Recently, BloombergView writer Michael Lewis called attention to tape recordings made by a Federal Reserve Bank of New York bank examiner who was stationed inside Goldman Sachs’ offices for several months during 2011-2012. She released the tapes to This American Life who aired her story on September 26, 2014.  read more »

Tianjin is located on Bohai Gulf, approximately 75 miles (120 kilometers) from Beijing. It was the imperial port of China, by virtue of that proximity. Tianjin also served as one of the most important "treaty ports" occupied and/or controlled by western nations and Japan for various years before 1950.  read more »

In this difficult recovery, many of the strongest local economies have been those with a high share of educated people in their workforce, particularly areas where technology companies and other knowledge-based industries are growing most rapidly.  read more »

You are a political party, and you want to secure the electoral majority. But what happens, as is occurring to the Democrats, when the damned electorate that just won’t live the way—in dense cities and apartments—that  you have deemed is best for them?     read more »

This week I’m helping a friend move house after watching her grapple with some unappealing options for the last couple of years. In the end she’s leaving San Francisco and moving to the suburbs forty-seven miles to the south. She absolutely hates the suburbs, but given all the possibilities it really is the right thing to do under the circumstances. Here’s a little background. She attended Berkeley University in the 1990′s as a foreign exchange student and fell in love with the Bay Area.  read more »

Earlier this year a trend called “normcore” got a lot of press. Normcore is a fashion idea based on wearing boring, undistinguished clothing such as that from the Gap. Jerry Seinfeld is a normcore fashion icon.

While normcore was at least in part a joke, I think it illustrates why trend chasing by uncool cities will never make them cool. So you live in some place which isn’t on everyone’s list of the coolest cities. You read all about what’s happening in places like Brooklyn with micro-roasters, micro-breweries, cupcake shops, and artisanal pickles, and you’re like wow, my city has all that now, too. We’ve arrived.  read more »

Traditionally, the discussion of Canadian urban issues focussed almost exclusively on the Big Three cities: Toronto, Vancouver, and Montreal, with the occasional nod to Ottawa. Calgary, Winnipeg, and Regina were generally only mentioned as punchlines, and, until recently, no one in urban Canada really knew what was going on in Edmonton other than that they had a winning hockey team in the '80s and a really big mall.  read more »

Growth in the current land areas of the 52 major metropolitan areas (over 1 million) provides an effective overview of changes in how the population has been redistributed United States since 1900. These metropolitan areas are composed of nearly 440 counties, as defined by the Office of Management and Budget for 2013. There have been such substantial changes in metropolitan area concepts and definitions that reliable comparisons extending beyond a decade from Census Bureau are impossible. (See Caution: Note 1).  read more »

Long Island is the birthplace of suburbia, from colonial-period Brooklyn to Levittown and beyond, and its economy has survived booms and busts since the 1950s. As stagnant as it may be, if it's anything, it is resilient. Today, its problems mirror those of many older suburban areas scattered across the country, and, like many other suburbs, its problems cannot be solved by simply shoehorning in more development - and more tax revenue. Are policymakers addressing the true thorns in the region's side: Affordable housing, cost-of-living, taxes, racism and fear of change?  read more »

We know this was a harsh recession, followed by, at best, a tepid recovery for the vast majority of Americans. But some people and some regions have surged somewhat ahead, while others have stagnated or worse.  read more »