When Rahm Emanuel was Barack Obama’s Chief of Staff, little did he know he’d be helping craft a law that would help him as the future Mayor of Chicago. Many American cities failed to put away enough money for current and former government workers. Rahm Emanuel and powerful Democratic Party interest groups would like the federal government to bailout their pensioners. read more »
For more than a quarter century, the leaders in the Oregon portion of the Portland metropolitan area have sought to transfer demand for urban travel from automobiles to transit. Six rail lines have been built, five of which are light rail and bus service has been expanded. If their vision were legitimate, transit’s market share should have risen substantially and automobile travel should have declined. Neither happened. read more »
Nobel Laureate Paul Krugman tells us that “sprawl killed Detroit” in his The New York Times column.
The evidence is characterized as “job sprawl” – that a smaller share of metropolitan area jobs are located within 10 miles of downtown Detroit than in the same radius from downtown Pittsburgh (see Note on Decentralization and “Job Sprawl”). It is suggested that this kept the city of Pittsburgh out of bankruptcy. read more »
One of the big myths of the twentieth century is that large American cities are necessary and inevitable. Yet in reality growth has been dispersing to suburbs and smaller cities for the last two decades. As the decline of Detroit, once the country’s fourth largest city, reveals in all too harsh terms, being bigger is not always better. read more »
Atlantic Cities reports on research indicating an association between suicide and lower density, in an article entitled “The Unsettling Link Between Sprawl and Suicide.” Actually, there’s no reason to be unsettled, at least with respect to urban areas and their densities. The conclusions apply to rural areas, not urban areas. read more »
In an article entitled, “The People Moving to Austin and ‘Ruining It’ are from Texas,” the Austinist notes that more people are moving to Austin from neighboring Williamson County than from Los Angeles County.
The article has the potential to mislead in two ways. read more »
In a Daily Telegraph commentary, London Mayor Boris Johnson expects the proposed high-speed rail line from London to Birmingham (HS2) to cost £70 billion (approximately $105 billion). This is two thirds more than the most recent estimate of £42 billion (approximately $63 billion), which includes a recent increase in costs from £32 billion (approximately $48 billion) for the 140 mile long first segment. read more »
The great North Dakota boom, driven by oil development and strong agricultural markets, has continued to put the state at the top of economic growth rankings. The state can now add "housing growth" to the list.
As the region's oil industry expands and matures, the market for more permanent housing solutions has heated up. According to recently released Census data, North Dakota led the nation in housing growth in 2012, increasing its supply of housing by 2.3% in just one year. Overall national growth was 0.3%. read more »
Despite panning Texas Governor Rick Perry’s initiative to draw businesses from New York, Slate’s business and economics correspondent, Matt Yglesias offers sobering thoughts to growth starved states along on the West Coast and in the Northeast. read more »
For years, some justified high pay for college educated professionals because they served as a data base for certain types of knowledge – medicine, dentistry, pharmacy, law, accounting or any number of other disciplines taught at the college level. But with the advances in information technology and robotics, those salaries might not be justified in the near future. Information technology is currently forcing downsizing in the law sector, as fewer lawyers are needed to research cases or produce wills, trusts and divorce decrees. read more »