Economics

A New Dawn for the Working Class?

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The labouring masses are restless, as evidenced by the Canadian trucker strike, union drives in Amazon warehouses in the US and in demonstrations throughout the developing world. More revealing still may be the turmoil in the labour markets, where workers are changing jobs, creating their own and, overall, refusing to return to the structures of the pre-pandemic order.  read more »

St. Louis Plans More Transit Spending

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The Shiloh-Scott extension added 3.5 miles to St. Louis’ light-rail system in 2003, yet St. Louis transit carried 4.5 percent fewer bus and rail riders in 2004 than it had carried in 2002.

As an op-ed article in the St. Louis Business Journal points out, buses carried 40.3 million riders in 1993, before the region’s first light-rail line opened.  read more »

Is Suburbia’s Global Benchmark Share of Urban Jobs 87%?

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“The great enemy of truth is very often not the lie--deliberate, contrived and dishonest--but the myth--persistent, persuasive, and unrealistic. Too often we hold fast to the cliches of our forebears. We subject all facts to a prefabricated set of interpretations. We enjoy the comfort of opinion without the discomfort of thought.”  read more »

Metro Costs of Living and Domestic Migration: 2010-2020

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As the recently ended decade evolved, migration from more costly US metropolitan areas to those with lower costs increased. This developing dispersion is indicated in net domestic migration among the nation’s 384 metropolitan areas from 2010 to 2020. This article categorizes the 384 metropolitan areas by Bureau of Economic Analysis 2020 Regional Price Parities (cost of living), and their net domestic migration.  read more »

"ESG" = Extreme Shortages Guaranteed!

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The Environmental, Social and Governance (ESG) factors climbing up the agenda in the banking industry would have banks divest in fossil fuels.  read more »

Subjects:

A Long Term Outlook on Housing Affordability

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So, there’s yet another inquiry into housing affordability underway. This latest is called “The House of Representatives Standing Committee on Tax and Revenue inquiry into housing affordability and supply in Australia.” Chaired by NSW Liberal MP Mr Jason Falinski, it’s getting a few headlines with statements like ‘half the cost of new house and land packages consist of state and local government charges.’  read more »

Nashville: The Evolving Urban Form

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Nashville’s has long been known as “Music City,” a title that dates nearly a century to 1925 when the first “Grand Ole Opry” performance was held in the Ryman Auditorium (above). For even longer, Nashville has been the capital of Tennessee, with the 10th oldest state capitol building in the nation (below). But the big story increasingly has been the area’s rapid growth  read more »

The Housing Racket Goes On

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Once again, I feel compelled to write about house prices. Why? Because it is the most important cause of social distress in New Zealand today, and that by a large margin. There would still be social problems if house prices were half their present level, but they would be vastly more manageable – child poverty would be much reduced, mental health would be better, there would be less homelessness, there would be fewer suicides, and educational progress would be better if kids didn’t have to move between one over-crowded home and another at too frequent intervals.  read more »

Report: Restoring the California Dream

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This newly released report examines how the California dream can be restored for California's middle- and working-class families. An excerpt follows:  read more »

California's Economy is Weaker Than it Looks

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Whisper it, but the $45 billion surplus Gavin Newsom has projected for California next year isn’t quite what it seems. In fact, the bulk of that surplus is largely due to the earnings of a few giants such as Google, Apple and Meta (formerly Facebook), as well as a handful of IPOs.  read more »