Economics

Chances are at some point in your life you have been turned off by a discourteous hotel receptionist, an indifferent server at a restaurant, or a poorly trained salesperson at a clothing store. As a result, we might complain to our friends or on social media – or possibly notify the management of our bad experience. We may take our business to competitors with the expectation of receiving better service. However, we would rarely indict all hotels, restaurants, and clothing stores as deficient and needing reform as a result.  read more »

For virtually all of its history from statehood in 1850 to 2000, California was a magnet drawing households from the rest of the United States for better lives. Indeed, in a nation that had its "American Dream," California had its own "California Dream."  There was no Oregon dream, despite its mountains , seashore and proximity to California, nor was there a Maine or South Carolina dream.  read more »

Although there is a perception by some that the state of Illinois is in decline, the reality might not be quite so bad, at least at the moment. Estimates indicate that the population of Illinois has declined by about 1% since 2013. However, the population of the state is still larger than it was in 2000.  read more »

A California Regional Sustainability Plan for the 88 cities of Los Angeles County to be carbon neutral by 2050 includes a sunset to the oil and gas industry. That 220-page plan will also sunset the 5th largest economy in the world. Sunsetting, as used here, means bringing it to a slow and untimely death.  read more »

About a month ago, I came across a paper via Twitter in which the authors, Michael Hankinson of the City University of New York and Asya Magazinnik of MIT, studied the impact of at-large and district representation in local government on the "trade-off between the efficient production of collective goods and the equitable distribution of costs."  read more »

What do you picture when someone refers to the “Trump’s base”?  read more »

As a recently released Organization for International Cooperation and Development (OECD) noted, house prices have been generally rising far in excess of incomes in a number of nations (Under Pressure: The Squeezed Middle Class). OECD finds that these rapidly rising house prices have been a principal contributorto rising cost of living that has already resulted in economic reversals for the middle-class.  read more »

American cities such as Berkeley, San Jose, San Francisco, Houston, Los Angeles, New Orleans, Albuquerque, and other U.S. cities are moving to ban natural gas as a step toward becoming carbon free in the next few decades. They’re about to take one giant step toward Germany’s failed climate goals which should be a wake-up call for governments everywhere, but it appears our leaders deliberately intend to follow the German failure.  read more »

The next great political civil wars won’t be over race, the nation-state, religion or even class. They will be generational, pitching the Boomers, who still dominate the global economy, against their offspring, the Millennials, who assuredly do not.  read more »

California may have gotten its global allure from the Gold Rush and the movies, but it’s planes, missiles and now drones and spaceships that have underpinned the state’s industrial emergence.

Today, after decades of rapid decline, California’s aerospace employment is growing again, albeit slowly, providing a new chance for the state’s productive economy.  read more »