Filtering through this weeks headlines...

Top Headlines: Delivered by Advisory | Leonard Steinberg

October 16, 2025

01  As a percent of income, 60% of the 10 MOST affordable cities for food are in California and 30% in Arizona. Another reminder that affordability is always relative to wealth/income.

(USA Today)

02  The best way to predict the future is to create it.

— Peter Drucker

03  North County surf stays mellow this week with mostly waist-high sets and clean mornings. A slight bump arrives Sunday, bringing fun, chest-high waves at standout breaks. Winds remain light early, with the best windows at dawn.

(Surf Report)

04  California is taking a lead in regulating the A.I. industry, that till now has remained pretty open to doing exactly as they please..... One law requires that chatbots disclose they are AI and tell minors to take breaks every 3 hours. Another requires that device makers, like Apple and Google, implement tools to verify user ages. California isn’t the first jurisdiction to pass laws like these, but these laws carry significance due to the size of California’s population and the fact that many tech companies are based in the San Francisco Bay Area. Utah and Texas have also signed laws implementing AI safeguards for minors.

(CNBC) 

05  Car insurance premiums have increased by 84% from 2020 to 2025, according to the Consumer Price Index from the U.S. Bureau of Labor Statistics.

06  On Wall Street, “The debasement Trade” is a bet that government borrowing and money printing will erode the value of the U.S. dollar, so investors are shifting cash into assets like gold, crypto, stocks .......and real estate ......that can hold their value.

(CNBC)