California home prices could begin falling later this year

California home prices to weaken further, Goldman says – MarketWatch

“Median California home prices are still creeping up, and the state’s strong employment trends should support the real estate market. But Goldman is worried that surging prices in the state in recent years weren’t driven by traditional factors such as strong employment and income growth. Instead, the bank reckons an increase in ARM mortgages offered to borrowers who were already stretching to buy high-priced homes fueled the boom.
Now that lenders are cutting back some of these types of loans and regulators are beginning to crack down, California home prices could begin falling later this year, especially in high-price cities and towns, Goldman said.”

colony collapse disorder

Sign of the times?

Vanishing honeybees mystify scientists

“Commercial beekeepers would set their bees near a crop field as usual and come back in two or three weeks to find the hives bereft of foraging worker bees, with only the queen and the immature insects remaining. Whatever worker bees survived were often too weak to perform their tasks.

Since about one-third of the U.S. diet depends on pollination and most of that is performed by honeybees, this constitutes a serious problem, according to Jeff Pettis of the U.S. Agricultural Research Service.

Honeybees are used to pollinate some of the tastiest parts of the American diet, Pettis said, including cherries, blueberries, apples, almonds, asparagus and macadamia nuts.

Pettis and other experts are gathering outside Washington for a two-day workshop starting on Monday to pool their knowledge and come up with a plan of action to combat what they call colony collapse disorder.

“The main hypotheses are based on the interpretation that the disappearances represent disruptions in orientation behavior and navigation,” said May Berenbaum, an insect ecologist at the University of Illinois, Urbana-Champaign.”