The orchard-laden foothills of North Central Washington’s Wenatchee Valley are resplendent at this time of year. The apple and pear harvest is in full swing. The warm golden hues, the crisp mountain air and the bustle of trucks carrying produce to markets near and far provide a stark and welcome contrast to the daily barrage of bad news about the downward spiral of the nation’s financial markets. read more »
I lived in or near cities for 30 years because that’s where the jobs are. I left southwestern Pennsylvania in 1977 as the closing of coal mines and steel mills wrecked the local economy. It cost almost $1,000 per semester to attend the state college, many times that for the state university. There were no opportunities for a young person. I moved to California where residents received free tuition at state universities. I earned 2 college degrees in California and advanced my career from Prudential Insurance through the Federal Reserve Bank and to the Pacific Stock Exchange. read more »
The mortgage meltdown is much more than an American affair. Real estate bubbles have developed in all major English speaking countries - US, Canada, UK, Ireland, Australia and New Zealand.
Over the past year, house prices have dropped 12 percent in the United Kingdom. The annual decline is approaching 10 percent in Ireland, while median house prices have dropped six percent in New Zealand. In each of these countries, the price declines started after the United States. read more »
Senator Barack Obama has run the first campaign of the information age, and win or lose he has set the standard for how campaigns will be run from this point forward.
He has parlayed his inspirational speeches and personal appeal to the millennial generation into a base of small donors likely unequaled in modern election history. His campaign understood the power of the Internet and social networking and successfully used it as a resource to create political buzz about him and build a fundraising juggernaut. read more »
Americans may be less mobile than in the past, but millions since 2000 have continued to be on the move, reshaping the landscape and economy of the nation. Three maps will be briefly discussed: one of population change by county, 2000-2007, one of net internal migration by county, and one of net immigration from abroad. We will then focus on the “extremes”, unusually large levels or intensities of net internal migration and of immigration.
Overall population growth read more »
And those without chairs will be standing for an awfully long time
By Richard Reep
Florida real estate, which boasts a notorious tradition that dates back to Ponce de Leon’s search for the Fountain of Youth in 1513, has recently exceeded even its own flaky reputation. Quality of life here will suffer in the near term. In the long term, Florida’s economy will recover its viability, but in a new form. read more »
By Morley Winograd and Michael D. Hais
Historians will mark 2008 as the year that started the fundamental political debate that will define America in the Millennial Era. This is not just because Millennials (young Americans born from 1982 to 2003) have propelled the candidacy of Barack Obama but also because their entire civic orientation is now permeating the policy debate crystallized by the nation’s unfolding “financial Pearl Harbor”. read more »
Regional governance is all the rage in some circles in America. But the Canadian experience demonstrates it might not have all the benefits advertised. More than a decade ago, the Ontario government forced six municipalities to amalgamate into the megacity of Toronto. This was not done by the residents of the six jurisdictions. Separate referenda in each of the municipalities (North York, East York, York, Etobicote, Scarborough and the former city of Toronto) all indicated strong disapproval. read more »
Given current economic trends, the time may be ripe to consider as a concept, an economic region straddling the middle of the North American continent – a North American Central Economic Region (NACER). These cross-border economic regions spanning Northwestern Ontario, Manitoba, North and South Dakota and Minnesota, already share infrastructure, production facilities and research and development capacity. A North American Central Economic Region (NACER) would build on these existing relationships, as well as historic patterns of cultural exchange, cross-border trade, and travel. read more »
If you ask most Americans, or Canadians, for that matter, where Canadian high tech is concentrated, they will point you to the great metropolitan centers of Toronto and Montreal. But in reality the real centers of tech growth in Canada are concentrated elsewhere. read more »