With the prospect of a long, deep recession staring us in the face, are there any reasons for optimism?
The central characteristic of the American economy – resiliency – is now being severely tested. But there are ample reasons to believe it will pass that test. Simply put, even after this crisis the US will still have the world's largest, most dynamic, most productive, most innovative, most technologically advanced, most competitive and most venturesome economy. read more »
You get mean-spirited when you feel left out of joy. Somebody else’s joy raises envy when you haven’t had any yourself. Cities are like that, jealously eyeing other cities as if there were more fun and delight and oh, “buzz,” to be had elsewhere.
In fact it’s an illusion that the party is going on somewhere else. The action is where you make it, and in a city you have lots of help doing it. In fact that’s what justifies city life – the signature of any great city. Self-rejoicing. It’s something more than plain pride, or confidence or superiority, or a call for “buzz,” excitement, or (yech) prosperity. read more »
Stimulus fever is in the air, and with the election of Sen. Barack Obama to become the 44th US president, it’s now reaching a fever pitch. US automakers have already made the rounds on Washington DC, meeting with Congressional leadership to generate political support for another $25 billion in government subsidy to avoid bankruptcy. Now, congressional leaders and some economists are clamoring for $150 billion to $300 billion in additional stimulus to goose the national economy – all this on top of the $700 billion financial services “rescue package” passed in October. read more »
Twenty-five years ago, along with another young journalist, I coauthored a book called California, Inc. about our adopted home state. The book described “California’s rise to economic, political, and cultural ascendancy.”
As relative newcomers at the time, we saw California as a place of limitless possibility. And over most of the next two decades, my coauthor, Paul Grabowicz, and I could feel comfortable that we were indeed predicting the future. read more »
Rust Belt communities are obsessed with brain drain. The demographic losers of economic restructuring, cities are employing a variety of strategies to stop the bleeding and keep the talent from leaving the region. Akron, OH recently voted down a proposal to lease the city’s sewer system in order to fund a scholarship program designed to plug the holes of out-migration. The voters balked at the initiative partly as a result of the 30-year residential commitment necessary to reap the full benefits of the funding for post-secondary education in Akron schools. read more »
Barack Obama won a mandate among younger voters so large that it literally defies comparison, and with it, we're told, a mandate to retire tired old fights of little concern to this new generation. Yet in the long run, it may well be that his victory has only put on hold some enduring political conflicts and may even ignite new ones.
Obama’s 34-point, 66-32 percent win among the group that made up about 20 percent of voters and 60 percent of new voters was nearly four times the margin of John F. Kennedy in 1960 and Clinton in 1992. read more »
Telecommuting — or telework — is a critical tool that can help employees, businesses and communities weather the current financial crisis, and thrive afterward. However, right now, the nation is burdened with a powerful threat to the growth of telework: the telecommuter tax. This tax is a state penalty imposed on Americans who work for employers outside their home states and sometimes telecommute. read more »
There is going to be a lot of debate on the impact of Barack Obama’s election on the future of affirmative action.
There has been speculation for months among all sides of the debate about whether Obama’s ascension to the Presidency would provide proof positive that affirmative action is no longer necessary, or at least, has run its course.
Ward Connerly, a black Republican who has led the fight to ban affirmative action in California and other states, told the San Francisco Chronicle today that Obama’s election decimates “victimhood“. read more »
Barack Obama is now set to become the first genuine urbanite to occupy the White House in more than 100 years.
It will be tempting for many politicians and activists to envision a new era for big cities, with federal money flowing freely toward plans for high-density housing, transit projects, and any number of other dreams and schemes held dear by urban folk. read more »
In the end Appalachia remained out of sync with much of America this year. West Virginia, Kentucky, Tennessee and much of the hill country went for John McCain. Senator’s Obama’s message of “hope” did not play as well here as elsewhere.
This may seem a bit odd. The major targets of the election were Joe six-pack, Joe the plumber; Joe the ordinary man. Joe represented the disaffected males, the lost ones yearning for a simpler time and a better time. Enough Joes in other states voted for Obama to get him a spectacular victory in places like Ohio, Florida and Michigan. read more »