Deng Xiaoping, the pragmatic leader who orchestrated China’s ‘reform and opening-up’ 30 years ago, once said that “some areas must get rich before others.” Deng was alluding to his notion that, due to the country’s massive scale, economic development could not happen all at once across China. Planning and implementation of such an economy would take years, even decades, and some areas would inevitably be developed before others. read more »
The good news? Like most rock or movie stars, there's nothing fundamentally wrong with California. It's still talented, and retains great physical gifts. Our climate, fertility and location remain without parallel. The state remains pre-eminent in a host of critical fields from agriculture to technology, entertainment to Pacific Rim trade. read more »
Given the awful state of the economy, it’s no surprise that Democrats are losing some support among Latinos. But they can still consider the ethnic group to be in their pocket. Though Latinos have not displayed the lock-step party loyalty of African-Americans, they still favor President Barack Obama by 57 percent, according to one Gallup Poll — down just 10 percentage points from his high number early in the administration. read more »
When did anyone last hear officials and professionals talking enthusiastically about the social and economic benefits resulting from the subdivision of land to create secure, clean and tradable title? read more »
As a former health care human resources executive, I'm often drawn to the local hospital in whatever city I'm visiting. A city's health care environment reflects its social, cultural and economic state. Because the local medical center complex is often the largest employer in town, it would seem that strong fiscal returns would be rewarded to those cities that strategically aligned their economic development efforts to capitalize on growing this sector. read more »
Some say a Second American Revolution has begun. In the first American Revolution, American militiamen at the Old North Bridge in Concord, Massachusetts, fired the Shot Heard Round the World at British Redcoats on April 19, 1775.
The Shot Heard Round the World in the Second American Revolution was the surprise election of Scott Brown, again in Massachusetts, on January 19, 2010. The bullets fired were ballots as a Tea Party-backed candidate captured the “Kennedy seat” in the US Senate. read more »
Imagine that you own a service station that supplies fuel to the surrounding community, and you specialize in automotive repair. You're proud that your reputation for service attracts vintage Corvette owners. You worked hard all of your life, and your shop is your equity for retirement. Your business is entirely dependent on customers who enter via a left turn from Boone Avenue, a low traffic street, because drivers cannot get direct access to you from Highway 55, just south of your business.
One fateful day, a traffic engineer decides that the street serving as access to your station read more »
California has pending legislation, AB 2529, to require an economic impact analysis of proposed new regulation. Its opponents correctly point out that AB 2529 will delay and increase the cost of new regulation. There will be lawsuits and arguments over the proper methodology and over assumptions. It is not easy to complete a thorough and unbiased economic impact analysis.
Should California incur the costs and delays of economic impact studies? read more »
The classic picture of suburbia is that of white picket fences, the family Chevy in the driveway, and Mom in an apron beckoning her children to abandon the baseball and glove for a home-cooked dinner. Of course, there is nothing wrong with this picture, per se. Nothing wrong except for the fact that it is now becoming more of the exception than the rule among American suburban communities, memorialized best in cultural artifacts like reruns of "Leave It to Beaver." read more »
Despite Toronto’s international reputation for livability, all is not well in the city. Many politicians and pundits blame the outgoing city council, and Mayor David Miller. While they’ve done their share of damage, the city faces deeper, systemic problems. The source of the problem is more fundamental than stifling bureaucracy, or the stranglehold of the public sector unions. These are symptoms of the institutional sclerosis caused by the amalgamation of Toronto and surrounding areas into the new Toronto Megacity. read more »