America's Emerging Housing Crisis

Signs.jpg

The current housing recovery may be like manna to homeowners, but it may do little to ease a growing shortage of affordable residences, and could even make it worse. After a recession-generated drought, household formation is on the rise, notes a recent study by the Harvard Joint Center on Housing Studies, and in many markets there isn’t an adequate supply of housing for the working and middle classes.  read more »

Subjects:

Manufacturing in Los Angeles: A Test Case in Why Increasing Concentration Isn’t Always a Positive

production-color-block1-300x300.jpg

What comes to mind when you think of Los Angeles’ big industries? Motion pictures and other entertainment sectors, yes. Real estate and corporate headquarters, too. But probably not manufacturing.

No other sector, however, contributes more to the Los Angeles metro area’s gross regional product – the final market value of all goods and services in a region – than manufacturing. It accounted for 11% of L.A.’s GRP in 2012, narrowly beating out the real estate and rental and leasing sector (10%).  read more »

High Confidence Not Translating to High Math Scores for American and European Students

school-buses.jpg

Swedish fourth graders are leading the world in mathematics, followed closely by those in other developed European nations, at least if we look at students’ reported self-confidence in the subject. Fully 77% of Swedish students at fourth grade express a high level of confidence about their learning, compared to merely 5% who express a low level. In Austria, Germany, Denmark, and Norway seven out of ten students have high confidence about their mathematics knowledge. One in ten or fewer have low confidence.  read more »

Subjects:

Is the “Rust Belt” a Dirty Word?

rust-belt.png

Many people hate the term “Rust Belt”. They dislike the aesthetics of the Rust Belt. For others, the term is less loaded, but rather a moniker denoting who we are. Consider me in the latter camp. But I often cross paths with those who loathe the term, or more exactly any notion of there being a Rust Belt culture.  read more »

Why Trayvon Martin Defines Sanford, Florida

Sanford, FL by Christine Wood.JPG

For other rural cities in America, Sanford, Florida, home of the George Zimmerman trial, is useful as a cautionary tale: Define yourself now, before an incident like the shooting of Trayvon Martin defines you.

All of Florida is once again in an uncomfortable position, this time with the Zimmerman verdict. The state has by now earned a solid last-place position in its contribution to America’s culture. Its poor history was topped by its performance in the 2000 presidential election, but it includes lurid crimes going back well over a century. Most Florida residents quickly change  read more »

Subjects:

Detroit, Why Hast Thou Forsaken Me?

detroit-white-flight-chart.png

Thou wouldst fain destroy the temple! If thou be Jesus, Son of the Father, now from the Cross descend thou, that we behold it and believe on thee when we behold it. If thou art King over Israel, save thyself then!

God, My Father, why has thou forsaken me? All those who were my friends, all have now forsaken me. And he that hate me do now prevail against me, and he whom I cherished, he hath betrayed me.

Lyric excerpts from the Fifth and Fourth and Words, respectively, of the Seven Last Words of Christ orchestral work by Joseph Haydn.

I’m pissed.  read more »

What Detroit’s Bankruptcy Teaches America

joe-louis.jpg

As has long been expected, the city of Detroit has officially filed for bankruptcy.  While many will point to the sui generis nature of the city as a one-industry town with extreme racial polarization and other unique problems, Detroit’s bankruptcy in fact offers several lessons for other states and municipalities across America.  read more »

XpressWest Las Vegas Train: Where are the Venture Capitalists?

las_vegas_strip.jpg

Recently, the US Department of Transportation indefinitely suspended a federal loan application for the XpressWest high-speed rail train from Victorville California to Las Vegas.  read more »

Singapore Needs A New Sling

bigstock_SINGAPORE-DEC___The_Merlion__16453811.jpg

Over the past half century, the tiny city-state of Singapore has developed arguably the most successful formula for growth and social uplift on the planet. Like the famous Singapore sling — a tropical cocktail blending gin, grenadine, sweet and sour mix, cherry brandy and club soda — the city’s mandarins created the perfect recipe for rapid economic growth by combining its strategic location and hard-driving, largely Chinese population, with first-class infrastructure, a relentlessly improved local workforce and an opportunistic immigration policy designed to fill gaps in the labor pool.  read more »

A Suburban Economic Future?

sydney-bridge.jpg

The basic, often unappreciated, fact  about economic life in Australia’s  metropolitan regions are that most of the jobs are in suburban locations. Our central business districts (CBDs) – prominent though they are – account for only around 10% of all metro wide jobs. That rises to maybe 15% if you include inner city areas. But still, 85% of everyone else who calls Brisbane, Sydney, or Melbourne home works somewhere other than the CBD or inner city.  read more »