With its official cost now having risen to $8.6 billion and a funding gap of $1.8 billion, both of which are certain to rise, Honolulu’s rail project will run out of money before construction reaches the downtown area, perhaps even before it reaches Middle Street. read more »
At a time when technology and public opinion should be expanding the boundaries of innovation and self-expression, we appear to be entering a new era of ever greater economic and political centralization, Wendell Cox and I suggest in a new paper. read more »
When you’re a kid, there are certain cartoons you just love. That love remains over time as your warmly think back on childhood memories. It lasts, that is, until you foolishly go back and watch an episode of two of a favorite show, what which point you say, “Holy cow! That show is terrible.” read more »
Working families and the middle class are becoming an increasingly endangered species in many parts of United States. Median household income remains below its 1999 peak (inflation adjusted). But the problem is not just stagnant incomes. Expenses are also rising, especially the costs of housing in some cities. As a result, it is becoming more and more difficult to make ends meet. read more »
The East End of London has a long history of working-class community. It has been a place of industry, where the river Thames and the river Lea have provided work for many people. The area attracted many immigrants, including workers from Africa since Tudor times, sailors from China, former slaves from America, French Protestants facing religious persecution in the 1600s and Irish weavers working in the textile industries. There have been Jewish communities in the East End for centuries, too. The twentieth century saw an increase in immigrants from the former British colonies, including South Asia, particularly Bangladesh. Not only has it been a place to seek a livelihood, but it has also been a place of refuge. read more »
This is the introduction to a new report on Orange County published by the Chapman University Center for Demographics and Policy titled, "OC Model: A Vision for Orange County's Future." Read the full report (pdf) here.
Blessed by a great climate and a highly skilled workforce, Orange County should be at the forefront of creating high wage jobs. The fact that it is not should be a worrying sign to the area’s business, academic, political and media leaders. Despite some signs of recovery in OC, long-term trends, such as a dependence on asset inflation and low wage employment, seem fundamentally incompatible with sustainable and enduring growth in the County. read more »
Transit best serves commuting destinations that have high concentrations of employment. For the most part, this means downtowns, or central business districts (CBDs). This is where transit lives up to its “mass transit" name, carrying many people concurrently and efficiently to concentrated destinations. read more »
Peter Thiel recently made one of his trademark provocative statements by saying, “If you are a very talented person, you have a choice: You either go to New York or you go to Silicon Valley.”
The problem for Thiel was that he said this while speaking at an event in Chicago. No surprise, it didn’t go over well. An enquiring questioner wanted to know, “Who comes to Chicago if first-rate people go to New York or Silicon Valley?” read more »
Whether he loses or, more unlikely, wins, Donald Trump creates an existential crisis for the Republican Party. The New York poseur has effectively undermined the party orthodoxy on defense, trade and economics, policies which have been dominant for the last half century within the party but now are falling rapidly out of fashion among the rank and file. read more »
Is New York City helping or holding back Upstate New York?
Towards the end of times, when all of mankind congregates in a final purgatory to draw the main lessons of this grand adventure called Life, there will be special attention paid to the centuries’ long efforts at harmonizing individual happiness with the needs of the collective. There will be seminars on leadership and war. There will be a thick chapter on the blessings and dangers of science. There will be a long section, co-written by poets and undertakers, on the success of freedom and the failure of tyranny. There will be wonder and consternation about religion and the nature of the universe. And there will be, inevitably, extensive reporting on economic ideology. read more »