Once upon a housing boom in the Bay Area, million-dollar studios seemed cheap. Short-order cooks were flipping condos instead of hamburgers. Every other cab driver seemed to be moonlighting as a mortgage broker. The proverbial investment-savvy shoe-shine boy—grandson, maybe, of the one whose financial advice gave Joe Kennedy the signal to put his money in the mattress just before the 1929 market crash—was way long on South of Market lofts.
Law + Policy
As a girl growing up in Los Angeles, UC Berkeley always held a fascination for me. I loved hearing about the pioneering role it played in the Free Speech and Civil Rights Movements. I even carried an image of the City of Berkeley as a place alive with diversity and openness. So it was no surprise to my family and friends when Berkeley topped my list of college choices.
He may be the most powerful man in the world, but Barack Obama seems determined not to act like it. Making his official international debut at the G20 summit in London recently, the new president laid out a striking manifesto of modesty. “We exercise our leadership best when we are listening,” he declared, “when we recognize that the world is a complicated place and that we are going to have to act in partnership with other countries, when we lead by example, when we show some element of humility and recognize that we may not always have the best answer….”