Economics

The California Cheerleaders Are at it Again

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State Treasurer Bill Lockyer and economist Stephen Levy published a piece in the Los Angeles Times that argues that California doesn't really have any fundamental problems. In their piece, Lockyer and Levy don their rose-colored glasses and give us the same tired old excuses, twisted logic, and factual inaccuracies.

I'll begin with the factual inaccuracies:  read more »

A New Era For The City-state? The New World Order

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The city-state, a relic dating back to Classical or Renaissance times, is making a comeback. Driven by massive growth in global trade, shifts in economic power and the rise of emerging ethnic groups, today’s new independent cities have witnessed rapid, often startling, economic growth over the past decade.  read more »

Smart Growth and the Quality of Life

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The idea of “smart growth” should be like mom and apple pie. But take a closer look and you find, for the most part, that smart growth policies often have unintended consequences that are anything but smart.  read more »

Toward a Continental Growth Strategy

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North America remains easily the most favored continent both by demography and resources. The political party that harnesses this reality will own the political future.

America cannot afford a prolonged period of slow economic growth. But neither Democrats nor Republicans are prepared to offer a robust growth agenda. Regardless of what happened in the November midterm elections, the party that can outline an economic expansion strategy suitable to this enormous continental nation will own the political future.  read more »

Belly-Up In The Burbs: Bank-Owned Developments

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In 2009, the number of repossessed autos increased to 1.9 million. The number of homes under foreclosure varies from month to month, but the 2009 total was about 2.8 million. For 2010, it seems that a million new foreclosed homes would be conservative, with a large percentage in California. Miss a few payments on an auto loan and you may wake up to an empty driveway.  read more »

Can We Replicate in the 21st Century What we Accomplished in the 20th? Not if We Handcuff Ourselves

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Can the American republic replicate in the 21st century what its people accomplished in the 20th: widespread economic prosperity at home, the conquering of tyrannies and fascist ideologies abroad, the application of science to eradicate disease and improve life? These accomplishments took great efforts and costs, but the benefits were extraordinary. I have been optimistic my whole trend-forecasting career, but now it has become harder to be optimistic.  read more »

Subjects:

If California Is Doing So Great, Why Are So Many Leaving?

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Superficially at least, California’s problems are well known. Are they well understood? Apparently not.

About a year ago Time ran an article, "Why California is Still America's future," touting California's future, a future that includes gold-rush-like prosperity in an environmentally pure little piece of heaven, brought to us by "public-sector foresight."  read more »

Cities That Prosper, Cool or Not

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Over the past few years, the raging debate in economic development has been over whether cities should be cool or uncool. Should cities pursue “the creative economy” by going after arts, culture, creative research & development, and innovation? Or should they focus on the bread-and-butter economy: hard infrastructure, traditional industries like manufacturing, and blue-collar jobs?  read more »

Florida Goes Underground

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By Richard Reep

Last year’s report that Florida had lost people marked a new low in our state’s boom-and-bust history. But this autumn’s news seems to surpass even that sorry milestone with a combination of sluggish tourism, empty state coffers, and a reputation as one of the top real estate foreclosure states. Florida just can’t seem to get out of its own way, and with the fourth highest population in the country, it could have competed with Texas to replace California as one of the best business climates in the nation. Instead, Florida, which boasts one of the lowest tax rates in the nation, continues to see businesses and citizens depart  read more »

Korea Conflict Shows That Borderlands Are Zones of Danger

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The current conflict between the Koreas illustrates a broader global trend toward chaos along borders separating rich and poor countries. Ultimately, this reflects the resentments of a poor neighbor against a richer one. Feeling it has little to lose, the poorer neighbor engages recklessly in the hope of gaining some sort of tribute or recognition   from the better-heeled neighbor, or at least boosting its own self-respect.  read more »