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Improved Middle-Income Estimates by Pew Research, But More Improvements Needed

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There are few issues, if any, more important than income and poverty. The most successful political jurisdictions, where national or sub national, are characterized by rising incomes and falling rates of poverty. A large and growing middle-class is key to that. But measuring the size and trend of the middle-class is easier said than done.  read more »

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The Other Side of the Superstar Effect

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A couple of folks had interesting counterpoints to the superstar effect. Neil Strickland gave me permission to post the following email he sent:  read more »

California Needs A New Economic Model

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Already anointed by The New Yorker as the “head of the resistance,” Gavin Newsom could well think he’s also king of California politics. He can both sell himself as the model of progressive virtue and also lord of the world’s fifth-largest economy, home to three of the world’s most powerful and influential companies.  read more »

To Make the Internet Great Again, Trump Must Smash Facebook and Its Tech Oligarch Friends

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Even as many Americans look with horror on the authoritarian blusterer in the White House, we are slowly succumbing to a more pernicious, less obvious and far more lasting tech oligarchy gaining ever more control over our economy, culture and politics.

“We are certainly looking at” bringing antitrust cases against Amazon, Facebook and Google,” Trump said in an interview just before the election, adding that he’s had “so many people” warning him about their overwhelming power.  read more »

Superstar Effect Wins Again as Amazon Chooses New York, Washington for HQ2/3

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Amazon, obviously embarrassed at the way their HQ2 process has been received, leaked the results of the competition the night before Election Day, ensuring coverage will be largely muted.

Amazon has reportedly decided to split HQ2 between two locations, New York City (Long Island City, Queens) and Washington (Crystal City, VA).  read more »

Signs of Hope in California?

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Ronald Reagan is not coming back, but California may be avoiding a trip to the insane asylum. Yes, the GOP’s lackluster gubernatorial candidate, John Cox, lost by almost 20 points, and the only issue in the legislature is whether the Democrats regain their supermajority in both houses. But it could have been much worse.  read more »

Economics Blunt A Blue Wave In 2018 Elections, But Danger Signs Mount For GOP

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All politics is local, Tip O’Neill observed, and despite the national battle between Donald Trump and the Democratic “resistance,” the mid-term elections in rural states and the Midwest showed this dictum still holds.  read more »

Ultimate City: Guangdong-Hong Kong-Macao Greater Bay Area (with Photographic Tour)

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The Pearl River (Zhujiang) Delta has developed into the world’s ultimate city (Figure 1). More people live in the urbanization there than in any space of similar size in the world (Figure 2). Once home to separate urban enclaves comprising 9 million residents in 1980, the now adjacent urban areas of the Pearl River Delta are home to 55 million residents, nearly one-half more in either the Yangtze Delta adjacent urban areas (which have undergone a similar development process) or the Tokyo-Yokohama urban area with 38 million residents (Note 1).  read more »

California Supports “Foreign” Big Oil

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California is home to the largest crude oil reserves in America, but the States’ choice to not drill for that oil requires in-state manufacturers to “export” billions of dollars annually to oil rich foreign countries to import their oil to meet the state’s energy demands.  read more »

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