While speculation is mounting that they’re overheating, the tech boom is still creating jobs at a rapid pace in the Bay Area and Silicon Valley, placing them atop our annual assessment of The Best Cities For Jobs for the third year in a row. A number of secondary tech centers are posting strong growth as well on the back of the boom, as well as spillover from Northern California as high prices push expanding companies and startups to locate elsewhere. read more »
The deceleration of China and resulting commodities crash have created a problem for developers of ultra luxury condominiums.
The ancient Egyptians believed that the sky was a solid dome, the belly of the goddess Nut who arched her body from one side of the horizon to the other. Every day, the sun god Ra emerged in the east and sailed in his boat across the sky until dusk when he disappeared in the west by dipping below the surface of Nun, the ocean upon which the whole flat earth floated. read more »
In his new book, The Human City, Joel Kotkin looks at the ways cities succeed or fail in terms of how their residents are best served. Here’s a tour of some past models.
Throughout history, urban areas have taken on many functions, which have often changed over time. Today, this trend continues as technology, globalization, and information technology both undermine and transform the nature of urban life. Developing a new urban paradigm requires, first and foremost, integrating the traditional roles of cities—religious, political, economic—with the new realities and possibilities of the age. Most importantly, we need to see how we can preserve the best, and most critical, aspects of urbanism. Cities should not be made to serve some ideological or aesthetic principle, but they should make life better for the vast majority of citizens. read more »
In an election year in which the top likely candidates come from New York, big cities arguably dominate American politics more than at any time since New Deal. The dynamics of urban politics, which are characterized by high levels of inequality and racial tensions—may be pushing Democrats ever further to the left and Republicans toward the inchoate resentment of Donald Trump.
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Black lives matter, we’re told—but in many American cities, black residents are either scarce or dwindling in number, chased away by misguided progressive policies that hinder working- and middle-class people. Such policies more severely affect blacks than whites because blacks start from further behind economically. Black median household income is only $35,481 per year, compared with $57,355 for whites. read more »
The Reason Foundation has published my new research reviewing the potential for urban containment (or other restrictive policies that are sometimes called "smart growth") to reduce greenhouse gas (GHG) emissions. Principal reports cited by advocates of urban containment are reviewed. The conclusion is that only minimal reductions if the gains from improved automobile fuel economy are excluded. read more »
The Bureau of Transportation Statistics recently released preliminary data summarizing public transportation ridership in the United States for the calendar year 2015. The preliminary data from the National Transit Data program showed transit ridership in 2015 of 10.4 billion annual riders approximately 2.5% below the 2014 count and also smaller than the 2013 count. read more »
The real winners in election 2016 are going to be the new-economy oligarchs who are among Clinton’s biggest donors.
This presidential election may have been driven by populist fever in both parties, but at the end, the campaign has left the nation’s oligarchs in better position than ever. As Bernie Sanders now marches to his own inevitable defeat, leaving the real winners those oligarchs—notably in tech, media, urban real estate and on Wall Street—who are among Hillary Clinton’s most reliable supporters. read more »
With her massive win last month in New York, followed up with several other triumphal processions through the Northeast, Hillary Clinton has, for all intents and purposes, captured the Democratic nomination. And given the abject weaknesses of her two most likely opponents, Donald Trump and Ted Cruz, she seems likely to capture the White House this fall as well. read more »
Over the years I’ve belonged to a variety of different organizations that had the ostensible goal of accomplishing X or Y. At a certain point I would realize that all anyone was doing was exercising their fears and frustrations. Most of all they were trying to stop other people from doing things they didn’t like. read more »