Whatever your political perspective, Americans need to admire the New Deal for, if nothing else, its ambitious agenda. In a way unparalleled in the 20th Century, the New Deal left us a legacy of achievement – one that we can still see in big cities like San Francisco and small towns like Wishek, North Dakota. read more »
In the coming election, we will hear much, particularly from progressives, about inequality, poverty and racism. We already can see this in the pages of mainstream media, with increased calls for reparations for African-Americans, legalizing undocumented immigrants and a higher minimum wage. read more »
This month marks forty-five years since men first left planet earth and set foot on another world. The last man to walk on the moon did so in December, 1972, over four decades ago. It's a good moment to ponder what we haven't done since.
There were six successful landings on the moon, and, almost literally, they barely scratched the surface of that body. The later astronauts had “golf carts” that allowed them to travel short distances, but only a fraction of a percent of the Africa-sized area was directly investigated by humans. To say, as some do, that we shouldn't go back, and should instead go on to Mars, would be like saying that, having touched shore in a half dozen places in the Americas, we should have then ignored those continents and gone on to Asia. read more »
David King has a point. In an article entitled "Why Public Transit Is Not Living Up to Its Social Contract: Too many agencies favor suburban commuters over inner-city riders," King, an assistant professor of urban planning in the Graduate School of Architecture, Planning and Preservation at Columbia University notes that transit spends an inordinate share of its resources on suburban riders, short changing the core city riders who cost transit agencies far less to serve and are also far more numerous. He rightly attributes this to reliance on regional (metropolitan area) funding initiatives. read more »
Eric Alexander, the Executive Director of Vision Long Island, seems to be popping up everywhere on Long Island these days. He was recently quoted in The Corridor Magazine’s transportation and infrastructure issue as saying: “Academic conversations about regionalism is a 90s thing.” Similar to his condemnation on “academic” commentary concerning the downtown redevelopment trend, Alexander made it clear in the piece that he feels a local, downtown-centric approach is the way to go. read more »
David Wolff and David Hightower are driving down the partially completed Grand Parkway around Houston. The vast road, when completed, will add a third freeway loop around this booming, 600-square-mile Texas metropolis. Urban aesthetes on the ocean coasts tend to have a low opinion of the flat Texas landscape—and of Houston, in particular, which they see as a little slice of Hades: a hot, humid, and featureless expanse of flood-prone grassland, punctuated only by drab office towers and suburban tract houses. But Messrs. read more »
Ever since the publication this spring of Thomas Piketty’s book “Capital in the 21st Century,” conservatives and much of the business press, such as the Financial Times, have been on a jihad to discredit the author and his findings about increased income inequality in Western societies. Some have even equated growing attacks on inequality with anti-Semitism, with at least one Silicon Valley venture capitalist, Tom Perkins, comparing anti-inequality campaigners to Nazis. read more »
What if they gave a recovery, and the middle class were never invited? Well, that’s an experiment we are running now, and, even with the recent strengthening of the jobs market, it’s not looking very good.
Over the last five years, Wall Street and the investor class have been on a bull run, but the economy has been, at best, torpid for the vast majority of the population. Despite blather about our “democratic capitalism,” stock ownership is increasingly concentrated with the wealthy as the middle class retrenches. The big returns that hedge funds, real estate trusts or venture capitalist receive are simply outside the reach of the vast majority. read more »
Part two of a two-part report. Read part 1.
The problem with analyzing California's economy — or with assessing its vigor — is that there is not one California economy. Instead, we have a group of regions that will see completely different economic outcomes. Then, those outcomes will be averaged, and that average of regional outcomes is California's economy. It is possible, even likely, that no region will see the average outcome, just as we rarely see average rainfall in California. read more »
Part one of a two-part report
California is a place of extremes. It has beaches, mountains, valleys and deserts. It has glaciers and, just a few miles away, hot, dry deserts. Some years it doesn't rain. Some years it rains all winter. Those extremes are part of what makes California the attractive place that it is, and, west of the high mountains, California is mostly an extremely comfortable place to live. read more »