Last month I visited a small town in southern Mexico. It is a quiet and modestly prosperous place. Outside some of the homes are older Suburbans, Jeeps and Explorers; the license plates show that their owners have recently returned from the US, driven out by the collapsing economy and heightened nativist anxieties. Almost every family, it seems, has some member who has spent time up north; only a very few of them are still hanging on through the recession. read more »
In all the many (how many) years I worked as an engineer in and around the auto industry, I got to compare conditions in Europe, Japan and America. Yet in many ways the American situation was perhaps the most tragic – the most potential, most eagerly squandered. It’s not Americans who are flawed, but the business model imposed from the top.
For example, I do not believe American engineers are inferior to those working elsewhere. It’s just the way their inputs are handled. Toyota and Honda have long-term viable plans that forecast many years down the road. This gives engineers a clear direction. read more »
The image of the European city as a tourist’s paradise of charming inner-city neighborhoods interconnected by high-speed rail networks is not entirely false, but it does not give the full picture of how most Europeans live. Contrary to the mythology embraced by romantics among planners and ‘green’ politicians, urban areas of Europe sprawl just as much as any American or Western city. read more »
The Castro District of San Francisco has found itself thrust into the national spotlight by recent events. With the premiere of Gus Van Sant’s “Milk” across the country and the continuing controversy over Proposition 8, the neighborhood so instrumental in the gay rights movement is receiving a new surge of attention – and more importantly respect – for its rich history. Yet the Castro is not a museum district; it is a living, breathing neighborhood that is changing and facing significant challenges in a down economy. read more »
During the Presidential campaign, then-Democratic candidate Barack Obama inartfully described his proposed federal income tax cuts for the middle class as “sharing the wealth.” His more strident right-wing opponents – including Vice Presidential candidate Sarah Palin – almost immediately labeled Obama “a socialist,” adding to a litany of alleged infirmities as a presidential candidate that included lacking executive experience; being a closet Muslim; and “someone who pals around with terrorists.” read more »
We should be getting used to the depressing spectacle of once-great corporations begging for assistance from Washington. Yet perhaps nothing is more painful than to see General Motors and other big U.S.-based car companies – once exemplars of both American economic supremacy and middle-class aspirations – fall to such an appalling state.
Yet if GM represents all that is bad about the American economy, particularly manufacturing, it does not represent the breadth of our industrial landscape. Indeed, even as the dull-witted leviathan sinks, many nimble companies have shown remarkable resiliency. read more »
City officials and private business owners recently gathered to celebrate the extended holiday hours of the Metropolitan Transportation Authority (MTA) Metro Red Line train service between Hollywood and Downtown. Private businesses put up $50,000 or so to pay for the Red Line to run an extra two hours — until 3 a.m. — on weekends through December 27. The local business community also came up with private funds for free service on city-operated DASH buses that will offer connections to late-night Red Line riders and others. read more »
Many of the nation’s youth (and a few of their elders) are expecting a magical turnaround of America’s economic fortunes as soon as their candidate for President, Barack Obama, is sworn in on January 20th 2009. But the Millennial Generation, born between 1982 and 2003, may be more the source of the country’s economic salvation as any initiative the new President might propose.
Millennials are the largest generation in American history, more than 91 million strong. They are coming of age just in time to join the workforce, enter the housing market, stabilize home prices, and buy the nation's expanding inventory of durable goods to furnish their new homes. read more »
Much of the commentary on the current economic crisis has focused on symptoms. Sub-prime mortgages, credit default swaps and the loosening of financial regulations are not the root cause of the financial crisis. They are symptoms of what has recently become a surprisingly widespread belief that individuals, families and even entire nations could live indefinitely beyond their means.
The crisis has reminded everyone that, in the end, market fundamentals like supply and demand still matter and that ignoring traditional virtues like thrift and long-term planning can lead to grief. But what does this have to do with boomers? read more »
With Barack Obama’s historic presidential win there has been much celebratory talk about redrawing the electoral map. Obama himself boasted that he was the only Democratic candidate who could accomplish this feat.
However, actual voting results suggest the map only shifted slightly at the margins from the 2000 and 2004 elections and that our geographic voting patterns may be more durable than we think. Here is a comparison of the famous red-blue divide: read more »