Press coverage of the recent European violence often draws a line from the Arab slums around Paris to the violence that has recently engulfed Brussels and Paris. According to this theory, Arab refugees from Morocco and Algeria, and, more recently, Syria, who have settled on the impoverished outskirts of Paris, are to blame for the terrorist attacks because France and Belgium have been reluctant to assimilate Arabs into their European cultures. And youth unemployment rates in the banlieues -- suburbs -- of Paris and Brussels are, indeed, more than fifty percent in some districts. read more »
In this oligarchic era, dominated as never before in modern history by the ultra-rich, their movements are far more than grist for gossip columns. They are critical to the health of city economies around the world. read more »
For the better part of a century, Southern California has been seen as the land of surfers, hipsters and youthful innovators. Yet the land of sun and sea is becoming, like its East Coast counterpart Florida, increasingly geriatric.
This, of course, is a global and national phenomenon. From 2015-25, the number of senior-headed U.S. households, according to the Joint Center on Housing Studies at Harvard University, will grow by 10.7 million, compared with 2.5 million households headed by people ages 35-44. read more »
The key drivers that propelled the Reagan economy are now tapped out or out of favor.
The name of Ronald Reagan is frequently evoked by the current contenders to the GOP nomination. Donald Trump speaks admiringly of the 40th President of the United States and uses a truncated version of his 1980 campaign slogan “Let’s Make America Great Again”. Ted Cruz promises to implement Reagan’s solution of lower taxes, lower regulation and a stronger military. Before he bowed out recently, Marco Rubio was equal in his praise. And John Kasich stakes an even more tangible claim by reminding us that he is the only candidate who actually worked with Reagan. read more »
Millennial renters overwhelmingly plan on buying their own homes, though affording them could be far more challenging than they think. This is an important conclusion from a renters’ survey by apartmentlist.com, an apartment search website (See: The Affordability Crisis: Are Millennials Destined to be Renters?). read more »
On June 23rd, voters in the UK get a say on whether to remain in the European Union (EU). The UK first joined what was then called the European Economic Community (EEC) back in 1973, and in a 1975 vote, 67% voted to stay in the EEC. The issue was fairly settled until Conservative Prime Minister David Cameron, under pressure from the right wing of his party and anti EU sentiment, promised an in/out referendum in the Party’s manifesto for last year’s General election. read more »
New Yorkers like to think of themselves as ahead of the curve but, this year, they seem to be embracing the most regressive politics. The overwhelming favorite in Tuesday’s primary among Republican candidates – with more than 50 percent support, according to RealClearPolitics – is Donald Trump, the brash New Yorker whose campaign vows to “make America great again.” On the Democratic side, New Yorkers appear to prefer Hillary Clinton, their former U.S. senator and quintessential avatar of the gentry liberals, rather than feeling “the Bern.” read more »
Tokyo-Yokohama continues to be the largest city in the world, with nearly 38 million residents, according to the just released Demographia World Urban Areas (12th Annual Edition). Demographia World Urban Areas (Built-Up Urban Areas or Urban Agglomerations) provides annual estimates of the population, urban land area and urban population density of all identified built-up urban areas in the world. This year's edition includes 1,022 large urban areas (with 500,000 or more residents), with a total population of 2.12 billion, representing 53 percent of the world urban population. read more »
Where is America’s tech and software industry thriving? In a new study conducted for the San Diego Regional Economic Development Corp., researchers took an interesting stab at that question, assessing which metro areas have the strongest concentrations of software developers, spread across a broad array of industries, as well as the best compensation and job growth, and access to venture capital funding. read more »
Most commentary on California’s decision to increase the state minimum wage to $15 over time is either along the lines of it being a boon to minimum-wage workers and their families or a disaster for California’s economy. Neither is accurate. Different regions sill see different outcomes. Central California, the great valley that runs from Bakersfield to Redding, once again, will bear a disproportionate burden. read more »