Economics

Mayor Bloomberg needs to prepare the city for the crash of the Wall Street gravy train.  read more »

There is reason to think again about the now-current idea of dispersing the population of poor folks in the Skid Row district of downtown Los Angeles and similar precincts in other cities across the U.S.

There’s cause to pause over notions such as mixing “affordable housing” that’s priced in the range of working-class or poor folks alongside spiffy market-rate units.  read more »

How high urban housing costs and income inequality have exacerbated urban poverty

A few years ago, on a drive from New York to Washington, I turned off I-95 in Baltimore to see H.L. Mencken’s home. Abandoned row houses lined the street, some boarded up with plywood, others simply gutted. Signs offering fast cash for houses and a number to call for unwanted cars outnumbered pedestrians. It was a landscape of rot and neglect with few signs of renewal and investment.  read more »

What Dayton can tell cities about staying competitive in the global economy  read more »

Even in the best of times, Sacramento tends to be a prisoner to low self-esteem. The region's population and economic growth have been humming along nicely for the past decade, drawing ever more educated workers from overpriced coastal counties, but the region's leaders have often seemed defensive about their flourishing town.  read more »

My father made the huge piece of art that sits proudly on display at the entrance of the Daley Center Plaza in Chicago. Pablo Picasso designed this particular sculpture—or conceived it…or bent it with artistic vision…or however you want to put it.

But my father made it.

I’ve believed that since I was a small child. It’s a belief based mostly in filial pride, but there is some truth to it. Picasso, as I understand it, ordered the material for his untitled sculpture from the steel mill where my father worked at the time.  read more »

By Joel Kotkin and Mark Schill

Ever since the 1930s, most urban areas have leaned Democratic. But in presidential elections, many remained stubbornly competitive between the two parties. As late as 1988, for example, Republican nominees won Dallas County and made strong showings in the core urban counties of Cook (Chicago), Los Angeles and King (Seattle).  read more »

Starting with the first oil crisis in 1973, it’s become de rigueur for the press to accompany every spike in energy prices with a spate of stories explaining how the higher costs will inevitably lead to the revival of the long declining industrial cities of the Northeast and Midwest. But don’t count on a boom in Baltimore or Cleveland anytime soon.  read more »

In Chicago’s recent history, when you think of beers, Jesse Jackson and his sons Yusaf and Jonathan come to mind. Yusaf and Jonathan Jackson were fortunate enough to receive a coveted Anheuser-Busch distributorship on the north side of Chicago. Just the other day, MillerCoors announced it would move its corporate headquarters to downtown Chicago by the summer or fall of 2009. The cost was high.  read more »

Volkswagen’s announcement last week that it will build a new assembly plant in Chattanooga, TN is the latest sign of triumph for the South’s growing auto industry. The new plant will sit within close proximity to one Toyota is building north of Tupelo, MS (where the popular Prius will be manufactured), and another that Kia broke ground for last year in West Point, GA on the Alabama border. This joins existing plants such as those operated by Nissan in Nashville and Smyrna, GA, BMW’s plant in Spartanburg, SC and three assembly plants in Alabama.  read more »