Recent data from a survey commissioned by Better Homes and Garden Real Estate (BHGRE) suggests a pent up desire among 18-35 year olds to own a home of their own that could easily fuel a real estate boom for at least the rest of this decade. read more »
For a century now, Republicans have confused being the party of plutocrats with being the party of prosperity. Thus Mitt Romney.
To win back the so-called 47 percent—an insulting description Romney doubled down after the election when he blamed his loss on Obama’s “gifts”—Republican might look farther back, past Calvin Coolidge and Herbert Hoover to their first president, Abraham Lincoln. read more »
Every so often, Detroit seems to pop up in our popular consciousness in a negative way. Ever since the ’67 riots, a steady stream of bad press has altered the national perception of the Motor City. Right now the city’s efforts to prevent state takeover because of its fiscal problems seems to shape discussion about Detroit. The most recent demonstration of this is the State of Michigan’s proposal to make Detroit’s Belle Isle Park, the jewel of the city’s park system, into a state park through an extended lease agreement. read more »
Within the last couple of years, the population of the world has become more than one half urban for the first time in history. By 2025, the world's urban areas are expected to account for 58% of the world population, rising further to two-thirds in 2050. This represents a huge increase from the 29% that was urban in 1950, or estimates of approximately 10% (or less) in 1800. (Figure 1). read more »
Picasso said “Art is a lie that tells the truth”. Nowadays, there’s less truth to that, as the creative process is increasingly about prettying up and papering over what’s broke.
More on that shortly, but first, about the breakage: it’s legitimate. Said Nobel laureate Joseph E. Stiglitz in a recent NY Times piece that plain-talks our economic conditions: “Increasing inequality means a weaker economy, which means increasing inequality, which means a weaker economy.”
That assessment—from a very smart man studying the problem—isn’t good. But in the American feel-good milieu you wouldn’t know it: “We’re coming out if it.” “Tomorrow is forever.” “Start-ups will save the U.S.” Etc. And while tone deaf, this kind of brushing off of problems isn’t new, but part of what social critic Barbara Ehrenreich refers to as America’s “cult of cheerfulness”, and it’s a “cult” that has spawned a longstanding and growing American feel-good industry. read more »
For more than a century, the city of Detroit has been an ideological and at times actual battleground for decidedly different views about the economy, labor and the role of government. At one time it was the center of a can-do entrepreneurialism that helped launch the American automobile industry. By 1914, for example, no fewer than 43 start-up companies were manufacturing automobiles in the city and surrounding region. Following a wave of sit-down strikes that began almost immediately after FDR’s landslide victory in 1936, the economic character of the city changed dra read more »
Bimbo eruptions are never fortunate occurrences, least of all for the bimbos involved. When they occur in South Tampa, they carry the sordid spectacles to new frontiers. A gentle but feisty cultural mix of blue-collar, white-collar, and varied ethnicities stretches between Old Tampa Bay and Hillsborough Bay on a peninsula tipped with MacDill Air Force Base. read more »
In the wilds of Louisiana’s St. James Parish, amid the alligators and sugar plantations, Lester Hart is building the $750 million steel plant of his dreams. Over the past decade, Hart has constructed plants for steel producer Nucor everywhere from Trinidad to North Carolina. Today, he says, Nucor sees its big opportunities here, along the banks of the Mississippi River, roughly an hour west of New Orleans by car. read more »
Although the professional, scientific, and technical industry sector makes up only 6% of the U.S. workforce, it was responsible for 10% of national job growth from 2010 to 2012. In addition, the broad industry (NAICS 54) grew by 6% in the past two years, which illustrates our nation’s march toward a more technical, STEM type workforce. There are over 9.2 million jobs in this industry, which is driven by sub-sectors like computer system design services and management, scientific, and technical consulting services. read more »
Conservatives of the paranoid stripe flocked to the documentary “America: 2016” during the run up to the election, but you don’t have to time travel to catch a vision of President Obama’s plans for the future. It’s playing already in California. read more »