We have watched with trepidation as the stock market declines and along with it the value of our retirement accounts. Yet with our personal accounts, it’s our own problem. When it comes to public pensions, it’s the taxpayer’s problem. Underfunded pensions could cut two ways, leading to much higher taxes and/or cuts in government spending. read more »
The men huddle outside the trailer, eyeing the passing traffic. Handmade signs stapled to telephone posts speak for them: “Hire a Day Worker!” The site, a fenced-in lot at Northeast MLK and Everett Street, was launched in 2007, a testament both to Oregon’s recent immigration boom and lack of federal reform. read more »
As a result of the economic crisis, there is a broad consensus in favor of large-scale public investment in infrastructure in the U.S., both as part of a temporary stimulus program and to promote long-term modernization of America’s transportation, energy, telecom and water utility grids. But this momentary consensus masks the continuing disagreement on whether the U.S. government can legitimately promote American industries, and, if so, which industries. This is a problem for infrastructure policy, because different national infrastructures correspond to different national economic strategies. read more »
An article published in the Chicago Tribune on June 29, 1992 is entitled “The Great Society’s Great Failure.” It profiles the Inez, Kentucky family that appeared in the famous front porch photo that launched LBJ’s War on Poverty in 1964. Suffice it to say without revealing the particular gory details of their thwarted lives, the family’s fate was as dismal as the outcome of the War on Poverty. Mike Duncan, an Inez banker and now chairman of the Republican National Committee – battling to retain his position – put it mildly: “The War on Poverty did not succeed.” read more »
Crisis offers opportunity. With real estate in a freefall, there is an opportunity to lay the foundation for a more prosperous and sustainable American landscape.
If only there is the vision and political will.
What is the single most significant change that can be made in every town and city in America? One that would aid economic development, reduce greenhouse gas emissions, foster healthier lifestyles, reduce dependence on foreign oil, protect open space and wildlife habitats, and reduce wasteful government spending?
Scrapping zoning codes. read more »
Among potential titles for this article about the Hyde Park neighborhood of St. Louis, I played with The Archaeology of Stasis. My husband suggested It’s Not Happening Here. But neither seemed right. Both were too depressing to describe a place where people are working hard for change. I wanted a title that suggested a lot of hard work, but hope nonetheless. read more »
My father, who was from eastern Kentucky, headed with millions of other Appalachian people for the “promised land” after the great depression. The promised land in that day consisted of cities such as Dayton, Detroit, Gary, and Cincinnati, out of which rose great factories that employed thousands on giant “campuses.” They thrived through the vigor of this transplanted workforce – uneducated like my father but full of gumption, tenacity and work ethic. read more »
Toyota is careful in its ways; it didn’t get where it is today by idly locating manufacturing plants. And, so it chose Georgetown, Ky. – 12 miles north of Lexington on I-75 – for the location of its first and largest U.S. plant. It was followed in the ensuing years by numerous other foreign auto plants locating in the South – BMW, Mercedes, Saturn, Hyundai and yet another Toyota (in Mississippi).
Why, you may ask, did they come to the South? read more »
Scholars as well as pundits and politicians will study this remarkable election exhaustively. Many, including me, will use county data, because they are convenient and available. From a statistical point of view, counties are lousy units, because of huge variation in size and excess internal variability. But we can’t resist, so here are some at least suggestive findings. read more »
By Nima Sanandaji, Johnny Munkhammar, and Peter Egardt
The American academic Richard Florida has gained international attention for his theories about the “creative class”. According to Florida, the key to urban success lies in attracting certain groups of people, such as artists, scientists and twenty-something singles. Florida insists that this can be accomplished through nursing a specific type of culture within a city: hip cafes, art galleries and other manifestations of indigenous street-level culture. read more »