When people were preparing eulogies for the entertainment sector, Techdirt’s Mike Masnick popped out with his bold piece, “The Sky is Rising,” and poked holes in the gloomy forecast. His scrutiny of the numbers revealed that the entertainment industry is actually growing. Entertainment consumption per household increased from 2000 to 2008. Employment in the entertainment sector jumped 20% from 1998 to 2008. And the number of independent artists rose 43% over the same period. read more »
The "urban scaling" research of Geoffrey West, Luis Bettencourt, Jose Lobo, Deborah Strumsky, Dirk Helbing and Christian Kuhnert on cities has attracted considerable attention (references below). They have provided strong quantitative evidence, based upon voluminous econometric analysis that cities tend to become more efficient as they grow in population. read more »
When crowds thronged Coney Island for the annual Nathan's hot dog eating contest on July 4th, they found a boardwalk amusement strip that was, for the umpteenth year in a row, undergoing a summer of change and transition. read more »
Facebook‘s botched IPO reflects not only the weakness of the stock market, but a systemic misunderstanding of where the true value of technology lies. A website that, due to superior funding and media hype, allows people to do what they were already doing — connecting on the Internet — does not inherently drive broad economic growth, even if it mints a few high-profile billionaires. read more »
Jean Gottman in 1961 coined the term megalopolis (Megalopolis, the Urbanized Northeastern Seaboard of the Unites States) to describe the massive concentration of population extending from the core of New York north beyond Boston and south encompassing Washington DC. It has been widely studied and mapped, including by me. (Morrill, 2006, Classic Map Revisited, Professional Geographer). The concept has also been extended to describe and compare many other large conurbations around the world.
Maybe it’s time to see how the original has fared? And what has happened to other metropolitan complexes in the US, most notably Los Angeles, San Francisco, Chicago and should we say Florida? read more »
A delegation from Chicago is in Brussels this week to sell the city as a tourist destination in advance of the forthcoming NATO Summit. A Phil Rosenthal column explains that the city has a long way to go: read more »
We constantly read about the infrastructure crisis in America. I’ll have more to say on this at a future date, but it is pretty clear that we need to spend more money in a whole lot of areas: airports, roads and bridges, public transportation, and more.
Yet it’s very easy to see that so much of what ails transport has nothing to do with a lack of funds and everything to do with a lack of will. I took a train ride on the Northeast corridor last week that really drove it home to me. read more »
New York City is infamous for congestion and long commutes. At 34.6 minutes, it has the longest average commute time in the United State. The region is also America's top user of public transportation, with 30.7% of all metro area commutes made by transit. Nearly 40% of all transit commuters in the United States are in the metro New York. As transit commutes generally take longer than driving, one might be tempted to link these facts. But commute times also seem to correlate with city size, and bedevil big cities with limited public transit too. read more »
Robert Sarnoff , the CEO of RCA before it was absorbed by GE, once said, “Finance is the passing of money from hand to hand until it disappears.” That process is very clearly defined in The Age of Greed by Jeffrey Madrick. It recounts, in concise terms, how a few dozen individuals—some in the private sector, some in government--brought us to our current economic pass, in which finance seems to have been completely detached from life. Names from the past come back, and their crimes are explained. Ivan Boesky, Michael Milken, and Dennis Levine look guiltier in the retelling than they did in the newspapers at the time. And in this telling, the philosopher king of the new finance was Walter Wriston, CEO of Citicorp. read more »
Census 2010 gave the detail behind what we’ve known for some time: America is becoming an increasingly diverse place. Not only has the number of minorities simply grown nationally, but the distribution of them among America’s cities has changed. Not all of the growth was evenly spread or did it occur only in traditional ethnic hubs or large, historically diverse cities. read more »