“Heated bidding wars — especially in a half-mile radius of shuttle bus stops — have broken out, causing rents to soar, even double in some cases. Along shuttle routes, trendy new restaurants that serve high-end food and spirits have taken the place of corner stores and mom-and-pop businesses. Anti-Google graffiti has turned up here, and activists recently held a small anti-gentrification rally at which they smashed a Google bus piñata. Ted Gullicksen, executive director of the San Francisco Tenants Union, said he fears that the techies are permanently inheriting the city and won’t pack up and leave as they did after the 2000 dot-com crash.”
http://www.latimes.com/business/la-fi-silicon-valley-backlash-20130814,0,762467,full.story
Related posts:
NSA mass phone surveillance revealed by Edward Snowden ruled illegal
No Exit: China Uses Passports as Political Cudgel
Seized shark fins dumped in Marshall Islands ceremony
France’s interior minister says Syria militants pose national security threat
U.S. sends anti-missile destroyer near North Korean coast
U.S. calls on UN to ban drunken diplomats from budget negotiations
Loads of Debt: A Global Ailment With Few Cures
Watch: How GPS spoofing can take control of drones and ships
E-commerce in China: The Alibaba phenomenon
Fake online reviews targeted by N.Y. attorney general
The Pot Industry’s Most Politically Important Dispensary
Following the Bitcoin trail
Bipartisan lawmakers tell Trump to respect state marijuana laws
Connecticut health officials bully barber giving free haircuts to the homeless
China’s beverage billionaire Zong Qinghou victim of knife attack