Westwood is a commercial and residential neighborhood in the northern central portion of the Westside region of Los Angeles, California. It is the home of the University of California, Los Angeles (UCLA). Bordering the campus on the south is Westwood Village, a major regional district for shopping, dining, movie theaters, and other entertainment.
A real-estate bubble or property bubble is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom. A land boom is a rapid increase in the market price of real property such as housing until they reach unsustainable levels and then declines. This period, during the run-up to the crash, is also known as froth. The questions of whether real estate bubbles can be identified and prevented, and whether they have broader macroeconomic significance, are answered differently by schools of economic thought, as detailed below.
The John E. Anderson Graduate School of Management is the graduate business school at the University of California, Los Angeles. The school offers MBA, PGPX, Financial Engineering, Business Analytics, and PhD degrees. It was named after American billionaire John E. Anderson in 1987, after he donated $15 million to the School of Management.
Wendy Jane Greuel is an American politician. She served as Los Angeles City Controller from 2009 to 2013. Greuel was the second woman elected to citywide office in Los Angeles, after her predecessor Laura Chick.
David Lereah is an American business executive and author. Lereah served as the President of Reecon Advisors, Inc., a real estate advisory and information company located in the Washington, D.C., area, from 2008 to 2020. Lereah was previously an Executive Vice President at Move, Inc. and before that, Chief Economist for the National Association of Realtors (NAR). Lereah served as the NAR's spokesman on economic forecasts, interest rates, home sales, mortgage rates, as well as other policy issues and trends affecting the United States real estate industry. Lereah was also the Chief Economist for the Mortgage Bankers Association during the 1990s and has testified before Congress on economic and real estate matters.
Sung Won Sohn is a Korean American economist, noted for his skill in economic forecasting. He is currently Professor of Economics at Loyola Marymount University and President of SS Economics, an economic consulting firm.
Charles Edward Young, nicknamed Chuck Young, was an American university administrator and professor. A native of California, Young led the University of California, Los Angeles (UCLA) for 29 years as chancellor and the University of Florida for more than four years as president.
Deepak Kumar Lal was an Indian-born British liberal economist, author, professor and consultant. Best known for his 1983 book, The Poverty of “Development Economics", Lal was also known for bucking conventional assumptions and for multidisciplinary approaches to thorny economic problems. His proposed solutions were typically in the vein of Hayek or the Austrian School of economic thinking.
Robert D. Grey is a long-time academic administrator and researcher and educator in the field of cellular and molecular biology. He has spent the majority of his career in positions in the University of California system, including interim provost of the UC system, acting chancellor at UC Riverside and provost and executive vice chancellor at UC Davis. He was also a well-regarded and award-winning faculty member at UC Davis.
Donn D. Moomaw is an American former professional football player and Presbyterian minister.
Paul Habibi is an American real estate entrepreneur and UCLA professor. Habibi is principal and co-founder of Habibi Properties, LLC, one of the largest private multi-family housing owners in the Los Angeles metropolitan area. Habibi Properties acquires, develops and manages multi-family and mixed-use real estate projects throughout Southern California. The company also invests in single-family homes, in the Kansas City metropolitan area, and almond and pistachio orchards in California's San Joaquin Valley.
A. Gary Shilling is an American financial analyst and commentator who appears regularly in publications such as Forbes, The New York Times, and The Wall Street Journal. He is president of A. Gary Shilling & Co., Inc., editor of A. Gary Shilling's Insight, and a member of the Nihon Keizai Shimbun Board of Economists. He is featured frequently on business shows on radio and television, and as a recognised orator, addresses conventions of global business groups like the Young Presidents' Organization. More than two years before the housing bubble burst, Shilling warned that subprime loans were probably "the greatest financial problem" for the future U.S. economy, and in January 2006, prior to the 2008 recession, he wrote an article entitled: “The Housing Bubble Will Probably Burst”. In 2007 he correctly prophesied that housing would "sink the economy".
John R. Talbott is an American finance expert, author, commentator, and political analyst. He is known for having predicted national and international economic crises in the past decade.
Robert Eric Wright is a business, economic, financial, and monetary historian and the inaugural Rudy and Marilyn Nef Family Chair of Political Economy at Augustana University in Sioux Falls, South Dakota. He is also a research economist at the National Bureau of Economic Research.
Lowell Jay Milken is an American businessman, philanthropist, and the co-founder and chairman of the Milken Family Foundation. He is also the founder of the National Institute for Excellence in Teaching, TAP System for Teacher and Student Advancement as well as co-founder of Knowledge Universe, the world’s largest provider of early childhood education from 2005 until 2016. He is known for his advocacy and nonprofit leadership focused on K-12 American education reform. In 2017, he was the recipient of the James Bryant Conant Award for exceptional contributions to American Education. Lowell Milken has founded several more nonprofit organizations, including the Lowell Milken Family Foundation and the Lowell Milken Center for Unsung Heroes. In 2000, he was named one of America's most generous philanthropists by Worth magazine and has been listed for the past 7 years in the Los Angeles Business Journal’s LA500 list of the most influential and impactful executives in Los Angeles.
The School of Business at the University of California, Riverside is home to the largest undergraduate business program in the University of California system, as well as the A. Gary Anderson Graduate School of Management.
David Andrew Berg is an American former professional baseball pitcher. He attended the University of California, Los Angeles (UCLA), where he played college baseball for the UCLA Bruins baseball team. He was named an All-American and Pac-12 Conference Baseball Pitcher of the Year in 2013. He set a National Collegiate Athletic Association (NCAA) record for saves in a single season with 24. The Texas Rangers selected Berg in the 17th round of the 2014 Major League Baseball draft. He did not sign with the Rangers and returned to UCLA for his senior season. He was then drafted by the Chicago Cubs in the sixth round of the 2015 MLB Draft. He left professional baseball in 2018 without ever playing in the major leagues.
Kevin Daly Architects (KDA) is Kevin Daly's architecture firm in Los Angeles, California. It was founded in 1990 as Daly Genik. Daly has taught architecture and is a fellow at the American Institute of Architects (FAIA).
Gary L. Blasi is an American lawyer. He is a Professor of Law Emeritus at UCLA, and an active public interest lawyer and advocate in Los Angeles. Regarded as one of the best lawyers in California, he has been recognized for his legal and policy advocacy to end homelessness, eradicate slum housing conditions, and improve learning opportunities in substandard schools. His academic research draws on cognitive science and social psychology to better understand such problems as how people understand the causes of problems like homelessness or poverty, how advocates can best deal with the consequences of racial and other stereotypes, and how large bureaucracies can better respond to the needs of poor people and people living with disabilities.
The Gerald Loeb Award is given annually for multiple categories of business reporting. Lifetime Achievement awards are given annually "to honor a journalist whose career has exemplified the consistent and superior insight and professional skills necessary to contribute to the public's understanding of business, finance and economic issues." Recipients are given a hand-cut crystal Waterford globe "symbolic of the qualities honored by the Loeb Awards program: integrity, illumination, originality, clarity and coherence." The first Lifetime Achievement Award was given in 1992.
