Word: resultingly
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...result - since expensive houses tend to sit next to other expensive houses - is certain neighborhoods practically become no-sale zones. Rich Toscano, a financial adviser at Pacific Capital Associates in San Diego, crunched listings data for his metro area and found that while sales for the 20 most-expensive zip codes were down 8% in May, compared to a year ago, sales in the 20 cheapest were up 37%. Try to sell a house in Chula Vista and you're good to go - but don't expect much luck in La Jolla. Of course, what houses are selling...
...stunned disbelief. There were predictions of drastic cuts to education and social services. But the ax did not fall as Sacramento, flush with a multibillion-dollar surplus, bailed out local governments and the schools. But the state rescue was accompanied by a loss of local control. As a result of Proposition 13, school districts, county governments and cities were forced to compete with state priorities for a slice of the state budget...
Proposition 13 further altered California politics by requiring a two-thirds majority for tax increases either at the state or local level. This requirement along with a constitutional provision requiring a two-thirds majority to pass a budget - the result of a proposition passed in 1933 - means it is far more difficult to raise taxes or pass a budget in California than in other states. For more than 30 years California has been living with a system of minority rule in which 34% of the legislature or a local community can stonewall the majority. Facing this post-Proposition 13 system...
...Ibuka, Sony's co-founder, traveled often for business and would find himself lugging Sony's bulky TC-D5 cassette recorder around to listen to music. He asked Norio Ohga, then Executive Deputy President, to design a playback-only stereo version, optimized for use with headphones. Ibuka brought the result - a compact, high-quality music player - to Chairman Akio Morita and reportedly said, "Try this. Don't you think a stereo cassette player that you can listen to while walking around is a good idea...
...Given enough time - and pressure - that too may change. Veterans' groups intensively scrutinized the bill as it was being drafted and as a result won considerable concessions, including the shift of the burden of proof from the claimant to the government: now the state will have to prove radiation wasn't the cause of illness if it wants to avoid paying compensation, rather than victims having to establish the contrary before their claims are recognized. But Marhic says the proposal is still too restrictive on whom it will accept as sufficiently radiated by tests to apply for compensation...