Economics

U.S. Late to the Party on Latin America, Africa

bigstock-World-population-rise-and-Eart-13736474(1).jpg

President Barack Obama's proposed tilt of U.S. priorities toward the Pacific – and away from the historical link to Europe – represents one of the most encouraging aspects of his foreign policy. Although welcome, we should recognize that this shift comes about three decades too late and that it may miss the rising geopolitical centrality of sub-Saharan Africa and Latin America.  read more »

Blue States Double Down On Suicide Strategy

bigstock-Income-Taxes-28331450.jpg

Whatever President Obama proposes in his State of the Union for the economy, it is likely to fall victim to the predictable Washington gridlock. But a far more significant economic policy debate in America is taking place among the states, and the likely outcome may determine the country’s course in the post-Obama era.  read more »

The Cities Winning The Battle For The Fastest Growing High-Wage Sector In The U.S.

iStock_000007524038XSmall.jpg

In an era in which many businesses that pay high wages have been shedding jobs, the wide-ranging employment category of professional, scientific and technical services has been a relatively stellar performer, expanding some 15% since 2001. In contrast, employment dropped over 20% in such lucrative fields as manufacturing and information-related businesses (media, telecom providers, software publishing) over the same period, and finance and wholesale trade experienced small declines.  read more »

Is Urbanism the New Trickle-Down Economics?

bigstock-Chicago-Skyline-1219045(1).jpg

The pejoratively named “trickle-down economics” was the idea that by giving tax breaks to the wealthy and big business, this would spur economic growth that would benefit those further down the ladder. I guess we all know how that worked out.  read more »

How The South Will Rise To Power Again

800px-Belle_of_Louisville_2.jpg

The common media view of the South is as a regressive region, full of overweight, prejudiced, exploited and undereducated numbskulls . This meme was perfectly captured in this Bill Maher-commissioned video from Alexandra Pelosi, the New York-based daughter of House Minority Leader Nancy Pelosi.  read more »

Prescription for an Ailing California

california-sunset_0.jpg

Only a fool, or perhaps a politician or media pundit, would say California is not in trouble, despite some modest recent improvements in employment and a decline in migration out of the state. Yet the patient, if still very sick, is curable, if the right medicine is taken, followed by the proper change in lifestyle regimen.  read more »

Detroit Future City

detroit-future-city.jpg

Recently the Detroit Works Project released their long awaited strategic plan for the city. This is the one led by Toni Griffin that produced a lot of public controversy because of suggestions it would result in the planned shrinkage or decommissioning (or even forced residential relocations) in sparsely populated neighborhoods.  read more »

World's Most Affluent Metropolitan Areas: 2012

rtp-06.jpg

Late in 2012, the Brookings Institution published its annual Global Metro Monitor (by Emilia Istrate and Carey Anne Nadeau), which estimates economic data for the 300 world metropolitan areas with the largest gross domestic product (GDP). The Global Metro Monitor also provides estimates of the GDP per capita for each of the qualifying metropolitan areas.  read more »

California's Politics of Farce

moving-van.jpg

Karl Marx wrote, "History repeats ... first as tragedy, then as farce." Nothing better describes how California, with its unmatched natural and human riches, has begun to morph into what the premier California historian Kevin Starr has called "a failed state" – a term more usually applied to African kleptocracies than a place as blessed as the Golden State.  read more »

The New Power Class Who Will Profit From Obama’s Second Term

800px-Zuckerberg_meets_Obama.jpg

When President Obama takes the oath of office for the second time, he will also usher in a new era in American power politics. Whereas the old left-wing definition of “who rules” focused on large corporations, banks, energy companies and agribusinesses, the Obama-era power structure represents a major transformation.  read more »

Subjects: