The last five years have seen a revolution in terms of the amount of inexpensive U.S. natural gas made available for consumption in power plants, road fuels, and as a feedstock for new and expanded petrochemical plants. We are now even debating the advisability of large volume natural gas exports in the form of liquid natural gas (LNG).    read more »

There is a crisis in America that’s not being attended to. It is the housing crisis, and its tentacles reach deep into the decline of the American middle class. Particularly, the interlocking dynamics of foreclosure, abandonment, and blight are draining the net worth of millions of Americans. The solutions to date have been piecemeal and ineffective.  read more »

One of the most important turning points in the social history of the United States occurred at the beginning of the 1940s. This is not about Pearl Harbor or the Second World War, but  rather about the economic, housing and transportation advances that have produced more affluence for more people than ever before in the world.  read more »

Whatever President Obama proposes in his State of the Union for the economy, it is likely to fall victim to the predictable Washington gridlock. But a far more significant economic policy debate in America is taking place among the states, and the likely outcome may determine the country’s course in the post-Obama era.  read more »

Forget about a fiscal cliff or the threat of sequestrations. Bernanke’s use of the term “cliff” in 2012 is based on the erroneous analogy that fiscal policy had been moving along some level road for a period of time and was just now approaching an “end” or “falling-off” point.  read more »

For all of human history, family has underpinned the rise, and decline, of nations. This may also prove true for the United States, as demographics, economics and policies divide the nation into what may be seen as child-friendly and increasingly child-free zones.

Where California falls in this division also may tell us much about our state's future. Indeed, in his semi-triumphalist budget statement, our 74-year-old governor acknowledged California's rapid aging as one of the more looming threats for our still fiscally challenged state.  read more »

The prospect of falling car use now needs to be firmly factored into planning for western cities. 

That may come as a bit of a surprise in light of the preoccupation with city plans that aim to get people out of their cars, but it is already happening.  And it is highly likely to continue regardless of whether or not we promote urban consolidation and expensive transit systems.   read more »

In an era in which many businesses that pay high wages have been shedding jobs, the wide-ranging employment category of professional, scientific and technical services has been a relatively stellar performer, expanding some 15% since 2001. In contrast, employment dropped over 20% in such lucrative fields as manufacturing and information-related businesses (media, telecom providers, software publishing) over the same period, and finance and wholesale trade experienced small declines.  read more »

The pejoratively named “trickle-down economics” was the idea that by giving tax breaks to the wealthy and big business, this would spur economic growth that would benefit those further down the ladder. I guess we all know how that worked out.  read more »

No decade in history has experienced such an increase in urban population as the last. From Tokyo-Yokohama, the world's largest urban area (population: 37 million) to Godegård, Sweden, which may be the smallest (population: 200), urban areas added 700 million people between 2000 and 2010.  read more »