Economics

April Transit Falls to 58.7% of Pre-Pandemic Levels

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Transit ridership in April 2022 was 58.7 percent of April 2019, according to data released yesterday by the Federal Transit Administration. This is down from March  read more »

Reconsidering the City

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Over five millennia, urban centers have been drivers of civilization and progress, and have adapted in ways that have changed their form and function but assured their survival. Today, they are about to undergo another critical transition that will determine their relative position in the decades ahead.  read more »

Milwaukee Tool Creates New Legacy of Modern Industrial Success

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Hipsters sitting in an apartment in Silicon Valley or on the wharf in Boston can code a new restaurant-reservation app or pixelize a new video game with knockoff characters from Game of Thrones. But it takes someone who knows their way around a power tool to geofence a concrete rotary hammer or to automate a factory-floor process for making a sewer cleaner.  read more »

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Learning From Las Vegas: Tony Hsieh’s Big Gamble

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Back in 2014 I was in the live audience here in San Francisco listening to Tony Hsieh speak. He gave a presentation that was partly about the formation of his company Zappos. But more interestingly to me, it was about his attempts at urban revitalization in downtown Las Vegas where his company had relocated.  read more »

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California Needs a Recession

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Nowhere is better suited for flights of fancy than California, a place of miraculous growth and remarkable innovation. A backwater barely a century ago, with just over 3 million residents compared to nearly 40 million today, the Golden State has established pre-eminence over everything from agriculture and film to space travel and the internet.  read more »

What COVID Hath Wrought

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Glenn Ellmers’s analysis of COVID and Trump represents a classic, and effective, account of the situation from the perspective of declining liberty and adherence to traditional values.  read more »

California's Economy May Seem Healthy, But Just Wait for the Next Recession

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The California economy may seem healthy on the surface, with home prices soaring, Silicon Valley booming and the state government posting big multi-year state budget surpluses thanks to a massive surge in capital gains tax revenues and income tax revenues from tech stocks.  read more »

We're Telling the Wrong Story About Race in America

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It's been a week since a mentally ill racist murdered 10 people, most of them Black Americans, in a Buffalo supermarket. In the intervening days since this horrific tragedy  read more »

How the Boomers Robbed the Young of All Hope

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"Young people do not degenerate; this occurs only after grown men have already become corrupt." - Montesquieu, The Spirit of Laws, 1748.

The great test of a generation is whether it leaves better prospects for its descendants.  read more »

America's Two Housing Markets

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Imagine that, on top of all our other problems, the United States had a shortage of pickup trucks. While many pickups are purchased for recreational purposes, they also play vital roles in construction, farming, forestry, and other industries.  read more »