Economics

There are few issues, if any, more important than income and poverty. The most successful political jurisdictions, where national or sub national, are characterized by rising incomes and falling rates of poverty. A large and growing middle-class is key to that. But measuring the size and trend of the middle-class is easier said than done.  read more »

A couple of folks had interesting counterpoints to the superstar effect. Neil Strickland gave me permission to post the following email he sent:  read more »

Already anointed by The New Yorker as the “head of the resistance,” Gavin Newsom could well think he’s also king of California politics. He can both sell himself as the model of progressive virtue and also lord of the world’s fifth-largest economy, home to three of the world’s most powerful and influential companies.  read more »

Even as many Americans look with horror on the authoritarian blusterer in the White House, we are slowly succumbing to a more pernicious, less obvious and far more lasting tech oligarchy gaining ever more control over our economy, culture and politics.

“We are certainly looking at” bringing antitrust cases against Amazon, Facebook and Google,” Trump said in an interview just before the election, adding that he’s had “so many people” warning him about their overwhelming power.  read more »

Amazon, obviously embarrassed at the way their HQ2 process has been received, leaked the results of the competition the night before Election Day, ensuring coverage will be largely muted.

Amazon has reportedly decided to split HQ2 between two locations, New York City (Long Island City, Queens) and Washington (Crystal City, VA).  read more »

All politics is local, Tip O’Neill observed, and despite the national battle between Donald Trump and the Democratic “resistance,” the mid-term elections in rural states and the Midwest showed this dictum still holds.  read more »

California is home to the largest crude oil reserves in America, but the States’ choice to not drill for that oil requires in-state manufacturers to “export” billions of dollars annually to oil rich foreign countries to import their oil to meet the state’s energy demands.  read more »

America seems to be heading inexorably toward a Weimar moment, a slide toward political polarization from which it could be increasingly difficult to return. Weimar — that brief, brilliant and tragic German republic of the 1920s — was replaced by Hitler’s murderous regime in 1933.  read more »

California’s Republican Party was once a force to be feared, not only in the state, but across the country. Nowadays, it’s at most a mild irritant and sometimes a convenient whipping boy for the Democratic progressives, who run the state almost entirely. Nothing is working much for the GOP this year. The Republican gubernatorial candidate, John Cox, has little charisma, no discernible local roots, and no compelling message. He sneaked into the runoff election because too many Democrats vied for the job. He’ll be thrashed by Lieutenant Governor Gavin Newsom, likely by a wide margin.  read more »

Carmel, Indiana is an upscale business suburb of Indianapolis that I’ve written about previously, noting them as a paradigm of the new aspirational suburb. Strong Towns and Charles Marohn have been critics of Carmel, mostly because of that city’s billion dollars in debt (on a population of 93,000).  read more »