Amazon’s decision to abandon New York City—leaving a $3 billion goodie bag of incentives on the table—represents a break in the progressive alliance between an increasingly radicalized Left and the new technocratic elite. Read more
President Trump may take blind patriotism too far, but his often nativist stance seems likely to prevail against Democrats whose policy prescriptions increasingly draw from “models” as China, Scandinavia or Germany. Such infatuations have been commonplace for a century among intellectuals inspired variously by Imperial Germany, fascist Italy, the Soviet Union or mercantilist Japan.
After drifting toward decrepitude since the 1970s, the urban core of many cities have experienced real, often bracing, turnarounds. Yet concern is growing that the revitalization of parts of these cities has unevenly benefited some residents at the expense of others. The crucial, and often ignored, question remains whether the policies that have helped spark urban revivals have improved conditions for the greatest number of residents. In a new study for the Center for Opportunity Urbanism, we found that, in most cities, unbalanced urban growth has exacerbated class divisions, while doing little to address the decline of middle-class households. Read more
Tech economy job growth is shifting from media-favored “superstar” cities to more sprawling metro regions and the suburban periphery.
The decisions by Amazon and Google to expand into the New York area have led some pundits to claim that the nation’s high-tech economic future will be shaped in dense urban areas. Read more
Ever since the economy began to bounce back, with unemployment at an all-time low, the familiar refrain from pundits has been that growth, particularly of the higher wage variety, would head to the tech-oriented elite cities along the coasts. Yet, today, despite the headlines about Amazon’s expansions in New York and Washington, D.C., the real story is the aggressive growth taking place on a changing stage, both in terms of geography and changing labor demands.
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In the poker match between President Donald Trump and China’s new all-but-emperor, Xi Jinping, it’s widely assumed that Xi holds the best hand. Yet President Xi’s hand may not be as awesome as it appears, while the United States, even under this very flawed president, may hold some fine cards.
Of course, Xi wields power in a way that Trump could only dream about. He has close to total control over the media, academia and the business community. In a way not seen in my over three decades of travel to China, Xi has fostered a cult of personality that looms over that vast country, and even has developed a strong cheering section among western business and intellectual leaders.
The Democratic Party’s triumphal romp through suburbia was the big story of the midterms.
In 2016 the suburbs, home to the majority of American voters, voted 50 to 45 for Donald Trump; this year, 52 percent went Democratic. In affluent suburban districts once controlled by the GOP—outside Houston, Dallas, Atlanta, Seattle, Kansas City and Philadelphia, and in Orange County, California—long-held GOP seats flipped and are unlikely to flip back unless Democrats alienate their new constituents by seeking to destroy suburban life.
The suburbs are where most Americans, including roughly four in five residents of our largest metropolitan areas, live. Historically, they have favored Republicans in most elections. But that tie has been weakened for reasons including the growing diversity of these areas and revulsion at Trump, particularly among educated women. Read more
If this undisguised reality series played by Hollywood rules, it would have already been canceled. The President Trump show has failed to grow its audience, and the reviews, even from the mildly sympathetic, are consistently bad.
Little over a decade ago, the housing sector almost brought down not only the American but the world economy. Today the reprise of the housing crisis will be playing a very different tune.
The rise of automation and artificial intelligence is keeping many Americans up at night, worrying about their jobs, and certainly those of their children. The World Bank predicts that 57 percent of all jobs in developed countries could be automated in the next two decades. Some studies suggest that almost half of all current jobs will be made redundant while others suggest that past technological innovation created enough new jobs to make for those lost.
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