Middle Class

The Two Worlds of Buenos Aires

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Central Buenos Aires is undoubtedly one of the world's great tourist destinations. Days could be spent walking among its narrow streets admiring the plentiful art noveau, art-deco, beaux-arts and other architectural styles. The triumphal Avenida 9 de Julio is one of the world's widest boulevards with two interior roadways of up to seven lanes and two service roads of two lanes, with a Washington Monument type obelisk at Avenida Corrientes (Top photo). Avenida 9 de Julio is bordered by buildings that are both ordinary and impressive, such as the Colon Opera House.  read more »

Asia’s Go-to Cities: Moving Between Mumbai and Singapore

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As someone who has lived in both Singapore and Mumbai, I can appreciate both in their uniqueness. Each city has its own unique place in the world, neither lesser than the other.

In 2006, I left behind a slightly laid back, well run Singapore, a city trying to come to terms with its boring and over-regulated image. The Singapore of 2010 that I returned to, as a newspaper put it recently, has “grown up‟. It is a speeding, futuristic looking city.  read more »

Greetings From Recoveryland: Ten Places to Watch Coming Out of the Recession

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Like a massive tornado, the Great Recession up-ended the topography of America. But even as vast parts of the country were laid low, some cities withstood the storm and could emerge even stronger and shinier than before. So, where exactly are these Oz-like destinations along the road to recovery? If you said Kansas, you’re not far off. Try Oklahoma. Or Texas. Or Iowa. Not only did the economic twister of the last two years largely spare Tornado Alley, it actually may have helped improve the landscape.  read more »

The Smackdown Of The Creative Class

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Two years ago I hailed Barack Obama’s election as “the triumph of the creative class.” Yesterday everything reversed, as middle-class Americans smacked down their putative new ruling class of highly educated urbanistas and college town denizens.  read more »

Cruising Into Student Debt

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I once calculated that, for the cost of four years of education at a private American university, a student could take 105 cruises around the world. For the comparison, I chose only cruises that cost about $1,900, as who wants to go through college stuck with an inside cabin? As I imagine it, Cruise College (school motto: “Go Overboard on Learning”) even has some similarities to the landlocked undergraduate experience.
For all I know it may exist, given that higher education is one of the few growth sectors in the U.S. economy.

Despite the decline of American business, private colleges, state universities, night schools, and for-profit continuing education have boomed.

Harvard College will get about 30,000 applications for the 1,700 places in next year’s freshman class. At the same time, there's a strong demand for education at community  read more »

California's Failed Statesmen

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The good news? Like most rock or movie stars, there's nothing fundamentally wrong with California. It's still talented, and retains great physical gifts. Our climate, fertility and location remain without parallel. The state remains pre-eminent in a host of critical fields from agriculture to technology, entertainment to Pacific Rim trade.  read more »

Latino Dems Should Rethink Loyalty

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Given the awful state of the economy, it’s no surprise that Democrats are losing some support among Latinos. But they can still consider the ethnic group to be in their pocket. Though Latinos have not displayed the lock-step party loyalty of African-Americans, they still favor President Barack Obama by 57 percent, according to one Gallup Poll — down just 10 percentage points from his high number early in the administration.  read more »

Why We Have to Learn to Love the Subdivision – Again

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When did anyone last hear officials and professionals talking enthusiastically about the social and economic benefits resulting from the subdivision of land to create secure, clean and tradable title?  read more »

Why Housing Will Come Back

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Few icons of the American way of life have suffered more in recent years than  homeownership. Since the bursting of the housing bubble, there has been a steady drumbeat from the factories of futurist punditry that the notion of owning a home will, and, more importantly, should become out of reach for most Americans.  read more »

Urban Plight: Vanishing Upward Mobility

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Since the beginnings of civilization, cities have been crucibles of progress both for societies and individuals. A great city, wrote Rene Descartes in the seventeenth century, represented “an inventory of the possible,” a place where people could create their own futures and lift up their families.

What characterized great cities such as Amsterdam—and, later, places such as London, New York , Chicago, and Tokyo—was the size of their property-owning middle class. This was a class whose roots, for the most part, lay in the peasantry or artisan class, and later among industrial workers. Their ascension into the ranks of the bourgeoisie, petit or haute, epitomized the opportunities for social advancement created uniquely by cities.  read more »