Economics

Foreign Industrial Investment Is Reshaping America

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Declinism may be all the rage in intellectual salons from Beijing to Barcelona and Boston, but decisions being made in corporate boardrooms suggest that the United States is emerging the world’s biggest winner. Long the world leader as a destination for overseas investment, the U.S. is extending its lead as the favored land of overseas capital.  read more »

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Will Millennials Still be Liberal When They’re Old and Gray?

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The Millennial Generation (born 1982-2003) is the cohort most in favor of using the federal government to promote economic stability and equality since the GI Generation of the 1930s and 1940s. The attitudes of Millennials were heavily shaped by the protected and group-oriented way in which they were reared and their experience of feeling the full brunt of the Great Recession as they emerged into adulthood.    read more »

The State of the Anglosphere

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The world financial crisis has provoked a stark feeling of decline among many in the West, particularly citizens of what some call the Anglosphere: the United States, Canada, the United Kingdom, Ireland, Australia, and New Zealand. In the United States, for example, roughly 73 percent see the country as on the wrong track, according to an Ipsos MORI poll—a level of dissatisfaction unseen for a generation.  read more »

The Growth In Science & Research Occupations

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Local economic developers and policy pundits often point to scientific and research jobs as an important part of regional economies and a critical driver of innovation for the nation's economy. As we continue to filter through the data in our latest release (built on nearly 90 federal and state data sources), we notice that many occupations related to science and research are doing quite well.  read more »

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Clues from the Past: The Midwest as an Aspirational Region

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This piece is an except from a new report on the Great Lakes Region for the Sagamore Institue. Download the pdf version for the full report including charts and maps on the region.

The American Great Lakes region has long been a region defined by the forces of production, both agricultural and industrial. From the 1840s on, the region forged a legacy of productive power, easily surpassing the old northeast as the primary center of American industrial and agricultural might.  read more »

The Geography of Investment Grade Wines

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The world produces more than eight billion gallons of wine each year (including those Algerian reds that taste like lighter fluid). All fifty American states, including Alaska, have thriving local wine industries. The eastern end of Long Island now looks like the Médoc, and one reason that the European Union is suffering its debt hangover is because of the huge subsidies that are paid each year to growers who produce wines that no one wants to drink. But perhaps the biggest success of the industry has been to ferment demand for an oversupply of these barrels.  read more »

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Debating Higher Ed: STEMs, Skills, Humanities, and Hiring

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Forget about all the perceived problems with the American higher education system, and ponder these two numbers: 12.8 million and 3.4 million.
The first is the estimate of Americans actively looking for work and unemployed. The second is the number of job openings in the U.S. as of the end of December, according to the Labor Department.  read more »

The Three Laws of Future Employment

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As a college educator I am tasked with preparing today’s students for their future careers.

Implicit is that I should know more about the future than most people. I do not - at least not in the sense of specific predictions. But I can suggest some boundaries on the path forward.  read more »

Indianapolis: From Naptown to Super City

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I have long touted the sports strategy that Indianapolis used to revitalize its downtown as a model for cities to follow in terms of strategy led economic and community development. I really think it sets the benchmark in terms of how to do it, and it has been very successful.

Indy is hosting the Super Bowl on Sunday, something that is locally seen as a sort of crowning achievement of the 40 year sports journey. As part of that, the Indianapolis Star and public TV station WFYI produced an hour long documentary on the journey called “Naptown to Super City.” I think it’s a must watch for anyone who is trying to figure out to revitalize their own downtown.  read more »

Who Stands The Most To Win – And Lose – From A Second Obama Term

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As the probability of President Barack Obama’s reelection grows, state and local officials across the country are tallying up the potential ramifications of a second term. For the most part, the biggest concerns lie with energy-producing states, which fear stricter environmental regulations, and those places most dependent on military or space spending, which are both likely to decrease under a second Obama administration.  read more »