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Zillow Challenged On Accuracy of “Zestimates”
The CBS morning talk show, “CBS This Morning,” addressed a major real estate issue last week when they invited Zillow CEO Spencer Rascoff to discuss the company's controversial “Zestimates”, or automated value estimates for homes. With more than 73 million visitors in December alone, Zillow is easily the world's most popular real estate information website. In addition to active listings of properties currently on the market, the site also provides information about homes not for sale. This information often includes square footage, number of bedrooms and bathrooms, photos, property tax information and so-called “Zestimates”.
California Opens Solar Plant That Can Power 160,000 Homes
California Governor Jerry Brown was beaming Monday as one of the world's largest solar power plants opened in the Southern California desert. Located in Riverside County, about 170 miles east of Los Angeles, the Desert Sunlight Solar Farm was operating at full capacity and pumping 550 megawatts of juice into the grid. Officials say that's enough electricity to power 160,000 homes. The solar plant is just the first step in Brown's ambitious plan, announced several weeks ago, for 50 percent of the state's power to come from renewable sources by the year 2030. Officials also noted that the Desert Sunlight Solar Farm will prevent the release of 300,000 tons of carbon dioxide per year, likening it to taking some 60,000 cars off the road.
Apple Becomes World's 1st $700 Billion Company
The world's largest private company surpassed a new milestone Tuesday when Apple became the first company in world history to achieve a market capitalization of over $700 billion. The Cupertino-based tech giant was already riding a wave of stock gains after reporting its highest quarterly earnings ever in January, then got another boost last week in the form of a very successful bond sale. The development that took the company over the $700 billion hump came Tuesday, meanwhile, when the company announced a partnership with First Solar to build an $848 million solar power plant on 1,300 acres in Monterey County, California. When completed, the massive solar plant will power Apple's headquarters in Cupertino, a data center in Newark, California, 52 stores across the Golden State and all the company's California-based offices.
The NFL's Seattle Seahawks announced Friday that Alice In Chains will perform at halftime of Sunday's NFC Championship game between the Seahawks and the Green Bay Packers. The team also announced that the National Anthem will be performed by 2005 American Idol runner-up Katherine McPhee, who currently stars in the CBS dramatic series Scorpion.
Scientists Say 2014 Was Hottest Year Ever