Searching for Los Angeles by the Gateway Arch - a Reminiscence

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The obsession started before the earthquake.

I was driving on Manchester Road, and something about the slant of light off the car dealerships, the particular combination of Mexican-food diner/meat market/bank/shoe store/train-whistle-in-the-distance, and the unending nature of my errand was enough to take me back. I was on San Fernando Road, and for a just a split second, I was happy – happy to be in traffic, happy to have the glare of the sun in my eyes, happy, even, to be hopelessly late -- because I thought that I was back in Los Angeles.  read more »

A New Model for New York --- San Francisco Anyone?

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From the beginning of the mortgage crisis New York and other financial centers have acted as if they were immune to the suffering in the rest of country. As suburbs, exurbs and hard-scrabble out of the way urban neighborhoods suffered with foreclosures and endured predictions of their demise, the cognitive elites in places like Manhattan felt confident about their own prospects, property values and jobs. So what if the rubes in Phoenix, Las Vegas, Tampa and Riverside all teetered on the brink?  read more »

Sports Complexes: Economic Prosperity or Pompousness?

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In the heart of downtown Indianapolis lies a recently constructed monolith, the envy of other cities aspiring for new digs for their NFL football team. Lucas Oil Stadium has 63,000 seats and features a retractable roof allowing for comfort control during Indiana's fickle fall weather season. And for those urban enthusiasts in the crowd, when open, the roof provides a captivating view of an Indy skyline that in years past was barely visible to the naked eye.  read more »

An Economic Recovery Program for the Post-Bubble Economy

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By Bernard L. Schwartz, Sherle R. Schwenninger, New America Foundation

The American economy is in trouble. Battered and bruised by the collapsing housing and credit bubbles, and by high oil and food prices, it is having trouble finding its footing. The stimulus medicine the Federal Reserve and Congress administered earlier this year is already wearing off, while home prices are still falling and unemployment continues to creep upward.  read more »

Charlotte’s Expanding Financial Web

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The takeover of Merrill Lynch by Charlotte-based Bank of America represents another step in the emergence of a true full-tilt competitor to New York as a financial capital. Already dominant in commercial banking, the acquisition places the North Carolina metropolis into the first ranks of cities in wealth management.  read more »

Geography, Class, and Red and Blue Voting

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Consider the following two apparently contradictory sets of statistics:

From the Republican convention and much of the media, you’d get the impression that class voting has turned upside down—that the Democrats are the party of the “elite” and the Republicans the new friends of the “working class”.  read more »

New York City Bracing for Lehman's Demise

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With the sale of Lehman Brothers seen as imminent — possibly as soon as this weekend — New York's commercial real estate market is bracing itself for the loss of a key financier responsible for tens of billions of dollars in commercial loans.

"It would be one less major player," a commercial real estate finance expert at New York University Schack Institute of Real Estate, Lawrence Longua, said. "It is probably more of a psychological effect, but it is one more piece of bad news."  read more »

America is More Small Town than We Think

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America has become an overwhelmingly metropolitan nation. According to the 2000 census, more than 80 percent of the nation’s population resided in one of the 350 combined metropolitan statistical areas. It is not surprising, therefore, that “small town” America may be considered as becoming a burdensome anachronism.

Nothing could be further from the truth. America is more “small town” than we often think, particularly in how we govern ourselves.  read more »

Paper to Paperless: Realigning the Stars

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The paper and pulp industry has been good to Wisconsin, the number one papermaking state in the nation. Wisconsin produces more than 5.3 million tons of paper and over a million tons of paperboard annually. The pulp and paper industry employs more than 35,000 people in the state representing roughly eight percent of all manufacturing jobs in Wisconsin. These are good jobs with good benefits. Papermakers earn over 20 percent more than the manufacturing sector average and over 50 percent more than the average wage in the state.  read more »

Rural America could bring boon to Dems

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By Joel Kotkin and Mark Schill

Perhaps no geography in America is as misunderstood as small towns and rural areas. Home to no more than one in five Americans, these areas barely register with the national media except for occasional reports about the towns’ general decrepitude, cultural backwardness and inexorable decline.

Yet in reality this part of America is far more diverse, and in many areas infinitely more vital, than the big-city-dominated media suspects. In fact, there are many demographic and economic dynamics that make this part of America far more competitive this year than in the recent past.  read more »