Policy

Forget about a fiscal cliff or the threat of sequestrations. Bernanke’s use of the term “cliff” in 2012 is based on the erroneous analogy that fiscal policy had been moving along some level road for a period of time and was just now approaching an “end” or “falling-off” point.  read more »

For all of human history, family has underpinned the rise, and decline, of nations. This may also prove true for the United States, as demographics, economics and policies divide the nation into what may be seen as child-friendly and increasingly child-free zones.

Where California falls in this division also may tell us much about our state's future. Indeed, in his semi-triumphalist budget statement, our 74-year-old governor acknowledged California's rapid aging as one of the more looming threats for our still fiscally challenged state.  read more »

The pejoratively named “trickle-down economics” was the idea that by giving tax breaks to the wealthy and big business, this would spur economic growth that would benefit those further down the ladder. I guess we all know how that worked out.  read more »

Besides his history-making embrace of full equality for gays and lesbians, the most surprising part of President Barack Obama’s Second Inaugural Address may have been the emphasis placed on dealing with the challenge of climate change. The president devoted almost three whole paragraphs, more than for any other single issue, to the topic.  read more »

After over 500 murders in Chicago in 2012, the Windy City’s violence epidemic continues – 2013 saw the deadliest January in over a decade – and continues to make national news.  The New York Times, for example, ran a recent piece noting how Chicago’s strict gun laws can’t stem the tide of violence.  read more »

“It took a bit of wind out of my sails, watching what happened in this neighborhood, watching how it happened…I don’t know how to beat this [gentrification]. I don’t know how anyone can beat this machine.”—From the article The Ins and Outs

The Generalization of Gentrification  read more »

For twenty years British house building has fallen behind demand, forcing up prices and rents. Here's a series of photos showing some of the things people have had to do to live.

Victoria Campbell was living in a shed in her parents' garden in Havant, while she and her fiance saved up for a deposit, but the Council has told her that she has to move out.  read more »

Only a fool, or perhaps a politician or media pundit, would say California is not in trouble, despite some modest recent improvements in employment and a decline in migration out of the state. Yet the patient, if still very sick, is curable, if the right medicine is taken, followed by the proper change in lifestyle regimen.  read more »

Recently the Detroit Works Project released their long awaited strategic plan for the city. This is the one led by Toni Griffin that produced a lot of public controversy because of suggestions it would result in the planned shrinkage or decommissioning (or even forced residential relocations) in sparsely populated neighborhoods.  read more »

The just released 9th Annual Demographia Housing Affordability Survey (pdf) indicates that housing affordability has deteriorated modestly in the last year. A number of major metropolitan areas remain severely unaffordable.

Highlights: Metropolitan Areas

Among the 337 Metropolitan markets analyzed, Hong Kong remained the most unaffordable, with a median multiple (median house price divided by pre-tax median household income) of 13.5, up nearly a full point from last year's 12.6.  read more »