Blogs

Recent soundings from Washington suggest that neither party has a solid idea of what to do about the deepening economic crisis. It makes me cringe to hear Barney Frank, Chairman of House Financial Services Committee, talking about a big stimulus to “prop up consumption”.  read more »

A recent article in the Las Vegas Review-Journal lamented the economic decline in the state according to a report by the Rockefeller Institute of Government in NY. The Rockefeller report cited a growth index released by the Philadelphia Fed, but reset the index to a baseline of January 2007, singling out Nevada as the worst performing state in the nation over that period.  read more »

After several days in New York, I encountered serious climate change — in terms of atmosphere — at a USA-Canada Summit in Grand Forks, ND. Sure people were concerned about the market meltdown, but the talk was all of new plans for expanding the economy across both sides of the border. The distressed martinis of Manhattan nights were gone in a place where drinks also came with good cheer.  read more »

Local and Regional banks in the Great Plains are doing just fine, thanks, according to Bill Wycoff, a bank president in southeast Kansas. Bill wrote in the WSJ Saturday that  read more »

Anyone in New York recently can see that the swagger is now gone. With the economy losing its primary engine - a relative handful of financial hotshots- the whole plutonomic system seems to be under major stress. The state and city budgets also seem to be heading south in a big way.  read more »

S&P released the July Case-Shiller Index today. Check out our line chart to follow the trend in each market.  read more »

The late Jesse Unruh, longtime speaker of the California Assembly, was a giant of a man, both in accomplishment and girth. But he will be forever remembered for having said that “Money is the mother’s milk of politics”.  read more »

You don’t have to believe Sarah Palin is qualified to be vice-President, much less President - I certainly don’t - to understand that her nomination has unsettled many people in our big metropolitan centers. The very idea that a former Alaskan small town Mayor being selected for such high office has elicited an outpouring of scorn towards micropolitan and small town America.  read more »

Many of you might know I am a bit of a Houston fan. It's not that they don't have zoning --- I am neutral on that issue --- but because they have heart. I was privileged to see Houstonians open themselves to 250,000 or more mostly poor and minority evacuees from Louisiana after Katrina. It was an inspiring effort and very ecumenical, led largely by evangelical Christians but including Jews, Muslims, Catholics and anyone else who gave down.  read more »

There is no city I am aware of that seems to have the amount of parks and green space it wants. This paucity is particularly glaring when it comes to parks for children and most prevalent in large, dense urban areas. And this is why non-profits like San Francisco's City Fields Foundation are stepping in to upgrade existing parks because public funds are not available in the quantities demanded by the public.  read more »