To some, the $19 billion paid by Facebook for the Silicon Valley start-up What's App represents the ultimate confirmation of the capitalist dream. After all, these riches are going first and foremost to plucky engineers whose goals are simply to make life better for the public. Got a problem with that? read more »
The New York Times ran a Timothy Egan editorial on California on March 6. The essay entitled Jerry Brown's Revenge was reverential towards our venerable Governor. It did, however, fall short of declaring Brown a miracle worker, as the Rolling Stone did last August. These and other articles are part of an adoring press's celebratory spasm occasioned by the facts that California has a budget surplus and has had a run of strong job growth. read more »
The San Francisco Bay Area (San Jose-San Francisco combined statistical area or CSA) has a superior access to work systems, including its important work at home element. The freeway system provides primary access between all points, importantly supplemented by arterial streets, and accounts for nearly 70 percent of all work trips. read more »
If anything positive can be said for the current tepid economic recovery, it has been very good to those who invest in the stock market or own real estate.
Property owners have been able to reap higher rents and sale prices, and the stock market has soared while the overall economy has registered only modest gains. However, only a precious few have benefited from the bull market on Wall Street. read more »
California and Germany may not immediately come to mind as a doppelganger, but they do share several characteristics, particularly when it comes to their attitudes toward energy production and consumption.
Both “States” have large populations which seem to agree that the world will be a better place if renewable sources of energy are given precedence over hydrocarbon based options in powering their economies. read more »
As part of his plan to boost sagging ratings at the network, CNN chief Jeff Zucker commissioned an eight part reality series about Chicago and its mayor called Chicagoland that premiers tonight at 10pm ET. The show is produced by the same people who did the Brick City series about Newark Mayor Cory Booker, with support from mega-star executive producer Robert Redford. read more »
Third-generation venture capitalist Tim Draper believes he has a solution for California's problems that will make the Silicon Valley safe for its wealthy: secession. In a recent interview, Draper suggested that California be divided into six states, including one dominated by the Valley and its urban annex, San Francisco. read more »
The recent wrangling over decisions on where to build the next version of Boeing’s 777 has left a residue of bitterness and rancor around the Puget Sound region. Were the Machinists forced to give too much? Were the taxpayers squeezed too far? While views will differ on those questions, one thing is clear: jobs lost at Boeing are very difficult, if not impossible to replace. read more »
As all the Californians who celebrated the deluge of rain that fell the week before last know, it did not do much to ameliorate the state’s deep drought. We are likely to enter our traditionally dry spring, summer and fall in a crisis likely to exacerbate the ever greater estrangement between the state’s squabbling regions and classes. read more »
London’s goal — admirable for any city of medieval invention — is to drive the private car underground and replace it with a web of mass transit, suburban trains, bike lanes, taxi stands, and walkways. All of those are well calibrated to an urban grid that consists of mews, squares, and quirky side streets with names like Shoulder of Mutton Alley. read more »