I recently received an email from the folks behind the Meetings of the Minds conference asking if I’d participate in a group blogging event they were doing by writing a post on the topic of “How can cities better connect all their residents to economic opportunity?” As this is a topic I personally care quite a bit about, I was happy to do so. They will be linking to responses to other people’s answers should you be interested. read more »
With one of the most successful economies in the nation, the real estate news in the Pacific Northwest is positive and gives hope for a housing sector recovery, albeit at different rates in different markets. CNNMoney reports that from the third quarter in 2012 to the third quarter in 2013, the median home price in the Seattle-Bellevue and Everett area increased by 13.7%. The forecast for changes from the third quarter in 2013 to the third quarter in 2014 is another 5.2%. read more »
In the classic television show “The Honeymooners,” many jokes were wrung out of bus driver Ralph Cramden’s membership in the International Brotherhood of Loyal Raccoons, headquartered in Bismarck, North Dakota. When Ralph mentioned in one episode to his wife, Alice, that among the privileges is that they could be buried at the “Raccoon National Cemetery” in Bismarck, Alice’s reply was that it made her not know “if I want to live or die.” read more »
The fortunes of U.S. core cities (municipalities) have varied greatly in the period of automobile domination that accelerated strongly at the end of World War II. This is illustrated by examining trends between the three categories of "historical core municipalities" (Figure 1). read more »
Obviously states aren’t going anywhere anytime soon, but a number of folks have suggested that state’s aren’t just obsolete, they are downright pernicious in their effects on local economies.
One principal exponent of this point of view is Richard Longworth, who has written about it extensively in his book “Caught in the Middle” and elsewhere. Here’s what he has to say on the topic: read more »
This is the executive summary from a new report, America’s Emerging Housing Crisis, published by National Community Renaissance, and authored by Joel Kotkin and Wendell Cox. Download the report and the supplement report below.
From the earliest settlement of the country, Americans have looked at their homes and apartments as critical elements of their own aspirations for a better life. In good times, when construction is strong, the opportunities for better, more spacious and congenial housing—whether for buyers or renters—tends to increase. But in harsher conditions, when there has been less new construction, people have been forced to accept overcrowded, overpriced and less desirable accommodations. read more »
Philadelphia was America's first large city and served as the nation's capital for all but nine months between the inauguration of George Washington is the first president in 1789 and the capital transferred to Washington, DC in 1800.
Before the early 1900s, the United States Census Bureau had not developed a metropolitan area (labor market area) concept. However, the website peakbagger.com has attempted to define earlier metropolitan areas based on concepts similar to those used today. In the case of Philadelphia, this is important, because it was somewhat unique in having virtually adjacent, highly populated suburbs that make comparisons of municipal populations (the only population data available) misleading. read more »
As the recovery from the Great Recession stretches into its fifth year, the locus of economic momentum has shifted. In the early years of the recession, the cities that created the most jobs — sometimes the only ones — were either government- or military-dominated (Washington, D.C.; Kileen-Temple-Fort Hood, Texas), or were powered by the energy boom in Texas, Oklahoma and the northern Great Plains. read more »
Over the past few years, particularly since the bursting of the housing bubble, there have been increasing calls for middle-class Americans to “scale down” from their beloved private homes and seek a more constrained existence. Among these voices recently was Michael Milken, for whom I have worked and have enormous respect. He suggested Americans would be better off not buying homes and living smaller, for the sake of their own economic situations, families and the environment. read more »
Silicon Valley’s biggest names—Google, Apple, Intel and Adobe—reached a settlement today in a contentious $3 billion anti-trust suit brought by workers who accused the tech giants of secretly colluding to not recruit each other’s employees. read more »