Economics

COU Standard of Living Index 2017 – 2nd Annual Edition

cou-living-standard.jpg

In this policy brief, The COU Standard of Living Index, COU provides cost of living estimates for new entrants to metropolitan markets, including prospective home buyers as well as renters. See the report to understand the detailed criteria used to create the standard of living index.  read more »

To Revitalize Rust Belt Cities, First Stabilize Their Budgets

DetroitSkyline.jpg

We seem to be in the process of rediscovering the Rust Belt, as a result of Donald Trump’s surprise victory in the 2016 presidential election. Anyone who has recently visited Detroit, Youngstown or Erie can understand what Trump meant when he spoke in his inaugural address of “American carnage.”  read more »

The Price of Texas Growth: Housing Affordability

6044604666_6af744810a_z.jpg

The strong recovery from the Great Recession, fueled by the shale oil boom, propelled the demand for single-family homes in Texas. Homebuilders have been unable to keep pace with increasing demand. Supply is limited by the availability of land and labor constraints, pushing up home prices.  read more »

Subjects:

One In Five L.A. Community College Students Have Experienced Homelessness

ng.jpg

One would not usually associate homelessness with college students but in the Los Angeles Community College District (LACCD) about one in every five students has experienced homelessness, according to the LACCD Report on Survey of Student Basic Needs.  read more »

Nobody Knows Nothing in Corporate America

8009843527_92ed4a3f3a_z.jpg

If you want to understand why a lot of America’s youth embrace socialism today, just look at this small but revealing story about General Electric. Former CEO Jeff Immelt apparently didn’t just fly around the world in a corporate jet, a fairly standard practice, he had an empty spare corporate jet follow him around just in case anything happened to the jet he was actually using.  read more »

Subjects:

Notes from the Wharton Africa Business Forum

Nairobi_economic_capital_of_africa.jpg

The Wharton Africa Business Forum took place in Philadelphia on November 3-5, 2017. Present were the Finance Minister of Nigeria, the CEO of Ethiopian Airlines and other business leaders (notably from lead sponsors McKinsey & Company and the Boston Consulting Group) and educators. The event was attended by hundreds of participants including Wharton faculty, students and alumni, African investors and entrepreneurs, members of the African diaspora and many others who have an interest in Africa.  read more »

Robert Iger For President? To Many Democrats, The Mouse May Look Like A Louse

512px-BobIgerJun10.jpg

Few global companies enjoy as much public good will as the Walt Disney Company. The entertainment giant regularly ranks highly on lists of the most admired or trusted companies, including ones from Forbes and Fortune.  read more »

Journalism Disrupted Again as DNAInfo, Gothamist Shuttered

dna-info-logo.png

Owner Joe Ricketts shuttered unprofitable local news sites DNAInfo and Gothamist yesterday. Observers link this closure to a vote last week by New York employees to unionize.

This is an example of the disruption of the local media ecosystem. Technology allowed sites like DNA and Gothamist to exist in the first place, but local news has proven resistant to sufficient monetization to create profitability in most cases.  read more »

Blockchain - A Capitalist Revolution for the Internet

512px-Blockchain.jpg

Blockchain, i.e. digitized and decentralized public ledgers of cryptocurrency1 or digital asset transactions, might emerge as the tool to liberate the Internet from the domination of the tech oligarchy. In some senses, we can envision through historical analogy how Blockchain can change the very economic system of the Internet itself, much similar to the processes in the offline world that ended the Middle Ages and laid the foundations for the birth of Capitalism.  read more »

Subjects:

Economic Nationalism and the Half-Life of Deindustrialization

black-monday-youngstown-13.jpg

In a 60 Minutes interview in September, Steven Bannon touted his form of economic nationalism and suggested that Democrats like Senator Sherrod Brown and U.S Representative Tim Ryan understood his economic vision, even if they didn’t agree with him. It was fitting that he name-checked Brown and Ryan, as both come from Northeast Ohio, where the history of deindustrialization began 40 years ago this fall.  read more »

Subjects: