Blogs

Hong Kong Response to High Housing Prices: Expand Land Supply

Hong Kong financial chief John Tsang has promised to expand the city's land supply for residential housing, "in response to rising public anger over soaring property prices and repeated warnings of a looming real estate bubble." Channel News Asia's Hong Kong bureau indicated that the move was precipitated by the "sky-high" housing cost that have been drive by insufficient land for development and speculation (which routinely is intensified where demand for housing is  read more »

New Metro GDP Data Released

The Bureau of Economic Analysis yesterday released the 2009 data for metropolitan area GDP. Their headline, “Economic Decline Widespread in 2009,” should come as a surprise to no one.  read more »

Seattle, Denver & Portland: Slowing Growth Rates & Convergence

Just released 2010 Census data indicates that the growth rates of the Seattle, Denver and Portland metropolitan areas fell significantly in the 2000s compared to the 1990s.  read more »

Rahm Emanuel Wins The Right to Confront Chicago’s Problems

Rahm Emanuel has won Chicago’s Mayoral election. He now must confront Chicago’s massive problems. The Chicago Sun-Times is already grim:  read more »

What's in a (Metropolitan Area) Name?

Only two of the world's megacities (metropolitan areas or urban areas with more than 10 million people) have adopted names that are more reflective of their geographical reality than their former core-based names. It is likely that this will spread to other megacities and urban areas as the core jurisdictions that supplied the names for most become even less significant in the dispersing urban area.  read more »

Maglev-Jitney Could Revolutionize Mass Transit

Using EDS suspension developed in Germany with Halbach array magnets, mini-maglev jitneys are a new technology that could transform congested corridors of Orlando. The train car itself is small – only 8’ wide x 30’ long – and holds approximately 12 sitting people and 8 or 9 standing people. But the ability of the train to zip along the centerline of crowded arteries like 17-92 and 50, and future tracks along secondary strips within the region, could give people a new way to travel.  read more »

Tampa to Orlando High Speed Rail: The Risk to Local Taxpayers

No sooner had Florida Gov. Rick Scott rejected federal funding for the Tampa to Orlando high-speed rail line, than proponents both in Washington and Tallahassee set about to find ways to circumvent his decision. While an approach has not been finalized, a frequently suggested alternative is to grant the federal money to a local government, such as a city or county or even to a transit agency.  read more »

Debt Ceiling or Spending Limit?

We’re seeing a lot of debate in Washington about what is commonly referred to as the "national debt ceiling." This post is an attempt to shed some light – and provide some good resources for further information – on what this really means. National debt is not the total future obligations of the federal government to pay. It is basically all the public debt (like Treasury bills) plus money we owe to other governments – in other words this ceiling only puts a limit on how much the federal government can borrow, not on how much they can spend.  read more »

Giving the "New Houston Metro" Credit Where it's Due

Tuesday, the Houston Metropolitan Transit Authority (Metro) held a blogger luncheon with senior Metro people (Chairman, CEO, board members, managers) at the Rail Operations Center south of Reliant.  It was an informative event with a lot of good two-way Q&A.  And it included an impressive tour of the facility, which, btw, is not air conditioned in the main maintenance bay.  Let's just say it was the right time of year for a tour and I'm really glad I don't work there in the summer.  read more »

City of Chicago Falls to 1910 Population Level.

The Bureau of the Census has just reported that the city of Chicago lost more than 200,000 people between 2000 and 2010. At 2,696,000, this takes Chicago to its lowest population since 1910, and nearly 1,000,000 fewer than its census population peak of 3,621,000 in 1950. In 1910, the city had a population of 2,185,000, and increased in 1920 to 2,702,000.  read more »