Economics

Self-Fulfilling Prophecy

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Urban planners predicted that Millennials would prefer renting apartments in dense cities over owning homes in low-density suburbs. So they told regional governments to restrict low-density development and promote high-density housing instead. Now, Millennials are 18 percent less likely to own homes than their parents did when their parents were young: in 1990, 45 percent of 25-34-year-olds owned their own homes; by 2015, it was just 37 percent.  read more »

EU Auditor High-Speed Rail Criticisms: Lessons for North America and Australia

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The European Court of Auditors issued a report in late June critical of Europe’s development of high-speed rail. The European Court of Auditors is described on its website as: “the EU's independent external auditor, the European Court of Auditors looks after the interests of EU taxpayers.  read more »

A Corporate Wealth Tax: Making the Oligarchs Pay

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It may be en vogue among a certain group to express concern about the influence of Russian oligarchs within our political system, but perhaps we should all be a bit more concerned about the home-grown variety, the Silicon Valley and tech billionaires. Given their huge wealth, influence and control over information, we need to start having serious discussions about how best to deal with their impact on our democracy, which they increasingly seem to want to co-opt with their money and power.  read more »

The Once and Future Lagos

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City Journal just ran a very interesting piece on Lagos by Armin Rosen. Lagos is by some estimates Africa’s largest city and is well known as a creative capital. I don’t know anything personally about the city, but found Rosen’s description balanced and fascinating. Here are some excerpts:  read more »

The West Is In The Midst Of A Migration And Identity Crisis

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As the economy has improved, popular concern, both here and abroad, has shifted to issues of migration and identity. Just last year, immigration, according to Gallup, was seen as the most important issue by barely 5 percent of the population, while the economy was cited by more than four times as many. But now, immigration and undocumented aliens is now the biggest concern to 15 percent of the population, equal to that of the economy.  read more »

Iowa’s Next Election: Bridging the Urban-Rural and Class Divide

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My home state of Iowa famously gave Barack Obama a convincing victory in the Democratic caucuses in 2008, the first triumph that launched a young U.S. senator from Illinois to become the first African-American president. Obama ultimately won two terms, and each time Iowans favored him by considerable margins. Iowa was also one of several Midwestern states that famously flipped to support Donald Trump in 2016.  read more »

Watch Out! Here Come the ‘Woke’ Tech Oligarchs

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Once the rich protected themselves by aligning with Republicans who would protect their property from high taxes and their firms from regulation.

Some still do—notably the Koch brothers—but this breed of right-winger is gradually losing out to more progressive tilted plutocrats.  read more »

American Migration: Exploring Where People Move Across America

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Just a few years ago, experts indicated Americans (especially young Americans) were more interested in a different lifestyle than previous generations. Instead of owning a house in the suburbs, the new American dream consisted of renting an apartment in the city.  read more »

Can Lebron James Make Los Angeles Great Again?

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With his decision to move to Los Angeles, LeBron James has given our metropolis another reason to feel good about itself. When it comes to sports, and celebrity, Los Angeles’ lead is only growing, as evidenced by the recent movement of two football teams to the area, the proposed construction of a new basketball facility for the Clippers and the winning of the 2028 Olympics games.  read more »

Nashville Hot Chicken and the Pork Tenderloin: A Tale of Two Sandwiches

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One of the things you’re sure to hear about if you read up on Nashville is a local dish called “Nashville hot chicken,” a local culinary specialty.

To listen to people talk about it, you’d think eating Nashville hot chicken was some kind of ancient local religious rite. In fact, Nashville hot chicken appears to be a dish of fairly recent provenance. According to the Wikipedia entry for it:  read more »