Economics

To paraphrase Mark Twain, “The report of Phoenix’s death has been greatly exaggerated.” To be sure, the Phoenix metropolitan area, for the first time in years, is suffering through a period of economic distress both in absolute and relative terms.  read more »

To read the popular press, one gets the impression that the collapse of the housing market is concentrated largely in the suburbs and exurbs, as people flock back to the cities in response to the mortgage crisis and high gas prices. A review of mortgage meltdown “ground zero” California indicates the picture is far more nuanced.  read more »

James Carville, the gifted political strategist and pundit, once reportedly referred to Pennsylvania as, “Pittsburgh and Philadelphia with Alabama in between.” And to be sure, many urban sophisticates share this belief.

But this perception comes from a different time when Pennsylvania’s cities boasted huge, overwhelmingly Democratic populations while the suburban and rural areas, albeit sparsely populated, were culturally aligned bastions of red state Republicanism.  read more »

Our teens and twenties are, for many, a prolonged period of waffling. We drift from one identity to the next, fixate on one career path and then promptly toss it aside. When we finally do commit to something—a marriage, a job—it’s typically a sign that we’re shrugging off the wishy-washy ways of youth and embracing adulthood. In the grownup world of the workplace, the “give it your all” mindset serves us quite well—unless, that is, we use it to decide the home vs. office question.  read more »

As gas prices play in the range of four dollars, lots of people are looking for ways to save fuel as part of their work commute or regular household travel. There are some no-brainers like parking the SUV and using the fuel efficient vehicles in the household fleet.  read more »

The rapid spike in energy prices has led politicians, urban theorists and pundits to pontificate about how Americans will be living and working in new ways. A favorite story line is that Americans will start trading in their suburban homes, move back to the city centers and opt to change everything they have wanted for a half-century --- from big backyards to quiet streets to privacy --- to live a more carbon-lite urban lifestyle.

Yet, there has been little talk about what could be the best way for families and individuals to cut energy use: telecommuting.  read more »

I found myself in separate, private discussions with a couple of high-ranking city officials recently. They were pleasantly challenging exchanges, especially because both of my conversation partners displayed intellectual curiosity and willingness to consider divergent viewpoints. Those are wonderful qualities in general, and encouraging when found in individuals who have some influence on public policy.  read more »

A bridge crashes into the Mississippi at rush hour. Cheesy levees go down in New Orleans and few come to help or rebuild. States must rely on gambling for revenue to run essential public services yet fall farther into the pit of structural deficits. Clearly we have gone a long way from the legacy of the New Deal.  read more »

Seattle voters, if not the city’s newspapers, were strong supporters of Franklin Roosevelt and the New Deal in the 1930s and 1940s. As in many parts of the country, New Deal programs had a profound effect on Seattle and Washington state.  read more »

The first lesson to be learned from this earlier era is that a large middle class requires an economy that generates a broad base of jobs paying middle-class wages. The New Dealers were not opposed to "rigging" the labor and financial markets to achieve this result. New Deal progressives believed the economy should exist to serve society, not the other way around, and that the government has a duty to shape the economy to meet middle-class aspirations.  read more »