Other than the banking business, is there an industry more dependent on government handouts, sweetheart tax breaks, and accounting gimmicks than major league baseball?
What other than a baseball depletion allowance explains the economics of a team like the New York Yankees, which is paying Alex Rodriguez $275 million over ten years while building a new $1.3 billion stadium and charging front row season tickets holders $800,000 for a box of four seats? read more »
Urban politicians have widely embraced the current concentration of power in Washington, but they may soon regret the trend they now so actively champion. The great protean tradition of American urbanism – with scores of competing economic centers – is giving way to a new Romanism, in which all power and decisions devolve down to the imperial core.
This is big stuff, perhaps even more important than the health care debate. The consequence could be a loss of local control, weakening the ability of cities to respond to new challenges in the coming decades. read more »
Media coverage of America's best jobs usually focuses on blue-collar sectors, like manufacturing, or elite ones, such as finance or technology. But if you're seeking high-wage employment, your best bet lies in the massive "business and professional services" sector.
This unsung division of the economy is basically a mirror of any and all productive industry. It includes everything from human resources and administration to technical and scientific positions, as well as accounting, legal and architectural firms. read more »
No matter how far the economy falters, there is always a winner. And no city does better when the nation is at the brink of disaster than Washington, DC. Since December 2007, when the current recession formally began, the nation has lost approximately 6 million jobs. Only two states, Alaska and North Dakota, have lost a smaller percentage of jobs than Washington, DC, which has seen a job loss of 0.6%, or 4,400. Simply put, Washington has done better in this recession than 48 of the fifty states when it comes to job performance. read more »
A website that focuses on land use, and on urban and suburban design is a particularly appropriate forum in which to discuss country clubs – those large occupiers of choice real estate – and how the social structure of country club membership fosters, institutionalizes and perpetuates racial attitudes that are decades behind the attitudes reflected in all other elite American institutions. read more »
Compared with most businessmen, 41-year-old Charlie Wilson has some reason to like the economic downturn. President of Salvex, a Houston-based salvage firm he founded in 2002, Wilson has seen huge growth in the bankruptcy business over the past year. It is keeping his 10-person staff, and his 55 agents around the world, busy. read more »
On the 200th anniversary of the birth of Abraham Lincoln, C-SPAN watchers nationwide saw an especially poignant symbolic moment. Assembled on the floor of the Capitol Rotunda, along with House and Senate members, were hundreds of guests. Behind every speaker stood the marble statue of Abraham Lincoln, bending benignly, holding in his outstretched hand a folded Emancipation Proclamation. read more »
A recent widely-read piece in the Washington Post, “The Height of Power,” noted the great prospects of Washington's rise to the top, not only in politics but in publishing, media, business and the arts. In this way, it said, Washington's evolution will follow the pattern of other great capitals like London, New York, Paris or Tokyo. read more »
For more than two centuries, it has been a wannabe among the great world capitals. But now, Washington is finally ready for its close-up.
No longer a jumped-up Canberra or, worse, Sacramento, it seems about to emerge as Pyongyang on the Potomac, the undisputed center of national power and influence. read more »
What could prove to be the worst economic decline since 1929 may also have the unintended consequence of creating a booming real estate market for the Washington, D.C. metropolitan area over the next few years. Ironically this has been brought on not, as one might expect, by Democrats – traditionally the party of Washington – but by the often fervently anti-DC Republicans. read more »