California has pending legislation, AB 2529, to require an economic impact analysis of proposed new regulation. Its opponents correctly point out that AB 2529 will delay and increase the cost of new regulation. There will be lawsuits and arguments over the proper methodology and over assumptions. It is not easy to complete a thorough and unbiased economic impact analysis.
Should California incur the costs and delays of economic impact studies? read more »
When Brent Richardson, a field rep for Cadillac, was told he'd been transferred to Des Moines, he assumed he'd be spending the next year in a small town environment. Des Moines turned out to have much more bustle than he expected. The city had a robust insurance sector among its diverse industries. And the lifestyle was very similar to what he was able to live in big city suburbs like Naperville, Illinois or Bellingham, Massachusetts. Steeped in a decade of Farm Aid concerts, he also expected the surrounding rural areas to be populated with hardscrabble homesteaders struggling to hang on. Instead, he discovered that farming was big business – and, these days in particular, reasonably profitable. And some of those Iowa farmers turned out to be Cadillac buyers. read more »
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 »
The heart and brain are certainly not the largest organs in the human body, but they are arguably the most important. Why? The heart, through a miles-long network of capillaries, keeps every part of the body supplied with nutrients, and the brain, through an equally extensive network of nerves, provides instructions to every part of the body about what to do with those nutrients. They are important not because they are big, but because they are connected to everything else. read more »
As the recovery begins, albeit fitfully, where can we expect growth in jobs, incomes and, most importantly, middle class opportunities? In the US there are two emerging “new” economies, one largely promoted by the Administration and the other more grounded in longer-term market and demographic forces. read more »
To escape the summer crowds in the Hamptons, I rode the S92 bus (fare $1.50) for almost three hours, as it cruised the south and north forks of Long Island, before leaving me at the ferry that connects Orient Point to New London, Connecticut.
I might end up late to some meetings, but this way I could monitor the progress of the American Recovery and Reinvestment Act of 2009, at least as it pertains to the more than $8 billion earmarked for high-speed trains, if not buses and ferries.
Not many Hampton People leave on a local bus, which in this case was filled with Latino day laborers, giving it the air of a John Steinbeck novel. I was headed to New England, and I wanted to see if I could make a circuit to Providence, Boston, Amherst, and Keene entirely on public transportation.
Conclusion: Mass transit works better as a White House sound bite than as a way to get around New England. read more »
The human world is fast becoming an urban world -- and according to many, the faster that happens and the bigger the cities get, the better off we all will be. The old suburban model, with families enjoying their own space in detached houses, is increasingly behind us; we're heading toward heavier reliance on public transit, greater density, and far less personal space. read more »
By Richard Reep
“There is a great deal of historical evidence to suggest that a society which loses its identity with posterity and which loses its positive image of the future loses also its capacity to deal with present problems, and soon falls apart.”
--Kenneth Boulding, economist and philosopher (1966)
Written in the depths of the Cold War, when nuclear annihilation appeared imminent, if not inevitable to some, Boulding’s words remain applicable to today’s popular culture. Increasingly unable to imagine a positive future since the 1990s, we have largely replaced the end of the nuclear threat with the beginning of global warming, among other environmental threats. Others have raised the spectre of Chinese global domination or a prolonged and destructive jihad from the Islamic world. read more »
Yesterday marked the opening of the outrageous phenomenon known as the Sturgis Motorcycle Rally, a week-long, $987 million party for about 500,000 people. Every year in early August my sleepy hometown, Sturgis, population 6,500, hosts a half million biking enthusiasts who swarm here for a combination carnival, racing event, party, music festival, and shopping mall. read more »
Over the past few years resort communities - communities ideal for a ski vacation, a beach week, a hiking excursion or the like - have been hard hit by the downturn in real estate.
The key question is how these communities can be revived. If the issues involved are successfully addressed head-on, these small towns are able to provide significant amounts of affordable housing, viable and productive public transportation networks, and public functions such as parks, schools, police, and fire, despite limited financial and physical resources. read more »