In this information age, brains are supposed to be the most valued economic currency. For California, where the regulatory environment is more difficult for companies and people who make things, this is even more the case. Generally speaking, those areas that have the heaviest concentration of educated people generally do better than those who don’t. read more »
The urban cores of the nation's 52 major metropolitan areas (over 1 million population) lost nearly one-fifth of their school age population between 2000 and 2010. This is according an analysis of small area age group data for children aged 5 to 14 from Census Bureau data, using the City Sector Model. Over the period, the share of 5 to 14 age residents living in the functional urban cores declined from 15.0 percent to 12.0 percent (Figure 1). read more »
Is the demise of the ruble, together with falling crude oil prices, comeuppance for President Vladimir Putin’s expansionist dreams? That’s certainly the storyline of those holding faith in economic sanctions. In their eyes, he foolishly land grabbed eastern Ukraine and Crimea, and in exchange got back a cratered Russian economy, with a debased currency and little access to Western financial markets. Heck of a job, Vlad.
The victors, presumably, are the sanction wizards of Washington and London who stared down the barrels of Putin’s tanks and fifth columnists. read more »
In the past, this season was marked by a greater interest in divinity, the family hearth and the joy of children. Increasingly our society has been turning away from such simple human pleasures, replacing them with those of technology.
Despite the annual holiday pageantry, in the West religion is on the decline, along with our society’s emphasis on human relationships. Atheism seems to be getting stronger, estimated at around 13 percent worldwide but much higher in such countries as Japan, Germany and China. “The world is going secular,” claims author Nigel Barber. “Nothing short of an ice age can stop it.” read more »
The Internet Tax Freedom Act (ITFA), signed into law by President Clinton in 1998 and extended three times since, was scheduled to expire on November 1, 2014 if Congress did nothing – which they are very good at. ITFA placed a moratorium on new taxes either for Internet access services or for products and services not already taxed in local commerce. A more definitive action, the Marketplace Fairness Act (MFA), has been attached to various versions of the ITFA renewals. read more »
President Obama’s amnesty edict, likely to be the first of other such measures, all but guarantees California’s increasingly Latino future. But, sadly, for all the celebration among progressives, the media, Democratic politicans and in the Latino political community, there has been precious little consideration about the future of the newly legalized immigrants, as well as future generations of Latinos, in the state. read more »
Once giants walked this earth, and some of them were Democrats. In sharp contrast to the thin gruel that passes for leadership today, the old party of the people, with all its flaws, shaped much of the modern world, and usually for the better. Think of Franklin Roosevelt or Harry Truman, John Kennedy, or California’s Pat Brown, politicians who believed in American greatness, economic growth, and upward mobility. read more »
Over the last fifty or sixty years most towns have been dedicated to accommodated cars in order to cultivate business and permit people to live better more convenient lives. For new developments out in a former corn field this was effortless since everything was custom built with the automobile in mind. But older towns that had been built prior to mass motoring were at a distinct disadvantage. read more »
Reminiscent of the late Rodney Dangerfield's lament, America's network of school buses get "no respect." The thousands "yellow buses" are buried without a mention in the most important tables of the US Department of Transportation's National Transportation Statistics. Neither the terms "school" nor "school bus" appear in tables summarizing the number of vehicles (Table 1-11), vehicle travel (Table 1-35), passenger travel (Table 1-40) and others. At the same time, there is far more complete information on virtually every other transportation mode. read more »
Driving just got a lot cheaper in America. The timing is great not only for American consumers, but also for America’s infrastructure. The Highway Trust Fund simply can’t keep up current spending levels without more revenue. Significant declines in pump prices have presented an excellent opportunity to raise the federal gas tax, while keeping pump prices lower than initially anticipated. Though a gas tax hike may not be the ideal approach, it is infinitely preferable to bailing out the Trust Fund with general revenue, or to putting the brakes on much needed infrastructure spending. read more »