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Altadena Not For Sale
Altadena Not for Sale is a community group of affected Eaton Fire victims and concerned residents of cities around Altadena that formed shortly after the Eaton Fire to draw attention to and advocate against land speculators and disaster capitalism in the area after the fire destroyed most of the city. A local community organizer and an Altadena screen printer that lost her home and home business in the fire co-founded the community group. Their demands to local legislators include a temporary moratorium on the purchasing of multiple properties in the same area by corporations or LLC’s, and establishing land trusts Land, also known as dry land, ground, or earth, is the solid terrestrial surface of Earth not submerged by the ocean or another body of water. It makes up 29.2% of Earth's surface and includes all continents and islands. Earth's land surface ... to prevent Altadena from being sold off to for-profit or non-profit developers. On January 18, 2025, the group h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Altadena, California
Altadena () is an unincorporated area, and census-designated place in the San Gabriel Valley and the Verdugos regions of Los Angeles County, California. Directly north of Pasadena, California, Pasadena, it is located approximately from Downtown Los Angeles. Its population was 42,846 at the 2020 census, up slightly from a 2010 figure of 42,777. In early 2025, the community was severely impacted by the Eaton Fire. History Etymology The name Altadena was coined by Byron O. Clark, who established Altadena Nursery in 1875. The name combines the Spanish language, Spanish alta, meaning 'upper,' with dena, a term he likely adapted from Pasadena, California, Pasadena, though its precise origin remains unclear. The area is adjacent to, but at a higher elevation than, Pasadena.Manning, Mike. The word Altadena was first used by Byron Clark, who coined it for his nursery located south of present-day Woodbury on the west side of town. When he moved his nursery to Linda Vista, he agreed to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eaton Fire
The Eaton Fire was a highly destructive wildfire in Los Angeles County, California, Los Angeles County, in Southern California. The fire began on the evening of January 7, 2025, in Eaton Canyon in the San Gabriel Mountains, and a powerful Santa Ana winds, Santa Ana wind event drove the fire into foothill communities, particularly Altadena, California, Altadena. The fire killed at least 18 people and destroyed more than 9,000 buildings, becoming the List of California wildfires#Deadliest wildfires, fifth deadliest and the List of California wildfires#Most destructive wildfires, second most destructive wildfire in California history. The cause of the fire is under investigation; news reports and lawsuits have focused on the possible involvement of overhead power lines, high tension power lines operated by electrical utility Southern California Edison. The fire was fully contained on January 31 after burning for 24 days. The Eaton Fire was one of eight major January 2025 Southe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Speculators
In finance, speculation is the purchase of an asset (a commodity, goods, or real estate) with the hope that it will become more valuable in a brief amount of time. It can also refer to short sales in which the speculator hopes for a decline in value. Many speculators pay little attention to the fundamental value of a security and instead focus purely on price movements. In principle, speculation can involve any tradable good or financial instrument. Speculators are particularly common in the markets for stocks, bonds, commodity futures, currencies, cryptocurrency, fine art, collectibles, real estate, and financial derivatives. Speculators play one of four primary roles in financial markets, along with hedgers, who engage in transactions to offset some other pre-existing risk, arbitrageurs who seek to profit from situations where fungible instruments trade at different prices in different market segments, and investors who seek profit through long-term ownership of an inst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Disaster Capitalism
''The Shock Doctrine: The Rise of Disaster Capitalism'' is a 2007 book by Canadian author and social activist Naomi Klein. In the book, Klein argues that neoliberal economic policies promoted by Milton Friedman and the Chicago school of economics have risen to global prominence because of a deliberate strategy she calls "disaster capitalism". In this strategy, political actors exploit the chaos of natural disasters, wars, and other crises to push through unpopular policies such as deregulation and privatization. This economic " shock therapy" favors corporate interests while disadvantaging and disenfranchising citizens when they are too distracted and overwhelmed to respond or resist effectively. The book challenges the narrative that free market capitalist policies have been welcomed by the inhabitants of regions where they have been implemented, and it argues that several man-made events, including the Iraq War, were intentionally undertaken with the goal of pushing through thes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Liability Company
A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under the laws of every state; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). An ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Trust
Land trusts are nonprofit organizations which own and manage land, and sometimes waters. There are three common types of land trust, distinguished from one another by the ways in which they are legally structured and by the purposes for which they are organized and operated: * A real estate investment trust is a fiduciary arrangement whereby one party (the trustee) agrees to own and to manage real property for the benefit of a limited number of beneficiaries. * A community land trust (CLT) is a private, nonprofit corporation that acquires, manages, and develops land for a variety of purposes, primarily for the production and stewardship of affordable housing, although many CLTs are also engaged in non-residential buildings and uses. * A conservation land trust is a private, non-profit corporation in the US that acquires land or conservation easements for the purpose of limiting commercial development and preserving open space, natural areas, waterways, and/or productiv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
January 2025 Southern California Wildfires
From January 7 to 31, 2025, a series of 14 destructive wildfires affected the Los Angeles metropolitan area and San Diego County in California, United States. The fires were exacerbated by drought conditions, low humidity, a buildup of vegetation from February 2024 California atmospheric rivers, the previous winter, and hurricane-force Santa Ana winds, which in some places reached . The wildfires killed at least 30 people, forced more than 200,000 to evacuate, destroyed more than 18,000 homes and structures, and burned over of land in total. Most of the damage was from the two largest fires: the Eaton Fire in Altadena, California, Altadena and the Palisades Fire in Pacific Palisades, Los Angeles, Pacific Palisades, both of which were fully Fire containment, contained on January 31, 2025. Municipal fire departments and the California Department of Forestry and Fire Protection (CAL FIRE) fought the property fires and wildfires, which were extinguished by tactical airc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
