Decline Of The Asian Family: Drop In Births Threatens Economic Ascendancy

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In the last half century, East Asia emerged as the uber-performer on the global economic stage. The various countries in the region found success with substantially different systems: state-led capitalism in South Korea, Singapore and Japan; wild and wooly, competitive, entrepreneur-led growth in Taiwan and Hong Kong; and more recently, what Deng Xiaoping once described as “socialism with Chinese characteristics.”  read more »

The Swaps of Damocles

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"Privileged people don't march and protest; their world is safe and clean and governed by laws designed to keep them happy...." Michael Brock in John Grisham's The Street Lawyer (Doubleday, 1998).

"There can be nothing happy for the person over whom some fear always looms…” Cicero, Tusculan Disputations 5.62, via Wikipedia.com  read more »

Is College Worth It?

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Is college worth it? The question almost seems ludicrous on its face.  The unemployment rate for people with a college degree is only 4.2% versus 9.1% for people without a college degree and 13.0% for people with less than a high school education. In this economy, that should be an open and shut case.  read more »

It’s Mormon in America

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Whether or not Mitt Romney makes it to the White House, his candidacy signals that Mormons have arrived in American political life. Just as President Obama’s nomination and election marked a sea change in the country’s tortured racial history, so Romney’s nomination has changed religious boundaries that have persisted for more than 160 years. No religious group has been more persecuted by the U.S. government, or more derided by other faiths present in the country, than the Church of Jesus Christ of Latter-day Saints (or the LDS Church, as many Mormons refer to it).  read more »

Demographic Dead End? Barack Obama's Single Nation

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President Obama brought up Planned Parenthood three separate times at Tuesday’s town hall debate. It was an appeal aimed directly at a key part of his base: If he is reelected, it will be because of the Single Nation. 

Democrats have woken up to the huge political rifts that have emerged over the past 30 years—between married and single people, and people with kids and those who don’t have them. And save African Americans, there may be no constituency more loyal to the president and his party than the growing ranks of childless and single Americans.   read more »

The Land Premium That's Punishing Property

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High land prices have all but killed the Australian housing industry.

Lower housing starts has led to lower GST revenues (house construction attracts full GST) and lower stamp duty receipts are crippling state budgets and cruelling the chances of low and middle income earners to get a start in the housing market.

What has caused this slump in housing starts? Land prices.  read more »

CERF's Economic Policy Plan

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Here at California Lutheran University's Center for Economic Research and Forecasting, we think that each presidential candidate does have an economic plan. But it is a bit difficult to discern the policy under all the campaign noise. Then there is the problem of the truth. When out of office, each party claims to be the protector of the public purse. Each accuses the other of running deficits, and both are right about this. Except for a brief respite at the end of the 1990s, deficit spending has been the norm since the 1974 oil crisis.  read more »

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A Planet of People: Angel's Planet of Cities

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Professor Shlomo Angel's new book, Planet of Cities, seems likely to command a place on the authoritative bookshelf of urbanization between Tertius Chandler's Four Thousand Years of Urban Growthand Sir Peter Hall's Cities and Civilization and The Containment of Urban England. Chandler produced the definitive volume of gross population figures for urban areas (cities) over millennia. Angel, takes the subject much further, describing detail how urban areas have grown over the last two centuries, both in population and continuous urban land area. The book focuses principally on population growth,  urban spatial expanse, and density.  read more »

Thoughts on Chicago’s Tech Scene

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I’ve said before that I don’t think Chicago is well positioned to become some type of dominant tech hub, but should only seek to get its “fair share” of tech. However, as the third largest city in America, Chicago’s fair share on tech is still pretty darn big. If you look at what’s been happening in the city the last couple of years, I think you’d have to have to say it’s something real. Built in Chicago lists 1145 companies in its inventory, and that’s definitely something.  read more »

A Geographer Who Navigated the Globe

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Many people ask, “What do geographers do?” I would suggest that Marvin Creamer’s life story is all you need to know about the practical application of geography, even though most of us will never be stuck in a horizonless Indian Ocean on a “sea of glass”, or try to navigate the ferocious Drake’s Passage. Ancient mariners may have been able to sail long distances without instruments, but it is difficult, tricky, and can be extremely hazardous. Only one person, New Jersey’s Marvin Creamer, has ever attempted to circumnavigate the globe this way.  read more »

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