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Proposal would curb short-term rentals in San Diego

Short-term rentals of private residences would be sharply curbed under a proposed ordinance drafted by San Diego City Councilwoman Barbara Bry , whose district includes the La Jolla area. Her proposal, released Monday, arrives a few months before the full council is expected to take up yet again the contentious question of how to regulate vacation rentals , which have mushroomed in popularity with the growth of the online home-sharing platform, Airbnb. The city planning department already is at work drafting alternative measures based on three options it released earlier this year, which at the time ranged from the most permissive to one that would effectively ban such rentals. The city is hoping to hear the matter Oct. 23, said Planning Director Jeff Murphy . It will mark the sixth hearing at City Hall in two years to consider the issue of short-term rentals. Under Bry’s suggested regulations, homeowners would be allowed to rent out only their primary residences on a short-term bas...

Carl Icahn’s Failed Raid on Washington

One day in August, 2016, the financier Carl Icahn made an urgent phone call to the Environmental Protection Agency . Icahn is one of the richest men on Wall Street, and he has thrived, in no small measure, because of a capacity to intimidate. A Texas- based oil refiner in which he had a major stake was losing money because of an obscure environmental rule that Icahn regarded as unduly onerous. Icahn is a voluble critic of any government regulation that constrains his companies. So he wanted to speak with the person in charge of enforcing the policy: a senior official at the E.P.A. named Janet McCabe . Icahn works from a suite of offices, atop the General Motors Building , in midtown, that are decorated in the oak-and-leather fashion of a tycoon’s lair in a nineteen-eighties film. During that decade, Icahn made his reputation as one of the original corporate raiders , pioneering the art of the hostile takeover and establishing himself as a human juggernaut—a pugnacious deal machine ...