Los Angeles

Millennial Perspective: The Global View

Millennial Embrace iStock_000004174370XSmall.jpg

In the past few years, as my millennial generation has entered college, global and international studies have started to creep onto the list of the ten most popular majors, a list that historically hasn’t changed much. I’m a High School senior, and at a couple of the universities I’ve looked into, Admissions Officers have mentioned that it’s become a top choice – if not the top choice – among applicants as a major field of study.  read more »

The Decline of Los Angeles

iStock_000002566834XSmall.jpg

Next week, Antonio Villaraigosa will be overwhelmingly re-elected mayor of Los Angeles. Do not, however, take the size of his margin – he faces no significant opposition – as evidence that all is well in the city of angels.

Whatever His Honor says to the media, the sad reality remains that Los Angeles has fallen into a serious secular decline. This constitutes one of the most rapid – and largely unnecessary – municipal reversals in fortune in American urban history.  read more »

Death of the California Dream

iStock_000003040219XSmall.jpg

For decades, California has epitomized America's economic strengths: technological excellence, artistic creativity, agricultural fecundity and an intrepid entrepreneurial spirit. Yet lately California has projected a grimmer vision of a politically divided, economically stagnant state. Last week its legislature cut a deal to close its $42 billion budget deficit, but its larger problems remain.  read more »

Housing Price Bubble: Learning from California

iStock_000005973506XSmall.jpg

In a letter to The Wall Street Journal (February 6) defending California’s greenhouse gas (GHG) emissions policies, Governor Arnold Shwarzenegger’s Senior Economic Advisor David Crane noted that California’s high unemployment is the result of “a bust of the housing bubble fueled by easy money.” He is, at best, half right.

The “bust of the housing bubble” occurred not only because of “easy money,” but also because of the very policies California has implemented for decades and is extending in its battle against GHG emissions.  read more »

Housing Prices Will Continue to Fall, Especially in California

iStock_000007949166XSmall.jpg

The latest house price data indicates no respite in the continuing price declines, especially where the declines have been the most severe. But no place has seen the devastation that has occurred in California. As median house prices climbed to an unheard-of level – 10 or more times median household incomes – a sense of euphoria developed among many purchasers, analysts and business reporters who deluded themselves into believing that metaphysics or some such cause would propel prices into a more remote orbit.  read more »

Report: Ontario, CA – A Geography for Unsettling Times

ontario-founders-garden.jpg

These are unsettling times for almost all geographies. As the global recession deepens, there are signs of economic contraction that extend from the great financial centers of New York and London to the emerging market capitals of China, India and the Middle East. Within the United States as well, pain has been spreading from exurbs and suburbs to the heart of major cities, some of which just months ago saw themselves as immune to the economic contagion.

Without question, the damage to the economies of suburban regions such as the Inland Empire has been severe.  read more »

Hollywood Tax Credits? The Shows Are On The Road

iStock_000005659431XSmallHollywood Sign.jpg

If you were paralyzed with shock at the October $700 billion dollar Congressional bailout, you may have missed the inclusion of a $478 million-fine-print allotment to Hollywood for tax incentives. A month later, in the midst of California’s on-going fiscal crisis, Governor Arnold Schwarzenegger proposed something called ‘the runaway production provision’, to utilize the bailout incentives to keep entertainment production in California and stimulate investment in motion pictures here.  read more »

Not Even Gerrymandering Will Save Some Candidates from Ethnic Shifts

SolisPharmacistsAppearance.jpg

California’s 32nd congressional district, stretching from East Los Angeles to the eastern San Gabriel Valley, would seem like friendly territory for a Hispanic candidate. Labor Secretary-designate Hilda Solis’s district is more than 60 percent Latino, and there is no shortage of Hispanic local and state lawmakers eager to replace her in Congress.  read more »

A Little Genius for the City’s So-Called ‘Art World’

300-words-short-with-apologies-to-the-artist.jpg

There’s a little girl – maybe 10 or 12 years old – whose family owns a store just a couple of miles from Downtown Los Angeles. She spends a lot of time at the place after her nearby school lets out for the day, sort of helping out but mostly just hanging around where her older relatives can see her.

I call her “Little Genius” because she’s always reading a book or busy at a computer or making paper dolls or working on some other challenge.  read more »

Tough Budget Math for City Politicians: Bad Economy + Human Nature = More Cops

iStock_000002591542XSmall.jpg

Our economy is going to get better some day, step by step. But it’s bad right now, with a full recovery likely a matter of years rather than months away. Public officials should plan accordingly, keeping in mind how the vicious cycle of a bad economy turns typical decision making on its head.  read more »