Dr. Alethea Hsu has a strange-seeming prescription for terrible times: She is opening a new shopping center on Saturday. In addition, more amazingly, the 114,000 square foot Irvine, Calif., retail complex, the third for the Taiwan native's Diamond Development Group, is just about fully leased.
How can this be in the midst of a consumer crack-up, with credit card defaults and big players like General Growth struggling for their existence? The answer is simple: Hsu's mostly Asian customers – Korean, Chinese, Taiwanese, Japanese – still have cash. read more »
Twenty-five years ago, along with another young journalist, I coauthored a book called California, Inc. about our adopted home state. The book described “California’s rise to economic, political, and cultural ascendancy.”
As relative newcomers at the time, we saw California as a place of limitless possibility. And over most of the next two decades, my coauthor, Paul Grabowicz, and I could feel comfortable that we were indeed predicting the future. read more »
Rust Belt communities are obsessed with brain drain. The demographic losers of economic restructuring, cities are employing a variety of strategies to stop the bleeding and keep the talent from leaving the region. Akron, OH recently voted down a proposal to lease the city’s sewer system in order to fund a scholarship program designed to plug the holes of out-migration. The voters balked at the initiative partly as a result of the 30-year residential commitment necessary to reap the full benefits of the funding for post-secondary education in Akron schools. read more »
Nothing made Barack Obama's victory potentially more historically significant than his overwhelming support from millennial voters, members of the generation born in or after 1982. Obama won voters under 30 by roughly two-to-one, compared with barely half for John Kerry, making some Democrats positively giddy with the prospect of long-term domination of American politics. Most of these voters also stayed with the Democrats down ticket, enhancing the mass slaughter of GOP lambs across the country.
Whether the Democrats keep this edge, however, depends not so much on the new president's personal appeal, but on whether he and his party can deliver economically for workers entering a very tough economy. read more »
As an old radical Democrat, I remained fearful that this fall would see another 2000 and 2004. But instead there was a massive shift of perhaps 10 million votes, or about 7 percent to the Democratic side. read more »
There is going to be a lot of debate on the impact of Barack Obama’s election on the future of affirmative action.
There has been speculation for months among all sides of the debate about whether Obama’s ascension to the Presidency would provide proof positive that affirmative action is no longer necessary, or at least, has run its course.
Ward Connerly, a black Republican who has led the fight to ban affirmative action in California and other states, told the San Francisco Chronicle today that Obama’s election decimates “victimhood“. read more »
Barack Obama rode to his resounding victory on the enthusiasm of two constituencies, the young and African Americans, whose support has driven his candidacy since the spring. Yet arguably the biggest winners of the Nov. 4 vote are located at the highest levels of the nation's ascendant post-industrial business community.
Obama's triumph reflects a decisive shift in the economic center of gravity away from military contractors, manufacturers, agribusiness, pharmaceuticals, suburban real estate developers, energy companies, old-line remnants on Wall Street and other traditional backers of the GOP. In their place, we can see the rise of a different set of players, predominately drawn from the so-called "creative class" read more »
By Morley Winograd and Michael D. Hais
Senator Barack Obama’s success in the 2008 presidential campaign marks more than an historical turning point in American politics. It also signals the beginning of a new era for American society, one dominated by the attitudes and behaviors of the largest generation in American history.
Millennials, born between 1982 and 2003, now comprise almost one-third of the U.S. population and without their overwhelming support for his candidacy, Barack Obama would not have been able to win his party’s nomination, let alone been elected President of the United States. This new, “civic” generation is dramatically different than the boomers who have dominated our society since the 1960s and understanding this shift is critical to comprehending the changes that America will experience over the next forty years. read more »
There are two definitive differences between St. Louis and Los Angeles: Autumn is better in St. Louis, and more people speak Spanish in Los Angeles. And, yeah, there’s the Mississippi River and the humidity and the beach and the film industry and the palm trees, but in terms of my own private geography and topophilia, autumn and Spanish are the differences that matter. I long for LA in every season but fall, and a part of my longing is, inevitably, a longing for Spanish. read more »
It’s interesting to look at 2000 presidential election results from some extreme counties, contrasting the most Republican and the Democratic areas, and compare them to some areas that voted 50:50 in 2004. I’ll look at 7 counties of each kind, illustrating the peculiar geography of American partisanship. The Republican and the Democratic areas will not change much, but it will be fascinating to see what happens to the even split areas of 2004. Do look them up in your road atlas and on the web for more detail! read more »