MENA Economies: Trouble Ahead

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The economies of the Middle East and North Africa (MENA) are ill prepared for the coming population boom.

War, terrorism, repression and poverty are all common features in much of today’s Middle East and North Africa (MENA). How are the region’s demographics changing in the next few decades? And what is the prognosis for improved living conditions?  read more »

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Best Baseball Towns

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Indulge me please as I tried to write my first sports column. No, I have no intention of applying for the job of newgeography.com’s sports editor and others have been far more prolific on this issue. I have been falling out of love with sports for decades now.    read more »

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Intercity Buses: 2015 Was A Smooth Ride

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As a former airline pricing analyst who once viewed the intercity bus as an inconsequential player in major markets, I am perhaps an unlikely champion of this mode’s potential. But since Megabus made its US debut just blocks from my Chicago office in 2006, I have become intrigued with this increasingly popular mode of intercity transportation.  read more »

This Is Why You Can’t Afford a House

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The rising cost of housing is one of the greatest burdens on the American middle class. So why hasn’t it become a key issue in the presidential primaries?

There’s little argument that inequality, and the depressed prospects for the middle class, will be a dominant issue this year’s election. Yet the most powerful force shaping this reality—the rising cost of housing—has barely emerged as political issue.  read more »

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Millennials Heed the Siren Call of Socialism

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The biggest story this election season is not Donald Trump or the fortunes of the two winners in Iowa, the unattractive tag team of Ted Cruz and Hillary Clinton. For all their attempts to seem current and contemporary, these candidates – and Trump as well – represent older, more established elements in American life, such as evangelicals, nativists and, in Hillary’s case, the ranks of middle-age women, seniors and public-sector unions.  read more »

Super Bowl: Super Subsidy Sunday

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Imagine what it would cost to fly from New York to Los Angeles if the country tolerated a National Airline League? Answer: about what a “personal seat license” will cost at the new City of Champions Stadium in Los Angeles, say $28,000.

In the latest shifting of NFL deckchairs, the League raided St. Louis, San Diego, and Oakland — cities that need things to cheer about — and told team owners that they are free to move to Los Angeles, the city of tomorrow, because of its willingness, today, to chip in on the construction of a $2.66 billion stadium in Inglewood, a city within Los Angeles, for the Rams and possibly the Chargers.  read more »

Demographics and Commodities Crash Slowing Growth of Poorer Countries

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Changing demographics and the commodities crash have slowed down the development of poorer countries.

Perhaps it all started with a turn in China’s demographics. Demand growth for commodities has declined sharply from recent years and has resulted in a crash of global prices. Copper is down 54% from its post 2008 peak and down 25% this year alone. Crude oil is down 67% and 39% in the same time spans. In addition to softer demand, prices were negatively impacted by jumps in supply, most notably from shale energy producers in the United States.  read more »

Chicago Is Winning the Battle for the Executive Headquarters

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The corporate headquarters used to be the primary measure of a city’s economic clout. Saskia Sassen, while not ignoring headquarters, documented how in the age of globalization, the resurgence of the global city was driven by demand for financial and producer services, not more and bigger HQs.  read more »

Serfs Up with California's New Feudalism

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Is California the most conservative state?

Now that I have your attention, just how would California qualify as a beacon of conservatism? It depends how you define the term.  read more »

Discount Airlines: The Cheap Seats Challenge

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Market forces in the airline business are, for the moment, a battle between state-owned carriers like Alitalia and Aeroflot, and start-up discounters like Ryanair and AirAsia. The conflict between state monopolies and under-capitalized start-ups is a perfect metaphor for the economic debates over subsidies and competition that divide much of the industrial world in America, Europe, and Asia. When my dreams come true, carriers like these will encircle the globe with two-hour, $49 short-hop flights.  read more »