Economics

California's Message: You Built That, Now Get Out!

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The people who build our homes increasingly can no longer afford them. As the state elite and their academic cheering crew celebrate our progressive boom, even the most skilled, unionized construction workers, notes an upcoming study, cannot afford to live anywhere close to the state’s major job centers.  read more »

Millennial Preferences: Not So Different

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Economists at the Federal Reserve Board have published exhaustive research on Millennial spending patterns and generally find that they are similar to those of other generations (See: “Are Millennials Different?,” by Christopher Kurz, Geng Li, and Daniel J. Vine). The research examines Consumer Expenditure (CE) Survey data and the conclusion is summarized by the authors:  read more »

Do Californians Support the State Being a National Security Risk on Imported Oil?

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Ships under foreign flags arrive daily at ports of call up and down California’s coastline carrying a precious cargo that the State can produce itself, yet it imports it because the powers that be won’t let California’s historically successful oil industry tap into the resources already available.  read more »

Amazon: New York Caused the Divorce – Don’t Go Back

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Today’s big news is that New Yorkers are pleading with Amazon to reconsider its decision to halt its HQ2 project in their city. The Wall Street Journal reports that Gov. Andrew Cuomo has been in contact with Amazon executives, urging them to rethink their decision to abandon plans for a headquarters campus – and 25,000 jobs – in Queens.  read more »

Where Millennials Really Go for Jobs

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When Amazon decided to locate its second headquarters in New York, it cited the supposed advantages of the city’s talent base. Now that progressive politicians have chased Amazon out of town, the tech booster chorus has been working overtime to prove that Gotham, and other big, dense, expensive cities, are destined to become “tech towns” anyway, because of their young, motivated labor pools.  read more »

Why Suburbs Need To Be The Next Frontier For Cities Policy

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“Around the world, the vast majority of people are moving to cities not to inhabit their centres but to suburbanise their peripheries. Thus when the United Nations projects the number of future ‘urban’ residents… these figures largely reflect the unprecedented suburban expansion of global cities.”  read more »

America’s Oligarchs Face Left-Wing, Right-Wing Backlash

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When the late Steve Jobs died in 2011, even protesters from the left-wing Occupy Wall Street movement mourned his passing. Today, it is unlikely that the passing of a tech giant would elicit much in the way of sympathy from progressives or, for that matter, almost anyone else.  read more »

Direction of Dallas and Urban Growth

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Should the direction of Dallas urban growth continue to grow north? Does inserting low-income housing in North Dallas create an inclusive urban growth direction for Dallas? Does the direction of Dallas and its current goal of moving low-income wage earners closer to higher wage jobs in North Dallas increase or decrease wealth for low-income families? The SMU/George W. Bush Institute Conference, Policies to Promote Inclusive Urban Growth, was a meaningful conference on the direction of Dallas and cities and gave clues to all these questions.  read more »

Small-Town America Measures Up to Have Big-Time Potential for Economic Growth

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As American as baseball, hot dogs and apple pie, Main Street America - and its small towns - is a central component to understanding the economic forces at work across the United States. Dotting the U.S. map – in the Heartland and beyond – are 531 small towns, better known as micropolitan statistical areas, which comprise of one or more counties with at least one city with more than 10,000 but less than 50,000 in population.  read more »

Airbus A380: Death of the “Plane Born to Die”

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Airbus’ cancellation (February 14) of the four engine, wide-body A380 jumbo jet ends the troubled life of a plane that always was too big and out of sync with changing market realities.  read more »