The disaster can teach California how to rebuild, if the state will listen.
No. Changes are necessary -- they just need to be applied very carefully.
In a surprising move on Thursday, the United States’ highest court ruled that policies even inadvertently relegating minorities to poor areas violate the Fair Housing Act.
It’s the most important economic lesson of the decade: What goes up must come down (and what’s gone down will probably go up again).
Despite the aims of federal housing policy, segregation persists—in part because it's in the interests of those who own property in the poorest neighborhoods.