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 »
With Facebook poised to go public, the attention of the tech world, and Wall Street, is firmly focused on Silicon Valley. Without question, the west side of San Francisco Bay is by far the most prodigious creator of hot companies and has the highest proportion of tech jobs of any region in the country — more than four times the national average.
Yet Silicon Valley is far from leading the way in expanding science and technology-related employment in the United States. read more »
This is Part Two of a two-part series.
Evidence that people just don’t like Smart Growth is revealed in findings from organizations set up to promote Smart Growth. In 2009, the Washington Post reported, “Scholars at the National Center for Smart Growth Research and Education found that over a decade, smart growth has not made a dent in Maryland's war on sprawl.” read more »
It’s a given in our representative system that policies adopted into law should have popular support. However, there is a distinction to be made between adopting a policy consistent with what a majority of people want, and pushing a policy while making dubious claims that it harnesses “the will of the people.” 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 »
Throughout the brutal and agonizingly long recession, only one large metropolitan area escaped largely unscathed: Washington, D.C. The city that wreaked economic disasters under two administration last year grew faster in population than any major region in the country, up a remarkable 2.7 percent. The continued steady growth of the Texas cities, which dominated the growth charts over the past decade, pales by comparison. read more »
Seven thousand miles separate Arlington, Virginia and Shenzhen, China. Two continents apart, these two cities could not be more different. Yet they are similar, geopolitically and globally. The characteristics of today’s globalization have united and connected cities like Arlington and Shenzhen. read more »
As the probability of President Barack Obama’s reelection grows, state and local officials across the country are tallying up the potential ramifications of a second term. For the most part, the biggest concerns lie with energy-producing states, which fear stricter environmental regulations, and those places most dependent on military or space spending, which are both likely to decrease under a second Obama administration. read more »
During tough economic times, technology is often seen as the one bright spot. In the U.S. this past year technology jobs outpaced the overall rate of new employment nearly four times. But if you’re looking for a tech job, you may want to consider searching outside of Silicon Valley. Though the Valley may still be the big enchilada in terms of venture capital and innovation, it hasn’t consistently generated new tech employment. read more »
The 2010 Census results were mostly bleak for cities, especially for those who believed the inflated hype about the resurgence of the city at the expense of the suburbs. Despite claims of an urban renaissance, the 2000s actually turned out to be worse than the 1990s for central cities. The one bright spot was downtowns, which showed strong gains, albeit from a low base. The resurgence of the city story seemed largely fueled by intra-census estimates by the government that proved t read more »