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 »
Newgeography.com - Economic, demographic, and political commentary about places
California Becoming Less Family-Friendly
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 »
Time to Acknowledge Falling Private Car Use
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 »
The Cities Winning The Battle For The Fastest Growing High-Wage Sector In The U.S.
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 »
Is Urbanism the New Trickle-Down Economics?
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 »
Dispersion in the World's Largest Urban Areas
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 »
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How Green Are Millennials?
Besides his history-making embrace of full equality for gays and lesbians, the most surprising part of President Barack Obama’s Second Inaugural Address may have been the emphasis placed on dealing with the challenge of climate change. The president devoted almost three whole paragraphs, more than for any other single issue, to the topic. read more »
More Bubble Trouble in California?
Just six years since the last housing bubble, California is blowing up another. This may seem like good news to homeowners and speculators alike but it could further accelerate the demise of the state's middle class and push more businesses out of the state. read more »
Why Are There So Many Murders in Chicago?
After over 500 murders in Chicago in 2012, the Windy City’s violence epidemic continues – 2013 saw the deadliest January in over a decade – and continues to make national news. The New York Times, for example, ran a recent piece noting how Chicago’s strict gun laws can’t stem the tide of violence. read more »
How The South Will Rise To Power Again
The common media view of the South is as a regressive region, full of overweight, prejudiced, exploited and undereducated numbskulls . This meme was perfectly captured in this Bill Maher-commissioned video from Alexandra Pelosi, the New York-based daughter of House Minority Leader Nancy Pelosi. read more »