Daily news roundup for Wednesday, June 8, 2016
Here’s what’s happening in the Bay Area as curated by KALW news:
“Hillary Clinton carved her name in history Tuesday, becoming the first woman ever chosen to lead a major party into the fall presidential campaign.
“The former secretary of State, making her second try for the White House, laid claim to the nomination at an exuberant rally in Brooklyn, N.Y., the state she represented for two terms in the U.S. Senate. Her victory came eight years to the day after she ended her 2008 White House bid.”
SF voters support measure to restore Bay Area wetlands // San Francisco Examiner
“A nine-county measure to restore wetlands throughout the Bay Area has passed in San Francisco.
“Measure AA, which needed to cross a two-thirds threshold to win and must ultimately be passed by a majority of voters within the Bay Area’s nine counties, appears to have received 77 percent of the votes in its favor.
“The measure creates a new $12 annual parcel tax across the Bay Area for 20 years to raise $500 million to restore tidal marshes across the Bay Area.”
“Voters voiced strong support for school districts across the Bay Area whose leaders were asking voters to pony up higher property taxes to support $2.7 billion in facilities bonds.
“The majority of nearly two dozen K-12 bond and parcel tax measures on the ballot in Alameda, Marin, Contra Costa, Santa Clara and San Mateo counties appeared headed to victory.”
Bummer: Wells Fargo moves Oakland jobs to Charlotte // San Francisco Business Times
“Wells Fargo had some bad news for the Bay Area Tuesday when the bank said it was cutting 55 jobs in Oakland, transferring the work to Charlotte, N.C.
“While the number of jobs is small, the cuts underscore the Bay Area's difficulty in competing for jobs that can be done cheaper elsewhere.
“‘While still committed to serving the area, the company has decided to move some functions within its commercial mortgage servicing (CMS) business that were being performed in dual locations in Oakland and Charlotte, and consolidate them within its Charlotte CMS office,’ said Wells Fargo spokesman Ruben Pulido.”
“Looks like some air is being let out of the Bay Area's real estate market.
“Following years of increasing employment and wealth driving up rent and property prices in San Francisco and surrounding cities, demand for luxury housing appears to be on the decline and housing and condo price appreciation have 'basically plateaued,' according to Paragon Real Estate Group.
"'Slowing or plateauing appreciation does not imply a crash, and the cooling of a desperately overheated market to something closer to normal is not bad news,’ reads a report Paragon released Monday. The sentence was set in bold type.”
“‘No, I wasn’t interested in seeing a film about myself,’ said Joshua Grannell, the man better known as Peaches Christ. ‘As you can imagine, this has nothing to do with me being fabulous or anything like that, but I’m often approached to do these projects because drag is dramatic, it’s dynamic.’
“‘It has nothing to do other than the fact that I’m still working,' Grannell said. 'And so I don’t feel like a documentary about what we’ve done has an ending yet.’”