Economics

Jerry Brown’s long political career will likely end in January 2019, when the 80-year-old’s second stint as California governor concludes. In the media’s eyes—and in his own mind—Brown’s gubernatorial encore has been a rousing success.  read more »

Look away from President Trump and it’s easier to see how three long-term demographic and geographic trends are reshaping American politics.  read more »

They say Millennials are rejecting capitalism and are drawn to socialism. It’s hard to imagine why, as nearly all the problems they face are caused by bad government policies, not selfish entrepreneurs.  read more »

Professional and business services have long been identified with the downtowns of cities like New York, Chicago and San Francisco, where lawyers, accountants and architects are thick on the ground. However, in recent years there's been a clear shift in the geography of this vital sector, with some of the strongest job generation emerging far from the high-rise canyons. This shift is of profound importance given that professional and business services is by far the largest high-wage job sector in the U.S.  read more »

(Note: this past Sunday I wrote a 20-tweet (!), 657-word (!!) tweetstorm that was largely a response to some things from about a month ago. Yeah, I can hold onto a grudge. Anyway, here I'm offering an expanded version of the content from that tweetstorm, but also some elaborations that can provide more clarity and nuance. -Pete)  read more »

Let’s stipulate that Donald Trump is a vulgar, ignorant and often reckless narcissist. Yet he also may well prove a historical necessity, someone who, intentionally or not, has rendered apart a bi-partisan consensus well past its usefulness.  read more »

In the 1940s, American oil workers in Saudi Arabia stumbled across ruins in the desert. They had found Qaryat al-Fāw, a pre-Islamic city located deep in the deserts of the Arabian Peninsula. When the sand was dug up, the remains of a trading hub bustling with houses, squares, and a large marketplace was discovered. Centuries before the birth of Islam, caravans carrying textiles, minerals, and grains across Arabia had passed through the city. Its inhabitants had worked in trade and agriculture, and relied on seventeen local wells for water.  read more »

The Antiplanner isn’t alone in suggesting that hiring an airline executive to run Amtrak is a bad idea (at least for Amtrak). Last week, a former Amtrak official (who wishes to remain anonymous) sent a letter to Maryland Senator Chris Van Hollen asking that former Delta CEO Richard Anderson be fired from his current job as CEO of Amtrak.  read more »

The ‘80s futurist John Naisbitt once called manufacturing a “a declining sport,” and to be sure the share of Americans working in factories has fallen far from the 1950 peak of 30% to roughly 8.5% last year.  read more »

We are often told that America’s future lies in our big cities. That may no longer be entirely true. Some of the strongest job creation and population growth is now occurring in cities of 1 million people or less.  read more »