Why The Stock Market Matters

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My father was a career enlisted man in the United States Air Force. I was in the third or fourth grade when he graduated from high school. My mother graduated from high school after I was married. My dad worked for several companies after his Air Force career. He was working for Disney when he died. My mother worked part time in child care from time to time.  read more »

Different Shades of Green

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Last month marked the 15th anniversary of the settlement of Plotkin vs. General Electric, the landmark “greenwashing” lawsuit I filed in 1993. At the time, GE was misleading consumers by selling phony lookalike energy efficient light bulbs that were in fact just old fashioned incandescent wolves in green packaging.

I took no money from the case. But I required G.E. to make labeling changes and to pony up $3.25 million dollars in consumer refunds and donations to environmental and public service groups. The labeling changes made it easier for the manufacturers of real energy efficient light bulbs, which were just then entering the marketplace, to distinguish their products on the shelves.  read more »

How the Financial Crisis Threatens Localism

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By Richard Reep

As in many places, the poor economy is forcing many families in affluent Winter Park, Florida to make some necessary adjustments. One of the most basic adjustments relates to shopping for food and staples. In better times, Winter Park was ruled by two Publix supermarkets and a Whole Foods. Grocery-cart conversation among friends became a common event; now this smooth, middle-class lifestyle pattern has been disrupted.  read more »

PARIS: Urban Museum Amidst a Suburban Sea

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I arrived in Paris on March 1 for my annual visiting professor assignment at the Conservatoire National des Arts et Metiers. Again, I have taken a flat (apartment) in the 1st arrondissement (district) in the heart of the ville de Paris, one of the world’s great pedestrian expanses. It is also one of the great virtual experiences – a place oddly disembodied from its setting.

The flat is just a couple of doors to the right on the first perpendicular street in the picture below, which was taken at the entrance of the Chatalet-Les Halles Metro-RER station, less than 200 yards away.  read more »

How Houston Will Weather The Recession

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In the past year or so, traveling the various geographies of this country has become increasingly depressing. From the baked Sun Belt suburbs to the green Valhallas of Oregon and the once luxurious precincts of Manhattan, it is hard to find much cheer--at least from entrepreneurs--about the prospects for the economy.

Until recently Texas, and particularly Houston, has been one of the last bastions of that great traditional American optimism--and for good reason. Over the past few years, Houston has outperformed every major metropolitan area on virtually every key economic indicator.  read more »

Is Obama's Urban Focus Bad News for the Rest of the Countryside?

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To much of the media, Barack Obama is the ultimate dream president, a sophisticated urbanite whose roots lie in top-tier academia and big-city politics. This asset could also become a glaring weakness, blinding him to the fundamental aspirations for smaller places and self-government that have long animated the American experience.  read more »

NEW GEOGRAPHY SPECIAL REPORT: America’s Ever Changing Demography

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America’s demography tells not one story, but many. People concerned with looking at long-term trends need to familiarize themselves with these realities – and also consider whether these will continue in the coming decades.

Losers and Winners  read more »

The Former East Germany: Is It Time for Red Nostalgia?

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2009 marks the 20th anniversary of the reunification of East and West Germany into one country. Germany was divided into two separate nations with competing economic and political ideologies. Now it’s time to reassess the results of this melding of two very different systems and the impact on the urban environment.

Emerging from the ashes as one of the world’s most powerful economies, Germany may be the quintessential example of the triumph of capitalism over communism. Yet now with Frankfurt’s powerful banking sector reeling from the global economic meltdown, reticent Marxists may well be coming out of the woods to proclaim the death of capitalism.  read more »

The New Business Ethos

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My only post-graduate employment lasted 3 months. I worked for a small political consulting firm drafting online strategy for a well-funded land-use initiative. After the success of the measure, the firm’s founder sat me down, told me he loved my work but that the firm was not interested in continuing its web-based consulting. He had to let me go. It was in that same meeting that I decided to start – and pitched to my boss – my own business.  read more »

One Fundamental Problem: Too Many People Own Homes

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Ben Bernanke made the following statement as he attempted to justify bailing out bad borrowers:

“…from a policy point of view, the large amount of foreclosures are detrimental not just to the borrower and lender but to the broader system. In many of these situations we have to trade off the moral hazard issue against the greater good.” – Ben Bernanke, February 25, 2009

I think he is wrong on this, and the moral hazard issue is only a small part of my objections.  read more »