Let Freedom Ring: Democracy and Prosperity are Inextricably Linked

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With autocratic states like China and Russia looking poised for economic recovery, it's often hard to make the case for ideals such as democracy and rule of law. To some, like Martin Jacques, author of When China Rules, autocrats seem destined to rule the world economy.  read more »

Executive Bonuses: The Junta In The Boardroom

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Public companies and their management boards are run with all the democratic coziness of banana republics. The object of the junta is to transfer the wealth of the shareholders into the bonuses and stock options of the management. As they used to say in China, “business is better than working.”

Amidst the outcry over excessive executive pay, it is worth noting that, in the caudillo management culture of many public corporations, there is nothing more annoying than a shareholder with an interest in the company that he or she partly owns. The most dreaded corporate day of the year is that of the annual meeting, when outside consultants are hired to screen bothersome questions and choreograph the happy gathering.  read more »

Property Owners Pay for City’s Dysfunction Under L.A.’s New Graffiti Ordinance

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Graffiti is a bane of urban life, a form of vandalism that demoralizes entire neighborhoods and invites worse crime.

Graffiti is an art form and an outlet for expression amid the jumble and obvious strains of urban life.

You’ll hear arguments from both of those viewpoints, depending on who you talk to about graffiti.  read more »

Fixing the Mortgage Mess: Why Treasury’s Efforts at both Ends of the Spectrum Are Failing

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To get a better idea why the Obama Administration’s efforts to stem the home foreclosure crisis have failed at both ends of the problem, you need only go back to that great scene in Frank Capra’s classic, “It’s A Wonderful Life,” where protagonist George Bailey (Jimmy Stewart) is on his way out of Bedford Falls with his new bride and high school crush, the former Meg Hatch (Donna Reed). The newlyweds are heading toward the train station to leave on their honeymoon when Meg notices a commotion outside the Bailey Bros.  read more »

Home-Based Businesses: Residential Zoning and The Cyber Village

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Currently in the United States about 27% of all homes have some form of a home based business. These businesses can be key to conservation efforts that lower our carbon footprint by reducing transportation needs, eliminating redundant facilities, and consolidating equipment. They provide significant opportunities for two solutions to problems that face today’s growth issues.  read more »

The Limits of Transit: Costly Dead-End

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The proposed Chicago Transit Authority (CTA) fare increase and service cuts for next year are indicative of transit’s recurring budgetary problems, and not only in Chicago but nationwide. But in the Windy City, these moves have elicited an understandably negative public reaction since the city of Chicago depends on transit about as much as any city besides New York.  read more »

Southern Piedmont: Where NASCAR Meets the NASDAQ

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When Andrew Jackson roamed the hills of the Carolinas, northern Georgia and eastern Tennessee, it was still frontier, and for generations the southern Piedmont remained economically and culturally isolated.  Today, however, Old Hickory might be surprised to learn what this area has become.  read more »

Stimulate Yourself!

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Beltway politicians and economists can argue themselves silly about the impact of the Obama administration's stimulus program, but outside the beltway the discussion is largely over. On the local level--particularly outside the heavily politicized big cities--the consensus seems to be that the stimulus has changed little--if anything.

Recently, I met with a couple of dozen mayors and city officials in Kentucky to discuss economic growth. The mayors spoke of their initiatives and ideas, yet hardly anyone mentioned the stimulus.  read more »

The White City

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Among the media, academia and within planning circles, there’s a generally standing answer to the question of what cities are the best, the most progressive and best role models for small and mid-sized cities. The standard list includes Portland, Seattle, Austin, Minneapolis, and Denver. In particular, Portland is held up as a paradigm, with its urban growth boundary, extensive transit system, excellent cycling culture, and a pro-density policy. These cities are frequently contrasted with those of the Rust Belt and South, which are found wanting, often even by locals, as “cool” urban places.

But look closely at these exemplars and a curious fact emerges. If you take away the dominant Tier One cities like New York, Chicago and Los Angeles you will find that the “progressive” cities aren’t red or blue, but another color entirely: white.  read more »

The Compromise by the Lake

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Toronto is a nice city.

If that seems like faint praise, then so be it; I'm not a great Toronto fan. Don't get me wrong. It is a wonderful city for the tourist, and temporary residents I know swear by the place. But it's not my kind of town.

I spent much time in Toronto in the 1980s and 90s. My first visit must have been in 1970 or so, and I was last there on a very cold, January day in 2003.  read more »