Blogs

This week, Time magazine named Federal Reserve Chairman Ben Bernanke “Person of the Year 2009.” CNBC’s panel of experts gave Bernanke the “Man of the Year” title (no misogynists there!) in 2008. And well they should since their sponsors are among the biggest recipients of the Paulson-Bernanke-Geithner bailout.  read more »

The press’s love affair with President Obama goes so far as to give him credit for actions of his predecessor, George W. Bush. Over the last week, the New York Times and The Guardian,
Britain’s “quality leftist daily gave the President credit for working out a deal with auto makers to improve fuel efficiency by 30%.  read more »

The Canadian planning blog “Planning Pool” congratulated the Charlotte, North Carolina light rail line, noting that it “experienced an 800% increase in ridership last year” (“Transit Success in Sprawl City,” December 4).  read more »

First American CoreLogic, a real estate research company, recently released data on negative equity mortgages for the third quarter of 2009. The situation is stark. Nearly one in four U.S. mortgages (23%) is currently underwater, with the borrower owing more than the property is currently worth.  read more »

In the new Wall Street math of the post-9/08 world, it seems that some people turn to humor and others to rage. First they burned down our 401k plans: some people found this funny and made jokes about their “201k” plans.  read more »

Part III in the video series on East St. Louis explores ideas put forward for (re)development of the city, including cultural tourism based on the city's African American heritage and use of vacant land for farming to create a local food source for the St. Louis metropolitan area.  read more »

There is considerable discussion about tasking the Federal Reserve Board with monitoring and even taking actions to prevent asset bubbles. Before they move too far, the Fed needs to understand what happened in the housing bubble to which they responded after the world economy was decimated.  read more »

In the 1990s, just about the only site amenity that most suburban developments offered was a fancy entrance monument. Usually, there were no other additions beyond ordinance minimums and even those weren’t generally elaborate. Some of these monuments did cost millions, but once past the gilded gates, the seduction ended, and residents were greeted by familiar monotonous cookie cutter subdivisions.  read more »

When a bunch of American bankers woke up last Thursday, I hope they found more to be thankful for than just a traditional turkey dinner. It’s thought that the American banks will have less exposure to Dubai World than most European or Asian banks – although the American banking industry is known to hide a thing or two up their sleeves.  read more »

The world’s richest man recently sent a shockwave through the world food community by calling for another green revolution built upon n sustainability paired with genetic modification. Gates, one of the preeminent global philanthropists, made the case for empowering Africa’s small landholder farmers to be more productive in drought-ridden and other harsh environments.  read more »