A "rentier" is defined in the Random House Dictionary as "a person who has a fixed income, as from lands or bonds." The rentier class consists of those who essentially earn money off of investments instead of working on an hourly or daily wage. Many of the people who rent housing from rentiers -- in other words, renters -- live on another form of fixed income altogether: social security. Others work long hours at low-paying jobs. Renters often can't afford to own their apartments or homes, and, therefore, other entities -- including, increasingly, investment firms -- are financially benefiting from their need for shelter. Read more.
After 45 years on the radar, the Woman’s Building is finally also on the map. On June 8, the L.A. Conservancy architectural preservation society formally announced that the L.A. City Council had approved the building’s Historic Cultural Monument designation. Besides protecting the building's 1914 Beaux Arts design against the future development going on all around it, this move also resoundingly acknowledges what generations of artists and feminists in L.A. and around the world have known for decades: The Woman's Building is one of the most significant cultural heritage sites of the last 50 years. Read more.