Letters: Core problems | Unwanted project



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System’s core issues
led to financial institution failures

Re: “Editorial: What our banks should be taught from current collapses” (Web page A6, Could 3).

Your editorial addresses 4 specifics that undoubtedly contributed to the current financial institution collapses. Nevertheless, core issues of the present monetary system — equivalent to spinoff positions within the multi-trillions, excessive cryptocurrency positions, broad-based manipulation and compromised funding methods like bare short-selling — inevitably will additional encourage undisciplined reckless practices that may finally collapse an already extremely leveraged, fractional reserve fiat financial system.

Chris Kniel
Orinda

Panel rams via
Nice Hill housing

The Nice Hill Planning Fee held a gathering Could 3 for rezoning parcels on Paso Nogal Highway and Morello Avenue for low-income, high-density housing. Essentially the most affected Nice Hill residents weren’t conscious of the assembly or the mission till Could 1. In two days, the town obtained 400 emails and 180 residents have been in a position to attend the assembly.

Public feedback lasted 3 1/2 hours till 11:30 p.m. Each speaker was against the mission for myriad legitimate causes. Residents are offended that Nice Hill had not notified them of any conferences because the mission began in 2019. And the positioning is situated as distant as doable from any of the commissioners’ residences. Attainable higher websites have been ignored. An ideal location is the previous library web site, however the metropolis selected to approve $1.5 million properties as a substitute.

Commissioners voted for the rezoning as a result of “the state will sue us” if we don’t.

Paul Bittner
Nice Hill

Lack of high-end
purchasers price Nordstrom

The first motive for Nordstrom closing on the Westfield Mall in downtown San Francisco must be due to the shortage of patrons from mainland China and Europe. They have been the bottom of the high-end customers there earlier than COVID.

COVID killed the move of high-end customers from China, who had liked to spend a number of cash there, and the drop within the worth of the Euro and COVID derailed the patrons from Europe, who had discovered the high-end merchandise at Nordstrom to be bargains.

The above have been the foremost “situations” for the closing of Nordstrom, not thefts or such.

George Fulmore
Emeryville

Feinstein has no
selection however to resign

I’ve large respect for Sen. Dianne Feinstein. However she should resign.