A Look at the Information Sector

Between economic development strategies targeting software firms, the deflation of the tech bubble, talk of "broadband," and recent consternation about failing publishing business models, we seem to hear a lot about the information sector. Recognizing that, it's interesting that the information sector only comprises about 2.2% of total employment in the US.

On top of that, after a big decline since the tech bubble peak in 2001, in February the sector has receded to just more than 2.9 million jobs, a level not seen since April 1996.  read more »

$12.8 Trillion Committed to Bailout

Shortly after I told you that is reporting a running total of the money the U.S. government has pledged and spent for bailouts and economic stimulus, reporters Mark Pittman and Bob Ivry updated the totals: So far, $12.8 trillion has been pledged – an additional $1.2 trillion over the earlier report.  read more »

City & Suburban Trends: Sometimes it Helps to Look at the Data

Jonathan Weber writes that "Most demographic and market indicators suggest that growth and development across the country are moving away from the suburban and exurban fringe and toward center-cities and close-in suburbs," in an article for MSNBC entitled Demographic trends now favor downtown: Growth across the country moves away from suburban and exurban fringe.  read more »

Betting against the USA -- told ya' so!

More than once in this space, I’ve said that derivative financial products set up a perverse incentive where investors have more to gain from the failure of companies and homeowners than their success. If you haven’t seen it yet, take a look at the longer version of my description of the causes and consequences of the current crisis to understand how failed financial innovations, like credit default swaps, contributed to the meltdown of 2008.  read more »

Moving Away from the City: The Reality Missed by the Fairfax County Survey

Political “spin” descended to a new low today with the publication of survey results purporting to suggest that suburban residents and workers are pining for city life. The Washington Business Journal dutifully reported that Today’s suburban workers and residents miss the amenities of cities.  read more »

Falling Off Bicycles in Portland

It has become customary for the fawning print media to lazily repeat whatever information is provided them by the urbanist lobby. The result is all manner of puff pieces that report as reality what is nothing more than hopes, or even delusions.  read more »

Who's Watching AIG?

The House Committee on Oversight and Government Reform held a hearing Wednesday – “AIG: Where is the Taxpayer Money Going?” Questions are being raised about whether the bailout better serves the interests of AIG’s customers and trading partners or the interests of U.S. taxpayers.  read more »

Mapping Urban Income Dispersion

Here's some cool maps from looking at income dispersion in the country's 25 largest metropolitan areas by population. From the page:  read more »

Entrepreneurship on the Rise?

The Kauffman Foundation, the "world's largest foundation devoted to entrepreneurship," recently released the 2008 edition of their "Index of Entrepreneurial Activity."  read more »

Can Wind Power be a Reliable Long Term Source of British Power?

The wind of change is blowing, but for once, that change might be affecting the wind.

Wind, often championed as a viable alternative-energy source in the United Kingdom, might not be as energy efficient as it was once thought to be. Independent reports of the wind-energy efforts in the UK “have consistently revealed an industry plagued by high construction and maintenance costs, highly volatile reliability and a voracious appetite for taxpayer subsidies.”  read more »