Racial and economic inequality may be key issues facing America today, but the steps often pushed by progressives, including minority politicians, seem more likely to exacerbate these divisions than repair them. In a broad arc of policies affecting everything from housing to employment, the agenda being adopted serves to stunt upward mobility, self-sufficiency and property ownership.

This great betrayal has many causes, but perhaps the largest one has been the abandonment of broad-based economic growth traditionally embraced by Democrats. Instead, they have opted for a policy agenda that stresses environmental puritanism and notions of racial redress, financed in large part by the windfall profits of Silicon Valley and California’s highly taxed upper-middle class.  read more »

Recently I grouped all US counties into several categories, from True Believers R and D, R and D leaning groups, and also those areas that are more equally divided. In anticipating the 2016 election, I take here a brief look at a small number of counties (2012 data) that are extreme cases of R voting (over 90%, 28 counties), of D voting (over 80%, 26 counties), and of 50:50 voting (39 counties from 49.7 to 50.3 D vote). These are also shown on the maps.  read more »

Frequently I see examples of metro areas comparing themselves to other, more successful metro areas.  Metro area movers and shakers take a deep dive into the intricacies of what makes a "good" place tick, and try to implement the takeaways in their metro.  This is a reasonable action, but I believe it misses the point.  There is more to examine by taking a deep dive within your own metro than looking at another.  read more »

Manufacturing may no longer drive the U.S. economy, but industrial growth remains a powerful force in many regions of the country. Industrial employment has surged over the past five years, with the sector adding some 855,000 new jobs, a 7.5% expansion.

Several factors are driving this trend, including rising wages in China, the energy boom and a growing need to respond more quickly to local customer demand and the changing marketplace.  read more »

In a number of Western world cities, there is rising concern about foreign housing purchases which may be driving up prices for local residents. Much of the attention is aimed at mainland Chinese buyers in metropolitan areas where housing is already pricier than elsewhere. The concern about housing affordability is legitimate. However, blaming foreigners misses the point, which is that the rising prices are to a large degree the result of urban containment policies implemented by governments.  read more »

Will Rogers famously stated, “I am not a member of any organized political party. I am a Democrat.” And he was not so far from the truth. The old Democratic Party was a motley collection of selected plutocrats, labor bosses, Southern segregationists, smaller farmers, urban liberals and, as early as the 1930s, racial minorities. It was no doubt a clunky coalition but delivered big time: winning World War II, pushing back the Soviet Union and making it to the moon while aiding tens of millions of Americans to ascend into the middle class.  read more »

Urban risk may be understood as a function of hazard, exposure, and vulnerability.¹ In metro New Orleans, Katrina-like storm surges constitute the premier hazard (threat); the exposure variable entails human occupancy of hazard-prone spaces; and vulnerability implies the ability to respond resiliently and adaptively—which itself is a function of education, income, age, social capital, and other factors—after having been exposed to the hazard.  read more »

It’s the best of times and the worst of times in Los Angeles.

Los Angeles is now attracting notice as a so-called “global city,” one of the world’s elite metropolises. It is ranked #6 in the world by AT Kearney and tied for 10th in a report by the Singapore Civil Service College that I contributed to.  Yet it also has among the highest big city poverty rates in the nation, and was found to be one of the worst places in America for upward mobility among the poor. Newspaper columns are starting to refer to LA as a “third world city.”  read more »

In our modern economy, the biggest wellspring of new jobs isn’t the information sector, as hype might lead some to think, but the somewhat nebulous category of business services. Over the past decade, business services has emerged as easily the largest high-wage sector in the United States, employing 19.1 million people. These are the white-collar jobs that most people believe offer a ladder into the middle class.  read more »

My latest piece is online in City Journal and is called “Chicago’s Financial Fire.” It’s a look at the ongoing financial crisis in that city, which has all of a sudden gotten very real thanks to a downgrade of the city’s credit rating to junk by Moody’s. Here’s an excerpt:  read more »