Are Millennials the Screwed Generation?

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Today’s youth, both here and abroad, have been screwed by their parents’ fiscal profligacy and economic mismanagement. Neil Howe, a leading generational theorist, cites the “greed, shortsightedness, and blind partisanship” of the boomers, of whom he is one, for having “brought the global economy to its knees.”  read more »

China's French Connection

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No two countries would appear more divergent than France and China, especially in the age of Eurozone collapse. One country represents the Asian future, while the other is the capital of the failed, if diverting, old world.

The French recently elected a socialist president and assembly on the basis that everyone should share the country’s deficits and decline. The Chinese, meanwhile, have enough surpluses to buy out the European Union, should they wish to exchange their EU debts for an equity stake. (Maybe they will choose to have Paris shipped east in boxes?)  read more »

How Fossil-Fuel Democrats Became An Endangered Species

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In an election pivoting on jobs, energy could be the issue that comes back to haunt Barack Obama and the Democratic Party as the cultural and ideological schism between energy-producing Republican states and energy-dependent Democratic ones widens.  read more »

High Speed Rail Advocates Discredit Their Cause - Again

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Is there any high speed rail boondoggle big enough to make rail transport advocates reject it?  Sadly, for all too many of them, the answer is No, as two recent developments make clear.

The first is in California, where the state continues to press forward on a high speed rail plan for the state that could cost anywhere from $68 billion to $100 billion. Voters had previously approved $10 billion in bonds for the project, but as the state's economy and finances have continued to sour – including multiple major cities going bankrupt – the polls have turned against it, and with good reason.  read more »

Core City Growth Mainly Below Poverty Line

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Over the toughest economic decade since Great Depression, the nation's core cities continued to gain more than their share the below poverty line population in the 51 metropolitan areas with more than 1,000,000 population. Between 2000 and 2010, core cities (Note 1) attracted approximately 10 percent of the increase in population (Note 2) while adding 25 percent of the increase in people under the poverty line (Figure 1).  read more »

China and the Future of Hong Kong

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Last week Hong Kong’s new leader Leung Chun-ying was sworn into office by Chinese President Hu Jintao. The ceremony coincided with the 15th anniversary of the British handover of Hong Kong to China so there was plenty of rhetoric about ‘strengthening ties with the motherland’.  read more »

The Cities Where A Paycheck Stretches The Furthest

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When we think of places with high salaries, big metro areas like New York, Los Angeles or San Francisco are usually the first to spring to mind. Or cities with the biggest concentrations of educated workers, such as Boston.  read more »

Modern Families: Fact from Fiction

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I sometimes struggle with our willingness to look straight through evidence to see only what we want to see, or what we believe we should be seeing. Some recent interpretations of the Australian census and conclusions about housing form and consumer choice regrettably fall into this category.

Early results from the Australian census may have disappointed some boosters who have actively promoted the view that the typical family household is a thing of the past. The argument has had many forms but usually includes one or more of the following:  read more »

Coney Island's Invisible Towers

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When crowds thronged Coney Island for the annual Nathan's hot dog eating contest on July 4th, they found a boardwalk amusement strip that was, for the umpteenth year in a row, undergoing a summer of change and transition.  read more »

Misreferencing Misoverestimated Population

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I know the media confusion story of the past week is all about the momentary misreporting that got the story of the Supreme Court ruling backwards. Yet there was some real misoverestimating across the nation over the latest census numbers that were released recently on municipal population estimates for 2011.  read more »