, Twitter posted a net loss of $134 million for the first nine months of this year, according to a company filing with the Securities and Exchange Commission. It has never been profitable. Facebook, in contrast, grew profits for at least three years to $1 billion before it went public.\u003c/p>\u003c/blockquote>\n\u003cp>And The Atlantic points out that even artsy-crafty Etsy has a take on the IPO:\u003c/p>\n\u003cblockquote class=\"twitter-tweet\">\u003cp>The Twitter IPO, in the tender eyes of Etsy \u003ca href=\"http://t.co/ovaCTlC5hC\">http://t.co/ovaCTlC5hC\u003c/a>\u003c/p>\n\u003cp>— TheAtlanticTech (@TheAtlanticTECH) \u003ca href=\"https://twitter.com/TheAtlanticTECH/statuses/398492970673922048\">November 7, 2013\u003c/a>\u003c/p>\u003c/blockquote>\n\u003cp>Here's the latest Associated Press take on the IPO and the opening of trading:\u003c/p>\n\u003cp>\u003cstrong>Barbara Ortutay\u003cbr>\nAP Technology Writer\u003c/strong>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>NEW YORK — If Twitter's bankers and executives were hoping for a surge on the day of the stock's public debut, they got it. The stock opened at $45.10 a share on its first day of trading, 73 percent above its initial offering price.\u003c/p>\n\u003cp>\"It's gone on pretty flawlessly,\" says JJ Kinahan, chief strategist at TD Ameritrade.\u003c/p>\n\u003cp>The stock is now trading on the New York Stock Exchange under the symbol \"TWTR.\" It's the most highly anticipated initial public stock offering since Facebook debuted last year. More than an hour into trading, the stock is holding steady. This tight range of trading, Kinahan says, indicates that people \"feel like it was pretty fairly priced.\"\u003c/p>\n\u003cp>The opening price values Twitter Inc. at $31 billion, which puts it in in range of KFC and Pizza Hut owner Yum Brands, tractor and tool maker Deere & Co. and slightly below State Street Corp., a financial services holding company.\u003c/p>\n\u003cp>\"It clearly shows that demand exceeds the supply of shares,\" says Wedbush analyst Michael Pachter. \"It's impossible to know what the real value is.\"\u003c/p>\n\u003cp>Twitter's shares jumped as high as $50.09 on Thursday morning and were up $19.14, or 73.6 percent, at $45.14 in midday trading amid a broader market decline. Tech stocks were broadly down as well, with Facebook Inc. sliding $1.02, or 2.1 percent, to $48.10.\u003c/p>\n\u003cp>Earlier in the day, Twitter gave users the opportunity to ring NYSE's opening bell instead of executives. The users included Sir Patrick Stewart, Captain Jean-Luc Picard in \"Star Trek: The Next Generation\"; Vivienne Harr, a 9-year-old girl who ran a lemonade stand for a year to raise money to end child slavery; and Cheryl Fiandaca of the Boston Police Department.\u003c/p>\n\u003cp>Twitter's initial public offering was carefully orchestrated to avoid the glitches and eventual letdown that surrounded Facebook's initial public offering on the Nasdaq 18 months ago. Still, it's the most highly anticipated IPO since its Silicon Valley rival's 2012 debut.\u003c/p>\n\u003cp>\"In hindsight when you look at this you almost think they left a little too much money on the table,\" says Roger Entner of Recon Analytics.\u003c/p>\n\u003cp>What Entner means is that Twitter raised $1.8 billion Wednesday night when it sold 70 million shares at $26 each. Had it priced the stock at $30, for instance, the company would have taken away $2.1 billion. At $35, it would have reaped nearly $2.5 billion.\u003c/p>\n\u003cp>At $26 per share, Twitter was valued at more than $18 billion based on its outstanding stock, options and restricted stock expected to be available after the IPO. That already put it above Macy's and Bed Bath & Beyond. Facebook Inc.'s value, meanwhile, stood at $104 billion at the time of its IPO.\u003c/p>\n\u003cp>Twitter, named after the sound of a chirping bird, got its start 7 years ago, first with Jack Dorsey and then Evan Williams as CEO. Its current chief is Dick Costolo, a former Google executive who once aspired to be a stand-up comedian. On March 21, 2006, Dorsey posted the world's first tweet: \"Just setting up my twttr.\" Noah Glass, who helped create Twitter posted the same words just 10 minutes later.\u003c/p>\n\u003cp>Since then, the social network that lets users send short messages in 140-character bursts has attracted world leaders, religious icons and celebrities, along with CEOs, businesses and a slew of marketers and self-promoters.\u003c/p>\n\u003cp>Tempering expectations was a big theme in the weeks leading up to Twitter's IPO, but that all but flew out the window with the stock's opening surge.\u003c/p>\n\u003cp>\"Twitter now just has to deliver on all this,\" Entner says.\u003c/p>\n\u003cp>The company tried to avoid the trouble that plagued Facebook's high-profile offering. Facebook's public debut was marred by technical glitches on the Nasdaq Stock Exchange. As a result, the Securities and Exchange Commission fined Nasdaq $10 million, the largest ever levied against an exchange. Those problems likely led Twitter to the NYSE.\u003c/p>\n\u003cp>Twitter is also likely hoping for a first-day pop of its shares that eluded Facebook's stock. Facebook's shares closed just 23 cents above their $38 IPO price on their first trading day. They traded below $38 for more than a year.\u003c/p>\n\u003cp>Still, $18 billion is a lofty valuation for Twitter compared with its peers. At its IPO price, Twitter valued at roughly 28 times its projected 2013 revenue —$650 million based on its current growth rate. In comparison, Facebook trades at about 16 times its projected 2013 revenue, according to analyst forecasts from FactSet. Google Inc. meanwhile, is trading at about 7 times its net revenue, the figure Wall Street follows that excludes ad commissions.\u003c/p>\n\u003cp>Research firm Outsell Inc. puts Twitter's fundamental value at about half of the IPO price, says analyst Ken Doctor. That figure is based on factors such as revenue and revenue growth.\u003c/p>\n\u003cp>\"That's not unusual,\" Doctor says. \"Especially for tech companies. You are betting on a big future.\"\u003c/p>\n\u003cp>One of Twitter's biggest challenges as a newly public company will be to generate more revenue outside the U.S. More than three-quarters of Twitter's 232 million users are outside the U.S. But only 26 percent of Twitter's revenue comes from abroad. The company has said that it plans to bring in more international revenue by hiring more sales representatives in countries such as Australia, Brazil and Ireland.\u003c/p>\n\u003cp>The pricing means Twitter raised $1.8 billion in the offering before expenses. Twitter was offering 70 million shares in the IPO, plus an option to buy another 10.5 million. If all shares are sold, the IPO will raise $2.09 billion, making it the biggest IPO for an Internet company since Facebook raised $16 billion last year.\u003c/p>\n\u003cp>Twitter, which has never turned a profit in 7 years of existence, had originally set a price range of $17 to $20 per share for the IPO, but that was an obvious lowball designed to temper expectations. It was widely expected that the price range would go higher. Back in August, for example, the company priced some of its employee stock options at $20.62, based on an appraisal by an investment firm and it's unlikely to have lost value since.\u003c/p>\n\u003cp>Twitter's shares enter a frothy market. The Dow Jones industrial average closed at a record high on Wednesday, up 128 points, or 0.8 percent, to 15,746. The Standard & Poor's 500 index rose seven points, or 0.4 percent, to 1,770, just one point below its own all-time high.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "Twitter Sets IPO Price: $26 ",
"title": "Twitter Sets IPO Price: $26 ",
"headTitle": "News Fix | KQED News",
"content": "\u003cfigure id=\"attachment_113735\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/10/03/twitter-unveils-ipo-details-ticker-symbol-will-be-twtr/rs6714_photo-hpf/\" rel=\"attachment wp-att-113735\">\u003cimg class=\"size-full wp-image-113735\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/RS6714_photo-hpf.jpg\" alt=\"Twitter headquarters, on Market Street in San Francisco (Olivia Hubert-Allen). \" width=\"640\" height=\"480\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Twitter headquarters, on Market Street in San Francisco. (Olivia Hubert-Allen)\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cstrong>Update, 9 a.m. Thursday:\u003c/strong> \u003ca href=\"http://ww2.kqed.org/news/2013/11/07/twitter-ipo-stock-debuts-on-NYSE\" target=\"_blank\">Twitter Debuts on NYSE, Then Goes Nuts\u003c/a>\u003c/p>\n\u003cp>\u003cstrong>Original post:\u003c/strong> Twitter — to be known on the New York Stock Exchange as TWTR — just set a price for its initial public offering, scheduled to open trading Thursday morning. The price: 26 bucks. That's way above the original range of $17 to $20 and even higher than the revised (not to say \"jacked up\") range of $23 to $25 announced earlier this week.\u003c/p>\n\u003cp>The company announced the news on its own service, naturally (we think they've cheated on the 140-character limit with the linked disclaimer document, though):\u003c/p>\n\u003cblockquote class=\"twitter-tweet\">\u003cp>We just priced our IPO. \u003ca href=\"http://t.co/NWXaO4Myq0\">pic.twitter.com/NWXaO4Myq0\u003c/a>\u003c/p>\n\u003cp>— Twitter (@twitter) \u003ca href=\"https://twitter.com/twitter/statuses/398235511254298624\">November 6, 2013\u003c/a>\u003c/p>\u003c/blockquote>\n\u003cp>One line from that disclaimer: \"This Tweet shall not constitute an offer to sell or the solicitation of an offer to buy\" the company's stock.\u003c/p>\n\u003cp>Here's the story from the Associated Press:\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>NEW YORK — Twitter has set a price of $26 for its initial public offering of stock, which means the company's shares can begin trading Thursday on the New York Stock Exchange.\u003c/p>\n\u003cp>The price values Twitter at more than $18 billion based on its outstanding stock, options and restricted stock that'll be available after the IPO.\u003c/p>\n\u003cp>Twitter Inc. had originally set a price range of $17 to $20 per share for its IPO, but analysts expected that to go higher. The company raised the range on Monday to $23 to $25 per share, signaling enthusiastic response from prospective investors.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The San Francisco-based short messaging service is offering 70 million shares in the IPO, plus an option to buy another 10.5 million. It is set to begin trading Thursday morning under the symbol \"TWTR.\"\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_113735\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/10/03/twitter-unveils-ipo-details-ticker-symbol-will-be-twtr/rs6714_photo-hpf/\" rel=\"attachment wp-att-113735\">\u003cimg class=\"size-full wp-image-113735\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/RS6714_photo-hpf.jpg\" alt=\"Twitter headquarters, on Market Street in San Francisco (Olivia Hubert-Allen). \" width=\"640\" height=\"480\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Twitter headquarters, on Market Street in San Francisco. (Olivia Hubert-Allen)\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cstrong>Update, 9 a.m. Thursday:\u003c/strong> \u003ca href=\"http://ww2.kqed.org/news/2013/11/07/twitter-ipo-stock-debuts-on-NYSE\" target=\"_blank\">Twitter Debuts on NYSE, Then Goes Nuts\u003c/a>\u003c/p>\n\u003cp>\u003cstrong>Original post:\u003c/strong> Twitter — to be known on the New York Stock Exchange as TWTR — just set a price for its initial public offering, scheduled to open trading Thursday morning. The price: 26 bucks. That's way above the original range of $17 to $20 and even higher than the revised (not to say \"jacked up\") range of $23 to $25 announced earlier this week.\u003c/p>\n\u003cp>The company announced the news on its own service, naturally (we think they've cheated on the 140-character limit with the linked disclaimer document, though):\u003c/p>\n\u003cblockquote class=\"twitter-tweet\">\u003cp>We just priced our IPO. \u003ca href=\"http://t.co/NWXaO4Myq0\">pic.twitter.com/NWXaO4Myq0\u003c/a>\u003c/p>\n\u003cp>— Twitter (@twitter) \u003ca href=\"https://twitter.com/twitter/statuses/398235511254298624\">November 6, 2013\u003c/a>\u003c/p>\u003c/blockquote>\n\u003cp>One line from that disclaimer: \"This Tweet shall not constitute an offer to sell or the solicitation of an offer to buy\" the company's stock.\u003c/p>\n\u003cp>Here's the story from the Associated Press:\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>NEW YORK — Twitter has set a price of $26 for its initial public offering of stock, which means the company's shares can begin trading Thursday on the New York Stock Exchange.\u003c/p>\n\u003cp>The price values Twitter at more than $18 billion based on its outstanding stock, options and restricted stock that'll be available after the IPO.\u003c/p>\n\u003cp>Twitter Inc. had originally set a price range of $17 to $20 per share for its IPO, but analysts expected that to go higher. The company raised the range on Monday to $23 to $25 per share, signaling enthusiastic response from prospective investors.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The San Francisco-based short messaging service is offering 70 million shares in the IPO, plus an option to buy another 10.5 million. It is set to begin trading Thursday morning under the symbol \"TWTR.\"\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cfigure id=\"attachment_116738\" class=\"wp-caption alignleft\" style=\"max-width: 195px\">\u003ca href=\"http://ww2.kqed.org/news/2013/10/31/priced-out-what-we-give-up-to-live-in-the-bay-area/ramen-kevynjacobs-flickr/\" rel=\"attachment wp-att-116738\">\u003cimg class=\"size-medium wp-image-116738 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/ramen-kevynjacobs-flickr-225x300.jpg\" alt=\"Eating in is one way that listeners save more to pay for their housing. Photo: kevynjabobs/flickr\" width=\"195\" height=\"260\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Eating in is one way that listeners save more to pay for their housing. Photo: kevynjabobs/flickr\u003c/figcaption>\u003c/figure>\n\u003cp>Last Thursday \u003ca href=\"http://www.kqed.org/a/forum/R201310311000\">Forum\u003c/a> launched KQED's \"\u003ca href=\"http://ww2.kqed.org/news/2013/10/30/kqed-launches-priced-out-the-high-cost-of-housing-in-the-bay-area/\" target=\"_blank\">Priced Out: The Bay Area's High Cost of Housing\u003c/a>,\" discussing what's driving the market, what these prohibitive costs mean for the region, and what to expect in the short and long term.\u003c/p>\n\u003cp>The news wasn't good for anyone trying to move anytime soon: San Francisco has the second-least affordable rental market in the U.S. despite having the highest minimum wage.\u003c/p>\n\u003cp>One guest went so far to say, \"God wanted the Bay Area to be expensive,\" citing the lack of space to expand development and good weather.\u003c/p>\n\u003cp>Yet some of us -- lots of us -- are still able to live here. But how?\u003c/p>\n\u003cp>That's what we want know: what do you sacrifice to be able to afford housing in the Bay Area. Here's how some listeners have weighed in ...\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp> \u003c/p>\n\u003cdiv class=\"storify\">\u003ciframe src=\"//storify.com/KQEDForum/what-do-you-give-up-to-afford-housing-in-the-bay-a/embed?header=false\" frameborder=\"no\" width=\"100%\" height=\"750\">\u003c/iframe>[\u003ca href=\"//storify.com/KQEDForum/what-do-you-give-up-to-afford-housing-in-the-bay-a\" target=\"_blank\">View the story \"What Do You Give Up to Afford Housing in the Bay Area?\" on Storify\u003c/a>]\u003c/div>\n\u003cp>\u003c/p>\n\u003cp>[contextly_sidebar id=\"9dee962e2cdad0c75eb8ce738981a041\"]\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_116738\" class=\"wp-caption alignleft\" style=\"max-width: 195px\">\u003ca href=\"http://ww2.kqed.org/news/2013/10/31/priced-out-what-we-give-up-to-live-in-the-bay-area/ramen-kevynjacobs-flickr/\" rel=\"attachment wp-att-116738\">\u003cimg class=\"size-medium wp-image-116738 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/ramen-kevynjacobs-flickr-225x300.jpg\" alt=\"Eating in is one way that listeners save more to pay for their housing. Photo: kevynjabobs/flickr\" width=\"195\" height=\"260\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Eating in is one way that listeners save more to pay for their housing. Photo: kevynjabobs/flickr\u003c/figcaption>\u003c/figure>\n\u003cp>Last Thursday \u003ca href=\"http://www.kqed.org/a/forum/R201310311000\">Forum\u003c/a> launched KQED's \"\u003ca href=\"http://ww2.kqed.org/news/2013/10/30/kqed-launches-priced-out-the-high-cost-of-housing-in-the-bay-area/\" target=\"_blank\">Priced Out: The Bay Area's High Cost of Housing\u003c/a>,\" discussing what's driving the market, what these prohibitive costs mean for the region, and what to expect in the short and long term.\u003c/p>\n\u003cp>The news wasn't good for anyone trying to move anytime soon: San Francisco has the second-least affordable rental market in the U.S. despite having the highest minimum wage.\u003c/p>\n\u003cp>One guest went so far to say, \"God wanted the Bay Area to be expensive,\" citing the lack of space to expand development and good weather.\u003c/p>\n\u003cp>Yet some of us -- lots of us -- are still able to live here. But how?\u003c/p>\n\u003cp>That's what we want know: what do you sacrifice to be able to afford housing in the Bay Area. Here's how some listeners have weighed in ...\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "Google Barge Speculation Heats Up After News Report",
"title": "Google Barge Speculation Heats Up After News Report",
"headTitle": "News Fix | KQED News",
"content": "\u003cp>\u003cstrong>By Jon Brooks and Katharine Fong\u003c/strong>\u003c/p>\n\u003cfigure id=\"attachment_116766\" class=\"wp-caption alignnone\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/10/31/google-barge/rs7294_google_barge_web_3-scr/\" rel=\"attachment wp-att-116766\">\u003cimg class=\"size-full wp-image-116766\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/RS7294_Google_Barge_web_3-scr-e1383263627908.jpg\" alt=\"A thing of mystery. (Sara Bloomberg / KQED)\" width=\"640\" height=\"427\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">A thing of mystery. (Sara Bloomberg / KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>There comes a time in every online journalist's life when he has to capitulate to the newsworthiness of that damned Google Barge.\u003c/p>\n\u003cp>So, uncle, we say.\u003c/p>\n\u003cp>Uncle.\u003cstrong> \u003c/strong>\u003c/p>\n\u003cp>Citing \"multiple sources,\" \u003ca href=\"http://sanfrancisco.cbslocal.com/2013/10/31/googles-secret-revealed-barge-to-offer-high-end-showrooms-party-deck/\" target=\"_blank\">KPIX reported\u003c/a> last night that the barge \"will feature luxury showrooms and a party deck ... to market Google Glass and other gadgets to invitation-only clients.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003cstrong>\u003c/strong>\u003c/p>\n\u003caside class=\"pullquote alignleft\">A \u003ca href=\"http://ww2.kqed.org/news/2013/10/31/google-barge/#list\">partial list\u003c/a> of what the barge might be:\n\u003cul>\n\u003cli>\u003cstrong>Offshore housing for San Francisco residents displaced by tech workers \u003c/strong>\u003c/li>\n\u003cli>\u003cstrong>Prototype of Google entry for the next America's Cup\u003c/strong>\u003c/li>\n\u003cli>\u003cstrong>Dick Cheney's new undisclosed location\u003c/strong>\u003c/li>\u003c/ul>\u003c/aside>\n\u003cp>\n\n\u003c/p>\u003cblockquote>\u003cp>The project, which has been in the planning stages for more than a year, was created at Google[x], the secret facility that Google reportedly runs near its corporate headquarters in Mountain View. It is personally directed by Google co-founder Sergey Brin and is Google’s attempt to upstage rival Apple and its chain of popular retail stores, sources said.\u003c/p>\u003c/blockquote>\n\u003cp> \u003c/p>\n\u003cp>KPIX also says the building is made out of shipping containers that can be disassembled and reconstructed in other locations.\u003c/p>\n\u003cp>\u003ca href=\"http://sanfrancisco.cbslocal.com/video?autoStart=true&topVideoCatNo=default&clipId=9478663\" target=\"_blank\">Watch the video report here\u003c/a>.\u003c/p>\n\u003cp>\u003ca href=\"http://news.cnet.com/8301-1023_3-57608585-93/is-google-building-a-hulking-floating-data-center-in-sf-bay/\" target=\"_blank\">CNET broke the barge story\u003c/a> last week, reporting that \"Google was granted a patent in 2009 for a floating data center, and putting data centers inside shipping containers is already a well-established practice.\" Google has a history of \u003ca href=\"http://news.cnet.com/Jostling-to-get-inside-Googles-Oregon-outpost/2100-1030_3-6089518.html\">putting data centers in places with cheap cooling\u003c/a> — a best-usage idea for the bay if we've ever heard one — as well as taking on unique projects like \u003ca title=\"Meet Google's 'Project Loon': Balloon-powered Net access -- Friday, Jun 14, 2013\" href=\"http://news.cnet.com/8301-17938_105-57589464-1/meet-googles-project-loon-balloon-powered-net-access/\">bringing Internet access to developing nations via balloons\u003c/a> and \u003ca title=\"Google said to deploy Wi-Fi blimps in Africa and Asia -- Monday, May 27, 2013\" href=\"http://news.cnet.com/8301-1023_3-57586348-93/google-said-to-deploy-wi-fi-blimps-in-africa-and-asia/\">blimps\u003c/a>.\u003c/p>\n\u003cp>But others have suggested that the barge will be a \u003ca href=\"http://sanfrancisco.cbslocal.com/2013/10/25/secret-google-facility-found-floating-on-san-francisco-bay/\">floating store for Google Glass\u003c/a>, or as a \u003ca href=\"http://www.mercurynews.com/business/ci_24409819/googles-top-secret-floating-facility-waterborne-data-center?source=pkg\">floating classroom to teach about tech\u003c/a>. (See the Washington Post's \u003ca href=\"http://www.washingtonpost.com/blogs/innovations/wp/2013/10/30/googles-crazy-barge-scheme-your-complete-guide/?tid=pm_national_pop\" target=\"_blank\">Google's crazy barge scheme: Your complete guide\u003c/a> for more. And don't forget, there's \u003ca href=\"http://www.latimes.com/business/technology/la-fi-tn-google-barges-what-could-they-be-20131029,0,804501.story#axzz2jJqDsEYa\" target=\"_blank\">another secret floating barge\u003c/a> all the way on the other side of the country. Which means, of course, we are now \u003cem>surrounded\u003c/em>.)\u003c/p>\n\u003cp>Whatever the barge is, no one is at liberty to say, at least publicly. Non-disclosure agreements have been flying all over the place. Even the U.S. Coast Guard, which \u003ca href=\"http://www.usatoday.com/story/news/nation/2013/10/30/coast-guard-visits-mysterious-google-barge/3318347/\">visited the barge yesterday\u003c/a>, had to sign NDAs.\u003c/p>\n\u003cp>Two nights ago, Jon Stewart weighed in, in a segment titled \"Floaters\" (!). Stewart noted Google's ubiquity, now surrounding us on water and from the air, as well as monitoring every street in the country — and, with its effort to \u003ca href=\"http://content.time.com/time/magazine/article/0,9171,2152422,00.html\">\"solve death,\"\u003c/a> he said, the company \"won't even let us die!\"\u003c/p>\n\u003cp>\u003ciframe src=\"http://media.mtvnservices.com/embed/mgid:cms:video:thedailyshow.com:430081\" frameborder=\"0\" width=\"360\" height=\"293\">\u003c/iframe>\u003c/p>\n\u003cp>\u003c!--more-->In keeping with \"write what you know,\" Mercury News Sports columnist Mark Purdy on Thursday \u003ca href=\"http://www.mercurynews.com/sports/ci_24422304/purdy-google-barge-docked-at-treasure-island-leads\">offered up\u003c/a> his own theories about the mysterious barge, summed up in a handy poll for readers:\u003c/p>\n\u003cp>What should the Google barge hold?\u003c/p>\n\u003cul>\n\u003cli>The \"GoogleBarn\" Warriors stadium (cheaper than renovating Piers 30-32)\u003c/li>\n\u003cli>49er Michael Crabtree's secret Achilles' tendon rehab facility\u003c/li>\n\u003cli>A floating medical unit for injured San Jose Sharks players\u003c/li>\n\u003cli>Shame shelter for Cal's non-graduate athletes\u003c/li>\n\u003cli>Storage for 50 dozen varieties of Oregon's football uniforms, to be used Nov. 7 against Stanford\u003c/li>\n\u003cli>Isolation chamber for Bud Selig, after he is kidnapped by Oakland and San Jose officials, until he finally decides the A's ballpark issue.\u003c/li>\n\u003c/ul>\n\u003cp>\u003ca name=\"list\">\u003c/a>\u003c/p>\n\u003cp>Suffice it to say, we're all dying to know what the barge is for. But if Google has its way, as Stewart reminded us, that may never happen. Some other possibilities ...\u003c/p>\n\u003cul>\n\u003cli>Offshore housing for San Francisco residents displaced by tech workers\u003c/li>\n\u003cli>Prototype of Google entry for the next America's Cup\u003c/li>\n\u003cli>Dick Cheney's new undisclosed location\u003c/li>\n\u003cli>Expensive yet too-literal tribute to \u003ca href=\"http://www.youtube.com/watch?v=cAQSZhazYk8\" target=\"_blank\">1980s soul group DeBarge\u003c/a>\u003c/li>\n\u003cli>Floating fortress for Larry Page walking-around money\u003c/li>\n\u003cli>\"Barge\" one of few nouns left in English language not modified by \"Google\" — \u003cem>rectified\u003c/em>.\u003c/li>\n\u003cli>The \u003ca href=\"http://www.google.com/imgres?imgurl=http://www.startrek.com/legacy_media/images/200508/tng-142-j25-borg-cube/320x240.jpg&imgrefurl=http://scary-pictures.feedio.net/wtf-star-trek-mondo-s-borg-queen-poster/mimg.ugo.com*201007*51066*cuts*spock-monkey_480x640.jpg/&h=240&w=320&sz=30&tbnid=3HM7Q9pLS-N3mM:&tbnh=103&tbnw=137&zoom=1&usg=__nBiVm-1teUZdKe-B7otsvs-B62c=&docid=n0EfZQjb4l1roM&sa=X&ei=C9tyUrj2Lqb5iQLj9IGQBQ&ved=0CD8Q9QEwAg\" target=\"_blank\">Borg\u003c/a> have finally \u003ca href=\"http://ww4.hdnux.com/photos/24/41/52/5380799/3/628x471.jpg\" target=\"_blank\">arrived\u003c/a>.\u003c/li>\n\u003c/ul>\n\u003cp>\u003c/p>\n\u003cp>Enjoy barge season. It may go on for awhile.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cstrong>By Jon Brooks and Katharine Fong\u003c/strong>\u003c/p>\n\u003cfigure id=\"attachment_116766\" class=\"wp-caption alignnone\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/10/31/google-barge/rs7294_google_barge_web_3-scr/\" rel=\"attachment wp-att-116766\">\u003cimg class=\"size-full wp-image-116766\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/RS7294_Google_Barge_web_3-scr-e1383263627908.jpg\" alt=\"A thing of mystery. (Sara Bloomberg / KQED)\" width=\"640\" height=\"427\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">A thing of mystery. (Sara Bloomberg / KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>There comes a time in every online journalist's life when he has to capitulate to the newsworthiness of that damned Google Barge.\u003c/p>\n\u003cp>So, uncle, we say.\u003c/p>\n\u003cp>Uncle.\u003cstrong> \u003c/strong>\u003c/p>\n\u003cp>Citing \"multiple sources,\" \u003ca href=\"http://sanfrancisco.cbslocal.com/2013/10/31/googles-secret-revealed-barge-to-offer-high-end-showrooms-party-deck/\" target=\"_blank\">KPIX reported\u003c/a> last night that the barge \"will feature luxury showrooms and a party deck ... to market Google Glass and other gadgets to invitation-only clients.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cstrong>\u003c/strong>\u003c/p>\n\u003caside class=\"pullquote alignleft\">A \u003ca href=\"http://ww2.kqed.org/news/2013/10/31/google-barge/#list\">partial list\u003c/a> of what the barge might be:\n\u003cul>\n\u003cli>\u003cstrong>Offshore housing for San Francisco residents displaced by tech workers \u003c/strong>\u003c/li>\n\u003cli>\u003cstrong>Prototype of Google entry for the next America's Cup\u003c/strong>\u003c/li>\n\u003cli>\u003cstrong>Dick Cheney's new undisclosed location\u003c/strong>\u003c/li>\u003c/ul>\u003c/aside>\n\u003cp>\n\n\u003c/p>\u003cblockquote>\u003cp>The project, which has been in the planning stages for more than a year, was created at Google[x], the secret facility that Google reportedly runs near its corporate headquarters in Mountain View. It is personally directed by Google co-founder Sergey Brin and is Google’s attempt to upstage rival Apple and its chain of popular retail stores, sources said.\u003c/p>\u003c/blockquote>\n\u003cp> \u003c/p>\n\u003cp>KPIX also says the building is made out of shipping containers that can be disassembled and reconstructed in other locations.\u003c/p>\n\u003cp>\u003ca href=\"http://sanfrancisco.cbslocal.com/video?autoStart=true&topVideoCatNo=default&clipId=9478663\" target=\"_blank\">Watch the video report here\u003c/a>.\u003c/p>\n\u003cp>\u003ca href=\"http://news.cnet.com/8301-1023_3-57608585-93/is-google-building-a-hulking-floating-data-center-in-sf-bay/\" target=\"_blank\">CNET broke the barge story\u003c/a> last week, reporting that \"Google was granted a patent in 2009 for a floating data center, and putting data centers inside shipping containers is already a well-established practice.\" Google has a history of \u003ca href=\"http://news.cnet.com/Jostling-to-get-inside-Googles-Oregon-outpost/2100-1030_3-6089518.html\">putting data centers in places with cheap cooling\u003c/a> — a best-usage idea for the bay if we've ever heard one — as well as taking on unique projects like \u003ca title=\"Meet Google's 'Project Loon': Balloon-powered Net access -- Friday, Jun 14, 2013\" href=\"http://news.cnet.com/8301-17938_105-57589464-1/meet-googles-project-loon-balloon-powered-net-access/\">bringing Internet access to developing nations via balloons\u003c/a> and \u003ca title=\"Google said to deploy Wi-Fi blimps in Africa and Asia -- Monday, May 27, 2013\" href=\"http://news.cnet.com/8301-1023_3-57586348-93/google-said-to-deploy-wi-fi-blimps-in-africa-and-asia/\">blimps\u003c/a>.\u003c/p>\n\u003cp>But others have suggested that the barge will be a \u003ca href=\"http://sanfrancisco.cbslocal.com/2013/10/25/secret-google-facility-found-floating-on-san-francisco-bay/\">floating store for Google Glass\u003c/a>, or as a \u003ca href=\"http://www.mercurynews.com/business/ci_24409819/googles-top-secret-floating-facility-waterborne-data-center?source=pkg\">floating classroom to teach about tech\u003c/a>. (See the Washington Post's \u003ca href=\"http://www.washingtonpost.com/blogs/innovations/wp/2013/10/30/googles-crazy-barge-scheme-your-complete-guide/?tid=pm_national_pop\" target=\"_blank\">Google's crazy barge scheme: Your complete guide\u003c/a> for more. And don't forget, there's \u003ca href=\"http://www.latimes.com/business/technology/la-fi-tn-google-barges-what-could-they-be-20131029,0,804501.story#axzz2jJqDsEYa\" target=\"_blank\">another secret floating barge\u003c/a> all the way on the other side of the country. Which means, of course, we are now \u003cem>surrounded\u003c/em>.)\u003c/p>\n\u003cp>Whatever the barge is, no one is at liberty to say, at least publicly. Non-disclosure agreements have been flying all over the place. Even the U.S. Coast Guard, which \u003ca href=\"http://www.usatoday.com/story/news/nation/2013/10/30/coast-guard-visits-mysterious-google-barge/3318347/\">visited the barge yesterday\u003c/a>, had to sign NDAs.\u003c/p>\n\u003cp>Two nights ago, Jon Stewart weighed in, in a segment titled \"Floaters\" (!). Stewart noted Google's ubiquity, now surrounding us on water and from the air, as well as monitoring every street in the country — and, with its effort to \u003ca href=\"http://content.time.com/time/magazine/article/0,9171,2152422,00.html\">\"solve death,\"\u003c/a> he said, the company \"won't even let us die!\"\u003c/p>\n\u003cp>\u003ciframe src=\"http://media.mtvnservices.com/embed/mgid:cms:video:thedailyshow.com:430081\" frameborder=\"0\" width=\"360\" height=\"293\">\u003c/iframe>\u003c/p>\n\u003cp>\u003c!--more-->In keeping with \"write what you know,\" Mercury News Sports columnist Mark Purdy on Thursday \u003ca href=\"http://www.mercurynews.com/sports/ci_24422304/purdy-google-barge-docked-at-treasure-island-leads\">offered up\u003c/a> his own theories about the mysterious barge, summed up in a handy poll for readers:\u003c/p>\n\u003cp>What should the Google barge hold?\u003c/p>\n\u003cul>\n\u003cli>The \"GoogleBarn\" Warriors stadium (cheaper than renovating Piers 30-32)\u003c/li>\n\u003cli>49er Michael Crabtree's secret Achilles' tendon rehab facility\u003c/li>\n\u003cli>A floating medical unit for injured San Jose Sharks players\u003c/li>\n\u003cli>Shame shelter for Cal's non-graduate athletes\u003c/li>\n\u003cli>Storage for 50 dozen varieties of Oregon's football uniforms, to be used Nov. 7 against Stanford\u003c/li>\n\u003cli>Isolation chamber for Bud Selig, after he is kidnapped by Oakland and San Jose officials, until he finally decides the A's ballpark issue.\u003c/li>\n\u003c/ul>\n\u003cp>\u003ca name=\"list\">\u003c/a>\u003c/p>\n\u003cp>Suffice it to say, we're all dying to know what the barge is for. But if Google has its way, as Stewart reminded us, that may never happen. Some other possibilities ...\u003c/p>\n\u003cul>\n\u003cli>Offshore housing for San Francisco residents displaced by tech workers\u003c/li>\n\u003cli>Prototype of Google entry for the next America's Cup\u003c/li>\n\u003cli>Dick Cheney's new undisclosed location\u003c/li>\n\u003cli>Expensive yet too-literal tribute to \u003ca href=\"http://www.youtube.com/watch?v=cAQSZhazYk8\" target=\"_blank\">1980s soul group DeBarge\u003c/a>\u003c/li>\n\u003cli>Floating fortress for Larry Page walking-around money\u003c/li>\n\u003cli>\"Barge\" one of few nouns left in English language not modified by \"Google\" — \u003cem>rectified\u003c/em>.\u003c/li>\n\u003cli>The \u003ca href=\"http://www.google.com/imgres?imgurl=http://www.startrek.com/legacy_media/images/200508/tng-142-j25-borg-cube/320x240.jpg&imgrefurl=http://scary-pictures.feedio.net/wtf-star-trek-mondo-s-borg-queen-poster/mimg.ugo.com*201007*51066*cuts*spock-monkey_480x640.jpg/&h=240&w=320&sz=30&tbnid=3HM7Q9pLS-N3mM:&tbnh=103&tbnw=137&zoom=1&usg=__nBiVm-1teUZdKe-B7otsvs-B62c=&docid=n0EfZQjb4l1roM&sa=X&ei=C9tyUrj2Lqb5iQLj9IGQBQ&ved=0CD8Q9QEwAg\" target=\"_blank\">Borg\u003c/a> have finally \u003ca href=\"http://ww4.hdnux.com/photos/24/41/52/5380799/3/628x471.jpg\" target=\"_blank\">arrived\u003c/a>.\u003c/li>\n\u003c/ul>\n\u003cp>\u003c/p>\n\u003cp>Enjoy barge season. It may go on for awhile.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Facebook Shares Soar 15% After Hours ... Then Give It All Back",
"title": "Facebook Shares Soar 15% After Hours ... Then Give It All Back",
"headTitle": "News Fix | KQED News",
"content": "\u003cp>\u003cimg class=\"aligncenter size-full wp-image-93309\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/04/facebook-e1381771793613.jpg\" alt=\"Facebook \" width=\"640\" height=\"426\">\u003c/p>\n\u003cp>\u003cstrong>Update\u003c/strong>: \u003ca href=\"http://finance.yahoo.com/q;_ylt=AlGt4i.jwqDRjLUyK_c1GVeiuYdG;_ylu=X3oDMTBwdm1qNzVjBHNlYwNVSCAzIERlc2t0b3AgU2VhcmNoIDI-;_ylg=X3oDMTByMXNyNDlhBGxhbmcDZW4tVVMEcHQDcG1oBHRlc3QDZ3MxOQ--;_ylv=3?uhb=uhb2&fr=uh3_finance_vert&type=2button&s=fb\" target=\"_blank\">Facebook shares\u003c/a> \u003cdel>are\u003c/del> were soaring after-hours on the heels of the company's third-quarter earnings release. The update: Unbelievably the stock rose about 15 percent after the expectations-beating numbers came out, then came tumbling down, dipping into the red.\u003c/p>\n\u003cp>So what happened? Here's the take from \u003ca href=\"http://allthingsd.com/20131030/liveblog-growth-mobile-and-more-on-facebooks-q3-earnings/?mod=atd_homepage_carousel\" target=\"_blank\">AllThingsD\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>Making money from mobile users — once considered a grim prospect for the social giant — has come faster than many could have anticipated; mobile revenues now account for nearly half of all ad revenues for the company. Growth is also up across the board in terms of user numbers.\u003c/p>\n\u003cp>Alas, that happiness was short-lived; after the stock skyrocketed 12 percent in after-hours trading to top more than $55, shares took a nosedive on the news that the company saw “a decrease in daily users — specifically among younger teens,” in its estimates. In mere minutes, the stock lost nearly $18 billion in market value.\u003c/p>\n\u003cp>While that’s certainly a problem the company has to solve, most of the call was fairly good news — ARPU is up, CapEx is down and mobile is humming along nice and smoothly.\u003c/p>\u003c/blockquote>\n\u003cp>Another take from \u003ca href=\"http://finance.yahoo.com/news/facebook-smashes-analyst-targets-executive-012332447.html\" target=\"_blank\">Reuters\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>In July, Facebook said it was showing one ad per 20 stories in the newsfeed, but Chief Financial Officer David Ebersman told analysts Wednesday that the current ratio, although slightly higher than 5 percent, would not increase much more going forward ... Ebersman's comments, combined with remarks suggesting that young teenage users in the U.S. were beginning to use Facebook less frequently, soured the mood abruptly ...\u003c/p>\u003c/blockquote>\n\u003cp>MarketWatch \u003ca href=\"http://blogs.marketwatch.com/thetell/2013/10/30/live-blog-facebooks-third-quarter-earnings-call/\" target=\"_blank\">live-blogge\u003c/a>\u003ca href=\"http://blogs.marketwatch.com/thetell/2013/10/30/live-blog-facebooks-third-quarter-earnings-call/\" target=\"_blank\">d\u003c/a>\u003ca href=\"http://blogs.marketwatch.com/thetell/2013/10/30/live-blog-facebooks-third-quarter-earnings-call/\" target=\"_blank\"> Facebook's conference call\u003c/a>. Excerpts from their blow-by-blow:\u003c/p>\n\u003cblockquote>\u003cp>2:02 p.m. Earnings call starting. Stock up 10%. Mark Zuckerberg, Sheryl Sandberg on the call\u003c/p>\n\u003cp>2:12 p.m. Chief Operating Officer Sheryl Sandberg now discussing financials. Stock up 8%.\u003c/p>\n\u003cp>2:25 p.m. [CFO David] Ebersman says Facebook does not expect to \"significantly increase ads as a percentage of newsfeed stories beyond where we were at the end of Q3.\"\u003c/p>\n\u003cp>2:26 p.m. Q&A starts. Stock now up 5%.\u003c/p>\n\u003cp>2:33 p.m. Stock has surrendered some gains, now up just 2.5%. Topeka's Victor Anthony tells MarketWatch it was probably the comment on a decline in daily usage among younger teens.\u003c/p>\n\u003cp>2:37 p.m. The comment from Ebersman about not increasing frequency of newsfeed ads may have spooked some investors, another analysts says.\u003c/p>\n\u003cp>2:39 p.m. Stock is now just up 1%.\u003c/p>\n\u003cp>2:53 p.m. Facebook shares turn negative.\u003c/p>\n\u003cp>2:59 p.m. Facebook's 14% after-hours stock gain: Gone. Could be comment on declining youth user growth or on caution in ramping up newsfeed ads.\u003c/p>\u003c/blockquote>\n\u003cp>\u003cem>\u003c!--more-->Earlier\u003c/em>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Numbers from MarketWatch and the Wall Street Journal:\u003c/p>\n\u003cblockquote>\u003cp>Facebook Q3 adjusted EPS 25 cents vs. 19c expected\u003c/p>\n\u003cp>Facebook Q3 revs $2.02B vs. $1.9B expected\u003c/p>\n\u003cp>Daily active users 728 million, up from 699 million last quarter and 584 million a year ago\u003c/p>\n\u003cp>Mobile monthly active users 874 million, up from 819 a quarter ago and 604 million a year ago\u003c/p>\n\u003cp>Revenue from advertising $1.8 billion. Mobile revenue is 49% of that -- up from $1.6 billion and 41% last quarter.\u003c/p>\u003c/blockquote>\n\u003cp>\u003ca href=\"http://files.shareholder.com/downloads/AMDA-NJ5DZ/2762500567x0x701521/ccb18475-2b8a-4bd2-a342-f2962e6f8e9d/FacebookReportsThirdQuarter2013Results.pdf\" target=\"_blank\">Complete earnings report here\u003c/a>.\u003c/p>\n\u003cp>\u003ca href=\"http://blogs.wsj.com/digits/2013/10/30/live-facebook-earnings-analyst-call/\" target=\"_blank\">Live blog\u003c/a> from the Wall Street Journal.\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003cem>Original post\u003c/em>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Facebook is set to announce third-quarter earnings after the bell at 1 p.m. PT. Shares are up more than 50 percent since its last report in July, and investors no doubt are hoping for more based on today's numbers. Some things to look for, all concerning mobile, mobile, mobile ...\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://blogs.wsj.com/digits/2013/10/30/facebook-earnings-what-to-watch/?mod=WSJ_hpp_MIDDLENexttoWhatsNewsFifth\" target=\"_blank\">Facebook Earnings: What to Watch\u003c/a> (Wall Street Journal)\u003cbr>\n\u003cblockquote>\u003cp>Mobile advertising grew to 41% of Facebook’s revenue in the second quarter, from 30% in the first quarter. Some analysts, though, questioned whether mobile advertising represented a truly new stream of revenue, or was simply being diverted from desktop advertising.\u003c/p>\n\u003cp>“It’s not advertisers saying ‘I must have mobile,’” said Brian Wieser, an analyst at Pivotal Group. He wants more details on how Facebook breaks out and calculates mobile advertising. Facebook declined to comment.\u003c/p>\u003c/blockquote>\n\u003c/li>\n\u003cli>\u003ca href=\"http://www.sfgate.com/business/article/Facebook-earnings-report-will-hinge-on-mobile-4937155.php\" target=\"_blank\">Facebook earnings report will hinge on mobile\u003c/a> (SF Chronicle)\u003cbr>\n\u003cblockquote>\u003cp>(T)he bigger revenue story down the line might be its Instagram mobile photo-sharing app, which is only beginning to experiment with ads.\u003c/p>\n\u003cp>\"Instagram definitely gives them that lift from mobile because it's a more native platform to advertise on\" than the main Facebook app, said Craig Elimeliah, vice president and director of creative technology at digital marketing agency Rapp.\u003c/p>\u003c/blockquote>\n\u003c/li>\n\u003cli>\u003ca href=\"http://www.businessinsider.com/heres-the-number-google-should-worry-about-when-facebook-reports-its-earnings-tomorrow-2013-10\">Here's The Number Google Should Worry About When Facebook Reports Its Earnings Tomorrow\u003c/a> (Business Insider)\u003cbr>\n\u003cblockquote>\u003cp>There's one number that Google sales boss Nikesh Arora should be on the lookout for: the number of mobile app developers who bought Facebook ads promoting their apps.\u003c/p>\n\u003cp>Facebook has an mobile ad product where app developers pay Facebook every time a user installs their app.\u003c/p>\n\u003cp>In the first quarter, 3,800 developers bought install apps. In the second quarter, the number increased to 8400. This quarter, the number could hit 20,000 or more. That number's rapid growth signifies how, as personal computing shifts from desktop to mobile, Google's position as the way for consumers to discovers businesses through the Internet is weakening.\u003c/p>\u003c/blockquote>\n\u003c/li>\n\u003c/ul>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cimg class=\"aligncenter size-full wp-image-93309\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/04/facebook-e1381771793613.jpg\" alt=\"Facebook \" width=\"640\" height=\"426\">\u003c/p>\n\u003cp>\u003cstrong>Update\u003c/strong>: \u003ca href=\"http://finance.yahoo.com/q;_ylt=AlGt4i.jwqDRjLUyK_c1GVeiuYdG;_ylu=X3oDMTBwdm1qNzVjBHNlYwNVSCAzIERlc2t0b3AgU2VhcmNoIDI-;_ylg=X3oDMTByMXNyNDlhBGxhbmcDZW4tVVMEcHQDcG1oBHRlc3QDZ3MxOQ--;_ylv=3?uhb=uhb2&fr=uh3_finance_vert&type=2button&s=fb\" target=\"_blank\">Facebook shares\u003c/a> \u003cdel>are\u003c/del> were soaring after-hours on the heels of the company's third-quarter earnings release. The update: Unbelievably the stock rose about 15 percent after the expectations-beating numbers came out, then came tumbling down, dipping into the red.\u003c/p>\n\u003cp>So what happened? Here's the take from \u003ca href=\"http://allthingsd.com/20131030/liveblog-growth-mobile-and-more-on-facebooks-q3-earnings/?mod=atd_homepage_carousel\" target=\"_blank\">AllThingsD\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>Making money from mobile users — once considered a grim prospect for the social giant — has come faster than many could have anticipated; mobile revenues now account for nearly half of all ad revenues for the company. Growth is also up across the board in terms of user numbers.\u003c/p>\n\u003cp>Alas, that happiness was short-lived; after the stock skyrocketed 12 percent in after-hours trading to top more than $55, shares took a nosedive on the news that the company saw “a decrease in daily users — specifically among younger teens,” in its estimates. In mere minutes, the stock lost nearly $18 billion in market value.\u003c/p>\n\u003cp>While that’s certainly a problem the company has to solve, most of the call was fairly good news — ARPU is up, CapEx is down and mobile is humming along nice and smoothly.\u003c/p>\u003c/blockquote>\n\u003cp>Another take from \u003ca href=\"http://finance.yahoo.com/news/facebook-smashes-analyst-targets-executive-012332447.html\" target=\"_blank\">Reuters\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>In July, Facebook said it was showing one ad per 20 stories in the newsfeed, but Chief Financial Officer David Ebersman told analysts Wednesday that the current ratio, although slightly higher than 5 percent, would not increase much more going forward ... Ebersman's comments, combined with remarks suggesting that young teenage users in the U.S. were beginning to use Facebook less frequently, soured the mood abruptly ...\u003c/p>\u003c/blockquote>\n\u003cp>MarketWatch \u003ca href=\"http://blogs.marketwatch.com/thetell/2013/10/30/live-blog-facebooks-third-quarter-earnings-call/\" target=\"_blank\">live-blogge\u003c/a>\u003ca href=\"http://blogs.marketwatch.com/thetell/2013/10/30/live-blog-facebooks-third-quarter-earnings-call/\" target=\"_blank\">d\u003c/a>\u003ca href=\"http://blogs.marketwatch.com/thetell/2013/10/30/live-blog-facebooks-third-quarter-earnings-call/\" target=\"_blank\"> Facebook's conference call\u003c/a>. Excerpts from their blow-by-blow:\u003c/p>\n\u003cblockquote>\u003cp>2:02 p.m. Earnings call starting. Stock up 10%. Mark Zuckerberg, Sheryl Sandberg on the call\u003c/p>\n\u003cp>2:12 p.m. Chief Operating Officer Sheryl Sandberg now discussing financials. Stock up 8%.\u003c/p>\n\u003cp>2:25 p.m. [CFO David] Ebersman says Facebook does not expect to \"significantly increase ads as a percentage of newsfeed stories beyond where we were at the end of Q3.\"\u003c/p>\n\u003cp>2:26 p.m. Q&A starts. Stock now up 5%.\u003c/p>\n\u003cp>2:33 p.m. Stock has surrendered some gains, now up just 2.5%. Topeka's Victor Anthony tells MarketWatch it was probably the comment on a decline in daily usage among younger teens.\u003c/p>\n\u003cp>2:37 p.m. The comment from Ebersman about not increasing frequency of newsfeed ads may have spooked some investors, another analysts says.\u003c/p>\n\u003cp>2:39 p.m. Stock is now just up 1%.\u003c/p>\n\u003cp>2:53 p.m. Facebook shares turn negative.\u003c/p>\n\u003cp>2:59 p.m. Facebook's 14% after-hours stock gain: Gone. Could be comment on declining youth user growth or on caution in ramping up newsfeed ads.\u003c/p>\u003c/blockquote>\n\u003cp>\u003cem>\u003c!--more-->Earlier\u003c/em>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Numbers from MarketWatch and the Wall Street Journal:\u003c/p>\n\u003cblockquote>\u003cp>Facebook Q3 adjusted EPS 25 cents vs. 19c expected\u003c/p>\n\u003cp>Facebook Q3 revs $2.02B vs. $1.9B expected\u003c/p>\n\u003cp>Daily active users 728 million, up from 699 million last quarter and 584 million a year ago\u003c/p>\n\u003cp>Mobile monthly active users 874 million, up from 819 a quarter ago and 604 million a year ago\u003c/p>\n\u003cp>Revenue from advertising $1.8 billion. Mobile revenue is 49% of that -- up from $1.6 billion and 41% last quarter.\u003c/p>\u003c/blockquote>\n\u003cp>\u003ca href=\"http://files.shareholder.com/downloads/AMDA-NJ5DZ/2762500567x0x701521/ccb18475-2b8a-4bd2-a342-f2962e6f8e9d/FacebookReportsThirdQuarter2013Results.pdf\" target=\"_blank\">Complete earnings report here\u003c/a>.\u003c/p>\n\u003cp>\u003ca href=\"http://blogs.wsj.com/digits/2013/10/30/live-facebook-earnings-analyst-call/\" target=\"_blank\">Live blog\u003c/a> from the Wall Street Journal.\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003cem>Original post\u003c/em>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Facebook is set to announce third-quarter earnings after the bell at 1 p.m. PT. Shares are up more than 50 percent since its last report in July, and investors no doubt are hoping for more based on today's numbers. Some things to look for, all concerning mobile, mobile, mobile ...\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://blogs.wsj.com/digits/2013/10/30/facebook-earnings-what-to-watch/?mod=WSJ_hpp_MIDDLENexttoWhatsNewsFifth\" target=\"_blank\">Facebook Earnings: What to Watch\u003c/a> (Wall Street Journal)\u003cbr>\n\u003cblockquote>\u003cp>Mobile advertising grew to 41% of Facebook’s revenue in the second quarter, from 30% in the first quarter. Some analysts, though, questioned whether mobile advertising represented a truly new stream of revenue, or was simply being diverted from desktop advertising.\u003c/p>\n\u003cp>“It’s not advertisers saying ‘I must have mobile,’” said Brian Wieser, an analyst at Pivotal Group. He wants more details on how Facebook breaks out and calculates mobile advertising. Facebook declined to comment.\u003c/p>\u003c/blockquote>\n\u003c/li>\n\u003cli>\u003ca href=\"http://www.sfgate.com/business/article/Facebook-earnings-report-will-hinge-on-mobile-4937155.php\" target=\"_blank\">Facebook earnings report will hinge on mobile\u003c/a> (SF Chronicle)\u003cbr>\n\u003cblockquote>\u003cp>(T)he bigger revenue story down the line might be its Instagram mobile photo-sharing app, which is only beginning to experiment with ads.\u003c/p>\n\u003cp>\"Instagram definitely gives them that lift from mobile because it's a more native platform to advertise on\" than the main Facebook app, said Craig Elimeliah, vice president and director of creative technology at digital marketing agency Rapp.\u003c/p>\u003c/blockquote>\n\u003c/li>\n\u003cli>\u003ca href=\"http://www.businessinsider.com/heres-the-number-google-should-worry-about-when-facebook-reports-its-earnings-tomorrow-2013-10\">Here's The Number Google Should Worry About When Facebook Reports Its Earnings Tomorrow\u003c/a> (Business Insider)\u003cbr>\n\u003cblockquote>\u003cp>There's one number that Google sales boss Nikesh Arora should be on the lookout for: the number of mobile app developers who bought Facebook ads promoting their apps.\u003c/p>\n\u003cp>Facebook has an mobile ad product where app developers pay Facebook every time a user installs their app.\u003c/p>\n\u003cp>In the first quarter, 3,800 developers bought install apps. In the second quarter, the number increased to 8400. This quarter, the number could hit 20,000 or more. That number's rapid growth signifies how, as personal computing shifts from desktop to mobile, Google's position as the way for consumers to discovers businesses through the Internet is weakening.\u003c/p>\u003c/blockquote>\n\u003c/li>\n\u003c/ul>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cfigure id=\"attachment_116520\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/7291_transform.jpg\">\u003cimg class=\"size-full wp-image-116520\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/7291_transform.jpg\" alt=\"File photo of San Francisco. (Justin Sullivan/Getty Images)\" width=\"640\" height=\"359\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">File photo of San Francisco. (Justin Sullivan/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>Detroit would love to be in the Bay Area's shoes. According to the \u003ca href=\"http://www.mercurynews.com/business/ci_24317543/bay-area-job-market-at-five-year-high\" target=\"_blank\">San Jose Mercury News\u003c/a>, Bay Area job growth has reached a five-year high, recovering almost all of the jobs lost in the Great Recession. But all those jobs come with a need for workers... and a place to put them. Enter the region's housing crisis.\u003c/p>\n\u003cp>It seems that almost everyone in the Bay Area has a housing horror story to tell. Anecdotes abound of renters spending months looking for a new place, and the pound of flesh extracted when they do find one. Equally scary are the stories from aspiring, seemingly qualified homeowners who are turned away by banks. And I'm betting most of us know someone who has thrown in the towel and left the region entirely for less expensive pastures.\u003c/p>\n\u003cp>Over the coming months KQED will bring you the facts and stories of the Bay Area housing crisis as part of a new series we're calling 'Priced Out.' We'll tell the stories of people struggling and surviving amidst the increasing cost of living. We'll take you into changing neighborhoods and cities, look at who is getting evicted and why, as well as show you what possible solutions look like.\u003c/p>\n\u003cp>And, of course, we want to hear from you: Why do you stay in the Bay Area? What makes it worth the high cost? At what point will you say 'uncle' and leave? We'll ask you to take photos of your home, to tell us the moment you realized your neighborhood was changing, and how you are, or aren't, managing to stay afloat.\u003c/p>\n\u003cp>The series launches \u003ca href=\"http://www.kqed.org/a/forum/R201310311000\" target=\"_blank\">Thursday at 10 a.m.\u003c/a>, when Forum sets the stage with an update on the housing market: Where are we actually at and where are we going? KQED's Newsroom will host a roundtable on Friday at 8 p.m. Next, Forum and KQED's education blog, The Lowdown, will look at the Ellis Act — what it is and whether evictions are on the rise. From there, coverage will continue across KQED: on the recently re-launched Newsroom on KQED 9, The California Report and KQED's news blog, News Fix.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>You can follow along with the series at kqed.org/pricedout and follow the hashtag #pricedout on social media.\u003c/p>\n\u003cp>If you have suggestions for what you would like to see included in this series, please feel free to post it below or email forum@kqed.org.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>[contextly_sidebar id=\"d73f6f5d09054c67d15eabc6f0397b14\"]\u003c/p>\n\n",
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"officialWebsiteLink": "/californiareport",
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"source": "kqed",
"order": 8
},
"link": "/californiareport",
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},
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"id": "californiareportmagazine",
"title": "The California Report Magazine",
"tagline": "Your state, your stories",
"info": "Every week, The California Report Magazine takes you on a road trip for the ears: to visit the places and meet the people who make California unique. The in-depth storytelling podcast from the California Report.",
"airtime": "FRI 4:30pm-5pm, 6:30pm-7pm, 11pm-11:30pm",
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"officialWebsiteLink": "/californiareportmagazine",
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"order": 10
},
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM3NjkwNjk1OTAz",
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},
"city-arts": {
"id": "city-arts",
"title": "City Arts & Lectures",
"info": "A one-hour radio program to hear celebrated writers, artists and thinkers address contemporary ideas and values, often discussing the creative process. Please note: tapes or transcripts are not available",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/05/cityartsandlecture-300x300.jpg",
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"airtime": "SUN 1pm-2pm, TUE 10pm, WED 1am",
"meta": {
"site": "news",
"source": "City Arts & Lectures"
},
"link": "https://www.cityarts.net",
"subscribe": {
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"rss": "https://www.cityarts.net/feed/"
}
},
"closealltabs": {
"id": "closealltabs",
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"info": "Close All Tabs breaks down how digital culture shapes our world through thoughtful insights and irreverent humor.",
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"officialWebsiteLink": "/podcasts/closealltabs",
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"order": 1
},
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"title": "Code Switch / Life Kit",
"info": "\u003cem>Code Switch\u003c/em>, which listeners will hear in the first part of the hour, has fearless and much-needed conversations about race. Hosted by journalists of color, the show tackles the subject of race head-on, exploring how it impacts every part of society — from politics and pop culture to history, sports and more.\u003cbr />\u003cbr />\u003cem>Life Kit\u003c/em>, which will be in the second part of the hour, guides you through spaces and feelings no one prepares you for — from finances to mental health, from workplace microaggressions to imposter syndrome, from relationships to parenting. The show features experts with real world experience and shares their knowledge. Because everyone needs a little help being human.\u003cbr />\u003cbr />\u003ca href=\"https://www.npr.org/podcasts/510312/codeswitch\">\u003cem>Code Switch\u003c/em> offical site and podcast\u003c/a>\u003cbr />\u003ca href=\"https://www.npr.org/lifekit\">\u003cem>Life Kit\u003c/em> offical site and podcast\u003c/a>\u003cbr />",
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"meta": {
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"id": "commonwealth-club",
"title": "Commonwealth Club of California Podcast",
"info": "The Commonwealth Club of California is the nation's oldest and largest public affairs forum. As a non-partisan forum, The Club brings to the public airwaves diverse viewpoints on important topics. The Club's weekly radio broadcast - the oldest in the U.S., dating back to 1924 - is carried across the nation on public radio stations and is now podcasting. Our website archive features audio of our recent programs, as well as selected speeches from our long and distinguished history. This podcast feed is usually updated twice a week and is always un-edited.",
"airtime": "THU 10pm, FRI 1am",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Commonwealth-Club-Podcast-Tile-360x360-1.jpg",
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"meta": {
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"source": "Commonwealth Club of California"
},
"link": "/radio/program/commonwealth-club",
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"google": "https://podcasts.google.com/feed/aHR0cDovL3d3dy5jb21tb253ZWFsdGhjbHViLm9yZy9hdWRpby9wb2RjYXN0L3dlZWtseS54bWw",
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},
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"id": "forum",
"title": "Forum",
"tagline": "The conversation starts here",
"info": "KQED’s live call-in program discussing local, state, national and international issues, as well as in-depth interviews.",
"airtime": "MON-FRI 9am-11am, 10pm-11pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Forum-Podcast-Tile-703x703-1.jpg",
"imageAlt": "KQED Forum with Mina Kim and Alexis Madrigal",
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"source": "kqed",
"order": 9
},
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM5NTU3MzgxNjMz",
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"id": "freakonomics-radio",
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"info": "Freakonomics Radio is a one-hour award-winning podcast and public-radio project hosted by Stephen Dubner, with co-author Steve Levitt as a regular guest. It is produced in partnership with WNYC.",
"imageSrc": "https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/05/freakonomicsRadio.png",
"officialWebsiteLink": "http://freakonomics.com/",
"airtime": "SUN 1am-2am, SAT 3pm-4pm",
"meta": {
"site": "radio",
"source": "WNYC"
},
"link": "/radio/program/freakonomics-radio",
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"apple": "https://itunes.apple.com/us/podcast/freakonomics-radio/id354668519",
"tuneIn": "https://tunein.com/podcasts/WNYC-Podcasts/Freakonomics-Radio-p272293/",
"rss": "https://feeds.feedburner.com/freakonomicsradio"
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},
"fresh-air": {
"id": "fresh-air",
"title": "Fresh Air",
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"link": "/radio/program/fresh-air",
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"apple": "https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?s=143441&mt=2&id=214089682&at=11l79Y&ct=nprdirectory",
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"rss": "https://feeds.npr.org/381444908/podcast.xml"
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"here-and-now": {
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"info": "A live production of NPR and WBUR Boston, in collaboration with stations across the country, Here & Now reflects the fluid world of news as it's happening in the middle of the day, with timely, in-depth news, interviews and conversation. Hosted by Robin Young, Jeremy Hobson and Tonya Mosley.",
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"rss": "https://feeds.npr.org/510051/podcast.xml"
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},
"hidden-brain": {
"id": "hidden-brain",
"title": "Hidden Brain",
"info": "Shankar Vedantam uses science and storytelling to reveal the unconscious patterns that drive human behavior, shape our choices and direct our relationships.",
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"officialWebsiteLink": "https://www.npr.org/series/423302056/hidden-brain",
"airtime": "SUN 7pm-8pm",
"meta": {
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"source": "NPR"
},
"link": "/radio/program/hidden-brain",
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},
"how-i-built-this": {
"id": "how-i-built-this",
"title": "How I Built This with Guy Raz",
"info": "Guy Raz dives into the stories behind some of the world's best known companies. How I Built This weaves a narrative journey about innovators, entrepreneurs and idealists—and the movements they built.",
"imageSrc": "https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/05/howIBuiltThis.png",
"officialWebsiteLink": "https://www.npr.org/podcasts/510313/how-i-built-this",
"airtime": "SUN 7:30pm-8pm",
"meta": {
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"source": "npr"
},
"link": "/radio/program/how-i-built-this",
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"npr": "https://rpb3r.app.goo.gl/3zxy",
"apple": "https://itunes.apple.com/us/podcast/how-i-built-this-with-guy-raz/id1150510297?mt=2",
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},
"hyphenacion": {
"id": "hyphenacion",
"title": "Hyphenación",
"tagline": "Where conversation and cultura meet",
"info": "What kind of no sabo word is Hyphenación? For us, it’s about living within a hyphenation. Like being a third-gen Mexican-American from the Texas border now living that Bay Area Chicano life. Like Xorje! Each week we bring together a couple of hyphenated Latinos to talk all about personal life choices: family, careers, relationships, belonging … everything is on the table. ",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2025/03/Hyphenacion_FinalAssets_PodcastTile.png",
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"officialWebsiteLink": "/podcasts/hyphenacion",
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"order": 15
},
"link": "/podcasts/hyphenacion",
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"spotify": "https://open.spotify.com/show/2p3Fifq96nw9BPcmFdIq0o?si=39209f7b25774f38",
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"amazon": "https://music.amazon.com/podcasts/6c3dd23c-93fb-4aab-97ba-1725fa6315f1/hyphenaci%C3%B3n",
"rss": "https://feeds.megaphone.fm/KQINC2275451163"
}
},
"jerrybrown": {
"id": "jerrybrown",
"title": "The Political Mind of Jerry Brown",
"tagline": "Lessons from a lifetime in politics",
"info": "The Political Mind of Jerry Brown brings listeners the wisdom of the former Governor, Mayor, and presidential candidate. Scott Shafer interviewed Brown for more than 40 hours, covering the former governor's life and half-century in the political game – and Brown has some lessons he'd like to share. ",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/The-Political-Mind-of-Jerry-Brown-Podcast-Tile-703x703-1.jpg",
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"officialWebsiteLink": "/podcasts/jerrybrown",
"meta": {
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"order": 18
},
"link": "/podcasts/jerrybrown",
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"apple": "https://itunes.apple.com/us/podcast/id1492194549",
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}
},
"latino-usa": {
"id": "latino-usa",
"title": "Latino USA",
"airtime": "MON 1am-2am, SUN 6pm-7pm",
"info": "Latino USA, the radio journal of news and culture, is the only national, English-language radio program produced from a Latino perspective.",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/latinoUsa.jpg",
"officialWebsiteLink": "http://latinousa.org/",
"meta": {
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},
"link": "/radio/program/latino-usa",
"subscribe": {
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"apple": "https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?s=143441&mt=2&id=79681317&at=11l79Y&ct=nprdirectory",
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"rss": "https://feeds.npr.org/510016/podcast.xml"
}
},
"marketplace": {
"id": "marketplace",
"title": "Marketplace",
"info": "Our flagship program, helmed by Kai Ryssdal, examines what the day in money delivered, through stories, conversations, newsworthy numbers and more. Updated Monday through Friday at about 3:30 p.m. PT.",
"airtime": "MON-FRI 4pm-4:30pm, MON-WED 6:30pm-7pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Marketplace-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://www.marketplace.org/",
"meta": {
"site": "news",
"source": "American Public Media"
},
"link": "/radio/program/marketplace",
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"rss": "https://feeds.publicradio.org/public_feeds/marketplace-pm/rss/rss"
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},
"masters-of-scale": {
"id": "masters-of-scale",
"title": "Masters of Scale",
"info": "Masters of Scale is an original podcast in which LinkedIn co-founder and Greylock Partner Reid Hoffman sets out to describe and prove theories that explain how great entrepreneurs take their companies from zero to a gazillion in ingenious fashion.",
"airtime": "Every other Wednesday June 12 through October 16 at 8pm (repeats Thursdays at 2am)",
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"officialWebsiteLink": "https://mastersofscale.com/",
"meta": {
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"source": "WaitWhat"
},
"link": "/radio/program/masters-of-scale",
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"apple": "http://mastersofscale.app.link/",
"rss": "https://rss.art19.com/masters-of-scale"
}
},
"mindshift": {
"id": "mindshift",
"title": "MindShift",
"tagline": "A podcast about the future of learning and how we raise our kids",
"info": "The MindShift podcast explores the innovations in education that are shaping how kids learn. Hosts Ki Sung and Katrina Schwartz introduce listeners to educators, researchers, parents and students who are developing effective ways to improve how kids learn. We cover topics like how fed-up administrators are developing surprising tactics to deal with classroom disruptions; how listening to podcasts are helping kids develop reading skills; the consequences of overparenting; and why interdisciplinary learning can engage students on all ends of the traditional achievement spectrum. This podcast is part of the MindShift education site, a division of KQED News. KQED is an NPR/PBS member station based in San Francisco. You can also visit the MindShift website for episodes and supplemental blog posts or tweet us \u003ca href=\"https://twitter.com/MindShiftKQED\">@MindShiftKQED\u003c/a> or visit us at \u003ca href=\"/mindshift\">MindShift.KQED.org\u003c/a>",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Mindshift-Podcast-Tile-703x703-1.jpg",
"imageAlt": "KQED MindShift: How We Will Learn",
"officialWebsiteLink": "/mindshift/",
"meta": {
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"source": "kqed",
"order": 12
},
"link": "/podcasts/mindshift",
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM1NzY0NjAwNDI5",
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}
},
"morning-edition": {
"id": "morning-edition",
"title": "Morning Edition",
"info": "\u003cem>Morning Edition\u003c/em> takes listeners around the country and the world with multi-faceted stories and commentaries every weekday. Hosts Steve Inskeep, David Greene and Rachel Martin bring you the latest breaking news and features to prepare you for the day.",
"airtime": "MON-FRI 3am-9am",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Morning-Edition-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://www.npr.org/programs/morning-edition/",
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"link": "/radio/program/morning-edition"
},
"onourwatch": {
"id": "onourwatch",
"title": "On Our Watch",
"tagline": "Deeply-reported investigative journalism",
"info": "For decades, the process for how police police themselves has been inconsistent – if not opaque. In some states, like California, these proceedings were completely hidden. After a new police transparency law unsealed scores of internal affairs files, our reporters set out to examine these cases and the shadow world of police discipline. On Our Watch brings listeners into the rooms where officers are questioned and witnesses are interrogated to find out who this system is really protecting. Is it the officers, or the public they've sworn to serve?",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/On-Our-Watch-Podcast-Tile-703x703-1.jpg",
"imageAlt": "On Our Watch from NPR and KQED",
"officialWebsiteLink": "/podcasts/onourwatch",
"meta": {
"site": "news",
"source": "kqed",
"order": 11
},
"link": "/podcasts/onourwatch",
"subscribe": {
"apple": "https://podcasts.apple.com/podcast/id1567098962",
"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5ucHIub3JnLzUxMDM2MC9wb2RjYXN0LnhtbD9zYz1nb29nbGVwb2RjYXN0cw",
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"rss": "https://feeds.npr.org/510360/podcast.xml"
}
},
"on-the-media": {
"id": "on-the-media",
"title": "On The Media",
"info": "Our weekly podcast explores how the media 'sausage' is made, casts an incisive eye on fluctuations in the marketplace of ideas, and examines threats to the freedom of information and expression in America and abroad. For one hour a week, the show tries to lift the veil from the process of \"making media,\" especially news media, because it's through that lens that we see the world and the world sees us",
"airtime": "SUN 2pm-3pm, MON 12am-1am",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/onTheMedia.png",
"officialWebsiteLink": "https://www.wnycstudios.org/shows/otm",
"meta": {
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"source": "wnyc"
},
"link": "/radio/program/on-the-media",
"subscribe": {
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