California was once the world’s leading economy. People came here even during the depression and in the recession after World War II. In bad times, California’s economy provided a safe haven, hope, more opportunity than anywhere else. In good times, California was spectacular. Its economy was vibrant and growing. Opportunity was abundant. Housing was affordable. The state’s schools, K through Ph.D., were the envy of the world. A family could thrive for generations. read more »
The Administration’s Anti-Suburban Agenda: Nearly since inauguration, the Administration has embarked upon a campaign against suburban development, seeking to force most future urban development into far more dense areas. The President set the stage early, telling a Florida town hall meeting that the days of building “sprawl” (pejorative for “suburbanization”) forever were over. read more »
The once unstoppable green machine lost its mojo at the Climate Change Conference in Copenhagen. After all its laboring and cajoling, the movement at the end resembled not a powerful juggernaut but a forlorn lover wondering why his date never showed up.
One problem is that the people of earth and their representatives don't much fancy the notion of a centrally dictated, slow-growth world. They proved unwilling to abandon either national interest or material aspirations for promises of a greener world. read more »
Recently I had the chance to visit Taxi 2000. This Personal Rapid Transit (PRT) company is based just minutes from my office in Minneapolis. I’m no expert on rail systems, but I’ve always believed that an elevated system that can run freely over existing right-of-ways makes more sense than an antiquated system based on nearly 200 hundred year old technology. read more »
President Obama's quick exit from Oslo and late arrival in Copenhagen suggest he's finally ready to shift focus from Nordic adulation and fighting climate change and diplomacy to fixing the American economy. About time. As former Clinton adviser Bill Galston observed recently, the president needs "to pivot and make 2010 the year of jobs."
White House operatives, as well as the Democrats in Congress, know high unemployment could bring big political trouble next year. But in their rush to create new jobs, policy makers would do well to focus on the quality of jobs created over the next year and beyond. read more »
The common line used by advocates of housing affordability has been that the solution lies in “free markets”. Yet this "free market" solution does not address the fundamental problem which is really a political one.
This true fundamental problem is particularly evident here in Britain, the leader in house price inflation and housing financial bubbles since the 1970s. In their recent report Global capital markets, the McKinsey Global Institute has confirmed what has been shown in recent Demographia surveys. read more »
Barack Obama may be our first African-American president, but he’s first got to stop finding his muse in Scandinavia. With his speech for the Nobel, perhaps he’s showing some sign of losing his northern obsession.
On the campaign trail, Obama showed a poet’s sensitivity about both America’s exceptionalism and our desire to improve our country. His mantra about having “a father from Kenya and a mother from Kansas” resonated deeply with tens of millions of Americans. read more »
Whatever the results of the Copenhagen conference on climate change, one thing is for sure: Draconian reductions on carbon emissions will be tacitly accepted by the most developed economies and sloughed off by many developing ones. In essence, emerging economies get to cut their "carbon" intensity--a natural product of their economic evolution--while we get to cut our throats.
The logic behind this prediction goes something like this. Since the West created the industrial revolution and the greenhouse gases that supposedly caused this "crisis," it's our obligation to take much of the burden for cleaning them up. read more »
I was hired for my first Green Job, thirty-four years ago, shoveling horse stalls for a barn full of Tennessee Walking Horses. The droppings and bedding that was removed from the stables was then composted and applied to my employer’s crops in lieu of chemical fertilizers. You don’t get much greener than that! read more »
It was during a recent tour of a sun-baked Los Angeles schoolyard that theories on state regulations developed by the latest Nobel Prize-winning economist came into focus. The Da Vinci Design Charter School is an oasis in an asphalt desert. Opened this year by the appropriately named Matt Wunder, the school draws 9th and 10th graders from some of the most difficult and dangerous learning environments in the country, and introduces them to a demanding, creative atmosphere. read more »