MILLENNIAL PERSPECTIVE: Vintage Fashion & The Twice-Around Economy

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One impact of the recession has been a fundamental change in consumer clothing purchase patterns. Luxury retailers’ losses have been second-hand retailers’ gains. Internet marketers have also been uniquely positioned to benefit.

Instead of buying new goods, more shoppers are turning to second-hand bargains. Thrift stores, with their low prices, are rising in popularity.  read more »

America's Agricultural Angst

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In this high-tech information age few look to the most basic industries as sources of national economic power. Yet no sector in America is better positioned for the future than agriculture--if we allow it to reach its potential.

Like manufacturers and homebuilders before them, farmers have found themselves in the crosshairs of urban aesthetes and green activists who hope to impose their own Utopian vision of agriculture. This vision includes shutting down large-scale scientifically run farms and replacing them with small organic homesteads and urban gardens.  read more »

Airline Security: The War on Service

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Who hasn’t daydreamed about taking revenge on an industry that has managed to parlay the horrors of modern air travel into a multi-billion dollar federal bailout? Although in most cases, I would guess, the fantasy involves the ticket agent’s undies, not our own, going up in smoke.

As everyone knows, in response to the Northwest flameout, the Obama administration has adopted policies that are almost exactly the same as those of the Bush administration, turning the flying experience into a political advertisement for all the wonderful things that the president is doing to fight the war on terror.  read more »

If I Were Sheikh Mohammed

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On January 15th, Dubai's ruler, Sheikh Mohammed bin-Rashid bin-Maktoum responded to an article written by the author and Joel Kotkin suggesting the United Nations should move its headquarters from New York to Dubai. Dubai issued a formal statement, "The emirate would welcome talks with officials at the organisation to inform them of the facilities and advantages that Dubai can offer."  read more »

Subjects:

Denmark, and the US, in 2010

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Denmark is a good microcosm. It holds lessons for us here in the States, good and bad. I felt that way when I first lived there in 1971, when I researched my doctoral dissertation there in 1977, and I feel that way now.

Denmark is a mixed-economy (free market competition with a large public sector), social welfare, multi-party democratic country that, because of its small size and international exposure, is affected more quickly and deeply by social, economic and political forces at work in the Western (and wider) world.  read more »

Copenhagen: the Fall of Green Statism

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Now we have the Copenhagen deniers. These are people who won't accept that the UN’s climate change process has been derailed. The highest emitting nations refuse to be bound by an enforceable treaty. Instead of bedding down a replacement for the near-defunct Kyoto Protocol, they asked for a rain check.  read more »

High-Speed Rail: Toward Least Worst Projections

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It comes as welcome news that the United States Department of Transportation Inspector General is concerned about the integrity of high-speed rail projections, “including ridership, costs, revenues and associated public benefits.” The issue has become ripe as a result of the $8 billion for high speed rail that the Obama Administration slipped into the economic stimulus bill early in 2009.  read more »

Stop Coddling Wall Street!

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By all historical logic and tradition, Wall Street’s outrageous bonuses—almost $20 billion to Goldman Sachs alone—should be setting a populist wildfire across the precincts of the Democratic Party. Yet right now, the Democrats in both the White House and Congress seem content to confront such outrageous fortune with little more than hearings and mild legislative remedies—like a proposed new bank tax, which, over the next decade, seeks to collect $90 to $100 billion. This amounts, on an annual basis, to about half of this year’s bonus for Goldman’s gold diggers alone.  read more »

Las Vegas: The Boom - Bust Bender

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It's delightfully easy to blast Las Vegas… or simply to make fun of it. It is the world capital of shamelessness, so it is more or less beside the point to criticize. Yet with the debut of the colossal $8.5 billion CityCenter, Vegas makes pretension to "sustainable urbanism." Even by Vegas standards of hype, this is mendacity at a colossal scale.  read more »

High Tech Won't Save California's Economy

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Much has been made of California's struggles, but some still say California's best days are ahead of it. In this calculus, innovation in high tech, biotech, green tech, clean tech, any tech will ultimately pull the state out of its current funk and to even greater success tomorrow. Promoters of this view cite an impressive roster of statistics around venture capital, patents, new business formation, etc., along with obligatory anecdotes of ambitious new startups with world changing products (coming soon) and their slick, dynamic founders.  read more »