Economics

So last month I saw an article in the New York Times about the resurfacing of a video documenting a racist attack on black children in Rosedale, Queens in New York City in 1975. A group of black kids from a nearby neighborhood decided to go on a "bike hike" through surrounding neighborhoods. Little did they know they would stumble on a protest against black movement into the area.  read more »

The years to come seem likely to see America’s historic population dispersion continue or accelerate, as pandemic and lockdown worries have severely reduced the attractiveness of dense urban cores (especially in the highest density areas, such as New York City). As a result, the sparsely populated outer areas of combined statistical areas (CSAs), the largest category of local labor market defined by the Office of Management and Budget (OMB), could be the destination of many former urban core households.  read more »

Not long ago, Tom Delonge, one of the founders of the punk-rock band Blink 182 and founder/front man for the alternative band Angels and Airwaves, decided to put together an interesting public benefit corporation based in California. It just so happens to be a company that conducts research on UFOs. But what’s interesting here is how Delonge’s To The Stars Academy (TTSA) have been able to promote this subject, not just on obscure websites or the Joe Rogan podcast, but through other more surprising channels.  read more »

For all the persistent rhetoric from California’s leaders about this state being on the cutting edge of social and racial justice, the reality on the ground is far grimmer.  read more »

Pessimism is the mood of the day, with 80 percent of Americans saying the country is generally out of control. Even before civil unrest and pestilence, most Americans believed our country was in decline, Pew reported, with a shrinking middle class, increased indebtedness and growing polarization.  read more »

A new class of overlords are making their bid for world domination.

The Coronavirus has trammeled the prospects of most Americans, particularly low-income workers. But for one small group, the pandemic has proved something like manna from heaven. Already ascendant beforehand, the tech oligarchy—a relatively small number of companies, venture, and private equity funds—are riding the current crisis to unprecedented dominion over our ever-weakening Republic.  read more »

We have two narratives about class in this country. Perhaps the most prominent is the American Dream – the idea that hard work and moral fortitude can lead people from rages to riches. The second is that of the rigged class system, one designed to ensure that the privileged remain privileged while the poor remain poor.  read more »

News reports say that the Trump Administration is going to propose a $1 trillion infrastructure plan to “boost the economy.” One writer says it will not only promote recovery but also help the environment.  read more »

To the detriment of those that can least afford expensive energy, California climate policies have driven up the cost of electricity and fuels to be among the highest in the country. The cost burdens of those policies may be fueling (no pun intended) the basis of a rebellion as the state’s climate policies discriminate against minority and low-income consumers.  read more »

As I am writing this article, South Africa is predicted, following the coronavirus crises, to have an unemployment rate of 50% i.e. 1 in 2 working adults .The country’s lockdown has now been longer than the one in authoritarian China and to make matters worse, South Africa’s credit rating has been recently downgraded by agencies such as Fitch, Standard and Poor, and Moody’s.  read more »