One interesting thing about the luxury economy today in the U.S. is how much of it is being driven by tourists and non-residents. Another salient point: how the very wealthy have been largely immune to the current downturn. read more »
Mayor Daley said this week that the economy in Chicago is the worst that he's seen since becoming mayor.
You'd never guess this judging by the article about "demographic inversion" published in the New Republic by Alan Ehrenhalt . The author prints a lot of anecdotal evidence about on-going gentrification he witnesses in his hometown but unfortunately offers precious few statistics about job growth. read more »