Economics

How About A Fusion Party In The Golden State?

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Once upon a time, the California Republican Party was a fearsome political instrument, forging the ground for two presidents. But today the California GOP is fighting rearguard actions to save its last remaining seats in once solidly Republican strongholds as Orange, San Diego and even in inland California, potentially costing them upward of seven House seats.  read more »

United States Is The Most Competitive Economy: World Economic Forum

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The United States is rated as the world’s most competitive economy according to the Global Competitiveness Report 2018, which is published by the World Economic Forum (WEF). The World Economic Forum sponsors the well publicized and invitation only annual meeting at Davos, in the Swiss Alps each winter.  read more »

One Nation, Two Economies

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Almost all news coverage of the current election season has focused on cultural issues such as gender, race, and immigration. What the media have missed are deep socioeconomic trends driving parts of the country in divergent political directions. President Trump has overseen a significant transformation in the geography of the nation’s growth and prosperity. Instead of clustering along the coasts—as many progressives may have preferred—the nation’s economic expansion is now increasingly benefiting red states, notably in the southeast, Texas, and the intermountain West.  read more »

Can “Renewables” Dent The World’s Need For Electricity?

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All 7.8 billion on this planet want affordable, scalable, reliable electricity. And for countries like the United States, China, India, most of Africa and the European Union (EU) the cheapest way to produce electrons is by burning coal. Carbon dioxide emissions are rising because the world will need more energy in the decades ahead in order to raise the living standard for the 1.3 billion people living in energy poverty according to the International Energy Agency (IEA).  read more »

California Feudalism: The Squeeze on the Middle Class

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Is the California Dream unraveling? Joel Kotkin and Marshall Toplansky warn how California is headed towards an increasingly feudal future in their latest report, "California Feudalism: The Squeeze on the Middle Class." Click the PDF link below to read the full study.  read more »

Middle East Cities Should Look Forward—and Back

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The Middle East may well be the birthplace of cities, and maybe capitalism itself, but for the most part, it continues to lag in developing a modern, workable urbanism. Yes, the region has produced high-tech hubs (e.g., Tel Aviv) and postmodern cities (e.g., Dubai), which can be regarded as rising international business centers, but it’s also home to megacities afflicted by mismanagement, poor planning, and some of the world’s highest unemployment rates.  read more »

California Ranks #1 In Sending Dollars Abroad For Energy

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The USA is now a net exporter of crude oil, with crude oil exports exceeding imports. This oil boom is beneficial to 49 states, but not to California. The American shale boom has important security implications as well, as America is now less dependent on crude oil from the turbulent Middle East, again, except for California.

Even more impressive is the fact that the U.S. has now overtaken Saudi Arabia in recoverable oil reserves.  read more »

California Becoming More Feudal, With Ultra-Rich Lording Over Declining Middle Class

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In the imaginations of its boosters, and for many outside the state, California is often seen as the role model for the future. But, sadly, California is also moving backward toward a more feudal society.

Feudalism was about the concentration of wealth and power in a relative handful of people. Historically, California created fortunes for a few, but remained a society with enormous opportunity for outsiders, whether from other states or countries.  read more »

Autonomous Cars Are Our Real Future

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Long a hotbed of new technologies, California insists on seeing its transit future in the rear mirror. Rather than use innovative approaches to getting people around and to work, our state insists on spending billions on early 20th century technology such as streetcars and light rail that have diminishing relevance to our actual lives.  read more »

The Communities Changing Now

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A couple days ago I referenced Pete Saunders’ observation that Sunbelt cities in their growth phase need to take advantage of their day in the sun to put in place the foundations for future next level prosperity.  read more »